Meliorate Limited is an online trading platform that offers trading services in various financial instruments such as forex, cryptocurrencies, stocks, and commodities. However, after conducting a thorough investigation, we have determined that Meliorate Limited is a scam.
False Advertising and Misleading Information:
One of the red flags that we noticed was the company’s marketing tactics. Meliorate Limited used false advertising and misleading information to attract clients. For example, they promised unrealistic profits and guaranteed returns on investment. This is a common tactic used by fraudulent companies to lure unsuspecting investors.
Unlicensed and Unregulated:
Meliorate Limited is not licensed or regulated by any financial authority. This means that the company operates illegally and is not subject to any regulatory oversight. A legitimate trading platform must be registered and regulated by a financial authority to ensure that they follow strict rules and regulations.
Non-Existent Trading History:
Another red flag is that Meliorate Limited does not have any trading history or track record of successful investments. The company claims to have an experienced team of traders who use sophisticated trading tools to generate returns, but there is no evidence to support this claim. The lack of a trading history is a major concern as it suggests that the company is not actively engaged in trading and may be using investor funds for fraudulent purposes.
High-Pressure Sales Tactics:
Meliorate Limited uses high-pressure sales tactics to lure clients into investing large sums of money. The company’s sales representatives are aggressive and persistent, and they often promise unrealistic returns to potential investors. They also use fear tactics, such as warning clients that they will miss out on a profitable opportunity if they do not invest immediately. Scammers often use high-pressure sales tactics to create a sense of urgency and prevent clients from conducting proper due diligence.
Unresponsive Customer Service:
When we contacted Meliorate Limited’s customer service team, we received unprofessional and unresponsive service. We found it difficult to get in touch with them, and when we did, they provided vague and unsatisfactory answers to our questions. A reliable trading platform should have a responsive and knowledgeable customer service team that can assist clients with their queries promptly.
Complaints from Customers:
We also found numerous complaints from customers who had lost their money on Meliorate Limited. These customers reported that the company’s platform was rigged to ensure that clients lost their investments. Others reported that they were unable to withdraw their funds from the platform, even after meeting all the necessary requirements. Legitimate trading platforms must provide their clients with easy and hassle-free withdrawal options.
Meliorate Limited also used false testimonials to promote their platform. They claimed to have satisfied customers who had made significant profits using their platform. However, after conducting a reverse image search, we found that the images used in these testimonials were stock photos and not genuine customers. False testimonials are a common tactic used by fraudulent companies to create a false sense of credibility.
In conclusion, Meliorate Limited is a scam. The company uses false advertising, misleading information, unresponsive customer service, and false testimonials to lure unsuspecting investors. Moreover, the company is unlicensed and unregulated, which means that it operates illegally and is not subject to any regulatory oversight.
If you are an investor who has been scammed by Meliorate Limited, we recommend that you take immediate action to recover your funds. You can contact your bank or credit card company and request a chargeback. This is a process where the bank or credit card company reverses the transaction and returns the funds to the client. Alternatively, you can contact a financial ombudsman or a lawyer who specializes in financial fraud cases.
Remember, it is essential to conduct thorough research on any trading platform before investing your money. Always check if the company is licensed and regulated by a financial authority, read customer reviews and complaints, and verify the authenticity of any testimonials used by the company. In conclusion, we strongly advise against using Meliorate Limited or any other unlicensed and unregulated trading platform. Invest your money wisely and only in legitimate and regulated trading platforms.
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