Marketfxm Review: All the Lies Behind This Scam Broker
his Marketfxm review will break this fraudulent trader’s disguise, and show you why you should not trust them. This article is listing all the inconsistencies and lies of this financial fraudster. These are techniques that are common in cyber fraud, and that’s the reason why you should read this article with your full attention.
Also, by reading it, you will learn who to trust, and how to pick a reliable broker!
|27 Old Gloucester Street, London, WC1N 3AX, United Kingdom
|+44 203 989 3325
|Deposit bonus, Credit back bonus, Refer a friend bonus
|Financial Conduct Authority (FCA)
Regulation of Marketfxm and Fund Security
One of the things we see more and more often is that scam broker companies put their fictional address in the United Kingdom. And whenever we search the Financial Conduct Authority register, which is the official financial regulator for the UK, we never find these fraudsters’ names. This is a common thing for offshore brokers.
When it comes to Marketfxm, things are even worse, because the FCA issued a warning about this trader. Firms that are offering, promoting, or selling financial services or products in the UK, should be authorized or registered by the FCA. Since Marketfxm does not have authorization of that sort, this financial entity is warning the citizens to be wary.
This means Marketfxm is unauthorized and performs all of its activities completely illegally. That’s the biggest signal you can get to run away as far as possible from this investment scam. Always check if your intermediary is licensed or not.
Overview of the Marketfxm Trading Platform
Marketfxm claims to be using MetaTrader 4, MetaTrader 5, and MetaTrader Web Trader. The issue here is that MetaTrader 4 on offer is a stock version of the platform that anyone can download from the MetaQuotes website. This means there is no way to trade with the broker on it. This is a usual thing for offshore traders. They use manipulative software to deceive the users they are trading.
If you are getting tired of Marketfxm and other financial swindlers that are unscrupulously scamming people, stay focused. We have for you several high-rated trader companies that are reliable, and successfully handle their users’ money.
Deposit and Withdrawal at Marketfxm
The minimum deposit at Marketfxm is 200$, which is not terrible. But we have to note that many trustworthy intermediaries set a minimum deposit at 10$, which is twenty times lower. Financial scammers tend to set a high amount of minimum deposit since they are counting on customers finding out about their fraud. So, they try to squeeze out as many funds as possible.
When it comes to funding, Marketfxm has various methods available, such as:
In reality, the only available option is wire transfers. In this case, once the payment is accepted, the transfer can hardly be reversed. Be careful who you use wire transfers with.
Offshore intermediaries take high withdrawal fees. On the contrary, legitimate traders do not. Withdrawal fees are seen as a thing of the past. However, if they ever charge you it is either very nominal or incurred by third parties like payment processors.
Also, when you ask to withdraw some of your funds, you will be surprised by minimum trading volume requirements that are almost impossible to meet.
Marketfxm Provides Bonuses and Promotions
Marketfxm allegedly provides a lot of benefits for their customers, such as:
- Deposit bonus
- Credit back bonus
- Refer a friend bonus
However, these bonuses are strictly made for luring new customers into their scams. Scam brokers can change these bonus rules whenever they please. As you have already realized by now, they don’t undergo any laws or moral rules. They are unscrupulous, and the moment you deposit your money, it is stolen.
How the Scheme Was Implemented
This well-organized scheme is being operated by a network of experienced scammers. Once you leave your phone number, they will call you constantly until you agree to deposit your money. These dishonest people are aware that it is a matter of time until you realize they are scamming you.
Once their fraud is exposed, they just think of a new name, create a website, and start their operation once again. Cyber fraudsters will never disappear, that’s why you need to go with trustworthy traders, which you will find later in the text.
- 5-10 sentences at least
Marketfxm is allegedly a UK-based company that got warned by the official UK financial regulator. The FCA issued a warning about this broker because they aren’t authorized for providing the services they offer. This means your money is completely unsafe. Also, Marketfxm doesn’t have a functional trading platform, meaning your money will go straight into scammers’ pockets. We advise you not to go with this company!
FAQs About Marketfxm Broker
Is It Safe to Trade on Marketfxm?
It is completely unsafe to trade on Marketfxm, since this is an unlicensed broker, and the FCA blacklisted this trader.
Can I Open A Demo Account with Marketfxm?
Demo accounts are benefits that reliable traders offer, which Marketfxtm isn’t. They are a fraud.
What Is The Funding Method of Marketfxm?
Marketfxm allegedly provides credit and debit cards, wire transfers, Skrill, Neteller, PayPal, Google Pay, and Bitcoin. In reality, the online available option is Wire transfers.