TIOmarkets

The company was founded in the first quarter of 2019, laying the foundation for its future development. From the very beginning the holding attracted attention, soon after which it was registered TIO Markets UK Ltd. in England and Wales. The project management also claims to have received an FCA license. In parallel, TIO Markets Ltd was registered as an international business company in Saint Vincent and the Grenadines, which underlines the company’s global reach and international presence.

A legal entity has not been registered in Russia, and there is also no license from the Central Bank of the Russian Federation, which is already a violation of current legislation. The scammers simply offer to open an account in an offshore unit. Cooperation with gaskets from dubious jurisdictions always carries an additional risk of losing money.

By the end of 2019, Sharaga launched its own dividend digital currency tied to revenue from trading activity on the platform, raising $31 million in an initial coin offering and paying out over $1 million in dividends to investors. However, there is no real evidence that anyone received this money.

By 2020, the number of registered users exceeded 50,000, and by 2023 – 160,000, indicating the rapid growth and popularity of the platform among traders. Checking site traffic indicates manipulation by employees TIOmarkets official website. The project is visited by much fewer unique users.

In 2021, the company partnered with Trading Central to provide technical reviews and analyst opinions, and created the TIO signals app, strengthening its information support for traders. Kitchen signals are another tool of scammers, allowing them to drain the deposits of unsuspecting users.

In subsequent years, TIO Markets continued its development, introducing new technologies to improve security and page loading speed, as well as expanding the range of financial instruments for trading, including index futures. The company is also actively working to improve the trading experience by offering competitive spreads, commission-free trading on certain account types and 24/7 customer support.

The scammers promised potential clients “mountains of gold” without providing basic evidence of honest and transparent activities. There is no information about the founder of the brokerage firm or the authorized capital. The scammer ignores the publication of financial statements.

What TIOmarkets offers

Company TIOmarkets offers a wide range of trading accounts and platforms tailored to different needs and experience levels of traders. This provides flexibility and access to global financial markets with minimal costs and high order execution speed.

Trading fees vary by account type, ranging from $0 to $5 per full traded lot, making trading accessible to both beginners and experienced traders. However, it is worth considering that scammers charge hidden commissions, profiting from traders.

The maximum number of open and pending orders per client is 200, providing sufficient flexibility in portfolio management. In addition, the company offers high order execution speeds, technical analysis from Trading Central, free withdrawals and access to trading signals, making its offering attractive to a wide range of traders.

Office Provides access to two of the most popular trading platforms in the industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). They support trading in the forex, indices, stocks and commodities markets, offering traders the opportunity to diversify their investment portfolios through a single platform.

MT4 and MT5 have powerful functionality including:

• daccess to real market data;
• 21 time intervals for analytics;
• 38 built-in technical indicators;
• Built economic calendar;
• 44 graphic objects;
• 6 types of order execution;
• VPossibility of creating trading bots and testing strategies

The analytical capabilities of the software are a plus, but they do not guarantee safe trading on TIOmarkets Personal Area here will lead to losses. Sharaga is deprived of real access to financial markets, so trading is conducted against clients.

Exposing a fake company TIOmarkets

Fake counterparty registered in Saint Vincent and the Grenadines, which is a popular offshore jurisdiction for many financial companies. This raises some concerns regarding the transparency and credibility of the project, as regulation in such jurisdictions is less stringent compared to more established financial centers.

The scam website claims that the company is regulated and licensed, but does not indicate who issued the license. This may raise doubts about the credibility of their regulation, especially since the St. Vincent and the Grenadines regulator (SVG FSA) clearly states that it does not regulate forex trading.

The lack of a direct phone number and complaints about the quality of customer support indicate a lack of transparency and weak customer focus of the company.

Social media activity and user reviews provide insight into a company’s reputation. In case of TIOmarkets, there is an increase in subscribers without active interaction, which indicates attempts to artificially improve the company’s image.

Trading terms such as high leverage and promises of zero fees on deposits and withdrawals are attractive, but also a sign of the potential risks associated with a kitchen-style way of doing business where the company does not bring trades to the real market.

All factors indicate that it is extremely dangerous to trust money TIOmarkets investments into the platform are doomed to failure, since the sharaga is not capable of providing transparent service.