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75 Markets

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

https://www.75markets.com/

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https://www.75markets.com/

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Warning: Low score, please stay away! 3
Previous Detection : 2024-05-20
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The AustraliaASIC regulation (license number: 640 284 108) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

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75 Markets · Company Summary

Aspect Information
Company Name 75 Markets
Registered Country/Area Australia
Founded year 2022
Regulation Not regulated, flagged as suspicious clone by Australian authorities
Market Instruments Currency pairs, stocks, indices, cryptocurrencies, commodities
Account Types N/A
Minimum Deposit N/A
Maximum Leverage N/A
Spreads N/A
Trading Platforms Basic web-based platform

Overview of 75 Markets

Founded in Australia in 2022, 75 Markets offers a wide range of trading assets including currency pairs, stocks, indices, cryptocurrencies, and commodities. Despite its variety, the platform suffers from significant drawbacks. The inaccessible official website limits transparency, hindering traders from accessing crucial information.

Additionally, flagged as a suspicious clone by Australian authorities, 75 Markets' legitimacy is under scrutiny, casting doubt on its reliability and trustworthiness. While the platform presents opportunities for portfolio diversification, its operational shortcomings and regulatory risks warrant caution among prospective traders.

Overview of 75 Markets

Is 75 Markets legit or a scam?

The regulation status of 75 Markets, flagged as a suspicious clone by AUS authorities, undoubtedly exerts a significant influence on traders utilizing the platform.

With regulatory scrutiny looming over the platform, traders face heightened levels of uncertainty regarding the legitimacy and security of their transactions. The lack of proper regulation raises red flags, potentially deterring traders who prioritize transparency and compliance from engaging with 75 Markets. Moreover, the absence of stringent oversight may expose traders to various risks, including fraudulent activities and financial losses, amplifying rirks about the safety of their investments.

Is 75 Markets legit or a scam?

Pros and Cons

Pros Cons
Wide asset range Official website inaccessible
Lack of transparency
No customer support channels
Flagged as a suspicious clone by AUS authorities

Pros:

  1. Wide Asset Range: 75 Markets offers a wide variety of trading assets, allowing users to diversify their portfolios and explore different market opportunities.

Cons:

  1. Official Website Inaccessible: The platform's inaccessible official website hampers transparency and leaves users uninformed about crucial trading details, while also raising risks about legitimacy.

  2. Lack of Transparency: Another notable con is the platform's lack of transparency. Without access to the official website or comprehensive information about its operations, users are left uninformed about critical details regarding trading conditions, fees, regulatory compliance, and company background.

  3. No Customer Support Channels: 75 Markets fails to provide adequate customer support channels for users to seek assistance or resolve issues.

  4. Flagged as a Suspicious Clone: Identified as a suspicious clone by Australian authorities, 75 Markets' legitimacy is further questioned.

Market Instruments

75 Markets offers a range of trading assets across various categories.

Currency pairs appear to be available for trading, allowing investors to speculate on the exchange rates between different currencies.

Additionally, stocks are offered, providing opportunities to trade shares of publicly listed companies.

For those interested in broader market movements, indices are available as tradable assets, enabling investors to speculate on the performance of entire market sectors or regions.

The platform also supports trading in cryptocurrencies, allowing users to engage in the volatile yet potentially lucrative digital asset market.

Furthermore, commodities seem to be part of the offering, providing traders with the opportunity to invest in physical goods such as gold, oil, or agricultural products.

Leverage

The maximum leverage offered by 75 Markets varies across different asset classes.

For Forex, traders can access leverage up to 400:1, enabling amplified exposure to currency fluctuations. Stocks trading allows for a maximum leverage of 100:1, providing a moderate level of leverage for equity investments. In the case of Crypto, the maximum leverage is 10:1, reflecting the heightened volatility and risk associated with digital currencies.

Gold trading also offers leverage up to 100:1, aligning with its status as a popular commodity asset. Similarly, Indices trading provides a maximum leverage of 100:1, offering traders the potential for enhanced returns or losses based on market movements.

Asset Maximum Leverage
Forex 400:1
Stocks 100:1
Crypto 10:1
Gold 100:1
Indices 100:1

Trading Platform

75 Markets utilizes a fairly basic web-based trading platform, a characteristic commonly associated with less reputable brokers.

While the platform offers fundamental features such as order placement, chart customization, and application of technical indicators, it falls short in comparison to industry-standard platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The absence of more advanced functionalities may limit traders' ability to execute complex strategies and conduct in-depth analysis, potentially hindering their trading experience.

Trading Platform

Customer Support

The customer support of 75 Markets is lacking in responsiveness and effectiveness, failing to meet the needs and expectations of users. Traders may experience prolonged waiting times for assistance, encountering difficulties in resolving issues or inquiries promptly. Furthermore, the quality of support provided may be subpar, with representatives displaying a lack of expertise or professionalism in addressing customer risks.

Conclusion

In conclusion, while 75 Markets offers a wide range of trading assets, including currency pairs, stocks, indices, cryptocurrencies, and commodities, its operational shortcomings outweigh its potential benefits.

The platform's lack of regulation, flagged as a suspicious clone by Australian authorities, raises serious risks about its legitimacy and reliability. Additionally, the absence of crucial information such as account types, minimum deposit requirements, maximum leverage, spreads, and deposit & withdrawal methods leaves traders uninformed and exposes them to unnecessary risks.

FAQs

Q: Is 75 Markets regulated?

A: No, it is not regulated and has been flagged as a suspicious clone by Australian authorities.

Q: What trading assets are available on 75 Markets?

A: Currency pairs, stocks, indices, cryptocurrencies, and commodities.

Q: What is the maximum leverage offered by 75 Markets?

A: The maximum leverage varies, with 400:1 for Forex, 100:1 for stocks, 10:1 for cryptocurrencies, 100:1 for gold, and 100:1 for indices.

Q: What trading platform does 75 Markets use?

A: It uses a basic web-based platform.

Q: Is the official website of 75 Markets accessible?

A: No, the official website is inaccessible, limiting transparency and access to crucial information.

Risk Warning

With a low score and lacking valid regulation, the platform presents significant risks to investors. The purported AustraliaASIC regulation is suspected to be a clone, further casting doubt on the platform's legitimacy. Additionally, the absence of trading software raises risks about the reliability and functionality of the platform. Given these red flags, investors are urged to stay away from 75 Markets to safeguard their funds and avoid potential financial losses.

Risk Warning

Broker Information

Company Name

75 Markets

Company Abbreviation

75 Markets

Regulatory Status

Suspicious Clone

Platform registered country and region

Australia

Company website
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Company Summary

User Reviews

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Matthew Jolly
more than one year
My experience start one year ago with this broker when 75 Markets was regulated by Australia entity, that was a smooth year. Now that my account has been blocked ( I was obliged ) everything changed, my profits are not the same as before because now they say that i use " abuse trading " .
2024-03-14 10:08
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Loverall
more than one year
75 Markets broker is not the best choice for trading. The commission rates are exorbitant, especially when it comes to stop-loss and take-profit commissions. The interface is straightforward, but lacks sufficient tools and index funds.
2024-01-12 18:13
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