75 Markets Forex Broker

AspectInformationCompany Name75 MarketsRegistered Country/AreaAustraliaFounded year2022RegulationNot regulated, flagged as suspicious clone by Australian authoritiesMarket InstrumentsCurrency pairs, stocks, indices, cryptocurrencies, commoditiesAccount TypesN/AMinimum DepositN/AMaximum LeverageN/ASpreadsN/ATrading PlatformsBasic web-based platformOverview of 75 Markets Founded in Australia in 2022, 75 Markets offers a wide range of trading assets including currency pairs, stocks, indices, cryptocurrencies, and commodities. Despite its variety, the platform suffers from significant drawbacks. The inaccessible official website limits transparency, hindering traders from accessing crucial information. Additionally, flagged as a suspicious clone by Australian authorities, 75 Markets' legitimacy is under scrutiny, casting doubt on its reliability and trustworthiness. Is 75 Markets legit or a scam? The regulation status of 75 Markets, flagged as a suspicious clone by AUS authorities, undoubtedly exerts a significant influence on traders utilizing the platform. With regulatory scrutiny looming over the platform, traders face heightened levels of uncertainty regarding the legitimacy and security of their transactions. The lack of proper regulation raises red flags, potentially deterring traders who prioritize transparency and compliance from engaging with 75 Markets. Pros and ConsProsConsWide asset rangeOfficial website inaccessibleLack of transparencyNo customer support channelsFlagged as a suspicious clone by AUS authorities Pros:Wide Asset Range: 75 Markets offers a wide variety of trading assets, allowing users to diversify their portfolios and explore different market opportunities. Cons:Official Website Inaccessible: The platform's inaccessible official website hampers transparency and leaves users uninformed about crucial trading details, while also raising risks about legitimacy.Lack of Transparency: Another notable con is the platform's lack of transparency. Without access to the official website or comprehensive information about its operations, users are left uninformed about critical details regarding trading conditions, fees, regulatory compliance, and company background.No Customer Support Channels: 75 Markets fails to provide adequate customer support channels for users to seek assistance or resolve issues.Flagged as a Suspicious Clone: Identified as a suspicious clone by Australian authorities, 75 Markets' legitimacy is further questioned.Market Instruments 75 Markets offers a range of trading assets across various categories. Currency pairs appear to be available for trading, allowing investors to speculate on the exchange rates between different currencies. Additionally, stocks are offered, providing opportunities to trade shares of publicly listed companies. For those interested in broader market movements, indices are available as tradable assets, enabling investors to speculate on the performance of entire market sectors or regions. The platform also supports trading in cryptocurrencies, allowing users to engage in the volatile yet potentially lucrative digital asset market. Furthermore, commodities seem to be part of the offering, providing traders with the opportunity to invest in physical goods such as gold, oil, or agricultural products.Leverage The maximum leverage offered by 75 Markets varies across different asset classes. For Forex, traders can access leverage up to 400:1, enabling amplified exposure to currency fluctuations. Stocks trading allows for a maximum leverage of 100:1, providing a moderate level of leverage for equity investments. In the case of Crypto, the maximum leverage is 10:1, reflecting the heightened volatility and risk associated with digital currencies. Gold trading also offers leverage up to 100:1, aligning with its status as a popular commodity asset. Similarly, Indices trading provides a maximum leverage of 100:1, offering traders the potential for enhanced returns or losses based on market movements.AssetMaximum LeverageForex400:1Stocks100:1Crypto10:1Gold100:1Indices100:1Trading Platform 75 Markets utilizes a fairly basic web-based trading platform, a characteristic commonly associated with less reputable brokers. While the platform offers fundamental features such as order placement, chart customization, and application of technical indicators, it falls short in comparison to industry-standard platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The absence of more advanced functionalities may limit traders' ability to execute complex strategies and conduct in-depth analysis, potentially hindering their trading experience.Customer Support The customer support of 75 Markets is lacking in responsiveness and effectiveness, failing to meet the needs and expectations of users. Traders may experience prolonged waiting times for assistance, encountering difficulties in resolving issues or inquiries promptly. Furthermore, the quality of support provided may be subpar, with representatives displaying a lack of expertise or professionalism in addressing customer risks.Conclusion In conclusion, while 75 Markets offers a wide range of trading assets, including currency pairs, stocks, indices, cryptocurrencies, and commodities, its operational shortcomings outweigh its potential benefits. The platform's lack of regulation, flagged as a suspicious clone by Australian authorities.FAQs Is 75 Markets regulated? No, it is not regulated and has been flagged as a suspicious clone by Australian authorities. What trading assets are available on 75 Markets? Currency pairs, stocks, indices, cryptocurrencies, and commodities. What is the maximum leverage offered by 75 Markets? The maximum leverage varies, with 400:1 for Forex, 100:1 for stocks, 10:1 for cryptocurrencies, 100:1 for gold, and 100:1 for indices. What trading platform does 75 Markets use? It uses a basic web-based platform.Risk Warning With a low score and lacking valid regulation, the platform presents significant risks to investors. The purported AustraliaASIC regulation is suspected to be a clone, further casting doubt on the platform's legitimacy. Additionally, the absence of trading software raises risks about the reliability and functionality of the platform. Given these red flags, investors are urged to stay away from 75 Markets to safeguard their funds and avoid potential financial losses.