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 tell you why we came to such a conclusion:

Basic Information

🌐 Websitefivemarkets.io
🏠 CompanyUncanny Services LLC
Regulationnot regulated
📧 Email[email protected]
📈 PlatformWeb trader
📌 AddressSt. Vincent and the Grenadines

⚠️ 5Markets is owned by Uncanny Services 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. The company is located in a very unsafe place, be careful. ⚠️

Account types

Now we are going to analyze the types of accounts that 5Markets offers, in this case, we observe that it offers 3 different types of accounts:

Account typeMinimum initial deposit
Student 250€
Pro 1,000€
Pro + 2,499€

Information on the web

5Markets website

5Markets provides a basic explanation about the financial products it offers, an educational section, market news although in English, economic calendar also in English, some financial calculators, not much more than this.

List of phone numbers

  • The company does not have phone numbers.

🚫 5Markets Final Valuation 🚫

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:

DateUpdate – news
September 2022Complaint against financial regulator 5Markets: CONSOB.

User Reviews

What do you think of 5Markets? What has been your experience?

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

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


How to Claim Money Scammed by 5Markets

How to Report 5Markets

Frequently Asked Questions

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 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 reliable?

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.


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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.

2 comments on «Is 5Markets a scam? 2022 Reviews»

  1. PAUL L. Reply

    Hello, I was scammed by them, the company is anything, BE CAREFUL

    • Recommended-brokers.com Reply

      Hello PABLO L, 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.

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