WikiFX Review: Can you withdraw money from Illuminati Markets?

About Illuminati Markets

Illuminati Markets is an online forex broker registered in Hong Kong. Illuminati Markets Limited is incorporated in Hong Kong under the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) and is located in Room 8, 11/F, Wang Fai Industrial Building, 29 Luk Hop Street, San Po Kong, Hong Kong. Incorporation number: 3170624. This broker offers a wide range of financial instruments, including forex, indices, shares, precious metals, energies, and cryptocurrencies.

Account Type & Minimum Deposit

This broker provides traders with two accounts: Classic and Edge. More information can be checked from the table below.

Trading Platform

This broker claims to use the MT5 platform as its main trading platform.

Leverage

If you trade forex with this broker, the leverage can be up to 1000. It is extremely high. We dont advise newbies and inexperienced traders to make use of this leverage ratio.

Regulation: Is IIIuminati Markets legit？

Illuminati Markets Limited is regulated by the Canada FINTRAC Money Services Business(MSB), MSB registration number: M22121693 and is located at 546 Steeles Avenue West, Vaughan, ON, Canada L4J 8P7. Incorporation number:1406370-8.

But according to WikiFX, this broker is an unregulated broker. The regulatory status of this broker is considered suspicious. As a result, WikiFX has given this broker a low rating of 1.07/10.

Exposure

WikiFX has received some complaints against this broker recently. One trader from Malaysia was concerned about this broker being a Ponzi Scheme.

Another investor from Malaysia thinks this broker processes fake transactions.

Conclusion

We cannot ignore the fact that Illuminati Markets has a bad track record. Moreover, this broker is not regulated by any regulatory institution. It is more likely to take your money away fraudulently without interrupting authorities. We urge you to find a better and more reliable alternative instead.

WikiFX contains details of more than 40,000 global forex brokers, which gives you a huge advantage when seeking the best forex brokers. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX App for free through this link below (https://www.wikifx.com/en/download.html).

Click on Illuminati Markets' WikiFX page for details