In this review, we will describe why MarketCFD is a scam that you should avoid at all cost !
Is MarketCFD Legit?
Looking at MarketCFD website, it shows that they are owned by Plus One Ltd. Plus One Ltd is located in Estonia, a well-known offshore zone and a preferred location for shady brokerage. MarketCFD is an unregulated broker. Problem with unregulated brokers is that they are not reliable and abuse the regulations. Make sure to stay away from this broker as they are anonymous and that they can disappear any time without notice.
To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this brokerage firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why MarketCFD is a dangerous broker to deal with.
Are Funds Safe with MarketCFD ?
With such lack of information and MarketCFD being unregulated, funds are not safe. Security of funds is a huge problem with unregulated brokers. A red flag that we noticed is MarketCFD is withholding vital information to users.
MarketCFD could go bankrupt from one day to another since there are no banking information about this broker.
MarketCFD Review: our Conclusion!
MarketCFD is an unregulated broker to avoid at all cost. If you have been scammed, check out our ChargeBack process here or get a Free Consultation by a team of expert by clicking here.
3 thoughts on “MarketCFD Review”
Just wondering as my mate got scummed by them on 450€ if You could do something for him. He doesn’t speak good English that’s why I’m contacting You in his behalf
MarketCFD scammed my parents. They do not respect EU law giving customers 14 days cool off period for internet purchases. They put a lot of pressure on my parents to increase the funds and were very “helpful” in getting it done fast. It has been 4 months since we informed them my parents are not willing to continue to the registration (my parents got scared it is a scam when Market CFD demanded a sample of a signature as on the bank card) – they have been delaying the process since and keep charging my parents for “keeping money on their account”). People do not speak local languages fluently and i wander do they really not understand so not answer or is this a tactic to avoid answering inconvenient questions.
Also, their board or management info is highly protected. If you check any of the professional websites it seems noone works for them at all. The chat window person or any other contact person is not providing an info where more senior contacts can be found.
I’m victim of MarketCFD. I pay them as deposit £2500. From 24th July I’ve been working with them and my account £4969, but thy tell me I have 0 and ask me pay today more £800 or I will lose all money. About my deposit they are refused back to me. I have all transactions in my bank account. Can you give me advice please. Thank you.