Is Markets.Online a scam or a legit broker?

It is not safe to trade with Markets.Online, because it is an unregulated broker. In addition, the company has been suspected to be a fraud. While we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.

About Markets.Online
🗺️ Registered inBulgaria
🗺️ Type of LicenseNo License
🛡️ Is Markets.Online safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerGO Markets - licensed by ASIC in Australia

Markets.Online is a new player in the online trading industry as providing its services since 2017, yet claims already their thousands of professional and amateur clients from all around the world. The broker offers to trade on over 300 asset pairs with exclusive low spreads (Low Spreads Forex Brokers), high leverages(Also see forex brokers with high leverage) and dedicated education with support. However, the broker is a trading name of the company established in Bulgaria Bankxi Ltd, which is not regulated by any international authority or by the local, Bulgarian regulator to deliver its service legally.

Markets.Online Review

Therefore the Markets.Online trading and investment can be considered as extremely risky due to its non-authorized performance. In many cases, the companies with no license are simply a scam, that targets a huge number of traders to their rows and then simply take of their funds. Often, the broker would find thousands of reasons why the money can’t be withdrawn or the trader himself will face some loss operations while trading. Since none of the authorities require the broker to report every position and action done, the company can easily manipulate by trades to their own benefit.

Conclusion

For that reason, we do not advise trading with Markets. Online, even though yet there are no “cruel” stories revealed from their traders, yet it is at high risk to invest based on trust to words only. It is much smarter to choose among reputable companies that conduct their business model according to the international Forex standards of operation that are designed with a purpose to protect the client at every stage of trading. E.g. ASIC Regulated Brokers or FCA Regulated Brokers maintain functionality and additional benefits to their clients that are fully authorized.

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