Tezos Markets Key Facts
🔴 Tezos Markets offers questionable investment opportunities – a clear sign of a scam!
🔴 Tezos Markets forges crucial contact information – beware!
🔴 Tezos Markets lacks a license for the provision of its services – a huge red flag!
🔴 Tezos Markets' domain has been registered rather recently – another off-putting detail!
Tezos Markets products and services
Tezos Markets offers what many online scams do – incredible profits on your investments, as the company can supposedly secure returns on over 3% daily. This is, of course, much more than any legitimate financial institution can bring you – but Tezos Markets is not one, as it is simply trying to pocket your deposit.
People should always be cautious when dealing with businesses offering enormously high yields because it's scammers' trait to promise big and create unrealistic expectations. In reality, regulated financial companies cannot secure more than a few percents annually with their fixed-income products. There is a huge discrepancy between these offers and the regulated companies standards. Judging by the products and services they sell, we suspect it's a scam, so beware.
Tezos Markets company and regulation
Tezos Markets is not a licensed company – though it provides us with two different addresses, one in the UK and one in the States, the company was not present in either of these locations' regulatory databases.
The US financial services regulation is very complex in the USA. Derivatives markets regulation is a responsibility of CFTC and NFA. Forex brokers and most of the investments companies have to be NFA members and CFTC registered to operate in the USA. On the other hand, securities markets are controlled by the SEC, a government independent agency responsible to maintain the integrity of the financial markets.
While SEC focuses more on the procedure regulation insisting on financial reports and management discussion and analysis, NFA and CFTC impose pretty straightforward requirements. To become authorised the companies have to provide 20 million USD in paid-up capital, which is considered a guarantee that the businesses can survive in turbulent times and pay whenever they have to.
Other customer protection measures include clients’ accounts segregation and leverage restrictions for forex brokers- 1:50. Also, CFTC brokers’ clients are not allowed hedging, which is one of the very unique US features. Unfortunately, the cryptocurrencies regulation is still inept, so traders and investors should be wary when dealing with crypto offers.
Tezos Markets address and contacts
Tezos Markets does provide us with an abundance of contact information – here are the details on its UK office – Bow Bells House 1 Bread St London EC4M 9BE UK, +44 758-888-1491. And here is the company's US address – Four World Trade Center 4 Greenwich St New York NY 10007 USA. As we mentioned before, the company is not licensed to deal in any of the two countries – so how can it have an office in either of them?
Transparency is crucial when talking about brokers and investment companies, and it's part of the regulatory framework. The regulated companies are open to financial authorities following certain transparency rules, so it's generally unlikely to conduct fraudulent activities. They are also bound to provide the public with crucial information about themselves, making it easy for traders and investors to confirm the company's legitimacy.
Tezos Markets website info
Tezos Markets' domain has only been around since July 2020 – this makes it slightly over 6 months old at time of writing. Of course, such young domains are a sign of a scam, but Tezos Markets is incredibly unpopular too – SimilarWeb does not list it on its index at all. This undermines the claims of world acclaim that the company makes on its website.
Another disturbing sign is the continuous lack of transparency that Tezos Markets displays, as its owners have concealed their identities from WhoIs lookups. Finally, the company's domain is hosted on this IP address – 162.0.213.236. There are over 30 other scam domains on it, the ones we have reviewed available below:
Scam warning
We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority.
However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.
Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.