Energy Markets Forex Broker provides real users with * positive reviews, * neutral reviews and 2 exposure review!
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I deposited $1275 but my account was blocked.
They will pursuade u to deposit more money but you can not get your money
In this comprehensive review of Energy Markets, we delve into the broker's offerings to determine its reliability and suitability for traders in 2025. Overall, the consensus is largely negative, with multiple sources highlighting concerns regarding its unregulated status, questionable practices, and numerous complaints from users. Key findings suggest that while the broker offers various account types and trading instruments, the lack of regulation and transparency raises significant red flags for potential investors.
Note: It is crucial to recognize that Energy Markets operates under different entities across various regions, which can complicate matters of accountability and trustworthiness. The following assessment is based on a thorough analysis of available information to ensure fairness and accuracy.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 3 |
| Trading Setup | 5 |
| Trustworthiness | 2 |
| User Experience | 3 |
We rate brokers based on user feedback, expert insights, and factual data from various sources.
Founded in 2020, Energy Markets, also known as energy-markets.io, positions itself as an offshore forex and CFD broker. It primarily offers the MT4 trading platform, which is popular among traders for its user-friendly interface and robust features. The broker claims to provide access to a range of trading instruments, including forex, commodities, and indices. However, it notably lacks regulation from any major financial authority, which raises concerns about the safety of client funds.
Energy Markets operates without regulation, which is a major concern highlighted across multiple reviews. According to Valforex, the broker is based in Dominica and does not offer any security cover for deposits. This lack of oversight implies that clients have no recourse in the event of issues or disputes. Furthermore, the broker has been flagged by various financial regulators, including the CNMV and CONSOB, for fraudulent activities, indicating a high-risk environment for traders.
Depositors can use various currencies, including USD and EUR, with a minimum deposit requirement of $500 for the Start Account, escalating to $100,000 for the VIP Account. However, user reviews consistently mention difficulties in withdrawing funds, with many reporting that their withdrawal requests are either delayed or outright denied. According to Personal Reviews, clients have experienced significant challenges in retrieving their money, often leading to frustration and financial loss.
Energy Markets offers various bonuses ranging from 30% to 100% depending on the account type. While these promotions may appear attractive, they often come with strings attached, such as high trading volume requirements that can trap clients into making further deposits before they can withdraw their funds. This practice is commonly viewed as a tactic used by unregulated brokers to retain client funds, as noted by ScamWatcher.
The broker provides spreads starting from 3 pips, but the costs can vary significantly depending on market conditions and the account type. The leverage offered ranges from 1:200 for lower-tier accounts to 1:30 for VIP accounts, which can amplify both potential gains and losses. However, the lack of transparency regarding fees and commissions is a common complaint, as many users report unexpected charges that were not clearly outlined at the outset.
Energy Markets exclusively uses the MT4 platform, which is well-regarded for its comprehensive trading tools and features. However, the broker's limited offering of platforms may deter some traders who prefer more versatile options. Additionally, the absence of a mobile app can be a disadvantage for those who wish to trade on the go.
Customer support for Energy Markets is another area of concern. Users frequently report poor communication and unresponsive service, with many complaints indicating that inquiries go unanswered after initial deposits are made. This lack of reliable support can be detrimental for traders seeking assistance or clarification regarding their accounts.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 3 |
| Trading Setup | 5 |
| Trustworthiness | 2 |
| User Experience | 3 |
Account Conditions: The various account types offered by Energy Markets cater to different trading needs, but the minimum deposit requirements are quite high, especially for the more advantageous accounts.
Tools and Resources: While MT4 is a robust platform, the lack of additional trading tools and resources limits the trading experience for users.
Customer Service and Support: The overwhelming feedback regarding customer service is negative, with many users expressing frustration over unresponsive support.
Trading Setup: The trading conditions, including spreads and leverage, are competitive but not enough to outweigh the concerns regarding the broker's legitimacy.
Trustworthiness: The absence of regulation and multiple warnings from financial authorities severely impact the broker's trustworthiness.
User Experience: Overall user experience is marred by withdrawal issues and poor customer service, leading to dissatisfaction among clients.
In conclusion, the Energy Markets review reveals a broker with significant red flags, particularly concerning its unregulated status and negative user experiences. Potential traders are strongly advised to conduct thorough research and consider regulated alternatives to safeguard their investments.
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