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Introduction to CTL Markets Review:
In today’s review, we will be providing our readers with a closer look at a brokerage firm that has been tossed into the suspect list of scams by the increasing amount of complaints on the internet. Claiming to be a luxury brokerage firm that provides the customers with top-notch trading opportunities, CTL Markets has a variety of suspicious aspects to it which we will be investigating today. Read the CTL Markets review to know more.
Name: CTL Markets
Address: Saint Vincent and the Grenadines
Leverage Offered: Not Disclosed
Minimum Initial Deposit: $250
About CTL Markets:
In this section of the CTL Markets review, we will be revealing all the red flags that point us towards the truth of the CTL Markets scam.
CTL MARKETS DOES NOT HAVE A LICENSE
The first and foremost red flag that needs to be discussed is that CTL Markets does not have a license. Upon scanning through their website, we came to know that CTL Markets has stated to be based out of Saint Vincent and the Grenadines. For those of you who are not aware, Saint Vincent and the Grenadines is one of the offshore zones famous for the huge number of scam brokers present there. One must never trade with a broker that is based out of an offshore zone and also does not have a proper license.
DOES NOT DISCLOSE LEVERAGE
Another red flag in this CTL Markets review is that the company does not disclose the leverage specification that they provide to the customers. CTL Markets goes a long way bragging on how their company offers the best trade opportunities to the customers but does not disclose the leverage offered. This is a sign of something fishy happening behind the curtains. Not disclosing the leverage points us to a potential ctlmarkets.com scam.
HUGE MINIMUM INITIAL DEPOSIT
The minimum initial deposit demanded by a brokerage firm plays a major role in deciding whether the brokerage firm is a potential scam or not. The regulated brokerage firms in the market generally demand a minimum initial deposit that lies below 10 dollars. This is because the regulations advise the firms to do so. However, as the scam brokers are not regulated, they have no need to adhere to the rules of the regulations, and therefore, these scammers try to extract a huge amount of money from innocent customers. In our case, CTL Markets demand a minimum deposit of 250 USD. This points us to the reality of the CTL Markets scam in this ctlmarkets.com review.
Conclusion: Is CTL Markets really a scam broker?
To sum up, all that has been stated above, we leave it upon you to decide whether CTL Markets is a scam broker or a legitimate one. However, we must warn you to stay away from CTL Markets as this brokerage is unregulated and is a potential scam. If you have been scammed by CTL Markets, we can help you. All you have to do is fill the form above. Read FPCMarkets Review here.
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