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The WikiFX Score of this broker is reduced because of too many complaints!

BloomsMarkets

United Kingdom|2-5 years|
Regulated in United States|Suspicious Regulatory License|MT5 Full License|Regional Brokers|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

https://www.gblmtd.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

1
Server Name
BloomsMarkets-LIVE MT5
Server Location Japan

Contact

technical@bloomsmarkets.com
https://www.gblmtd.com/
SUITE 09~15, Level 21, The Shard 32 London Bridge St, London, the UK SE1 9SG
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

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

Single Core

1G

40G

Open Now

Broker Information

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Company Name

BloomsMarkets Limited

Company Abbreviation

BloomsMarkets

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 4
Previous Detection : 2024-04-19
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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Pyramid scheme complaint
Expose
Unable to Withdraw

Investing on this platform and does not withdraw money

I contacted with this platform for foreign exchange investment on September 26, 2021. At first, several of us shared an account to deposit funds into the platform. After withdrawing funds, we opened accounts separately, and deposited funds into our respective accounts on February 2021. On November 7, 2021, the withdrawal has been blocked. It has been nearly three months, and no withdrawal has been made. Since we are also participating in the platform for the first time, there are also mistakes in the operation process, but the legality of the funds and the time and process of the cash flow are all emailed. The method is accompanied by a screenshot of the bank's running water and a screenshot of the exchange USDT transaction. The legality of my funds has no problem, and I am not suspected of anti-money laundering. The platform also defaulted to the legality of my funds in the email. However, the platform has always refused to withdraw funds, which made me physically and mentally exhausted and extremely tormented. Communicate with the platform email every week, you can only wait!

2022-01-25 21:16
Others

The platform does not work, and the client's principal is taken privately and will not be returned

On the weekend morning, it was found that the MT5 account was stolen, the order was abnormal, and the order was opened and closed within an hour, and all my principal was converted into the platform's handling fee, which became the platform's profit. After half an hour, contact the customer service for processing, The client refuses to compensate my assets on the grounds that it cannot be handled. The above incident must be related to the platform's risk control. The platform technology also admits that the opening habits are different from mine. Profitable, and the platform risk control does not have email reminders or temporarily freeze the account to protect the principal of the customer. This is a very inhumane practice. It is impossible for everyone to guarantee that the account will not be stolen, but the platform must deal with it fairly. I also have reasons to suspect that the platform itself operates The customer's MT5 conducts abnormal transactions. Through non-stop trading and closing positions, the customer's principal is turned into the platform's handling fee, which in disguise becomes the platform's profit. The method of opening and closing positions will turn all the principal into the profit of the platform, so that the principal of the customer is obtained, and there is no consequence to bear

2022-04-12 18:48

    BloomsMarkets · Company Summary

    Basic Information
    Registered Countries United Kingdom
    Regulation No License
    Company Name BloomsMarkets Limited
    Minimum Deposit N/A
    Maximum Leverage N/A
    Minimum Spread N/A
    Trading Platform MT5 trading platform
    Trading Assets forex pairs stock and indices, and precious metals
    Payment Methods N/A
    Customer Support Email Support only

    General Information

    BloomsMarkets Limited presents itself as an investment platform that connects the global securities market. It says to provide over 40 trading instruments covering forex pairs, stock and indices, and precious metals, which allows clients to trade global financial instruments through an account. However, BloomsMarkets inaccessible official website and lack of essential information make us struggle in presenting a comprehensive picture of this broker.

    When it comes to regulation, BloomsMarkets Limited disappoints us a lot. This broker is not regulated by any regulatory authority, and here we can see that WikiFX has given it a very low score of 1.64/10. Trading with an unregulated broker is like playing fire. Please be aware of the risk involved.

    wikifx-score

    Market Instruments

    BloomsMarkets boasts that it provides over 40 trading instruments, including forex pairs, stock and indices, and precious metals.

    Leverage

    Trading leverage is not mentioned anywhere. However, this is the leverage rule set by most regulatory authorities: the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.

    Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.

    Trading Platform

    Believe or not, BloomsMarkets Limited boasts that it provides the industry leading MT5 trading platform. We were unable to find the MT5 download link or screenshot, since BloomsMarkets Limiteds official website cannot be opened now.

    Customer Support

    BloomsMarkets Limited is not easily reached, for clients can only get in touch with this broker through an email provided: technical@bloomsmarkets.com.

    Risk Warning

    Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

    The information presented in this article is intended solely for reference purposes.

    Pros & Cons

    Pros Cons
    None No regulation
    Insufficient company information
    Poor customer support
    Limited trading instruments

    Frequently Asked Questions

    Is BloomsMarkets regulated?

    No, BloomsMarkets is not regulated anyway.

    What trading instruments can I trade with on BloomsMarkets

    BloomsMarkets provides over 40 trading instruments, including forex pairs, stock and indices, and precious metals.

    How can I contact BloomsMarkets?

    BloomsMarkets can only be reached through sending emails.

    User Reviews

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    User comment

    6

    Comments

    Write a review

    FX1118340376
    more than one year
    Great exchange, a place to put trust for traders
    2023-04-20 11:35
    Reply
    0
    0
    FX1993775032
    more than one year
    This is a good exchange, the deposit and withdrawal process is fast. Customer care department always supports the issues of the exchange
    2023-04-20 11:32
    Reply
    0
    0
    FX7287257892
    more than one year
    I feel satisfied when investing in this exchange, withdrawing and depositing everything is perfect, fast transaction without lag, thank you
    2023-04-20 11:26
    Reply
    0
    0
    FX1449580808
    more than one year
    Man, I gotta tell you, BloomsMarkets' MT5 trading platform is a complete joke. They advertise it like it's the real deal, but it's missing so many chart tools and technical indicators that it's practically useless. Honestly, my experience trading on their platform was terrible. I'm not even sure if it's a real MT5 platform. Stay away from this broker, folks.
    2023-03-28 09:19
    Reply
    0
    0
    一梦不愿醒。
    more than one year
    BloomsMarkets is a total scam. Their NFA license is unauthorized, and their website is also unavailable. Don't Join!!! Stop Wasting your time and Money!!!
    2022-12-10 22:14
    Reply
    0
    0
    进发酒店食材-何代法
    more than one year
    A frustrating broker! They forgot their promise! They just don’t let me withdraw my money. what the hell? They think the money belongs to them? Are they kidding?
    2022-12-05 18:15
    Reply
    0
    0
    7
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