Fintopi
    Facebook Twitter Instagram
    Fintopi
    • Home
    • Loans
    • Trading Brokers
    • Contact us
    Fintopi
    Home » CeloMarkets Review: Signs That CeloMarket.Com Is Fraud
    Overview of scam broker CeloMarkets
    Fraudulent Brokers
    FinTopiAuthorBy FinTopiAuthorMarch 21, 2023Updated:June 14, 2023No Comments6 Mins Read

    CeloMarkets Review: Signs That CeloMarket.Com Is Fraud

    CeloMarkets is a suspicious offshore broker that operates under the guise of being based in Austria. Despite its German-translated web page, its legal documents are in a language that is not easily readable by Austrian clients. This is questionable! 

    It’s not licensed and has a clause in its Terms and Conditions that makes withdrawing funds nearly impossible, further indicating that it may be a scam. Also, its brokerage services are lacking. There are only two types of CFDs available on its basic platform. Take a look at this CeloMarkets review to see why this broker is bad for you. 

    LeverageN/A
    RegulationNo
    HeadquartersVienna and London
    Minimum Deposit$25
    Review Rating1/5
    Broker TypeFX
    Platformsweb trading platform
    SpreadN/A

    Table of Contents

    • License and Safety of Funds at CeloMarkets
    • CeloMarkets Trading Platform
    • Trading Accounts Available at CeloMarkets
    • CeloMarkets Bonuses
    • CeloMarkets Deposits and Withdrawals
    • The Deceptive Lure of a Scam: How It Entraps New Investors
    • The Best Foreign Exchange Brokers
    • CeloMarkets Summary
    • FAQs About CeloMarkets Broker

    License and Safety of Funds at CeloMarkets

    CeloMarkets is a shady offshore broker with a questionable reputation. Not only is it unlicensed and operating illegally, but it’s also offering bonuses in breach of Austrian regulations. Such bonuses are known to be abused by scammers. So, it’s essential for you to avoid dealing with businesses like this.

    Similarly, CeloMarket’s platform is deficient, with a limited range of CFD offerings, and no details on leverage, and spreads. The lack of transparency and regulatory oversight only heightens the risks linked to this broker.

    Always trade with regulated brokers for your safety and peace of mind. Never fall for the attractive promises of bonuses and easy profits, as they could lead you down a dangerous path.

    CeloMarkets Trading Platform

    CeloMarkets Trading Platform

    This broker’s web trading platform pales in comparison to the widely used MetaTrader 5. It provides only rudimentary charting capabilities, lacking the advanced features required for automated trading. You should remember that a premium platform is just one piece of the puzzle when it comes to profitable trading. One must also think about the credibility of the broker they partner with. 

    Note that even legitimate platforms can be subjected to fraudulent practices, such as inflated trading volumes, by unscrupulous brokers. Essentially, what appears to be happening on their software is just an illusion. In reality, your money is rapidly slipping through their grasp.

    MT5 stands as a leader in the trading industry, thanks to its widespread use and a multitude of useful features. One of its key strengths is the rich technical analysis suite with an impressive 21 timeframes for traders to utilize. Still, automated trading truly sets MT5 apart from the rest.

    Trading Accounts Available at CeloMarkets

    Let’s take a look at the diverse account options offered by CeloMarkets.

    With the Bronze account, starting at 250 EUR, you’ll receive basic benefits but no extra bonuses. On the flip side, the Silver account, beginning at 10,000 EUR, grants you a 50% bonus on deposit courtesy of CeloMarkets. 

    The Gold account, starting at 100,000 EUR, includes a 75% bonus. And finally, the Platinum account, requiring a minimum investment of 500,000 EUR, offers a full 100% bonus, along with the personalized support of a dedicated trading expert.

    It’s important to note that CeloMarkets’ claims of guaranteed monthly returns. You should take this with a grain of salt. No one can guarantee returns in the volatile market. So, any claims to the contrary are a warning sign of potential fraud. 

    CeloMarkets Bonuses

    At CeloMarkets, the bonuses vary greatly depending on which of their trading accounts you choose. Their Silver account includes a 50% bonus on deposit.

    The Gold account includes a 75% bonus. Also, there’s the Platinum account with the so-called full 100% bonus.

    Keep in mind that this broker is questionable. These bonuses don’t have any value after all. 

    CeloMarkets Deposits and Withdrawals

    CeloMarkets breaks away from the mold of traditional scam brokers. It does this by offering the option of depositing funds via a credit or debit card. Yet, it is essential to note that the payment process occurs through their site, rather than a secure payment system. This raises some red flags, mainly because these brokers often request additional personal details from their clients.

    It’s not hard to imagine that they may try to make unauthorized payments on your behalf. Still, there is some hope. If you used a Visa or Mastercard for the deposit, you can reverse the transaction within 540 days of the initial payment. In this case, reaching out to your card issuer for help retrieving your funds would be highly advisable.

    When it comes to protecting your financial investments, caution is key. It’s always better to be safe than sorry! 

    The Deceptive Lure of a Scam: How It Entraps New Investors

    The scam begins with a seemingly innocent encounter. A broker promising huge profits and favorable trading conditions catches your eye. Out of curiosity, you open an account, unknowingly handing over your email and phone number to the scammers.

    The calls and emails start pouring in, pressuring you to make a deposit. The scammers, well-trained in the art of persuasion, use their charisma to convince you to invest more and more cash. For some time it may seem like everything is going well. The platform may show profits and everything may seem too good to be true.

    But it is. The instant you try to withdraw your money, the illusion of prosperity crumbles. The scammers use many tactics, such as hidden clauses in the Terms and Conditions or additional taxes, to stop you from accessing your money.

    By the time you realize that something is terribly wrong, the broker has vanished.

    The Best Foreign Exchange Brokers

    With the right broker by your side, trading can be an exciting journey. To help you find the best fit, we’ve compiled a list of some of the top forex brokers in the industry. 

    Whether you’re a seasoned trader or a newbie, this list will help you find the best broker to meet your needs. So, look at the table below and start exploring the world of forex trading today!

    BrokerCountry,RatingMin. DepositWebsite
    FXTM BrokerCyprus, UK, Mauritius4.5$10Forextime.Com
    OctaFX BrokerCyprus, SVG4.4$100OctaFX.Com
    FP Markets BrokerAustralia, Cyprus4.7$100FpMarkets.Com
    XM BrokerCyprus, Belize, Australia4.7$5XM.Com
    HFM HF Markets BrokerCyprus, UK, South Africa, UAE, Kenya4.3$5HFM.Com
    FBS BrokerCyprus, Belize, Marshall Islands4.85$100FBS.Com

    CeloMarkets Summary

    CeloMarkets is a broker scam. According to many complaints, this broker promises enormous profits and superb trading conditions. Still, it is actually a fraudulent firm that lures traders with false promises and ultimately steals their money. You should stay away from it. 

    FAQs About CeloMarkets Broker

    Is It Safe to Use CeloMarkets?

    This is not a regulated broker. Keep in mind that it is not safe to use its services or give out your data. 

    Is my Money Safe with CeloMarkets?

    The safety of your funds is a top priority, and with multiple red flags surrounding CeloMarkets, it’s advisable to avoid it altogether.

    Does CeloMarkets Offer a Demo Account?

    No, this broker does not offer a demo account. They don’t even include a decent live platform.

    CeloMarkets Reviews CeloMarkets Scam Scam Broker CeloMarkets Trading Scam

    Want to trade?

    Wondering how to know if your broker is safe? How to avoid dealing with swindlers? We'll help you find the best broker that suits your trading style and skill level.

    Fill out the form to find the perfect broker for your trading needs! 100% Free advice.

    Auto Loans By State
    ‎Home Equity Loans By States
    ‎Mortgages By States
    ‎Personal Loans By State
    ‎Student Loans By State
    Auto Loans By State
    AL
    AK
    AS
    AZ
    AR
    CA
    CO
    CT
    DE
    DC
    FL
    GA
    GU
    HI
    ID
    IL
    IN
    IA
    KS
    KY
    LA
    ME
    MD
    MA
    MI
    MN
    MS
    MO
    MT
    NE
    NV
    NH
    NJ
    NM
    NY
    NC
    ND
    MP
    OH
    OK
    OR
    PA
    PR
    RI
    SC
    SD
    TN
    TX
    UT
    VT
    VI
    VA
    WA
    WV
    WI
    WY
    ‎Home Equity Loans By States
    CA
    CO
    CT
    DE
    DC
    FL
    GA
    HI
    ID
    IL
    IN
    IA
    KS
    KY
    LA
    ME
    MD
    MA
    MI
    MN
    MS
    MO
    MT
    NE
    NV
    NJ
    NM
    NC
    ND
    OH
    OR
    PA
    RI
    SC
    SD
    TN
    UT
    VA
    WA
    WI
    WY
    ‎Mortgages By States
    WY
    WY
    WY
    CA
    CO
    CT
    DE
    DC
    FL
    GA
    HI
    ID
    IL
    IN
    IA
    KS
    KY
    LA
    ME
    MD
    MA
    MI
    MN
    MS
    MO
    MT
    NE
    NV
    NJ
    NM
    NC
    ND
    OH
    OR
    PA
    RI
    SC
    SD
    TN
    UT
    VA
    WA
    WI
    WY
    ‎Personal Loans By State
    CA
    CO
    CT
    DE
    DC
    FL
    GA
    HI
    ID
    IL
    IN
    IA
    KS
    KY
    LA
    ME
    MD
    MA
    MI
    MN
    MS
    MO
    MT
    NE
    NV
    NJ
    NM
    NC
    ND
    OH
    OR
    PA
    RI
    SC
    SD
    TN
    UT
    VA
    WA
    WI
    WY
    ‎Student Loans By State
    CA
    CO
    CT
    DE
    DC
    FL
    GA
    HI
    ID
    IL
    IN
    IA
    KS
    KY
    LA
    ME
    MD
    MA
    MI
    MN
    MS
    MO
    MT
    NE
    NV
    NJ
    NM
    NC
    ND
    OH
    OR
    PA
    RI
    SC
    SD
    TN
    UT
    VA
    WA
    WI
    WY
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    FinTopiAuthor
    • Facebook
    • Twitter
    • LinkedIn

    The FinTopiAuthor, who prefers to remain anonymous for now due to privacy reasons, has a bachelor’s degree in finance and over 10 years of experience in financial planning and bank loans. For the last 3 years, they’ve been working as a freelance copywriter in the niche of financial products, investing, and money lending, with the special attention to pros and cons of different loan types. Besides an interest in financial topics, they’re keen on traveling and various adventures.

    Related Posts

    Cuso Mortgage Review – Can You Depend on Their Advice?

    May 14, 2023

    Metro Credit Union Mortgage Review – Is it a Secure Option for Your Money?

    May 13, 2023

    Lyons Mortgage Services – An Overview of Services and Reputation

    May 12, 2023

    ‎Auto Loans In West Virginia

    January 27, 2023
    Add A Comment
    Leave A Reply Cancel Reply

    Table of Contents

    Table of Contents

    • License and Safety of Funds at CeloMarkets
    • CeloMarkets Trading Platform
    • Trading Accounts Available at CeloMarkets
    • CeloMarkets Bonuses
    • CeloMarkets Deposits and Withdrawals
    • The Deceptive Lure of a Scam: How It Entraps New Investors
    • The Best Foreign Exchange Brokers
    • CeloMarkets Summary
    • FAQs About CeloMarkets Broker

    You Lost Money?

    Get Your Money Back

    Copyright © 2022-2023 Fintopi. All trademarks are the property of their respective owners.

    What's Hot

    Exteom Review: EU Traders Are Lured in Fraud Again
    June 14, 2023
    Immediate Edge Review: No Regulation, No Сonscience
    June 13, 2023
    When Is the Best Time to Buy a Car? A Comprehensive Guide
    June 12, 2023

    Company

    • Homepage
    • Sitemap
    • Privacy Policy
    Disclaimer: We do our best to ensure that the information on our site is up to date and accurate. This information may differ from what you see on the websites of the companies we mention. All products and services are provided without warranty of any kind. When evaluating offers, you should check the terms and conditions of the product and/or company and/or company. Trademarks, product names, logos and others mentioned on Fintopi are the property of their respective owners. The information we present is for educational purposes only and you should consult with a licensed financial professional before making any financial decisions.

    Type above and press Enter to search. Press Esc to cancel.