MarshalFX Review – is it scam or safe?

MarshalFX Review  – Is marshalfx.com scam or safe forex broker?
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 Trading accounts and conditions

 

Account type Minimum deposit Minimum trade size Maximum leverage Average spreads
Standard None 1 lot 1:100 1 pips

 

MarshalFX provides just one type of live trading account, which we called “Standard” for convenience. The broker also provides a free demo account with up to $100 000 for testing purposes.


The broker offers trading in forex and CFDs on commodities.



The Company. Security of Funds


Company Country Regulation
Forex Trading Horizon UK No

 

MarshalFX is an unregulated broker. The information about it is rather scarce and we could not find customer reviews whatsoever. The broker does not have a presence in the social media either. On one hand no customer complaints is a good thing, but on the other, it seems as if the broker does not have many clients and we suggest you seek another, more known broker.


Either way, it is highly advisable to avoid unregulated brokers and choose properly supervised companies, like those by UK's FCA or the Australian Securities and Investment Commission (ASIC).



Trading platforms


Like most brokers across the world, MarshalFX offers MetaTrader 4 (MT4) as a trading platform. There is only the desktop and mobile version of the software. Unfortunately, the broker does not offer the web version, which can be used for trading without downloading and installing any software.


MT4 has been around for over 10 years and it seems its popularity is not waning, at least for the time being. It is user friendly, has many options, charting and analysis tools and allows hedging and automated trading. Perhaps eventually its successor MetaTrader 5 will replace it, as the developer MetaQuotes Software said it is stopping support for MT4 in order to focus its resources on MT5.



Methods of payment


We could not find any information about how MarshalFX's clients can fund their accounts. We find this rather strange, as this is essential information present at the sites of the vast majority of brokers. Most likely the info is given only to those who sign up for a real trading account.



Conclusion


First and foremost, MarshalFX is an unregulated broker, which is a significant drawback. Another minus is the scarce information about the company and this leaves the impression that it either has something to hide, or is rather unprofessional. Either of the two does not make it very attractive.


Pros Cons
MT4 Unregulated
  Scarce information
  Low leverage

 

Forex
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Spread

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Slippage

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Requotes

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Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

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Cons

 

 

Summary

Pros

Cons

 

 

Traders` reviews for MarshalFX Add review

Forex