Before Trading with EBS Market, See if EBS Marketis the Right Broker in this EBS Market review and Why It’s on Our Broker Alert List
Before you consider trading with EBS Market, it’s important to evaluate whether this broker is the right choice for you. EBS Market has been flagged on our broker alert list due to several red flags that suggest potential risks for traders. This comprehensive EBS Market review will assist you in making an informed choice. For more information on the main issues with this broker, see the EBS Market review.
Website: https://ebsmarket.org/
Website Availability: YES
Official Address: Broadgate London, EC2M 7UR United Kingdom
Warned By: Financial Market Authority (Austria)
Warning Date: 07 Jan 2025
Warning Description:
On January 7, 2025, the Financial Market Authority (FMA) of Austria issued a warning against offerings by EBS Market. The regulator cautions the public about engaging with this entity, as it may not be authorized to operate within the Austrian jurisdiction.
Domain Status:
Name: primequotes.io
Registry Domain ID: 12652a7f19b547388976f74bab754aa2-DONUTS
Registered On: 2023-06-09T12:12:11Z
Expires On: 2025-06-09T12:12:11Z
Updated On: 2024-06-03T11:00:14Z
Key Points to Consider When Deciding if a Broker is Reliable or a Scam
There are important considerations to make when reviewing any broker, including EBS Market, to determine whether the broker is trustworthy or potentially fraud:
- Regulation and Licensing: One of the most important factors in assessing a broker’s dependability is their regulatory status. A dependable broker should be licensed by established financial authorities like the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), or the U.S. Commodity Futures Trading Commission (CFTC). Without these licenses, brokers operate with little oversight, raising the risk of unethical practices and financial loss.
- Customer Reviews and Reputation: Feedback from existing or former clients presents valuable insights into a broker’s reputation. Dishonest brokers often fabricate reviews or manipulate feedback to create a deceptive image. If the reviews are excessively negative or seem too positive to be credible, they may not be genuine.
- Withdrawal Issues: A common red flag with fraudulent brokers is their reluctance or refusal to process withdrawals. Difficulty in accessing your funds could indicate that the broker is untrustworthy. Always confirm that withdrawing funds is straightforward before engaging in trading with any broker.
- Clone Websites and False Claims: Scammers frequently replicate websites that closely mimic legitimate broker sites to deceive traders. Exercise caution when encountering websites that offer similar services without clearly stating their regulatory credentials.
- Hidden Fees or Charges: Fraudulent brokers may have unclear or hidden fee structures that make it difficult for traders to understand the cost of trading. A transparent and fair broker will provide clear details about any fees or charges before you make any commitments.
Claim a Refund from EBS Market?
- Gather Evidence: Keep detailed records of all your communications with EBS Market, including emails, chat logs, and screenshots of your account activity.
- Chargeback Process: If you made payments using a credit card or other secure methods, you might be able to request a chargeback. A chargeback can reverse the transaction, potentially helping you recover your funds. Contact your bank promptly to initiate this process and inform them about the suspected fraudulent activities of EBS Market.
- File a Complaint with Authorities:
If a chargeback is unsuccessful or not an option, the next step is to file a complaint with the appropriate authorities. Regulatory bodies can investigate and take action against brokers who operate without proper licensing or engage in fraudulent practices.
Why EBS Market is Under Scrutiny – Broker Alert
Several issues have brought attention to EBS Market, such as its lack of regulatory oversight, poor user experiences, and other issues raised by traders. You should be cautious when dealing with brokers who don’t provide enough details about their business operations or regulatory status.
At Fraud Complaints, we are dedicated to assisting individuals who have been misled by fraudulent brokers and other deceptive schemes. Our team of experts works to help victims and provides a free consultation.
Be aware of other potential schemes in the trading world, such as Forex Trading Scams, Cryptocurrency Scams, Pump and pump-and-dump tactics, Investment Deceptions, Fake Trading Platforms, Phishing Attacks, Binary Options Deceptions, and more. If you have fallen victim to any fraudulent schemes, including those related to EBS Market, take action immediately to protect your funds.
If you have already fallen victim to EBS Market fraud, take quick steps to recover your money. While the process can be tough, patience and completing the proper steps can improve your chances of receiving your money back from EBS Market.
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Note: The EBS Market review is influenced by some existing EBS Market reviews online and we have created an original EBS Market review based on known facts. We are not responsible for any legal actions taken by any entity favoring EBS Market company.