Cooper Markets 2025 Review: Everything You Need to Know
Cooper Markets has been a topic of discussion among traders, with opinions largely skewed towards the negative. Many users have reported issues regarding withdrawals, misleading trading conditions, and aggressive marketing tactics. Key features include the use of the MetaTrader 4 platform and a minimum deposit requirement of $100, but the lack of regulation raises significant concerns about its legitimacy.
Note: It is essential to consider that Cooper Markets operates under different entities across various regions, which can complicate regulatory oversight and accountability. This review aims to provide a fair and balanced perspective based on the most recent findings.
Rating Overview
We evaluate brokers based on user reviews, expert opinions, and factual data.
Broker Overview
Founded in 2018, Cooper Markets operates under the jurisdiction of Saint Vincent and the Grenadines, a region known for its lax regulatory framework. The broker offers trading through the widely-used MetaTrader 4 platform, which is favored for its reliability and extensive features. Cooper Markets provides access to a limited range of assets, primarily focusing on Forex and CFDs, but lacks the diversity found in more reputable brokers. Notably, it is not regulated by any major financial authority, which raises red flags for potential investors.
Detailed Breakdown
Regulatory Geography
Cooper Markets is registered in Saint Vincent and the Grenadines (SVG), a jurisdiction that does not regulate Forex trading. This lack of oversight is a significant concern, as many users have reported issues with fund withdrawals and trading conditions. Additionally, the broker has faced warnings from financial authorities in Malaysia and the Czech Republic, further highlighting its dubious standing in the market.
Deposit/Withdrawal Methods
The broker supports a variety of deposit and withdrawal methods, including credit/debit cards, wire transfers, and cryptocurrencies. However, the absence of traditional payment methods like credit cards raises concerns, as these often allow for chargebacks in cases of fraud. The minimum deposit required to open an account is $100, which is relatively low, but the withdrawal process has been reported to be fraught with difficulties.
Cooper Markets has been known to offer various bonuses and promotions, but these often come with stringent conditions that make it challenging for traders to withdraw their funds. Many users have reported that bonuses are tied to trading volume requirements that are nearly impossible to meet, leading to frustration and financial loss.
Tradable Asset Classes
The available asset classes at Cooper Markets include major currency pairs, commodities, and indices. However, the lack of stocks and cryptocurrencies significantly limits trading opportunities. Many traders have expressed disappointment with the narrow range of instruments, especially when compared to other regulated brokers that offer a broader selection.
Costs (Spreads, Fees, Commissions)
Cooper Markets advertises spreads starting from 1.5 pips, which is in line with industry averages. However, traders have reported experiencing slippage and execution issues, leading to further dissatisfaction. Additionally, there are claims that hidden fees may apply, although these are not clearly defined in the broker's terms and conditions.
Leverage
The broker offers leverage of up to 1:500, which is significantly higher than what is permitted by many regulated brokers. While high leverage can amplify profits, it also increases the risk of substantial losses, especially among inexperienced traders. The absence of negative balance protection is another critical concern.
Cooper Markets primarily utilizes the MetaTrader 4 platform, which is well-regarded in the trading community. The platform is available on both desktop and mobile devices, allowing for flexible trading options. However, the overall trading experience has been marred by reports of platform instability and execution issues.
Restricted Regions
Cooper Markets does not provide services in several regulated regions, including the United States and the European Union. This limitation is often indicative of brokers that do not comply with stringent regulatory requirements, further questioning their legitimacy.
Available Customer Support Languages
Customer support is available in multiple languages, but many users have reported poor service quality. Complaints about unresponsive support teams and delayed responses have been common, leading to frustration among traders seeking assistance.
Rating Overview (Repeated)
Detailed Evaluation
Account Conditions
Cooper Markets offers a variety of account types, including standard and ECN accounts, with a minimum deposit starting at $100. However, many traders have reported issues with account management and withdrawal processes, leading to a low score in this category.
The broker provides access to the MetaTrader 4 platform, which is a positive aspect. However, the lack of educational resources and trading tools limits the overall trading experience, especially for novice traders.
Customer Service & Support
Customer service has received significant criticism, with many users reporting long wait times and unhelpful responses. This lack of effective support has contributed to a negative perception of the broker.
Trading Experience
The trading experience has been marred by reports of platform instability, slippage, and execution issues. Many users have expressed dissatisfaction with their overall trading experience, leading to a very low score in this category.
Trustworthiness
Given the lack of regulation, numerous user complaints, and warnings from financial authorities, Cooper Markets has a very low trustworthiness rating. Many users have reported being unable to withdraw their funds, which is a significant red flag.
User Experience
Overall user experience has been negative, with many traders expressing frustration over withdrawal issues and poor customer service. This has resulted in a low score for user experience.
In conclusion, while Cooper Markets may seem appealing due to its low minimum deposit and the use of a popular trading platform, the overwhelming negative feedback and lack of regulatory oversight make it a risky choice for traders. Caution is advised for anyone considering investing with this broker.
