Is MarketsInvest Legit or Scam?
Red flags fly high with MarketsInvest. While they portray themselves as a legitimate UK-based forex broker, a closer look reveals a concerning lack of regulation and a series of features that suggest this is a scam operation.
This Markets-Invest scam broker review will delve into the details and advise you to steer clear for your financial safety.
Company Overview
Feature | |
Regulation | None |
Minimum Deposit | €1 (credit/debit card), €200 (wire transfer) |
Trading Instruments | Forex, Commodities, Indices, Cryptocurrencies |
Spreads | EURUSD (2.5 pips), GBPUSD (5.5 pips), USDJPY (4.4 pips) |
Leverage | Up to 200:1 |
Services or Products
MarketsInvest offers forex trading with a variety of instruments. However, the lack of a legitimate license casts a dark shadow over the entire operation.
If you have lost money to companies like UniversalTrade, or AGX ZEN; please report it to us on our Report a Scam form.
Trading Platform & Leverages
The trading platform offered by MarketsInvest lacks credibility. Combined with allegedly unreliable charts, it raises serious doubts about the legitimacy of your trades. Additionally, the high leverage of 200:1 is risky, especially for beginners.
Spreads and Cost of Trading
The spreads offered by MarketsInvest are not competitive. While they claim free deposits and withdrawals, potential hidden fees and long processing times add to the concerns.
License and Regulations
This is where the biggest red flag appears. MarketsInvest does not hold any legitimate forex license. The Financial Conduct Authority (FCA) in the UK and the Financial Services and Markets Authority (FSMA) in Belgium have both publicly warned against them. Dealing with an unlicensed broker exposes you to significant risks.
Legal Warning Against MarketsInvest
The FSMA specifically identifies Markets-Invest as an unauthorized entity conducting illegal activities within Belgium. This is a major warning sign and should deter any potential investor.
Deposit and Withdrawal Methods
MarketsInvest accepts deposits via credit/debit cards and wire transfers. While they claim these transactions are free, be cautious of potential hidden fees and lengthy processing times.
MarketsInvest Pros and Cons
Pros | Cons |
None | No legitimate forex license |
| Â | Falsely claims registration in the UK |
| Â | FSMA warning |
| Â | No reliable trading software |
| Â | Unreliable broker |
Why Dealing With An Unlicensed Broker Is Risky
Unlicensed brokers operate outside the regulations that protect investors. This means:
- No guarantee of your funds’ safety: If MarketsInvest goes bankrupt, you may lose your entire investment.
- Unfair trading practices: Unlicensed brokers may manipulate prices or prevent you from withdrawing your funds.
- No recourse for complaints: If you have a problem with Markets-Invest, you will have no regulatory body to file a complaint with.
Client Feedback
There are no reliable client reviews available for MarketsInvest. This lack of transparency is another red flag.
How Can “Reviewsadvice” Help You If You Get Scammed?
Unfortunately, if you get scammed by MarketsInvest, getting your money back can be difficult. However, reviewing scam broker warnings like this one can help you avoid such situations in the future.
Also, our professionals can provide you with professional guidance and recovery service recommendations to help you recover the lost funds or You Can report to us today by the below form.Â
File A Complaint Against Scammers
Final Thought
MarketsInvest exhibits all the hallmarks of a scam broker. The lack of regulation, unreliable platform, and non-competitive spreads are major red flags. Do not risk your hard-earned money. Choose a reputable, licensed broker to ensure your financial safety and a fair trading experience.
