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Score

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/10
The WikiFX Score of this broker is reduced because of too many complaints!

Cooper Markets

Saint Vincent and the Grenadines|5-10 years|
Suspicious Regulatory License|MT4 Full License|Regional Brokers|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

https://main.coopermarkets.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

CPMarketsLimited-Demo

United States
MT4
2

Influence

C

Influence index NO.1

Singapore 3.37
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
CPMarketsLimited-Demo MT4
Server Location United States

Influence

Influence

C

Influence index NO.1

Singapore 3.37

Surpassed 100.00% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+1 784 456 2482
info@coopermarkets.com
https://main.coopermarkets.com/
Suite 305, Griffith Corporate Centre, PO Box 1510, Beachmont Kingstown St Vincent and the Grenadines

Licenses

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

Single Core

1G

40G

Open Now

Disclosure

More

Danger

ID BAPPEBTI
2022-02-02

Warning

SG MAS
2021-08-24
Investor Alert List
Cooper Markets

Danger

MY SCM
2021-01-01
INVESTOR ALERT LIST
Cooper Markets

Contact number

English

+1 784 456 2482

Broker Information

More

Company Name

Cooper Markets

Company Abbreviation

Cooper Markets

Platform registered country and region

Saint Vincent and the Grenadines

Company website
Twitter
Facebook

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

This platform is a Ponzi Scheme. Please stay away! 5
Previous Detection : 2024-06-26
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.
  • The number of the complaints received by WikiFX have reached 72 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • United StatesNFA (license number: 0523055) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!
  • This broker exceeds the business scope regulated by United States NFA(license number: 0523055)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

WikiFX Verification

Cooper Markets · WikiFX Survey

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Expose

    Cooper Markets · Company Summary

    General Information & Regulation

    Cooper Markets is a Forex and CFD broker and this broker is not subjects to any regulation at this stage. Traders are advised not to choose an unregulated broker, as they can guranteen clients funds.

    Market Instruments

    Investors can trade popular currency pairs in the Forex market, metals (silver & gold), energy, commodities, and CFD products with Cooper Markets.

    Minimum Deposit

    Cooper Markets offers investors four different types of trading accounts: Standard ($100 initial deposit), ECN ($3,000 initial deposit), Premium ($100 initial deposit), and Swap-free ($500 initial deposit).

    Cooper Markets Leverage

    When it comes to trading leverage, the maximum leverage level offered by this broker is up to 1:500, relatively high. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

    Spreads & Commissions

    Spreads start at 1.6 pips for Standard accounts, 0.8 pips for ECN accounts, 2.2 pips for Premium accounts, and 1.6 pips for SWAP-free accounts. Objectively speaking, the spreads offered by Cooper Markets are above the industry standard.

    Trading Platforms

    Cooper Markets offers traders the market-leading and widely acclaimed MT4 trading platform, as well as MT4 Android, MT4 Desktop, and MT4 iPhone. MT4 has powerful charting tools and a large number of custom technical indicators, supports EA and automated trading, and helps traders of all levels to develop differently. It helps traders of all levels to develop different trading strategies to get ahead in the financial markets.

    Deposit & Withdrawal

    Cooper Markets supports traders to deposit and withdraw funds from their investment accounts through a variety of payment methods, such as the popular e-wallet payments Skrill, Neteller, Perfect Money, Fasapay as well as some local banks in Malaysia, Thailand and Indonesia.

    News

    BREAKING! Blind Malaysian Lost over 430K to scammers!

    ExposureBREAKING! Blind Malaysian Lost over 430K to scammers!

    2023-08-11 12:36

    Forex scams are devoid of humanity, preying even on individuals with disabilities and sparing no one. Apart from people with disabilities, numerous retirees have also become ensnared in these schemes. Without further ado, take a closer look at the grievances of these individuals and their complaints.

    WikiFX
    2023-08-11 12:36
    Exposure
    BREAKING! Blind Malaysian Lost over 430K to scammers!

    User Reviews

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    User comment

    5

    Comments

    Write a review

    Z 。
    more than one year
    With the Cooper Markets platform, sharp slippages occurred frequently that markets actually did not happen, I suffered heavy losses here. So I want to know where I can complain this broker and get my money back?
    2023-02-16 17:42
    Reply
    0
    0
    FX1147794461
    more than one year
    The website cannot be opened, the registered location is St. Vincent and the Grenadines (everyone knows how sensitive this place is), there are no photos, and there are a lot of exposures... I hope everyone can see clearly the essence of this company !
    2022-12-14 10:32
    Reply
    0
    0
    张艳华
    more than one year
    Saint Vincent and the Grenadines...does this place name sound familiar to you? Many scam companies in the forex industry choose to register here. This company is no exception, as you can also see on this website, there are many victims.
    2022-12-05 16:32
    Reply
    0
    0
    吴操
    more than one year
    Fraud company! Profits cannot be withdrawn! They asked me to deposit more funds to get my profits back, but my vigilance reminded me that I could no longer give them money. Then they blocked my account, and I haven't withdrawn any money from the account...
    2022-11-29 12:18
    Reply
    0
    0
    God37795
    more than one year
    I was cheated by this broker, they purposely did a sharp slippage that actually didn’t happen in the market. I was so regretful that I was easily believe their sweet words, which made me lose my $2500. Guys, I hope that you could sharpen your eyes. This is a damn scam platform!
    2022-11-28 18:03
    Reply
    0
    0
    75
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    United States
    ※ The content of this website abides with local laws and regulations.
    You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
    consumer hotline:006531290538
    Official Email:support@wikifx.com;
    Mobile Phone Number:234 706 777 7762;61 449895363
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