January 27, 2024

75 Markets Reviews Avoid Falling for 75markets.com Scam!

Heard of 75markets.com platform? Read 75 Markets reviews to know about this forex broker and why you should avoid them.

75 Markets Reviews

This content promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.

75 Markets: What is it?

75 Markets FX otherwise known as 75markets.com is an offshore brokerage with a lot of promises for forex traders. The forex company claims to offer crypto investment services to their clients. 

What’s more, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices.

The broker is completely anonymous. It has not revealed any legal information about itself or its alleged registration address.

What We Discovered about 75 Markets Trading Broker

First of, 75 Markets has not revealed any contact information about itself or its alleged registration address. The absence of any credible data about this broker’s identity is quite worrisome to be honest, as we don’t actually know who stays behind it.

This broker does not provide access to legal documentation. When registering an account, agreement to the Terms and Conditions and Privacy Policy is required, but links to the documents are empty.

To appear genuine, 75 Markets presents an image of a licence from Australian Securities and Investments Commission (ASIC). Bear in mind, we found no evidence that it is actually linked to the 75 Markets website and does not comply with the ASIC regulatory restrictions.

Next, the broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.

These drawbacks are for forex traders/ clients to avoid losing money with scam brokers lurking online. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.

Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website

75 Markets Account Types

75 Markets offers variety of trading account for clients. The broker also provides a leverage capped 1:400.

Account type
Account type

75 Markets deposit does not provide any information about its minimum deposit. In contrast, you should better stay with a legitimate broker that clearly spells out its regulation and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.

As for the broker funding methods, there is no information provided.

Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!

75 Markets Trading Software

75 Markets offers access to a fairly basic web-based trading platform. The broker’s web trader comes with some basic tools and custom indicators but nothing more advanced.

Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.

Frankly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.

75 Markets Licensing and Regulation

Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.

Having said that, it is not far from believing that 75markets.com is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website

Bottom Line:

75 Markets located at 75markets.com appears like a genuine trading broker, however, you should not take the words they say and the attractive website layout. By all appearances, we would advise traders to steer clear from unlicensed brokers as they likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.

Was the information helpful? Please share with us your experience in the comment section below. Thank you!

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