Beware! Market-token is an offshore broker! Your investment may be at risk.
Market-token Key Features
🔴 Market-token is a shady crypto exchange – a warning sign!
🔴 Market-token is completely unlicensed and running without any oversight – a red flag!
🔴 Market-token has none of its contact information available online – a red flag!
🔴 Market-token creates irrational expectations – a red flag!
Market-token Products and Services
Market-token is another crypto exchange that has popped up from nowhere. It is not a good one, or even a legitimate one, however. That much is clear to anyone who as much as sees the logo of the exchange, which is a direct rip-off of the MEXC exchange – a more popular and bigger company.
There are a lot of issues with such exchanges, which we will now briefly outline. The first is the fact that the decentralized nature of the crypto assets lends itself to scams too often – scammers set up these new and unregulated exchanges and lure people in with promises of fast and cheap transactions. However, it is incredibly dangerous to invest on such an exchange – that is because they are mostly designed to rid you of any of your money, be it via extreme fees, or outright stealing your assets.
If you have encountered a new exchange, be very careful – it could be a matter of life and death for your wallet balance. Not to mention the odds of the people behind the exchange being hackers – the consequences of that would be even worse!
Finally, there is a chance that the exchange is nothing more than a HYIP scam in a very thin disguise!
HYIP stands for High-Yield Investment Programme and these businesses usually promise higher ROIs (return on investment) than usual. In some cases, the offers are just ridiculous- up to hundreds and thousands of percentages per day, which certainly can't happen. To draw a comparison, even the wealthiest banks or investment funds are not capable of delivering more than 10% per year, let alone per day or week. Therefore, the products and services assessment suggests that you'll be at risk if you deposit.
That being so, it's worth considering trendy alternatives that can help you build an extra income, such as Forex brokers PAMM managed accounts, social trading or crypto services that may as well fulfil your investment needs. For example, many cryptocurrency exchanges already provide passive income opportunities like BTC and ETH staking but make sure to subscribe to well-known, proven networks.
Market-token Company and Regulation
Market-token is not a licensed company. That should be enough of a reason for you to stay away from the firm, as the vast, vast majority of firms that lack this kind of oversight are scammers. Stay away from them and stay safe, trading on legitimate exchanges!
The lack of regulation implies that the people operating this HYIP are working unchecked, meaning they can misuse or misappropriate your funds, eventually bearing no responsibility for their actions. To draw a distinction, regulated investment companies are forced by law to follow certain rules that guarantee the safety of clients' funds. For example, to get a license, a firm should meet minimum capital requirements that vary from country to country and may also depend on the product specification as there are many types of investments possible- stocks, bonds, mutual funds, banking products, fixed-income, retirements and so on.
In the US, the minimum capital requirement is 20 million USD, which happens to be among the heftiest in the world. Other than that, US financial services companies are also required to keep accounts segregated, thus ensuring that clients' money can't be exposed to unnecessary risks or stolen. However, it's worth noting that the US regulatory framework is very complex as there are numerous financial authorities, among which NFA, CFTC and SEC, to name a few, and all of these monitor companies in one way or another. The US markets may be tricky for the ordinary investor, so make sure to acquaint yourself with the environment before you've wasted money on potential scams like the one under review. And you'd better avoid unregulated investment businesses at all times.
Market-token Address and Contacts
| Address: | N/A |
| Phone number: | N/A |
| E-mail: | N/A |
Market-token has none of its contact information available – this makes sense for a scam company, because it means its victims cannot pursue legal action when they realize they are being conned!
When it comes to investing, transparency is crucial as you should know who's running the investment and where your money actually is. Legit firms always operate transparently and are bound by law to provide the public with basic corporate information, including addresses, contacts and legal documents disclosing all provisions related to the service. And our experience shows that it’s most probably a scam if you can't reach anyone over the phone given, can't validate the addresses or can't in any other way prove that the investment provider has the authorisation to offer financial products.
Market-token.com Website Info
| SimilarWeb Ranking | None at the time of writing |
| IP | N/A |
| Server Country | N/A |
| WHOIS Reg. Date | N/A |
| Registrar | N/A |
| SSL certificate | Valid |
| Owner | Redacted for Privacy |
| Administrator | Redacted for Privacy |
Is Market-token Safe?
Market-token is another scam crypto exchange. Stick to legitimate and renowned exchanges if you are to invest in crypto – otherwise, you will suffer huge losses!
Scam Warning
Dealing with HYIPs and other unregulated investment providers is not recommended for many reasons. Above all, the absence of regulation strongly suggests a scam as only regulated firms are authorised to provide investment services. As you probably guess, scams can't flourish in a strong regulatory environment, so you'd better think twice before you've deposited with unregulated investment schemes.
The authorisation is only granted when the firm complies with the requirements and standards, which guides how the entities should treat you as a customer and what sort of information they should give you. Each country's regulator maintains a register of licensed firms and the investment services that each licensee is authorised to provide. On the other hand, unauthorised firms aim to avoid complying with the controls that legal, authorised entities are subject to, thus leaving investors entirely unprotected. Needless to say, scammers want to get you totally unprotected, and that's why they always work without a license.
As for HYIPs themselves, many of these schemes operate precisely as a Ponzi because many investors can actually withdraw initially, but sooner or later, the service will inevitably close. HYIPs usually target traders and investors with little or no experience by promising fictitious investment opportunities said to deliver unrealistically lucrative gains. 10% or 100% per day certainly isn't a legit offer.
Jack
Hello, I think this is scam because.
My friend received an information of winning 0.194 BTC which is 7000$ and this is deposited on this marketplace “https://market-token.com/” and he registered in, the balance is correct BUT ofc he cant withdraw this balance, because the account firstly must be activated to the “USER” state. He uploaded his documents ID etc. and now the site wants him to deposit 0.01 BTC to earn the “USER status”. I guess if he would deposit 0.01 BTC that will be the goal which they mean. BE AWARE!