If you are looking to read LDN Global Markets reviews, you are in the right place. Is the ldnglobalmarkets.com platform a reliable broker? Read reviews to know about this forex broker whether to use or not.
This content promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
About LDN Global Markets
LDN Global Markets otherwise known as ldnglobalmarkets.com is an offshore brokerage operating under the trading name LDN GLOBAL MARKETS with a lot of promises for forex traders. The forex company presents it registered address in Saint Vincent and the Grenadines.
What is more, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
LDN Global Markets offers different account types such as
Is ldnglobalmarkets.com a Scam Forex Broker?
First of, ldnglobalmarkets.com openly presents its registered address in Saint Vincent and the Grenadines (SVG).
SVG is an offshore zone with no broker regulations in place. As soon as you open the website of the local Financial Services Authority you see a warning that the institution does not license forex and other types of brokers and does not supervise the activities of International Business Companies engaged in such activities.
More so, the broker promises that it segregates customer funds from the company’s operating accounts, but there’s no way to know if that’s the case.
The broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are drawbacks for forex traders/ clients to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
LDN Global Markets Minimum Deposit for Traders
The broker LDN Global Markets specifies $100 as its minimum deposit based on the account type. This is a good start for clients if not that the broker operates in an offshore zone with no broker regulations.
In comparison, legitimate brokers clearly spell out their regulations and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
According to LDN Global Markets funding methods, it accepts deposit via credit/debit cards, wire transfer, cryptocurrencies and the e-wallets FasaPay and PerfectMoney.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
Withdrawal process
LDN Global Markets withdrawal process may take 2 hours and it states that it does not charge transaction fees.
LDN Global Markets Trading Software — Is It Safe?
LDN Global Markets offers popular industry trading platform MetaTrader 5. However, it does not offer add-ons and extensions to the software’s functionality, as well as services such as a Virtual Private Server.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
LDN Global Markets offers leverage as high as 1:500 on forex majors. Honestly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Argument Against LDN Global Markets Licensing and Regulation
Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.
Having said that, it is not far from believing that LDN Global Markets is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Final Thoughts:
LDN Global Markets claims to appear like a genuine trading broker, howbeit, you should not take the words they say. It is a non-regulated cryptocurrency broker offering financial services to clients. From all indications, we advise traders to steer clear from the unlicensed broker as they likely a platform run by scammers.
Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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