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/10

Locus Market

China|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

http://www.locusmarkets.com/En/

Website

Rating Index

Contact

http://www.locusmarkets.com/En/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

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Warning: Low score, please stay away!
Previous Detection : 2024-02-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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Pyramid scheme complaint
Expose
Scam

Malicious Romance Fraud

I have previously posted about a "strong suspicion of romance fraud". The post was dismissed on the grounds that there was "not enough evidence" at that time, but now that there has been a development toward this content, we are posting it again. In early March of this year, a Japanese person who claimed to be Akemi Kojima from Taiwan led me to a LINE from a Facebook friend, introduced herself as "the head of a jewelry design office," and offered me to invest in the gold market. At first, the conversation started with something unrelated to investment, but when Kojima started talking about investment, I initially refused because I was busy with my work, but as soon as my work settled down, I decided to invest as Kojima had recommended. At that time, a person who identified himself as Olina was in between us as MT5 support and assisted us with our deposit. Kojima told me that he was going to hold an event to commemorate the 20th anniversary of the exchange, and that he wanted me to join him in the fight for the opportunity. Kojima agreed to participate in the event, raising as much money as possible on his own, with Kojima covering the shortfall. After Kojima announced his participation in the event, we have not heard from him since his last message on April 10, because he said that he was busy with his own work on April 20. We have determined that this is an international romance scam because Kojima had deleted his LINE-ID as of May 16. We have withheld the release of the image because it was unclear at the time of our last report whether Kojima himself was a scammer or not. As for Olina, we have changed her name on LINE to "Alice" without changing her picture. If she had no guilty conscience, why would she change her name on LINE? The period from April to the beginning of July corresponds to the "commemorative event" period that this Olina (Alice) is talking about, but she has been investing in the gold market under Kojima's initiative, and since he deleted his LINE-ID, she has unilaterally blocked our contact with her, so we cannot continue investing. Olina (Alice) changed her FX company at the beginning of April, but the new company is Locus Market int Ltd. The company's rating is 0.16, which is a sign that the company is guiding us to a company that we would normally refrain from investing in. We have to admit that Olina (Alice)'s words and actions, including the name change, are quite suspicious. We have the history of communication on LINE and Facebook between Kojima and Olina (Alice). There is no evidence that any funds have been transferred to the Locus account to which the scammers have led us. We would like to take appropriate action. Please let us know if you need any necessary screenshots.

jf3737
2022-05-30 21:32

Locus Market · Company Summary

Locus Market 1366460184

Note: For some unknown reason, we cannot open Locus Markets official site (http://www.locusmarkets.com/En/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.

General Information & Regulation

General Information & Regulation

Locus Market, a trading name of Locus Market Int Ltd, is allegedly a forex broker registered in China that claims to provide its clients with various tradable financial instruments on the leading MT5 PC, MT5 Web and Mobile trading platforms.

However, as this brokerage's website cannot be accessed, we were unable to obtain further details about its leverage, spreads, minimum deposit, etc.

As for regulation, it has been verified that Locus Market does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.10/10. Please be aware of the risk.

General Information & Regulation

Negative Reviews

A trader shared his terrible trading experience in the Locus Market platform at WikiFX. He said this platform is malicious romance fraud. It is necessary for traders to read reviews left by some users before choosing forex brokers, in case they are defrauded by scams.

Negative Reviews

Market Instruments

Locus Market advertises that it offers access to a wide range of trading instruments in financial markets, covering over 5 forex currency pairs, gold, silver, index and oil.

Trading Platform Available

Platforms available for trading at Locus Market are said to be MT5 PC, MT5 Web and Mobile. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Customer Support

Unluckily, we didn‘t find any useful information about Locus Market’s customer support on the Internet. Generally, regulated brokers will reveal their telephone numbers, email or company address to let their clients get in touch with them.

Risk Warning

Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

Broker Information

Company Name

Locus Market Int Ltd

Company Abbreviation

Locus Market

Regulatory Status

No Regulation

Platform registered country and region

China

Phone of the company

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Company Summary

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