Established in Malta in 2002, Bet On Markets is an unregulated online financial betting company. It offers various betting services, including betting on forex pairs, UK and US stocks, and indices.
Pros and Cons
Is Bet On Markets Legit?
Bet On Markets is completely unregulated and holds no legal license from any oversight institution. In addition, the company operates in offshore regions, as stated on its official website. Therefore, it is subject to virtually no legal constraints. Please be cautious and avoid dealing with this company.
What Can I Trade on Bet On Markets?
As an online betting provider, Bet On Markets offers financial betting on a range of forex pairs, UK and US stocks, and major global indices markets. Despite the variety, you should never consider investing any funds in an unregulated company.
Account Type
On Bet On Markets, you can open both a real and a virtual account. In addition, you can become a VIP member by making a deposit. However, these are all bait to lure you into a scam.
Once you open a demo account, the company will consistently offer you high profits, making you believe that if you open a real account, you will truly earn that much money.
When you open a virtual account and place a bet of atleast $5, while $5 may not seem like a lot, many scam companies start by deceiving you with small amounts of money. They first give you small returns, and once you think you have the ability to earn high profits and start investing large amounts of money, they will slowly stop you from making any profits and you will lose all your assets.
As for VIP members, it's just another way to scam money. They will offer you some seemingly attractive rewards, but in reality, they are just traps to keep you deeply involved in their scams and unable to extricate yourself. Gambling can be incredibly addictive. Before you know it, you might find yourself unable to resist the urge to invest all your savings. Therefore, it's wise to avoid it altogether.
Deposit and Withdrawal
Bet On Markets accepts a wide range of methods to make deposit: Debit Cards, Credit Cards, e-Gold, Goldmoney, Nochex, Neteller, Wire Transfers, Bank Drafts, Western Union and Money Gram.
There is no charge for opening an account and the minimum deposit varies according to each deposit method. For example, the minimum deposit with e-Gold is $10, while the minimum deposit with a Credit Card is $20.
2023-03-15 14:40
