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


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


If the bragging on the InsiderMark website is to be believed, this is “a brokerage that offers it all – security, transparency, low fees, multiple trading instruments and so much more”.

However, even a basic fact check reveals a completely different truth. This anonymous website is not a legitimate financial services provider, and its sole purpose is to scam inexperienced people out of their money.

InsiderMark Regulation and safety of funds

Guaranteed FundsSegregated AccountsNegative balance protection
UK regulated brokers£85 000YesYes
EU regulated brokers€20 000YesYes
AU regulated brokersNoYesYes
US regulted brokersYesYesNo

If a financial services provider is legitimate, you will find on its website clear and detailed information about the company that owns and operates it, where it is based, and what licences it has.

The availability of such information does not guarantee that it is not false or misleading. But the absence of these elements is very indicative that in all likelihood you are dealing with scammers.

It is a complete mystery who is behind InsiderMark. The website does not identify a company name. This also applies to the Terms and Conditions and other legal documentation.

No address or applicable jurisdiction is listed anywhere. The only method of contact is email.

It shouldn’t have to be said, but you shouldn’t put your money on the line if you don’t know who you’re dealing with.

If you have decided to invest in financial instruments, and especially if you are a novice trader, you should use the services of a licensed broker based in a jurisdiction with strong regulations.

Depending on your location, it is advisable to choose a company that is regulated by an institution such as Commodity Futures Trading Commission (CFTC) in the US, Australian Securities and Exchanges Commission (ASIC), UK’s Financial Conduct Authority (FCA) or some EU regulator like Cyprus Securities and Exchange Commission (CySEC).

Clients of these brokers receive protections such as negative balance protection and segregation of the client’s funds from the broker’s funds.  In the EU and the UK, brokers must also participate in guarantee schemes that cover a certain amount of the trader’s investment if the broker becomes insolvent. These guarantees amount to up to 20 000 EUR in the EU and 85 000 GBP in the UK. However, the likelihood of such a bankruptcy is low because regulators also have significant net capital requirements that companies must maintain – EUR 730 000 in UK and Cyprus, AUD 1000 000 in Australia and at least 20 million USD in the United States.

InsiderMark Trading software

Analytical toolsAuto tradingCustom indicatorsMobile apps
InsiderMark platform
MT430+ indicatorsAndroid
MT550+ indicatorsAndroid
cTrader40+ indicatorsAndroid and iOS

On the homepage of the website, we see the claim that InsiderMark offers the popular MetaTrader 4 (MT4) platform, while the FAQ section mentions the newer MT5 software version.

But after registering an account, we get access to a pretty basic web trading platform that doesn’t feature extensive customization options or advanced functionality.

We’ve seen the exact same platform being used by multiple fake brokers we’ve encountered. Scammers are using rigged trading software to fool their victims into believing that their money is really being invested and even turning a profit.

There are plenty of legitimate, regulated brokers who enable their clients to take advantage of MT4 and MT5‘s capabilities.

These platforms have established themselves as leaders because they offer a wide range of features, including a wide variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.

InsiderMark Trading instruments


InsiderMark claims to offer trading in all major asset classes – forex, cryptocurrencies, commodities, equities and indices. But as noted, there is no guarantee that this trading is not fictitious.

InsiderMark Spreads and cost of trading

Spread EURUSD11.711.1
Spread GBPUSD1.
Spread USDJPY1.

The descriptions of the account types purportedly offered by InsiderMark do not include any specific information regarding trading terms.

Genuine forex brokers provide detailed information about the trading conditions. Legitimate companies also offer different account types to suit clients with different experience, capital and investment intentions.

In the trading platform we see a spread of 1-1.2 pips for the major currency pairs. This would be a competitive level if InsiderMark was a legitimate forex broker.

InsiderMark Maximum leverage

UK regulated brokers30:15:110:110:1
EU regulated brokers30:15:12:110:110:1
AU regulated brokers30:15:12:110:110:1
US regulated brokers50:1

The trading platform has a leverage of 1:100 for all asset types.

This is not a level that you see with regulated brokers. Trading with high leverage allows higher profits, but also increases the risk of sudden and excessive losses proportionally. All leading regulators limit leverage for retail traders.

In the EU, UK and Australia the maximum permitted level is 1:30 and in the US it is 1:50. This maximum level only applies to trading major currency pairs, with even more limited leverage for more volatile assets.

InsiderMark Deposit and withdrawal methods

Deposit timeWithdrawal timeFee
Crypto24 hours24 hoursDepends on crypto

The text of the Terms and Conditions mentions credit cards and bank transfer, but the InsiderMark deposit menu limits the choice of payment methods to various cryptocurrencies.

This is typical of financial scammers. Cryptocurrencies are their payment method of choice because on the one hand they allow the scammer a degree of anonymity, and on the other hand they do not allow the scammed to ask for a refund.

Legitimate brokers typically offer clients a wide choice of transparent payment methods, including bank transfer, credit/debit cards and established e-wallets such as PayPal, Skrill or Neteller.

If you’re interested in legitimate brokers that accept digital currency payments alongside conventional methods, check out this list.

InsiderMark Minimum deposit

Minimum deposit$500$5$10$5

InsiderMark requires a minimum deposit of 500 USD. For this amount you could open an account with almost any licensed broker in the world. Many leading brands offer Micro accounts to beginner investors with a much lower minimum deposit.

InsiderMark Withdrawal requirements

Trading volumeFee/Tax on withdrawalMinimum withdrawal
InsiderMark25x Bonus+DepositNot disclosed$1000
UK regulated brokersNoNoNo
EU regulated brokersNoNoNo
AU regulated brokersNoNoNo
US regulated brokersNoNoNo

According to the Terms and Conditions, the minimum withdrawal amount is 1000 USD by wire transfer and 100 USD by credit card. But as it turned out, InsiderMark does not actually offer these payment methods.

If the account has received a bonus, it can only withdraw funds after meeting high minimum trading volume requirements – 25 times the deposit amount plus the bonus. Scammers use such clauses to block any withdrawal requests.


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