Successfulmarktplatform review – 5 things you should know about successfulmarktplatform.com

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

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

Successfulmarktplatform claims that it is an award-winning online broker offering and offers traders exactly what they need. The low-quality and messy Successfulmarktplatform website alone is a good reason to be suspicious of these claims. Closer inspection confirms that this is nothing more than a low-effort scam targeting people without the necessary experience and knowledge of financial trading.

Successfulmarktplatform Regulation and safety of funds

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. Genuine brokers also provide access to a comprehensive set of legal documentation. 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.

Successfulmarktplatform does not provide information on the name of the company that manages this alleged broker. An incomplete contact address in London is given.

On the home page we see an image of a supposed certificate, which is obviously fake because it only mentions a brand name but not a legal entity.

The footer on the website lists a different brand, Sure Fx nation.

There is no Successfulmarktplatform in the UK financial regulator’s database and Sure Fx nation is blacklisted.

The link to the Terms and Conditions is blank and the Privacy Policy lists yet another different brand, AlertSignalsNation . This links Successfulmarktplatform to a whole series of bogus brokers we’ve reviewed – Trustworthyfxplatform, UnlimitedWorldwide WinningPlatform, Ultimatefxworld and Iclivetrade.

Under no circumstances should you trust your money to such anonymous websites full of false and contradictory information. Instead, you can turn to one of the many companies that really work under the supervision of respected regulatory bodies like Cyprus Securities and Exchange Commission (CySEC) or Financial Conduct Authority (FCA) in the UK. As their customer you will enjoy a number of guarantees including negative balance protection and guarantee for your funds if the broker goes bankrupt, which goes up to EUR 20,000 in EU and 85,000 GBP in the UK. Regulations in the UK and EU include some important measures designed to improve investor protection and promote market integrity and transparency, such as transaction reporting. Regulated brokers are also required to segregate their operational funds from the client’s money.

Successfulmarktplatform Trading software

Successfulmarktplatform advertises itself as a forex and CFDs broker, but after registering an account we get access to a rudimentary web platform for binary options trading. This is a very simple way to trade the financial markets, but it is this simplicity that makes it prone to scams and exploits. Binary options trading is banned in a number of major markets, including the UK where Successfulmarktplatform claims to be based.

Legitimate brokers offer clients a wide selection of trading software, including desktop, mobile apps and web-based platforms. The most widely used platforms in the industry are MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms have established themselves as industry standard because they offer a wide range of features, including a variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.

Successfulmarktplatform Trading instruments

Successfulmarktplatform advertises trading in forex, cryptocurrencies, indices, stocks, commodities and metals. Like binary options trading, brokers in the UK are banned from offering retail traders crypto derivatives trading. So this is further proof that Successfulmarktplatform is not what it claims to be.

Successfulmarktplatform Spreads and cost of trading

Successfulmarktplatform does not provide any information on the price paid by the trader and other basic parameters such as leverage. As stated, this alleged broker does not even have proper forex trading software.

Successfulmarktplatform Maximum leverage

High leverage creates the opportunity for more significant profit, but correspondingly increases the risk of sudden and excessive losses. All leading regulators therefore restrict leverage for retail traders. The FCA, like EU regulators, limits leverage to 1:30 for trading in major currency pairs and even lower levels for more volatile assets.

Successfulmarktplatform Deposit and withdrawal methods

In the deposit menu of Successfulmarktplatform we see options for cryptocurrencies, bank transfer, e-wallets and credit cards. But in practice it seems only the first option is actually available.

Scammers prefer cryptocurrencies because these transactions are not subject to refunds. While there are some legitimate brokers that accept digital currencies like Bitcoin, they do so alongside other transparent payment methods such as credit/debit card, bank transfer or popular e-wallets like PayPal, Neteller or Skrill.

Successfulmarktplatform Minimum deposit

Successfulmarktplatform requires a minimum deposit of 500 GBP. For a significantly lower amount you could open a trading account with a licensed and established forex broker.

Successfulmarktplatform Withdrawal requirements

Since Successfulmarktplatform does not provide proper legal documentation, it is unclear what traps the fraudsters may have set. Typically, fake brokers make withdrawing money impossible through huge fees and impossible-to-fulfil traded volume conditions.