Score

1.96 /10
Danger

Cooper Markets

Saint Vincent and the Grenadines

Scam Brokers

5-10 years

Suspicious Regulatory License

High potential risk

C

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Comparison

Quantity 75

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.11

Risk Management Index0.00

Software Index6.91

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

More

Danger

ID BAPPEBTI
2022-02-02
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Warning

SG MAS
2021-08-24
Investor Alert List
Cooper Markets

Danger

MY SCM
2021-01-01
INVESTOR ALERT LIST
Cooper Markets

Broker Information

More

Company Name

Cooper Markets

Company Abbreviation

Cooper Markets

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Twitter

Facebook

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

This platform is a Ponzi Scheme. Please stay away! 4
Previous Detection : 2024-09-29
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

WikiFX Verification

Pyramid scheme complaint
Expose
    Cooper Markets · Company summary

    General Information & Regulation

    Cooper Markets is a Forex and CFD broker and this broker is not subjects to any regulation at this stage. Traders are advised not to choose an unregulated broker, as they can guranteen clients funds.

    Market Instruments

    Investors can trade popular currency pairs in the Forex market, metals (silver & gold), energy, commodities, and CFD products with Cooper Markets.

    Minimum Deposit

    Cooper Markets offers investors four different types of trading accounts: Standard ($100 initial deposit), ECN ($3,000 initial deposit), Premium ($100 initial deposit), and Swap-free ($500 initial deposit).

    Cooper Markets Leverage

    When it comes to trading leverage, the maximum leverage level offered by this broker is up to 1:500, relatively high. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

    Spreads & Commissions

    Spreads start at 1.6 pips for Standard accounts, 0.8 pips for ECN accounts, 2.2 pips for Premium accounts, and 1.6 pips for SWAP-free accounts. Objectively speaking, the spreads offered by Cooper Markets are above the industry standard.

    Trading Platforms

    Cooper Markets offers traders the market-leading and widely acclaimed MT4 trading platform, as well as MT4 Android, MT4 Desktop, and MT4 iPhone. MT4 has powerful charting tools and a large number of custom technical indicators, supports EA and automated trading, and helps traders of all levels to develop differently. It helps traders of all levels to develop different trading strategies to get ahead in the financial markets.

    Deposit & Withdrawal

    Cooper Markets supports traders to deposit and withdraw funds from their investment accounts through a variety of payment methods, such as the popular e-wallet payments Skrill, Neteller, Perfect Money, Fasapay as well as some local banks in Malaysia, Thailand and Indonesia.

    News

    ExposureBREAKING! Blind Malaysian Lost over 430K to scammers!

    Forex scams are devoid of humanity, preying even on individuals with disabilities and sparing no one. Apart from people with disabilities, numerous retirees have also become ensnared in these schemes. Without further ado, take a closer look at the grievances of these individuals and their complaints.

    WikiFX
    2023-08-11 12:36
    BREAKING! Blind Malaysian Lost over 430K to scammers!

    User Reviews

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    User comment

    5

    Comments

    Write a review

    Z 。
    more than one year
    With the Cooper Markets platform, sharp slippages occurred frequently that markets actually did not happen, I suffered heavy losses here. So I want to know where I can complain this broker and get my money back?
    With the Cooper Markets platform, sharp slippages occurred frequently that markets actually did not happen, I suffered heavy losses here. So I want to know where I can complain this broker and get my money back?
    Translate to English
    2023-02-16 17:42
    Reply
    0
    0
    FX1147794461
    more than one year
    網站麽打不開,注冊地麽聖文森特和格林納丁斯(大家瞭解的都知道這個地方有多敏感吧),拍照麽也沒有,曝光麽一堆……希望大家都能看清這個公司的 本質!
    網站麽打不開,注冊地麽聖文森特和格林納丁斯(大家瞭解的都知道這個地方有多敏感吧),拍照麽也沒有,曝光麽一堆……希望大家都能看清這個公司的 本質!
    Translate to English
    2022-12-14 10:32
    Reply
    0
    0
    75