Cooper Markets Review – Fake Broker Without Credibility
Cooper Markets Review, The company is registered in St. Vincent and Grenadines (SVG). The Cooper Markets broker brand is owned by CP Markets LTD. The company has been offering FX and CFD services since it was registered in 2018.
There is a long list of nations where they are not available. Read this comprehensive Cooper Markets review and discovers all reasons for that. Whether it’s because of their restrictions or the strict rules that are necessary.
|Company||CP Markets LTD|
|Headquarters||St. Vincent and Grenadines|
|Warning||SC Malaysia, CNB Czech Republic|
Regulation and Security of Cooper Markets
We won’t be the only ones to claim that the broker is a swindler. But some regulators will as well. They cannot be controlled in the SVG because there are no such licenses available there.
They don’t have any Tier 1 regulations either, which is the second issue. As the best representatives, we searched the FCA, ASIC, and BaFin databases. However, the outcomes were quite disappointing. With all of this in mind, we can already spot a pattern of an offshore scam.
If the lack of regulation isn’t enough to make you forget about this broker, consider this additional important fact. Against Cooper Markets Trading Company, two financial institutions have issued a warning. Let’s start with the Malaysian Securities Commission. The Czech National Bank comes next. Look at this.
A similar offshore scamming pattern you can find with brokers Prism Capital and Expochains. It’s worth taking a look.
Cooper Markets Trading Platform
Popular Meta Trader 4 is available with Cooper Markets broker. It provides software solutions and is a market leader. Simply because it has a high level of reliability and quick trading executions. But also vast trading features. The most frequently requested features are typically those like copy and social trading.
A broker does not automatically become trustworthy just because Meta Trader 4 is available. Before we can say that the broker is trustworthy, there are still a lot of other factors to take into account. If you can’t get the money out, there’s no point in having a reliable platform. And that’s the main problem with this rogue broker.
All iOS and Android devices support the Meta Trader 4 platform. Most importantly, trading on a mobile device doesn’t compromise any functions for traders. They become more mobile as a result, too. This implies that they can seize the opportunity at any time and anywhere.
Trading Instrument Available at Cooper Markets
Asset availability is another crucial point. The variety of trading instruments gives investors the chance to develop their strategies effectively. Some of the most crucial classes are missing with Cooper Markets scam broker. Their choices are:
- Currency pairs – AUD/CAD, GBP/SGD, and USD/EUR.
- Metals – palladium, platinum, and gold.
- Indices – DE 30, UK 100, and AU 200.
They lack any competitive offerings because stocks and cryptocurrencies are absent. These assets are available to traders through numerous other regulated brokers. Moreover, with improved trading conditions and increased security.
Deposit and Withdrawal Procedure
The absence of reliable funding options for this broker is a major warning sign. Cryptocurrencies and electronic payments are mostly accepted. They are lacking a credit card.
Due to the possibility of chargebacks, this is one of the safest options. Of course, if traders are defrauded. With this shady broker, this is most likely what will occur.
A lot of shady brokers use the “Introduce Broker” program because of their poor reputation. This is intended to encourage additional customers in exchange for benefits. Traders have the choice to invite more people and join as partners.
You frequently receive bonuses for doing this, which is a problem. Until you fulfill certain requirements, those bonuses cannot be withdrawn. For instance, trading volume. up to $2 million for a $100 bonus.
Cooper Markets Account Types Offered
The different types of trading accounts are only meant to increase profits with unregulated brokers. The fraudulent broker offer from Cooper Markets is as follows:.
- Standard $100
- ECN $3.000
- Premium $100
- Swap-free $500
The brokers will offer exceptional trading conditions, but free of charge. Most of their proposals are merely speculative. Therefore, proceed with the utmost caution when dealing with foreign businesses like Cooper Markets. Take a moment here before committing any money.
According to their website, a demo account is not offered. They don’t have a broker’s license despite having a low minimum requirement. Thus, all deposits are in immediate danger.
In these situations, opening a demo account is a smart idea to check some broker-related information. For instance, their trading conditions or trading environment.
How Does Offshore Brokers’ Fraudulent Work?
Offshore scams are a type of fraud that involve setting up companies or operations in offshore jurisdictions. Mostly with the intent to deceive and steal from victims. Scammers may advertise fake investment opportunities, promising high returns with little to no risk.
These investment scams may be in unregulated industries. But mainly they require victims to transfer money offshore to the scammer’s accounts. In all of these scenarios, scammers use offshore jurisdictions to make it difficult for victims to recover their funds.
They may use false identities and shell companies to hide their true location and identity, making it difficult for law enforcement to track them down. It’s important to be cautious when dealing with offshore transactions. But also to thoroughly research any investment opportunity.
Cooper Markets Summary
- Offshore broker without a license.
- Multiple warnings against Cooper Markets.
- No demo account is available.
- Shady funding methods.
- Lack of crypto and shares as assets.
FAQs About Cooper Markets Broker
Is Cooper Markets Regulated?
No. The broker doesn’t have any license, but they got a warning from the regulator.
Does Cooper Markets Offer a Demo Account?
Unfortunately, no. Only live trading accounts are available with this offshore broker.
What is the Minimum Deposit for Cooper Markets?
The minimum deposit requirement is acceptable and starts with $100. But funding methods are suspicious.