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Warning: Fraudulent Activities by Peak Markets

2024-07-04 Brokersview

Warning: Fraudulent Activities by Peak Markets

Since April, several victims have reported fraudulent activities by Peak Markets, revealing its unethical practices that caused financial losses to them. These complaints underscore the need for extreme caution when dealing with this broker, especially as no regulatory oversight has been found for Peak Markets.

 

One victim faced issues with withdrawing funds. She was told her withdrawal order was error-prone and needed to place a specific order to validate it. Despite following instructions, her money never arrived, and the person assisting her denied involvement and deleted their communication.

 

Another client reported indiscriminate order placements and refusal of withdrawal requests. The broker allegedly gave orders against market trends, leading to negative account balances and then refused to process withdrawal requests.

 

The website of Peak Markets

 

Several clients highlighted arbitrary order closures by Peak Markets. The broker would cut orders resulting in losses without proper notification, while profit orders were reported immediately, causing significant frustration and financial loss.

 

A woman was enticed to invest with a promise of a 10% weekly profit. She deposited $4,000 in early April, but by mid-April, her account was wiped out, with all transactions supposedly supported by the trading platform.

 

Another investor deposited $7,000 to buy Zurich stock. Despite receiving dividends, her account showed a negative balance, and her withdrawal request was suspended. The broker imposed additional conditions and placed unauthorized orders, eventually leading to the burning of her account.

 

These reports paint a disturbing picture of Peak Markets' operations. Potential investors are strongly advised to avoid engaging with this unregulated broker to prevent potential financial losses and unethical treatment. Conduct thorough research and choose regulated brokers to safeguard your investments.

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