Company profile
Basic Information Registered Countries United Kingdom Regulation No License Company Name BloomsMarkets Limited Minimum Deposit N/A Maximum Leverage N/A Minimum Spread N/A Trading Platform MT5 trading platform Trading Assets forex pairs stock and indices, and precious metals Payment Methods N/A Customer Support Email Support only General Information BloomsMarkets Limited presents itself as an investment platform that connects the global securities market. It says to provide over 40 trading instruments covering forex pairs, stock and indices, and precious metals, which allows clients to trade global financial instruments through an account. However, BloomsMarkets inaccessible official website and lack of essential information make us struggle in presenting a comprehensive picture of this broker. When it comes to regulation, BloomsMarkets Limited disappoints us a lot. This broker is not regulated by any regulatory authority, and here we can see that WikiFX has given it a very low score of 1.64/10. Trading with an unregulated broker is like playing fire. Please be aware of the risk involved. Market Instruments BloomsMarkets boasts that it provides over 40 trading instruments, including forex pairs, stock and indices, and precious metals. Leverage Trading leverage is not mentioned anywhere. However, this is the leverage rule set by most regulatory authorities: the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada. Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10. Trading Platform Believe or not, BloomsMarkets Limited boasts that it provides the industry leading MT5 trading platform. We were unable to find the MT5 download link or screenshot, since BloomsMarkets Limiteds official website cannot be opened now. Customer Support BloomsMarkets Limited is not easily reached, for clients can only get in touch with this broker through an email provided: technical@bloomsmarkets.com. Risk Warning Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience. The information presented in this article is intended solely for reference purposes. Pros & Cons Pros Cons None No regulation Insufficient company information Poor customer support Limited trading instruments Frequently Asked Questions Is BloomsMarkets regulated？ No, BloomsMarkets is not regulated anyway. What trading instruments can I trade with on BloomsMarkets？ BloomsMarkets provides over 40 trading instruments, including forex pairs, stock and indices, and precious metals. How can I contact BloomsMarkets？ BloomsMarkets can only be reached through sending emails.
Is BloomsMarkets safe or scam
United Kingdom
2-5 years
Turnover
Pakistan
The communication on the Online Chat was helpful during my application, the only downfall was the time taken to open the account, however they were thorough in ensuring I was a legitimate client by checking my credentials which I appreciate as it shows they are a legitimate operator. Thankyou for your care and support.
Positive
2024-08-26