Updated on January 15, 2024
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In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding MarketTM due to the issues we've identified.
Is MarketTM Scam or Legit Broker? ▲
MarketTM emerges as a Forex brokerage entity lacking any credible regulatory safeguards, rendering it a highly precarious option for traders. Our extensive evaluation reveals that MarketTM operates without legitimate authorization or registration, casting significant doubt on its operational integrity. This absence of regulatory oversight suggests that MarketTM might engage in its business activities from an undisclosed location, which raises red flags regarding its legitimacy and the safety of trading with them.
MarketTM represents itself as a Forex trading brokerage, purportedly operated by MarketTM Ltd from a nebulous location. The brokerage fails to provide critical information such as its physical address or details concerning regulatory compliance on its website. It merely mentions FT Global Services Ltd, a payment service provider based in London, United Kingdom, within its documentation. The terms and conditions imply jurisdiction in the Marshall Islands, yet conspicuously lack any concrete regulatory details. This glaring omission of registration and licensing information, particularly in jurisdictions known for stringent financial regulations like the UK or the Marshall Islands, is alarming and suggests a lack of transparency and accountability.
Our comprehensive review strongly advises against engaging with MarketTM for trading activities. It is of utmost importance for traders to partner with brokers that are subject to rigorous regulatory standards enforced by reputable authorities. Such regulation ensures adherence to essential rules and provides a measure of reputation based on the broker's operational history. We recommend seeking out brokers regulated by esteemed entities, such as the UK's Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC), which are known for their strict compliance requirements and protective measures for traders. Engaging with brokers that lack such regulation, like MarketTM, poses significant risks to traders' investments and overall trading experience.
Recent findings from our ongoing research indicate that MarketTM's website is no longer accessible, signaling potential operational discontinuation. This development further underscores the importance of ensuring the safety of funds in the Forex market. Given the lack of transparency and regulatory compliance demonstrated by MarketTM, we strongly urge traders to steer clear of any offers or engagements with this broker. The priority should always be to safeguard one's financial assets by opting for brokers with a proven track record of reliability and regulatory adherence.
When considering alternatives, brokers like Interactive Brokers, City Index, and AvaTrade stand out. They not only offer the security of stringent regulation but also bring to the table comprehensive trading solutions that can meet the needs of both novice and seasoned traders.
MarketTM Review 2024
