Our research about CCS Markets shows that it has been blacklisted by a financial regulator and that is why we are publishing this warning.
What is CCS Markets about
CCS Markets is a cryptocurrency trading platform. You can deposit money on the platform and start investing in different digital assets, such as Bitcoin or Ethereum. It even offers leveraged (1:5) trading and cryptocurrency cloud mining.
Official website: https://www.ccsmarkets.com
Address: Not provided by the platform.
Contact information: [email protected]
Is CCS Markets legit?
Based on our research we have to say that CCS Markets is not legit. The reason for this conclusion is that it has been blacklisted by a financial regulator for providing unauthorized investment services.
The warning about CCS Markets
The financial regulator that has warned the public about CCS Markets is BCSC, see the full alert HERE.
The BCSC had this to say about CCS Markets: The platform is accepting British Columbia residents as clients. However, it is not registered as required by the law.
A cryptocurrency trading platform may be required to be recognized as an exchange under section 25 of the Securities Act, RSBC 1996, c. 418 (the Act) or be registered as a dealer under section 34 of the Act. CCSMarkets has not been recognized as an exchange or registered as a dealer in BC. And CCS Markets is not registered.
Why this warning is important
Financial regulation is key to maintaining orderly markets. Every country has at least one independent regulator that oversees financial markets to ensure that customers of investment services are protected.
No regulation is perfect, but it provides at least basic protection to consumers. In the investment world, regulation often ensures that clients’ funds are segregated from the money of the company, that there is transparent pricing of traded assets, that the company is not in conflict of interests, etc.
Simply put, there are rules that investment companies have to follow and regulators make sure that they follow them.
In some countries, deposits with investment companies are even insured. This means that if the company, for example, a broker, goes bankrupt, clients still get their money back from an insurance fund.
For all the reasons mentioned above the risks with regulated companies are far smaller than with the ones that are not regulated. There are many, many more scams among unlicensed and unauthorized investment services.
Is CCS Markets a scam?
CCS Markets being blacklisted by a financial regulator, namely by BCSC, does not necessarily mean that it is a scam. Unless it is explicitly said in the alert.
But it is important to know that every time there is a reason for a company to be placed on a warning list by a financial authority.
There must have been an impulse for the regulator to investigate CCS Markets and conclude that the public must be warned about it. Like complaints from users or suspicion, for example.
Some investment projects just overlook their duties as far as financial and investment laws are concerned, some are outright scams that just avoid regulation.
In this review, we report on the alert that the BCSC published about CCS Markets. So for a conclusion about whether it is a scam or not you can contact directly this financial authority.
In our experience, to stay safe, it is better to avoid all companies and investment services that have been blacklisted by financial regulators.
You can also contact the national financial authority in your country and ask it about CCS Markets to see what they have to say.
In conclusion about CCS Markets
CCS Markets has been the subject of a warning from the BCSC, which is a financial regulator. So there is a problem with it, and that is why you’d better stay away from it.
If you have doubts about CCS Markets, just ask a licensed investment advisor and/or the national financial authority in your country to get a professional opinion.