✔️ Information reviewed and updated in March 2024 by Pedro Martínez González

In this section we will tell you why You should NOT invest in 5markets. We analyze the website, we observe every detail and we examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation…

A pocas palabras WE DO NOT RECOMMEND IT. Below we will show you essential information about 5markets and we will tell you why we reached such a conclusion:

Basic Information

🌐 Website5markets.co – 5markets.io
🏠 CompanyUncany Services LLC
RegulatoryNot regulated
📧 Email[email protected]
📈 LeadingWeb trader
📌 LocationSan Vicente y las Grenadines

⚠️ 5markets is owned by Uncany Servives LLC, the company is located in Saint Vincent and the Grenadines, a potentially dangerous tax haven for its clients due to its lack of regulation and lack of seriousness. Clients are unprotected. ⚠️

Account types

Now we will analyze the types of accounts offered by 5markets, in this case, we observe that it offers 3 different types of accounts:

Account typeMinimum initial deposit
Student$500
Pro$2.000
Pro+$20.000

Information on the web

5markets website

5markets provides a basic explanation about the financial products it offers, economic calendar, charts, FAQ section, not much else.

List of phone numbers

At the moment we have not found phone numbers.

🚫 Final evaluation of 5markets 🚫

Finally, and in a few words, our recommendation is: DO NOT INVEST WITH 5markets.

As we mentioned before, it is a financial company located in a place where you will not have protection from the law in case of being harmed, that is, you will not be able to claim anyone if an unfortunate event occurs such as the sudden loss of your funds or the closure of the company.

In case of problems, it is most likely that the authorities of your country will not be able to do anything. As a client of this company you are unprotected!

Investing with unregulated brokers or brokers based in such countries is very risky. It is best to invest with a regulated broker, based in a serious country.

Updates

News about 5markets:

Date Update – news
March 2022Complaint against 5markets of CNMV.
April 2022Complaint against 5markets of CONSOB.
May 2022Complaint against 5markets of CNMV.
September 2022Complaint against 5markets of CONSOB.
November 2022Complaint against 5markets of BCSC.
November 2022According to customer messages, the 5markets broker is operated by the same company that manages neotradefx
May 2023The company is associated with MorganFinanceA company with a bad reputation. WE SUGGEST CAUTION.

User Reviews

[democracy id = ”3531 ″]

What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with 5markets.

At the end of the review you will find customer comments.


How to Claim Money scammed by 5markets

If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.

How to Report 5markets

If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.

FAQs

How can I report 5markets?

This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.

Is 5markets a scam – is it a scam?

Yes. We believe that 5markets is Scam. We have received messages from clients who mention not being able to withdraw their capital, this added to other very negative characteristics of the company.

Is 5markets trustworthy?

No. 5markets is not reliable, it is a very unsafe company: 1) is based in unsafe countries, 2) has a very bad reputation 3) has a lot of complaints 4) It is a relatively new broker without seniority. These characteristics make the company very unreliable.

How to recover money from 5markets?

If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.

Are there (recommended) alternatives to 5markets?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

133 comments on «5markets: Rating and comments»

    • Recommended-brokers.com Reply

      Hello Gastón, thanks for commenting on 5markets. At present it is considered a SCAM. The BCSC (The Financial Regulator of British Columbia) has put an alert on them, for not having the regulation to carry out their activity (See link ).

      If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.

      If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY

      Greetings.

  1. Daniela Reply

    Hello. Can you tell me about 5Markets .co if it is reliable. Thank you

    • Recommended-brokers.com Reply

      Hi Daniela, thanks for writing about 5Markets. Currently this broker is considered a SCAM.

      If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.

      If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or check this link: CLAIM YOUR MONEY

      Greetings.

  2. Patricia Figueroa Reply

    Hello, this company says that it can recover money invested in a forex company, I would like to know if it is real and if it really has the power to recover it, the owner is Jose Cossio from Bolivia.
    I want to know if it's real because they're asking me for money to get mine back.

    • Recommended-brokers.com Reply

      Hello Patricia, I see that you have left several identical messages in different brokers, the information you provide us is that the owner is Jose Cossio, but we need to know which broker you are talking about, do you have the website or an email? It doesn't give me much confidence since unfortunately today there are many scams with companies that assure you that they will recover your capital and in the end they are just another scam, you have to be cautious. We offer you the option of recovering with the most experienced, serious and professional company that the first thing it will do is assess your case and say if there is a real possibility of recovery or not.

      If you want to recover your money go to our chat or check this link: CLAIM YOUR MONEY

      Greetings.

  3. Patricia Figueroa Reply

    Hello, this company says that it can recover money invested in a forex company, I would like to know if it is real and if it really has the power to recover it, the owner is Jose Cossio from Bolivia.

    I want to know if it's real because they're asking me for money to get mine back.

    • Recommended-brokers.com Reply

      Hello Patricia, you have to file a complaint with the Cyprus regulator (Cysec) so that they take away their license, everything they offer is a lie, everything is a fraud, the money will never be returned to you and the operations are fictitious, all money that you send them you will never see it again. Thank you for your comment on 5markets. This broker is considered a SCAM. We suggest NOT sending money, they lie to steal from you, the operations are fictitious, the money is never crossed with the market, they simulate it and in the end they mark you and say that you lost everything and they keep it.

      If when you request a withdrawal, they ask you for more money to pay commissions, taxes, fees, legalizations, etc. Never do it! It is a clear warning that you are a client of a fraud broker and even if you pay, they will never return your money.

      All the information you provide about the company will help those affected by this broker, explain in detail how everything happened, what advertising you saw, the name of your advisor, numbers, emails from which you have been contacted, etc.

      To recover your money talk to our CHAT or click on this link: CLAIM YOUR MONEY

      Greetings.

  4. Comfort Reply

    5 markets is a scam the page should be closed. Nicole Ferrara is the person who has scammed me. They are little by little deception and they do not return your money, they always ask you for more money.

    • Recommended-brokers.com Reply

      Hello Consuelo, you have to file a complaint with the Cyprus regulator (Cysec) so that they take away their license, everything they offer is a lie, everything is a fraud, the money will never be returned to you and the operations are fictitious, all money that you send them you will never see it again. Thank you for your comment on 5markets. This broker is considered a SCAM. We suggest NOT sending money, they lie to steal from you, the operations are fictitious, the money is never crossed with the market, they simulate it and in the end they mark you and say that you lost everything and they keep it.

      If when you request a withdrawal, they ask you for more money to pay commissions, taxes, fees, legalizations, etc. Never do it! It is a clear warning that you are a client of a fraud broker and even if you pay, they will never return your money.

      All the information you provide about the company will help those affected by this broker, explain in detail how everything happened, what advertising you saw, the name of your advisor, numbers, emails from which you have been contacted, etc.

      To recover your money talk to our CHAT or click on this link: CLAIM YOUR MONEY

      Greetings.

  5. Roberto Martínez Reply

    I was cheated scammed by 5 markets I would like you to help me recover my money since the capital that I deposited with pure deceit was too much thank you very much

    • Recommended-brokers.com Reply

      Hello Roberto, you have to file a complaint with the Cyprus regulator (Cysec) so that they take away their license, everything they offer is a lie, everything is a fraud, the money will never be returned to you and the operations are fictitious, all money that you send them you will never see it again. Thank you for your comment on 5markets. This broker is considered a SCAM. We suggest NOT sending money, they lie to steal from you, the operations are fictitious, the money is never crossed with the market, they simulate it and in the end they mark you and say that you lost everything and they keep it.

      If when you request a withdrawal, they ask you for more money to pay commissions, taxes, fees, legalizations, etc. Never do it! It is a clear warning that you are a client of a fraud broker and even if you pay, they will never return your money.

      All the information you provide about the company will help those affected by this broker, explain in detail how everything happened, what advertising you saw, the name of your advisor, numbers, emails from which you have been contacted, etc.

      To recover your money talk to our CHAT or click on this link: CLAIM YOUR MONEY

      Greetings.

  6. Yasmin D. Reply

    HELLO, THANK YOU, I WAS ABLE TO RECOVER MY CAPITAL, I REALLY THANK YOU, THANK YOU VERY MUCH!

    • Recommended-brokers.com Reply

      Hello Yasmín, FANTASTIC!!!, what joy you give us, one more who has achieved it, from now on if you decide to invest, investigate the brokers before passing the card, on our website you will find them all, read the review and the comments you find.

      If you have been affected by the same scam, you already know the way to recovery, contact CHAT or click here:
      https://brokersrecomendados.com/reclama-tu-dinero-te-ayudamos/

      If you are looking for our recommendations click HERE

      Greetings and good luck.

  7. DANI Reply

    FRIENDS WE SHOULD REALLY UNITE AND REPORT… WE CAN'T ALLOW THIS. ANY HACKERS IN THE ROOM OR LAWYERS? A FORMER 5MARKETS EMPLOYEE? WE HAVE TO GET OUR MONEY BACK

    • Recommended-brokers.com Reply

      Hello DANI, any help is welcome, we hope the support of all users to put an end to these scammers.

      Greetings.

  8. Elizabeth V. Arribasplata Odiaga Reply

    Sirs. These scammers must stop, I have been scammed by the company 5 Markets, in the person of Clara Hill and Ana Smith Financial Advisor, who ordered the deposits of 250.00 and 500.00 dollars, through deposits in soles in the accounts SAFETYPAY payment, name PAY RETAILERS RV, in continental bank, equivalent in S/. 1004.50 and 2026.50, according to the advisor's instructions, indicated that the increase in the investment should be expected, and when I request the withdrawal of the equivalent of the deposit, I have been blocked on the 5 Markets page, without giving the option to withdraw the money deposited .
    The phone number is next. +35796158428. I will thank whoever it corresponds to end these scams and help us recover the money deposited.

    • Recommended-brokers.com Reply

      Hello Elizabeth, what a pity! If you had done a little research and found us, you would have been saved. Everything they offer is a lie, everything is a fraud, the money will never be returned to you and the operations are fictitious, all the money you send them you will never see again. Thank you for your comment on 5markets. This broker is considered a SCAM. We suggest NOT sending money, they lie to steal from you, the operations are fictitious, the money is never crossed with the market, they simulate it and in the end they mark you and say that you lost everything and they keep it.

      If when you request a withdrawal, they ask you for more money to pay commissions, taxes, fees, legalizations, etc. Never do it! It is a clear warning that you are a client of a fraud broker and even if you pay, they will never return your money.

      All the information you provide about the company will help those affected by this broker, explain in detail how everything happened, what advertising you saw, the name of your advisor, numbers, emails from which you have been contacted, etc.

      To recover your money talk to our CHAT or click on this link: CLAIM YOUR MONEY

      Greetings.

      • Carla

        I have also been scammed recently and with a lot of money invested. My broker is called Alesia James. She also has a number with a 357 prefix which happens to be from Cyprus. I even made a transfer for the amount that they asked me for taxes according to the letter - false that they supposedly sent me from the Bank of England. The withdrawal department they speak of does not exist, everything is false from beginning to end.
        Now, knowing how they operate through 5-markets, there really is no way to go after them and put all that gang of thieves in jail, it's so easy that they steal and nothing happens here? I have lost a lot of money, but the worst thing is that, that nobody takes action on the matter, incredible. I have already filed a complaint with the Police Headquarters with all the documentation and screenshots that I have been able to collect. My bank has also made a claim for fraud. Yes, drug traffickers can be captured, those fraudulent brokers also because it is known who they are and where they are.

      • Recommended-brokers.com

        Hello Carla, you have to file a complaint with cysec so that they take away their license, everything they offer is a lie, everything is a fraud, the money will never be returned to you and the operations are fictitious, all the money you send them you will not get back watch. Thank you for your comment on 5markets. This broker is considered a SCAM. We suggest NOT sending money, they lie to steal from you, the operations are fictitious, the money is never crossed with the market, they simulate it and in the end they mark you and say that you lost everything and they keep it.

        If when you request a withdrawal, they ask you for more money to pay commissions, taxes, fees, legalizations, etc. Never do it! It is a clear warning that you are a client of a fraud broker and even if you pay, they will never return your money.

        All the information you provide about the company will help those affected by this broker, explain in detail how everything happened, what advertising you saw, the name of your advisor, numbers, emails from which you have been contacted, etc.

        To recover your money talk to our CHAT or click on this link: CLAIM YOUR MONEY

        Greetings.

  9. CARLOS Reply

    I have been scammed by 5markets web trader they made me deposit $250 the first days everything normal increased the money by $450, my broker who contacted me was Chloe, after 2 weeks he told me that there was a group to bet on Bitcoin and that each one had to give $2000 dollars, and in 2 weeks I was going to earn $20,000 dollars, I told her that I was not going to put more money than what I have at the moment, she got upset and started telling me that she is not here to waste time, and that for those transactions he earned very little and he was interested in raising the profit and that otherwise he could not help me and that he would no longer support me in more transactions, I told him I'm sorry so I'll have to withdraw, well if that's how you decided it's fine, and he hung up, so I wanted to to make the withdrawal of the money that I had and it came out that they had to verify and it took 24 hours, I waited 24 hours and when I wanted to enter my account it was blocked, I told Chloe and she told me that yes, that on Monday we would see that, I arrived Monday , he called me on the phone and told me that my account had gone up to a VIP account, that's why they blocked it and that I had won $19,000 dollars and that I had to deposit some taxes to make the transfer to Trávez de Buda, I told him that I didn't have and He told me how much you have, I don't want to deposit any more money, and he told me that I was going to lose everything and that's how he hung up on me and thank goodness I lost $250 dollars. But I have the conversation recorded when he asked me for money. I also have a screenshot of the account where it says that Viber conversations are blocked. I hope these scammers can be caught. Any help, do not hesitate to contact me. Thank you very much for the opportunity.

    • Recommended-brokers.com Reply

      Hi CARLOS, it's a shame, if you had done a little research and found us, you would have been saved. Everything they offer is a lie, everything is a fraud, the money will never be returned to you and the operations are fictitious, all the money you send them you will never see again. Thank you for your comment on 5markets. This broker is considered a SCAM. We suggest NOT sending money, they lie to steal from you, the operations are fictitious, the money is never crossed with the market, they simulate it and in the end they mark you and say that you lost everything and they keep it.

      If when you request a withdrawal, they ask you for more money to pay commissions, taxes, fees, legalizations, etc. Never do it! It is a clear warning that you are a client of a fraud broker and even if you pay, they will never return your money.

      All the information you provide about the company will help those affected by this broker, explain in detail how everything happened, what advertising you saw, the name of your advisor, numbers, emails from which you have been contacted, etc.

      To recover your money talk to our CHAT or click on this link: CLAIM YOUR MONEY

      Greetings.

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