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Platin Market is a platform that you should stay away from. The company assures investors of 99% accuracy in their trading activities. Unfortunately, expert traders flag this firm as untrustworthy. Moreover, the venture is operating illegally.

Platin Market Review, Platin Market Company

They have 6 trading accounts. Investors can choose what best suits their needs. The broker is allegedly trading forex, commodities, and cryptocurrencies. All of the above are volatile assets. Therefore, we don’t know the platform’s strategy to win most of its trades.

The company claims it helps investors trade with honesty. Platin Market features banks that get liquidity. Some of the currency pairs that investors can exploit are; AUDCAD, AUDEYR, AUDCHF, AUD GBP, CADAUD, AUDNZD, AUDJPY, etc.

All you need to attain financial freedom is to open a trading account. The broker also avails the latest news to clients. It keeps customers at toe with what is happening. Moreover, this entity also has a trading bonus for investors.

Legit investment forex brokers don’t offer such lucrative. The financial regulators protecting investors do not permit them. This is due to the fact there is always a trading volume that one must meet. Scammers use this tactic to hinder withdrawals.

Platinmarket.com Review

Platin Market is a scam that is operating unethically. Once you complete the registration process, they don’t verify your email. Such mistakes are unheard of with legit ventures.  Additionally, the venture brags’ success rate is another ploy to trap investors in their system.

The financial entity is a clone that steals the data of a legit company. The entity is targeting both veteran and novice traders. Nonetheless, you will never find expert clients wasting their valuable time in a dirty scheme.

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Additionally, the broker fails to disclose the people dealing with investors’ funds. Platin Market lacks all the great features of an investment scheme. Trusting them with your funds will land you in more trouble.

We suggest that you analyze a broker first before investing your hard-earned money. The safety of your money should be your main concern. There are many companies in the market claiming to be the best. Unfortunately, it is only a few of them that provide their performance reports.

Do not be quick to jump to the very entity that presents itself. Fraudsters have a great marketing strategy, but when it comes to providing prove they shy away. The best thing is to avoid them and find reputable entities.

Trading Conditions and Accounts

The least amount that you can deposit at Platin Market is 250 EUR. The basic account has pro webinars, reviews of the market, price notification, and educational services. The Bronze plan has all the above features plus an expert introduction session.

An A10% bonus is available in the Silver account. Additionally, the Gold package has a 20% bonus, private sessions with expert account managers, strategic analysis to help clients win traders, and 2 live webinars.

Platinmarket.com Review, Platin Market Accounts

The lucrative bonus keeps increasing with the advance account that one chooses. The Platinum account has a bonus of 30%, while the Diamond package has a 30% bonus. Furthermore, the spread that Platin Market offer ranges from 1 pip up to 1.2 pips.

The EURUSD currency pair has a spread of 0.1. However, considering that this is a proven fraud, we don’t recommend trading with them. Invest with licensed entities with tight spread. It keeps the cost of trading low. The leverage can go up to 1:1000, which is very risky.

There is a possibility of winning big returns. However, when things go south, you will suffer huge losses. Newbies should trade in the low cap to familiarize themselves with trading. Moreover, the UK financial watchdog permits leverage of 1:30. It shows that Platin Market is not a legit United Kingdom broker.

Which Trading Platform is Available for Investors?

Despite the venture being shady, they avail an MT4 trading interface. Additionally, they also have a web trader. Unfortunately, the MetaTrader4 belongs to a third-party entity. Furthermore, considering that the company is illegally in the business, we suggest you keep off.

Withdrawal and Deposits

Platin Market claims it accepts funds via Bank Transfer and credit card. The reality is far from their statement. The only mode of payment is via e-wallet-payment and GameChangers. These methods are shady and don’t allow investors to issue a chargeback.

The minimum amount to cash out from this entity is $100 for other payment methods, while for wire transfers is $250. Legit brokers will let you cash out any amount of money without restrictions.

Additionally, the transaction fee is very high and proves this broker is only after investors’ funds. You need to pay $50, which is unfavorable. Inactivity of 3 months also subjects investors into paying more. The entity is taking 10% every month from their customers. They don’t reveal the requirement to cash in bonuses. Avoid them at all costs!

Platin Market Contact Details

You mind be wondering where this scam is operating. Well, Platin Market features two addresses on their website. One is from the United Kingdom and the other one from Ireland. There is a company registered in the United Kingdom via their details.

Investors can contact the support via email or phone. The reallocation of the entity remains a mystery. Moreover, given the nature of this scheme, we suspect investors will not keep a professional relationship with their clients.

Ponzi scheme will only respond when it is relevant to them. Any problem that you might be facing, you have to resolve it by yourself. Instead of wasting your valuable money with this scheme, we suggest finding an entity with quality customer services.

Regulatory Status of Platin Market

The FCA does not allow this entity to operate on its soil. Nonetheless, the scam claims to be operating legally. They even provide a pseudo regulatory body document. The entity is allegedly regulated by Lebrn.com (“Latvia Euro Broker Register Number”). We have never heard of such a body until now.

Platin Market is a company that will do anything in its power to win the trust of investors. They even lie to get their hands at investors’ hands. The regulatory body in the market enforces strict rules to protect investors against dealing with fraudsters.

It is for your own good to deal with licensed entities. The trading conditions are ideal, and the venture observes transparency. If you deal with UK-regulated entities, you stand a chance of being compensated when the firm faces bankruptcy.

The Domain Insight

Platin Market is a company that gets its audience mainly from Greece. The firm has a global engagement of 1,843,828. The venture made its first digital footprint in December 2020. It seems their objectives are working in their favor.

The entity registration is expected to expire in 2021. This is another sign that the entity does not plan to stay around for long. Invest with a company that has a trading history if you want to make money.

Final Verdict

Platin Market is operating from God know where. The venture is an outlaw that does not care to acquire a license. Additionally, the trading conditions of the firm are unfavorable to investors. You will only get yourself to more danger if you choose to invest with them.

Invest with the best forex trading companies that provide a genuine leverage. These ventures are genuine and reputable. You can earn a decent amount of money. They also operate in transparency.

Is the withdrawal requirements of Platin Market ideal?

No, the minimum amount to withdraw is high compared to legit ventures. Additionally, the inactivity fee is absurd.

Does Platin Market has a license?

No, the company comes up with a pseudo regulatory body. They are operating illegally from the UK, which is a big red flag.

Are the trading conditions of Platin Market favorable?

Sadly, this venture offers leverage of 1:1000, which is risky to traders.

Does Platin Market has a trading history?

Unfortunately, this broker has been in the market for months. They also don’t have trading results.

Naabiae Nenu-B is a Medical Health Student and an SEO Specialist dedicated to flushing the web off fake news and scam scandals. He aims at being "Africa's Best Leak and Review Blogger" and that's the unwavering stand of Xycinews Media.

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Is minttrex.com Scam or Not?

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Review

Bitcoin had a unstable Tuesday, for a short time

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Bitcoin’s near 50% reduction from all-time highs surprised analysts as China’s crackdown fueled bearish sentiment. Bitcoin had a unstable Tuesday, for a short time it was dipping below $30,000. That was for the first time since January before settling around $33,000 at press time. The world’s largest cryptocurrency by market value, is Bitcoin.  It is still up about 11% year to date, according to CoinDesk 20 data.

“The primary reason for the sell-off has been the crackdown in China on mining operations and banking services,”. The analyst at multi-investment platform eToro who is Simon Peters, talked about this.

Regulatory forces from China is always a very big problem for cryptocurrencies. Which is why the near-50% reduction from all-time highs surprised some analysts.

“The news out of China regarding mining and trading crypto may seem dramatic to newer investors, while those with experience should used to the progression of this news over the past several years,” . This was by Sean Rooney, head of research at crypto asset manager Valkyrie Investments.

The effect of regulatory crackdown

Maybe an exasperated regulatory crackdown was not fully priced in given how the price of bitcoin almost doubled over the past year.

“Today we polled our 950+ person community to gauge their opinion on where the bitcoin bottom may be, and we received split answers for $28,600 and $25,500,” . Nick Mancini wrote about it. He is also the research analyst at crypto sentiment data provider Trade the Chain.

In addition, others stay more hopeful and confident about the future, where bitcoin’s price is going. “Bitcoin is currently trading approximately one-third below its long-term exponential trend line,”. A phenomenon that it has only exhibited for 20% of the time in bitcoin’s history, according to Stephen Kelso.

As the head of markets at ITI Capital said. “Given the market forces and demand for scarcity assets to protect wealth, ITI believes this is an attractive buying opportunity for investors.”

For now, $30,000 remains a key support level, even though technicals show limited upside towards $34,000-$36,000.

MicroStrategy

MicroStrategy’s newest relationship to finance the company’s additional buying of bitcoin is now trading under its face value as the cryptocurrency keep falling and decreasing.

Prices on the $500 million bond, which closed on June 15, fell almost three points after the company said on Monday. That it completed its purchase of 13,005 bitcoin at an average price of $37,617. Bitcoin was trading at around $32,542 as of press time.

At last count, MicroStrategy held 105,085 bitcoins. The company so far issued more than $1.5 billion in changeable notes and junk bonds to fund such purchases. Blockchain data shows low request for transactions over the past few months.

Bitcoin and Ethereum Transfer

“Both Bitcoin and Ethereum experienced dramatic slowdowns in on-chain activity, with active addresses and total transfer volume falling back to 2020 and early 2021 levels,” .Mentioned Glassnode in a newsletter published on Monday.

Bitcoin’s active addresses decreased 24% from the March peak. While Ethereum’s share in falling in active addresses was more. It dropped 30% from peak levels.

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Review

Bitcoin Holds $30K Support After Unstable Tremble; Resistance at $36K

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Bitcoin (BTC) went back to above the $30,000 level on Tuesday. After an unstable trading session this happened. Buyers started stepping in with a fast speed. As oversold conditions appeared on intraday charts. The next level of resistance is around $36,000, which could limit further upside.

The world’s biggest cryptocurrency by market value was trading around $34,000 at press time. And it is up 9% over the past 24 hours.

The near-10% price fall on Tuesday was typical of a tremble. Which signals a period of market uncertainty when sellers surrender.

Bitcoin’s two-month decreasing movement appears exhausted after the relative strength index (RSI) on the daily chart registered a higher low. This means buyers can stay active towards upper resistance levels.

The RSI on the four-hour chart is not yet overbuy. Even though bitcoin is still under the 100-period moving average, offering resistance could be found at $36,000.

Stronger resistance is at $40,000 which is near the superior bound of a month-long range.

Bitcoin looks to have bottomed out

While bitcoin (BTC, +1.73%) looks to found a bottom, a quick rally to record highs looks unprobable. Analysts are talking about that the cryptocurrency now faces price consolidation.

“Bitcoin looks to have bottomed out, having digested most negative news during the recent sell-off from $41,000 to $29,000,” . The trader and analyst Alex Kruger said.

Prices went up to $41,000 early last week before turning south in the latter half after the Federal Reserve’s unexpected hawkish dip on interest rates. Market signal and market value of cryptocurrencies are showing major fall.

Bearish sentiment got stronger on Monday after the People’s Bank of China repeated its crypto banking ban in the wake of the Chinese government’s crackdown on crypto mining. Bitcoin expanded the previous week’s sell-off. It continued hitting five-month lows near $29,000 during early U.S. hours Tuesday.

Stack Funds is also keeping a careful stance in spite of signs of bargain hunting.

“We have noticed that whales (large investors) are re-entering the market as risk appetite returns,” it said in a research noted published Wednesday. Short-squeeze hunters are also exiting the market, it said.

“We believe bitcoin is very close to the bottom, at least in this current wave,” analysts are talking about it. But, “we will keep a close eye on bitcoin’s price post options expiry, and it will be interesting to see how this will unfold in the first week of July, the start of the third quarter.”

Bitcoin price is 33,322.70 at the time of this report.

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