Pickymarkets Review: Definitely a SCAM

Pickymarkets - logo

Pickymarkets guarantees that each client will receive the maximum profit from their investment. The company is registered in London, but the founders can’t confirm their words. The negative points include the lack of a license and customer reviews, although the broker calls itself the industry leader. The purpose of our review is to check if there is a scam here.

Pickymarkets General Information

Website https://pickymarkets.com/
Phone number None
Email support@pickymarkets.com
Address Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands
License None
Minimum deposit 500 euros
Assets CFD
Leverage From 1:100 to 1:400
Trading platform WebTrader

Registration and Client Portal Review

Pickymarkets offers income from cryptocurrency trading. The company started in 2001 but has been growing to the present day. The broker guarantees high-quality order execution and transparent, competitive prices.

Pickymarkets - website

By and large, there is only self-promotion on the Pickymarkets’ website. In each section, we see beautiful words without any proof. Let’s go to the client portal and find out what awaits us there.


Click “Sign Up” to go to the registration window. Enter the name, contact details, region, and account currency. Confirm your agreement with the rules. The system also asks if you are over 18 years old and if you are not a US citizen.

Pickymarkets - client portal

After clicking the button “Open account”, you will immediately find yourself in your client portal. We were surprised that different CFDs are available here, and not just cryptocurrencies.

You can go through the verification in the settings to access the deposit and withdrawal of funds. A demo account is not available and the chat button is not active.

Pickymarkets Trading Conditions

The broker claims to be a trading partner you can trust. The new customer should choose the most suitable account. Investment is an additional service of Pickymarkets. The client can choose a financial plan and invest in cryptocurrency for up to 2 years.

However, detailed information on such investments is not available both on the official website and on the client portal. We tend to think it’s just bait.

Account Types Review

Pickymarkets offers account types with the ridiculous gradation of the minimum deposit. You have to deposit 1.5 million euros to get access to the most attractive conditions. We remind you that the broker does not even have a license from any state regulator.

Name Minimum Deposit, EUR Leverage Account Manager
Trail 250 1:100 — 
Basic 5 000 1:150 Personal
Trader 10 000 1:200 Senior
Pro Plus 50 000 1:250 Private Senior
VIP 100 000 1:300
Millionaire Club 500 000 1:350
VIP Ultra 1 500 000 1:400

Educational materials, analyst assistance, news and market reviews are available on all tariffs. At the same time, it is obvious that the amount of balance has almost no effect on your privileges.

Trading Platform

Pickymarkets uses an innovative, award-winning trading platform. (Of course, we do not see any rewards on the broker’s website). The platform can be opened from any device with internet access.

The main features of Web Trader are:

  • Simple interface
  • Quick order execution
  • Chart selection.


In our opinion, the terminal is too simple and more like a binary options trading platform. Some claimed features are missing or do not work properly.

For example, Live TV usually contains summaries of the most relevant economic news or expert reviews. On https://trade.pickymarkets.com in the Live TV section, there is a broadcast of the Russian TV channel Russia Today, which works for an English-speaking audience. It is difficult to find an explanation for this fact.

Pickymarkets — Deposit and Withdrawal of Funds

According to the information in the client portal, the following payment methods are available:

  • Bank Transfer
  • Credit Card
  • Bitcoin.

Pickymarkets does not describe these methods on its website, nor does it mention possible fees.


To verify and start trading, you need to upload the following documents:

  • ID confirmation
  • Proof of residence
  • The front and back sides of the bank card
  • Filled DOD.

Again, Pickymarkets does not mention these docs on the site. The list is available only after registration. Besides, disclosing such information is extremely risky.

Is Pickymarkets a Scam?

Let’s analyze each bad item that we have identified in the company. Their presence suggests that the broker is not what it claims to be.

The broker claims to be part of the huge financial holding StoneX Group Inc. (founded in the USA in 1924). Of course, on the site https://www.stonex.com we did not find any mention of Pickymarkets.

Company info

Instead, we found in the terms and conditions that the broker is owned by an offshore firm, Equal Target Ltd. There is more to come!

Pickymarkets - register

Look at what we found at International Registries of the Marshall Islands. Equal Target Ltd. was annulled in 2020. Thus, Pickymarkets does not have a legal entity at all and is not entitled to conduct any activity.

Pickymarkets.com Domain Info

If the broker was related to StoneX Group, it would have been working for many years. However, a domain check reveals that the site was created in the summer of 2022.

Domain info

Besides, the domain appeared 2 years after the liquidation of the company to which it allegedly belongs.

Contacts Review

The broker’s contacts look sad. At first glance, there are phone numbers, email, and office addresses. (For some reason, the headings are confused with their description).

Pickymarkets - contacts

However, an attentive person will understand that phone numbers and addresses are just non-existent templates. Usually, they are used on demo versions of sites. Most likely, there is only a feedback form for contacting Pickymarkets.

Pros and Cons

  • Quick registration.
  • No legal entity.
  • No license.
  • Hiding important data.
  • Strange terminal.
  • Trading CFDs instead of cryptocurrencies.
  • No contacts.
  • Rather short working time.



Pickymarkets Summary

Pickymarkets - favi

Pickymarkets is definitely a scam. The site is not regulated by anyone and does not provide any data about itself. Their every word is a lie. We highly recommend choosing another broker.

Website information content 3
Client Portal 2
Trading conditions 1
Trading platform 2
Deposit and withdrawal 3
Verification 2
Licenses and guarantees 1
Feedback 1

Frequently Asked Questions (FAQ)

What Does Pickymarkets Offer?

There is primitive CFD trading here. The broker has developed 7 types of accounts, but has not specified spreads, margin, or lots.

How Much Money Should I Invest With It?

The account line starts at $250.

Is Pickymarkets Safe?

In no case. The company is not regulated by anyone and has existed for only a few months.

Teodora Jolana
Teodora Jolana
Investment Advisor

Teodora lives in São Paulo, Brazil. She constantly monitors the latest news from the world of cryptocurrencies and innovative investment projects. Read her articles to stay informed!

Teodora lives in São Paulo, Brazil. She constantly monitors the latest news from the world of cryptocurrencies and innovative investment projects. Read her articles to stay informed!

Financial Companies Reviews and Ratings
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Client Reviews

  1. Derb

    No contacts

    It seemed suspicious to me that Pickymarkets, as an experienced and leading company, does not have any feedback or review articles on the Internet. I was unable to chat with the manager. They left a phone number, but I think it’s fake.

  2. Pink

    Don't get fooled

    I have been trading for several years, so I can say that this broker should be a scam. They don’t have a license, and their registration is not correct. Most likely, owners hide behind registration in London to get more customers.

  3. Tianam

    Not the best broker

    In search of a reliable website, I came across Pickymarkets. The organizers say they have several licenses from leading regulators. However, there are no documents on their website to verify the legal basis of the activity. I do not recommend sending your money to scammers.

  4. Oryd

    Fraud terminal

    Pickymarkets is not the right broker to make money from. I decided to open an order to buy bitcoin, but the terminal freezes at the crucial moment. Maybe this happened due to a technical error. And maybe it was meant to be. Now I want to withdraw my balance and look for another platform.