https://baselmarketscapital.com/
Website
MT4/5 Identification
White Label
Single Core
1G
40G
Danger
+1 2624 09 2115
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Basel Markets International Limited
Basel Markets
Saint Vincent and the Grenadines
Pyramid scheme complaint
Expose
Do not allow customers to withdraw when the transaction is profitable
I created a MT5 account on September 29, 2021 and deposited on October 1, 2021 with the amount of $1000. On July 10, 2021, I bought 20cp abt.us at 118. On October 12, 2021, I bought 30cp clx.us for 163. On October 13, 2021, I bought 30cp clx.us at 162 and 40cp clx.us for 161 On October 14, 2021 clx.us, The platform adjusted the spread increased from 11 to 1618 by 147 times and made my bid price from 163.26 to 147.08. At the same time abt.us, the broker adjusted the spread from 63 to 1581 by 25 times and caused my buy price with abt.us to drop from 117.20 to 102.19. My orders at that time were profitable. The broker adjusted the spread and burned my account. I have contacted many times but no resolution.
The employees in the Basel market lied to me that I could buy Vinfast Auto stocks. But after I deposited $2000, they said they had not yet traded VFS stocks. I sent them a withdrawal request, but they refused and requested at least 4 foreign exchange transactions with an additional $200 withdrawal fee. I conducted 2 transactions (8 transactions) as required and deposited 3 withdrawal fees ($600). But they also do not allow all funds in the account to be withdrawn or misappropriated through swaps.
The fraudulent exchange adjusted the overnight fee even though it was still the same day as the transaction, disabling the account from further trading.
Place an order to cancel an order, so that the account is burned, and there is no price area within the cut-off price range
I have invested in Basel Market since December 2, 2022 with an initial capital of 6k$. If mt5 transaction is 1027380, after half a month, I can see that the deposit and withdrawal are ok in the morning. Seems reputable until 12/14 pm to add another 20k to buy VOW stock because it pays a high dividend of 19.6eu. But on the date of dividend payment on December 19, I still couldn't see the dividend, so I contacted the exchange via Mail, did not reply through a few IB banjs, and said it was late even though other exchanges paid dividends. When I opened the session because of the orders I placed, the orders were closed because of the price gap. During that session, I always asked about dividends, the exchange took the reason that I had not received the dividend, so I cut it so I didn't pay anymore. In the following days, I sent Mail on the floor many times with no reply. So far (December 21) I have not received a reply from the floor regarding the dividend issue. I write these words hoping the online community will help me get my dividends back?
The broker changed the overnight fee from 0.075 to $30 per share and multiplied by 3 on Wednesday and burned the account. I sent e-mail for inquiry, but the complaint was not replied. For example, the stock I bought with the code MRCK.U from November 26 to December 2 which is 6 days, but the value difference of the overnight fee is exceeded $300 after changes. After the adjustment causes a burn, the platform is adjusted back to the original level. However, the negative value caused by overnight cannot be changed back
I have made a withdrawal from the platform since August 26, 2022, and still have not been able to withdraw to my account. Sent email to the platform, but no response
The exchange locks transactions, adjusts swap fees, removes profit taking, cuts losses on customer orders, and requires withdrawal fees
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.
I still keep sending mail for 2 months, but the platform does not respond. Looking up the hotline number to contact the platform, there is no: why does the government let such a platform cost? In the process of playing this platform, I used to have all kinds of tricks used by the exchange 1. Sudden increase in overnight fees 2. Spread expansion 40-100 times 3. Failure to pay ccor on time 4. High difference between deposit and withdrawal ( 24.5-23.3) at the same time 5. some friends reported that they couldn't withdraw their money 6. the brokers find every reason to ask you to deposit more money into your account
A player was cheating. The leverage was constantly changing in two days since 1:20-tube 1 after we bought a stock with speed jpm 3. They change the levers, so I cut myself due to the high levers. It leads to the loss of all bonus. It should be an ordinary case. I want to warn the public.
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.
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