Energy Markets has been flagged by Comisión para el Mercado Financiero (Financial Market Commission) for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I trusted Energy Markets with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Multi-device support|Easy withdrawals|Two-factor authentication|Portfolio tracking tools
Cons: Some tools only available on higher tiers|Minimum deposit could be lower
I was about to invest with Energy Markets but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Comisión para el Mercado Financiero (Financial... has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Not registered with regulators|Unrealistic promises
I closed a profitable position at Energy Markets and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Quick verification|Great customer service|Intuitive for beginners|Detailed reporting
Cons: No dark mode on mobile
I have been trying to close my account with Energy Markets for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Market news feed|Copy trading available|Economic calendar|API access
Cons: Currency conversion fee exists|Cannot customize dashboard fully
If you are reading this considering Energy Markets - run. I wish I had read more negative reviews based on a colleague's recommendation. I thought the positive ones were real. Maybe some are. My experience over since I retired last year has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Easy to use platform|Quick verification
Cons: Onboarding videos are outdated
Tried to withdraw my funds from Energy Markets and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized