Reading Time: 4 minutes SCAM RECOVERY

Status Markets Broker Review – How We Exposed StatusMarkets.com Scam

Status Markets Broker

With one of the domains already shut down and rumors about shutting down the current one as well, we’ve decided to research Status Markets broker. The company proved itself as a fraud. However, we decided to do a full check and present you with all the facts, including ways to get your money back.

Read our trusted Status Markets review to find out why not to trade with this brokerage.

  • Before we move forward, we encourage you to read our recently updated AG Markets and Primefin broker reviews.
Broker Status:Offshore Scam Broker
Regulated by:Unlicensed Brokerage
Scammers Websites: StatusMarkets.com and www.status-mark.com
Operating Status:Active Forex Trading Scam
Blacklisted as a Scam by:FCA
Broker Owner:MarCo Global Projects Ltd
Headquarters Country:Marshall Islands
Foundation Year:2020
Online Trading Platforms:WebTrader, MT4
Mobile Trading:Available
Minimum Deposit:$250
Broker Deposit Bonus:Not Available
Crypto Assets:Not Available
Available Trading Assets:Forex (FX), Commodities, Indices, Stocks
Maximum Leverage:1:400
Islamic Account:Available
Free Demo Account:Yes
Accepts US Clients:US traders are not accepted
Global Fraud Protection Experts’ Verdict:Don’t Invest in This Scam Broker!

Is Status Markets Safe? – The Importance of Broker Regulation

As you’ve heard many times for sure, the first thing to check about the broker is their regulation. If the company is not adequately regulated, you have no guarantees for your funds. That’s why we started off our reviews with the question: Is Status Markets regulated and by whom?

What’s Wrong With Status Markets License?

The official owner of the Status Markets brand is MarCo Global Projects Ltd from the Marshall Islands. Since GLOFSA is a very lousy regulator, we’ve decided to check if Status Markets ever registered as a brand here or with Tier1 regulators in the countries of service. 

We haven’t found Status Markets regulation after researching GLOFSA, FCA, ASIC, BaFin, and more. It implies we’re dealing with a scam brokerage, as suspected from the beginning of this review. Stay away from Status Markets forex broker and their scams.

Also, if you feel you’ve been illegitimately deprived of your funds by Stanford FX, ABinvesting or Finexico scam brokers, we might be able to help!

Scam Warnings Against Status Markets

Unsurprisingly, broker has been blacklisted due to illicit activities. Since financial regulators all over the globe are trying to fight offshore scams, they’re publishing official warnings whenever they receive complaints, as was the case with Status Markets.

Status Markets FCA Warning

Warning Issued by FCA

The official warning against the broker came from the UK regulator, the Financial Conduct Authority. According to them, the Status Markets trading scam is widespread in the UK, and anyone who has been defrauded should report it immediately.

Status Markets Login Problems – One Of The Signs Of A Scam

Among other things, login issues could be a potential red flag when dealing with offshore scammers. Since your access to funds is directly related to your access to a trading account, you cannot view your funds or submit a withdrawal request if you cannot log in.

As per broker reviews, clients are reporting login issues whenever they ask for a payout. Once they log in, all of their funds are gone, and the broker blames it on technical errors or the client’s internet connection.

If login issues occur and it happens for more than a couple of hours, contact us immediately before it’s too late.

Supported Trading Platforms – Available Trading Software

If there’s one good thing to mention, it’s the Status Markets trading platform. The broker offers a web trader, but besides, there’s an MT4. As it’s the best platform in the industry, we praise the Status Markets broker for providing it.

WebTrader Platform

You will see a small TradingView chart icon in the bottom right corner that will redirect you to the broker’s web trader from the main page. If you prefer to use an online platform instead of downloading and installing an app, this could be a perfect solution for you. Bear in mind that a web trader has fewer indicators and charts, and it’s less secure than MT4.

If you want to open a Demo account, it’s only possible through a web trader.

MetaTrader 4 Platform

As mentioned, we were pleased to see that Status Markets offers MT4 as well. It’s a platform with the highest number of charts, indicators, order, and execution types. It’s user-friendly and comes as an app you can install on your Windows or Mac device for convenient use.

Status Markets App – iOS & Android Trading

Besides the desktop version, MT4 is available as an app for Android and iOS as well. On the broker’s website, you will find a link for app download. Remember that mobile apps usually have fewer charts and indicators, but you will still have all your trading history and real-time prices available.

Status Markets Trading Platform

Status Markets Range of Trading Instruments & Markets

As per the broker’s website, there are over 100 trading assets, including:

  • Currency pairs
  • Commodities
  • Indices
  • Stocks

There’s no place where we could verify the list of the assets or their diversity, but having only 100 of them doesn’t sound competitive. Moreover, knowing that you’re dealing with offshore fraud makes it irrelevant. You should not open an account with the broker anyways.

Status Markets Trading Accounts

There are 3 account types according to our Status Markets review:

  • Silver
  • Gold 
  • Platinum

The main difference is in perks such as leverage that goes up to 1:400, swap discount, and a dedicated account manager. Status Markets’ minimum deposit is $250, while there’s no information on how much you should invest to upgrade your account. However, an Islamic account is available only for those who upgrade to the Platinum account, the priciest one. We find this discrimination unfair.

Scammed By Status Markets Broker? – Talk To Our Experts Today!

Suppose you have been dealing with Status Markets and want to get your funds back. Most likely, it won’t be a straightforward process, such as submitting a withdrawal request. Unfortunately, Global Fraud Protection recently received numerous complaints from the broker’s victims and assisted many in filing a dispute.

You’re not alone. Contact us via online chat and let us help you. Book a free consultation, talk to our experts, and let’s find a way to get your hard-earned money back!

Don’t Let the Scammers Go Away for Free!


FAQ Section:

What Is Status Markets, And Should I Invest Money In It?

This is a fraudulent offshore trading broker not worth your time or money.

Are My Funds Safe With Status Markets?

Since the UK FCA has blacklisted the broker, your funds are not safe.

Does Status Markets Offer a Demo Account?

Yes, broker offers a Demo account on a web trader for all the clients.