Selectedmarkets Questions & Answers

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Here’s what consumers have asked with answers from Selectedmarkets staff and previous consumers.

2 questions answered
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Question:

How do i get my money back

Answer:

Unfortunately the chances of that getting your money back are very low. In my case I tried the platform's facility to "Request Withdrawals", which they claim takes between 4 to 7 days. I attempted this and they did not comply. What they did do, without my permission, was to continually trade the account, opening trades and letting them run their course until the stop losses were hit. Meaning that the account was traded to a zero balance. This made it very convenient for them because after that there was nothing left to refund. I have written this off as a lesson learned.

By Frank U.
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Question:

Is selectedmarkets.com a scam or a legit company?

Answer:

I invested $250 USD in selected-markets.com and in a week it went up to $700. I was stoked. So i asked to withdraw my original $400 and just invest using the profits made. As soon as i made that request. The trades went up to triple the buy ins they were doing before and overnight they had lost all my money and closed all the trades due to Margin Over Balance. They are now trying to say i owe them $82USD! When i tried to contact my broker or anyone i had previously talked to there is no response. This is a complete scam just to get people's deposit and never deliver any of your so called profits or initial deposit back to you. COMPLETE AND UTTER WASTE OF TIME AND MONEY!

By Ayla L.

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