MarretInvest: Full and honest review
Traders know that there are many brokers online that they can use for trading forex. MarretInvest is one of the brokers that they can find online. The only question that you should answer is if they are legit and recommended to use by regulators. It is important to make sure that you know if you can trust a broker with your money. With this review about MarretInvest, you will see that they might not be as reliable as what you thought.
MarretInvest is a forex and CFD broker that are offering a huge selection of cryptocurrencies. They are situated in St. Vincent and the Grenadines and Edinburgh. They have a huge selection of email addresses for customer care and they have a valid telephone number. This doesn’t mean that they are legit and that you can start using them without reading the full review.
Any broker that are offshore is risky. This is because your money isn’t secure and safe. Making trading, in general, a huge risk.
Are they registered and regulated?
Because they are associated with a company, people think that MarretInvest is registered and regulated. However, this isn’t the truth at all. They aren’t internationally registered and able to trade legally. Your money is still at risk because they are an offshore broker.
The other thing is that they aren’t regulated as well. Meaning that there isn’t anyone that is making sure that they are staying within the law. This means that they can change their terms and conditions when and how they want. Leaving your money at risk. It is essential to use brokers that are registered and regulated and MarretInvest isn’t.
Using the MT5 platform
MT4 and MT5 are relatively the same and was made by the same company. Meaning that they are actually using a safe and recommended platform for trading.
But this doesn’t mean that you can now use them, without any problems. Just because they are using a recommended platform, doesn’t mean that they are legit. They can buy the platform, and still, be trying to steal all your money out of your account. There are other things that you should look for as well before you decide to use MarretInvest as your broker.
Account information and minimum deposits
MarretInvest offers three different accounts. They are offering the mini, standard and premium. This is what most brokers are offering. However, they have one huge difference. The required deposit that each account needs are extremely high.
Meaning that you need to pay a huge minimum required a deposit before you can start trading. And, if the trading doesn’t work out for you, or they froze your account, you are losing a lot of money. For the mini account, you need to deposit $1,000, for the standard account, you need $5,000 and for the premium, you will need to deposit $50,000. There aren’t many legal brokers that are asking these large deposits before you can trade. Making this really dangerous.
Terms and conditions incomplete
Just like any other broker that isn’t regulated, MarretInvest’s terms and conditions are incomplete. They can interpret the terms and conditions completely different than you. Making sure that your account can be canceled at any moment.
You need to know that if your account is canceled, you are losing the money already in the account. And, as mentioned, their required deposit is really high. There is nothing more important as to read the terms and conditions before you are signing up with any broker. This is an indication to know if they are trustworthy or not.
No company history information available
No matter how hard we have searched, there isn’t any company history information available. If a company is online, there is normally some information that you can find, like the date of starting the company and the founders of the company.
With MarretInvest, you will not be able to find any other information except the address, telephone number, and email address. But there should be more company information, and with MarretInvest, there isn’t. Making us wonder why there isn’t any more information.
What are regulators saying about them?
What are regulators saying about MarretInvest? They are warning potential traders about using MarretInvest. This is because they aren’t registered, regulated and they have a huge minimum deposit that traders need to pay.
They might be using one of the best platforms, but this is basically the only good thing about them. MarretInvest isn’t recommended and regulators are putting warnings out about them.
MarretInvest. A broker that you can use for trading forex and CFD. However, there are many irregularities about them that are making them risky to use. The amount that you need to pay a deposit, is a huge amount. No other brokers start with this huge deposit. Even regulators are warning traders not to use MarretInvest. It is important to consider these facts before you decide to start using them. You might just regret it, and lose a lot of money in the process.