ARTSMRKTS Forex Broker provides real users with * positive reviews, 1 neutral reviews and 1 exposure review!
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Garbage platform, once you buy in and they see you're making a profit, they suddenly start blocking withdrawals.
However, I have yet to receive the 30% welcome bonus they promised. The company's customer service hasn't responded to my inquiry up to this point. How can I stand this?
Artsmrkts has garnered a mixed reputation in the forex trading community, with an overall rating of 0.85 out of 5 stars across various reviews. While the broker offers attractive cashback options and claims to lower trading costs through rebates, user experiences highlight concerns regarding customer service and regulatory oversight. Traders should weigh these aspects carefully when considering Artsmrkts for their trading needs.
Note: Its important to recognize that different entities operate under the Artsmrkts brand across various regions, which may affect user experiences and regulatory compliance. This review aims to provide a fair and accurate assessment based on available data.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 5 |
| Tools and Resources | 6 |
| Customer Service and Support | 4 |
| Trading Experience | 6 |
| Trustworthiness | 3 |
| User Experience | 5 |
| Additional Features | 7 |
We rate brokers based on user feedback, expert opinions, and factual data to provide a comprehensive overview.
Founded in 2007, Artsmrkts positions itself as a leading provider of forex rebates, primarily focusing on reducing trading costs for its clients. The broker operates on popular trading platforms like MT4 and MT5, catering to a variety of asset classes, including forex, commodities, and indices. However, it lacks significant regulatory oversight, which raises concerns about its trustworthiness.
Artsmrkts operates in multiple regions, but it has not been verified to have valid regulatory licenses, which poses a risk for traders. According to WikiBit, there are reports of unregulated activities, which could affect user trust and security.
The broker supports several currencies for deposits and withdrawals, although specific details on cryptocurrency options are not extensively covered in the reviews. Traders should confirm the available options directly with Artsmrkts.
The minimum deposit required to open an account with Artsmrkts varies, but it is suggested to be relatively low, making it accessible for new traders. However, exact figures are not consistently reported across sources.
Artsmrkts frequently promotes cashback offers and rebates, claiming to beat competitors' rates. According to various reviews, cashback is provided per closed position, effectively lowering the trading spread. For instance, if a traders rebate is 1 pip and their spread is 3 pips, their net spread becomes 2 pips, enhancing profitability (Luxury Miami News).
The broker offers a wide range of tradable assets, including major and minor currency pairs, commodities, and indices. This diversity allows traders to build a well-rounded portfolio.
While Artsmrkts claims to offer competitive spreads, user reviews indicate variability in costs, which may be influenced by the account type and trading volume. The absence of transparent fee structures raises questions about the overall trading costs.
Leverage options at Artsmrkts are not clearly defined in the reviews. Traders should verify the leverage ratios available for different asset classes directly with the broker.
Artsmrkts primarily supports the widely-used MT4 and MT5 trading platforms, which are known for their user-friendly interfaces and robust analytical tools.
The reviews do not specify any restricted regions for Artsmrkts, but traders should check the broker's terms and conditions for any geographical limitations.
Customer support at Artsmrkts is primarily offered in English, but the effectiveness and responsiveness of the service have been criticized in user reviews.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 5 |
| Tools and Resources | 6 |
| Customer Service and Support | 4 |
| Trading Experience | 6 |
| Trustworthiness | 3 |
| User Experience | 5 |
| Additional Features | 7 |
Users have rated Artsmrkts' account conditions as average, with a score of 5 out of 10. The broker offers several account types, but the lack of clear information on minimum deposits and fees can be confusing for potential clients.
With a rating of 6, Artsmrkts provides standard trading tools available on MT4 and MT5. However, the absence of advanced analytical tools or educational resources limits the trading experience for less experienced traders.
Customer service has received a low rating of 4 due to reported delays in response and inadequate support. Users have expressed frustration over the lack of timely assistance, which can be critical in the fast-paced trading environment.
The trading experience is rated at 6, reflecting a generally smooth operation on popular platforms. However, users have noted concerns regarding costs and the overall transparency of the trading conditions.
Trustworthiness is a significant concern for Artsmrkts, with a rating of just 3. The lack of regulatory oversight and mixed user reviews highlight the risks associated with trading through this broker.
User experience is rated at 5, indicating a mixed reception. While some traders appreciate the cashback offers, others have raised concerns about customer support and transparency.
With a rating of 7, Artsmrkts' cashback and rebate programs are a highlight. The broker positions itself as a cost-saving option for traders, although the effectiveness of these offers can vary.
In summary, while Artsmrkts presents appealing features like cashback and a variety of trading assets, potential traders should proceed with caution due to concerns regarding regulatory compliance and customer support. This comprehensive analysis aims to provide a balanced view, allowing traders to make informed decisions based on the Artsmrkts review.
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