Summary:
Angel Markets is an online trading platform that claims to be registered in Switzerland, but this registration is dubious. The company is unregulated and has even been warned by FINMA. Its website is now down, and several past complaint statements show that they kept funds and had bad customer service. It is unsafe to trust Angel Markets with your money, as there are no protections for investors.
Angel Markets Review: Independent Analysis of User Ratings, Complaints, and Trustworthiness
Scam Broker Overview
Website: https://angel-markets.com/
Website Availability: No
Address: Via Stauffacher 28, Villa Luganese, 6966
Warning: Swiss Financial Market Supervisory Authority (Switzerland)
Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.
Background of Angel Markets
Angel Markets presented itself in the market at the end of July 2024. Its domain registration suggested it is a new entity with no previous background to speak of. It claims to be operated by Forex Club International LLC, which is registered in Switzerland, but some questionable details break the assumption one would have based on that headline.
Questionable Registration Details
- The registered number given matches nothing from Switzerland, but rather looks like one from SVG FSA.
- Furthermore, the Swiss FINMA publicly remarked about Angel Markets with the other unregistered portals.
- All of this raises a red flag that follows the same questions you will have about the legitimacy of this unregistered business.
Read about a similar scam broker here.
Red Flags for Investors
Lack of Regulation
Angel Markets does not have any oversight from a financial authority. That leaves investors vulnerable, as there is no recourse for deposit protection.
Website Inactivity
The website https://angel-markets.com/ is currently offline, making services and support unavailable for clients.
Troubling Customer Experiences
Reviews indicate the following:
- Locked balances with no way to access funds.
- Continually asking for more money during withdrawal attempts.
- Unresponsive customer service despite aggressive advertising for new investors.
One user reported a loss of $440,000. Then, they asked for more fees, which the user identified as scraping behavior.
Should You Trust Angel Markets?
The evidence indicates several signs that suggest a lack of trust:
- Fake registration claims.
- No authority backed.
- Negative feedback from clients.
- Website down – no access.
All these factors make Angel Markets a highly risky and unreliable platform.
FAQs
Q1: Is Angel Markets regulated?
No, it doesn’t receive oversight from a regulatory entity.
Q2: Is Angel Markets currently operational?
The website is not operational, which may indicate that the platform has ceased to function.
Final Thoughts
There is a lot of suspicion with Angel Market, given that they made false registries, raised red flags with regulation, and received multiple complaints. They should not be invested in.
Need Help Recovering Lost Funds?
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