Forex Value Market is a Contract for Difference (CFD) broker officially registered on October 30, 2023. This broker primarily offers numerous trading markets through platforms such as MT4, MT5, and cTrader, including forex, commodities, indices, bonds, digital currencies, stocks, futures, and more, without operations in the United States, Canada, Israel, New Zealand, Iran, and North Korea.
Company Registration Information and Regulatory Status:
Public information on the Forex Value Market official website indicates that it is registered in the Seychelles under the business entity Raw Trading Ltd, with the registration number 8419879-2. This entity is authorized and regulated by the Seychelles Financial Services Authority (FSA), under the license number SD018.
Upon verification, the Seychelles Financial Services Authority (FSA) official website indicates that Raw Trading Ltd is a business entity registered in the Seychelles by the broker IC Markets, with its FSA-approved websites being https://www.icmarkets.sc and https://www.icmarkets.com. Therefore, Forex Value Market is a fraudulent website masquerading as IC Markets.
Moreover, this broker's webpage design is plagiarized from IC Markets, similar to fraudulent brokers such as Linoxx, ExpertSync, Continentaloptionslive, Venosvista, Fenext, Elon-Mining, among others.
Account Opening:
To open an account with Forex Value Market: Visit the broker's official website homepage, click on "Get Started" or "Start Trading" at the top right corner of the page to access the account registration page, fill in personal information such as name, email address, set a login password, and submit. Once submitted, the account registration is immediately successful.
Trading Accounts:
Forex Value Market offers three different types of trading accounts: cTrader Account, Raw Spread Account, Standard Account.
cTrader Account:
- Trading Platform: cTrader
- Commission per lot: $3.0 (round trip $6.0)
- Spread: From 0.0 pips
- Minimum opening deposit: $200
- Leverage: 1:1000
- Maximum orders per account: 2000 lots
- Server location: London
- Micro lot trading (0.01): Supported
- Currency pairs: 61
- Indices CFD trading: Supported
- Margin call level: 50%
- One-click trading: Supported
- Islamic account: Available
- Allowed trading methods: All
- Order distance limitation: None
- Programming language: C
Raw Spread Account:
- Trading Platform: MetaTrader
- Commission per lot: $3.5 (round trip $7.0)
- Spread: From 0.0 pips
- Minimum opening deposit: $200
- Leverage: 1:1000
- Maximum orders per account: 200 lots
- Server location: New York
- Micro lot trading (0.01): Supported
- Currency pairs: 61
- Indices CFD trading: Supported
- Margin call level: 50%
- One-click trading: Supported
- Islamic account: Available
- Allowed trading methods: All
- Order distance limitation: None
- Programming language: MQL4
Standard Account:
- Trading Platform: MetaTrader
- Commission per lot: $0.0
- Spread: From 0.6 pips
- Minimum opening deposit: $200
- Leverage: 1:1000
- Maximum orders per account: 200 lots
- Server location: New York
- Micro lot trading (0.01): Supported
- Currency pairs: 61
- Indices CFD trading: Supported
- Margin call level: 50%
- One-click trading: Supported
- Islamic account: Available
- Allowed trading methods: All
- Order distance limitation: None
- Programming language: MQL4
Trading Platforms:
The Forex Value Market official website claims to offer MT4, MT5, and cTrader trading platforms to its users, but it does not provide relevant download links, nor can a broker named Forex Value Market be found on those platforms.
Deposits and Withdrawals:
Forex Value Market supports deposits and withdrawals via credit/debit cards, e-wallets, and bank transfers.
Conclusion:
Traderknows warns investors that Forex Value Market is actually a scam website that impersonates the broker IC Markets. Investors are advised to choose brokers who are transparent with information, strongly regulated, and have a good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected of scam" on Traderknows.
