MARKET MINDSPLT claims to have been established in 2007. It is a global financial services firm offering trading products such as forex, precious metals, stock CFDs, indices, commodities, oil, and cryptocurrency CFDs.
However, a Whois search reveals that the platform's official website domain (marketmindsplt.com) was registered on January 11, 2025, which clearly does not match the establishment date it claims.
The platform's official materials name the company as Market Minds PLT Financial Services Pty Ltd, yet the "Contact us" page displays AxiCorp Financial Services Pty. Ltd., which is a known brokerage Axi's registered company. Such contradictions raise doubts about the platform's authenticity.
Trading Software and Technical Support
The official site shows that MARKET MINDSPLT supports trading software like MT4, MyFXBook, and Zulutrade. However, inquiries reveal that these trading software providers do not list this platform on their servers, casting doubt on the platform's technical support and trading environment.
Account Types and Trading Conditions
MARKET MINDSPLT offers various account types, including Basic Plan, Advanced Plan, Professional Plan, Promo Plan, Deluxe Plan, and VIP Plan. Each account type has different trading conditions as follows:
- Basic Plan: Free account opening, spreads from 0.4 pips, minimum deposit of $10,000, maximum leverage for retail clients is 30:1.
- Advanced Plan: Free account opening, spreads from 0.0 pips, commission of $7 per lot, minimum deposit of $10,000, maximum leverage for retail clients is 30:1.
- Professional Plan: Free account opening, spreads from 0.0 pips, commission of $3.50 per lot, minimum deposit of $25,000, maximum leverage for professional clients is 400:1.
- Promo Plan: Free account opening, spreads from 0.4 pips, commission of $10 per lot, minimum deposit of $300, maximum leverage for retail clients is 30:1.
- Deluxe Plan: Free account opening, spreads from 0.0 pips, commission of $13 per lot, minimum deposit from $20,000 to $49,999, maximum leverage for retail clients is 30:1.
- VIP Plan: Free account opening, spreads from 0.0 pips, no commission, minimum deposit of $50,000 or more, maximum leverage for retail clients is 30:1, and for professional clients is 400:1.
Fund Withdrawal and Payment Methods
MARKET MINDSPLT supports various withdrawal and deposit methods, including cryptocurrencies (BTC, ETH, USDT), credit/debit cards, POLi payments, and bank transfers. Specific requirements are as follows:
- Cryptocurrency: Instant transfer, no minimum withdrawal amount, no fees.
- Credit/Debit Card: Instant transfer, no minimum withdrawal amount, no fees.
- POLi Payments: Instant transfer, no minimum withdrawal amount, no fees.
- Bank Transfer: 1-3 days for processing, minimum deposit of $1,000, no fees.
The platform states that all withdrawal requests will be processed within 1-2 business days, and international transfers may take 2-5 days.
Educational Resources and Agency Policy
MARKET MINDSPLT provides basic educational resources, including free e-books and trading academy courses. However, the platform does not disclose any agency cooperation policies.
Regulation and Legitimacy
The official site claims the operational entity is regulated by the Australian Securities and Investments Commission (ASIC) and the New Zealand Financial Markets Authority (FMA). The Australian registration ACN number is 127 606 348, and the regulation license number is 318232, while the New Zealand company registration number is 9429042567608, with license number 518226.
However, inquiries with the Australian and New Zealand company registration and financial regulatory institutions found no registration or regulation information related to MARKET MINDSPLT. In fact, the listed company and regulation information aligns completely with those of Axi broker, suggesting it might be copied.
Corporate Staff and Company Address
MARKET MINDSPLT does not disclose its team members, and no related corporate staff information can be found on the public network. The official site claims the company address is “36 - 38 Leadenhall Street, London, EC3A 1AT, United Kingdom,” but there is insufficient evidence to prove its actual operation at this address.
Platform Traffic and Design
According to Semrush data, the official site of MARKET MINDSPLT has a very low monthly average traffic, barely reaching 100 visits.
Additionally, the platform uses the same design template as several known scam platforms, such as Zenith Quatum Trade, Widget Max Trade, and MAXIFXPRO, which indicates it may be a mass-produced scam platform.
User Reviews and Brand Exposure
No user reviews or news about MARKET MINDSPLT can be found on the public network, making the platform's transparency and credibility even more questionable.
Contact Information and Social Media
MARKET MINDSPLT provides contact options such as WhatsApp (+1 747-350-5830) and email ([email protected]) but has not established any official accounts on mainstream social media like LinkedIn, Facebook, Instagram, Twitter, or YouTube, lacking interaction and communication with users.
Summary
Based on the information above, MARKET MINDSPLT has significant issues concerning its legitimacy and credibility. The company's details provided on its website do not match the registration information, potentially misleading users. The platform lacks actual regulatory information and company staff details, and it shares the same design template with several scam platforms.
Moreover, the platform's traffic is extremely low, and there are virtually no user reviews or brand exposure to confirm its actual operation. Investors should exercise high caution regarding this platform and avoid placing funds in it, especially considering its potential fraudulent behavior.
Risk Warning:
- False Company Background: The company's establishment date seriously mismatches its domain registration date, with misleading corporate details provided.
- Lack of Transparency: Unclear company staff and regulatory information, unable to verify the company's actual operations.
- High-Risk Account Conditions: The seemingly attractive trading conditions hide high risks with high leverage and low deposit requirements.
- Suspected Fraud: The website design template and platform features resemble multiple known scam platforms, presenting a high risk.
