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Marquet Capital Review - is it scam or safe?

Marquet Capital review - Is marquetcapital.com scam or good forex broker?

RATING: 1 / 0 REVIEWS Marquet Capital
Marquet Capital is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


Marquet Capital is an offshore broker operated by two companies based in Belize and the Marshal Islands. Unfortunately the broker is not regulated and that significantly lowers its credibility.

 

Trading account  Min. deposit Max. leverage Spread

Mini Account

n/a 1:100 n/a
Standard Account n/a 1:100 n/a
VIP Account n/a 1:100 n/a

 

Marquet Capital Advantages:

 

Various asset classes

 

One possible advantage about Marquet Capital is the variety of trading instruments, ranging from forex pairs and CFDs on  indices, commodities and stocks to a selection of crypto CFDs on coins like Bitcoin, Bitcoin Cash, Dash, Litecoin, Ripple, Ethereum and Ethereum Classic. Still, if you want to trade crypto assets you may also check our list of brokers offering bitcoin CFDs:

 

>>Bitcoin Forex Brokers<<

 

Leverage of up to 1:100

 

Leverage as high as 1:100 is perfectly enough to fit even the most aggressive trading strategy. But since leverage levels were caped on many regulated markets like the European Union and the US, in a coordinated effort to reduce investment risks, currently traders can still enjoy higher leverage only with offshore brokers or brokers, regulated in Australia. Here you may also check our list of Australia regulated brokers:

 

>>Brokers regulated in Australia<<

 

Marquet Capital Disadvantages:

 

No license 

 

Marquet Capital is operated by Golden Axe Capital Limited, which is based in  Belize, but all payments are processed by Golden Axe Capital Limited, another company registered on the Marshall Islands. 

 

And although the local  Financial Services Commission (IFSC) in Belize does regulate forex and CFD brokers, neither Marquet Capital, nor the  Golden Axe Capital Limited are licensed there.

 

In any case the Belize regulation is deemed “light” as the minimum paid up capital requirement for locally registered brokers is just 100 000 USD, compared with 730 000 EUR in operational capital for all brokers regulated in the European Union.

 

That is the reason our best advise is to trade only with brokers, holding legit licenses from well known institutions such as the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC).

 

And besides, if you choose to trade with a FCA broker, your account will even be insured for up to 85 000 GBP, so here you may check our list of brokers regulated in the UK:

 

>>FCA Regulated Forex Brokers<<

 

Trading bonuses and unusual withdraw conditions

 

Marquet Capital offers welcoming and loyalty trading bonuses of between 30% and 100% depending on the account type. And while at first sight this might seem as good news, in reality this is just a trap for gullible investors. 

 

Be aware that all trading bonuses come with additional withdraw conditions. For example with Marquet Capital you will have to trade the bonus plus your deposit at least 30 times before you will be able to withdraw.

 

On top of that Marquet Capital says they are “not committed to any time frame”, regarding the withdraw process and that is also disturbing.

 

No demo account available

 

We were not able to open a demo account with Marquet Capital and that is why we can not comment on their spreads. Still, have in mind that spreads are considered attractive only if they start below 1,5 pips with a standard account. Here you may also check our list of brokers offering tighter spreads:

 

>> Lowest spread forex brokers<<

 

No information about the payment methods

 

Most brokers accept payments with major cards like VISA and MasterCard, bank wire and various e-wallets like NetellerSkrill and PayPal. And at some brokers you can pay with crypto coins as well. Unfortunately Marquet Capital does not tell us in their presentation what payment methods do they accept, so here you may check our list of brokers accepting payments with bitcoins:

 

>>Forex Brokers Accepting Bitcoin<<

 

No information about Marquet Capital minimum deposit requirement

 

To support your open positions you will have to invest a certain amount of cash. With most brokers the minimum deposit requirement is about 250 USD, but some big brokers like FBS and IG do not have a minimum deposit requirement at all. 

 

Conclusion:

 

Marquet Capital is an offshore broker and our general advise is to avoid such brokers altogether, because they are simply not accountable for the way they handle your funds. On the contrary, brokers regulated by the FCA in the UK, ASIC in Australia and CySEC in Cyprus are reliable, because of the strict regulatory regimes they are subject to.

Latest news about Marquet Capital
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Traders` reviews for Marquet Capital

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