First things first, The Core Markets trading brand is operated by Core Financial Markets Ltd. This firm was registered in the Comoros Union in 2023 and claims to be trusted by more than 1500 traders worldwide. Indeed, with its MT5 availability, it could be.
However, there are some things far more important than a trusted platform. That’s security and regulation. To find out why we are saying that, read this The Core Markets review until the end.
Regulated by: | MISA |
Is This Company Safe? | No |
Known Websites: | |
Have Warnings from: | N/A |
Registered in: | Comoros Union |
Operating since: | 2023 |
Trading Platforms: | MT5 |
Maximum Leverage: | 1:400 |
Minimum Deposit: | $1.000 |
Deposit Bonus: | Available |
Trading Assets: | Cryptocurrencies, forex, indices, shares, commodities |
Free Demo Account: | No |
How to Withdraw from This Company? | Even though the company is regulated, it’s an offshore regulation. Their services can’t be compared to the ones offered by companies owning Tier-1 licenses. So, if you experience any withdrawal-related issues, feel free to contact our specialists for advice. |
Legal info: Is The Core Markets Legit?
With three addresses provided on the company’s website, it’s quite challenging to find out anything about them. Anyway, their primary address is the one from the Comoros Union. That’s where they have regulatory oversight by MISA.
But this regulation doesn’t require them to have negative balance protection. Or segregated bank accounts for deposits. Or a compensation scheme in case of bankruptcy. Yet, Tier-1 licensed brokers at least have some of these benefits. Sadly, The Core Markets doesn’t have any of those licenses, such as FCA, ASIC, CFTC, or BaFin.
Who are The Core Markets’s Clients?
With the company’s registration in September 2023, they had plenty of time to build credibility. However, with their targeted countries, we highly doubt that it will be any good. Especially since their clients mostly come from:
- United Arab Emirates
- United States
Generally, we can’t diminish the value of UAE regulatory oversight. But still, if the company is targeting US citizens without authorization, that’s a huge red flag.
If you are one of those clients, let our refund specialists know about your experience with this firm. If there are any potential issues, you can get guidance on how to solve them.
Traders Reviews
With only five comments on Trustpilot, it’s quite hard to determine this brokerage’s intentions. Yet, out of those five, there are already comments about withdrawal issues. Fairly, that’s not a good sign.
But with offshore regulations, you might not be even surprised by that. In fact, that’s why top-tier licenses make a huge difference in the trading world. Another proof of that can be found in our GTS Capital review. Once you check all the details, let us know about your experience with brokerages. After all, our chargeback team might offer you interesting solutions.
Leverage, Commissions, Spreads, Fees and Taxes
The problem with the trading conditions always starts with leverage. With an offered leverage of 1:400, you already know there’s a huge risk involved, especially if you are a US trader, where a maximum of 1:50 is allowed for retail customers.
Moreover, the company doesn’t declare precisely its swap rates, commissions, or fees. Somewhat, even their starting spreads from 1.8 pips are questionable. Usually, it’s never as low as it is advertised.
Bonuses
One not-so-surprising thing in this Core Financial review is that the company also offers a bonus of up to 30%. Yet, they don’t reveal any bonus conditions or policies. So, you can expect anything there.
The Core Markets Trading Features
Some of the main benefits of The Core Markets broker are the MT5 platform’s availability and the features of Expert Advisors. In addition to that, traders can use advanced trading strategies like scalping, hedging, and netting. But if those things are worth it, you can find out in our 24 Era review.
Trading Platforms Available
As mentioned, the company offers highly trusted third-party MT5 software. But with offshore The Core Markets regulation, does it matter? In general, yes. Simply because you don’t need to worry about platform manipulation.
However, if you know some brokers are offering the same software and far better security measures, why choose then this one?
Available Trading Assets
At least one thing that won’t affect your The Core Markets withdrawal is the instruments offered. All in all, it’s quite a solid instrument that covers all five major categories. For instance, you can trade:
- Forex – USD/AUD, SGD/HKD
- Indices – DAX30, NASDAQ
- Commodities – palladium, silver
- Shares – Boeing, IBM
- Cryptos – ETH, DOT
Account Types
After you complete The Core Markets login procedure, you are required to make an initial deposit. At least if you want to start trading. Shockingly, this company requires at least $1.000 to get started. Which is quite unusual for an offshore licensed firm. Anyway, all the options are:
- Standard – $1.000
- Elite – $15.000
- Pro – $50.000
Mobile Trading App
Besides The Core Markets WebTrader, traders can also use mobile versions of the MT5 platform. That could be extremely helpful for experienced traders using advanced strategies.
Also, it gives a company much higher credibility. In fact, it’s quite a shame the credibility goes down with weak regulatory oversight.
Demo Account
Important to realize is that none of The Core Markets account types include a demo account. Firstly, that’s one of the standard things offered by legitimate brokers. Secondly, it’s the feature that is usually covered by the MT5 platform. Therefore, the lack of that option is quite unreasonable.
Education
With zero educational programs and relatively poor security, what can you expect from this brokerage? If they wanted you to trade properly they would first offer a training program and a demo account.
But please, don’t be fooled by stories that a demo account will teach you how to throw money away.
The Core Markets Withdrawal
For a licensed brokerage, it’s quite shocking to realize there’s no withdrawal policy available. Without it, the company can make any reason they think of to decline a withdrawal request. But in the end, it’s all the downside of missing top-tier regulatory oversight. That’s where the true transparency mostly comes from. Thus, not with this broker.
Customer Support
One massive problem with this company is that the only contact option is via the web contact form and a phone. There are no live chat or any other relevant contact options.
Not to mention the company doesn’t reveal working hours. But with offices in India, Comoros Union, and UAE, it’s most likely confusing for them as well what to say.
Key Information To Consider About The Core Markets
Firstly, the company has been offering services in the US without CFTC or SEC regulation. Secondly, they have non-transparent trading costs. Like spreads, commissions, and fees. Lastly, but most importantly, the withdrawal procedure is a mystery.
All in all, not the best definition of a regulated broker. So, if you experience any trouble with them, feel free to contact our refund experts. Once you know the ways to recover the money, nothing can stop you. Book your free first consultation already today!
FAQ Section
What is The Core Markets?
The Core Markets is an offshore brokerage with offices in India, UAE, and Comoros Union where they have a license issued by MISA.
Is The Core Markets Legit?
Legitimately registered and licensed, yes. But if their services are legit, you may wait a bit and see what will traders say in the near future.
How to Withdraw Profits From My The Core Markets Account?
Since the procedure is unknown to anyone, talk to our refund experts already today in case you need refund options quickly. Book your meeting now.
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