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Markets Trading Review - is it scam or safe?

Markets Trading Review - is markets-trading.com scam or good forex broker?

RATING: 0.5 / 0 REVIEWS
Markets Trading is an offshore broker. Your money is not safe.

 

Trading Accounts & Conditions

 

Account type

Min. deposit

Min. lot size

Max. leverage

Spreads

Micro

$250.00

0.01

1:200

Fixed

Standard

$5 000

0.01

1:200

Fixed

Platinum

$25 000

0.01

1:500

Fixed/Variable

Premium

$50 000

0.01

1:1000

Fixed/Variable


Markets Trading is a forex and CFD broker that offers the above account types. It seems that most of them offer fixed spreads and are commission free, but trading costs are not disclosed. Besides, the broker does not offer free demo accounts.

 

 

Markets Trading Advantages

 

High leverage levels

This is the only good thing we could say about Markets Trading – an unregulated broker that seems quite dubious, but claims to provide high leverage levels. Although leverage is a bit controversial aspect of forex trading, having the option to use high ratios is nice.

 

Find a better broker offering high leverage levels by clicking the link below.

 

 

>> Brokers offering at least 1:500 in leverage <<

 

 

Markets Trading Disadvantages

 

Not regulated, FCA warning

Markets Trading is owned and operated by Markets Trading LTD, a company registered in the UK with operational address in the Netherlands. However, the firm is not licensed by UK’s financial regulator. What is worse, the FCA has issued a warning against Markets Trading, as the broker illegally targets residents of the UK. Some companies who provide financial services in the UK without authorization run investment scams and it seems that Markets Trading might be one of them.

 

Lots of negative reviews

As we we did our due diligence research on Markets Trading, we found a number of negative user reviews in various forex forums and sites. Most of the people say they have been sweet-talked into depositing more and more, after which they could not reach the broker’s representatives. So, you’d better stay away from Markets Trading.

 

Poor presentation

The website of Markets Trading does not inform the broker’s (potentia) clients of two things of utter importance: its trading costs and the platform it uses.

 

The cost of trading of a forex broker is an important criterion. All decent brokers provide clear information about their spreads and commission fees, while Markets Trading has only specified the typr of spread it offers on various account types (fixed and variable).

 

MT4 platform not available, no demo accounts

According to the information on its website, Markets Trading offers an “innovative and user-friendly platform", but it does not say which one, and it is certainly not available for download.

 

Obviously, this broker does not support the industry’s standard MetaTrader 4 platform, which we always consider as a disadvantage. The MT4 is preferred by most traders due to its solid charting, built-in technical analysis indicators, wide range of automated strategies (Expert Advisors), as well as customization options. We suggest that you choose a reliable MT4 broker instead of loosing your time and money with scammers like Markets Trading.

 

 

    >> Find a good MT4 broker <<

 

 

Comparatively high initial deposit required

Markets Trading requires $250 from traders to open a Micro account. Although such minimum initial deposit is not that high, we consider it a bit too much. The reason for this is that this broker is not regulated and seems like a scam. Most likely, if you deposit with Markets Trading, you will never get your money back, let alone potential profit.

 

 

Conclusion

 

Markets Trading is forex and CFD broker whose presentation is rather poor: it does not disclose its spreads, nor the trading platform it uses. One cannot test its services, as it does not offer free demo accounts. What is worse, this broker is not regulated and appears to be one of the many companies running investment scams. The UK’s FCA has warned the public against doing business with Markets Trading, as it is not authorized to provide financial services in the UK. Besides, many clients of this broker have shared their negative experiences with this broker. That is why we strongly advise you to avoid Markets Trading and any other unregulated broker. It is better to select a forex broker licensed by a reputable authority, such as UK’s FCA, Cyprus’s CySEC or Australia’s ASIC, which impose strict rules and see to their compliance.

 

 

>>FCA-regulated forex brokers <<

 

 

Here are the strong and weak sides of Markets Trading:

 

Pros

Cons

High leverage levels

Not regulated, most likely a scam

 

Poor presentation

 

MT4 not available

 

Comparatively high initial deposit

 

No demo accounts

 

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Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

Traders` reviews for Markets Trading

Forex
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