SelectedMarkets.com Review Is Selected Markets A Licensed Broker

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Traders` reviews for Selected Markets

Spread

Slippage

Requotes

Price feed

Platform

Deposit/Withdraw

Customer service

Summary

Selected Markets – 100% Scam – Avoid

I invested with Selected Markets in May 2020, !rst $250, then foolishly another $5000. I’ve seen the funds in my online account grow (‘on paper’) to over $20,000 then almost get completely wiped out due to bad management. It then went back in profit but they did everything possible to block me from withdrawing funds – my own money. I told them I was sceptical after reading some emails, as clearly some investors were dissatis!ed. They told me (in fact they shouted down the phone) that none of the emails were not genuine, but all complaints were coming from their competition, just trying to make them look bad, and how could I possibly be believing any of it. I can assure you I was a genuine investor, who has genuinely been conned here. I had a similar experience as most investors, being pressured to invest more money. I asked them why they would possibly think I would do that when the money invested so far was still not in pro!t. Why would I invest more funds into something I can’t see working yet. I was then told I was a liar for suggesting I would invest more, and I had the phone put down on me. After agreeing with them to try a funds withdrawal so that I could see the end to end cycle through, more trades were suddenly loaded onto my account, preventing me from withdrawing the funds. I wasn’t able to close the trades myself, I was told they were ‘special trades’. When I eventually managed to stop those, I still wasn’t able to withdraw the funds online and now I was told there were pending trades. My dashboard showed no pending trades, but again I was told they were special trades I would not be able to see ! Then 9 further trades were loaded onto my account. Between the 25th October and mid November I asked 3 TO 4 TIMES A DAY, EVERY DAY, to close the trades on my account. I was unable to close them myself online – something I should be able to do. I have email addresses and WhatsApp numbers both of which are being ignored. The telephone numbers they call on do not allow you to call back (what genuine business would do that . ). One person had the decency to reply, but only to tell me that my account manager has been informed and that they will contact me. they never do. I have been exceptionally patient with these people but my patience is now all used up. They have been unprofessional, they have been rude, and their behaviour in the last 3 weeks just con!rms that this is not a legitimate business, and not one that can be trusted. They are stealing money. I have seen one suggestion that in fact the money was lost the moment I paid it, and in fact everything else is an elaborate con, effectively with ‘videos’ playing to make you believe your money is being traded.
I have approached the credit card company to help but they have told me that Selected Markets processed the payment by a money transfer service called RaveByFlutterwave. I have never heard of the company or their service. As far as I was concerned I made a payment to Selected Markets and they acknowledged it. The credit card company say they cannot process a chargeback against a money transfer service.

TRADE SELECTED MARKETS

THIS IS A SCAM ..NO MATTER HOW YOU LOOK AT IT ..IT IS A SACAM . THEY HAVE JUST DISAPPEARED ALONG WITH MY MONEY . DESPITE BEING GIVEN A REVIEW OF BEING ONE OF THE BEST . THEY ARE BLOODY SCAMMERS AND NOT TO BE TRUSTED ….

Scam, scam, scam, 100% scam.

I have also been scammed by the ‘selectedmarkets.’ They will do their best to show you that they are a reliable investment company, your deposit money is safe showing the right way how to deposit with a sure receipt, and how to withdraw the money. They will ask you to send your credit card details pretending they are trustful companies. Whatever they promise and ask, NEVER EVER trust them. Once you deposit at least $250 USD, a few days later they will close up everything on the website and never return to your requests. It’s a scam, scam, and scam more than 100%. They are totally evil liars.

Scamming Thieves That Can Destroy Your Life. Please Beware.

Selected Markets is a scam, unfortunately I found this out the hard way.
Invested $17,000 and just 2 months later, I have less than $400 left in the account.
It isn’t a case of the trading going unexpectedly downward or even trading by incompetent brokers. It’s just a scam!
They take your $, make fake profits for a little while and then your $ disappears overnight.
Your broker will not even acknowledge your emails or respond to phone calls from this point on.
For anyone who is trading with this company, please STOP now. They could ruin your life as they have mine.
Two individuals (“brokers”) to be aware of are Jay Wild and Ben Ross. Judging by my own experience with them and other reviews by clients, they are among the head scammers.
Jay Wild is the hard sell contact to con as much $ out of you as possible. When your $ is gone, Ben Ross will step in as a “recovery manager”. He will NOT recover 1c for you, instead what might be left in your account will quickly disappear and so will he.
These thieves have almost destroyed my life. There are genuine recovery companies out there that try to recover your losses but all require money upfront before taking your case. Unfortunately for me, I don’t even have any money left to go through with this process.

Unprofessional Company

I started with Selected Markets with a deposit of $250 US as per the advertisement. An account manager contacted me and offered to trade on my behalf since this is the service they offered for persons who were new to trading. I was concerned about losing my money but he explained that my exposure would only be 10% maximum, so that if I lost in a trade, the loss would be small. I deposited $1,300.00 US more into the account. The initial trading went well, and the account grew to $1,834 in the first three weeks. Then he asked my permission to do another trade. I gave my permission. My account balance kept fluctuating around $1,200, then in 4 days it dropped to $124.00. We had agreed that if the trade was losing their software would stop it automatically. Since this occurred all my messages to him have not been delivered. I have sent a message to the clerical staff and they have advised that it was passed on to my account manager’s manager, but I have not heard from them. I have come to the conclusion that this is a bogus company and they are only after your money. I imagine they are all the same. They will make all sorts of promises to get you to deposit all of your hard earned dollars, including your super. I did a trial with $1,550, and I am happy I did not listen to them and their empty promises and put in more. Beware of this company.

Selected Markets are Scammers

I stupidly made an initial payment to Selected Markets and before the payment was even processed I reviewed them and realised my mistake so contacted them that I did not want the service. They then told me, also written on their website, that I needed to provide 3 types or personal identification before my account could start trading. I refused to provide this and asked again for a refund. They told me the request was being processed. Within 2 days i was sent trading notices. I sent more requests through the website for withdrawal of funds. No reply. 4 weeks later still no reply so i’ve Lost my money.

Selected Markets is complete fraud

These company or trading platform is complete fraud . They pretend to be professionals but they have nothing to do with trade or real work . I placed starting 300 e . Than i got offer to place 2500e more . I said i will think about it after i check the facts . The guy that was telling me he is profesional broker that worked in NEW YORK for years as brooker lost his temper so i knew immediately he is a fraud because I dealt with brokers before and they are don’t lose their temper so fast . I told him i am not crazy to give him 1 euro more and that he supposed to build the trust with customer first if he expects me to invest anymore money to him . Hes answer was : ‘U dont build trust with 300 euro you need to put in some money . I dont give a fuck for you or your 300 euros’ .
I am happy that is 300 e . I can imagine how would I feel if i really invested 2500 e or even 5000 .
When I came home I logged in selected markets account and they made like 20 transactions and lost those 300 e without my approval and without me doing any transactions .
Don’t use them , complete unprofessionals and fraudsters . If you don’t give them money how they want they will become rude and lose any money that you gave them . I can imagine how they work. If you don’t do as they want they will take those 300 . If you listen to them and start investing maybe they will show to you some profit . When you will want to withdraw money problems will start and they will ask for more and more and eventually you will lose all . No regulations you lose all . When they build enough equity they can close company and take all the money as they are not regulated by anyone and their business is illegal under EU regulations . SCAM SCAM
avoid them .
Good luck

Non return of funds

I recently invested ВЈ3,500 with Selected markets but became concerned at a very hard sell approach by the consultant called Jay Wild. He rang on a number of occasions in the first few days vigorously encouraging me to invest more. I became very uneasy and requested my funds back and received confirmation that they had received my withdrawal request on the 9th August 2020 and am still waiting despite numerous e-mails and finding that they are still trading my account downwards despite direct instructions to cease any trading.

Its a con

I am trying to get my money back from these people, I have no confidence at all, Its a BIG CON. Don’t give them your money.

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