We present to you a review of Poe Market LTD, in which we convincingly demonstrate why the risk of losing money with this broker is extremely high. The owners of this fraudulent project have certainly done everything to attract traders, especially inexperienced ones. However, the enticing offers from these scammers will never materialize, leaving clients who wish to earn in the financial markets with nothing. Want more details? You’ll find them below.
Brief Overview
- 🖥Official Website: https://poemarketltd.com/
- ✈️Contact Address: not specified
- 📞Customer Support: [email protected]
- 🔐Licensing and Accreditation: none
- ⏳Track Record: since 2024
- 🧰Specialization: Forex/CFD broker
- 🤝Terms of Cooperation: leverage 1:100;
- 💰Additional Services: no
Poemarketltd.com Examination
Even among scam projects, the official website of Poe Market LTD stands out, and not in a good way. Judge for yourself:
- There are no trading conditions or account types/rates listed on the pages. Clearly, the broker deemed this information unnecessary for traders.
- The site lacks any documents governing the relationship between the broker and the company. The owners have not provided Terms & Conditions, Client Agreement, Privacy Policy, or Risk Disclosure, all of which are mandatory for any company offering brokerage services, regardless of registration location or licensing regulator.
- Clients cannot register independently. They can fill out and submit a registration form and even see a message about account creation. However, attempts to log in result in an error saying “User does not exist.” A message from support to the provided email states that the account opening request will only be approved after completing a questionnaire and submitting supporting documents. Yet, both the questionnaire and document submission form are missing.
- Most links on the homepage lead nowhere, and navigating to others can be quite surprising. For example, the “Android download” link in the trading platform section directs to a login form rather than Google Play Market.
Overall, it takes considerable effort to create such a useless website. The developers of the scam broker Poe Market LTD have approached this task with surprising diligence and have succeeded in making it exceptionally ineffective.
Company Contacts
We are used to contact pages on scam websites containing some useful information. However, Poe Market LTD has managed to break even that stereotype. The broker has provided only one way for users to contact the support team: an email address. There are no phone numbers, mailing addresses, or feedback forms to be found here, nor is there an online chat or links to social media profiles.
It’s easy to conclude that this is not a legitimate company. The creators of the project have only managed to launch a completely useless website and a hosting email server. They apparently lacked the desire, funds, time, or knowledge to buy or rent physical addresses and phone numbers, set up a virtual office, or create social media groups and channels.
Key Conditions
We already mentioned that Poe Market LTD does not provide detailed information about trading conditions and account types. However, the company’s homepage contains only fragmented details:
- Users have access to over 100 trading instruments.
- The maximum leverage is 1:100.
- Spreads start at 0 pips.
A bit lower, the broker offers a choice between a “real account” and an STP/ECN trading account. This raises an interesting question: is the account where orders are executed via STP/ECN not real? It makes one wonder if the company refers to a demo or fake account where no trading occurs.
Further down, Poe Market LTD advertises a “unique ‘absolute zero’ account.” While it’s possible to have narrow spreads on ECN accounts, traders would typically pay trading commissions. Is this really “absolute zero”? Or have the broker’s owners decided to act altruistically and forgo earning money from client trades? We might believe this, since scammers would ultimately pocket all the funds in accounts. So why bother with spreads and commissions?
It seems that Poe Market LTD has no real understanding of how a Forex/CFD broker operates, which is why the company couldn’t formulate account characteristics or trading conditions. This lack of knowledge likely led to the confusing choice between a real and an STP/ECN account. Can such a platform provide genuine brokerage services? The answer seems quite obvious.
Exposing Poe Market LTD
As additional confirmation of the above, we consider the complete absence of official company data, prompted by errors found on the website.
On the “About Us” page, the broker claims to be established in the UK. We took the opportunity to verify this statement against the Companies House database. However, our search yielded no relevant or even close results. We’re not surprised; if the creators of this project knew how easy it is to verify information, they might have crafted a more plausible story.
Clearly, Poe Market LTD is also unaware of the basic truth that a financial regulator’s license is mandatory for providing brokerage services. Otherwise, why is there no mention of regulation or licensing documents on the site?
The creators also neglected to provide credible information about the company’s history. They simply chose not to publish any details on the site. However, the copyright in the footer states the site was created in 2019, while a letter we received from the administration mentions 2015.
Additionally, Whois data shows that the domain poemarketltd.com was registered only in March 2024, indicating the broker has existed for about six months. For such an overt scam project, that’s a significant duration. Did any traders really deposit money into accounts here, despite the poor official site and lack of legal data?
We also doubt Poe Market LTD’s claims about providing the MetaTrader 5 trading terminal. Firstly, there are no direct download links on the site; even the familiar App Store and Google Play buttons lead to a login page, not software stores. Secondly, the broker is absent from the list of brokers in the mobile app. Thirdly, MetaQuotes does not sell its software to unregistered platforms, and acquiring it through White Label is not an option today.
So how did this unregistered pseudo-company obtain the trading platform? It seems, by no means at all. This is why downloading the software before registration is impossible. After opening an account — and especially after funding it — not every user would feel inclined to leave the broker for another platform.
Interestingly, by the end of our review, we received a letter from Poe Market LTD’s support denying our registration due to an incorrect email format. To clarify, we received an email stating that our registration was rejected because of an invalid email format, sent to the very email address in question. The logic of the scam broker’s staff seems clearly flawed.
What Reviews Do Users Leave?
For a broker operating for just six months, Poe Market LTD has surprisingly few reviews online. It seems that traders have been prudent and have avoided sending their money to such an overt scam. In fact, comments about this pseudo-company can be counted on one hand.
Moreover, there are no positive opinions among them. Reviewers rightly criticize the website, the lack of trading conditions, and the inability to register. They also point out the absence of registration and licensing, as well as the broker’s unwillingness to provide legal documents on the site. In short, the consensus is clear: poemarketltd.com is a scam project that should be avoided.
Conclusions
Our review of Poe Market LTD aligns with the general opinion of online users: the broker appears and operates like a scam, created by fraudsters to appropriate traders’ funds. There are ample arguments to support this view: the company is not registered anywhere, lacks a license, and does not publish official documents or trading conditions. It’s no surprise that all reviewers online strongly advise against opening or funding accounts here.
Pros/Cons
- Fast loading of the official website.
- The ability to trade, according to the broker, on one of the best platforms, MetaTrader 5.
- The company has no official registration, and its claim of being established in the UK is unverified.
- An unregistered firm cannot obtain a license, meaning it operates illegally.
- The broker's website lacks any official documents.
- Trading conditions, account types, and rates are hidden by Poe Market LTD.
- Trader registrations are rejected for fabricated reasons.
These scammers from poemarketltd.com stole my entire deposit of $10,000. They didn’t even let me trade; literally the day after I deposited, they blocked my account. Support hasn’t responded to any of my emails since then.
This dump promised a lot, especially assistance with trading. If it weren’t for that, I would never have opened an account and taken the risk. However, after registration, they completely forgot their promises. I tried to make a few trades, but it turned out to be much more difficult than expected.
Attention! Poe Market is a scam! The scammers don’t withdraw funds!
I’m glad I didn’t believe the promises made by Poe Market LTD employees over the phone. They certainly tell a great story. But I looked at their website and realized that nothing they say is credible. How can you trust a broker that doesn’t even describe its own accounts? Not to mention they don’t even mention a license. It’s immediately clear that this is a scam. Now I read the reviews and wonder: where were you looking when you opened accounts and sent them money? Check before you start working, and then your deposits will remain intact.