BlockMarketFXT is a contract for difference (CFD) broker officially registered on February 6, 2024. This broker primarily offers users a wide range of trading markets, including forex, commodities, indices, bonds, digital currencies, stocks, and futures, through trading platforms such as MT4, MT5, and cTrader. It does not operate in the United States, Canada, Israel, New Zealand, Iran, and North Korea.
Company Registration Information and Regulatory Status:
According to publicly available information on the BlockMarketFXT official website, it is registered in Seychelles as BlockMarketFXT Ltd, an entity authorized and regulated by the Seychelles Financial Services Authority (FSA) with license number SD018.
Upon verification, it was found that the Seychelles Financial Services Authority (FSA) official website lists license number SD018 under the entity Raw Trading Ltd, which is the Seychelles-registered corporate entity of broker IC Markets, endorsed by FSA with the websites https://www.icmarkets.sc and https://www.icmarkets.com. Thus, BlockMarketFXT is a fraudulent website impersonating IC Markets.
Moreover, this broker's website design is plagiarized from IC Markets, similar to other fraudulent brokers such as Linoxx, ExpertSync, Continentaloptionslive, Venosvista, Fenext, and Elon-Mining.
How to Open an Account:
To open an account with BlockMarketFXT: visit the broker's official website homepage, click on “Sign up” at the top right corner of the page, enter personal information such as name, email address, phone number, and set a login password, then submit. Once submitted, the account will be successfully registered.
Trading Plans:
BlockMarketFXT offers three types of trading plans: Start Up Plan, Re-Investment, and Big Earners Plan.
Start Up Plan:
- Return cycle: 48 hours
- Minimum account opening amount: $6000
- Daily return rate: 59%
Re-Investment:
- Return cycle: 30 days
- Minimum account opening amount: 1 BTC
- Daily return rate: 29%
Big Earners Plan:
- Return cycle: 3 months
- Minimum account opening amount: 5 BTC
- Daily return rate: 15%
Trading Platforms:
BlockMarketFXT claims to offer trading platforms such as MT4, MT5, and cTrader to its users, but does not provide relevant download links, and the broker named BlockMarketFXT cannot be found on these platforms.
Deposits and Withdrawals:
BlockMarketFXT supports deposits and withdrawals via credit/debit cards, e-wallets, and bank transfers.
Conclusion:
Traderknows reminds investors that BlockMarketFXT is actually a plagiarized scam website imitating the brokerage IC Markets. It is recommended that investors choose brokers with transparent information, strong regulatory oversight, and good reputations for their trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "Scam" on Traderknows.
