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.

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