Peak Markets is a forex broker that was registered in Saint Lucia on April 3, 2023, primarily providing investors with financial trading services in forex, stocks, commodities, indices, cryptocurrencies, etc., with its headquarters located in Istanbul. The broker does not offer services to jurisdictions where it may violate local laws or regulations, including but not limited to North Korea, the United States, Puerto Rico, Canada, Japan, Iran, Iraq, Lebanon, Turkey, etc.
Corporate Registration Information and Regulatory Status:
The official website of Peak Markets reveals that it is registered in Saint Lucia as Peak Markets Ltd, with the company registration address at Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia, and the registration number is 2023-00113. Its office address is located at Maslak Mahallesi, Sümer Sokak, Ayazağa Ticaret Merkezi, No:3/14, Şişli, 34398 Sarıyer/İstanbul. The broker's website does not disclose any regulatory information.
Upon verification, an entity named Peak Markets Ltd, with the registration number 2023-00113, can be found in the International Business Companies and International Trusts Registry (ifc) of Saint Lucia. However, this entity is not registered with the Financial Services Regulatory Authority (FSRA) of Saint Lucia, nor is it found with other financial regulatory authorities in different jurisdictions.
According to information obtained from Whois, the broker's website domain was registered on April 9, 2017, and as of January 15, 2024, the broker has been registered for less than a year.
Account Opening:
To open an account with Peak Markets: Visit the broker's official website and click on "Get Started!" or "Sign up" at the top right corner of the homepage to enter the account registration page. Fill in the personal information as required and submit it. After submission, the broker will send a verification code to the email address provided. Once the code is entered, you can log into your account. To make deposits and trade, you must complete full personal information verification after logging in.
Account Types:
Peak Markets offers five different types of real trading accounts: Standard Account, Fixed Account, VIP Account, Zero Account, Crypto Account.
Standard Account:
- No minimum deposit required
- Spread: Starting from 1.2 pips
- Trading commission: 0
- Maximum leverage: 1:1000
- Minimum trade volume: 0.01 lots
- Swap-free
- Promotions offered
Fixed Account:
- No minimum deposit required
- Spread: Fixed starting from 1.5 pips for forex and commodities
- Trading commission: 0
- Maximum leverage: 1:1000
- Minimum trade volume: 0.01 lots
- Swap-free
- Promotions offered
- Know your trading costs in advance
VIP Account:
- Minimum initial deposit: $50,000
- Spread: Starting from 0.5 pips
- Trading commission: 0
- Maximum leverage: 1:1000
- Minimum trade volume: 0.01 lots
- Swap-free
- Promotions offered
Zero Account:
- No minimum deposit required
- Spread: Starting from 0 pips
- Trading commission: $0—$10
- Maximum leverage: 1:1000
- Minimum trade volume: 0.01 lots
- Swap-free
- Promotions offered
Crypto Account:
- No minimum deposit required
- Spread: Original spreads
- Trading commission: 0
- Maximum leverage: 1:1000
- Minimum trade volume: 0.01 lots
- Swap-free
- Promotions offered
Trading Platform:
Peak Markets offers the MT5 trading platform, with servers provided by Peak Markets Ltd. On the MT5 platform, only existing trading accounts can be connected—new demo or real trading accounts cannot be opened.
Deposit and Withdrawal:
Peak Markets does not disclose the supported methods of deposit and withdrawal, fees, or minimum amounts on its website.
Conclusion:
Traderknows reminds investors that Peak Markets is a forex broker without effective regulation, and its deposit and withdrawal methods are unclear. Traderknows advises investors to stay away from Peak Markets when choosing a broker, and to opt for brokers that are transparent, strongly regulated, and have a good reputation, in order to avoid unnecessary financial losses.
Currently, this broker is marked as 'Suspected Scam' on Traderknows.
