concepmarkets.com is a CFD broker whose domain was registered on July 18, 2024. It primarily offers trading services in financial derivatives such as forex, precious metals, oil, indices, and cryptocurrencies to retail and institutional clients. This broker does not provide services to jurisdictions where doing so may violate local laws or regulations.
Company Registration Information and Regulatory Status
According to the information available on concepmarkets.com, the trading name used is "Concep," with its headquarters located in London, UK, and it is listed as one of the top 50 financial service companies in the UK. However, the broker has not disclosed detailed company registration information or corresponding regulatory information on its website.
Upon verification, although similar company names can be found in the UK's Companies House database, concepmarkets.com has not disclosed its full company name or registration number on its website, making it impossible to confirm the authenticity of the company entity. Furthermore, the Financial Conduct Authority (FCA) in the UK has no record of a regulated company named "Concep."
Therefore, concepmarkets.com is essentially a fraudulent broker website with no actual company entity or regulatory oversight.
Moreover, the design and content of concepmarkets.com are identical to those of other fraudulent broker websites like stockfxmarkets.com, Gold Harbor Finance, trustwalletltd.com, prudential-ltd.com, fxdecodefxs, and ogm-fx.
Trading Instruments
concepmarkets.com offers trading in forex, precious metals, crude oil, indices, and cryptocurrencies.
- Forex: Offers dozens of major forex currency pairs, including EUR/USD, USD/CAD, GBP/USD, and USD/JPY.
- Precious Metals: Provides various spot metal trading, including gold (XAUUSD) and silver (XAGUSD).
- Crude Oil: Offers trading in US crude oil (UsOIL).
- Indices: Nikkei 225 (N225), German Index (GER30), S&P 500 Index (US500).
- Cryptocurrencies: Offers trading in dozens of major cryptocurrencies, including Bitcoin (BTC/USD), Ethereum (ETH/USD), and Ripple (XRP/USD).
Account Opening Process
To open an account with concepmarkets.com, go to the broker's website, click "Register" on the homepage or at the top right corner, fill in your email address and set a login password, then submit the application. Once the application is submitted, the account will be successfully registered. After logging in, further identity verification is required to make deposits and start trading.
Trading Account Information
concepmarkets.com only provides information on spreads, leverage, and contract sizes, while details on account types, trading commissions, minimum/maximum trade sizes, maximum open positions/orders, margin levels for stop-out, and minimum price increments are not disclosed on their website.
- Base Currency: USD
- Spreads: Floating spreads starting from 1 pip
- Leverage: 1:100
- Contract Size: 1 lot = 100,000 units of currency
Trading Platform
concepmarkets.com claims to offer the ST5 trading platform for both desktop and mobile, featuring over 50 technical indicators and intraday analysis tools, with functionality for advanced traders. However, the design and operation of ST5 are very rudimentary, and this platform is commonly used by fraudulent brokers.
Deposits and Withdrawals
concepmarkets.com does not specify the supported deposit and withdrawal methods, fees, or minimum deposit and withdrawal amounts on its website.
Conclusion
Traderknows reminds investors that concepmarkets.com is a scam website that deliberately conceals company registration and regulatory information. The only contact method provided is through email. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation to avoid unnecessary financial losses.
Currently, this broker is labeled as "Suspected Fraud" on Traderknows.
