FOREX

AllTradeMarkets Review: Is Alltrademarkets.com A Scam Broker?

Alltrademarkets.com Review: this is the website of a broker that claims to be located in Lithuania. Is All Trade Markets a legit broker? Read this revealing review to find out important details about this Forex trading company.

The most vital part of our reviews is the uncovering of if a company or Forex broker is properly licensed or not. To do this, we first establish the location or region where it claims to be based. Then we check with the commission or authority regulating trade there whether it is listed among regulated companies or not.

HAVE YOU BEEN SCAMMED? If you have lost your money to online scammers, there is an opportunity you could get back your money.

Click HERE to start the recovery process

AllTradeMarkets mentions that it is the brand name of Global Market Index Limited, a company in the UK. Forex trading in the UK is under the supervision of the Forex Conduct Authority (FCA). When we checked the online register, we found that Global Market Index Limited is truly licensed by it. However, the company is not related to All Trade Markets.

On the page, it mentions that it is registered in Lithuania. This confusion concerning license and registration only goes to show that it is an illegal company. It uses the scam tactic of stealing the details of legit brokerage.

Advantages of AllTradeMarkets

The broker mentions that its platform is simple to use and fast. It also makes many payment options available on the website. It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

AllTradeMarkets Trading Platform

There is no proper information on what trading platform is to be used by clients of AllTrade Markets. We advise readers and traders to always look out for the MT4 or MT5 platforms. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating systems. All can be used on desktops, Linus, Windows, iOS, and Android.

Tools that come with these trading platforms are also found to be useful for traders. It has proven to be user-friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders are forex currencies, commodities, indices, and shares. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

The maximum leverage offered to clients is 1:200 and while this may seem generous, it is not advisable. High leverages can lead to a huge loss of funds as well. Spreads are not disclosed.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on AllTradeMarkets

The means of making deposits and withdrawals with this broker are VISA, MasterCard, Skrill, Delta, Neosurf, Qiwi, AstroPay, Sofort, Neteller, WebMoney, Paysafe, Moneta, giropay, and bank wire transfer.

This is encouraging because standard and legit brokers make deposits and withdrawals available via Visa, MasterCard, and Wire Transfer. Many offer e-wallets like Skrill, Neteller, UnionPay, FasaPay, and so on.

A minimum deposit of $500 is required to start trading with this broker. We find that this is higher than the obtainable average of $100 to $250 usually required by many other brokers. Withdrawal fees and charges are not disclosed. We prefer it when brokers are transparent with these details.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is AllTradeMarkets Licensed?

No. AllTradeMarkets is not a properly licensed and registered broker. The FCA does not list it among regulated brokers in the UK.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Blacklisted in New Zealand

The New Zealand financial watchdog, the Financial Markets Authority (FMA) warns citizens to avoid this broker.

Support

We do not find any means of reaching the broker or customer service. This is discouraging as traders usually want to make inquiries before trading with a broker.

Conclusion

AllTradeMarkets is not properly registered and thus gets a low rating from us. It is also blacklisted by New Zealand authorities and illegally uses the details of another company. The transaction methods are encouraging but many of the trading conditions are unclear. We prefer brokers who are transparent with their details.

 

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

DID YOU KNOW!! Most Autotrading softwares or robots claiming to turn you into a millionaire overnight are SCAMS. If you are in need of a legitimate software or robot that can help you trade profitably, see our recommendation HERE

To recover your money from Scam Forex, Binary Options, and Cryptocurrency brokerage or signals. Fill the form below to get help

powered by Typeform

AllTradeMarkets

4

TRADING CONDITIONS

2.0/10

LICENSE

2.0/10

CLIENT REVIEW

5.0/10

CUSTOMER SUPPORT

7.0/10

Pros

  • Many Transaction Methods Allowed

Cons

  • Blacklisted in New Zealand
  • Not Licensed
  • Unclear Trading Conditions
  • No MetaTrader Platform Supported
Summary
Review Date
Reviewed Item
AllTradeMarkets
Author Rating
11stargraygraygraygray

Leave a Reply

avatar
  Subscribe  
Notify of
error: Content is protected !!