SafeMarkets was an unlicensed Forex & Cypto Currency trading broker that opened in October 2017. This broker is now out of business!
For complaints and withdrawal problems, read this.
SafeMarkets Review
Our review of Safe Markets finds that they are offering the new Tradologic CFD trading software for Forex and Crypto Currency Trading. This trading platform has all Major Currency pairs as well as minor crosses. There is a large selection of Commodities, Indices, Stocks, Futures and Bitcoin for trading.
A few things that are missing from this brokers website, are option to use the MetaTrader 4 software, mobile apps, social media pages, and live support.
Auto-Trading Scam Software
According to the AUP of Safe Markets, the use of an automated trading software is not allowed. You can read more about complaints here.
Section 2.1 of their Terms and Conditions says:
You May Not Use, Under Any Circumstances, Any Software Which Automatically Accesses Or Operates On Safemarkets’s Systems, Websites Or Systems, Unless Such Software Is Officially Provided By Safemarkets.
WARNING: Trading robots like Crypto Genius are really scams that do not work, learn why.
You can see popular auto-trading robots for Forex, look here.
SafeMarkets License Check
Scam Broker Investigator reviews hundreds of Forex & Bitcoin brokers to see if they are scam brokers or legitimate brokers. The way to properly assess a broker is by checking to see if CySEC in Europe or ASIC in Australia gave the broker a license. You can see all the licensed brokers listed here.
SafeMarkets does not have a license.
Safe Markets is owned by; SolveKey OU or OptiumCommerce OU, and located at: Harju Maakond, Kesklinna Linnaosa, Narva Maantee 5, 10117 Tallinn, Estonia. Listed phone numbers from the United Kingdom are: +44 208 089 8275 or +44 203 868 8092. Contact email address is: [email protected]. Official website is: https://www.safemarkets.biz/. Payment provider for Safe Markets broker is DreamsPay.
Compare Honest Brokers
Who is the Best Forex broker, is a very general question, because each investor has their own requirements in a broker. Smart investors always have their primary broker, and a backup broker. You can see our list of most popular brokers.
ForTrade is a very popular Forex broker, regulated both in Australia and England by the FCA and ASIC, see here.
Register your Free Trading Account at: ForTrade.com.
If you are currently investing at SafeMarkets, please share your experience in the comments section below.