Thinking of getting into trading on Markets Global? Here is what you must know about this broker. Carefully read this review to find out if marketsglobal.com is the trading platform you will want to trade with.
Table of Contents
About Markets Global Broker
Markets Global is an offshore brokerage company with a lot of promises for traders. Here, the broker presents us with an address — 1 Canada Square, London E14 5AA, United Kingdom.
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Markets Global claims to provide 24/7 trader’s support, zero commission and no extra charges or spreads.
Here are the different account types —- Silver, Gold, Platinum, Diamond and Corporate.
In spite the trading instruments Markets Global claims to offer, traders must know they are dealing with an unknown broker whose regulation claim is false.
marketsglobal.com: Reasons to Avoid This Broker
marketsglobal.com is a platform with no financial authority overseeing its financial services. The regulation claim is not legit as no financial regulator recognize Markets Global.
Another red flag we noticed on marketsglobal.com is that there is no demo account for traders. If traders can’t test the broker on a free account, how then can we know its viability in the forex market.
Since this broker does not offer money back guarantee, trading on Markets Global is clearly a risk. This is a con for forex traders to avoid losing money with this broker.
Withdrawal and Deposit
Withdrawal process
Markets Global withdrawal fee for Wire transfer is $5oo and for Debit/Credit cards is $100.
Minimum Deposit
The minimum deposit of Markets Global is indicated as $250 on the platform. On the account option, the broker mentioned $10,00o as the minimum deposit.
The payment methods are Debit/Credit card and Wire transfer. However, you should not consider making any payment with this broker because it is a risk. Beware!
Markets Global Platform
Markets Global offers a web based trading software. The refusal to make use of industry standard such as MT4 or MT5 that are widely accepted for trading is one of the reasons you should avoid this broker.
The broker does not have a recommended leverage as it can get to 1:400. We advise you don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
In spite the attractive offers Markets Global broker presents, we can’t find a free account for traders to test the platform before considering a deposit.
Markets Global Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under FCA regulation that means your money is at risk. Its licensed and regulation claims are false and must be avoided.
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Conclusion: Is marketsglobal.com a Reliable Broker?
marketsglobal.com does not seem like a reliable broker for traders even though it promises offers that look good to be true.
The broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
Because we have taken it as a duty to review forex brokers and also share reasons, we do not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.