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Illuminati Markets Limited Review: High Risk (Suspected Fraud)

TraderKnows
TraderKnows
05-14

Illuminati Markets Limited, founded in 2023, is a forex trading platform. This article reviews its corporate entity, domain registration, licenses, staff, software, and trade types.

Illuminati Markets limited Overview

Illuminati Markets Limited" is a forex broker officially registered on December 2, 2023, providing financial trading services such as forex, precious metals, crude oil, stock indices, etc., to investors. The company's headquarters address has not been disclosed. The broker's corporate entity is Illuminati Markets Limited, and no additional information regarding other business registration details has been made public.

Domain Registration of Illuminati Markets limited

The official domain of this broker was registered on December 2, 2023, and its domain registration period is very short, being less than a month from the present date.

Illuminati Markets limited

Is Illuminati Markets limited legit or a scam? Does Illuminati Markets limited have any regulatory licenses?

The publicly available information on the official website of Illuminati Markets Limited indicates that the broker holds a license from the National Futures Association (NFA) in the United States, with license number 0557249. Traderknows did verify the registration number on the official website of the National Futures Association (NFA), confirming that Illuminati Markets Limited is registered; however, it's important to note that the broker is registered with the NFA as a non-member entity and is not subject to its regulatory oversight. Additionally, no other regulatory information has been found for this broker, implying that it operates in an unregulated status.

Illuminati Markets limited

Employees of Illuminati Markets limited

Traderknows was unable to find any information about the company's team members on public networks.

Trading Software Provided by Illuminati Markets limited

Illuminati Markets Limited offers users the MetaTrader 5 trading platform, available on both mobile and desktop versions. However, after testing conducted by Traderknows, it was found that the download link for MetaTrader 5 on the broker's website is inaccessible.

Illuminati Markets limited

Illuminati Markets limited软件下载页面

Online Reputation and Client Complaints:

Illuminati Markets Limited is a broker registered in the United States that is currently facing multiple customer complaints and regulatory issues. The broker holds an unauthorized regulatory license from the National Futures Association (NFA, number 0557249), indicating that they are not permitted to solicit or engage in transactions with U.S. residents but may operate in other countries. The broker is suspected of fraudulent activities.

  1. Mandatory Fee Payments: Customers are required to pay taxes or deposits to withdraw funds. Additionally, after an account is frozen, further fees are demanded.
  2. Inducement to Deposit: Foreign individuals, recommended through social media or matching applications, induce customers to deposit funds with Illuminati Markets, leading to fraudulent activities.
  3. Investment Scheme Deception: Customers are lured into participating in so-called investment schemes, which are, in reality, Ponzi schemes. These platforms falsely display profits but engage in no actual investments.
  4. Withdrawal Issues: Customers are unable to withdraw funds from their accounts. Despite profits displayed in the account, customers are still unable to access these funds.
Illuminati Markets limited舆情1

Illuminati Markets limited舆情2

Trading Products Provided by Illuminati Markets limited

Illuminati Markets Limited primarily offers financial trading services to investors, including forex, precious metals, crude oil, and stock indices. The broker claims on its official website that all investment products come with a leverage of 1-100, a minimum deposit requirement of $100, and fixed spreads for users. The broker has not disclosed the supported methods for deposits and withdrawals on its website.

Illuminati Markets limited的交易品种

Illuminati Markets limited

Illuminati Markets limited

Contact Information

Investors can contact Orfinex through various methods such as: phone and email.

Conclusion

Illuminati Markets Limited's corporate registration information is opaque, and it has not obtained authorization or effective regulation from any official financial regulatory authority in any jurisdiction. The broker has not disclosed any crucial information regarding user fund security, company employees, or registered address. Currently, this broker is labeled as “Suspected Fraud” on Traderknows. We hereby advise investors that Illuminati Markets Limited is an extremely high-risk forex broker. It is recommended to steer clear of this platform to avoid potential financial losses.

Illuminati Markets limited(英)

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