Celtic Markets is a broker providing foreign exchange and equity trading services to investors. Celtic Markets website only supports English as the language of use. Celtic Markets' official account registration page supports simplified Chinese, English, French, Italian, Spanish, Portuguese, Russian, Japanese, Korean, Vietnamese, Indonesian, Malay and many other languages.
Company background:
Information on Celtic Markets' official website shows that the company is registered in Saint Vincent and the Grenadines, and a query on the website of the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA) shows that the information about the company's incorporation in Saint Vincent and the Grenadines is true. In addition, according to the Whois query of the website's domain name registration information shows that the company's official website domain name registration on May 3, 2023, the domain name registration time is not more than 1 year ago.
Account Registration:
Celtic Markets provides links for investors to sign up for live and demo accounts, according to the company's website. To register a real Account, click "Create Account" in the upper right corner of Celtic Markets official website to enter the account registration page, select or fill in the required information such as your name, Email address, telephone number and password to complete the registration of a real account. To register a Demo Account, click "Open Demo Account" on the homepage of Celtic Markets official website to access the account registration page, select or fill in the required information such as name, Email address, telephone number and password to complete the registration of the demo account. In addition, the Celtic Markets official website account registration page supports simplified Chinese, English, French, Italian, Spanish, Portuguese, Russian, Japanese, Korean, Vietnamese, Indonesian, Malay and other languages.
Account Type:
Celtic Markets' website doesn't provide information on account types.
Trading Products:
Celtic Markets, which only appears on the homepage of the Celtic Markets website, offers foreign exchange and equity trading services for investors. In addition, Celtic Markets website does not provide specific trading products covered by Forex and equities, nor does it provide information on margin ratio, commission, spread, minimum trading unit, maximum trading unit, etc.
Margin ratio:
According to Celtic Markets' website, although the company offers investors a margin ratio of up to 1:1000, the Celtic Markets website does not provide information on the margin ratio of specific trading products covered by Forex and equities.
Trading Hours:
The Celtic Markets website does not provide information on trading hours for specific trading products covered by Forex and equities.
Deposits and Withdrawals:
Celtic Markets only shows that its deposit fee is 0 on the homepage of the official website, but does not provide the information about the channels and methods of deposit and withdrawal supported by it, as well as the currency, fee and time of deposit and withdrawal.
Trading Software:
Celtic Markets offers investors the MetaTrader5 (MT5) trading software, which is normally available on desktop (Winodws/MacOS), Web and mobile (IOS/Android). However, the Android version of MT5 software in some countries or regions, there are problems that can not be downloaded or downloaded installation speed is slow.
Risk warning:
According to Celtic Markets' website, the company does not provide services to residents of the United States, Singapore, Australia, Belgium, France, Iran, North Korea, Japan and other countries for certain reasons.
Regulatory information:
The Celtic Markets website does not provide regulatory or authorisation information it has obtained. Although Celtic Markets' official website shows that a query on the website of the Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA), where the company is registered, shows that the company's registration information is genuine. However, the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA) does not regulate, monitor, authorize or license commercial companies (BCS) engaged in forex trading or broking.
Summary:
Celtic Markets are suspected of fraud. For one thing, Celtic Markets' website does not provide detailed information on account types, products traded and deposits and withdrawals. On the other hand, although a query on the website of the Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA) shows that the registration information of the company is genuine. Celtic Markets' website does not provide any regulatory or authorisation information it has obtained. More importantly, the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA) does not regulate, monitor, authorize or license commercial companies (BCS) engaged in forex trading or broking. Celtic Markets is suspected of fraud and investors need to be careful what they choose to offer. TraderKnows reminds you, please pay attention to your property safety, to avoid falling into the fraud trap.
