75 Markets Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
Business
License
ASIC Suspicious Clone 
I've been with 75 Markets only a couple of months with no issues so far. As a matter of fact the execution and spreads are excellent. The only thing I hope they would improve on is the 24 hour delay with withdrawals other than bank wire. It would great to have instant or same day withdrawals on Neteller and Webmoney at least.
Summary: The overall assessment of 75 Markets is overwhelmingly negative, with numerous reports indicating it operates as a scam. Key findings point to a lack of regulation, poor customer service, and various complaints about withdrawal difficulties.
Note: It is essential to recognize that the different entities operating under similar names across jurisdictions may mislead potential investors. This review aims to provide a fair and accurate assessment based on various sources.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 2 |
| Tools and Resources | 3 |
| Customer Service & Support | 1 |
| Trading Experience | 2 |
| Trustworthiness | 1 |
| User Experience | 2 |
How We Rate Brokers: Our ratings are based on a comprehensive analysis of user experiences, expert opinions, and factual data regarding the broker's offerings.
Founded in 2023, 75 Markets is an offshore brokerage that claims to provide various trading services, including forex, commodities, stocks, and cryptocurrencies. The broker operates a web-based trading platform but lacks the sophistication of industry-standard platforms like MT4 or MT5. Notably, 75 Markets has not disclosed any legitimate regulatory oversight, raising significant concerns about its credibility.
75 Markets is characterized as an unregulated broker, which is a significant red flag for potential investors. According to various sources, including ScamWatcher, the broker falsely claims affiliation with the Australian Securities and Investments Commission (ASIC). This lack of regulation means that clients have no legal recourse should their funds be compromised or if they encounter issues with withdrawals.
The broker does not specify its accepted currencies for deposits and withdrawals, which is a common tactic among fraudulent brokers. Reports suggest that deposits can be made through credit cards, bank transfers, and cryptocurrencies, but the lack of transparency raises concerns. Users have reported difficulties in withdrawing their funds, often facing aggressive tactics to discourage them from doing so.
Details regarding the minimum deposit required to open an account with 75 Markets are unclear. Some reports indicate that the minimum deposit could be as low as $0, but this raises questions about the broker's intentions and business model. Legitimate brokers typically require a reasonable minimum deposit to ensure that clients are committed to trading.
75 Markets has been noted for offering enticing bonuses and promotions, which often come with hidden terms and conditions. Many users have reported that these bonuses are used to entrap clients into high trading volumes that are impossible to achieve, effectively locking their funds within the platform.
The broker claims to offer a wide range of trading instruments, including forex, stocks, indices, commodities, and cryptocurrencies. However, the quality of these offerings is questionable given the overall lack of trustworthiness associated with 75 Markets.
Users have noted that the spreads offered by 75 Markets are relatively high compared to industry standards. The absence of clear information regarding fees and commissions adds to the skepticism surrounding this broker.
Reports on the leverage available through 75 Markets are inconsistent. While some sources suggest high leverage ratios, the lack of regulation means that traders may be exposed to significant risks without adequate protections in place.
75 Markets operates a basic web-based trading platform, which lacks the advanced features and tools available on platforms like MT4 and MT5. This limitation could hinder traders' ability to execute strategies effectively.
The broker does not provide clear information on restricted regions, but the general consensus is that it is accessible to a wide range of international clients. However, the lack of regulatory oversight means that clients from certain jurisdictions may be particularly vulnerable.
Customer support appears to be lacking, with no clear avenues for assistance. Users have reported difficulties in reaching the support team and have often been met with unresponsive or evasive communication.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 2 |
| Tools and Resources | 3 |
| Customer Service & Support | 1 |
| Trading Experience | 2 |
| Trustworthiness | 1 |
| User Experience | 2 |
Account Conditions: The absence of a minimum deposit requirement raises concerns about the broker's credibility. Many users have reported being lured in with promises of high returns but ultimately faced withdrawal issues, leading to a low rating.
Tools and Resources: The lack of advanced trading tools and resources limits the effectiveness of trading strategies. Users have expressed disappointment with the basic web platform that fails to meet industry standards.
Customer Service & Support: The customer service experience is notably poor, with many users reporting that their inquiries go unanswered or are met with evasive responses. This is a significant concern for any trader seeking support.
Trading Experience: The overall trading experience is marred by the platform's limitations and the broker's untrustworthy nature, leading to a low rating in this category.
Trustworthiness: Given the broker's unregulated status and numerous user complaints, trustworthiness is at an all-time low. Many experts recommend avoiding 75 Markets altogether.
User Experience: The user experience is negatively impacted by the broker's lack of transparency and support, resulting in a low rating.
In conclusion, the 75 Markets review paints a concerning picture of a broker that lacks the necessary regulatory oversight and customer support to be considered a safe trading option. Investors are strongly advised to exercise caution and consider more reputable alternatives.
