Illuminati Markets is a forex and contract for difference (CFD) brokerage firm that was established in Hong Kong, China in January 2022. It is headquartered in Selangor, Malaysia and primarily offers CFD trading services for forex, stocks, precious metals, energy, indices, and more. The broker does not provide services to North Korea, Japan, the United States, or any other jurisdiction that may violate local laws or regulations
Company Background:
Illuminati Markets was founded in July 2022 in Hong Kong, China, with its actual office located in Selangor, Malaysia. The company is registered as Illuminati Markets Limited, with the company number 3170624. This information has been verified through the Integrated Companies Registry Information System (ICRIS) in Hong Kong.
Additionally, according to Whois information, the official website domain was registered on June 2,2022, making it just over a year old from the registration date.
Regulatory Information:
Illuminati Markets is not regulated by any regulatory authority, which may pose potential risks in terms of asset safety, investor protection, and risk prevention. TraderKnows advises caution when dealing with this brokerage, as trading with an unregulated entity carries higher risks. Investors should exercise diligence when considering the services of this brokerage to protect their financial interests.
Trading Products:
Illuminati Markets offers various financial instruments for trading, including:
Forex: Providing opportunities to trade various currency pairs in the forex market. Forex CFDs allow investors to speculate on the price changes between one currency and another. Examples of available currency pairs include EUR/USD, GBP/USD, and USD/JPY, among others.
Stocks: Traders can engage in CFD trading for stocks of different companies, including well-known companies like Apple, Microsoft, and Amazon. This allows investors to participate in the market without holding actual stocks.
Precious Metals: CFDs for precious metals like gold and silver offer trading opportunities based on price fluctuations. Precious metals CFDs enable investors to trade without owning physical assets, potentially capitalizing on price fluctuations.
Energy: Energy CFDs are contracts that permit investors to engage in long (buy) or short (sell) trades based on price changes in energy commodities. This allows investors to participate in the energy market without physically holding these commodities.
Indices: Index CFDs enable investors to trade based on the price performance of market indices without buying or selling the actual component stocks or assets.
These products not only provide investors with access to various financial markets but also enable them to manage risk through different investment portfolios.
Trading Platform:
Illuminati Markets offers the Metatrader 5 (MT5) trading platform to investors. MT5 is widely recognized and popular in the financial industry for its advanced trading features and a range of analytical tools. Through MT5, investors can access real-time market data and utilize various technical indicators and charting features to analyze market trends. The software is compatible with multiple devices, including PC (Windows/MacOS), web, and mobile devices (iOS/Android), allowing investors easy access to their trading accounts.
Account Registration:
The Illuminati Markets official website provides a link for account registration but does not specify whether the registration is for demo or live accounts. The registration page on the brokerage's website is currently inaccessible.
Account Types:
Illuminati Markets offers two account types for investors:
- Edge Account (Minimum deposit of $100)
- Classic Account (Minimum deposit of $100)
Investors can choose the account type that best suits their trading needs.
Spreads and Leverage:
Illuminati Markets offers a maximum leverage of 1:500, with only Edge accounts incurring commissions. However, detailed information regarding spreads is not provided. Investors engaging in high-leverage forex trading should undergo thorough education, understand market mechanisms, and carefully consider their investment objectives and risk tolerance.
Deposits and Withdrawals:
The Illuminati Markets website offers deposit and withdrawal methods such as VISA, Skrill, and China UnionPay, along with information about supported currencies, fees, and deposit processing times.
Customer Support:
Investors can access Illuminati Markets' 24/7 customer service through various channels, including phone, social media (such as Facebook), and email.
Additional Services:
The Tools section on the Illuminati Markets website provides educational resources for investors, including an economic calendar, training courses, and terminology. The economic calendar helps investors track important economic data and financial events. The training courses and terminology sections aim to enhance investors' trading skills, trading psychology, and risk management.
Summary:
The registration information provided on the Illuminati Markets website appears to be genuine. However, it's important to note that this brokerage is not regulated by any regulatory authority. As of now, TraderKnows has marked this brokerage as "Unregulated." Users are advised to exercise caution when considering the services offered by this company, safeguard their financial assets, and avoid falling into potential fraudulent schemes.
