MarketCFD Forex Broker

Note: MarketCFD's official website - https://www.marketcfd.com is currently inaccessible normally.MarketCFD Review SummaryFounded2019Registered Country/RegionEstoniaRegulationUnregulatedMarket InstrumentsForex, CFDsDemo Account❌LeverageUp to 1:200Spread/Trading PlatformWebMin Deposit$250Customer SupportTel: +77273122401, +74993503986Email: support@marketcfd.com MarketCFD was registered in Estonia in 2019 and is not regulated. It offers six types of accounts, with a maximum leverage of 1:200. The minimum deposit to open a live account is as high as $250.Pros and ConsPros Cons Various account typesUnavailable websiteMultiple payment optionsUnregulated statusLimited tradable assetsNo demo accountsVarious feesNo MT4/5High minimum depositLong withdrawal processing timeIs MarketCFD Legit? No, MarketCFD is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.What Can I Trade on MarketCFD?Tradable Instruments Supported Forex✔CFDs✔Commodities❌Indices❌Stocks❌Cryptocurrencies❌Bonds❌Options❌ETFs❌Account TypeAccount TypeMin DepositGreen$250Silver$2,500Gold$5,000Platinum$10,000VIP$20,000Black$100,000Leverage MarketCFD offers leverage up to 1:200 for all account types, which can potentially bring high returns, but it also comes with high risks.MarketCFD Fees First there is a 3.5% Withdraw Fee, which can never be less than 50 USD. And than you have a Profit Clearance Fee, which varies between 1,5 USD and 5 USD per trade, and also a monthly Maintenance Fee of 20 USD. In addition, you have something called Verification Fee of 75 USD, which will be charged every month in case you have not verified your identity.Withdrawal Fee3.5%, minimum $50Profit Clearance Fee$1.5-$5 per tradeMonthly Maintenance Fee$20Verification Fee$75 per month if identity is not verifiedTrading PlatformTrading PlatformSupported Available Devices Suitable for Web✔Web/MT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal MarketCFD says to accept payments with major cards like VISA and MasterCard, bank wire, PaySafeCard, and various e-wallets like Neteller, Skrill, WebMoney, QIWI Wallet, Yandex Money and AstroPay. MarketCFD states that they require 15 business days to approve your withdrawal request, and an additional 15 business days to process the withdrawal.