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MarketBullish Review - is it scam or safe?

MarketBullish Review - is mbdirect.trade scam or good forex broker?

RATING: 1 / 1 REVIEWS MarketBullish
MarketBullish is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


Trading Accounts and Conditions

 

Trading account Min. deposit Min. trade size Max. leverage Spread
Classic  $10  0.01 1:500 from 1.3 pips
Amanah  $100 0.01 1:500 from 1.3 pips
Platinum  $1 000 0.01 1:500 from 0 pips + commission

 

MarketBullish is an unregulated forex and CFD broker that offers the above trading account types. While the trading conditions announced on the broker’s website are not bad, we have a lot of concerns regarding MarketBullish and don’t recommend it. Read on to understand why.

 

 

MarketBullish Advantages

 

MT5 available

If a forex broker allows you to access the global financial markets via MetaTrader4 or MetaTrader5, that is always a good thing. The MT5 is a multi-asset trading platform that allows you to deal in forex and exchange-traded stocks form the same account type. Furthermore, it has kept most of the praised features of its predecessor: the top-notch charting, the support for automated trading via EAs and more.

 

 

>> Check out the best MT5 brokers here <<

 

 

Up to 1:500 in leverage

While this may actually be a negative for newbies in forex, some professional traders like having the ability to use high leverage ratios. MarketBullish provides leverage levels as high as 1:500, which will suit all trading styles.

 

Yet, make sure you are well-acquainted with the principles of margin trading before using leverage levels that high, otherwise you may lose more than you have deposited in a matter of seconds.

 

Multiple assets to trade

MarketBullish’s offer is very broad in terms of assets available for trade. Its clients can trade in more than 60 currency pairs, as well as CFDs on a number of assets: commodities, indies, stocks, precious metals and cryptocurrencies. The latter group includes Bitcoin, Bitcoin Cash, Bitcoin Gold, Dash, Ethereum, Ethereum Classic, Litecoin, Monero, Ripple and Enigma.

 

That being said, if you are into cryptos, MarketBullish is not the best choice possible. You’d better select a major crypto exchange or a reliable broker for trading in digital currencies.

 

 

>> Our recommended brokers offering Bitcoin trading <<

 

 

MarketBullish Disadvantages

 

Not regulated, related to a shady company

MarketBullish is allegedly owned and operated by MB Alliance LLC, a company registered in the Republic of Georgia. Although the broker claims to be fully regulated, this is not true, as there aren’t any specific regulations for forex and CFD brokers in Georgia.

 

Financial regulation is crucial in the world of trading. Investing with a regulated broker provides significant assurances for the safety of your funds and for the protection of you interests as a client of a licensed entity. On the contrary, if you choose to deal with an unregulated company like MarketBullish, the safety of your investment depends solely on the will of the people behind it. That being said, most unregulated brokers are involved in different types of financial frauds.

 

That being said, MarketBullish might just as well be one of those. The downloadable MT5 of the broker is in fact provided by TFB Limited, a shady company with bad reputation associated with TradingFloorFX  and CaesarTrade.

 

 

MarketBullish's MT5, provided by TFB Limited. Click to zoom in

 

Unfavorable clauses in the Client agreement

We always read the Terms and Conditions and other documents presented by forex brokers, as sometimes there are some pretty nasty things written in small print. In the case of MarketBullish, we found out that the broker applies some extra fees if a client files a charge back with the credit card company. More specifically, the broker charges a 150 USD “research fee”, as well as some administrative fee of 150 USD in case the charge back request is not accepted.

 

 

Conclusion

 

MarketBullish is a MT5 forex broker that operates without a valid license. This is the main reason why we don’t recommend it, together with the fact that it seems related to TFB Limited – a dubious company whose name is associated with forex and investment scams.

 

In order to avoid becoming the next victim of financial frauds, make sure you only invest with reliable and well-regulated brokers. Some of the safest jurisdictions for trading forex are those in Europe, and more specifically brokers licensed by UK’s Financial Conduct Authority (FCA) or Cyprus’ CySEC.

 

 

>> Wanna trade with a FCA-regulated broker? <<

 

 

To sum up the strong and weak sides of MarketBullish:

 

Pros Cons
MT5 supported Not licensed, related to a shady company
High leverage Extra fees applied (for chargeback
Many CFDs available, including on cryptos  

 

Latest news about MarketBullish
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Traders` reviews for MarketBullish

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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Summary

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Admin make a BIG MISTAKE

Hello....

I think admin from forexbrokerz.com has been make a BIG MISTAKE.
I just try to create a demo account and that a really different with what admin said.

Please click and check this link: http://i64.tinypic.com/2j5ga3a.jpg

On that image that not show TFB limited but show MB Alliance LLC.

Marex 12/18/2018
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