Bridge Markets Review – Fake Platform And Licenses Exposed

What’s surprising about this brokerage is that they present themselves as a US-registered firm but they don’t offer services to US citizens. That doesn’t seem right. But of course, there’s a reason for it.

Nevertheless, the more you look at the company’s offer you realize how big of a scam that is. To find out why and how to avoid that in the future, read our Bridge Markets review until the end.

Legal info: Is Bridge Markets Legit or a Scam?

As can be seen, this brokerage presents itself as a firm owned by BridgeMarkets LTD. This company is registered in the Marshall Islands and allegedly operates with a license from the Monetary Authority of the Marshall Islands. Yet, that institution doesn’t even exist. The only one registered there is GLOFSA, but fairly, their standards don’t match the ones of the FCA, BaFin, ASIC, NFA, or similar.

What’s surprising is that this brokerage presents itself as NFA registered entity with the number 0562743. Thus, when you search for this number or the company’s legal name, you won’t find them there. All in all, zero reasons to trust this broker from now on.

Who are Bridge Markets’s Victims?

Another reason not to trust this firm is the absence of Bridge Markets reviews. Even though it presents itself as a global brokerage firm.  But even with their global presence, allegedly, they mostly target users from: 

• United States
• Colombia
• Peru
• Panama

Of course, the company is not authorized to offer its services in any of these countries. However, if you read our CapitalMarket24 or FX Tampa reviews, you will learn how to stay away from these. Yet, we all make mistakes. And therefore, if you make it and start trading with any of these firms, feel free to contact us for refund options anytime.

Leverage, Commissions, Spreads, Fees and Taxes

One of the clear signs you should avoid Bridge Markets broker is its leverage of up to 1:500. Even though spreads might seem attractive starting from 1.4 pips, most likely you will get these only on a few assets. Another key fact is that in the beginning, you trade without commissions. But later, it’s a classic rip-off starting from $4 per lot depending on the account type.

Bonuses

Another important detail traders should remember about Bridge Markets trading firm is not to accept any bonus offers. Even though it seems like a great way to boost your profits, with unregulated brokers it’s just a withdrawal trap. Sadly, the Bridge Markets website doesn’t reveal any bonus conditions and that’s what’s concerning the most.

Bridge Markets Trading Features

Besides regular trading features the company also offers social trading, MAM accounts, and prop-firm trading services. But in reality, without adequate regulations, none of these options can be fully trusted. That’s why top-tier licenses make a big difference when choosing a broker.

Trading Platforms Available

To find out if is Bridge Markets legit you can do so by testing out their trading platform. Thus, with MT5 in the offer, that might be a bit harder than we think. In any case, MT5 is a solid solution for all investment firms. Thus, if you sign up with this company and find out they don’t offer MT5, it’s a clear sign to stay away from them.

Available Trading Assets

Even though the company advertises a broad range of instruments, that won’t make any difference for you if you can’t withdraw the profits. In any case, the company’s offer is not as transparent as you would expect from an NFA-regulated firm. But anyway, you can expect: 

• Forex – GBP/CAD, EUR/SEK
• CFDs – IBM, NASDAQ, silver
• Cryptos – ETH, LTC

Account Types

Generally, all of the account types with this trading firm might look attractive. But the harsh reality is that all accounts are designed to extort progressively more money from users. In return, you won’t get anything. Still, your options are:

• Basic – $20  
• ECN – $100
• MAM – $15.000
• Prop Firm – $80

Mobile Trading App

To sum it up, yes. With MT5 availability there comes the option to download iOS and Android apps. But of course, before you sign up with this broker and test them out, you won’t be 100% sure.

Demo Account

One of the ways to explore all of the company’s features would be a demo account. But for some reason, they don’t offer it. Is it because of low minimum deposit requirements or because they hide their flaws, it remains a mystery.

Education

A leading trick to get traders scammed is not to offer them proper education. But if you get educated by a scam broker, that’s even worse. With this in mind, we strongly advise you to avoid the company’s Tradeflix educational features at all costs.

Bridge Markets Withdrawal

Without a transparent Bridge Markets withdrawal policy, traders can fairly only expect problems. Especially when they see a disclaimer in their T&Cs that the company won’t process any withdrawals unless verification of the documents is processed and approved by the company. This gives them more than enough freedom to manipulate your withdrawal process.

Not to mention the company doesn’t reveal withdrawal methods, fees, or processing time. So, what else to expect but to get scammed? In the end, regardless of the outcome, you can expect your Bridge Markets login credentials blocked.

Customer Support

One of the interesting details of this broker is its customer support. With phone numbers and Skype availability, some traders might think it’s a legitimate firm they work with. Thus, without transparent operating hours, or legitimate legal information, that’s hardly believable.

Key Information To Consider About Bridge Markets?

The one and only information traders have to worry about is the company’s regulation. Which they don’t have even though they present us with it. If they are prepared to mislead you with license details, what else can we expect?

In any case, nothing good. But if you have trusted this trading firm for any reason, keep in mind you can apply for a refund. If you don’t know how contact our refund experts and find out step-by-step procedure.

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