Selected Markets was an offshore Forex CFD Broker, that opened in March 2019. It seems like their website is no longer working!
For broker complaints or withdrawal problems, read this.
Selected Markets Broker Review
Our in depth review of the brokers at Selected Markets finds that their Forex trading software is the one from Airsoft. This is a very basic web-based only trading platform, with no mobile trading app or the standard MT5 (Meta Trader 5) software which most brokers use. Take a look at the screenshot below, and you will see how the web-based trading platform looks.
Selected Markets’s website and trading platform is only available in English, as they seem to be targeting investors in Western Europe. New investors are required to deposit a minimum of $250 to start trading. Day traders will find more than 300 underlying assets available to them, for CFD trading including; Crypto Currencies, Forex Pairs (Major and Minor), Individual Stocks, Commodities and Market Indexes.
Automated trading software like Crypto Genius, advertise via Fake News articles and illegally use the images of celebrities and famous actors. Before falling victim of one of those get rich quick scams, read this article.
Is Selected Markets a Licensed Forex Broker?
No, Selected Markets is not a licensed broker.
Owned and operated by: Halsted Holdings Ltd, and located at: Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines. They list contact phone numbers in Australia of: +61871705861 and in United Kingdom: +442033180760, and a contact email address of: [email protected]. Official website is at: https://www.SelectedMarkets.com/.
Scam Broker Investigator uses a very simple method to analyze a broker to see if they are legitimate or a scam broker. We look to see if the broker is licensed and regulated by the governement financial regulators; FSCA South Africa, FCA United Kingdom or ASIC Australia. You should look at today’s most popular brokers that are licensed and insured, see here.
Complaints and withdrawal issues you can read about here.
Warning from ASIC Australia
“ASIC urges all investors considering trading in Forex to check they are dealing with an entity that holds an Australian Financial Services Licence.”
Compare Online Brokers
There are many good Crypto and Forex CFD brokers to choose from online, therefore, you should first look at the best brokers.
ForTrade is currently the most popular broker for new investors in CFDs. They are regulated by ASIC and the FCA, look here.
Try a Free Demo of their award winning trading platform, signup here.
Are you already invested with this broker? Please share your investing experience, with new investors reading this review.