5Markets.io Review – Is 5Markets Broker Scamming People?

When 5Markets became a brand in 2014, it was called 5Markets. The company claimed a CySEC license, and it was quickly blacklisted and disappeared. The same broker was replaced in 2021 by a new one. It’s unclear whether the two are related, but they are both unlicensed.

Find out all the details in our new 5Markets review. Please read our reviews of FTI Finance, Buxberg and AthensMarkets before continuing. Your nerves, time, and money will be saved!

1. Scam Broker: Offshore Scam Broker
2. Regulated by: Unlicensed trading company / unregulated
3. Websites of scammers: 5markets.io / 5markets.cc / 5markets.co
4. Forex Trading Scam: Active
5. Listed as a scam by: CONSOB / CNMV / FSMA
6. Owner of the broker: Uncanny Services LLC
7. Nationality: Saint Vincent and the Grenadines
8. Date of foundation: 2021
9. Platforms for online trading: WebTrader
10. Trading via the mobile browser / No mobile app available
11. Deposit minimum: 250 euros
12. There is a 20% deposit bonus available.
13. Trading Crypto Assets: None available
14. CFD Trading Option: Yes, CFDs can be traded
15. Forex (FX) / Commodities / Indices / Stocks are available for trading
16. Leverage maximum: 1:500

Not available for Islamic accounts le

Demo account: No, only real trading accounts are available

US traders are accepted: US traders are accepted.

Don’t invest in this scam, broker!

5Markets Regulation: Is the Broker Legit?

5Markets is owned and operated by Uncanny Services LLC, registered in Saint Vincent and the Grenadines. Many firms looking to use illicitly have turned to this offshore island because it has no financial regulator.

Companies should opt for a license in the country of service, indicating that 5Markets regulation should reside with the FCA, ASIC, BaFin, or another Tier1 authority.

Scam Warnings From Financial Watchdogs

Italian and Spanish regulators issued official warnings after they received complaints from 5Markets.

Official Warnings Issued by CONSOB and CNMV – Evidence of Fraud

CONSOB declared the firm an abusive financial intermediary despite CNMV’s claim that it operates without authorization. A Spanish warning was republished by the Belgian FSMA, informing its citizens to avoid these fake investment firms.

Where Is 5Markets Trading Scam Active?

Based on our research, 5Markets primarily operates in:

• Italy
• Spain
• Belgium
• Greece

How Do Scammers Contact Their Victims?

Existing scammers can contact potential customers in a variety of ways. Their spam emails contain phishing links and fake financial offers to entice you to invest. Additionally, they might contact you via social media, offering their services through Facebook and Instagram.

In recent years, scam brokers have targeted victims through dating apps such as Tinder and Bumble. After months of being involved with a potential romance prospect, the person will suggest online investing as a way to secure your future. 

You should be aware that scam companies don’t follow any business rules and will do whatever it takes to scam you.

5 What can victims of market fraud do? – Start the money-back process

We would like to know if you end up being a victim of the 5Markets scam. Also, it may be possible to recover your funds with the help of our chargeback specialists.

Make sure you contact us immediately so we can begin the process before the firm runs off with your money.

Also, Our team of experts will be happy to help you through a free online consultation.