Neuron Markets has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Comrica. We’ve received over 7 complaints against Neuron Markets.
Neuron Markets is an unlicensed online forex broker founded in 2021 in Saint Vincent and the Grenadines. It employs MetaTrader 5 software but has substantial credibility concerns due to a lack of licensing from any major financial regulatory agencies. This raises severe issues regarding the safety and legitimacy of trading on Neuron Markets, as there is a possibility of fraud and mishandling of funds. Despite offering competitive trading conditions, the lack of governmental control requires traders to take extraordinary prudence.
Get Your Money Back From These Scammers!
Key Takeaways
Is Neuron Markets Regulated? Do They Have a License?
Neuron Markets is an online forex broker that has been around since 2021 and is based in Saint Vincent and the Grenadines. They offer trading through the advanced MetaTrader 5 software.
This service is made to meet the needs of a wide range of buyers, from individual investors to large trading firms. Neuron Markets has a lot of good products, but it has also been in a lot of trouble, mostly because of problems with its regulatory status and general trustworthiness.
One of the biggest problems with Neuron Markets is that it doesn’t seem to have the right licenses and rules in place. There are no well-known financial regulatory bodies that watch over the broker.
It’s scary that Neuron Markets doesn’t have to follow any standard safety or financial practices because of this lack of control. A platform that checks the trustworthiness of forex brokers gave it a “No License” status and a very low quality grade of 1.25 out of 10. When traders use an unregulated broker, they run the risk of having their capital handled badly, among other things.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Neuron Markets is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Neuron Markets, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Concerning Issues Present at Neuron Markets
A lot of people have also said bad things about Neuron Markets. The website for the broker has a low trust score, which is a rate given by an algorithm that looks at a number of factors to decide how trustworthy a site is. A score this low can be a red flag for possible users, showing that there is a high chance of fraud and scams. Before putting any money into a broker, buyers must carefully look into and confirm what the broker says.
Neuron Markets offers competitive spreads and high leverage options to help people get entry to many different financial markets. These features might look good, but they also come with risks, especially in places that aren’t controlled.
High leverage can make wins bigger, but it can also make losses bigger by a lot. Without monitoring from regulators, there is no guarantee that trading practices are open or fair. This leaves traders open to unfair market conditions and the chance of being taken advantage of.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
Neuron Markets Customer Service: Do They Handle Complaints Well?
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
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Neuron Markets Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like Neuron Markets tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust Neuron Markets reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Neuron Markets, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Neuron Markets enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Neuron Markets reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Neuron Markets.
You should always look out for consumer complaints. In the case of Neuron Markets, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Neuron Markets? You can share your complaint in the comment section or submit an anonymous tip.
Is Neuron Markets Legit Or a Scam?
Neuron Markets is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Neuron Markets can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Neuron Markets?
There are major problems with Neuron Markets, mostly because it is not regulated. This makes people very worried about how safe and secure it is to trade with this broker. People who want to trade are strongly encouraged to be careful and do a lot of research.
Checking to see if a broker is regulated is an important way to protect your savings from fraud and loss of money. There are already risks when you trade on the forex market, and those risks are much higher when you deal with an unregulated company like Neuron Markets.
All the evidence suggests that Neuron Markets is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
Is Neuron Markets a scam?
Can I withdraw money from Neuron Markets?
Where is Neuron Markets Located?
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How The Neuron Markets Online Scam Works
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
