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Currency Market

China|1-2 years|
Suspicious Scope of Business|High potential risk|

https://curencymakrett.com/

Website

Rating Index

Contact

support@currencymakret.com
https://curencymakrett.com/

Licenses

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

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Warning: Low score, please stay away! 2
Previous Detection : 2024-06-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Currency Market · WikiFX Survey

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Currency Market · Company Summary

Note: The details presented in this review are subject to potential modifications due to the ongoing updates to the company's offerings and policy adjustments. Additionally, the relevance of this review's information may be influenced by the original publication date, as service details and policies may have evolved since that time. Hence, it's crucial for readers to seek out the most current information directly from the company prior to making any decisions or initiating actions based on this review. The responsibility for utilizing the information provided herein lies entirely with the individual reader.

Should there be any discrepancies between visual and written materials in this review, the written information takes precedence. Nonetheless, for a more comprehensive understanding and updated details, accessing the company's official website is highly recommended.

Currency Market Review Summary
Founded 2006
Registered Country/Region China
Regulation No Regulation
Market Instruments Forex, US Stocks, Currencies, Precious Metals, Energy, etc.
Demo Account Not Mentioned
Max. Leverage 1:30
Spread From 1 pip
Commission No Replenishment Fees
Trading Platforms Web Trader, PC Trader, Mobile App (My Trading)
Minimum Deposit $200
Customer Support Email: support@currencymakret.com

What is Currency Market?

Currency Market is a broker based in China in 2006. It currently holds no regulations.

Currency Market's homepage

Pros & Cons

Pros Cons
  • Competitive Spreads
  • Limited Customer Support Channels
  • Mobile App Available
  • No Regulations
  • No Replenishment Fees

Pros:

  • Competitive Spreads: Currency Market offers competitive spreads, starting from as low as 1 pip, enabling traders to save costs and increase profits.

  • Mobile App Available: Having a mobile app allows traders to manage their investments and trade on the go, which is a significant advantage in today's mobile-centric world.

  • No Replenishment Fees: Currency Market does not charge any fees for replenishment.

Cons:

  • Limited Customer Support Channels: The customer support channels provided by Currency Market are limited to email only and it does not provide any immediate way to contact. This limited customer service will lead to delayed responses.

  • No Regulation: Currency Marketis not currently regulated by any external authority. This absence of regulatory oversight will concern users about its standard of oversight and protection offered.

Is Currency Market Legit?

  • Regulatory Sight: Currency Market is currently without regulatory oversight and any licenses that would enable it to conduct its operational standards in the financial market. This lack of regulation poses numerous risks to investors, such as a lack of transparency, security concerns, and no guarantee of adherence to industry standards and practices.

No license
  • User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.

  • Security Measures: So far we haven't found any information about the security measures for this broker.

Market Instruments

Currency Market offers a certain range of market instruments. These include:

  1. Forex: Forex trading involves the exchange of one currency for another, and it is the largest and most liquid market in the world.

  2. US Stocks: US stock trading involves buying and selling shares of publicly traded companies in the United States.

  3. Currencies: Offers opportunities for forex trading, where traders can buy and sell currencies in the highly liquid forex market, including major, minor, and exotic currency pairs.

  4. Precious Metals: Trading in precious metals such as gold, silver, and platinum is popular among traders looking to hedge against inflation, currency devaluation, and market volatility.

  5. Energies: The energy sector is another key area, featuring trading options in commodities like crude oil, natural gas, and heating oil.

Account Types

Currency Market provides three different account types for users. These are Micro, Mini, and Classic. The Micro account has the lowest minimum deposit of just $200 and the smallest position volume of 0.01 lot. The Mini enjoys the same trading conditions but a large position volume of 0.1 lot. Classic users have more conservative leverage. Users can check the details below.

Account comparison

Leverage

Currency Market provides a maximum leverage of 1:30, but for Classic accounts the leverage is limited to 1:2 only, which is very conservative. Leverage allows traders to open positions that are larger than their actual deposit. In this case, with a leverage of 1:30, for every 1 a trader has in their account, they can take a position in the market up to 30. This could potentially amplify profits, but losses can also be amplified, particularly for inexperienced traders.

Spread

Currency Market offers a spread starting from 1 pip for all account types, which is relatively competitive compared with the average spread level of around 1.5 in the industry. Competitive spreads can save a lot of money for users in trading, which is quite an advantage.

Trading Platforms

Currency Market allows users to trade on its browser-based trader, with no need to download the software. Users can also choose to download the PC terminal from the link on the website: https://currencymakret.utip-download.com/tradersetup.exe. Currency Market also supports on-the-go trading through its mobile app - My Trading, which can be downloaded both from Google Play or Apple Store.

Trading Platforms

Customer Support

Currency Market's customer support is limited to email only, which is at support@currencymakret.com. There is no immediate way to contact them, such as phone calls or live chat. Support via email only is very limited, since users cannot get responses from its customer support team swiftly.

Contact info

Conclusion

As a broker, Currency Market provides a certain range of market instruments, competitive spreads and a mobile app. However, its customer support is rather limited and it does not hold any regulations.

Frequently Asked Questions (FAQs)

Does Currency Market support MT4/5?

No, it supports neither.

Is Currency Market regulated?

No, it is not regulated.

Can I use my mobile phone to trade?

Yes. Its mobile app is My Trading, and you can download it from Google Play or Apple Store.

What is the maximum leverage provided by Currency Market?

The maximum leverage provided by Currency Market is up to 1:30.

What is the minimum deposit required to open an account?

The minimum deposit required is $200.

What is the lowest spread provided by Currency Market?

The lowest spread provided by Currency Market is 1.0 pip.

Risk Warning

Online trading involves significant 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 provided in this review may be subject to change due to the constant updating of the company's services and policies.

Broker Information

Company Name

Currency Market

Company Abbreviation

Currency Market

Regulatory Status

No Regulation

Platform registered country and region

China

Company website
Phone of the company

--

Twitter

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Facebook

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Instagram

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YouTube

--

Company address

--

Linkedin

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WhatsApp

--

QQ

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WeChat

--

Customer Service Email Address
  • support@currencymakret.com

Company Summary

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