CKMarkets Review – Counterfeit License, Fake Address And A Real Fraud

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CKMarkets is a company that has been in business for a while, and their website seems well done and maintained regularly. Of course, the car may look pretty on the outside, but it’s what’s under the bonnet that makes it run. The poorly defined Terms and Conditions, many falsehoods and even a counterfeit license are the engine that keeps the CKMarkets rolling.

See the remainder of our CKMarkets Review to learn how to stay protected online.

CKMarkets claims to be a company registered in St. Vincent and the Grenadines. The ckmarkets.com website contains a regulation page, where clients can examine a license issued by the FSA. The problem is, the company is nowhere to be found in the FSA register.

It is questionable whether CKMarkets was ever issued a license in the first place. Even in the case that it was, this license is no longer valid, as the FSA has stopped regulating brokerages.

Furthermore, the same website has given us a company address in Malaysia, which means it should fall under the jurisdiction of Malaysian SCM. CKMarkets is not entered in the SCM register, nor could it be found in the databases of Tier-1 regulators, notably ASIC, FINMA, FCA, BaFIN, CySEC, CONSOB or NFA.

This is what the scam victims of CKMarkets have to say:

“ Terrible platform, apparently they are a broker with all kinds of friendly services, but in reality they are a scammer who resort to multiple means to get money from them. Never go near CKMARKETS! “

“ This CK Market is a big scammer. Don’t ever trade, invest or have anything to do with them. Your money will go so quickly. Trust me, guys. My $1220 are still there, for they keep delaying my withdrawal. “

The job of these Boiler Room Agents is to attract new clients by any means. They pose as financial experts, and claim to have “inside information” on how the markets will shift. Before long, the victim is left penniless, bled dry by the scammers’ insatiable appetite for money.

CKMarkets is by no means a new arrival to the Forex stage. The company was first established in 2017, and this is the year we see on the CKMarkets counterfeit license. Although CKMarkets claims not to offer services to persons in the EEA and the US, their website traffic shows otherwize.

The majority of ckmarkets.com traffic comes from these nations:

Do not hesitate if you have invested any money with the CKMarkets scam. Contact our team of professionals and recover your assets!

CKMarkets offers one of the industry standard trading platforms, the MT4. This is a reliable application with a proven track record reaching back to 2004.

Unfortunately, due to the problems with creating a CKMarkets Login, we could not test the live trading version of the software. Although the software did allow us to speculate, the execution time was quite long, which led to high slippage losses.

The MT4 software is available with all desktop and mobile devices. CKMarkets version of this app is no different. With mobile device support, CKMarkets has their victims firmly grasped even when they are not at home. If you can speculate anywhere, you can also lose money anywhere.

Ckmarkets.com website advertises a diverse set of trading instruments. As usual, they are divided in a few categories.

Here is which trading instruments the broker advertises:

The differences between CKMarkets account types are in spreads, order execution type, margin call and stop out. All account types are available as Swap-Free Islamic accounts, but only in the case that positions do not remain open for more than 30 calendar days.

Account types also wary in max leverage, which interestingly decreases depending on the equity:

Unfortunately, we were prevented from testing live trading accounts due to problems with registering a CKMarkets Login.

All live trading accounts at CKMarkets are said to be mirrored in a demo version. You might say this is true, since we encountered the same account creation issues with a demo as we did with a live account. There was a way to circumvent this, however, through the MT4.

Our access to the application was limited to only 10 or so trading instruments. If this demo was a true representation of its live counterpart, then the selection of trading assets is more limited than we thought. 

CKMarkets advertises spreads starting with 0.0 Pips. The MT4 platform tells a different story, with floating spreads ranging from 25 Pips to 45 Pips for the most popular Forex pairs.

The leverage at CKMarkets is unlimited. Financial regulators in Europe have implemented a 1:30 leverage cap, where in North America this is a bit higher at 1:50. Not only does this break regulatory standards in many countries, it puts the client at immense risk.

CKMarkets offers a deposit bonus of 30%, or up to $1 000 to clients in Malaysia, Singapore, Brunei and Thailand only. They say that Terms and Conditions apply, but the T&C document doesn’t contain a single instance of the world “bonus”. There is no free money on the internet – this is yet another bait for new victims.

CKMarkets can invent any reason to block your withdrawals because of how poorly defined the Terms and Conditions are. The reputation of CKMarkets is such that they simply ignore the withdrawal requests from their clients.

If you have deposited with the CKMarkets scam, you should consider seeking reimbursement as soon as possible. Our legal experts are on hand to help you out of your troubles.

CKMarkets is a notorious scam broker with a counterfeit license. The company is operating from Malaysia, but is targeting people all around the world. Nothing about CKMarkets brokerage instills any confidence, as the website is riddled with false advertisements, and vague promises that go unfulfilled.

For help with resolving any issues you might have with CKMarkets, you may contact our legal experts. We are available 24/7 via the live chat, which you may use to book a free consultation.

Is CKMarkets Regulated?

CKMarkets is an unregulated brokerage with a fake license. The company has been conning people since 2017.

What Are The CKMarkets’ Platforms?

CKMarkets offers the industry standard MT4 to their clients. The application has been compromised by the scammers, and does not function as intended by the developers.

Does CKMarkets Have a Mobile Trading App?

The CKMarkets version of MT4 app is also available for mobile device users, but suffers the same problems as the desktop version.

Can I withdraw my funds from CKMarkets?

Although the scammers behind CKMarkets do not allow withdrawals, your money is still not lost. Contact our recovery experts for more information on how to chargeback your deposited assets.

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CKMarkets is an unregulated brokerage with a fake license. The company has been conning people since 2017.

CKMarkets offers the industry standard MT4 to their clients. The application has been compromised by the scammers, and does not function as intended by the developers.

The CKMarkets version of MT4 app is also available for mobile device users, but suffers the same problems as the desktop version.

Although the scammers behind CKMarkets do not allow withdrawals, your money is still not lost. Contact our recovery experts for more information on how to chargeback your deposited assets.

The post CKMarkets Review – Counterfeit License, Fake Address And A Real Fraud appeared first on Global Fraud Protection.

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