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Why are Pure North Markets crooks?

Started by Admin, May 30, 2023, 12:20 PM

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Topic keywords [SEO] MarketscrooksPureNorth

Admin

This article has the following information:
  • What is known about Pure North Markets;
  • Irrefutable evidence that Pure North Markets is a scam;
  • Further indications that Pure North Markets is a scam;

Entrusting your own finances to Pure North Markets is a decision you will certainly worry about, as I did after all this. I have dealt with the unpleasant reality that this is the worst thing that could have happened to me as a person and I think that personal experience will be for others who, are considering entrusting their money to this ugly investment firm."

Let's now get down to comparing what Pure North Markets has and an adequate average firm. What should a normal brokerage platform look like? A good trading platform is a key tool for traders, giving them the chance to access global markets and make informed investment decisions. A normal platform should have both a cent and a virtual one in addition to the basic one.

Reviews of Pure North Markets

What do the reviews on Pure North Markets say? Almost all about the fraud and total unqualification of Pure North Markets analysts. The ratio of favourable to critical opinions is, naturally, in favour of the negative ones. Favorable reviews on Pure North Markets are not all that simple either. The problem is that all of them are rather formulaic and were published not so long ago and approximately at the same time. All this indicates that these positive opinions are fake. Read one of these reviews:
"Pure North Markets is a great organisation! It has a brokerage license. I get 150-200% of my capital a month and I devote fifteen minutes a day to trading. I recommend Pure North Markets to everyone!
Really cool firm! The only one that can make an average trader a billionaire in a few years, because investor will earn 150-200% a month. We think that in this situation it is already clear that this is a fake review.
Here is another review on Pure North Markets written on Reddit:
"Pure North Markets is the most profitable broker on the market. I don't understand why the broker is not yet #1 in the Eurozone and the US! The customer service is very profitable, the managers at Pure North Markets are the smartest. I have been with the company for almost three years and I am doing well."
And we also can't understand why this broker is still not the best... among scammers.
Note that those people who made fake reviews don't even realize Pure North Markets is only six months old, but not for several years, which allegedly this character does business with Pure North Markets. Any proofs which confirm that the Pure North Markets staff is "the smartest" are not given.

As we can see, the investor has not only lost money and nerves, but also did not gain any positive trading experience, only disappointment in trading. If you look at other opinions, they have basically the same content. The most frequent allegation is that Pure North Markets does not give away investments. Investors in addition write about the extreme incompetence of Pure North Markets employees. By reading reviews on Pure North Markets we have seen many times the information about the fact that the managers of the broker when talking with clients are using outright tricks and are allowed to be insulting. The reviews of an adequate investment firm should suggest otherwise, or at least things shouldn't be so terrible. In short, the reviews on Pure North Markets also clearly say that Pure North Markets is a common scam.

Personal experience of "trading" with the firm

The facts stated before are enough to draw the only true conclusion about the true nature of Pure North Markets. We decided to double-check everything to be 100% sure.
We left our contact details and a Pure North Markets representative called us and instantly started to persuade us to make a very large amount of money. In the dialogue this representative of Pure North Markets used the method of aggressive selling, some silly flattery, we funded our account for the minimum amount of 25$ and decided to try the tips that this broker puts out. What happened next? We lost most of the money in a couple or three transactions and decided to withdraw the money, but it was not transferred to me. A Pure North Markets manager called again and tried to persuade us to withdraw the funds and even put the money back into the account and make the trades and according to him if we did that I would get my losses back. It is unclear why the managers did not immediately refuse to refund the loss without me still giving the broker my personal money again. Obviously if I had done that, they still wouldn't have withdrawn the money, not a cent.

A quality brokerage platform should have a comfortable interface. A well-designed, subconsciously understandable user interface is essential for a brokerage platform. This ensures that users will be able to navigate the platform without difficulty, manage their personal accounts and make transactions without difficulty. None of this is available on Pure North Markets' platform. Although we have seen many different platforms and it is a familiar thing to us, it is difficult to navigate in spite of much experience.
A good brokerage platform should have different possibilities to invest. A quality trading platform must offer a wide range of investment products, including stocks, bonds, ETFs, mutual funds, options, futures and other securities. This enables clients to protect personal accounts from risk and have access to a variety of asset classes. Pure North Markets has quite a huge number of instruments on its platform, but the problem is that Pure North Markets is a scam and dealing in these assets is not really existing, it's not all happening in reality, like in a game. By buying stocks through a Pure North Markets platform you are not really buying anything due to the fact that Pure North Markets is not licensed and therefore not allowed to interact with the world exchanges and so you are not really buying anything through a brokerage company on the international market. In general, Pure North Markets' platform not only has a terrible usability, but it is also quite unpleasant from an aesthetic point of view.

A quality brokerage platform needs to be both mobile and desktop. In this fast-paced world, investors need to be able to access their brokerage platform on the go. This, by the way, enables them to follow the fast-changing environment and instantly sell or buy an asset if there is a good reason to do so. A good marketplace must have a flexible mobile app as well as a real computer version in order to satisfy the most diverse customer needs and requirements.

It was obvious from the start that the degree of professionalism and competence at Pure North Markets was clearly close to zero. Their platform was constantly problematic, with regular technical failures and a user interface that can only be described as clumsy and incomprehensible. This alone made the execution of transactions unpleasant, but the trouble did not end there.

When it came to the main aspect of investor support, I was really pissed off. Their managers either wouldn't give an answer or were incapable of resolving my problems with any semblance of professionalism. I thought I was in contact with a chatbot and my requests for help went ignored. When I needed help urgently in a situation where quotes were moving critically, I found myself in a difficult position and this eventually resulted in me losing a huge amount of money.

Also an extremely important feature of a cool trading platform is the robust security features. Ensuring the protection of personal information and client funds is of paramount importance. A quality brokerage platform must have sufficient security features, such as two-factor authentication, security, and secure socket layer technology (SSL). All of these and other things should reliably protect investors from scams, account theft or hacking into the trading platform itself with a big data leak. None of this is anywhere near on Pure North Markets' platform.

It's also bad enough that it has affected me on a feeling level in a meaningful way. Not only have I lost a tangible amount due to Pure North Markets' ineptitude, but the whole incident has planted in me a sense of betrayal and a deep distrust of the brokerage industry. I cannot shake off the unpleasant memories of the dozens of hours spent dealing with and compensating for the financial losses caused by the ineptitude of this company.

Comparing Pure North Markets to an adequate company

This piece of material has the following information:
  • What a normal brokerage company's site should look like;
  • How is the Pure North Markets platform;
  • A comparison of a normal brokerage platform with what Pure North Markets has;

The most important fact that confirms that Pure North Markets is scam

Of course we are talking about the lack of regulation. The regulator performs a number of tasks, especially checking offices of brokers, checking employees, checking financials, clients and controlling company liquidity. But the most important function of the regulator is to prevent money manipulation. Money manipulation can look very different, an example would be writing off client's money without their permission, or misusing client's money in transactions they have not authorised. In the months before the 2008-2009 crisis, the biggest banks in the US did this on a massive scale. Through regulators, an investor can, for example, recover the money. The regulator has its own principles, according to which they check the qualification of analysts of financial companies, including trading companies. This in turn gives a guarantee that their investors will be working with professionals. Pure North Markets does not have any authorisation for brokerage activities, not even a brokerage authorisation from some fictitious entity.

What is known about Pure North Markets

In brief, almost nothing. The company was registered in 2022. Where exactly it is based is unknown. There is no credible information for just over half a year of the firm's operation. There is only black information about the company, but first things first. Our editorial staff decided to try and find information on the internet about the country where the company's headquarters are based, but ultimately found nothing. Every firm respecting investors on the contrary, tries to be as open and transparent as possible, to inform their investors, so they know whom they want to give their money to, but it seems that the owners of Pure North Markets do not think so.



Consequences of dealing with Pure North Markets

What happens if you or someone else ignores all the facts mentioned in this material and wants to try working with Pure North Markets? Let's imagine it. Take a review on Pure North Markets from the Trustpilot forum:
"I am leaving this review to share my painful experience with Pure North Markets and to warn future investors before they even consider entrusting their personal hard-earned cash to this firm. In my years of trading experience I have never come across a worse brokerage company, and it has left me with a bad taste in my mouth and a significant decline in confidence in the industry in general.

What else is a must-have on the site of an adequate broker? Research tools! A brokerage platform must give people access to analytical tools and resources. These can be financial news, analyst reviews, corporate financials, technical analysis tools and more. These tools allow clients to make reasoned investment decisions rather than doing the wrong thing. And how can one make sound investment decisions when all Pure North Markets has on its platform is a calendar? Real brokerages make sure that their investors can make wise decisions, as this has a direct impact on the overall prospects of cooperation between them.

What other signs and evidence is there that Pure North Markets is a scam?

As written before, Pure North Markets and its staff are no strangers to aggressive selling, insults, displaying blatant stupidity, using marketing tricks like promises of gigantic profits, falsifying reviews. Pure North Markets has no legal information on its website, not even a public offer agreement, and there should be legal papers proving the existence of a brokerage firm licence, registration documents and optionally some regalia. Googling the situation is almost the same as with opinions, they are all similar to each other. The fact that Pure North Markets does not hand over funds is a common feature of a scam. Pure North Markets analysts also like to send false signals, which not only make it impossible to get money, but on the contrary, all the money evaporates. The criminals often send these signals to make more money and more commission, but this is more true for representatives of white brokerage companies, which are engaged in scams in this way. But too frequent failures of Pure North Markets are also a typical sign of scam.

Conclusions

You've seen it all. Pure North Markets is different even among scams. The company is toxic to the point that there is no place to put a branding on it. The reviews on Pure North Markets, which don't seem to be fake, are brimming with negativity. People usually write that the money is not compensated, the employees do not observe the norms of decency, the platform is uncomfortable, systematically glitches, there are only bad memories of trading with the company. If you do not want to suffer the same fate as the other traders, under no circumstances should you leave even personal information on the Pure North Markets website, or if you have already left it, just blacklist the numbers of managers and do not respond to them. If you do talk to managers, there is a risk that scammers with their talents and experience of trickery will manage to wrap you around their fingers and steal your hard-earned money. After all, they don't just offer investment solutions, they try to gain trust, make friends with their victims and entice them with the promise of exorbitant profits.