555markets is a forex and CFD broker located in Marshal Islands. The broker claims to be licensed in the Marshal Islands by the financial regulator there, however, the fact is the Marshall Islands do not have any financial regulator, and all the forex brokers registered and located in its territory are completely unlicensed. The broker claims to provide an MT4 platform but when you open the trading platform through the broker’s site you will be directed to a third-party page of broker jet, which we assume is another unlicensed company. Thus, we can say that the MT4 trading platform is not available.
Checking on the payment modes and options with the broker, we found that the claim of the broker says that a user can deposit the funds with the broker via Visa, directa24, MasterCard, Yandex Money, Alfa-Bank, a range of cryptocurrency addresses, and QIWI. But, in the actual scenario there is no way one can choose any of these. As, there is a single option of the “Deposit” button, that when clicked on redirects us to a NasaPay terminal. The broker is not licensed and providing false claims to trap the traders. Hence, we would suggest avoiding this broker on the grounds of it being suspected as a scam.
If you have traded with 555MARKETS and believe you have been scammed by them you have a chance to get your money back. Many unregulated brokers have been found to scam traders. At Broker complaint registry it’s our job to make sure you can fight back and get your money refunded. By filling the form you have taken the first step to recover your money.
Is 555MARKETS a scam or legit broker?
555MARKETS has been suspected as a scam broker. We don’t recommend to trade with them and if you are trading with 555MARKETS contact them immediately and try to get your fund out. If the 555MARKETS has done the following, you have probably a victim of 555MARKETS scam broker.
Reason to suspect a scam broker is in action:
The broker froze your account
The broker blocked your account
You cannot login back into your account
Money has been taken out from the account
The broker doesn’t take your calls
The broker shut down his website
You noticed the broker took money out from your bank account with out your permission
The broker is offering you a bonus
The broker is offering you to fund more money into the account after you lost a large sum
Don’t give up. You can fight back and get your money refunded. Start by filling the form above and we will get in touch with you and provide you with information on how to start the process.