The Official Website Of 5Markets Cannot Be Accessed Normally At Present. The Company Seems To Have Closed Down. Therefore, We Can Only Collect Some Relevant Information For Reference Only.
2022-03-21 Spain CNMV Added 5Markets To Warning List
On March 21, 2022, CNMV Issued A Warning That 5Markets Was Not Authorized To Provide Investment Services. You Can Visit The Following Website For Details: Https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo = 1.nombre=UNCANNY%20SERVICES%20LTD
2022-03-31 We Have Reviewed And Confirmed That 5Markets Is An Unregulated Foreign Exchange Dealer
5Markets Claims To Be Operated By Uncany Services LLC, A Company Registered In St. Vincent And The Grenadines Under Registration Number: 1499 LLC 2021. We Did Find A Match With Uncany Services LLC In The Saint Vincent And The Grenadines Financial Services Authority (SVG FSA). But Please Note That SVG FSA Neither Issues A License To Operate Foreign Exchange Transactions Nor Regulates Any Foreign Exchange Activities. The Broker Is Only A Registered Dealer Of SVG FSA And Is Not Regulated.
More Importantly, The Spanish National Securities Market Commission (CNMV) Issued A Warning That The Company Provides Foreign Exchange Investments And Services Without Authorization. Therefore 5Markets Is Not Regulated By Any Regulatory Body. Investors Are Not Safe To Invest In This Broker And Their Funds Cannot Be Protected By Any Laws. In Conclusion, 5Markets Is A Fake Trader.
Due To The Inability To Access The Broker's Website At This Time, We Are Also Unable To Obtain More And More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For Regulation, It Has Been Verified That 5Markets Does Not Currently Have Any Valid Licenses.
But Most Brokers That Are Not Compliant Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: 5Markets As A, Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If You Invest In An Unregulated Broker, They Are Likely To Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated Brokers As Much As Possible When Choosing A Broker.
