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BloomsMarkets Spreads, leverage, minimum deposit Revealed

WikiFX | 2023-01-12 17:41

Abstract: BloomsMarkets Limited presents itself as an investment platform that connects the global securities market. It says to provide over 40 trading instruments covering forex pairs, stock and indices, and precious metals, which allows clients to trade global financial instruments through an account. However, BloomsMarkets inaccessible official website and lack of essential information make us struggle in presenting a comprehensive picture of this broker. When it comes to regulation, BloomsMarkets Limited disappoints us a lot. This broker is not regulated by any regulatory authority, and here we can see that WikiFX has given it a very low score of 1.64/10. Trading with an unregulated broker is like playing fire. Please be aware of the risk involved.

Basic Information
Registered Countries United Kingdom
Regulation No License
Company Name BloomsMarkets Limited
Minimum Deposit N/A
Maximum Leverage N/A
Minimum Spread N/A
Trading Platform MT5 trading platform
Trading Assets forex pairs stock and indices, and precious metals
Payment Methods N/A
Customer Support Email Support only

  General Information

  BloomsMarkets Limited presents itself as an investment platform that connects the global securities market. It says to provide over 40 trading instruments covering forex pairs, stock and indices, and precious metals, which allows clients to trade global financial instruments through an account. However, BloomsMarkets inaccessible official website and lack of essential information make us struggle in presenting a comprehensive picture of this broker.

  When it comes to regulation, BloomsMarkets Limited disappoints us a lot. This broker is not regulated by any regulatory authority, and here we can see that WikiFX has given it a very low score of 1.64/10. Trading with an unregulated broker is like playing fire. Please be aware of the risk involved.

wikifx-score

  Market Instruments

  BloomsMarkets boasts that it provides over 40 trading instruments, including forex pairs, stock and indices, and precious metals.

  Leverage

  Trading leverage is not mentioned anywhere. However, this is the leverage rule set by most regulatory authorities: the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.

  Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.

  Trading Platform

  Believe or not, BloomsMarkets Limited boasts that it provides the industry leading MT5 trading platform. We were unable to find the MT5 download link or screenshot, since BloomsMarkets Limiteds official website cannot be opened now.

  Customer Support

  BloomsMarkets Limited is not easily reached, for clients can only get in touch with this broker through an email provided: technical@bloomsmarkets.com.

  Risk Warning

  Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

  The information presented in this article is intended solely for reference purposes.

  Pros & Cons

Pros Cons
None No regulation
Insufficient company information
Poor customer support
Limited trading instruments

  Frequently Asked Questions

  Is BloomsMarkets regulated?

  No, BloomsMarkets is not regulated anyway.

  What trading instruments can I trade with on BloomsMarkets?

  BloomsMarkets provides over 40 trading instruments, including forex pairs, stock and indices, and precious metals.

  How can I contact BloomsMarkets?

  BloomsMarkets can only be reached through sending emails.

Related broker

No Regulation
BloomsMarkets
Company name:BloomsMarkets Limited
Score
1.48
Website:https://www.gblmtd.com/
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.48

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