CepMarkets review – 5 things you should know about cepmarkets.com

CepMarkets review – 5 things you should know about cepmarkets.com

Beware! CepMarkets is an offshore broker! Your investment may be at risk.


IG USForex.com

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


CepMarkets is a limited and unprofessional broker, whose website is uninformative and misleading. These are all recipes for failure, but it’s only the beginning. Behind its inadequate website, hides an even bigger secret that CepMarkets does not wish its depositors to know. The following review uncovers everything there is to know about this broker.

In order to create an account, we had to go through a simple registration form that took us no more than 20 seconds to complete. Upon signing up, we were redirected to a trading software which was also the main page of the user area. Both the trading area and the rest of the submenus had an interesting twist to them, making them a first for us. Unfortunately, we feel that CepMarkets is a hidden scam, and that is why we feel that the interface is wasted potential.

The trading software reveals that users can really only trade with four asset pairs: BTC/USDT, ETH/BTC, BTC/EUR, and BTC/GBP. There is nothing on the website to support otherwise. This is unacceptable, even for a shady broker. What’s more, is that there is no leverage indicated anywhere. With these assets, the max leverage cap is around 1:10.

The website of the company is available in English, Russian, and German.


The main thing we learn from our research is that CepMarkets is supposedly located and operating from the UK. However, we find no proof that the brokerage is licensed by the local FCA. The overseer does not mention the broker in its databases, nor does the firm itself asserts that it is in possession of an FCAA license.

The Terms and Conditions are also heavy on the clauses that confuse users by stating that it is their responsibility to check with their local authorities if they are allowed to trade with CepMarkets. This is classic misdirection practiced by illegal brokers. The responsibility of being authorized falls solely on the broker’s shoulders.

Make no mistake, CepMarkets is UNREGULATED, and, therefore, a risk to all investments!

Investing in unlicensed brokers is basically throwing your money in vain. We urge our readers to always check for a license before doing anything. Usually, if a broker has one, it will proudly showcase it, but it’s always recommended to check with the regulator. Some of the most trustworthy license issuers are the FCA or CySEC, whose authority spans hundreds of brokers, among which are some of the world’s top. What’s more, is that bot the FCA and CySEC offer client reimbursement schemes to users who have not been paid by a regulated broker. CySEC guarantees up to €20 000 per person, while the FCA guarantees up to £85 000.


The trading web-based terminal used by CepMarkets is proper in the visual department, but it lacks any sort of quality and quantity in the most important area- delivery of services.

This trader office comes with a very short list of features: live news feed, time frames, some chart customization options, and that’s basically it.


Interestingly enough, the user area had no depositing section. We believe that clients have to be verified by the broker before it opens to them the depositing section. This is a rare event when an illegitimate broker does not allow for direct deposits. Most scammer brokers we review push for deposits in any way they can. The Terms and Conditions reveal that the payment methods are bank transfer, credit cards, debit cards, and a range of undisclosed alternative payment methods. However, we have learned not to trust the website of an unregulated broker with the payment methods, because most of the time there is a clear disagreement between the two sources (website and member area). The most common payment method used by fraudulent brokers is bitcoin. There is no indication of a minimum deposit.

The withdrawal section is actually available to users. It reveals that clients of CepMarkets can withdraw through PayPal, bank transfer, and a crypto wallet. We learn from the legal docs that withdrawals are subjected to handling fees that have not been given any value. The typical withdrawal processing time is from 2 to 5 days.

Non-Deposited Funds are basically all the profit gained from trading. IUf the user tries to withdraw any profit from trading CepMarkets will block the request and keep the amount for itself!

CepMarkets is a definite scam and a risk to all investments. Stay away from this one!

How does the scam work?

The first step to this very popular scam is actually one that is taken by most online scams. It has to do with users falling for fake online ads that use a repertoire of alluring elements, including money, beautiful women, expensive cars, and luxurious villas. The only aim of these fake advertisements is to induce the internet user into clicking on them.

Behind these ads is hiding either the scammer broker or an intermediary website whose aim is to introduce the user to the fraudulent broker. On either of these sources, the user will be asked to provide contact information, either a phone number or an email address.

Soon the investor will start receiving calls from a representative of the brokers, whose goal is to stimulate a user into deposit once! If the deposit is successful, then these individuals will let the user go, but sooner they will start getting more calls and emails from the expert scammers, the so-called account managers. The pro fraudsters are here to stay and will induce more deposits from the users, using manipulative tactics, psychological tricks, and pure charm. Those that give in, will sometimes unknowingly deposit huge amounts!

Once the user realizes that he or she has been scammed, it’s usually too late, however, there are some ways of getting your money back, potentially. But before that, the scam artists will try to distract you from withdrawing by either stalling the request or simply advising you against it. Some brokers, however, go the extra mile and are not afraid to shut down the user account and at times the entire website.

What to do if scammed?

The best defensive maneuver is filing for a chargeback through the client’s credit or debit card company. MasterCard and VISA have a chargeback period of 540 days.

If users have lost money by investing it through a bank, then they should change their bank account username and password first! The next step is to call the bank directly and see what they can do.

Investing in any kind of crypto is advised against. Payments made through these are untraceable and as such are lost forever.

Also, never thrust any recovery agents or agencies. These are scammers as well and will take your money. They usually appear once you have been scammed and will offer their monetary retrieval services. But before tracking your lost funds, they will ask for an upfront payment in the form of a service fee. Once this commission is paid, the recovery agent will disappear alongside your money!

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