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

Basel Markets

Saint Vincent and the Grenadines|2-5 years|
Regulated in United States|Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

https://baselmarketscapital.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
BaselMarkets-Demo MT5
Server Location France

Contact

+1 2624 09 2115
support@basemarkets.com
https://baselmarketscapital.com/
Room 1318, Floor 13, Hop Kwai House, Kwai Chung Estate, Hong Kong
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

Contact number

English

+1 2624 09 2115

Broker Information

More

Company Name

Basel Markets International Limited

Company Abbreviation

Basel Markets

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 4
Previous Detection : 2024-02-29
  • 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 11 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
Scam

Editing interferes with customer accounts.

The exchange locks transactions, adjusts swap fees, removes profit taking, cuts losses on customer orders, and requires withdrawal fees

2023-09-15 17:05
Resolved

Should stay away from this platform

My name is NVT. I opened a trading account on the exchange with a capital of 1500usd. I have been trading for 2 weeks, so my profit increased to 4061usd. In the trading session on April 25, 2022, I have Sell 41 shares total and have 1 order to place Profit 12. Tesla shares in the session because the day before Tesla announced revenue and tended to decrease sharply, the way my orders were both generating good profits. at 10:5pm I found it profitable, so I wanted to cut the order and go to the army, but I couldn't execute the order and lost the (x) button. I looked at the email and saw the updated information on the platform but did not notify the customer in advance. I am afraid the exchange will Touch tk and want to be sure of the order, so wait for the update to finish to cut the order for peace of mind. Until 12 o'clock at night, the order in platform jumped continuously, but the candle line did not change. while the market price is down, the whole order increases very quickly, continuously jumps more than 100 prices, and increases until the account is burned. I have taken pictures as proof. The next day, I had a petition to go to the floor and was informed by the support staff to wait 1 week to have a deposit. Next week, the floor has solved it for me, but I got back 1000u of capital and 1000u of bonus at the price. The floor just wanted to appease customers, I also know how difficult it is to get the credit back, so I have to accept that offer. So I call it beneficial or harmful to trade 1500u and have made a profit on capital up to more than 4000u in previous trading profits. So please stay away from this floor, don't lose money like me. I provide below screenshots of my trading account that day, the price list I captured that day of trading for proof. But what I have mentioned above is absolutely true.

2022-04-29 15:43

    Basel Markets · Company Summary

    Company Summary

    Company profile

    General Information & Regulation

    Basel Markets is a Cypriot forex and CFD brokerage that offers its clients access to the MetaTrader4. Basel Markets is registered in the Saint Vincent and Grenadines and is subject to no regulation.

    Market Instruments

    Tradable financial instruments available on the Basel Markets includes currency pairs, metals, Indices, and energy.

    Account Types

    There are five account options on offer, namely Standard, Silver, Gold, Platinum and Diamond account. The minimum deposit for the standard accounts is as low as $5, $5,000 for the silver account, $10,000 for the Gold account, $25,0000 for the Diamond account.

    Leverage

    The maximum trading leverage offered by Basel Markets is up to 1:30, and this leverage level may seem conservative for most traders.

    Spreads & Commission

    The spread on the EUR/USD pair offered by Basel Markets is floating around 2.3 pips.

    Trading Platform

    Basel Markets support the legendary MetaTrader4 (MT4). MT4 remains the preferred choice of most traders worldwide, as it provides a full range of trading tools and features: more than 50 built-in technical indicators, advanced charting package, numerous Expert Advisors (EAs) and extensive back-testing environment. Besides, traders can download ready-made or create their own EAs (and Indicators) and let the program do all the work.

    Deposit & Withdrawal

    There is not much information on payments funds mentioned on Basel Markets website. Most brokers would support traders to fund their accounts via Visa, Mastercard, Bank Wire, and some popular e-wallets including Neteller, Skrill.

    News

    Introducing the Basel Markets Forex Broker

    ReviewIntroducing the Basel Markets Forex Broker

    2021-06-22 15:44

    Basel Markets is a leading provider and broker of financial transactions, serving institutions and investors in more than 30 countries and economies around the world. Basel provides deep liquidity for financial transactions, using leading data systems and open technology platforms, promoting trading performance, investment, asset management in accordance with the law.

    WikiFX
    2021-06-22 15:44
    Review
    Introducing the Basel Markets Forex Broker

    User Reviews

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    User comment

    5

    Comments

    Write a review

    超人队长-超人社区®
    more than one year
    OMG, I found so many victim complaints and exposés just by doing a quick search of the company's name. Looks like this is a total scam company! I really don't know why its website is still up and running now. I really hope the scammers are brought to justice soon, so maybe there will be less of them.
    2023-03-14 17:07
    Reply
    0
    0
    Chien5432
    more than one year
    This floor is the floor of the descendants of certain fathers in Vietnam, so if you are comfortable doing whatever you want, you will harm a lot of investors but still do not see the authorities involved to handle it.
    2023-01-11 09:14
    Reply
    0
    0
    Chien5432
    more than one year
    I set up a $20,000 account at the Basel exchange on 12/12/2022 with code MT5 102738 on December 15, 16, I bought VOW shares with the amount of 2500 shares to receive dividends on December 19, 2022 Until opening the session on 19/2 I still have not received the dividend while other exchanges have already received all the dividends, then I kept sending mail to the exchange, the exchange did not reply, then I contacted many people In the group playing together, they said the bow has not been received. Until today, December 28th, the floor still hasn't paid us any dividends
    2022-12-28 18:40
    Reply
    0
    0
    Hieu Vo
    more than one year
    please solve it soon
    2022-11-11 10:59
    Reply
    0
    0
    dtoan
    more than one year
    reputable website
    2022-11-07 21:45
    Reply
    0
    0
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