1Market was founded in 2021 and offers a variety of financial services. It positions itself as a licensed provider of Contracts for Difference (CFDs). But more research into the 1Market platform has led to serious questions. Despite its claims to be a reputable and trustworthy broker, 1Market’s legitimacy is called into question because it has been placed on numerous financial authorities’ blacklists. This 1Market review will look at the reasons this broker is considered a scam as well as the regulatory alerts that should be followed.
Website – https://1market.com/
Website Availability – Yes
Address – Trust Company Complex, Ajektake Road, Ajeltake Island, Majuro, Marshall Island MH96960
Blacklisted Status – Comisión Nacional del Mercado de Valores (Spain), Autorité des Marchés Financiers (France), Cyprus Securities and Exchange Commission (Cyprus)
Domain Age Information –
- Domain Name: 1market.com
- Registry Domain ID: 104803659_DOMAIN_COM-VRSN
- Registrar WHOIS Server: whois.godaddy.com
- Registrar URL: https://www.godaddy.com
- Updated Date: 2023-11-20T15:48:50Z
- Creation Date: 2003-10-09T13:27:36Z
- Registrar Registration Expiration Date: 2024-10-09T13:27:36Z
Suspicious Regulation and Clone Issues
1Market is a worldwide trading platform operated by Podora Ltd., a Marshall Islands-registered corporation. This alone is cause for alarm, as the Marshall Islands are routinely used by firms seeking favorable laws. Furthermore, 1Market purports to be regulated, but it turns out that the broker is connected to a dubious clone, suggesting that it may be fabricating its regulatory credentials to win over new investors.
Blacklisted by Major Financial Authorities
Several major financial regulators have blacklisted 1Market, which further confirms the scam suspicions surrounding the broker. These authorities include:
- Comisión Nacional del Mercado de Valores (CNMV) in Spain
- Autorité des Marchés Financiers (AMF) in France
- Cyprus Securities and Exchange Commission (CySEC) in Cyprus
Being blacklisted by such credible institutions signals that 1Market has engaged in illegal activities or offered misleading information to its clients. These regulators have warned investors to stay away from this broker, citing its non-compliance with financial standards and transparency issues.
1Market Review Conclusion
In conclusion, 1Market presents numerous red flags, from operating under a suspicious regulatory umbrella to being blacklisted by multiple financial authorities. The platform’s questionable practices, combined with user complaints and regulatory actions, make it clear that 1Market is not a trustworthy broker. Investors should be cautious and avoid dealing with this platform to protect their funds from potential losses.
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