English

Marketbrokers Forex broker specializes in providing foreign exchange trading services, the company's official website https://client.marke..., the company's legitimate regulatory information CyprusCYSECMarket Maker (MM) to enhance the security of the company's address

Marketbrokers Forex Broker

Basic Information

Registered Region

Cyprus

Operating Period

Company Name

Ten Barosh

Abbreviation

Marketbrokers

Company employee

Customer Service Email Address

info@marketbrokers.com

Contact Number

*7979 028 3622 6602

Company Website

https://marketbrokers.com/en

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Clone Firm Cyprus

High potential risk

Company profile

Aspect Information Company Name Marketbrokers Registered Country/Area Cyprus Founded year 2018 Regulation CSEC(Clone Firm) Minimum Deposit $250 Maximum Leverage N/A Spreads N/A Trading Platforms MT4 Account Types PLATINUM,GOLD,SILVER,Standard Customer Support Email(info@marketbrokers.com);Phone:*7979 028 3622 6602 What is Marketbrokers？ Marketbrokers is a broker that claims to be regulated by CSEC. However, this regulation is a clone. Their official website is inaccessible. Client can contact them via phone and email. If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics. Pros & Cons Pros Cons N/A CSEC(Clone Firm) Website Inaccessibility High Risk Pros: N/A Cons: CSEC (Clone Firm): Marketbrokers operates as a Clone Firm, which raises significant issues about its legitimacy and regulatory compliance. Clone firms often impersonate legitimate entities to deceive traders, potentially exposing them to fraudulent activities and financial risks. Website Inaccessibility: Users may encounter difficulties accessing Marketbrokers' website, hindering their ability to obtain crucial information, execute trades, or access their accounts. Website inaccessibility can disrupt the trading experience and impact users' ability to make informed decisions. High Risk: The Clone Firm status of Marketbrokers inherently poses a high level of risk for traders. Without proper regulation and oversight, traders may face challenges in safeguarding their investments and financial interests. It's essential for traders to exercise caution and conduct thorough due diligence before engaging with Marketbrokers to mitigate potential risks. Is Marketbrokers Safe or a Scam？ Marketbrokers, purportedly regulated by the Cyprus Securities and Exchange Commission, currently holds a status of a “Clone Firm,” operating under the license type of Market Making (MM). However, it's crucial for traders to exercise caution as the regulatory status of a clone firm raises significant worries regarding its legitimacy and adherence to regulatory standards. Clone firms often impersonate legitimate entities to deceive traders, potentially exposing them to fraudulent activities and financial risks. Accounts Marketbrokers offers multiple account types tailored to suit various trading preferences and experience levels. The Platinum account, requiring a minimum deposit of $25,000, is designed for experienced traders or high-net-worth individuals seeking premium features and benefits. With tighter spreads and potentially higher leverage, the Platinum account provides advanced trading capabilities suitable for professionals aiming for larger investment volumes and more significant potential returns. The Gold account, requiring a minimum deposit of $6,500, caters to traders with intermediate experience levels or those looking for a balance between features and affordability. With moderate deposit requirements and competitive spreads, the Gold account offers a suitable option for traders seeking enhanced trading conditions without the commitment of a Platinum account. The Silver account, with a minimum deposit of $2,500, is tailored for novice traders or those with limited initial capital. Offering accessible entry requirements and standard trading conditions, the Silver account provides a suitable starting point for individuals looking to explore the world of online trading and gain experience in financial markets. Lastly, the Standard account, requiring a minimum deposit of $250, caters to beginners or casual traders interested in dipping their toes into trading with minimal financial commitment. With straightforward features and standard trading conditions, the Standard account offers an accessible option for individuals looking to start trading without significant initial investment. Trading Platform Marketbrokers offers the MT4 trading platform, a widely recognized and popular platform among traders globally. MT4, developed by MetaQuotes Software, is renowned for its user-friendly interface, advanced charting tools, and customizable features. The platform also supports automated trading with the use of Expert Advisors (EAs) and allows for backtesting strategies. Customer Service Marketbrokers offers customer support through various channels. Traders can reach out to the support team via phone, with an English contact number provided as +7979 028 3622 6602. Additionally, users can contact Marketbrokers via email atinfo@marketbrokers.comfor inquiries and assistance. Conclusion In conclusion, Marketbrokers presents a trading platform with certain advantages and disadvantages. On the positive side, its use of the MT4 trading platform offers familiarity and access to a wide range of financial instruments, providing traders with opportunities for diverse investment strategies. Additionally, the availability of customer support through phone and email channels enhances accessibility for users seeking assistance or clarification. However, Marketbrokers' status as a Clone Firm and the associated lack of regulatory oversight pose significant risks for traders. This ambiguity regarding its legitimacy and compliance may deter potential users and raise issues about the safety and security of investments. Frequently Asked Questions (FAQs) Q 1: Is Marketbrokers regulated by any financial authority？ A 1: No, Marketbrokers operates as a Clone Firm without regulatory oversight. Q 2: How can I contact the customer support team at Marketbrokers？ A 2: You can contact via email: info@marketbrokers.com Exposure Marketbrokers has faced exposure to several concerning incidents, including reports of users being unable to withdraw funds, experiencing account insecurity, and encountering frozen funds. These occurrences highlight potential issues within the platform that can significantly impact traders' confidence and financial security. Users have expressed frustration and dissatisfaction due to difficulties accessing their funds, unauthorized account activity, and unexplained deductions. Such exposure undermines trust in Marketbrokers and influences trading on the platform by discouraging potential users and raising doubts about the reliability and integrity of its services.

Marketbrokers broker review

Is Marketbrokers safe or scam

Rating Index

PLATINUM

Minimum Deposit

$25,000

GOLD

Minimum Deposit

$6,500

Marketbrokers Forex Broker - Complete Information Guide

1. Broker Overview

　　Marketbrokers is a forex brokerage firm established in 2019. The company is headquartered in Cyprus and operates primarily in the online trading sector, offering services to retail clients across various markets. As a private entity, Marketbrokers focuses on providing trading solutions for individual traders, leveraging technology to enhance the trading experience.

　　Since its inception, Marketbrokers has aimed to cater to a diverse clientele, including novice and experienced traders looking for access to global financial markets. The firm has developed a reputation for its user-friendly trading platform and a range of account options tailored to different trading needs.

　　Marketbrokers operates under the business model of retail forex trading, providing clients with access to various financial instruments, including currency pairs, commodities, and indices. The firm distinguishes itself by offering competitive trading conditions and a seamless trading experience.

2. Regulatory and Compliance Information

　　Marketbrokers is regulated by the Cyprus Securities and Exchange Commission (CySEC), which is responsible for overseeing financial services in Cyprus. The regulatory license number is 362/18, ensuring that the broker adheres to the necessary compliance standards set forth by the authority.

　　The firms regulatory license is effective for conducting trading operations within the European Union, providing a level of security for clients regarding their investments. Marketbrokers implements strict Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to ensure compliance with international regulations.

　　Client funds are held in segregated accounts, ensuring that they are protected and separate from the company's operational funds. This practice is a standard requirement for regulated brokers and is crucial for maintaining investor confidence. Additionally, Marketbrokers participates in an investor compensation fund, which offers further protection to clients in the event of the broker's insolvency.

3. Trading Products and Services

　　Marketbrokers offers a comprehensive range of trading products, including over 50 currency pairs, covering major, minor, and exotic currencies. In addition to forex, the broker provides CFD products across various categories, including indices, commodities, stocks, and cryptocurrencies.

　　The broker regularly updates its product offerings, introducing new instruments based on market demand and trends. Retail trading services are robust, catering to individual traders with various strategies, while institutional clients can also access tailored solutions.

　　Marketbrokers does not currently offer white-label solutions or asset management services, focusing instead on providing a streamlined trading experience for its clients. The firm emphasizes the importance of market research and analysis, providing traders with tools and resources to enhance their trading strategies.

4. Trading Platforms and Technology

　　Marketbrokers supports the MetaTrader 4 (MT4) trading platform, known for its user-friendly interface and advanced trading tools. The platform is compatible with desktop, mobile, and web-based applications, making it accessible to a wide range of users.

　　The MT4 platform allows for automated trading through expert advisors (EAs) and offers various technical indicators and charting tools. However, Marketbrokers does not offer a proprietary trading platform, relying instead on the established MT4 system.

　　The broker's technical infrastructure includes servers located in France and India, ensuring fast execution speeds and reliable service. Marketbrokers provides API access for clients interested in algorithmic trading, enhancing the trading experience for more advanced users.

5. Account Types and Trading Conditions

　　Marketbrokers offers several account types to cater to different trading preferences and investment levels. The account types include:

Standard Account: Minimum deposit of $250, with spreads starting from 2.0 pips.
Silver Account: Minimum deposit of $2,500, offering tighter spreads and additional features.
Gold Account: Minimum deposit of $6,500, providing even lower spreads and enhanced services.
Platinum Account: Minimum deposit of $25,000, with the best trading conditions available.

　　The broker provides a demo account for new traders to practice their strategies without financial risk. Leverage ratios vary depending on the account type, with a common maximum leverage of 1:400. The minimum trade size is 0.01 lots, allowing for flexible trading options.

　　Marketbrokers has a transparent overnight fees policy, ensuring that clients are informed about any costs associated with holding positions overnight.

6. Fund Management

　　Marketbrokers supports multiple deposit methods, including bank transfers, credit cards, and e-wallets. The minimum deposit requirement varies by account type, making it accessible for a wide range of investors.

　　Deposit processing times are generally quick, with most transactions being completed within 24 hours. However, clients should be aware of any potential deposit fees, which may apply depending on the payment method used.

　　Withdrawal options include the same methods as deposits, with specific limits and processing times that clients need to consider. Withdrawal requests are typically processed within 3-5 business days, although delays can occur during peak periods or due to verification processes.

　　Marketbrokers maintains a transparent fee structure for withdrawals, ensuring that clients are fully aware of any associated costs before initiating a withdrawal.

7. Customer Support and Educational Resources

　　Marketbrokers provides customer support through various channels, including phone, email, and live chat. The support team is available during business hours, covering multiple time zones to assist clients effectively.

　　The broker offers support in several languages, including English, Spanish, and Chinese, catering to its diverse client base. Educational resources are available, including webinars, tutorials, and e-books, designed to help traders enhance their skills and knowledge.

　　Additionally, Marketbrokers provides market analysis services, including daily reports and news updates, to keep clients informed about market trends and opportunities. Trading tools such as calculators and economic calendars are also available to assist traders in making informed decisions.

8. Regional Coverage and Restrictions

　　Marketbrokers primarily serves clients in Europe, Asia, and Africa, with a focus on providing access to global financial markets. The broker has established a presence in various regions, allowing it to cater to a broad spectrum of clients.

　　However, Marketbrokers does not accept clients from certain jurisdictions, including the United States, Canada, and Australia, due to regulatory restrictions. It is essential for potential clients to check their local regulations before opening an account with the broker.

　　In summary, Marketbrokers positions itself as a reliable forex broker offering a range of trading products and services, supported by a robust regulatory framework and a commitment to client education and support. With a focus on providing a user-friendly trading experience, Marketbrokers aims to meet the diverse needs of its clients in the ever-evolving financial landscape.

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