There are a number of industry checks that all point to the same conclusion: CTL Market is in fact an investment fraudster.
When you are involved in the trading industry, you will frequently come across advertisements for a variety of organizations that make the claim that they are the most suitable brokerage firm for you. These businesses will tempt you to invest with them by providing a variety of benefits, such as bonuses, enticements, and incentives.
In addition, inexperienced traders who are unfamiliar with the market tend to be the target customers of these fraudulent companies.
These companies will boast about their most recent software, useful trading tools, and the provision of educational skills in the hopes that you will give in to their appeals. However, it is imperative that you never forget that these are all ploys designed to mislead people and that con artists devise brand-new schemes on a daily basis so that investors do not get suspicious of them.
It is very difficult to determine who can be trusted and who can be ignored when there is so much background noise.
CTL market is an example of this type of offshore corporation, and it asserts that it is among the most respectable and experienced businesses operating in the trade industry today. However, after conducting a thorough investigation, it became abundantly evident that CTL Markets is a hoax firm.
This is due to the fact that the company does not have any strategy to deal with unknown market trends. This analysis will provide you with a number of arguments as to why you should not put your investment in CTL markets.
What is the CTL market track record?
If you go to the CTL website, you won’t be able to find any historical information regarding the company’s trading results. They have nothing to brag about other than their offers and their surface-level competence. Along with providing a number of different bonuses and incentives, the CLT market will create the impression of a reputable and competent brokerage firm.
On the other hand, a more in-depth examination reveals that all of the information that is presented consists solely of words and nothing else. There is no information that is relevant or authentic regarding who works on their team, how their team works, or what trading methods they utilize; nevertheless, in actuality, all they are doing is boasting about how good they are without providing any evidence to back up their claims with facts and numbers.
On the one hand, a scammer will never provide you with detailed data or contact information, making it exceedingly impossible for anyone to follow their trail and identify them. On the other hand, legitimate businesses will always publish the identities of their employees in order to demonstrate to their customers that the firm is comprised of qualified and trustworthy staff in order to earn their trust.
When it comes to CLT markets, you’ll find that no data is offered about the trading gurus who are affiliated with them, nor is there any information regarding the origin of the information. As a result, you are meant to have complete faith in CLT markets based solely on the words that they utter, which is complete idiocy.
Is CTL market certified?
After doing an investigation on CTL markets, the very first thing that we observed was that it does not specifically identify evidence of its legal license. We have discovered that a significant number of fraudulent businesses either disclose information concerning their licensing or divulge the nature of their associations with licensed partners.
The majority of the time, this license is granted by a financial regulatory agency of any underdeveloped nation that does not strictly execute the norms and regulations that are in place. Despite this, the most important information is presented every time.
The fact that such crucial information is entirely absent from CTL Markets’ website is one of the company’s most surprising shortcomings. This argument lends more support to our aim, which is to demonstrate that the CTL market is, in fact, a phony organization.
Is the CTL market providing realistic deals?
The CTL market does not hold back any of its allure in the hopes of luring in further investors. As a result, it asserts that it is offering a bonus of one hundred percent to its traders. These kinds of deals are most often offered by businesses in an effort to get a greater number of new clients to create accounts with them.
However, after an account is opened, the question of whether or not you will receive the bonus is one that cannot be answered because there are no evaluations from any former customers who can verify this information.
Once again, we have no choice but to rely on their statements, which we should not do because it concerns the money that we have worked so hard to achieve and which, if it were to be misplaced, would be extremely difficult to get back.
Is the CTL market offering fund safety plans?
A way to ensure that your money is in safe hands is by looking at the company’s fund safety plans. Reputable and legal companies provide detailed plans to assure their clients regarding how their funds will be protected by the company and in case of any unfortunate occurrence how they will provide refunds and withdrawals. As far as CTL markets are concerned, no such fund safety plans are shared on their website which raises many red flags against the company.
Such indispensable details are missing from the CTL market forum which greatly diminishes the status of this firm. Whether this information is left out on purpose or by mistake it nevertheless puts a mark on the CTL market’s professionalism and commitment to their work and it is indeed another sign for you to stay away from this company.
Is the CTL market supporting trial accounts?
Authentic trading companies typically offer a variety of education and training options for new customers to help them become familiar with the company’s trading practices. One approach to accomplish this goal is to make it easier for new investors by providing them with a demo account.
Before the investor can choose to invest with the company, they are given the opportunity to test the waters through the use of a demo account. This strategy not only assists seasoned traders in being familiar with the company’s operations, but it also assists novice traders in gaining an understanding of how things operate in the trading market.
On the other hand, only respectable businesses with complete faith in their operations will operate test accounts in this manner. On the other hand, dishonest businesses and individuals who commit fraud never offer these choices to their customers.
This is because the simplest way for them to steal money from other people is to simply let their customers register an account with them and deposit even the smallest amount possible. Therefore, the reason why the CTL market does not provide any kind of option for registering a sample account should be completely clear to everybody.
Should you invest with CTL Markets?
The short answer to this question worth a million dollars is an emphatic no. Always conduct business with reputable companies. Companies that do not just have any license but rather have a legal license that has been approved by a financial regulatory agency in the country where the company is located are considered to be legitimate.
If a company is legitimate, then virtually all of the other conditions are immediately completed. This is because a regulatory body acts as a watchdog for an investor and guarantees that your money is safe and secure. If a company is legitimate, then almost all of the other prerequisites are automatically fulfilled.