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Crib Markets

1 Review

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Bella

6 months ago

Wish I never traded here

Wish I never traded here, they locked me out of my account and wouldn't let me withdraw the $200k I invested. It was really hard, couldn't maintain my mortgage and had to sell my house. With help from a Professional, I was able to get back all my money. Reach out to me for help, if you’re facing the same situation. Susiebell2009 {at} gmail, com

Overview

The Crib Market, also known as Crib Markets, has been reported as a potentially fraudulent online Forex and CFD trading platform. Various sources have raised concerns about its legitimacy and practices, highlighting the risks associated with using their services.

Lack of Regulation: It's reported that Crib Markets is an unregulated broker. This lack of regulation means there's no overseeing authority to ensure fair practices, making it risky for investors as their funds may not be secure​​​​​​​​.

Scamming Tactics: Allegations suggest that Crib Markets employs persuasive tactics to convince individuals to make initial deposits with promises of high returns. Once the deposit is made, a pattern of deceit may continue to extract more funds from clients​​​​.

Difficulties in Withdrawing Funds: Clients have reportedly faced challenges when trying to withdraw funds from their accounts. The process is often delayed, and in some cases, clients may not be able to retrieve their funds at all​​​​​​.

Offshore Operations: The platform is described as an offshore broker, which typically means they are less reliable and have more flexibility to operate outside strict regulations. This can pose a significant risk to users' funds​​.

Recommendations for Victims: For individuals who believe they have been scammed by Crib Markets, it's advised to maintain communication with the platform, initiate a formal withdrawal request, and consider contacting their bank or credit card provider for a chargeback if payments were made through these channels. In cases of wire transfers, contacting regulatory agencies for Forex brokers in your country and preparing a detailed complaint is recommended​​​​.

It is crucial for investors to exercise caution and conduct thorough research before engaging with any trading platforms, especially those with reports of suspicious activities or lacking proper regulation. If you suspect you've been a victim of a scam by Crib Markets or any similar platform, taking immediate action and seeking professional advice is recommended.

This CritiScore review provides a comprehensive overview, assessing whether Crib Markets is legit or a scam, and offers insights into Crib Markets's performance.

Date published: 8th January, 2024