TiMarkets Review: An Offshore Unregulated Broker

TiMarkets Review
  • Fund Safety
  • Regulation
  • Customer Support
0.5

Summary

TiMarkets is a forex broker that tries so hard to look like a professional company. TiMarkets claims to be the best forex broker for you and your investment. Unfortunately, every company in the market says this about itself. It takes proper research to separate the best from the scammers. Sadly, the scammers greatly outnumber legitimate companies.

TiMarkets is a forex broker that tries so hard to look like a professional company. TiMarkets claims to be the best forex broker for you and your investment. Unfortunately, every company in the market says this about itself. It takes proper research to separate the best from the scammers. Sadly, the scammers greatly outnumber legitimate companies.

TiMarkets is yet another one of these scammers in the market. The company launched on the 20th of November 2020. Still, the company has the confidence to claim to be the best option for your investment. We always advise against investing in young companies in the market. Most of such companies are scammers looking to make a buck off of people’s hard work.

TiMarkets Review, TiMarkets Company

It is better to wait off new companies before you invest. Better yet, you should stick with companies that have been in the market longer. Such companies have the experience necessary to help you safeguard and grow your investment.

For your peace of mind, invest only in the best forex brokers in the market. Such companies operate with high levels of professionalism and transparency. Moreover, they have the trust of thousands of seasoned traders.

Timarkets.com Review

Timarkets.com promises clients over 7000 market instruments. This is a good thing because it allows traders to spread their risk of investment. Here, clients can trade assets from nine different classes. These classes include forex, indices, shares, commodities, metals, bonds, vanilla options, and EFTs.

Further, the company provides one of the best trading platforms, MetaTrader 4. This is one of the most popular trading platforms among traders for a reason. It is very powerful and robust. Furthermore, it allows for one-click transactions and instant executions.

However, while these features are good, they do not mean a lot when investing in a shady company. The disadvantages of TiMarkets greatly outweigh the advantages. Moreover, the lack of transparency in this company is worrying.

TiMarkets Scam Review, TiMarkets Features

The company provides trading education to clients but they lack transparency. The people behind the operations did not care enough to reveal who the educators are. It is a bad idea to take training from unknown individuals on the Internet. At the very least, you should know who they are and what their trading history looks like. This way, you can decide whether their approach is right for your portfolio.

In terms of customer support, there are two channels to reach TiMarkets. You can call the company on +49 151 28313710. Additionally, you can email them at contact@timarkets.com. However, this is no guarantee that the company will reply to your queries.

TiMarkets Account Types

There are four main account types to choose from on TiMarkets. These include the Micro, Standard, Premium, and VIP accounts. These accounts differ depending on the investment a client makes. The higher the investment, the better the perks one receives.

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The Micro account accepts a minimum deposit of $250. This account allows you to only trade forex with spreads from 1 pip. The maximum leverage here is 1:500 and the minimum trade volume is 0.01 lots. 

The Standard account accepts a minimum deposit of $2,500. This account allows you to trade forex, indices, and even commodities. The spreads for this account start from as low as 1 pip and the maximum leverage is 1:300. Additionally, the minimum trade volume is 0.01 lots.

The next account is the Premium account. This account accepts a minimum deposit of $25,000. This account allows you to trade more market assets with spreads from as low as 0.6 pips. The leverage for this account is 1:100. Additionally, the minimum trade volume is 0.1 lots. Further, this account also gives clients a fund manager.

The final account is the VIP account. This requires a minimum deposit of $100,000. This account gives users access to all market instruments with spreads from 0.2 pips. The maximum leverage for this account is 1:100 and the minimum trade volume is 0.1 lots. Further, this account comes with an account manager.

TiMarkets Founders and Physical Address

We always insist that you should never invest in any company operated by unknown individuals. Unfortunately, this would be the case here if you choose to invest. The website does not introduce us to any of the founders or team members. There is no telling what kind of background these people have.

There are a lot of risks involved in investing in mysterious people on the Internet. They may decide to disappear with your money, and you will have no one to turn to. Moreover, it might be impossible to track these people down. The company gives its address as Suite 305, Griffith Corporate Centre, Beachmont, P.O Box 1510, Kingstown St. Vincent and the Grenadines.

This jurisdiction has very loose laws. It allows anyone to register and run a company without ever stepping foot in the country. Therefore, you may not find these people in the location that they provide.

Regulation and Fund Safety

TiMarkets claims to be a regulated company in the United Kingdom. They claim to have regulations from IRBEM. However, we can assure you that this is not a real regulatory body. The body in charge of forex regulations in the UK is the FCA. We searched the FCAs database and found no results matching TiMarkets.

Additionally, this company’s headquarters are in St. Vincent and the Grenadines. This country does not have a reliable forex regulator to keep companies in check. Therefore, we can conclude that this is an unregulated entity. This makes TiMarkets an illegal operation.

Such a company cannot assure you of your funds’ safety. They promise to store your money in Tier-1 banks, but that is just for show. In the real sense, this company does not have the right banking set up to protect your funds.

Moreover, there is no evidence of systems’ protection here. The company does not tell us the software or hardware it uses to protect its systems from hacking attacks. Therefore, hackers can easily access and steal your funds.

Customer Testimonials

Often, some companies will present fabricated customer testimonials in order to attract customers. They want you to think that they have real people enjoying their services. TiMarkets is one of these companies. The people behind this company will do anything to get you to send them your funds.

They present us with four customer testimonials, all praising the company. The only problem here is that these are not real people. The images TiMakrets uses are stock images from the Internet that anyone can use. Do not fall for this company’s antics.

Final Verdict

TiMarkets is one of the shadiest companies in the market. You should not invest in this company unless you are okay with losing your money. This company has a low level of transparency and professionalism. We have no idea who is running this company or what their background looks like.

Additionally, these people are willing to lie just to get you to invest. Even worse, this company does not have regulations. It is an illegal operation and the founders know it.

You are better off sticking with legitimate forex brokers that have been in the market longer. Such companies have the trust of thousands of seasoned traders for a reason. They operate with full professionalism and transparency.

 

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