Introduction

Cipher Trade Markets presents itself as a CFD broker offering forex, indices, commodities and crypto trading. However, a number of verifiable red flags — including regulatory warnings, inconsistent contact details and self-claimed “regulation” on the website that doesn’t match independent registries — strongly indicate this platform should be treated with extreme caution and may be a scam.

What Cipher Trade Markets claims to be

Cipher Trade Markets’ website promotes CFD trading, competitive spreads, educational resources and 24/7 support. The site has pages titled “About”, “Regulation”, “Contact” and product pages encouraging users to open live accounts and deposit funds. The presentation is polished and designed to appear like a legitimate broker.

Key red flags and why they matter

1. Regulatory inconsistencies and official warning

Legitimate brokers clearly publish their regulator and license numbers so traders can verify them in public registries. Cipher Trade Markets’ site includes broad statements about regulatory compliance, but independent checks show an official warning / unauthorised firm listing from a major regulator describing the firm as unauthorised and noting that contact details may be false or misleading. An authoritative regulator’s warning is one of the strongest possible red flags for a broker. (This review uses regulator notices and public checks to reach that conclusion.)

2. Conflicting addresses and contact information

The website lists postal addresses and phone numbers in multiple locations; third-party checks show different addresses associated with the same name in official warnings. Scammers frequently copy real office addresses or list addresses that belong to other businesses to appear legitimate. When a firm’s stated address cannot be consistently verified, that’s a strong warning sign.

3. No verifiable regulation on register-check sites

Broker review aggregators and broker-check sites indicate “no regulation” or give very low trust scores for Cipher Trade Markets. When a platform claims regulation but cannot be found on core regulator registries (or appears on a regulator’s unauthorised list), the claim is not trustworthy.

4. Aggressive marketing, pressure to deposit and “too good to be true” promises

The site’s marketing copy and promotional materials emphasise fast profits, demo-to-real transitions and account upgrade incentives. Scams commonly use pressure tactics (limited offers, account managers encouraging larger deposits) and promises of high returns with low risk.

5. Mixed user reports and social proof that looks manufactured

Public review snippets and social posts include both glowing testimonials and urgent complaints. Some review pages and social media show short, repetitive testimonials — a pattern often used to manufacture trust. Conversely, there are complaint posts and video reviews questioning withdrawals and account access. Mixed and suspicious social proof is a caution sign.

How this scam pattern typically works (what to expect)

If Cipher Trade Markets is operating like many fraudulent brokers, the typical progression is:

1. You register and are contacted by a “personal account manager”.

2. You’re encouraged to deposit quickly (often via credit card, bank transfer or crypto).

3. Initial profits may be shown in the account to build confidence.

4. When you try to withdraw, you encounter delays, new verification requirements, or requests for additional “fees”.

5. Communication becomes slow or stops; the platform may change contact details or disappear.

Because the site asks for deposits and offers leveraged CFD trading, the financial risk is immediate. Even without an outright exit scam, the absence of real regulation means you have little to no legal protection.

Realistic steps to protect yourself (clear, practical)

• Do not deposit any funds until the firm’s regulatory license and registration are independently confirmed in the regulator’s official public register.

• Keep all communications (emails, chat logs, invoices) and screen captures of your account dashboard — they’re useful when filing complaints.

• Report the firm to your national financial regulator and a recovery agency

Example language to use when filing a complaint

When you report the issue to a regulator, state:

• The platform name and website.

• Dates and amounts of deposits.

• Copies/screenshots of communications and account balances.

• Any account manager names or phone numbers you were given.

Keep records concise and factual — that helps investigators.

Final verdict

Cipher Trade Markets shows multiple risk indicators consistent with broker scams: an official unauthorised/ warning listing from a regulator, unverifiable regulatory claims on the site itself, inconsistent or copied contact details, and suspicious online reviews. Given these red flags, treat the platform as high risk and avoid depositing money.

Report CipherTradeMarkets.com and Recover Your Funds