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Marketbull is a misleading investment company. Once you head to their website, you can easily assume this is the next big thing in the industry. Unfortunately, this is far from the reality as the entity is a nasty Ponzi scheme. The first thing that you should check before depositing funds to any venture is whether they are regulated.Â
The platform was registered in 2021. Therefore, the firm lacks a trading history. They also do not attempt to provide trading results. The venture is trading cryptocurrencies, forex, futures, indices, and commodities. There is also no demo account.
The people that are running Marketbull are doing it anonymously. If this is a legit broker, they would not have a problem disclosing who they are and the qualification they possess in the investment sector. This is a firm that is surrounded by multiple risks. Turning a blind eye to any of the red flags is unwise.
The trading conditions of the entity may lure you into trading with a firm. Unregulated companies use this tactic to get more traffic and victims. They rarely deliver the results and end up exiting the industry when their customers least expect.
The entity is assuring customers of the safety of funds. However, the platform does not disclose the bank it uses to safeguard the money. The entity is also utilizing lucrative promotions to win more sales. There are also tutorials and articles that investors can check on to increase their trading knowledge.Â
However, we strongly doubt this data can be worth the take for the expert investors. Customer support is also available in over 16 languages. Marketbull has a personal assistant that will assist customers in every step of their trading. The broker states it secures customers against risks. Unfortunately, they do not reveal the mechanism or technique in use. Forex and other online assets are volatile.Â
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The company also manages the accounts of the clients. There is a referral program that promises more returns for the customers. You can never make money with an offshore broker. The entity has vast shortcomings.
Invest only with companies that have licenses from reputable regulators in the market. Here is a list of the legit forex trading entities that can help you get passive income.
The venture has an MT4. This is one of the best trading software in the market. It also does not come cheaply. The people that are behind this scam are loaded. The advertised leverage is 1:1000. The cap is risky and another proof this is an unregulated entity. The FCA only permits leverage of 1:30 to their customers.Â
The minimum amount to deposit at Marketbull is $1000. This is beyond the market standard. It is considering that there are legit firms that accept as low as $10. Moreover, there is no guarantee that investors are going to get their funds back.Â
You will join the company with the hope of earning passive income only to end up losing your future investment. You must stay away from this unverified entity. The venture is also using bonuses to attract more victims.
 Marketbull does not have a Terms and Conditions policy. Therefore, the platform can manipulate clients into giving them more money or disclosing charges it had not stated before. More genuine ventures in the market do not shy away from providing all the necessary data.Â
Sadly, this is an offshore entity that lacks a license. Market Bull Limited is the scheme that is behind this broker. We tried checking them online, but the parent company does not exist. The platform also brags it hails from the United Kingdom. However, they are not in the database of the FCA. Moreover, the FMA has blacklisted the broker for targeting Austrian citizens without a license. Luxembourg has also warned its citizens against investing with the entity.
Any investment firm that operates in the United Kingdom must have a license. This ensures that the citizens are protected against severe risks. Moreover, the platform must report its daily trading activities to the watchdog. Hence, price manipulation is not possible.Â
Marketbull is also not working with a top-tier 1 bank. Therefore, the funds of clients are not segregated. There is a high possibility that the inventor’s money will directly go to the con artists’ pockets. You cannot recover it from there. The registration form does not serve any use.Â
We recommend our clients to only deal with regulated companies. You are more secure with the ventures. They will only push their customers to unfavorable terms. Stay away from the broker.
The entity claims it has offices in the UK. It also has a phone number and an email address that clients can use to reach them easily. However, this is a generic address. This broker is illegally collecting funds from United Kingdom citizens.
If you try reaching this company, all the processes will hit a hard rock. Their phone will be deactivated. Customer support can get rude to the extent of harassing traders. Offshore firms do not mind the consequences of being unprofessional, as they can exit the industry whenever they want.
Despite Marketbull featuring stunning results, there is no single endorsement from their customers. The entity is only receiving praises from its marketers. Several misleading reviews promote this as a genuine investment company.Â
However, there is no proof of payment or evidence that these are the active customers of the broker. Hence, deciding to join the company is unwise and will leave a negative balance on your account. These get-rich-quick schemes do not survive in the industry.Â
Fund safety is the last thing that you should expect from Marketbull. The entity is only looking after itself. They are operating illegally. Moreover, the area’s regulatory bodies are collecting funds from have issued a warning against the venture.
Why would anyone want to proceed with such a nasty scheme? There are better organizations that understand the importance of running their business as per the government requirements.
Marketbull lacks a trading history. The only thing it has is the MT4. This does not change the fact this is a dangerous broker. There is also no proof that the entity is going to release your funds. The lack of a legal document is not a mistake that you will find legit investment firms lacking to avail. Â
Marketbull.co.uk is a company that has been in the market since January 2021. The domain name is expected to expire in 2023. The platform is determined to be in the industry in the coming years. The registrar of the firm is unknown. The entity is getting global traffic of 1,774,157. Unfortunately, we do not know the actual location of their clients.Â
Marketbull is on the blacklist of several regulatory bodies in Europe. Dealing with a venture that has such shortcomings is unwise. The entity will defraud clients and exit the market without minding the consequences. The platform also falsely claims to be operating in the UK legally.Â
Simple research can save you from making a big financial mistake. Double-check the data that the entity presents. Invest with some of the best leading forex trading entities in the market. These are genuine platforms that have been operating in the market for the longest time.Â
Does Marketbull have a history in trading?
No, this is a recent platform that lacks a good trading result.
Is Marketbull a legit platform?
This is an offshore entity without a license
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