BrokersView
Search
Download
English
Sign In

Illuminati Markets

Save

Operating status: SCAM

Website: https://illuminati-markets.com/

Broker violations and abnormal records
  • 2024-05-22 BrokersView has Reviewed that Illuminati Markets is an Unregulated Broker

    According to its website, it claims to have Australian Securities & Investment Commission (ASIC) and  Financial Transactions and Reports Analysis Center of Canada (FINTRAC) licenses. Upon investigation, we found that the ASIC AR license had been canceled in 2013. It is also worth mentioning that FINTRAC does not have the authority to regulate foreign exchange.

    The truth is that Illuminati Markets is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.

    Illuminati Markets is a scam.

    According to its website, it claims to have Australian Securities & Investment Commission (ASIC) and  Financial Transactions and Reports Analysis Center of Canada (FINTRAC) licenses. Upon investigation, we found that the ASIC AR license had been canceled in 2013. It is also worth mentioning that FINTRAC does not have the authority to regulate foreign exchange.The truth is that Illuminati Markets is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.Illuminati Markets is a scam.

Related Complaints

Q&A

Illuminati Markets' website looks abnormal, I'm concerned about its operations. Should I withdraw now?

NattyThita
Hungary
2024-05-23
ANSWER Generally, a legitimate broker meticulously maintains its website, designed to display products and facilitate trading. Therefore, the missing parts of the Illuminati Markets website suggest issues with this broker's credibility.Furthermore, Illuminati Markets' alleged Authorized Representative (AR) license from the Australian Securities and Investments Commission (ASIC) has been proven invalid. Records from the ASIC indicate that all licenses potentially associated with Illuminati Markets have been canceled.Moreover, the broker's claim of being registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) cannot be considered authorization for its business activities. This is because FINTRAC is Canada's financial intelligence unit and supervisor for anti-money laundering and anti-terrorist financing, not responsible for licensing or regulating the forex market.In light of these findings, it is prudent to discontinue any engagement with Illuminati Markets, which poses a substantial risk of fraud and identity theft. For a safer trading environment, it is highly recommended to choose fully regulated brokers.
See more

comments

Be the first to review.
Rate and Review

Your review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.