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SH markets Forex Broker provides real users with 1 positive reviews, 1 neutral reviews and 3 exposure review!

SH markets Broker Review

1.27

WikiFX monitor

Business

Influence E

License

No license

SH markets Review 5

Latest All(5) Positive(1) Neutral(1) Exposure(3)
Neutral

😂😂😂This broker just vanished. I wasn't actively trading with them, pretty close, I mean. A guy named Luke from this platform, really professional, had me convinced they were a good one.

Sokun Kumi
2024-07-22
Positive
Smooth TradingWeb Platform Offers Wide Trading Options at SH Markets

Good range of trading options at SH Markets, and their platform, TradingWeb, is pretty smooth.

FX1497695345
2024-05-16
Exposure
Investment fraud

After requesting a withdrawal (The system indicates that your account is suspected of money laundering, we recommend that you increase the number of transactions before attempting the withdrawal. We apologize for the inconvenience. After that, if you increase the number of transactions ((!According to the system display, the number of transactions you have made is not yet sufficient, you cannot withdraw money.)), and if you request a withdrawal (((The current transaction The number of transactions is 19. You can apply for withdrawal after completing 31 more transactions. Although the number of withdrawals did not reach 50, I requested a withdrawal and from now on (Customer, according to the information displayed on the system, the principal deposited was 1 million yen, and the profit amount was 12,575.48 If you convert the dollar to Japanese yen, it is 1,896,740 yen. Please confirm )) and ((Regarding tax: 1,896,740 yen ★Normal tax rate: 20.315% Required for normal payment. Tax: 385,322 yen Please contact us again when you are ready to make the remittance.We will provide you with the tax payment account information and the procedure will be completed within 24 hours after the procedure is completed. You can receive the payment for your application. Thank you.

Amy1218
2024-04-20
Exposure
32 million! I got scammed

The person in charge of the SH markets exchange is Kenji Aoki. I was guided by the LINE investment group and was introduced to an exchange called SH markets through the LINE group and created an account. Every time I deposited money into the SH markets exchange, I used a different personal account. The trading guidance here is given by Nobuaki Nishida and Kazuyoshi Hiramatsu on LINE, and how to increase interest rates. When I was under Kazuyoshi Hiramatsu's guidance, I was told that the trade had high volatility, so in order to avoid the risk of a forced loss cut, I was told to add funds and was also given a loan. I was told that 3% interest would be charged and that it was against the law to make repayments from a trading account, and that I would not be able to withdraw money unless I repaid the loan. Furthermore, due to futures trading provided by Kazuyoshi Hiramatsu, withdrawals will not be possible even during futures trading (for 2 weeks, etc.). The movements of the exchange charts are also interesting. I can open the platform, but I can't open the account page. The exchange is definitely a virtual fraud group. Fraud Please refund the 32 million yen immediately.

市田 敬子
2024-04-12
Exposure
32 million! Please refund immediately. The platform is also a virtual scam.

The person in charge of the SH markets exchange is Kenji Aoki.I was guided by the LINE investment group and was introduced to an exchange called SH markets through the LINE group and created an account. Every time I deposited money into the SH markets exchange, I used a different personal account. The trading guidance here will be given guidance and instructions from Nobuaki Nishida and Kazuyoshi Hiramatsu on LINE, and how to increase profits. When I was under Kazuyoshi Hiramatsu's guidance, I was told that the trade had high volatility, so in order to avoid the risk of a forced loss cut, I was told to add funds and was also given a loan. I was told that 3% interest would be charged and that it was against the law to make repayments from a trading account, and that I would not be able to withdraw money unless I repaid the loan. Furthermore, due to futures trading provided by Kazuyoshi Hiramatsu, withdrawals will not be possible even during futures trading (for 2 weeks, etc.). The movements of the exchange charts are also interesting. I can open the platform, but I can't open the account page. The exchange is definitely a virtual fraud group. Please refund the 32 million yen immediately.

市田 敬子
2024-04-10

  

SH Markets 2025 Review: Everything You Need to Know

  Summary: SH Markets has garnered significant concern among traders due to its unregulated status and numerous negative user experiences. The broker is associated with withdrawal issues and high-pressure sales tactics, leading to a low trust rating. Notably, it operates without valid regulatory oversight, raising red flags for potential investors.

  Notice: It is essential to note that SH Markets operates under various regional entities, which may affect its legitimacy and user experience. This review consolidates information from multiple sources to ensure fairness and accuracy.

  

Rating Overview

Category Rating (out of 10)
Account Conditions 2
Tools and Resources 3
Customer Service and Support 2
Trading Setup (or Experience) 3
Trustworthiness 1
User Experience 2

  We evaluate brokers based on user feedback, regulatory status, and overall market reputation.

  

Broker Overview

  Founded recently, SH Markets is an online trading platform that claims to offer a variety of financial instruments, including forex and cryptocurrencies. However, it operates without any valid regulatory licenses, which is a significant red flag. The platform is primarily web-based and is said to be user-friendly, though many users have reported issues regarding its functionality. Trading is facilitated through popular platforms like MetaTrader 4 (MT4), but the lack of regulatory oversight raises concerns about the safety of funds and the integrity of the trading environment.

  

Detailed Section

  

Regulatory Status and Geographic Reach

  SH Markets is not regulated by any major financial authority, which is concerning for potential investors. The absence of regulation means there are no safeguards in place to protect traders' funds or ensure fair trading practices. Reports indicate that the broker primarily targets users in various regions, but it has been blacklisted by the UK's Financial Conduct Authority (FCA) due to numerous complaints regarding its operations.

  

Deposit/Withdrawal Methods and Currencies

  While specific details about deposit and withdrawal methods are scarce, users have reported significant issues when attempting to withdraw their funds. Complaints often cite that the platform imposes unreasonable conditions on withdrawals, including requiring users to increase their trading activity before being allowed to access their money. This tactic has led many to classify SH Markets as a scam.

  

Minimum Deposit

  Information regarding the minimum deposit required to open an account with SH Markets is not clearly stated across various sources. However, anecdotal evidence suggests that users have faced challenges even after making substantial deposits, as the platform has been accused of delaying or denying withdrawals.

  

Bonuses/Promotions

  There is little information available regarding any bonuses or promotional offers from SH Markets. The lack of transparency regarding promotions could indicate a strategy to lure in unsuspecting traders without providing any real value.

  

Tradable Asset Classes

  SH Markets claims to offer a range of trading instruments, including forex, stocks, indices, and cryptocurrencies. However, the quality and execution of trades are questionable given the platform's unregulated status and the numerous complaints about trading experiences.

  

Costs (Spreads, Fees, Commissions)

  Specific details about the costs associated with trading on SH Markets, such as spreads and commissions, are not readily available. However, users have reported hidden fees that significantly reduce their profits, which is a common tactic among unregulated brokers.

  

Leverage

  Leverage options are not explicitly mentioned in the available reviews, but the lack of regulatory oversight suggests that traders may be exposed to higher risks than they would be with regulated brokers.

  

Allowed Trading Platforms

  SH Markets primarily uses the MetaTrader 4 platform for trading, which is popular among traders for its user-friendly interface and advanced trading tools. However, the overall trading experience has been marred by reports of technical issues and a lack of support.

  

Restricted Regions

  While specific restricted regions are not detailed, the fact that SH Markets is unregulated suggests that it may not operate legally in many jurisdictions, particularly those with stringent financial regulations.

  

Available Customer Support Languages

  Customer support options appear to be limited, with users reporting difficulties in reaching out for assistance. Many have cited unresponsive customer service, which further diminishes trust in the platform.

  

Rating Overview (Revised)

Category Rating (out of 10)
Account Conditions 2
Tools and Resources 3
Customer Service and Support 1
Trading Setup (or Experience) 2
Trustworthiness 1
User Experience 2

  

Detailed Breakdown

  •   Account Conditions: Users have reported that SH Markets lacks transparency regarding account terms and conditions, with many feeling misled about the trading environment. This has led to a low rating of 2/10.

  •   Tools and Resources: Although the platform claims to provide a user-friendly experience, the lack of educational resources and trading tools has resulted in a rating of 3/10.

  •   Customer Service and Support: The platform has received significant criticism for its customer service, with many users reporting unresponsive support. This has led to a dismal rating of 1/10.

  •   Trading Setup: While SH Markets offers popular trading platforms like MT4, the overall trading experience has been marred by technical issues and withdrawal problems, resulting in a rating of 2/10.

  •   Trustworthiness: Given its unregulated status and numerous complaints, SH Markets has earned a trust rating of 1/10, indicating a high risk for potential traders.

  •   User Experience: The overall user experience has been negatively impacted by withdrawal issues and a lack of support, leading to a rating of 2/10.

  •   In conclusion, potential traders should exercise extreme caution when considering SH Markets. The combination of unregulated operations, withdrawal difficulties, and poor customer service paints a concerning picture for anyone looking to invest their money with this broker.