Link-Markets – Can You Trust Them?
Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.
Link-Markets - DO NOT TRADE WITH THIS PROVIDER
2.4/10
$100
Minimum Depositupdated 2020
Link-Markets offers its clients the following account types:
- Bitcoin Beginner: The investment requirement for this account type ranges from $10,000 to $50,000.
- Bitcoin-Ethereum Intermediate: The investment requirement for this account ranges from $50,000 to $100,000.
- Bitcoin-Ethereum-Litecoin Pro: Investments for this account type need to be in the range of $100,000 to $250,000.
- VIP Expert: You need to make investments between $250,000 and above to use this account type.
The only thing we were able to find out about the trading conditions set by this broker is that the leverages are fluid.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
Website URL: www.link-markets.com
Founded: 2018
Regulations: Unlicensed
Languages: English
Deposit Methods: Wire Transfer, Credit Cards
Minimum Deposit: $250
Free Demo Account: No
Number of Assets: N/A
Types of Assets: Cryptocurrencies
Trading Accounts and Conditions
Link-Markets offers its clients the following account types:
- Bitcoin Beginner: The investment requirement for this account type ranges from $10,000 to $50,000.
- Bitcoin-Ethereum Intermediate: The investment requirement for this account ranges from $50,000 to $100,000.
- Bitcoin-Ethereum-Litecoin Pro: Investments for this account type need to be in the range of $100,000 to $250,000.
- VIP Expert: You need to make investments between $250,000 and above to use this account type.
The only thing we were able to find out about the trading conditions set by this broker is that the leverages are fluid.
Link-Markets – Advantages
We did not find any advantages to trading with Link-Markets.
Link-Markets – Disadvantages
Here are the many reasons why it would not be a good idea to trade with Link-Markets:
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Unregulated Broker
Link-Markets claims to be headquartered in the Canton of Zurich, in Switzerland. However, the broker provides us with a UK phone number (+44-203-695-6460). However, there is no company name provided and we do not have any licensing information either.
To operate out of Switzerland, a broker needs to be regulated either by the FINMA (Financial Market Supervisory Authority) or by an equivalent financial regulator of an EU-member country. Plus, since this broker has provided a UK phone number, it would also need to be regulated by the FCA (Financial Conduct Authority) in that country.
However, when we checked the online registers of both the FINMA and the FCA, we did not find Link-Markets listed there. This means that this broker is unregulated and therefore operating outside the law.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
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Poor Trading Software
The trading terminal used by Link-Markets is very poorly made. The only thing that users can do on it is buy and sell cryptocurrencies. The broker has made an attempt to add a few charts and a couple of time frames, but they don’t really work.
Compared to the MetaTrader 5 software, this platform is a huge let down. It does not have charting options, market analysis tools, automated trading algorithms, or any of the other benefits you get when you trade with the MT5 platform.
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Fluid Leverages
This is a huge issue for us. Leverage ratios are set by the broker, and traders usually have 2 to 3 leverage options from which to choose. In Link-Markets’ case, you can literally input your own leverage ratio, something that is totally unheard of.
However, every time you refresh the trading page, the leverage ratio gets set back to 1:100, which leads us to believe that that might be the maximum leverage offered by the broker. But we cannot be sure, because there are no clear trading conditions mentioned anywhere on this broker’s website, platform or client area.
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Limited Deposit Options
The only ways that you can make deposits on this broker’s platform are by bank wires or by credit cards. However, when we tried to make a deposit using the bank wire option, the only things that were asked of us were the amount to be deposited and the name of the country from where the deposit was being made. When we filled in this information, the page simply refreshed. We were, however, able to carry out a credit card transaction for $1.
Most brokerages offer multiple payment methods – Bank Wires, Credit as well as Debit Cards, e-wallets such as Skrill or Neteller, and even cryptocurrencies. So, the lack of payment methods is another negative point against this broker.
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Conflicting Information About Minimum Deposit Amount
We have listed the minimum deposit in our review as $10,000 because that is the figure shown in Link-Markets’ Account Types page. However, when you read the About Us page, the broker claims that you can start trading on their platform with just a $250 deposit. This lack of clarity is worrying.
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Unreasonable Withdrawal Fees and Conditions
The withdrawal fees mentioned on Link-Markets’ website are quite high.
- To make a withdrawal via wire transfer, you need to pay a $50 fee.
- To make a withdrawal using credit cards, you need to pay a $35 fee.
- To make a withdrawal using ePayments, you need to pay $25.
This information also conflicts with its payments information, since this broker seems only to allow credit card payments and withdrawals.
Furthermore, if you do not reach a trading turnover of at least 200 lots before you withdraw your funds, you will be charged a 10% fee.
And if you have taken advantage of their bonus promotion, then you will not be allowed to withdraw your money until you have traded a volume of 30 times per $1 dollar bonus.
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Lack of Accountability
Link-Markets states in its Terms and Conditions that it will not be accountable for any losses or damages suffered by their clients which could be caused by them using the broker’s platform or services.
The broker states that they will not take responsibility for client losses even if there are failures in their services.
What this basically means that is you trade with this broker at your own risk.
Conclusion
Everything about this broker indicates that it is yet another scam operation. The website itself is poorly designed, and there is very little on it that is of value. We do not know anything about the entity that operates this brokerage, and neither is it regulated in any way. The terms and conditions, especially those related to withdrawal and bonuses are very unreasonable, and there is a complete lack of clarity about the trading condtions.
We would not recommend AnalystQ to any trader.
Do not trade with unregulated brokers that will steal your funds - try these regulated brokers:
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
eToro is a multi-asset platform which offers CFD and non CFD products. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.