5Markets Review : Fees, Pros and Cons, Reviews by Real Traders

5Markets

Operating status: SCAM

Website: https://www.5markets.io/

Broker violations and abnormal records

Mar 20, 2022 The Spanish CNMV Added 5Markets into Its Warnings and Alerts
On 21 Mar 2022, the CNMV issued a warning that 5Markets has not been authorised to provide investment services, you may visit: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=UNCANNY%20SERVICES%20LTD

On 21 Mar 2022, the CNMV issued a warning that 5Markets has not been authorised to provide investment services, you may visit: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=UNCANNY%20SERVICES%20LTD
Mar 30, 2022 BrokersView has reviewed that 5Markets is an Unregulated 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). But please be informed, 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.
What's more, the Spanish National Securities Market Commission (CNMV) issued a warning that this firm has not been authorized to provide forex investments and services. So 5Markets is not regulated by any regulators. That means investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.

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). But please be informed, 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.What's more, the Spanish National Securities Market Commission (CNMV) issued a warning that this firm has not been authorized to provide forex investments and services. So 5Markets is not regulated by any regulators. That means investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.
Apr 21, 2022 The Italy CONSOB Added 5Markets into Its Warnings
On 22 April 2022, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that 5Markets is not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-22-april-2022/718268

On 22 April 2022, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that 5Markets is not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-22-april-2022/718268
Apr 21, 2022 BrokersView has found that 5Markets is using a new domain
BrokersView found 5Markets is using a new domain "https://5markets.co/" to scam.

BrokersView found 5Markets is using a new domain "https://5markets.co/" to scam.
May 29, 2022 The Spain CNMV Warns 5Markets Again
On 30 May 2022, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that 5Markets is not authorised to provide the investment services in Spain. You may visit: http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=4

On 30 May 2022, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that 5Markets is not authorised to provide the investment services in Spain. You may visit: http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=4
Sep 06, 2022 The Italy CONSOB Warns 5Markets Again
On 7 Sep 2022, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that 5Markets is not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-7-september-2022/718268

On 7 Sep 2022, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that 5Markets is not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-7-september-2022/718268
Nov 07, 2022 The British Columbia BCSC Added 5Markets into Its Warnings
On 8 Nov 2022, the British Columbia Securities Commission (BCSC) issued a warning that 5Markets was not registered to trade in, or advise on, securities or derivatives in BC. You may visit: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2022/5markets

On 8 Nov 2022, the British Columbia Securities Commission (BCSC) issued a warning that 5Markets was not registered to trade in, or advise on, securities or derivatives in BC. You may visit: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2022/5markets
Nov 08, 2022 BrokersView has found that 5Markets is not working
On 9 Nov 2022, BrokersView found the domain https://5markets.co/ and https://www.5markets.io/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

On 9 Nov 2022, BrokersView found the domain https://5markets.co/ and https://www.5markets.io/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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