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Marlpark LTD Review – Don’t Let Marlpark LTD Scam Your Money
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On their website, Marlpark LTD claims that they offer their clients more than 150 trading instruments, 0.01min. lot, safe deposit, easy withdrawals, guaranteed privacy, and leverage of 1:400, but it is all a part of their investment scam.
Marlpark LTD is an unlicensed broker who is blacklisted by British financial authorities as a scam. No matter how attractive their offer might seem, seeing how we are clearly looking at a scam, you will not make any profits through them and furthermore, you will lose any money you have previously deposited.
If you want to get further acquainted with this scam broker and how their scam is perpetrated read the rest of our Marlpark LTD review.
Is Marlpark LTD Broker a Scam or Legit?
Marlpark LTD is an investment scam. Their site gives no information about whether they own a license or not and further investigation reveals that any licenses that they own are not legitimate.
These types of services cannot be offered without a license issued by an authorized regulatory body. The purpose of the license is to secure the financial assets of both the client and the brokerage.
Without a license, the client’s money is at risk, and any companies operating without a license are nothing more than scam brokers.
What Options Do Traders Have for Online Platforms?
The financial swindler has a built-in trading platform on their webpage. These kinds of platforms are lacking many options that the more advanced MetaTrader platforms offer to their users.
Marlpark LTD claims that they offer trading via the MetaTrader platform too, but they don’t specify which one. There are also no indications about where we can download the MetaTrader platform or how can we connect our trading account to the platform itself.
Seeing how the shady brokerage offers basically no relevant information that a trader might need, we can easily conclude that Marlpark LTD is not a legitimate broker and is in fact a scammer.
Does Marlpark LTD Offer Different Types of Accounts?
Talking about account types, Marlpark LTD has 5 different trading accounts to offer. Each account has a different minimum deposit, different trading instruments, and bonuses offered.
Scam companies often make various offers catered to the needs of different clients in order to get the most they can get out of every single client. The accounts offered are Beginner, Silver, Gold, Premium, and VIP. The minimum deposits for these accounts range from 250$ for the Beginner account to 50 000US dollars for the VIP account.
The benefits offered for the higher-ranked accounts are of course better as it helps entice clients to invest more right from the start. It is worth mentioning that regulated brokers usually offer a minimum deposit of 10US dollars or equivalent.
Market Instruments Traded by Marlpark LTD
As for the marketing instruments offered, Marlpark LTD allows its clients to trade forex, currency pairs, indices, and commodities such as oil, gold, silver, and other metals. They also offer trading with energies, agricultural commodities, and stocks.
No matter how good the trading conditions offered by the broker are, their trading instruments offer is still quite weak compared to other brokers. Even if their offer was better, investing with this company is a terrible idea as your money is not safe with them.
Deposit and Withdrawal Options at Marlpark LTD
Deposits can be made in several different ways such as Visa, Visa Electron, Master Card, Maestro, QIWI, and Cryptocurrency. Though depositing through debit and credit cards means you can file for a chargeback for up to 540 days after you have made your transfer, this doesn’t mean that it is safe to send your money to Marlpark LTD.
The company requires their clients’ personal data such as proof of identity by sending them a copy of your passport, driver’s license, personal ID, or other pertinent documents. They also demand their clients a confirmation of credit or debit card by sending them a photograph of the card with the owner’s signature. Besides this, clients also need to confirm their address with any paid utility bill not older than 3 months.
Withdrawals are supposed to be made through wire transfers, credit and debit cards, and cryptocurrency. All of this is simply more evidence that we are dealing with an investment scam.
How Can I Get My Money Back If Marlpark LTD Scams Me?
If you made your deposit through a debit or credit card you don’t have to worry too much. The money that you deposited can be returned as banks allow their clients to request a chargeback if the client was a scam victim. If you deposited your money through other means, the chances of your money being returned to you are significantly lower. In the unfortunate case that you made your deposit by cryptocurrency, getting your funds back will be quite a challenge due to transaction’s anonymity.
Marlpark LTD Summary
Besides being unregulated and therefore not a reliable broker that you should trust your money with, Marlpark LTD doesn’t even make such a good offer, to begin with. The trading software they use is outdated, the minimum deposit is way too high, there is no demo account offered, and withdrawal procedures are described very vaguely. All of these are pointing towards a scam broker who is absolutely not to be trusted.
Take care about where you invest your money less you want to be manipulated by a cheap advertisement promising you amazing profits.
FAQs About Marlpark LTD Broker
What Is The Minimum Deposit For Marlpark LTD?
The minimum deposit with Marlpark LTD is 250US dollars.
How Long Do Marlpark LTD Withdrawals Take?
The scam broker claims that withdrawals are processed within 24 hours or a few days depending on the way you deposited the money.
Is Marlpark LTD a Trustworthy Broker?
Marlpark LTD is most certainly not a trustworthy broker and we do not recommend cooperating with them.