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Score

1.76 /10
Danger

BloomsMarkets

United Kingdom

2-5 years

Suspicious Regulatory License

MT5 Full License

Regional Brokers

High potential risk

https://www.gblmtd.com

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Comparison

Quantity 7

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.47

Risk Management Index0.00

Software Index6.13

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

BloomsMarkets Limited

Company Abbreviation

BloomsMarkets

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

7 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

The platform steals client's fund

The platform privately issues orders through the client's MT4, opens and closes positions in a few minutes, converts client funds into handling fees, and turns into platform profits in disguised form, and contacts the platform. This platform, hurry up to withdraw money, there have been many cases

2022-04-18 22:39
Unable to Withdraw

withdrawal is abnormal

A friend introduced me to BloomsMarkets Limited but the platform does not permit withdrawal and the account manager couldn't be contacted after a while of making profits so i contacted the customer service to withdraw. At first they said i had a wrong email address but after confirming that there was no error on my path, they asked me for my order id which i supplied, all the same i never heard from them again till the report filed to fintrack/org made it possible to get the investment back. Be extremely careful of Blooms Markets Limited, you will most likely lose your money and they won't help.

2022-04-19 12:24
Unable to Withdraw

Investing on this platform and does not withdraw money

I contacted with this platform for foreign exchange investment on September 26, 2021. At first, several of us shared an account to deposit funds into the platform. After withdrawing funds, we opened accounts separately, and deposited funds into our respective accounts on February 2021. On November 7, 2021, the withdrawal has been blocked. It has been nearly three months, and no withdrawal has been made. Since we are also participating in the platform for the first time, there are also mistakes in the operation process, but the legality of the funds and the time and process of the cash flow are all emailed. The method is accompanied by a screenshot of the bank's running water and a screenshot of the exchange USDT transaction. The legality of my funds has no problem, and I am not suspected of anti-money laundering. The platform also defaulted to the legality of my funds in the email. However, the platform has always refused to withdraw funds, which made me physically and mentally exhausted and extremely tormented. Communicate with the platform email every week, you can only wait!

2022-01-25 21:16
Others

The platform does not work, and the client's principal is taken privately and will not be returned

On the weekend morning, it was found that the MT5 account was stolen, the order was abnormal, and the order was opened and closed within an hour, and all my principal was converted into the platform's handling fee, which became the platform's profit. After half an hour, contact the customer service for processing, The client refuses to compensate my assets on the grounds that it cannot be handled. The above incident must be related to the platform's risk control. The platform technology also admits that the opening habits are different from mine. Profitable, and the platform risk control does not have email reminders or temporarily freeze the account to protect the principal of the customer. This is a very inhumane practice. It is impossible for everyone to guarantee that the account will not be stolen, but the platform must deal with it fairly. I also have reasons to suspect that the platform itself operates The customer's MT5 conducts abnormal transactions. Through non-stop trading and closing positions, the customer's principal is turned into the platform's handling fee, which in disguise becomes the platform's profit. The method of opening and closing positions will turn all the principal into the profit of the platform, so that the principal of the customer is obtained, and there is no consequence to bear

2022-04-12 18:48
Unable to Withdraw

Avoid them like the plague.

That company stole £48500 USD from me in the last 2 months. I invested with BloomsMarkets, I am unable to withdraw one single £. They have stopped communicating with me.This group of liars have one mission. They will steal everything you send to BloomsMarket. After showing you some gains in your account they tell you that you have to send more money in crypto to pay your capital gains tax. Then they steal that too. You will never see your money again. It is less painful to flush your money down the toilet than to deal with this criminals

2022-04-18 19:44
Unable to Withdraw

Run if you can from BloomsMarket

This so-called company is the absolute best at what they do which is to scam people out of thousands and hundreds of thousands of dollars. My father has been scammed out of $44,000 plus and has contacted the FBI. BloomsMarkets employees are are smooth talkers & make everything sound good and legitimate. Please run and don't believe them. They will take all you have from Coinbase. We file a complaint to assetsclaimback advisory which later resulted in refund of initial deposit. , we can't get hold of anyone we have emailed, called and used the chat function on the website and keep getting told someone will call us in the next 24 hours. They where smart but as smart as the advisory firm, scammers run away i mean run if you can.

2022-04-18 20:40
Unable to Withdraw

The platform deliberately made it difficult for me to withdraw money on the grounds of anti-money laundering law

I came into contact with the platform for foreign exchange investment on September 26, 2021. At first, several of us shared an account to deposit funds into the platform, and the withdrawal went smoothly. Later, we opened accounts separately and deposited funds separately. On November 2, 2021, we decided to use personal accounts and continued to invest in foreign exchange. After a week, I was blocked in trying to withdraw funds. It has been nearly three months and has not given funds. During this period, I repeatedly communicated with the platform through emails to confirm through words, documents, bank transactions, transaction screenshots, etc. detail the legitimacy of my funds and there is no problem, and I am not involving anti-money laundering. The platform also defaulted to the legality of my funds in the email. However, the platform has always refused to withdraw funds, evaded it for various reasons, and did not give funds. Makes me physically and mentally exhausted and extremely tormented. I hereby urge someone to investigate the incident of my withdrawal, communicate with the platform, and give me the money as soon as possible! Thank you!

2022-01-24 21:07
    BloomsMarkets · Company summary
    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.

    User Reviews

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    User comment

    7

    Comments

    Write a review

    Turnover
    more than one year
    The communication on the Online Chat was helpful during my application, the only downfall was the time taken to open the account, however they were thorough in ensuring I was a legitimate client by checking my credentials which I appreciate as it shows they are a legitimate operator. Thankyou for your care and support.
    The communication on the Online Chat was helpful during my application, the only downfall was the time taken to open the account, however they were thorough in ensuring I was a legitimate client by checking my credentials which I appreciate as it shows they are a legitimate operator. Thankyou for your care and support.
    Translate to English
    2024-08-26 11:37
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    FX1118340376
    more than one year
    sàn giao dịch tuyệt vời, là nơi đặt niềm tin cho các trader
    sàn giao dịch tuyệt vời, là nơi đặt niềm tin cho các trader
    Translate to English
    2023-04-20 11:35
    Reply
    0
    0
    7