Should You Trust Market Haven? A Comprehensive Review of markethaven.com

Fake brokers are the most common types of scams because many traders start investing in dishonest organizations hoping to get the promised profit, but ultimately cannot withdraw funds from their accounts. In this Market Haven review, you will learn why you should not trust this company and what facts indicate that its activities are illegal.

Is Market Haven a Trusted Broker?

On the homepage, an attractive headline states that it is a verified platform providing the best service worldwide. It’s hard to believe this, as the Forex broker Market Haven is not particularly popular. It is difficult to find information about it online.

There is no information about a license, and there is no office address in the contact details section. However, the broker has published information about the registration location of the phone number – United Kingdom. This means it’s possible to check if there is information about Market Haven in the regulator’s database. There are no mentions of this project on the FCA’s website. This indicates that its activities are not regulated.

The platform’s accounts types are named after popular cryptocurrencies. The simplest account costs $250, and the client gets the opportunity to use leverage with a value of 1:100. This raises suspicions about the transparency and honesty of the broker’s activities because inflated leverage figures are a common trick on scammer sites to quickly deplete a trader’s deposit and encourage them to deposit again to turn trading into a profit.

There is no demo mode on the platform, and traders can only familiarize themselves with the trading features by depositing funds.

All legal information on the broker’s website is presented in the form of a photo. Verified organizations always strive to make the terms of cooperation transparent, but Market Haven is not one of them.

Concerned About Withdrawal?

Information about available withdrawal and deposit methods is not freely accessible. In the frequently asked questions section, the broker does not publish information on how to withdraw funds from the account but states that withdrawals are only available to the same account that was used to deposit funds.

How Long Does The Broker Work?

The domain was registered in 2008, but the project itself started its activities in June 2023. The owners simply bought an old website with no activity and launched Market Haven on it.

There is no information on the platform about when it started operating. In the “About Us” section, the broker claims to have many years of experience in this field, but the actual project’s operating time, as we have already established, is less than one year, so this is false information and the owners are simply misleading potential clients.

Other Signs of Fraud

❗ The broker offers to purchase a debit card that can be used to convert cryptocurrency into dollars. However, the platform does not specify which bank will service this project, and its implementation is practically impossible because if cryptocurrency could really be quickly converted into dollars using a regular card, many traders would use this option, and it would not be “unique” on Market Haven.

❗ Lack of a demo account. It is impossible to check trading capabilities without depositing funds, and the broker forces clients to deposit $250 to test the platform’s functionality. As mentioned earlier, a trader who does not like the terms of cooperation will be forced to continue trading on the platform because they have already made a deposit.

Market Haven Review Conclusions

Market Haven’s transparency is extremely low. Clients do not have access to all cooperation terms before registering an account. Depositing funds into this broker’s account poses a huge risk as the platform’s operations are not regulated at all.

➕ The cost of the basic account type is only $250.

➖ False information in the “About Us” section.

➖ Short working duration.

➖ No license.

FAQ

Brief Conditions