CH Markets review is collected after a lot of effort and we finally concluded that the traders should not invest with CH Markets broker since their investments may not be safe with CH Markets.
The main motive of Scam Victims Help is to identify the scam brokers in the market and let the traders know about their scam activities. We warn traders to stay away from scam brokers if they want to keep their hard-earned money safe from scams.
- Broker Website – https://chmarkets.com/
- Headquarters or Area of Operation – LTD Building James Street, Fifth Floor First St. Vincent Bank, St. Vincent and the Grenadines
- Warnings –Not Recommended By Review Website Like Scam Victims Help
- When was the CH Markets website domain set up?
|April 10, 2021
|1 year, 3 months, 4 days, 42 minutes, 40 seconds
CH Markets Review: Introduction
CH Markets is an online trading platform that claims to be an award-winning leader in FX, commodities, indices, cryptos, and stock trading. It is located in St. Vincent, and the Grenadines, and the website of the company can be found at https://chmarkets.com/. They also claim to serve individual and institutional clients, providing high-quality, cost-effective, transparent, accessible tools and services globally. All these claims and offers failed due to the lack of information like contact numbers, email addresses, and regulated license. It is a major red flag and all these points indicate that CH Markets are involved in illegal scam activities like forex scams or cryptocurrency scams. Read a complete CH Markets review to learn more about this broker.
CH Markets Review: Regulation
CHMarkets claims to be legit, but the reality is different from their claims. The company is located in St. Vincent and the Grenadines, which is an offshore region. It claims to be registered with the FSPL for dispute resolution services and to be licensed by the FSPC as a Financial Service Provider with the authority to offer the following services: dealing, making a market, and giving advice in connection to foreign currency transactions.
According to our investigation, the FSPC is merely a registration of businesses that are registered in the offshore jurisdictions of the Marshall Islands, Mauritius, Saint Vincent and the Grenadines, and Seychelles. Despite having some impressive credentials, CHMarkets is essentially an unregulated offshore broker and need to be avoided. Instead, we advise using brokers who are overseen by recognized authorities like the Australian regulator or the UK’s FCA.
CH Markets Review: Trading Account
CH Markets offers three types of trading accounts, including Mini, Standard, and VIP. The minimum deposit and spreads, with the standard account spread being particularly large, are the key distinctions among them. The tight spreads for the VIP accounts indicate that there may also be a commission, but we were unable to get any details on this. A free demo account is also present.
Deposit and Withdrawal Methods
Debit and credit cards, as well as bank transfers, are accepted by CHMarkets. These are the most fundamental and typical funding options that forex brokers throughout the world provide. Electronic payment systems like Skrill, Neteller, and PayPal are among the more advanced ones.
Always trade with a legit and trustworthy broker, but CH Markets is an offshore and unregulated broker. Trading with this broker is never safe otherwise you will lose your hard-earned money.
CH Markets Review: Trading Platform
CHMarkets offers trading on MetaTrader 4 (MT4), which is the standard option for most forex brokers across the world. It is popular, and most traders are familiar with it, making it the most obvious choice for brokers.
We got negative reviews and ratings of CH Markets on all sites. After reading all the negative and positive CH Markets reviews, we found that this broker is not legit. We also provide a list of scam brokers 2022 on our Scam Victims Help website that helps you to avoid scam brokers.
CH Markets Review: Conclusion
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Also, check which brokers got the warning from the Italian regulator CONSOB.