status-mark.com Status Markets

INFORMATION AND HIGH RISK WARNING: Trading with foreign exchange(FX), contract for differences(CFDs)

This is another broker allegedly owned by MarCo Global projects LTD although we can find no mention of this company anywhere except on warning sites citing them as scammers. They are claiming they are limited in the Marshall Islands but we were unable to confirm this.

Status Markets do not appear to be a legitimate firm in any way. They have no address, no website (other than where you make a deposit) and no phone numbers. If you click the 'contact' link on their website a box appears with:

This website is owned and operated by MarCo Global projects LTD, registration number 106690, which is located in Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands, MH 96960

 

And nothing else. Under their terms and conditions there is an email address: docs@statusmarkets.com but that's all.

The small print at the bottom of their website says:

INFORMATION AND HIGH RISK WARNING:
Trading with foreign exchange(FX), contract for differences(CFDs) and precious metals carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure.Before you decide to trade foreign exchange or contract for differences, carefully consider your investment objectives, experience level, and risk tolerance.
LEGAL DISCLAIMER:
Forex trading entails significant risks and is not appropriate for all investors. The possibility of incurring substantial losses should be taken into account.It is therefore important to understand the possible consequences of investing. Traders should weigh their earning potential against the risks involved and act accordingly.

This website is owned and operated by MarCo Global projects LTD, registration number 106690, which is located in Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands, MH 96960

They have an ISO 9001 mark:

But we can find no evidence that they have ever been registered as such.

They mention some contact details:  ADDRESS: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands, MH 96960 PHONE: +442080979112 EMAIL: support@statusmarkets.com But these contact details are only repeated on a site called yenino.com in Arabic.

Their actual front page appears to be on a different domain to avoid association with where you deposit you money, but the theme and graphics remain consistent: https://statusmarkets.com/ as well as the address.

According to this website, the withdrawal process is an uncertain agreement:

When you deposit or withdraw money for trading purposes using alternative payment methods, you should be aware that additional fees and restrictions may apply. Client may be required to present additional information and documents.

So which documents you will have to provide and what fees you have to pay remain a mystery, but it seems obvious that they will be sufficient to delay and add cost to such an extent that you will be unable to withdraw your funds for the length of your association with this firm.

Whatever the case, the site accepts users from Canada, where CFD options trading is outlawed, as is the action of soliciting CFD trading to citizens:

 

VERDICT: STATUS-MARK.COM & STATUSMARKETS.COM ARE A: SCAM !!

Do not deposit any money with this company.

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