The apparent online broker Marketbull claims to be a safe platform for online trading with Forex, CFDs, and ETFs. However, there is a lot of information that everything is by no means straightforward at Marketbull. More and more traders are coming forward talking about phone terror, rip-offs and investment fraud at Marketbull. The investors have lost all their money invested with Marketbull. Serious doubts are announced. Meanwhile, many investors of Marketbull have the feeling that it is investment fraud. All investors of Marketbull ask themselves whether they became a victim of investment fraud? And what can Marketbull investors do if the suspicion of investment fraud is substantiated? Will Marketbull investors get their money back? Does it make sense to file a criminal complaint against Marketbull with the police? Where can I get help with investment fraud?
Marketbull: Bland promises on marketbull.co.uk!
What do the astonished prospective customers read on marketbull.co.uk? "Our service was created to provide you with the best and highest quality tools and conditions on the cryptocurrency and forex market...We constantly work with the best teams of traders from all over the world...We work every minute on the quality of our service...Thanks to this and as a result of our continuous work, we have become a fast-growing company and a globally respected brand." That's just one small passage of the implausible promises investors can find on Marketbull's website. Not one of these full-bodied promises from Marketbull has been delivered. Unfortunately, the questionable business conduct rather provides for disappointed investors and miserable experiences!
Marketbull: Hide-and-seek game with the Domain entry!
Remarkable for the business practices of the Marketbull makers is that the web page does not contain an imprint. Thus, the complete information about the legally responsible operators of the website is missing. If one takes a look at the domain data of the web page of Marketbull, no references to the operators are to be found there. However, one learns that the domain was registered with Key-Systems GmbH only on March 11, 2021.
Marketbull: Who is behind it?
Answering this question will be rather difficult for many investors since the Marketbull makers do everything to conceal the true circumstances. However, this is nothing unusual. The perpetrators mostly operate several of these websites with the same fraudulent business model. These are created in advance, quickly put online, and just as quickly shut down. The top-level domain is often changed to deceive financial regulators and law enforcement agencies. But who is the operator? There is only scanty information about this on the Marketbull website. Although the company Market Bull Ltd. with the business address Tower 42 International Financial Center, 25 Old Broad Street, London, England, EC2N 1HQ, United Kingdom is given, the makers of Marketbull cannot be found under this address. Besides there is still the obligatory support email address and the two telephone numbers +442030979683 for England and +74950496546 for Kazakhstan. The worldwide search for Marketbull in the relevant registers leads to no result. That clarifies that it concerns in this case a pure fantasy product.
Marketbull: The customer acquisition of the investment cheats
Here again and again the same proceeding is found: To attract new investors the offers of Marketbull are announced in all possible media and channels. Not infrequently, these offers are false claims. In addition, they upload image films on YouTube, in which interested investors are convinced with fictitious references. Here, supposed celebrities report on their experiences with online trading and cryptocurrencies, often with a misleading reference to the TV show "Die Höhle der Löwen". At the same time, a mostly aggressive affiliate program is started to incite others to beat the advertising drum for Marketbull.
Marketbull: Criminal business practices
As soon as the customer has registered on the trading platform, he receives calls from alleged financial brokers who like to refer to their years of experience and their satisfied customer base. In many cases, however, the makers of this business model are fraudsters, against whom the Federal Criminal Police Office and the Federal Financial Supervisory Authority (BaFin) also warn. Usually, the investors start with a small sum as employment. Beforehand, investors are also often motivated to install remote maintenance software, such as AnyDesk or TeamViewer on their computers, so that assistance can supposedly be provided with the first steps. In many cases, the computer is subsequently manipulated and unwanted transactions are carried out. Investment fraudsters also frequently gain access to their victims' online banking in the process. What is particularly criminal, however, is when supposed profits are displayed on the trading platform to entice the customer to place further high stakes. In some cases, even small sums are returned to lull investors into a sense of security. Who then does not want to further increase the stakes? But how does it continue?
Marketbull: Repayment of the money is attached to conditions
Once in, an exit is mostly impossible. Rather, the administrators of the investment scammers tie the repayment of the money to further deposits. This is where employees come in, claiming alleged tax debts and commission payments. If these are settled, it would come to the disbursement of the allegedly obtained profits. The perpetrators send the investors self-made tax and commission statements, often decorated with fake coats of arms. These would have to be paid urgently. A clearing with the allegedly obtained profits, is never possible. If an investor refuses further deposits, alleged profits are converted by senseless transactions into losses and the customer is maximally damaged. This is not the end of the horror, but investors are permanently confronted with calls from other dubious providers. This indicates that the contact details of the investors are further traded among the investment fraudsters. In the end, a "savior" regularly comes forward, claiming to have uncovered the whole scam. He impresses with his insider knowledge. No wonder, since he is part of the fraud gang. The next rip-off! And of course, the "savior" wants a small fee - in advance!
Marketbull: Scheme of investment fraud?
There is no legitimacy in the online broker Marketbull. Marketbull lacks legitimacy from a recognized European financial regulator, such as the English Financial Conduct Authority (FCA) or the Cyprus Securities and Exchange Commission (CySec), which is often used by brokers. Likewise, there is no authorization from the Swiss Financial Market Supervisory Authority (finma) or the Financial Market Authority (FMA) of Austria, which is responsible for Switzerland. For this, there is a warning from the FMA dated 07.09.2021. It is easy to see that Marketbull is a scheme of capital investment fraud. All those harmed by Marketbull should be advised to contact an investment fraud attorney immediately.
Marketbull: Where are the investment fraudsters active?
There is no doubt that investors are dealing with Marketbull investment fraud in Germany, Switzerland and Austria. Marketbull's activities were by no means limited to German-speaking countries. Because Marketbull turns likewise to Polish, Spanish, Russian and Arabic-speaking investors, it is only a question of time until also the deceived investors of these groups of speakers announce themselves. A look at the list of regulators is recommended before making any financial commitment to reduce the risk of becoming a victim of investment fraud.
Marketbull: Investors want their money back!
The circumstances are by far more promising than it seems. The damaged investors can counteract and require invested capital back. As of today, it is not to be expected that the investment fraudsters of Marketbull will be caught soon, nevertheless, there is reason to hope. This is especially true because the money transactions were made through accounts provided by financial institutions that we're concerned about good reputations. Unfortunately, those responsible for the accounts failed to check the deposits of the investors, some of which were large and therefore subject to controls, and their onward transfer for illegality. Such delays enabled the investment fraudsters to carry out their criminal activities in the first place.
Marketbull: They want their money back! How does that work?
Knowing this, investors would never have gotten involved in deals with Marketbull. Now the only option left for the victims is to try to recover the misappropriated capital. Many investors cannot even imagine that there is a real chance of ever seeing their money again. Probably all of them are now wondering if they can get their money back? Clearly yes! There are numerous legal bases to fall back on. The generic term is "money laundering." When investment fraudsters collect money, the crime of money laundering is committed. Financial institutions must take action against money laundering. This is where one starts with good chances of success. Relevant questions should be clarified beforehand. What is the destination of the funds misappropriated by Marketbull? Can investors somehow recover their capital invested with Marketbull? What steps are due from now on? Such questions can best be answered by a lawyer specializing in capital investment fraud.
Marketbull: Who can help?
What to do in case of investment fraud? What help with investment fraud can Marketbull victims hope for? Marketbull victims will ideally find the help they need from an experienced investment fraud attorney. He or she will be able to take care of your Marketbull case both in terms of the criminal aspects of investment fraud, as well as the recovery of funds and possible claims for damages. A lawyer for trading also comes into question, because he is also familiar with the methods of fraudulent brokers, such as Marketbull.
Marketbull: Follow the money!
This kind of abuse in the unregulated capital market goes the internationally active Anlegerschutzkanzlei Resch attorneys for more than 30 years after. The way of the Marketbull is from it resulting in nothing new. Over the years, Resch Rechtsanwälte has developed powerful tools for tracking down the money that has disappeared and tracing the flow of funds. Making funds disappear is becoming increasingly complex in the age of the Internet. The faster investors follow the money trail, the more likely they are to recover their invested capital. It is important now that the investors were harmed by the Marketbull act without delay.
RESCH Attorneys at Law - Experience in investor protection since 1986
If you have become a victim of Marketbull and want to know if and how you can get your money back, call +49 30 885 9770 or fill out the questionnaire. You will receive a free assessment of your case.
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