6Markets Review: What Traders Need to Know

In recent years, the online trading world has seen a plethora of new brokerages emerge, each promising unprecedented profit opportunities. 6Markets is one such project, terming itself a modern-day dealing centre and trading intermediary. At first glance, it all sounds great. But take a closer look and you wonder whether this is just another well-crafted illusion aimed at enticing naive traders.

6Markets Snapshot

Legitimacy Check

Legitimacy is the most important question concerning 6Markets. The broker’s official site proudly boasts supposed registration data and regulatory assertions. However, if one continues to dig deeper, the tale is not as it appears.

Sure, with a casual google search you can find the ISA Nauru registry and even check that 6 Markets Ltd with licence number 052939-029 is listed there. However, this resource does not appear to be valid. In 2024, the government of the Republic of Nauru issued a warning about the fraudulent activities of ISA Nauru.

In addition, a thorough search on the OpenCorporates database does not reveal any registered company under the name 6Markets. We wonder why a broker, purportedly in good faith, would fabricate such foundational corporate facts.

The broker’s provided physical address is no better. On running the address through Google Maps, we could not find any office, building, or even far-reaching connection with 6Markets at the address published. The use of fake addresses is a common practice for most of the unregulated participants in the grey or wholly illegal part of online dealing.

6markets.com Content Quality

The company website sends out warning signs right from the beginning. There is a frozen, sole landing page devoid of any substantial content. It is not possible to navigate to other pages; the site does not function. Functional hyperlinks are absent, rendering the site practically dysfunctional.

Even basic processes, such as beginning the process of registering, are obstructed. No portal is available to initiate a trading account. Also missing is the glaring absence of fundamental documents concerning Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance that any serious broker would readily have at hand. We are left to ask: how could any serious financial intermediary justify such omissions?

Though representatives claim that trading is conducted via the reliable MetaTrader 5 platform, no installation link or instructions are provided. There is not even a mobile accessibility feature in 6Markets. Even if access was technically feasible, nonetheless, the platform itself cannot compensate for the natively abysmal trading conditions being imposed.

Key Trading Features

While 6Markets promotes several types of accounts, these are mostly superficial, as all accounts seem to be trading under the same conditions. We believe it is reasonable to break these conditions down in more detail.

The minimum deposit is $10 — a modest amount that might tempt newbies. Unfortunately, it’s a widely reported strategy employed by fake brokers to entice inexperienced users into a vicious circle of repeated deposits, each promoted in the hope of potential recovery or gain.

Much more concerning is the leverage offered. The company allows clients to trade with leverage up to 1:500. On the other hand, most reputable regulatory bodies in the European Union restrict leverage to much safer margins of up 1:50 for retail clients. Speculation involving such a high rate of leverage significantly amplifies both possible gains and some losses, leading often to rapid depletion of client capital. We cannot help but question the ethics of marketing such highly speculative trading terms to retail customers.

Spreads start from 1.5 pips, remaining constant on all accounts and deposit levels. The broker also promises no trading fees and minimum swap commissions. But with the overall absence of openness in 6Markets’ business, we are highly sceptical about such guarantees. It won’t come as a surprise if the actual terms of trading are quite different from the publicised ones.

Marketing demo accounts, though ubiquitous industry practice, is soiled by a lack of direction on how to make one — particularly problematic given the site’s broken state. PAMM accounts are sold with “guaranteed” returns assurances, but no practical disclosure of associated fees, commissions, or underlying investment risk is made. Furthermore, no educational resources are offered to clients, and neither is the broker providing any form of qualified expert guidance or customer support to assist new traders.

Basically, the trading process at 6Markets is both restrictive and perilous. The excessive leverage, misleading fee structure, and absence of meaningful client support combine to ensure that most traders will end up with serious losses.

6Markets Affiliate Programme Insight

The company actively encourages an Introducing Broker (IB) program as its sole affiliate program. Sadly, attempts to gain finer details through the dedicated webpage fail due to seemingly endless loading screens. Once more, we find ourselves speculating about why essential information is so obstinately hidden.

Customer Service Overview

In principle, 6Markets claims to have a number of customer support channels across, including an email address and phone number. In practice, however, there are no contact forms on the 6markets.com website, nor are there any verified social media or messenger links for customers to use.

Crucially: Upon validating the provided email address using a validator tool, we came to realise that it is nonfunctional. Direct communication with the support team of the broker is simply not an option at all.

Our Verdict

Following a close examination, we strongly advise against using 6Markets. The firm is well beyond the boundaries of accepted regulatory norms, and its public declarations of registration and compliance are plausibly false. The majority of customer feedback is negative, often including charges of fraud.

About the author

Polly Ruiz

Affiliate Marketing Specialist

Polly Ruiz is a digital marketing expert with a strong background in affiliate marketing. She has helped numerous financial service providers optimize their affiliate programs to maximize reach and profitability. Polly's expertise lies in evaluating the integrity and effectiveness of broker affiliate programs, including commission structures, promotional tools, and support services.