- Legendary Markets: is it possible to withdraw funds from a scam broker
- Brokers cheaters Legendary Markets. Site analysis
- Fraudulent broker Legendary Markets: licenses, registration
- Brokers (scam) Legendary Markets. Trade offer, tariffs
- Real Reviews of Legendary Markets Fraud Brokers
- Conclusions: Legendary Markets scam broker, how to get back lost money
Legendary Markets offers us to learn, trade and invest on the most favorable terms. The guys have British roots and a long history. And why we decided to send them to the black list of fraudulent brokers - we will tell in this review.
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Legendary Markets: is it possible to withdraw funds from a scam broker
Brokers cheaters Legendary Markets. Site analysis
The Legendary Markets website is based on a generic template with a nice "clean" design, which is the only advantage of this creation. Recently, we have already described something similar on binarybets.ru, so we will not go into too much detail. You can read about a similar project in our reviews. Let's just say that an independent service offered the lowest possible price tag for the site.
The main and almost the only page of this undersite includes the following blocks:
- a header with a logo, USP and menu (trading, answers to questions, contacts, training, language change, login and registration buttons);
- the benefits, or why you should choose Legendary Markets;
- company in numbers;
- a call to trade on an innovative trading platform;
- presentation of available instruments for trading and investing;
- examples of companies in whose shares you can invest;
- tariff plans;
- feedback form.
The footer contains a duplicated menu, logo and a list of countries where the company does not trade with residents.
At the very bottom, in small letters, information is given that the company is registered in the UK, has licenses from the FCA and the British Virgin Islands. For a long time we did not come across happy owners of the BVI FSC license, so let's check how much this information matches reality.
Fraudulent broker Legendary Markets: licenses, registration
We remind you that the information voiced in our reviews is our personal opinion based on an analysis of information about the company that it provides itself, its customers and independent services. If you have experience in this project - share in the comments.
We started our check with contact details. The company claims to be registered in London.
However, at this address, Google maps led us to a crossroads. Everything is clear - our heroes do not want to shine once again, preferring to remain romantics from the main road ... From the crossroads.
Next - the most interesting. The company claims to be regulated by the FCA (UK) and BVI FSC (British Virgin Islands). The broker also provided a registration number in the United Kingdom.
We checked the registration and UK license. However, we did not find any information, either by company number or by name, in the databases.
As for the BVI FSC regulator, it is worth noting that it is quite easy to obtain a license there. You don't even need to open a local office for this. It is enough to open an account in a reliable bank (at the same time, the requirements for the reliability of the institution are quite simple), insure the activity, provide a financial report and constituent documents. The regulator does not have such a thing as unscheduled inspections, online control of transactions. Documents are issued in the shortest possible time. And taxes will be the lowest.
However, judging by the fact that we did not find our heroes in the controller database, they do not even meet such elementary requirements.
Although, even if they had this license, it would not play a special role for our traders. The level of risk insurance among the clients of this regulator is close to zero. Therefore, the presence of a piece of paper from BVI FSC performs more of a symbolic and marketing function. At the same time, all brokers working with our traders are required to have a license from the Central Bank of the Russian Federation, without exception. And Legendary Markets just didn’t have it.
And finally, let's talk about the age of the company. Legendary Markets has quite an eventful history that goes back over 100 years. In 2009, the office acquired its current name. And since 2014, it has entered the public sphere.
But the domain of their site was registered no earlier than June 2022. As evidenced by the result of checking the age of the domain name, which we attached as a screen at the beginning of the review.
It turns out that we have a completely anonymous company that lies about its age, registration and regulation.
Brokers (scam) Legendary Markets. Trade offer, tariffs
Legendary Markets was founded in 1919 and was engaged in lending and auto insurance. They later moved into mortgage lending. And then they became a private investment company.
Among the advantages of the office:
- reliability and regulation;
- favorable terms of trade;
- minimum commissions;
- user-friendly interface;
- maximum leverage 1:500;
- minimum spreads;
- ultra-fast execution;
To get started, you need to go through a short registration. And choose a tariff plan. The minimum investment amount for these comrades is quite large. But you are trading with a legendary investment company (no).
We think that the arguments that we have given above are enough to close the tab of the Legendary Markets project and forget about them forever. And if not enough, you can get acquainted with the "successful experience" of cooperation from the already fooled victims of these scammers.
Real Reviews of Legendary Markets Fraud Brokers
There are quite a few reviews about Legendary Markets. This once again indicates that the office could not have appeared for a long time. Below is a screenshot with one of the real comments we found about the activities of Legendary Markets.
Is it possible to get money back from a fraudulent broker? This procedure is extremely complicated both legally and financially. Therefore, it is easier to prevent the loss of assets by reading our reviews and checking the information that companies publish. If you have been deceived by the Legendary Markets scam broker, leave comments below this article. Perhaps it is your review that will save someone from losing money.
Conclusions: Legendary Markets scam broker, how to get back lost money
Summing up the results of our investigation, we will list the signs of a scam, which were caught by Legendary Markets scam brokers:
- cheap, uninformative site;
- lack of registration, regulation;
- false information about achievements and documents;
- absence of a broker in the database of the Central Bank of the Russian Federation;
- negative feedback.
We do not pretend that what is written in our reviews is perceived as the ultimate truth. But we only list the main signs that define scammers.
According to the results of our examination, withdrawal of funds from a fraudulent broker Legendary markets - impossible. Therefore, we do not recommend cooperation with him.
If you don't know how to get your money back from Legendary Markets scam broker, fill out the form at the beginning of the review. We will send a step-by-step, illustrated algorithm of actions to your contact information, which will help you get a refund from a fraudulent broker.