Risk Warning
Online trading is dangerous, and you could potentially lose all of your investment funds. Not all investors and traders are suitable for it. Please understand that the information on this website is designed to serve as general guidance, and that you should be aware of the risks.
General Information
What is Illuminati Markets limited？
Illuminati Markets limited is a brokerage firm is registered in United States. The company offers a range of trading instruments across various asset classes, including Forex, Metals, Crude Oil, and Indices through the MetaTrader5 trading platforms. However, it currently only holds an unauthorized NFA license.
We will examine this broker's attributes from a variety of angles in the following post, giving you clear and organized information. Please continue reading if you're curious. To help you quickly comprehend the broker's qualities, we will also provide a concise conclusion at the end of the piece.
Pros & Cons
lluminati Markets limited Alternative Brokers
There are many alternative brokers to Illuminati Markets limited depending on the specific needs and preferences of the trader. Some popular options include:
• IC Markets - A broker that was founded in 2007 in Sydney, Australia. The company's mission is to create the best trading experience for retail and institutional clients alike, allowing traders to focus more on their trading. IC Markets is dedicated to offering superior spreads, execution, and service. IC Markets offers a wide range of trading products, including forex, CFDs on stocks, indices, commodities, and cryptocurrencies.
• Pepperstone - Offers a wide range of trading products, including forex, CFDs on stocks, indices, commodities, and cryptocurrencies. Pepperstone is known for its competitive spreads, good execution, and reliable platforms. The company's trading platforms are MT4, MT5, TradingView, and cTrader, which all are popular and well-respected platforms.
• FBS - The company has a wide range of account types, which cater to traders of all levels and preferences. Whether you're a beginner or an experienced trader, FBS has an account that will suit your needs. The broker also offers an impressive range of trading instruments, including over 40 currency pairs, precious metals, CFDs on stocks, and cryptocurrencies.
Is Illuminati Markets limited Safe or Scam？
Illuminati Markets Limited currently only holds an unauthorzied National Futures Association (NFA, No. 0557249) license. This means that they are not allowed to solicit or accept trades from U.S. residents. However, they are still allowed to operate in other countries.
The NFA is a self-regulatory organization that oversees the futures industry in the United States. They are responsible for registering and regulating brokers, ensuring that they are financially sound and following the rules.
If you are considering trading with Illuminati Markets Limited, it is important to be aware of their status as an unauthorized broker. This means that they are not subject to the same level of regulation as brokers that are registered with the NFA. As a result, there is a greater risk of fraud or abuse.
It is also important to note that Illuminati Markets Limited is not a well-known broker. There is very little information available about them online. This makes it difficult to assess their reputation and track record.
Illuminati Markets Limited claims that client money is held entirely separate from Illuminati Markets Limited own money, but it currently has no valid regulation.
If you are considering doing business with Illuminati Markets limited, I would strongly advise against it. Many other regulated brokers offer a safe and secure trading environment.
Market Instruments
Illuminati Markets limited offers a wide range of market instruments, including Forex, Metals, Crude Oil, and Indices.
• Forex (foreign exchange) is the market for exchanging one currency for another.
• Metals are elements that are solid at room temperature and have a high melting point. They are spot or futures trading.
• Crude Oil is a major commodity that is traded on spot and future market. The price of oil is often correlated with the value of the US dollar, so traders can use oil to speculate on the direction of the dollar.
• Indices are baskets of stocks that track a particular market or sector.
Accounts
Illuminati Markets limited does not provide much information about their account types on their website. This makes it difficult for potential clients to compare the different accounts and choose the one that is right for them.
Leverage
Illuminati Markets limited offers maximum leverage of up to 1:100, which means that you can control a position worth 100 times your initial deposit. For example, if you deposit $100, you could control a position worth $10,000.
Leverage can magnify your profits, but it can also magnify your losses. If the market moves against you, you could lose more money than you deposited.
Spreads & Commissions
As for spreads andcommissions, however, there is nothing detailed available on Illuminati Markets limited official site.
Below is a comparison table about spreads and commissions charged by different brokers:
Trading Platform
Illuminati Markets limited offers MT5 trading platforms for its clients.
• The MetaTrader 5 (MT5) platform is the most popular trading platform in the world. They are used by millions of traders to trade a wide range of financial instruments, including forex, CFDs, and stocks. MT5 is a powerful and versatile trading platform that offers a wide range of features for traders of all levels. It is easy to use and available on a variety of devices. However, it can be complex for beginners to learn how to use all of its features and it can be expensive to use some of the advanced features. There are a number of alternative trading platforms available, but MT5 remains a popular choice for many traders.
See the trading platform comparison table below:
Deposits & Withdrawals
The minimum initial deposit requirement is said to be $100. However, specific info on deposits and withdrawals is not revealed openly.
Illuminati Markets limited minimum deposit vs other brokers
Customer Service
Illuminati Markets limited provides online services for investors, it is available 24/7 support via email: support@illuminatimarkets-jp.com.
Registered Address: 90 WADSWORTH BLVD NUM 127-3255 LAKEWOOD, CO 80226 U.S.A
Conclusion
In conclusion, Illuminati Markets limited is a brokerage firm that provides access to a wide range of trading instruments and offers MT5 trader platform to cater to different trading preferences. However, it currently only has an unauthorized NFA regulatory license. There have been NO reports of exposure section, but it isnt mean safe for trader. Traders should exercise caution and conduct thorough research when considering Illuminati Markets limited or any other brokerage firm, taking into account factors such as reputation, client feedback, and regulatory compliance. Making an informed decision requires a comprehensive evaluation of all relevant factors beyond the information provided here.
Frequently Asked Questions (FAQs)
2024-03-20 17:28
