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Peak Markets Forex Broker provides real users with * positive reviews, * neutral reviews and 9 exposure review!

Peak Markets Broker Review

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Peak Markets Review 9

Latest All(9) Exposure(9)
Exposure
The exchange and the support staff collude to withhold customers' funds.

I invest in peak markets, with support from a person named Bá Long. This person reported a problem with the deposit gateway, so if I want to deposit, I have to go through him. I sent him a deposit of $1000 and received a bonus of $500 added to my account, but when I tried to withdraw, I didn't receive the $1500. When I messaged and called to ask for the money back, Bá Long didn't respond, deleted the history, and blocked me. Everyone, stay away from this unreliable platform, as their support staff embezzles money from customers like me!

MQ3758
2024-11-14
Exposure
Withdrawals are not allowed. The hotline number of the exchange is not answered.

I placed a withdrawal order to withdraw money from the date of July 31st until now, but I still haven't been able to withdraw the money. I called the hotline number of the exchange, followed all the requirements of the exchange, and also provided all the necessary documents as requested by the exchange, but the exchange still does not allow me to withdraw money. Currently, when I call the hotline number of the exchange, no one answers the phone.

Thao Kimngan
2024-08-09
Exposure
Allowing random orders—not allowing closing losing orders

I was invited to participate in off-exchange investment. At first, I deposited 1000 USD with 1:1 expert support. Every day, I follow the expert's orders. There are some profitable orders and some losing orders. I think it's normal to have profits and losses in investment. So when I saw a large losing order, I asked the expert to cut the loss, but they refused and asked me to deposit more to hold the position. After 4 deposits, the amount I deposited increased to 9000 USD. When I proactively cut one losing order, the expert called and demanded that I not cut it. When I asked, they always replied that it was fine. But when my order reached a loss of 71,000 USD, they asked me to deposit an additional 20,000 USD to maintain the account. At this point, I feel like I have been trapped and cannot control my account. The volume I requested was small, but when I didn't trade the full volume, the expert would call and urge me to trade the full volume. On 33+31/7, despite having a large profit, the actual status of the orders was still negative, so there was no money in the account for me to withdraw. I hope all investors are cautious.

LêThịVui
2024-08-08
Exposure
Reported that the exchange does not allow withdrawals

This platform deceives and misappropriates the assets of investors. Withdrawal requests are not approved, and the platform has no right to hold investors' funds. Withdrawals are slow, and when calling the hotline, they do not answer or provide unreasonable reasons. I have followed all the required procedures, but the platform still does not resolve the issue. When calling the platform, they do not answer. They deduct money from my account even though I did not make any trades or modify my trading orders.

Thao Kimngan
2024-08-08
Exposure
The exchange trapped me when I withdrew money.

The exchange said my withdrawal order was error-prone, I had to place an order with the code EURTRY_ to validate the withdrawal and the order closed automatically after a few minutes. They said the money would arrive within the same day. I waited and didn't see the money coming back. I tried to contact them again but it didn't work. The person who contacted me denied it, saying it was someone from Fonory. They deleted the previous contact chat and denied any involvement. Blatant fraud. One day he said he was helping me withdraw money, the next day he said he was from another exchange.

thái485
2024-06-26
Exposure
Place orders indiscriminately, do not allow withdrawals

Giving orders against the trend, leading to a negative account. Then deposit money into account. When I wanted to withdraw money, it was refused.

thuan8711
2024-06-14
Exposure
Request a refund

I deposited a few accounts of $7,000 from the exchange to buy the Zurich stock code during the offer. And IB helps me place orders for currency pairs to surf. IB 5 times 7 requests to deposit more money to save that stock code. I did not agree. On April 12, 2024, the stock code paid dividends and I received $11,000 the stock code had a negative loss of $6,000 after paying dividends. I stopped the order and requested to withdraw the entire remaining amount, but the floor suspended my withdrawal order for the reason of the bonus. And if you want to get it back, you must have enough trading volume, I did not agree. The exchange proactively placed orders, leading to my account burning on April 18, 2024

Trần Quân
2024-04-18
Exposure
Request a refund with a profit guarantee

I was invited to invest with a commitment of 10% profit per week, on April 8, 2024 I deposited 2000 USD, on April 10, 2024 I deposited another 2000 USD, on April 15, 2024 My account was liquidated, all transactions are supported by the trading floor.

hồng6248
2024-04-16

  

Peak Markets 2025 Review: Everything You Need to Know

  Summary: The overall assessment of Peak Markets reveals significant concerns regarding its legitimacy and regulatory status. Users frequently report issues with fund withdrawals and unresponsive customer support, making it a risky choice for traders. Notably, the broker operates without proper regulation, which raises serious red flags for potential investors.

  Note: It is important to highlight that the broker operates across different jurisdictions, which may complicate regulatory oversight. This review aims to provide a fair and accurate representation of the available information.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 3
Tools and Resources 4
Customer Service and Support 2
Trading Setup (or Experience) 3
Trustworthiness 2
User Experience 3

  How We Rate Brokers: Our ratings are based on a combination of user feedback, expert opinions, and factual data regarding the broker's operations and offerings.

  

Broker Overview

  Founded in 2017, Peak Markets Ltd operates as an unregulated broker registered in Saint Lucia. The platform provides access to a range of trading instruments, including forex, commodities, stocks, cryptocurrencies, and indices. Traders can utilize the MT5 trading platform, which is known for its advanced features suitable for experienced traders. However, the absence of regulation from recognized financial authorities raises questions about the safety and reliability of the broker.

  

Detailed Section

  

Regulatory Status and Geographic Reach

  Peak Markets operates without oversight from major regulatory bodies like the Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC). This lack of regulation is a significant concern, as it means that investor funds are not protected by any governmental standards. According to Scam Helpers, the broker has faced scrutiny for its unregulated status, which is often a hallmark of fraudulent operations.

  

Deposit/Withdrawal Currencies and Cryptocurrencies

  The broker does not provide specific information regarding the currencies supported for deposits and withdrawals. However, it is common for unregulated brokers to offer limited options in this regard, which can complicate the trading experience for users.

  

Minimum Deposit

  Information on the minimum deposit required to open an account with Peak Markets is not clearly stated in the available sources. This lack of transparency is concerning, as potential investors often rely on this information to gauge the broker's accessibility.

  

Bonuses/Promotions

  There is no substantial evidence indicating that Peak Markets offers any bonuses or promotions. This absence of promotional incentives may suggest a lack of competitive strategies to attract new traders.

  

Tradable Asset Classes

  Peak Markets claims to offer a variety of tradable asset classes, including forex, commodities, stocks, cryptocurrencies, and indices. However, the lack of regulatory oversight means that the quality and execution of these trades may not meet industry standards.

  

Costs (Spreads, Fees, Commissions)

  The broker advertises spreads starting from 0.0 pips, but user reviews indicate that actual trading conditions may vary significantly. Many users have reported issues with hidden fees and unexpected costs, which can erode potential profits. According to BrokersView, the broker's lack of transparency regarding costs is a major drawback.

  

Leverage

  Peak Markets offers a maximum leverage of up to 1:1000, which can magnify both potential profits and losses. While high leverage can attract traders seeking significant returns, it also increases the risk of substantial losses, particularly for inexperienced traders.

  

Allowed Trading Platforms

  The primary trading platform offered by Peak Markets is MT5, which is well-regarded for its advanced features. However, the availability of additional platforms or tools is not clearly communicated, limiting options for traders who may prefer different interfaces.

  

Restricted Regions

  The broker does not provide clear information regarding restricted regions, which is a common practice among unregulated brokers. This lack of clarity can lead to complications for traders in certain jurisdictions attempting to access the platform.

  

Available Customer Service Languages

  Customer support is reportedly limited, with many users expressing frustration over unresponsive communication. The broker's customer service is primarily conducted in English, but the effectiveness of support remains a significant concern.

  

Repeated Ratings Overview

Category Rating (out of 10)
Account Conditions 3
Tools and Resources 4
Customer Service and Support 2
Trading Setup (or Experience) 3
Trustworthiness 2
User Experience 3

  

Detailed Breakdown

  

Account Conditions

  The account conditions at Peak Markets are rated poorly due to the lack of transparency regarding minimum deposits and withdrawal procedures. Users have reported difficulties in accessing their funds, which is a critical aspect of any trading platform.

  

Tools and Resources

  While the broker offers MT5, the overall range of tools and resources available is limited. Users have expressed a desire for more educational materials and trading aids to enhance their experience.

  

Customer Service and Support

  Customer support is a significant pain point for users, with many reporting unresponsive or ineffective assistance. This lack of support can be detrimental, especially when traders face issues with their accounts or withdrawals.

  

Trading Setup (or Experience)

  The trading experience is marred by reports of hidden fees and unexpected costs. Users have also noted that the execution of trades can be inconsistent, leading to frustration and dissatisfaction.

  

Trustworthiness

  The trustworthiness of Peak Markets is severely undermined by its unregulated status and numerous user complaints regarding withdrawal issues. Many users have labeled it as a potential scam, which is a major red flag for prospective investors.

  

User Experience

  Overall user experience is rated low due to the combination of poor customer support, lack of transparency, and reported difficulties in fund withdrawals. These factors contribute to a negative perception of the broker among its users.

  In conclusion, potential investors should exercise extreme caution when considering Peak Markets. The combination of an unregulated status, user complaints, and a lack of transparency presents significant risks that could result in financial loss. It is advisable to explore regulated alternatives that offer greater security and reliability in the trading environment.