CK Markets Review: Is This Broker Legit or a Scam?
What is CK Markets?
CK Markets is a forex broker that claims to provide access to more than 60 forex currency pairs, commodities such as gold, silver, and oil, equity indices, stocks, and even cryptocurrencies, including Bitcoin. However, additional research into CK Markets review reports shows red flags investors need to consider.
About CK Markets
Company Name – CK Markets
Website – https://www.ckmarkets.com/ is not functional
Regulatory Warning – NA
CK Markets Regulation: A Major Concern
No Verified Regulatory License
CK Markets states that it is registered with the St. Vincent and the Grenadines Financial Services Authority (SVG FSA) under registration number 24405 IBC 2017. However, after checking the official SVG FSA database, no evidence of this registration can be found. It’s also important to note that the SVG FSA does not oversee or license forex trading activities, meaning any broker registered there is not officially regulated for forex services. On top of that, CK Markets has raised additional concerns due to its lack of transparency and regulatory oversight.
In addition, CK Markets also claims affiliations in:
- Belize
- British Virgin Islands (BVI)
- Republic of Mauritius
However, regardless of these claims, there is no such entity appearing in the official registries of:
- Belize FSC
- Mauritius FSC
- BVI FSC
Important Information: CK Markets are unregulated and not licensed by an official financial authority.
CK Markets Review Highlights
Negative User Experiences
According to reviews left on Trustpilot and BrokersView, the reviews for CK Markets are overwhelmingly negative:
- “This broker stole all my money. Fortunately, I reached out to Mr. Brooks via the Telegram ID on my DP – he helped me recover my funds.”
- “The offers are too good to be true, they aren’t even regulated, and you should not trade with them.”
Key Complaints:
- Withdrawal problems
- False promises of high returns
- Zero customer service
- Powerful misleading regulatory claims
CK Markets Trading Platform and Instruments
Claims to offer:
- MetaTrader 4 (MT4) access
- 60+ currency pairs
- Entities and Cryptocurrency
- Stocks and indices
However, the non-functional website (https://www.ckmarkets.com/) raises questions about the credibility of these offerings.
Red Flags to Watch For
- Unregulated broker
- Dead official website
- False claims of regulation
- Abundance of negative customer reviews
- Losing your funds with no legal recourse
Is CK Markets a Scam?
Yes, CK Markets is a scam broker. CK Markets may offer premium features and platforms on its website, but they are an unregulated broker with a non-working website and much user dissatisfaction. CK Markets review reports and articles from numerous sources will conclude that CK Markets is simply unsafe for traders. Do not send this broker money or personal information.
FAQs
Is CK Markets regulated?
No. Although CK Markets claims to belong to multiple regulatory bodies, they are not regulated by any financial authority that is current and known to us.
Can I recover the funds I lost to CK Markets?
Yes, there are ways to start recovery. See below for details.
Is MetaTrader 4 safe with CK Markets?
MT4 is a legitimate platform, but using it through an unregulated broker like CK Markets puts your money at the highest risk.
Final Words of CK Market Review
When selecting a forex broker, be sure the broker is regulated. CK Markets could probably be a scam: many fake claims, negative reviews, and unverified licenses are indications. Multiple CK Markets reviews suggest this is a possible scam.
How to Recover Money from Scam Brokers
If you’ve lost money to CK Markets or another scam broker, don’t give up hope. Scams Report is a trusted platform committed to helping victims recover their funds from fraudulent brokers. We are an expert team that assists in tracking scam brokers, collecting evidence, and guiding you through recovery procedures. Act now before more funds are lost – contact us today to get started.
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Disclaimer: This review is based on online reports and customer complaints. Always research carefully before investing with any broker.
