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MarketCFD Review: Marketcfd.com Brutal Forex Scam

MarketCFD Review: Marketcfd.com Brutal Forex Scam

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MarketCFD (Marketcfd.com) is a brutal CFDs and Forex scam platform out to steal from investors who sign up. Market CFD is offering users over 1,000 assets across 4 classes, commodities, Forex, indices, and stocks. After receiving numerous email complaints from members, we decided to investigate. Why are members complaining? What’s happening with this broker? Our findings will shock most of you. Read this detailed and honest MARKETCFD review for more.

MarketCFD Review

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MarketCFD Review

Most of the members were complaining of being blocked from accessing their accounts. Once they started trading, withdrawing any wins or balance is a huge problem. Make sure to stay away from brokers who tend to stick with funds. Members are being given lame excuses as to why they can’t gain access to funds. Charles Pearson has a balance of over $9,000 which he can’t withdraw. MarketCFD tells him he has to pay back the bonus issued before gaining access to his funds.

These are purely professional scam artists who are openly stealing from investors. Why would a broker offer a bonus and later ask for it? Why are investors signing up with a shoddy broker to begin with? Most investors don’t conduct a thorough research before signing up. Joining any online investment platform should begin with a full investigation. Are they legitimate? Do they have a proven reputation? These are some of the hard questions investors brokers need to answer.

About MarketCFD

According to disclaimer at the footer of their homepage, this site is owned by Plus One Ltd. Plus One Ltd is apparently based in Estonia, this is according to what’s posted. Scam artists will do or say anything to ensure their platforms appear legit. In this case, they want MarketCFD appearing to be based in Europe. It’s likely this is an offshore broker who simply wants to trap European investors. Before signing up, make sure to go through this review as we expose their dirty secrets.

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Who are the founding members of this brokerage firm? Anonymity is a dangerous tool to associate with especially with funds being involved. What are the actual names of people running this platform? Since we don’t have actual names of people running this website, we remain fearful. Dealing with MarketCFD is financial suicide as we don’t know who is handling funds. Investors are depositing funds with an unknown third party. Market CFD is a high risk investment platform.

Is MarketCFD licensed or registered?

If this broker is based in Estonia, one would expect they be regulated by one of European’s regulatory bodies. Sadly, none of these well-known international regulatory bodies has licensed this broker. MarketCFD is operating under no license which makes them a hoax. Regulatory bodies we contacted include ASIC, COSNOB, CySEC, FCA, and NFA. These bodies confirmed they have NEVER licensed Market CFD. Investors are depositing funds to an unauthorized broker.

Where are any documents which proof they have been licensed? A real broker will post details of their licensing to prove authenticity. Why have these scam artists failed to do so? A good reason is they lack any credentials which can prove they are a valid entity. MarketCFD is operating under false a claim which is synonymous with scams. Dealing with such brokers is highly risky and leads to improper conduct. Investors are advised not to sign up with this ridiculous broker.

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Disadvantages of MarketCFD

Accounts Offered

MarketCFD Account Types

MarketCFD is furnishing users with six different account types. These account types are named Green, Silver, Gold, Platinum, VIP, and Black. All accounts come with a welcome bonus starting from 30% to 100%. Remember we mentioned about their bonuses. Bonuses are another well laid trap which investors are easily falling into. Just like Charles, withdrawing funds will be difficult as this broker will demand back their bonus. Other notable problems with their accounts have emerged.

One shocking issue with their accounts is how similar they are to each other. Why would investors deposit $100,000 and get same advantages as one who deposits $5,000? It certainly doesn’t look like a fair trading opportunity. These accounts also come with an account manager who disappears once deposits have been made. Before making any deposits, members are harassed by account managers to deposit funds. Members are promised a high payout once they deposit more funds. Stay away from Market CFD.

Demo Account

Did you know MarketCFD is rigging their demo account to produce over the moon results? Having opened a demo account with them, we noticed demo accounts make over 95% successful trades. This will never happen in the actual trading market. Ask any professional trader, such results are never going to be achieved. The market is always volatile and prices change without warning. Prices change due to unforeseen circumstances such as boardroom wars and politics.

Market CFD is rigging their demo account to fool users into believing they can mirror same results.  Most investors are opening accounts hoping to mirror results. Signing up with this broker will spell doom. These scam artists know how to entice investors into opening an account. Now you know what happens when you open an account with Market CFD.

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Are funds safe with MarketCFD?

Surely, funds can’t be safe from a broker who lacks valid trading credentials. How can funds be safe from a broker who is anonymous? Why have they failed to mention how they handle funds? Which is their depository bank partner? These are some of the hard questions we need answers to. Make sure to stay away from this broker as they offer nothing but trouble. Did you know users are depositing funds straight to owner’s bank account? Now you know what kind of a broker Market CFD is.

Another shocking issue is in regards to segregation of accounts. Merging assets in one account is risky and can lead to loses. Market CFD is pooling funds in one account which is extremely dangerous. Whoever signs up with this broker will most likely lose all their deposits. Market CFD does not insure funds as dictated by law. Simply stay away from this broker or else become their next victim.

Is MarketCFD a Scam?

Evidence clearly shows we are dealing with a scam. From lack of proper licensing to huge cries from members, MarketCFD is a total scam. Make sure to stay away from this broker.

Bottom line

MarketCFD Forex Broker Review

Adding this scam to our blacklist will aid in protecting our readers. Mark all their emails as Spam and never accept calls from their agents.

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Wishing you all the best in your trading experience.

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