Global Broker Regulation Inquiry App
WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Investors Reported 5Markets is A Complete Scam
Abstract：Scam exists in any financial markets and the forex market is no exception. How could investors know fraudulent brokers? Well, you can check on WikiFX.com
A Complete Scam
There are a lot of traders who reported their bad experience in 5Markets. The company cheated them and refused to give their money back.
An Offshore Forex Broker
5Markets claims it is operated by Uncany Services LLC, a company registered in St. Vincent and the Grenadines under the registration number 1499 LLC 2021. We did find a match result to Uncany Services LLC in the St. Vincent and the Grenadines Financial Services Authority (SVG FSA). However, SVG FSA does neither issue licenses for forex trading nor regulate any forex activities. This broker is merely a registered broker in SVG FSA that operates under no regulations.
CNMV Remarks 5Markets as an Unregistered Firm
On 21 March 2022, the Spanish regulator CNMV released a notification that 5Markets has not been authorized to carry out forex investment services and activities in Spain as a lack of authorisation. If clients invest their funds in the firm, they are unlikely to get their money back if things go wrong.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Long
Short
Slippage
Leverage
Indicator
Quoted currency
Roll-Over
FED
ECB
BOJ
US Non-farm Payrolls
Deficit
Quantitative easing
FOMC
GDP
Hawkish
Dove
Macro
Base rate
Broker
Clearing
Commission
Currency Pair
Dealer
Future
Inflation
Liquidation
Market capitalization
Value Date
Hedging
Lock
Market depth
Fundamental analysis
Technical analysis
BIS
Asian session
G7
G8
Arbitrage
Spot Market
Spot Price
Contract
Interest
Net Position
Devaluation
BOE
PBOC
Volume
Liquidity
Margin
RokingLTD
knowledge
Learn basic forex
Forex trading
Forex margin
Forex Chart
Forex indicator
support and resistance
Forex Broker
Forex strategy
Forex Currency pair
Forex Analysis
Forex news
leverage in forex
forex pips
Basic forex knowledge
forex market
forex beginners
FSCA
monetary policy
mortgage-backed securities
interest rates
inflationary
Non-farm payrolls
Ramadan
Read more
Grand Capital Doesn’t Feel GRAND for Traders with Withdrawal Denials & Long Processing Times
The trading environment does not seem that rosy for traders at Grand Capital, a Seychelles-based forex broker. Traders’ requests for withdrawals are alleged to be in the review process for months, making them frustrated and helpless. Despite meeting the guidelines, traders find it hard to withdraw funds, as suggested by their complaints online. What’s also troubling traders are long processing times concerning Grand Capital withdrawals. In this Grand Capital review segment, we have shared some complaints for you to look at. Read on!
Original 22h
EmiraX Markets Withdrawal Issues Exposed
EmiraX Markets Review reveals unregulated status, fake license claims, and withdrawal issues. Stay safe and avoid this broker.
Original 23h
ADSS Review: Traders Say NO to Trading B’coz of Withdrawal Blocks, Account Freeze & Trade Issues
Does ADSS give you plenty of excuses to deny you access to withdrawals? Is your withdrawal request pending for months or years? Do you witness account freezes from the United Arab Emirates-based forex broker? Do you struggle to open and close your forex positions on the ADSS app? Does the customer support service fail to respond to your trading queries? All these issues have become a rage online. In this ADSS Broker review article, we have highlighted actual trader wordings on these issues. Keep reading!
Original Yesterday 18:09
INGOT Brokers Regulation 2025: ASIC vs Offshore License - What Traders Must Know
Explore INGOT Brokers regulation in 2025: Compare their ASIC and Seychelles FSA licenses, understand trader protection levels, and learn about potential risks in this detailed guide.
Original Yesterday 18:00
WikiFX Broker
Latest News
Consob Targets Political Deepfake “Clone Sites” and Unlicensed Platforms in Latest Enforcement Round
WikiFXWikiEXPO Global Expert Interviews: Gustavo Antonio Montero: ESG in Finance
WikiFXGlobal Guide to Finding Forex IBs/Brokers — Share Your Pick and Win Big!
WikiFXTrump tariffs are helping drive U.S. beef prices to new highs
WikiFXMitrade Arabic Platform Targets MENA Gold Trading Boom
WikiFXIsraeli Arrested in Rome Over €50M Forex Scam
WikiFXScam Alert: GINKGO-my.com is Draining Millions from Malaysians!
WikiFXNew FCA Consumer Alert 2025: Important Warning for All Consumers
WikiFXEmiraX Markets Withdrawal Issues Exposed
WikiFXTrading Pro Review: Scam Broker Exposed
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate