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A regulator warning has been issued by Canadian authorities against Time Markets in September 2023
Time Markets is a forex and CFD broker that claims to offer a wide range of trading instruments, competitive spreads, and fast execution. But is Time Markets a legit broker or a scam? In this review, we will examine the features, regulations, and reputation of Time Markets and help you decide if it is worth investing with them.
Time Markets is owned and operated by Time Markets Limited, a company registered in St. Vincent and the Grenadines. The broker does not provide any information about its license or regulation on its website, which is a major red flag. This means that Time Markets is not authorized to offer financial services in any jurisdiction and does not comply with any rules or standards regarding client protection, fund segregation, or dispute resolution. Trading with an unregulated broker exposes you to a high risk of losing your money to fraud or manipulation.
Time Markets offers four types of trading accounts: Basic, Standard, Premium, and VIP. The minimum deposit for the Basic account is $250, which is higher than the industry average. The spreads are also very high, starting from 3 pips for the EUR/USD pair. The leverage is up to 1:400, which may seem attractive but also increases the risk of losing more than you invest. The broker also charges commissions on some trades, as well as fees for withdrawals, inactivity, and account maintenance.
Time Markets provides a web-based trading platform that is simple and easy to use, but lacks many advanced features and tools that are available on other platforms such as MetaTrader 4 or 5. The broker also offers a mobile app for Android and iOS devices, but it has very low ratings and negative reviews from users who complain about its poor performance and functionality. The broker does not offer any educational or analytical resources, nor any bonuses or promotions to attract new clients.
Time Markets has a very poor reputation among online traders and reviewers. There are many complaints and warnings about the broker’s unethical and fraudulent practices, such as refusing to process withdrawal requests, manipulating prices and spreads, closing trades without consent, and harassing clients with phone calls and emails. The broker also uses fake testimonials and awards on its website to mislead potential customers. There are no positive reviews or feedback about Time Markets on any reputable website or forum.
In conclusion, Time Markets is a scam broker that should be avoided at all costs. The broker is not regulated, has very unfavorable trading conditions, offers a subpar trading platform, and has a history of scamming and cheating its clients. We advise you to stay away from Time Markets and look for a reliable and regulated broker instead.
What to Do If You’ve Lost Money with Time Markets?
If you have been scammed by Time Markets or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.