CIPHER TRADE MARKETS

CIPHER TRADE MARKETS is a trading entity registered in the United Kingdom, with a registered address in Great Neck, New York, USA. The company was founded on October 20, 2025, making it a very recently established broker. As of the time of this review, it holds no known regulatory licenses from any financial authority.

The broker offers four distinct account tiers: BASIC (minimum deposit $3,000), STANDARD ($25,000), BEGINNER ($100), and TEST ($500). The maximum leverage for these accounts is not disclosed. The specific instruments available for trading have not been listed in available records.

CIPHER TRADE MARKETS does not appear on any public register of regulated financial services providers. The absence of regulatory oversight means that traders have no recourse to a financial ombudsman or compensation scheme. The broker's address in the United States, while its registration is in the United Kingdom, adds a layer of jurisdictional ambiguity.

Given the lack of regulation and the relatively high minimum deposits for some account types, traders should exercise extreme caution. The elevated FXCanary Scam Risk Score of 57/100 reflects these concerns.

The broker provides four account options: BEGINNER ($100 minimum), TEST ($500), BASIC ($3,000), and STANDARD ($25,000). The wide range suggests an attempt to cater to different capital levels, though the absence of leverage details makes it difficult to assess the trading conditions.

No additional features such as spreads, commissions, or platform access are specified. The account structure is typical of retail forex brokers, but the lack of transparency is a red flag.

The registered company name is CIPHER TRADE MARKETS, with an official website at ciphertrademarkets.com. The business address is 11 GRACE AVENUE, STE 108, GREAT NECK, NEW YORK, 11021, USA. The country of registration is the United Kingdom, though no company registration number or regulatory ID is provided.

The broker's recent founding date (2025) and the mismatch between its UK registration and US address are points of concern for trader verification.

With minimum deposits ranging from $100 to $25,000, CIPHER TRADE MARKETS appears to target both retail traders and higher-net-worth individuals. The 'TEST' account at $500 may be an attempt to attract traders who want to trial the platform.

However, without regulatory oversight or verifiable track record, this broker is not suitable for conservative traders or those new to forex trading. The high minimum deposits for BASIC and STANDARD tiers further limit accessibility.