Is CK Markets Scam or Legit Broker?

CK Markets has been suspected as a scam broker. According to the website, CK Markets is providing financial services under the laws of Saint Vincent and the Grenadines.

  • The broker’s office is located in an offshore area in Saint Vincent and the Grenadines. Although there is a local registration by the Financial Service Authority, it does not supervise and implement necessary protection rules for investment firms.

About CK Markets
🗺️ Registered inSt. Vincent and the Grenadines
🗺️ Type of LicenseOffshore License
🛡️ Is CK Markets safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

What is CK Markets?

CK Markets is Forex and CFD’s trading provider and platform that offers a diversity of products through industry-leading MetaTarder4. The company claims its professionalism and dedication to the clients need through their dynamic approach and 100% client focus.

  • However, due to the lack of registration, the safety of the trading, investment and trader’s funds, in particular, are at the highest risk, as the CK Markets is not obliged to perform an operation in a way that provides security to the traders.

  • Besides, the CK Markets has already received complaints from the engaged traders that faced some misleads in trading offering during the sessions and in general throughout the CK Markets performance. In turn, in order to avoid unlikely situations industry authorities advises to involve in investments or trading only with the firms that prove their maintenance of reliability and trust.

CK Markets

Overall CK Markets Ranking 

Because of the regulation and safety issues we found during our research of CK Markets, we do not rank positively CK Markets, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

  • CK Markets Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.
RankingCK MarketsBlackBull MarketsFP Markets
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
Is Broker safe? NoYesYes
AdvantagesNoneTrading InstrumentsTrading Conditions

CK Markets Alternative Brokers

We revealed that CK Markets has a lot of issues, mainly in respect of its safety and customer care. Thus, here are much better Alternatives to CK Markets with tight regulations and great trading conditions. We select Good Brokers and reliable options for your comparison below: 

  • HFM – Good for Currency trading
  • FP Markets – Good for CopyTrading
  • FXTM – Good for Beginners

Deposit & Withdrawal

At CK Markets, making deposits and withdrawals is simple and quick. The broker offers multiple funding options, including Bank wire transfers, cryptocurrencies, Visa and Mastercard payment cards, plus Skrill, Neteller, tether, etc. Deposits are processed instantly.

  • When an account is inactive for a period of 6 months the broker applies an inactivity fee of 5 USD.
  •  If the trader withdraws the funds after no trading activity, CK Markets reserves the right to charge the equivalent amount of any banking fees incurred, or 3% of the total withdrawal amount.

CK Markets Review Conclusion 

We advise to stay away from CK Markets and sign in with Regulated Brokers only that hold a reliable license and are constantly overseen, with a report of every open trade along to the scheme coverage or even more. There are many companies that are licensed by the regulators like UK’s FCA brokers such as FBS and BlackBull Markets recommended as the best trading company provider.

  • Overall ranking and experience for CK Markets is Negative

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