There are many offshore brokers currently on the financial market. We have to make it clear, some of them are regulated, some are not. When it comes to Energy Markets broker, there are many things to say. And none of these things is good. Read our Energy Markets review and find out what to do if you got scammed by this offshore brokerage.
Energy Markets Details:
| Regulated by: | No regulation |
| Headquarters Country: | Commonwealth of Dominica |
| Owned by: | |
| Foundation year: | N/A |
| Supported Platforms: | MT4 |
| Minimum Deposit: | $500 |
| Types of Assets: | FX, commodities, indices, stocks |
| Maximum Leverage: | 1:200 |
| Demo Account: | No |
| Site Grid | bid-broker-stocks.io; eurofx.trade; neotrade.pro |
Energy Markets Regulation and Security
Energy Markets is a brand owned by Donnybrook Consulting Ltd. The company is based in the Commonwealth of Dominica and has no regulation for its operations. This means that the company operates illegally, and there is no regulatory body you can complain to get your funds back.
The broker was using the website www.energy-markets.io, however, this domain was shut down due to too many scam reports. Currently, there is an active website www.energy-markets.cc that the scam brokerage is using only to get more registrations.
However, when there is no regulation, there is no security.
Warnings From Financial Regulators
This is a subject we could discuss till the end of this article. Energy Markets broker and the company owner are reported and blacklisted so many times it’s even hard to count. But let’s try.
The first regulatory body to issue a warning against this scam brokerage was the Italian CONSOB:
Afterward, the warning from the Spanish CNMV came, listing all the brands of Donnybrook Consulting Ltd as a scam:
The same warning came from Belgium FSMA, stating that the brokerage is a scam and warning citizens against trading with the Energy Markets broker.
Lithuanian LB issued a warning against Donnybrook Consulting Ltd as well.
And in the end, there is a Hungarian MNB that blacklisted the scam company as well.
Now you understand the level of scam this broker is conducting.
Can you make money with Energy Markets?
Since you’ve had a chance to see all the security warnings issued against this broker, the answer is no. However, we would like to discuss a couple of things. The broker is using the MT4 trading platform, which is probably the only positive thing to say in this entire review. The minimum deposit with Energy Markets is $500, which is double than any regulated brokerage. And the leverage is 1:200, again higher than any regulated brokerage can offer. There is a reason for brokerages to limit the leverage – it’s putting your funds at too high risk.
So no, you cannot make money with an offshore unregulated scam company.
Scammed by Energy Markets?
If you were scammed by Energy Markets, there is a solution. You can file a dispute and request a chargeback.
But what is a chargeback? It’s a way of refunding your card in case you were a victim of an online scam. Contact our support via chat immediately, book your free consultations, and you will know the first step you need to make in order to get your money back!
What is Energy Markets?
Energy Markets is an online trading brokerage with no regulation.
Is Energy Markets a scam?
Since the broker is offshore and has no regulation, we can say that Energy Markets is running a scheme.
Is Energy Markets regulated?
The broker is based in the Commonwealth of Dominica and has no regulations.
Source:
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