PURE MARKET Review: Investigating Deposit Credit Failures & Withdrawal Complaints

Did PURE MARKET stop processing payments after receiving deposits on the trading platform? Do you get a sense of a Ponzi scheme when trading with PURE MARKET? Does the broker intentionally delay your fund withdrawals? Have you faced a profit deduction on account of a wrong, arbitrary claim by the broker? Does the broker change the spread frequently to cause you losses? In this PURE MARKET review article, we have investigated these complaints against the Vanuatu-based forex broker. Keep reading!

Examining the Top Forex Trading Complaints Against PURE MARKET

The Ponzi Scheme Revelation

A trader reported a Ponzi scheme run by PURE MARKET on WikiFX, an app that demystifies regulated and non-regulated forex brokers worldwide. Due to this scheme, it became difficult for the trader to withdraw funds. Check out the screenshot below to understand the traders concern.

Fund Withdrawals Denied, Past Swaps Removed, the Trader Alleged

A trader, while sharing the PURE MARKET review, recounted an incident where the broker did not process withdrawals even after 120 days of submitting the request. As per the complaint, the broker denied by claiming that the trader had utilized too much of a swap. To process the withdrawals, the broker told the trader to allow it to remove 50% of the swap with zero calculations. However, the trader viewed it as a tactic by PURE MARKET to steal funds. Check what the trader said when sharing the review.

The Trading Account Blockage Case Against PURE MARKET

The PURE MARKET broker is also accused of blocking the trading account by wrongfully flagging trades as part of a latency arbitrage activity. In one complaint, a trader‘s account was suspended due to this claim, preventing him from both trading and withdrawing. The trader commented that the broker flagged nearly 80% of the trade, which were in profits, as a latency arbitrage activity. Following this, the PURE MARKET broker removed the trader’s profit from the MT4 platform. Understand the entire incident by reading this negative PURE MARKET review.

No Intimation Before Spread Change

A trader was left uninformed of the spread change made by the PURE MARKET broker. This would likely have caused losses for the trader. Concerned by this trading behavior, the trader shared the following review online.

The Payment Processing Failure Claim Against PURE MARKET

A trader claimed that the broker failed to process the payment after receiving deposits worth USD 67.21. The broker, as per the traders complaint, stated a complete failure. Viewing this as a scam, the trader shared the PURE MARKET review online.

The Review of PURE MARKET by WikiFX: Check the Broker‘s Regulation and Score

The seemingly serious complaints against PURE MARKET called for a deep investigation into the broker’s regulatory status. While investigating, the team found the broker to have an offshore regulation in Vanuatu. Such a regulation does not offer the kind of protection expected from brokers supervised by top-tier regulators. As a result, the score for the broker remains poor at 2.38 out of 10.

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