These days, trading on financial markets has long since reached a new level and has become more digitalised and ‘compact’. Virtually anyone today can use their smartphone to regulate transactions, fill their investor portfolio and explore new sectors. It is much more convenient to do this under the guidance of a broker – an expert in the financial craft. This is exactly what the intermediary Markets Lab thinks of itself. Except that the reviews in the network speak about a lottery and scam-project, rather than exorbitant earnings with markets-lab.com. We offer to consider the activity of this firm under a microscope.
Broker’s website markets-lab.com
Let’s start our review from the most obvious point – the official website. Markets Lab is not distinguished by excessive creativity in design and filling of its ‘business card’. We can even say that the developers copied the resource, because it creates a feeling of deja vu.
Markets-lab.com does not offer a variety of language versions – only the English version of the site is available. One could refer to the broker’s desire to cover more clients on the global market, but everyone knows that real professionals are oriented on the client’s convenience and actively expand their functionality even in such things as the language of the web page.
Advantages of the company
On its website, the broker lists such advantages for clients:
- its own terminal, which promises to be ‘innovative’;
- a large number of analytical tools;
- multiplatform;
- availability of a training environment (real-time online webinars, e-books);
- increased level of protection of personal data of the company’s clients;
- Demo account is available;
- qualified personnel;
- large selection of trading accounts.
Markets Lab company legend
Markets Lab describes itself as a specialist who has been in the financial field for more than 5 years. The first check through WHOIS proves that the company is fake:
The date of foundation of the Markets Lab website, 3 December 2021, does not fit in with the fairy tale of long-term leadership. But these are not all the ‘punctures’ of the sucker.
In the ‘Contacts’ section you can find the ways of contacting the broker:
- mobile number: +7(045)4544545;
- e-mail: support@markets-lab.com;
Upon checking it turned out that the firm has no e-mail address, it is just a fiction to create the appearance of a prestigious organisation.
Working Conditions
The firm has created 6 types of accounts for working on the markets. Each client can choose a suitable one depending on his/her request:
- BASE – deposit from $250, weekly consultations, access to training ‘How to recognise trading signals’;
- BRONZE – deposit from $1000, consultations twice a week, three trainings;
- SILVER – deposit from $2,500, two-week training on trading;
- GOLD – deposit from $10,000, spreads from 1.7, consultations 4 times a week, personal strategy development;
- PLATINUM – deposit from $25,000, PAMM-accounts, support of analysts during the markets;
- BLACK – conditions are unknown, available only for VIP-clients.
It is worth noting at once that even the tariff with a minimum deposit of $250 is unaffordable for many novice traders. Not every trader is ready to part with such a sum. For beginners, this may be the only savings for investments, which they would not want to lose because of fraudsters.
You can trade with a standard set of assets: stocks, currencies, cryptocurrencies, indices and raw materials.
The training platform also exists only in words – in the corresponding section instead of books and videos there are only images with signatures of praised programmes. Perhaps, the content becomes available immediately after user authorisation.
Markets-lab.com platform
On the markets-lab.com website and in traders’ reviews about the company, the firm’s platform is noted. The broker describes the development as ‘…combines simplicity and sophistication to provide access to the world’s most volatile financial markets. Our information display provides one-click order execution and is equipped with the latest trading tools.’ At the same time, real clients of the intermediary state quite the opposite:
By the way, the network is full of other assessments of the broker’s service:
Legal regulation of Markets Lab
The broker does not have an official licence, but there is a whole set of rules of use directly on the website. All of them are in English and are aimed at the fact that clients will not read their meaning. These paragraphs are especially confusing:
They state that the company has the right to monitor clients’ messages, refuse to execute trades, does not vouch for the operability of the trading terminal, can freeze the broker’s activity at any time, and removes any responsibility for its actions.
What does this mean?
The company Markets Lab not only does not promise its clients adequate trading conditions, but also quite openly takes away their last savings. Trading at markets-lab.com is definitely associated with the risk of losing money, which is indicated by many factors. Therefore, it is not recommended to consider cooperation with this office.