Makor Group Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
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It took a long time until I found Makor Group. I have been trying so many options in the forex market cuz I was more into speed and instant execution. That is what I found with them and their awesome technical team. Thank you, guys.
Summary: The Makor Group has garnered mixed reviews in the forex trading community. While it offers a range of trading services and claims a focus on institutional clients, concerns regarding its regulatory status and user experiences have raised red flags. Key findings include its unregulated status and a lack of popular trading platforms like MT4 or MT5.
Note: It's crucial to recognize that Makor Group operates under different entities across regions, which may affect the services and regulations applicable to clients. This review aims to provide a fair and accurate overview based on available information.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 4 |
| Trading Setup (Experience) | 5 |
| Trustworthiness | 3 |
| User Experience | 4 |
We rate brokers based on a comprehensive analysis of user feedback, expert opinions, and factual data.
Founded in 2011, Makor Group is an international brokerage firm headquartered in London, UK. The company specializes in providing bespoke execution and advisory services primarily to institutional investors across various asset classes, including forex, fixed income, and equities. However, it does not support popular trading platforms such as MetaTrader 4 or MetaTrader 5. Regulatory oversight is a significant concern, as the group operates under an investment advisory license rather than a forex trading license, raising questions about its legitimacy in the forex market.
Makor Group primarily operates in the United Kingdom, where it holds an investment advisory license from the Financial Conduct Authority (FCA). However, this license does not cover forex trading activities, which has led to warnings from various review platforms regarding its regulatory status. For example, WikiFX rates the broker poorly due to its unregulated status in the forex market, indicating a medium potential risk for clients.
The specific currencies for deposits and withdrawals were not clearly detailed in the available reviews. However, it is essential for potential clients to inquire directly with the broker to understand the available options and any associated fees.
Information regarding the minimum deposit required to open an account with Makor Group is sparse. This lack of transparency is a concern for potential clients, as it may lead to unexpected costs or barriers to entry.
Makor Group does not appear to offer any bonuses or promotional incentives for new clients, which is a common practice among many forex brokers. This absence of incentives may deter some traders looking for added value when opening an account.
Makor Group provides access to various financial instruments, including forex, contracts for difference (CFDs), commodities, and indices. However, the lack of a well-known trading platform like MT4 or MT5 could limit the trading experience for many users who prefer these widely used tools.
The specific costs associated with trading on the Makor Group platform remain unclear, with no detailed information provided on spreads, fees, or commissions. This lack of transparency can be a significant drawback for traders who prioritize cost-effectiveness in their trading strategy.
Information regarding the leverage offered by Makor Group is not readily available in the sources reviewed. Traders should verify this information directly with the broker to understand the potential risks and rewards involved.
Makor Group does not support popular trading platforms such as MT4 or MT5, which are widely favored by traders for their advanced features and user-friendly interfaces. This limitation could be a significant disadvantage for users accustomed to these platforms.
The reviews did not specify any restricted regions for Makor Group, but potential clients should be aware that regulatory requirements may vary by country. It is advisable to check local regulations before engaging with the broker.
The available customer service languages were not explicitly mentioned in the reviewed sources. However, given its international presence, it is likely that English is a primary language of communication. Prospective clients should confirm this with the broker.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 4 |
| Trading Setup (Experience) | 5 |
| Trustworthiness | 3 |
| User Experience | 4 |
Account Conditions: The absence of clear information regarding minimum deposits and account types raises concerns about the accessibility of Makor Group's services for retail traders. This lack of transparency contributes to a lower rating.
Tools and Resources: While the broker offers various trading services, the absence of popular platforms like MT4 or MT5 limits the tools available to traders, impacting their overall experience.
Customer Service and Support: Reviews indicate that customer service may not be as responsive as traders would like, contributing to a lower rating in this category.
Trading Setup (Experience): Although the trading experience may be satisfactory for institutional clients, the lack of popular trading platforms could deter retail traders.
Trustworthiness: The unregulated status of Makor Group in the forex market raises significant concerns about its trustworthiness, leading to a low score in this area.
User Experience: Overall user experiences appear mixed, with some users expressing concerns about the lack of regulatory oversight and clarity in account conditions.
In conclusion, the Makor Group presents a complex picture for potential traders. While it offers a range of services, the concerns surrounding its regulatory status and user experience warrant careful consideration. As always, potential clients should conduct thorough research and consider their trading needs before engaging with any broker.
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