MarketsEU Forex Broker

Note: MarketsEU's official website - https://marketseufx.com/ is currently inaccessible normally. MarketsEU Review SummaryFounded/Registered Country/Region/RegulationNo regulationMarket InstrumentsForex, stocks, cryptocurrencies and commoditiesDemo Account/EUR/USD Spread/LeverageUp to 1:40Trading PlatformWeb-based platformMin Deposit$250Customer SupportEmail: support@marketseu.comMarketsEU Information MarketsEU is a brokerage company who currently does not maintain functional website that we can only get limited information about this company on the Internet. The broker offers trading services for forex, commodities, cryptos and stocks, with a high minimum deposit of $250. However, the broker currently operates without any valid regulation, implying possible less compliance to industry and customer protection. What's worse, there's resources from Internet that the broker is labeled as fraudulent brokers by FSMA (Financial Services and Markets Authority) and CYSEC (Cyprus Securities and Exchange Commission), indicating possible scam activities. Thus, we strongly recommend you to stay away with such unreliable brokers.Pros and ConsPros Cons Diverse tradable assetsInaccessible websiteMultiple account typesNo regulationLabeled as fraudulent by FSMA, CySECNo MT4/5High minimum depositInactivity fees chargedLimited contact channelsIs MarketsEU Legit? Regulation is a crucial aspect of evaluating the legitimacy and reliability of a brokerage firm, and in the case of MarketsEU, the broker operates without any valid regulatory oversight. The absence of a regulatory framework raises huge concerns regarding the broker's adherence to industry standards, financial transparency, and the protection of client interests.What Can I Trade on MarketsEU? MarketsEU mainly offers trading in 4 asset classes:Tradable Instruments Supported Forex✔Commodities✔Stocks✔Cryptocurrencies✔Indices❌Bonds❌Otions❌ETFs❌Account Type MarketsEU claims to offer 5 types of live trading accounts - Basic, Silver, Gold, VIP and Diamond, with minimum initial deposit requirements of $250, $10,000, $25,000, $50,000 and $100,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.Account TypeMin DepositBasic$250Silver$10,000Gold$25,000VIP$50,000Diamond$100,000 Other key info like spread and commissions are absent, requiring direct communication with the broker to get the lastest figures to calculate trading costs in advance.Leverage MarketsEU offers varying leverage levels for different accounts:Account TypeMax Leverage Basic 1:10Silver 1:20Gold 1:30VIP1:40Diamond 1:40 We always suggest you to use leverage prudently due to significantly amplified losses at the same time as gains.Trading Platform MarketsEU offers a web-based trading platform with simplistic interface and the most basic functions. Advanced features like automated trading, charting tools and analysis from the industry-leading MT4/5 are not available.Trading PlatformSupported Available Devices Suitable for Web-based✔//MT4❌/BeginnersMT5❌Windows, Android, WebTrader, iOSExperienced tradersDeposit and Withdrawal MarketsEU allows Bitcoin wallet,credit card or bank transfer as payment methods. Nevertheless, it's notable that Bitcoin payment will incur a processing fee of €31.25 and a blockchain fee of €8.15.Bonuses and Fees MarketsEU claims to offer a bonus, which varies depending on the account type.Account TypeBonusBasic50%Silver75%Gold100%VIP150%Diamond In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds and fulfilling the heavy requirements usually requires difficult tasks. Apart from the withdrawal fee, there is also an annual maintenance fee of $30 which will be charged for trading accounts that stay inactive for over 12 months.