Markets Cube Review
Reason to avoid: Offshore license
Listed Date: October 16, 2018
Top 3 Regulated Forex Brokers
Beware Markets Cube is a Non-Regulated broker. It is NOT SAFE to trade.
- Company name: Prisma Global LTD/PayOpt Services LTD
- Registration/license: Marshall Islands/Cyprus
- Registration/license requirement: USD 2,000
Markets Cube is a Forex and CFDs broker, owned and operated by Prisma Global LTD, incorporated in the Marshall Islands – one of the popular offshore destinations for unregulated brokers. There is one more company behind the brand’s name – PayOpt Services LTD, whose registered address is in Limassol, Cyprus provides all payments processing services to Prisma Global LTD. The broker doesn’t provide any offices location info as well as the regulation details. Seems like it is one more offshore-based forex broker that has no license and trading with such entity can only bring a lot of troubles for the investors.
One more reason to stay away from Markets Cube is the warning that was issued by Spain’s regulator CNMV:
“Prisma Global LTD www.marketscube.com is not authorized to provide the investment services, which include investment advice, or to provide the auxiliary services in relation to the financial instruments, including, for those purposes, foreign currency transactions.”
As regulation is one of the most important things while choosing a broker, we recommend checking those regulated by reputable financial authorities such as ASIC in Australia, FCA in the UK or CySec in Cyprus. Check the list of the ASIC-regulated brokers.