In this review we have a look at the cryptocurrency trading platform called Finances Markets.
Should you? Is this really a reliable solution?
Finances Markets scam
Just a quick check of the Finances Markets website revealed two major lies, which led us to the conclusion that this exchange is a scam.
Not the largest
The first question is, whether Finances Markets is a crypto exchange or a broker. An exchange will allow you to buy and hold cryptocurrencies directly, while a broker will let you trade crypto derivatives.
But the answer is not important to the fact that Finances Markets is certainly not the largest in the world, no matter if it is a broker and exchange. In fact, it is not even among the biggest, it is among the smallest and unknowns.
Finances Markets testimonials
Because all the testimonials are fake. As you can see on our picture, they used stock photos to portray fictitious clients.
We have gone through the terms and conditions of Finances Markets and one thing is clear, it is a general text copied from somewhere else. But it speaks about trading contracts for difference (CFD), which suggests that this service is a broker, not an exchange.
A broker always needs a license in order to operate legally, but Finances Markets clearly is not regulated. So, it seems it is an illegal broker.
Finances Markets review conclusion
Finances Markets is clearly lying, it is not an honest crypto service, stay away from it!
If you want to trade cryptocurrencies with a regulated broker, start on a free demo account and learn.
Don’t forget that in real trading you can have profits, but also losses, so be responsible.