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Illuminati Markets Limited Review: Is It Really ASIC-Regulated?

Illuminati Markets Review

So here’s our review of Illuminati Markets Limited, a Hong Kong-based forex broker. Don’t let the name scare you, as this broker has many things to offer! 

In this article, we’ll expose the truth about this FX company, including its legitimacy, account types, fees, and whether there are any red flags. If you’re thinking about trading with this broker, keep reading our Illuminati Markets Limited review for more!

General information
Name: Illuminati Markets Limited, Illu Markets Group Pty Ltd
Regulation status: Regulated by ASIC and FINTRAC
Warnings from Financial Regulators: No official warnings
Website link: illuminatimarkets.com
Active since 2022
Registered in Hong Kong
Contact info: +852 18 9877 108, [email protected]
Trading platforms: MT5
The majority of clients are from: Japan 

Malaysia 

South Africa 

Philippines 

Customer support: Email, phone, Telegram, and contact form
Compensation fund: Yes

Is Illuminati Markets Legit?

After digging into the details, here’s what we found: Illuminati Markets Limited operates under the regulation of FINTRAC. They have a license for currency exchange (License No. M22121693). Besides, their subsidiary, ILLUM MARKETS GROUP PTY LTD, follows the regulatory guidelines of the Australian Securities & Investment Commission – ASIC with License No. 001302316. 

These regulations guarantee that the broker complies with good financial standards. So, this can give us a peace of mind.

Why should you choose a Tier 1 regulated broker like Illuminati Markets? Well, this means you’re trading with a broker that cares about your safety.

Note: Unregulated brokers, like EverestCM, may lure in new traders with high leverage. It sounds promising but can hide huge risks. Be careful.

Trading Assets at Illuminati Markets – Your Options

Illuminati Markets offers a vast variety of trading assets. So, we can confirm that it makes a versatile choice for traders. You can explore the following assets: 

  • Forex. With over 90 currency pairs, leverage up to 1:1000, and tight spreads starting at 0.0 pips, illuminatimarkets.com provides a solid experience.
  • Indices. They have over 15 global indices with leverage up to 1:100. Also, no commissions.
  • Shares. You can trade over 12,000 global stocks, earn dividends, and use both the MT5 and IRESS platforms for a solid trading experience.
  • Metals. Trade gold, silver, and platinum, with leverage up to 1:400.
  • Energies. Trade oil and natural gas without really owning them, with leverage up to 1:100.
  • Crypto (BTC, XRP, ETH, SOL, etc.). Illuminati Markets simplifies crypto trading by offering direct access through the MT5 platform.

With such a wide range of assets, Illuminati Markets allows you to make the most of leveraged trading. We can say this is nice! 

Illuminati Markets and Its Trading Platforms

Illuminati Markets trading platform overview

Illuminati Markets stands out with its MetaTrader 5 (MT5) platform. MT5 works on various devices, such as Apple, Android, and Windows. It offers more flexibility in order types, 21 different timeframes, and a better strategy tester for backtesting and optimizing Expert Advisors (EAs).

Illuminati Markets’ MT5 platform is there to suit many trading styles, including scalping, hedging, and news trading. Also, there are no requotes and no minimum stop-loss distance.

Your Learning Journey at Illuminatimarkets.com

Illuminati Markets understands the importance of education for traders. They offer three educational tools. Let’s examine them quickly! 

  • Trading Calendar. It gives you real-time updates on global financial events and indicators, helping you make smart decisions.
  • Academy. There are many courses covering stock selection, risk measurement, and asset evaluation.
  • Terminology. Familiarize yourself with the specific language used in FX to improve your trading strategies.

Account Types: Your Choices

Illuminati Markets offers 2 separate types of trading accounts. They are as follows: 

  • Classic account
  • Edge account

Both require a minimum deposit of $100. These accounts support multiple base currencies, including USD, GBP, EUR, AUD, NZD, and CAD. 

You can access many financial instruments here. This includes FX pairs, indices, stocks, crypto, and commodities, all within one account.

Take note: Tera Trade is an unregulated firm with several warnings against it.

Customer Support

Need help or have some questions about your trading? You can reach out to Illuminati Markets through these channels:

  • Phone: Just dial +852 18 9877 108.
  • Fax: You can also send a fax to the same number.
  • Email: Feel free to drop them a message at [email protected].

They’re here to assist you with any questions or trading matters.

Withdrawal Options & Managing Your Funds

Illuminati Markets funding options available

Depositing and withdrawing from Illuminati Markets is easy. The minimum deposit is $100, and you can choose from various payment methods. These are Visa, MasterCard, UnionPay, Neteller, Skrill, Revolut, Tether, Bank Transfer, and SticPay. We shouldn’t even say how beneficial it is to have this variety of payment options. 

Deposits are instant, and your funds are securely stored in a Tier 1 International Bank. Also, withdrawals are fast and efficient, with no fees for either deposits or withdrawals.

Trustpilot Reviews: A Missing Piece?

It’s worth noting that Illuminati Markets Limited lacks Trustpilot reviews. This can raise some questions for many of us. 

While this doesn’t necessarily indicate misconduct, it’s always wise to be careful and conduct careful research. Many top-notch brokers often have 4.5-star ratings or more. Keep that in mind! 

Note: Choose brokers that care about your financial security rather than unregulated ones like TD Markets.

Can You Make Money From Online Trading?

Online trading can be profitable, but it requires the proper knowledge and tools. You should know that we offer free consultations to help you make smart decisions and find a reliable trading partner. 

Plus, our new AI Analysis Bot makes research easier, so you can make quicker and wiser trading choices. Remember, trading can be profitable, but it’s essential to have the right understanding of the markets and solid tools.

Final Verdict

All in all, Illuminati Markets Limited seems to be a regulated forex broker. It gives us a variety of trading assets and different account types. They also provide solid options for deposits and withdrawals. However, the lack of Trustpilot reviews does raise some concerns and this may be a problem for some people. 

As with any decision, it’s crucial to do thorough research first and think about your risk tolerance. 

FAQs

Is Illuminati Markets Limited Regulated?

Yes, Illuminati Markets Limited is regulated by FINTRA in Canada and ASIC.

What Are The Illuminati Markets’ Trading Platform?

Illuminati Markets uses the popular MetaTrader 5 (MT5) as its platform.

How Much is Illuminati Markets’ Withdrawal Fee?

Illuminati Markets does not charge any withdrawal fee.

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