Note: Nasdaq-Markets official site - https://Nasdaq-Market.trade/ Website is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What is Nasdaq-Market？
Nasdaq-Market, an online trading service provider originating from China, offers a platform for individuals interested in the financial market. However, it's important to note that their website is currently not accessible, which complicates efforts to substantiate its authenticity or understand its regulatory status. Concerningly, it has been suggested that the broker isn't presently regulated by any known authorities, raising some flags. With 7 reported cases of scams and withdrawal issues on WikiFX, there are critical concerns regarding security and customer protection.
This article aims to analyze this broker in various aspects to present a concise, structured overview. Should it pique your interest, feel free to delve deeper. A brief summary will also be provided at the end, offering a quick snapshot of the broker's features.
Pros & Cons
Nasdaq-Market currently have more challenges than advantages.
The most glaring issue is that it's not regulated by any known authorities, which raises critical concerns around security, legality, and client protection. Their lack of transparency, amplified by a dysfunctional website, creates obstacles in accessing key information about the company. Adding to the skepticism, the broker has garnered negative reviews from their clients about scam and unable to withdraw, which can indicate unsatisfactory service or trustworthiness related issues. Also, their customer support appears to be limited to email only, posing challenges for clients in need of assistance.
There seems to be no identifiable pros at this time, indicating a need for caution when considering Nasdaq-Market as a trading platform option.
Is Nasdaq-Market Safe or Scam？
When considering the safety of a brokerage like Nasdaq-Market or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:
Regulatory sight: The fact that the broker is not regulated by any recognized financial authorities indicates that there's no assurance of its safety as a trading platform. In addition to this, the broker's official website is unresponsive, suggesting possible abscondence. These factors substantially heighten the risk associated with investing through their platform.
User feedback: The presence of 7 documented cases on WikiFX revolving around claims of scam and withdrawal issues should not be overlooked and can serve as potential red flags. Therefore, it's wise to undertake thorough investigations and due diligence prior to devoting any resources to a broker or investment platform.
Security measures: So far we cannot find any security measures info on Internet for this broker.
Ultimately, the decision of whether or not to trade with Nasdaq-Market is a personal one. You should weigh the risks and benefits carefully before making a decision.
User Exposure on WikiFX
Our platform, WikiFx, has recorded 7 instances where traders were unable to withdraw their funds and scam, which is a serious matter that serves as a substantial caution. We advise all traders to thoroughly examine all relevant data before putting their hard-earned funds at risk. Our platform aims to provide an extensive database, assisting traders in making well-informed decisions. Should you unfortunately come across fraudulent actions by brokers, or fall prey to such incidents, we strongly urge you to share your experience through our 'Exposure' section. Your contributions are highly appreciated. Our specialized team is dedicated to addressing these concerns and will endeavor to work towards finding a solution for such troubling circumstances.
Customer Service
When it comes to available channels of customer service, Nasdaq-Market's options appear to be quite limited. Currently, the platform only includes email as a mode of customer support. This restriction in communication resources could potentially affect the efficiency and immediacy of their customer service, posing potential challenges when clients need urgent assistance or have important inquiries.
Email: mail@ Nasdaq-Market.trade.
Conclusion
Headquartered in China, Nasdaq-Market provides trading services to a global customer base. However, upon detailed examination, several troubling issues arise. Foremost amongst them is the broker's lack of regulation - a distinct red flag indicating the absence of customer protection safeguards that usually come with regulatory compliance.
Moreover, factors such as an unresponsive website and insufficient customer support hint at a concerning lack of professionalism and thoroughness, thereby drawing the platform's credibility into question. Combined with a dysfunctional website and seven reported cases of withdrawal difficulties, these indicators increase potential misgivings.
As such, prospective clients considering the use of Nasdaq-Market are advised to proceed with extreme caution. It's strongly recommended that they explore other broker alternatives, ideally ones that are transparent concerning their regulatory status and prioritize security and accountability. To ensure the safety of their investments, clients should always select trading platforms that adhere to the highest professional standards.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
CJDJ
Taiwan
I met a friend on Facebook and learned about this platform app through chatting. I invested in the Nasdaq Composite Index gold futures and traded through this platform. However, when I wanted to withdraw the entire principal and profits, I couldn't do so smoothly. As shown in the picture below, they requested more money before allowing me to withdraw. It has seriously affected my life.
Exposure
2024-09-29
a841
Taiwan
In the beginning, he chatted with me on IG, asked to add me on Line. And then he encouraged me to invest after gaining my trust. Let me see his money-making statement first. At first, they asked me to invest and transfer with a small amount of money. Later, a foreign currency broker was introduced to me to invest with a larger amount. They trade USD and Oil futures, but mainly USD. The fraud group claims to have software that cost five dollars a month, which can predict and suppress the rise and fall. If the prediction is correct, the profit will be 8%, 16%, 36% and 50% respectively according to the principal. During this time they kept asking me to invest all my money. When I have no money and wanted to withdraw money, they wouldn't let me withdraw, and they all blocked me. The balance became 0, and I lost tens of millions. I'm really desperate...
Exposure
2024-05-10
寶6723
Taiwan
I met this guy on IG Later he said he would teach me how to invest The first time I invested 32,000 I earned 36,000, and I asked the other party to teach me how to withdraw it. I didn’t have any transactions that day but I was able to withdraw successfully The second time the other party asked me to use credit Then the money I borrowed was converted into virtual currency in installments. Then enter the trade on 11/26 I have not withdrawn the amount after the transaction. On 11/28, the other party started to borrow money from me. When I wanted to give the other party the money on the platform, he was unwilling. I started to have doubts I started trying to withdraw the money in the early morning of November 29th But the withdrawal keeps failing On the morning of 11/29, customer service said that withdrawals cannot be made without transactions. If you want to withdraw money, you must earn half of the balance before you can withdraw it. I just found out this is a scam This morning the boy suddenly sent me a photo of his ID card But I never gave him my personal information. So I suspect that the other party is someone on the platform He got my profile from the platform
Exposure
2023-11-30
Daniela 6248
Colombia
I went to work with them, as you can see in the photos, they never told me anything about what could happen or that I had to pay taxes, that if I was late with the order my account would be closed, they only asked for more money to be able to solve it first, I invested 20 thousand later. 260,000 thousand then 420,000 then 1,700,000 thousand I completed the order and it didn't let me withdraw my money because I had to pay taxes I sent the tax money which was 1,450,000 now they came out saying I couldn't withdraw because I was delayed with the order and I had to send 1,500,000 more to open the account when I started they never asked me for money to open the account now if I ask them to please help me I have 3,950.00 invested thank you very much.
Exposure
2023-09-03
danghoach
Vietnam
Neither specialist nor customer service, they do not allow customers to withdraw.
Exposure
2023-07-26
Yuni9216
Taiwan
One day I meet him on WeChat, chatted with him for a day or two, and then started a general chat. Later, he knew that I was in debt and tired from work, he taught me how to make money. It was fine at first, but then he told me that there was a newcomer activity that I could participate in. I didn't see clearly and I chose a plan, that is, to recharge 30,000 US dollars. I scraped together, and there was still a shortfall of 14,061 US dollars, and he deposited 15,000 US dollars into my wallet. The next day I said that I would return the 15,000 US dollars, but he said it was not urgent. A few days later, he told me that he needed the money urgently and asked me to withdraw it, and I didn’t withdraw all of it and only withdrew 15,000 to him, but for some reason, the review has not passed, so I went to ask the customer service and the customer service told me that because there was they found a recharge by someone else, so all my funds were frozen, and I had to recharge 15,000 US dollars to unlock my account and his.
Exposure
2023-07-19
FX4142431324
Malaysia
Attract investment with super high profits. Asking me to pay a higher amount than the principal when I ask for the withdrawal. They have been urging me to deposit the money, I decisively give up the 100 US dollars, and at the same time, I will give up the 100 US dollars
Exposure
2022-03-16
༺།༼࿄࿆丁丁࿅࿆༽།༻
Hong Kong
Unable to withdraw. Waiting list was too long. I could not receive it.
Exposure
2021-10-14
FX1398294782
Nigeria
I have experienced being scammed for more than 3 time from last year till this year July....I invested 20000NGN from Nasdaq Queen n my profit was gonna be 110000 NGN in 7 days of trading...When I was supposed to get my money she told me that I should pay for the "Margin fee" to get my profit because it has increased for more that what was expected...And I deposited 14000NGN I waited till today and never got my profit and money back and she block me on Facebook n WhatsApp**
Exposure
2021-08-16
「纳」
Hong Kong
They said that I made too much profit, I invested 6,000 yuan and made a profot of 68,800 yuan. When I made a withdrawal, I was asked to pay 20% of the personal income tax. After paying, I said that I did not operate it and asked to pay 2 more security deposits. In short, I was asked to pay money all the time
Exposure
2021-02-01
Tiny Princess
Spain
So far, the trading experience using the platform is very good, the trading process is smooth, and there have been no serious bugs. But I was always worried about the safety of my money because the company was not regulated.
Neutral
2024-07-03