Illuminati Markets

Aspect	Information
Company Name	Illuminati Market
Registered Country/Area	Hong Kong
Founded Year	1-2 years
Regulation	FINTRAC and ASIC
Minimum Deposit	$100
Maximum Leverage	1:500
Spreads	Variable, starting from 0.0 pips
Trading Platforms	MetaTrader5 (MT5)
Tradable Assets	Forex, Indices, Shares, Precious Metals, Energies, Cryptocurrencies
Account Types	Classic, Edge
Customer Support	Telephone and email
Deposit & Withdrawal	Visa, MasterCard, UnionPay, Neteller, Skrill, Tether, Bank Transfer, SticPay
Educational Resources	Trading Calendar, Illuminati Market Academy, Traders Terminology

Overview of Illuminati Markets

Illuminati Market is a Hong Kong-based forex broker regulated by FINTRAC and ASIC. With a minimum deposit requirement of $100 and maximum leverage of 1:500, the company offers trading services in forex, indices, shares, precious metals, energies, and cryptocurrencies. Traders can access the markets through the MetaTrader5 (MT5) platform. Illuminati Market provides Classic and Edge account types, along with customer support via telephone and email. Deposits and withdrawals can be made using various methods, and the company offers educational resources such as a Trading Calendar, Illuminati Market Academy, and Traders Terminology.

Is Illuminati Markets legit or a scam？

ILLUMINATI MARKETS's Australian entity, ILLU MARKETS GROUP PTY LTD once held a license of Appointed Representative (AR) authorized by ASIC, but now this license was revoked. Hence, this broker is operating without any regulation. Please be aware of the risk.

Pros and Cons

Illuminati Market offers several advantages for traders. Firstly, the company operates under the regulatory oversight of FINTRAC and ASIC, ensuring that it adheres to necessary financial and operational standards. Additionally, Illuminati Market provides a wide range of tradable assets, including forex, indices, shares, precious metals, energies, and cryptocurrencies. Traders have access to competitive leverage, allowing them to potentially amplify their gains. The MetaTrader5 (MT5) platform offers a user-friendly and versatile trading experience, accommodating various devices and providing advanced features for strategy testing. Illuminati Market also offers multiple account types and educational resources, empowering traders to sharpen their skills and make informed investment decisions.

There are a few considerations to keep in mind when considering Illuminati Market. Firstly, the company has a relatively limited operating history of 1-2 years, which may raise concerns for some traders. The spreads offered by Illuminati Market are variable, meaning they may fluctuate depending on market conditions. This unpredictability may affect trading costs for some individuals. While Illuminati Market provides customer support via telephone and email, the options are limited compared to other brokers that offer additional support channels.

Pros	Cons
Wide Range of Tradable Assets	Short operating history (1-2 years)
Competitive Leverage	Variable spreads
MetaTrader5 (MT5) Platform	Limited customer support options
Multiple Account Types	Restricted service in certain jurisdictions
Free educational Resources	No regulation

Market Instrument

A wide selection of trading assets can be traded, covering Foreign Exchange, Shares, Precious Metals, Energy, Cryptocurrency, Index.

1. Forex:

The Forex market is the largest and most liquid market globally, with a daily trade volume exceeding $6.5 trillion. It operates 24 hours a day, five days a week, making it accessible to traders worldwide. Illuminati Markets offers over 90 currency pairs for trading, with leverage of up to 1:1000, tight spreads starting from 0.0 pips, and deep liquidity.

2. Indices:

By trading Contracts for Difference (CFDs) on indices, investors can speculate on the performance of various stock markets around the world. Illuminati Markets provides access to more than 15 global indices, offering leverage of up to 1:100 and no commissions.

3. Shares:

Traders can access a vast selection of over 12,000 global stocks from the world's largest markets. Trading CFDs on shares allows investors to gain full exposure to stock price movements with a small initial deposit. Illuminati Markets also offers the opportunity to earn dividends on stocks and trade on both the MT4 and IRESS platforms.

4. Precious Metals:

Trading precious metals is a popular way to diversify portfolios, especially during uncertain and volatile environments. Illuminati Markets enables traders to participate in the market for gold, silver, and platinum. Leverage of up to 1:400 is available for trading precious metals.

5. Energies:

Diversifying portfolios can be achieved by trading energies such as oil and natural gas. Illuminati Markets allows access to these markets without the need to physically purchase the products. Traders can leverage up to 1:100 when trading oil and natural gas.

6. Cryptocurrencies:

Illuminati Markets enables users to trade popular cryptocurrencies on margin, eliminating the need for a digital wallet. Traders can directly access cryptocurrency markets through the familiar MT4 platform and automate their trading strategies.

Illuminati Markets provides a wide range of trading assets, including forex, indices, shares, precious metals, energies, and cryptocurrencies. Traders can take advantage of leveraged trading, diversify their portfolios, and access global markets through a regulated broker.

Account Types

Illuminati Markets offers two types of trading accounts: Classic and Edge accounts. Both account types require a minimum deposit of $100, providing accessibility to a wide range of trading opportunities. The base currencies available for these accounts include USD, EUR, GBP, AUD, NZD, and CAD.

Traders using Illuminati Markets' accounts can access a diverse selection of financial instruments through a single account. This includes over 55 forex pairs, 15 indices, 50 stocks, 12 different cryptocurrencies, and 6 different commodities.

By offering a comprehensive range of trading instruments within one account, Illuminati Markets aims to provide convenience and flexibility to its investors. Traders can diversify their portfolios and explore various markets using a single platform, enhancing their trading experience.

How to Open an Account？

To open an account with Illuminati Markets, please follow the steps below:

1. Visit the Illuminati Markets website at https://illuminatimarkets.asia/.

2. On the homepage, locate the “Start Trading” button. Click on it to proceed.

3. You will be redirected to the account registration page. Fill in the required information accurately. The typical information includes your name, email address, phone number, and country of residence.

4. Select the account type that best suits your trading needs. Review the account features and choose the one that aligns with your preferences.

5. Read and agree to the terms and conditions, as well as any other relevant legal documents presented during the registration process.

6. Set up your login credentials, such as a username and password, ensuring they meet the platform's security requirements.

7. Once you have completed the registration form and provided all the necessary information, submit your application for review.

8. After your application is reviewed and approved by Illuminati Markets, you will receive confirmation of your account opening via email.

Leverage

When it comes to leverage, Illuminati Markets offers its customers access to a high leverage level of 1:500. However, it's important to note that this level of leverage exceeds the limits deemed appropriate by many regulators. In Europe and Australia, the maximum leverage for major currencies is typically capped at 1:30, while in the United States and Canada, it is set at 1:50.

Leverage has the potential to amplify both gains and losses in trading. While it can lead to significant profits, it can also result in substantial losses, particularly for inexperienced investors. Ultimately, the choice of leverage should align with a trader's risk tolerance, experience, and understanding of the market dynamics. It's crucial to weigh the potential gains against the potential risks before making decisions about leverage usage.

Trading Platform

Illuminati Markets' trading platform, MetaTrader5 (MT5), carries on the impressive reputation of its predecessor by providing traders with additional trading time frames, order flexibility, and strategy testing speeds.

MT5 is a versatile platform that can be used on various devices, including Apple, Android, and Windows. It offers greater order flexibility with two additional pending order methods and provides traders with a wider perspective on the markets through its 21 different timeframes. The platform also features an improved strategy tester that allows for better backtesting and optimization of Expert Advisors (EAs).

Illuminati Markets' MT5 platform creates a conducive environment for EAs to thrive, allowing for scalping, hedging, news trading, and more, with no requotes and no minimum stop loss distance.

Deposits & Withdrawals

The minimum deposit is $100, and clients are allowed to make a deposit and withdrawal through multiple payment methods, including Visa, MasterCard, UnionPay, Neteller, Skrill, Tether, Bank Transfer, SticPay.

Deposits:

Illuminati Markets provides instant deposits, allowing clients to fund their trading accounts quickly and efficiently. Clients can choose from a wide range of payment options to deposit funds into their accounts. Furthermore, Illuminati Markets assures that clients' funds are held securely in a Tier 1 International Bank, enhancing the safety of their deposits.

Withdrawals:

Illuminati Markets offers fast withdrawals, enabling clients to access their funds promptly when needed. Clients can initiate withdrawals from their trading accounts, and the process is designed to be efficient and timely.

No Fees:

Illuminati Markets does not charge any fees for deposits and withdrawals. Clients can enjoy the benefit of making deposits and withdrawing funds from their trading accounts without incurring any additional costs.

In summary, Illuminati Markets provides instant deposits, fast withdrawals, and a fee-free approach to fund management. Clients can securely deposit funds through a variety of payment options, and their funds are held in a Tier 1 International Bank.

Educational Resources

Illuminati Market offers three educational tools - the Trading Calendar, Illuminati Market Academy, and Traders Terminology - to empower traders with real-time market updates, enhance investment strategy skills, and improve understanding of market dynamics and terminology.

1. Trading Calendar:

Stay ahead of the markets with Illuminati Market's Trading Calendar. This educational tool provides access to a top-rated economic calendar, offering real-time updates on global financial markets. By keeping track of important events and economic indicators, traders can make informed decisions and master the stock exchange.

2. Illuminati Market Academy:

Sharpen your investment strategy skills with Illuminati Market Academy. This educational platform is designed to help traders improve their ability to pick stocks, measure risk, and evaluate assets. Through comprehensive courses, traders can gain confidence in their stock selection, asset allocation, and portfolio management skills. The academy covers various topics and provides valuable insights to enhance trading proficiency.

3. Traders Terminology:

Expand your knowledge of trading terminology with Illuminati Market's educational tool. This resource aims to familiarize traders with the specific language and terms used in the financial markets. By understanding and utilizing the correct terminology, traders can communicate effectively, enhance their understanding of market dynamics, and improve their overall trading strategies.

Customer Support

For clients who have inquiries or trading-related issues, Illuminati Markets can be contacted through the following channels:

Telephone: +852 18 9877 108

Fax: +852 18 9877 108

Email: info@illuminatimarkets.asia

It's important to note that Illuminati Markets has restrictions on providing services to residents of certain jurisdictions. These restricted countries include North Korea, Japan, the United States, and several others. This means that individuals residing in these countries are not eligible to access the services offered by Illuminati Markets.

Risk Warning

Trading leveraged products such as forex, cryptocurrencies, and derivatives carries a high degree of risk to your capital. It may not be suitable for all investors. Before engaging in such trading activities, ensure that you fully understand the risks involved. Take into account your investment objectives and level of experience.

Please note that the information presented in this article is intended solely for reference purposes. It should not be considered as financial advice or a recommendation to engage in any specific trading activity. It is essential to conduct thorough research, seek professional guidance, and make informed decisions based on your individual circumstances and risk tolerance.

Conclusion

In conclusion, Illuminati Market offers a range of advantages for traders, a diverse selection of tradable assets, competitive leverage, a versatile trading platform, multiple account types, and educational resources. However, there are a few disadvantages to consider, such as the relatively short operating history, variable spreads, limited customer support channels, and restrictions on services for residents of certain jurisdictions. Traders should weigh these pros and cons to determine if Illuminati Market aligns with their trading needs and preferences.

Frequently Asked Questions

What trading instruments can I trade with on Illuminati Markets？

Illuminati Markets offers access to Foreign Exchange, Shares, Precious Metals, Energy, Cryptocurrency, Index.

What is the minimum deposit required by Illuminati Markets？

The minimum deposit to open a standard account with Illuminati Markets is $100.

What is the maximum leverage available？

The maximum trading leverage that is available on the Illuminati Markets platform is up to 1:500.