Scam detection: Is or isn’t InsiderMark legit? Yes!Barry Copeland 27 / January / 23 Visitors: 101
Fraudsters may use hundreds of masks and disguise tricks, but there are still some simple rules that allow us detecting them. Let’s see how legit is InsiderMark brokerage.
The classic rule is to start InsiderMark scam review from the official website. If something is wrong yet on this stage, we see it clearly and save our time for something else. The general impression is rather positive – the website itself is not bad. There are absolutely legit Forex brokers whose websites look much worse. It is informative, it gives us the clear understanding of what exactly the company does and it doesn’t contain any things which should make us start worrying.
The only thing, which catches the eye, is the absence of company requisites on the home page. But this is definitely not enough to suspect InsiderMark of fraudulence practices – if these details are mentioned in legal documents, everything is OK so far.
And there is a good thing to mention – risk warning in the website’s footer. Yes, most of retail investors lose their money when they start trading, and trading with leverage is especially risky, that is a fact. And there is another fact: it is absolutely not typical for scammers, they avoid publishing warnings like this. If InsiderMark were fraudsters, they would rather use some phrases like “we guarantee your profits” or something of this kind. Fraudsters will promise to guarantee you anything – profits, incredible ROI rate etc. just in order to get to your money.
Another thing, which drove our attention, is the availability of services. There are many people considering absence of accounts with a minimal deposit of $50-100 or lower suspicious. But this theory seems misleading a bit. The higher entry threshold itself doesn’t make InsiderMark scammers, it can be explained with the peculiarities of the company’s business model. And the availability of such type of services as managed account suggest our version is quite reasonable. Targeting clients with higher income level doesn’t make InsiderMark less legit.
Then there is another factor, which is often considered a red flag. Many people and companies are too conservative for using crypto, but InsiderMark supports deposits and withdrawals in crypto. How bad it is? Well, we are not so conservative and we don’t think crypto is that bad. It is volatile, that’s a fact, and is used for speculations due to its volatile nature. But the use of crypto by fraudsters and criminals of all kinds is extremely exaggerated. Judging by criminal reports cash is still the king of illegal transactions, but it doesn’t mean that we all should stop using it or think that using cash is suspicious.
Since we are done with the things InsiderMark is ready to tell about itself, it is time to check what other people can say about the company and its services. Various broker scam lists may be quite useful in this regard. But, of course, only in case if they are not written by other brokers, who use them as a means of competition. So if we are about to find out whether InsiderMark is a good broker, we should also check the individual reviews, written by its existing or former clients. These may contain too much color due to personal reasons, but it is quite trustworthy source of information after all to complement our InsiderMark scam review.
The absence of serious problems and scandals around the company droves us to the conclusion that InsiderMark has nothing to do with Forex broker scams. There are some peculiarities regarding the company and its website, of course. But there is nothing critical which can’t be fixed. And, which is more important for us, there are no signs that InsiderMark uses fraud schemes.