Is MarketsCG legit?

By Jed, from Australia, May 6, 2020 at 02:36 AM

MarketsCG is a worldwide brand committed to your trading experience. The website is owned and operated by SpeedTrading Ltd, a company incorporated by the laws of Saint Vincent, with registration number 25702 BC, with registered address of Suite 305, Griffith Corporate Centre, Saint Vincent.

Answer: Hi Jed,

MarketsCG is an unregulated offshore broker. The broker is owned and operated by Conaltech Ltd, a company incorporated by the laws of Saint Vincent and the Grenadines. We usually advise to avoid offshore brokers, especially those registered in Saint Vincent and the Grenadines as St. Vincent and the Grenadines’ Financial Services Authority does not regulate forex trading.

Besides this offshore registration the broker does not hold any license and is not allowed to offer financial services.

You can check our list of the Regulated Brokers and choose one that would fit your needs.

6 responses to “Is MarketsCG legit?”

  1. Do you have anymore information on this company Marketscg? I am 1 of many victims of this rogue company and am planning on taking out a civil law suit against them?
    Any information would be greatly appreciated.

  2. Good afternoon,

    I am having major difficulties trying to resolve my account.

    It won’t allow me to change my password. I need it to then get my investment back, so I was told by Dan. As a retiree I went beyond my means for this. Marketing was exceptional in getting me to agree. But I realise I can’t.

    Dan advised I needed to contact customer support for assistance.

    Please advise what comes next in this process.

    Thank you

    Bryan Foster

  3. Hi I currently have an account with MarketsCG and it seems to be going OK so far and showing profit but I am feeling very uncomfortable about the whole thing. Can ANYONE fully verify that this program is a scam? I have scoured the internet for answers to this and cant get a straight answer anywhere.

    How can I find out if other people have lost money with this site?

    • your account shows profit , mine did to . they asked me iff i wanted to invest more,i said no.they immediately stopped trading my funds . and i am trying to get my starting investment of $250 back. but it is highly unlikely this will happen . they just ignore you.

  4. DONOT TRADE with company they will promise you the world but when you want to withdraw or close your account NO REPLEY.I invested $500.00 and was hounded for 2/3 weeks to increase my investment when I declined to and asked to close my account all contact STOPPED. Was promised that a person from finance dept. would make contact but NO Reply.
    Both John Brice Snr Accounts Manager & Thomas Edwards sales rep are both liars & SCAMERS or total thieves STAY WELL AWAY FROM ALL DEALINGS WITH THIS MOB OF CROOKS

  5. I am a victim of the MarketSCG broker.
    I have started to invest with them in Sep 2020 where they were in contact with me until I downloaded the provided software. Then they contacted me a couple of weeks later to inform me that I have gained good profit and asked me if I want to increase my equity. I am glad I did not add more money as I figured out they are scammed when I realized they took of more than $200 of my account. One time I had connected with one agent through the chat who told me that my account was inactive for two months and their policy to charge $99 per month for no activity. Since ever I am trying to contact them but no answer over the phone nor email. They disconnected their phone numbers. I also figured out they use fake address which is attached to a place in Caribbean islands while they alleged they operate in UK.

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