Today, we will examine an unusual forex broker that actively advertises itself through fake positive reviews on the internet. This is Northern Markets — a little-known company with elements and signs of a scam. The platform only attempts to appear profitable and safe, but in reality, it is not. And here’s why.
Table of Contents
Highlights
| 🏛️ Country | — |
| ⚠️ Regulation | — |
| 🖥️ Website | thenorthernmarkets.com |
| 🎲 Demo Account | No |
| ⏳ Start Time | 2024 |
| 💲 Minimum Deposit | $250 |
| ⚖️ Minimum and Maximum Leverage | 1:400 |
| ⚙️ Trading Platform | — |
| support@northernmarkets.email | |
| 📞 Phone | — |
First Impression of Thenorthernmarkets.com
As always, we start by examining the official website, but here we were in for a surprise. Upon opening the Northern Markets website, we are redirected to the login window. At the time of writing this review, the company does not allow access to the site to study the terms, broker activities, or other aspects. How can a broker offer its services if it doesn’t have a proper website? Does any legitimate and well-known forex company operate this way? No, every serious organization, such as Oanda or IG, has all its information openly available. It’s easy to study it, but here the platform’s management has simply restricted access.
To find any information about Northern Markets, one has to crawl the internet and piece together data from different sources. This is a serious red flag. There are several reviews online describing the company’s trading conditions, but they lack the most important details: legal information, licenses, and the duration of operation.
Judging by screenshots from third-party sources, the official website looks generic. The top menu, where the main sections are located, stock images, cliched phrases, and meaningless texts. In general, it is impossible to conduct a thorough examination of the platform’s website — it’s not available.
Partnership and Bonuses
The company has its own YouTube channel. From one video, we learned that Northern Markets offers a referral program to its clients. For each referred partner, the trader will receive 10% of their deposits, which will be automatically credited to the account, with a maximum reward of $25,000 per client. Invited users, in turn, will receive a 5% cashback on all their deposits if they register via the referral link.
The affiliate program here works a bit unusually. Instead of paying partners commissions or spreads, like large brokers such as IG Group or OANDA, the company pays 10% of the deposits made by their referrals. These bonuses are paid directly for the deposited funds, not for trading activity.
Account Opening on Thenorthernmarkets.com
Since the official website is unavailable, let’s try registering an account. Fortunately, this option is available to all users. So, to create a personal cabinet on Northern Markets, one must provide a name, country, phone number, email, and password. Additionally, you must check a box agreeing to the documents and confirm that you are not a citizen of any country with which the company does not work: the USA, Germany, and France. However, it is impossible to read the user agreement, as opening the document redirects you again to the login page. How can you agree to something you haven’t seen?
After entering all the required information, you need to click on “Send Request”. That’s where it ends. The system displays a message: “We have received your request, see you soon!” Nothing else can be done. Based on this, users will have to wait until Northern Markets managers process their request. It turns out registration is also closed here, meaning you won’t be able to see what the personal cabinet looks like or gather any useful information. This is another issue and, of course, a negative sign for the broker.
Verification
There is no information about verification. We didn’t find any details about KYC in third-party sources. Whether there is verification at all; whether it’s mandatory, what is required for it, how long the verification takes, and whether personal data is stored safely all remain a mystery. Northern Markets has no separate document outlining the AML & KYC policy.
- None.
- There is no AML&KYC policy.
- There is no information about verification: processing time and document requirements.
Trading Software
We can only learn about the Northern Markets platform through screenshots and information available from third-party sources or YouTube — their trading terminal is intuitive and compatible with various devices. Nothing more. There is no information about the available instruments, options, and features, nor are there links to mobile applications.
In one of the YouTube videos, we saw what their software looks like — a basic WebTrader with fundamental options:
- Technical analysis.
- Indicators.
- Different timeframes and types of charts.
- Limit orders.
These are basic features found in every terminal. How does their platform differ, for example, from the popular MetaTrader or cTrader? Traders cannot upload advisors for automated trading or their own indicators for their trading strategy. Important features such as order book and depth of market are also missing. So, Northern Markets offers a regular terminal without advanced settings and without mobile/desktop applications. There’s not even a demo account.
| Features | Northern Markets | TradersHome | Forexeze |
|---|---|---|---|
| Demo Account | ❌ | ❌ | ❌ |
| Mobile App | ❌ | ✔️ | ✔️ |
| Own Development | ❌ | ❌ | ❌ |
How Can I Trade With Northern Markets?
The company offers CFD trading on major asset classes: forex, stocks, indices, commodities, cryptocurrencies, ETFs, and metals. The broker has also developed several pricing plans, which we will review now.
All Info About Accounts
So, Northern Markets offers six types of accounts:
- Basic with a minimum deposit of $250. For beginners, with basic tools and educational resources.
- Advanced starting from $10,000. Enhanced tools and in-depth market analysis.
- Pro from $25,000 and above. Tighter spreads and additional strategies.
- Elite starting from $50,000. Personalized mentoring and premium resources.
- Prime — no less than $100,000. Increased leverage and priority support.
- Platinum VIP support and minimal spreads, from $250,000 and above.
The minimum deposit requirements are outrageous. While the first plan is still somewhat reasonable, $250 is still quite high, and the second plan and beyond require massive deposits. It’s worth mentioning that there is no demo account or cent account type available. So, it’s impossible to try the platform without risking real money.
Moreover, Northern Markets does not disclose the leverage amounts; claims to have zero commissions, and spreads starting from 0 pips. It sounds great, but we need to look deeper. If there are no commissions and spreads are extremely tight, how does the platform make money? A broker earns income from the commissions paid by traders, but there are no commissions here. It turns out the firm makes its profit differently: from customer losses. If a user loses money, the broker gains. This is a conflict of interest. The project operates under a dealing desk business model, which is very risky for traders. The platform is directly incentivized to make users unprofitable.
- None.
- No demo or cent account.
- $250 is a high starting deposit.
- Northern Markets make money when their clients lose money.
Market Analysis and Education With Thenorthernmarkets.com
The company promises educational materials for beginners and useful resources for traders, such as strategy development, analytics, and live webinar sessions from broker managers. Northern Markets also has its own YouTube channel, but there is very little activity there, and the content quality is low — no advanced analysis, recommendations, or market insights.
Deposit, Withdrawal, and Fees
Payment methods for deposits and withdrawals are not disclosed. Additionally, the broker doesn’t mention anything about transaction fees or how long it takes to process withdrawal requests. As a reminder, the website is unavailable, as is the personal cabinet, and this information is not found in third-party sources.
| Features | Northern Markets | FxRevenues | Park Financial Consulting LTD |
|---|---|---|---|
| Debit/Credit Cards | ❌ | ✔️ | ✔️ |
| Electronic Payments | ❌ | ❌ | ❌ |
| Crypto Transfers | ❌ | ✔️ | ✔️ |
| Deposit Fee | ❌ | ❌ | ❌ |
| Withdrawal Fee | ❌ | ❌ | ❌ |
How Can I Contact It?
Northern Markets offers only one way of contact — email. There is no live chat, nor a phone number. We checked the email, and it does indeed exist. However, the fact that only email is available clearly demonstrates the company’s lack of seriousness.
- Email is available.
- There is no phone or online chat.
Is Northern Markets Dangerous?
The broker appears very suspicious. Just take a look at their official website, which is literally inaccessible to users. It’s hard to believe that a serious broker would shut down its website and promote itself through fake reviews online and a YouTube channel. Nevertheless, we will still examine important details regarding the platform’s activities and operational duration in order to issue a verdict.
How Long Does The Broker Work?
Northern Markets is merely trying to present itself as an experienced forex broker with many years of operation. We can prove that this project was launched quite recently. First, the first video on their YouTube channel appeared 3 months ago. Second, the company has two domain names for some reason: northernmarkets.com and thenorthernmarkets.com. The first was purchased in late November of 2024, but it is no longer available. The second, thenorthernmarkets.com, was registered on January 28, 2025. Apparently, the first site received many complaints, so the scammers created a second one. The platform started actively operating at the end of 2024 — this is the actual length of time the firm has been in business.
Additionally, we found several more red flags with Northern Markets. They purchased the domain for exactly one year, while serious companies that plan to operate long-term typically buy their domains several years in advance.
The information about the domain owner is hidden through a privacy protection service (Contact Privacy Inc.). On one of the websites that checks domain ratings, the Trustscore is 22 out of 100, indicating a low reputation. And lastly, thenorthernmarkets.com has a low traffic score, meaning it is not popular among users. Either there are no clients here, or very few.
How Is Northern Markets Regulated?
We cannot verify the license because we don’t even know where this company is registered. In any case, if this were a legitimate broker, it would display its regulatory information prominently. A trustworthy and reputable company always provides licensing details, the length of time in business, legal information, financial reports, and other data. None of this is available here — the platform operates illegally.
| Features | Northern Markets | Grossfield Limited | High BTC Stock |
|---|---|---|---|
| European Zone | ❌ | ❌ | ❌ |
| Asian Zone | ❌ | ❌ | ❌ |
| American Zone | ❌ | ❌ | ❌ |
| African Zone | ❌ | ❌ | ❌ |
| Offshore | ❌ | ❌ | ❌ |
What's wrong with the official Northern Markets website?
Is Northern Markets Legit?
How Risky Is It?
Kevin Berry Northern Markets is using some fraudulent scheme to attract naïve traders and deceive them. It’s unlikely that a legitimate company would intentionally block its website from the public view — only dishonest and dangerous firms do that. This project has launched an active online advertising campaign with fake positive comments and articles — never trust them. Let them first officially register their platform and then obtain a license. Until those guarantees are in place, there’s no reason to consider cooperating with this scam broker.
rating
1 review
I am 100% certain this is a scam. It’s just a guarantee that if you invest any money here, you will lose it. Scammers deceive people in various ways, and this is obvious. I couldn’t find a license, they have no guarantees of reliability whatsoever. Don’t trust positive reviews, don’t communicate with fraudsters on the phone if they call you. And remember, Northern Markets is a fake broker. It doesn’t exist. This is a regular fraudulent trap.