Illuminati Markets limited
Pros and Cons
Pros
- Diverse range of trading instruments including Forex, commodities, indices, stocks, and cryptocurrencies
- User-friendly trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5)
- Multiple account types tailored for different trader profiles
- Instant deposit options through credit/debit cards and e-wallets
- Responsive customer support via email, live chat, and telephone
Cons
- No valid regulatory license
- Concerns regarding operational legitimacy
- Withdrawal issues reported by clients
- Limited information on trading fees
- No demo or Islamic account options
Basic Information
User Reviews
Illuminati Markets limited Overview
Illuminati Markets Limited was founded within the last 2-5 years and is registered in the United States. As a forex broker, it operates in a competitive market, offering various trading options to clients. However, it is important to note that Illuminati Markets Limited does not currently hold a valid regulatory license, which raises potential concerns regarding its operational legitimacy and compliance with industry standards.
Is Illuminati Markets limited Safe? Regulation Analysis
Regulatory Information
Illuminati Markets Limited is not regulated by any recognized financial authority. The absence of a valid regulatory license raises significant concerns regarding the operational legitimacy of the broker and the protection of client funds. Trading with an unregulated broker poses inherent risks, including a lack of investor protection and a higher potential for fraudulent activities. Clients may find themselves without recourse should disputes arise, making it essential to exercise caution when considering this broker for trading activities.
Is Illuminati Markets limited Regulated and How Are Client Funds Protected?
Trading Products and Services
What trading instruments does Illuminati Markets limited offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | Many |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US, UK | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
Illuminati Markets Limited offers a diverse array of trading instruments that cater to various trading styles and preferences. The inclusion of multiple asset categories such as Forex, commodities, indices, stocks, and cryptocurrencies allows traders to build a well-rounded portfolio and adapt their strategies accordingly. Whether you are a beginner looking to explore the forex markets or a professional seeking to diversify your investments, the wide selection of available products can meet different needs and objectives. This variety supports flexible trading strategies, enhancing the overall trading experience for users.
Account Types and Trading Conditions
What Account Types and Fees Does Illuminati Markets limited Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginner to intermediate traders | Access to a variety of trading instruments | Suitable for traders looking to start with lower capital |
| Professional Account | Experienced traders | Potential for higher leverage and lower spreads | Requires proof of trading experience or volume |
| Corporate Account | Corporate clients | Custom account management services | Requires corporate documentation |
| Demo Account | New traders | Practice trading without real risk | Not explicitly mentioned but typically offered by brokers |
Account Opening Process
To open an account with Illuminati Markets Limited, clients must complete several steps. Initially, they will need to submit personal information, including their name, contact details, and date of birth. Following this, employment and financial information will be required to assess the client’s trading profile. It is essential for clients to provide identity verification documents such as a government-issued ID and proof of address. The account setup offers flexibility, allowing clients the option to upgrade to a professional account in the future, depending on their trading experience and volume.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | Varies | Varies | Competitive rates for major pairs |
| CFDs (Stocks, Indices, Commodities) | Varies | Varies | Reflects market conditions |
| Cryptocurrencies | Varies | Varies | Dependent on market volatility |
Other Fees
Clients should be mindful of additional costs that may apply, such as deposit and withdrawal fees, which can vary based on the chosen payment methods. There may also be inactivity fees charged if the account remains dormant for an extended period. Additionally, platform usage fees could apply, and clients should be aware of overnight interest (swap rates) for positions held overnight. Currency conversion fees may also be applicable when trading in non-base currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Illuminati Markets limited Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 4 (MT4) | Windows, macOS, Android, iOS | Login security, multiple order types, technical indicators | Demo accounts, VPS |
| MetaTrader 5 (MT5) | Windows, macOS, Android, iOS | Advanced charting tools, market depth, price alerts | API interfaces |
| Web Version | Any device with internet access | Real-time trading, symbol lookup, secure login | No additional services mentioned |
Illuminati Markets Limited provides a range of trading platforms that cater to different trader needs. The MetaTrader 4 (MT4) platform is well-suited for beginners due to its user-friendly interface and essential trading tools. In contrast, MetaTrader 5 (MT5) offers more advanced features, making it suitable for seasoned traders requiring comprehensive analysis and trading capabilities. The web version allows for trading on any device, enhancing accessibility and convenience. Overall, the broker’s platforms support seamless mobile trading, secure login features, and efficient market search tools, catering to diverse trading preferences.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min $100, Max $10,000/day | USD |
| Credit/Debit Card | Instant | No platform fee | Min $50, Max $5,000/transaction | USD |
| e-Wallet (e.g., Skrill, Neteller) | Instant | 1.5% charge | Min $20, Max $2,000/transaction | USD |
Minimum Deposit
The minimum deposit requirement for Illuminati Markets Limited is set at $50 for most account types. However, this amount may vary based on the chosen payment method and account type, with some methods allowing lower minimum deposits.
How to Withdraw
To withdraw funds from your Illuminati Markets Limited account, please follow these steps:
- Log in to your trading account.
- Navigate to the ‘Withdrawal’ section.
- Select your preferred withdrawal method.
- Enter the amount you wish to withdraw.
- Provide any required identification documents if prompted.
- Submit your withdrawal request.
Processing times for withdrawals may vary based on the chosen method, so please check the specific timeframes applicable to your selected option.
Customer Support
Illuminati Markets Limited Customer Support Overview
Support Channels
Illuminati Markets Limited offers several support channels for customer assistance. Traders can reach out via:
- Email: Clients can send inquiries to support@illuminatiprofx.net.
- Live Chat: Available on the broker’s website for instant help.
- Telephone: Customers can call +1 2166948511 for direct support.
- Social Media: Engagement through various social media platforms for updates and support.
Service Availability
The customer support service operates during standard business hours, with support typically available 24/5. Multilingual support may be offered, but specific languages supported are not detailed in the available information.
Frequently Asked Questions
No, Illuminati Markets Limited is not regulated by any recognized financial authority. The lack of a valid regulatory license raises concerns regarding the operational legitimacy of the broker and the protection of client funds.
Illuminati Markets Limited offers a diverse range of trading instruments, including Forex, commodities (such as gold and oil), indices (like S&P 500 and NASDAQ), stocks, and cryptocurrencies (including BTC and ETH). This variety supports different trading strategies and preferences.
To withdraw funds from your Illuminati Markets Limited account, you need to log in to your trading account, navigate to the ‘Withdrawal’ section, select your withdrawal method, enter the amount, and submit your request. Processing times may vary based on the chosen method.
Illuminati Markets Limited offers customer support through various channels, including email, live chat, and telephone. Support is typically available during standard business hours, and clients can reach out for assistance with their inquiries.
Related Forex Brokers
Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.