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Motion Markets (motion-markets.com) is not your average cup of tea. The broker fails to understand the basics of trading. Every trader needs to withdraw; that’s the essence of liquidity investing. Our motions-markets.com review will expose the red flags found on this platform. The broker also offers unfair trading conditions and fails to get regulators’ licenses. Here’s our complete MOTION MARKETS REVIEW.
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Why would traders sign up with Motion Markets? For one, the broker does come up with an enticing website. The aesthetics alone would lead many to sign up. It looks professional to the naked eye.
Motion Markets claims to be a multi-asset class, online trading broker. The liquidity provider further stresses having ties with other professional traders. In fact, the broker claims this platform’s founders are trading experts.
You will notice the broker fails to mention any names. The broker claims they are inspired to think differently and offer the best liquidity. Motion-markets.com wants to open the doors for just about anyone to start trading with them.
All these are empty promises, with the broker failing to offer much security. You won’t find any guarantees of the safety of funds. The broker also lacks a valid license to operate. And that means a lack of regulatory framework within the whole setting.
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As an investor, you must dig deeper when engaging with a broker for the first time. Doing due diligence helps members make a smart move in deciding the way forward. In addition, you must ensure the broker is outright accountable and transparent.
Your funds are far from safe with this broker. Motion Markets fails to offer any insurance coverage. An example of covered insurance deposits is for brokers regulated by the Financial Conduct Authority.
Members who sign up with an FCA-Regulated broker enjoy an insurance cover of £85,000. However, other regulators ensure brokers segregate funds using top Tier 1 banks. And that means no member can access these funds for personal use.
That’s not the case with motion-markets.com. The website doesn’t offer any layer of protection from third-party attacks. You don’t get DDoS protection or SSL encryption. And that means putting your funds at risk from third parties.
The broker also fails to mention the terms and conditions of use. For example, you won’t see any deposit ad withdrawal conditions. The broker also fails to mention any client disputes resolution center or how to solve them.
After the broker entices naïve traders to sign up, the con game begins. You will choose a trading account and immediately get a deposit pop-up message. Members are to deposit funds depending on the minimum acceptable requirement of the selected account.
You can then start trading and enjoying the perks with the set conditions. However, the moment you want to withdraw funds, that’s when the broker shows their true colors. You won’t get a dime from the broker.
And that’s why we have to expose the platform. Attempts to reach out and get a response from the broker hit a wall. You won’t get any answer as the broker goes dark. As a result, most members give up or lodge complaints with regulators.
The final nail in the coffin is the broker blocking access to your account. There’s no way you can get access to your account. And that’s how the broker gets to steal your hard-earned money. We have to put an end to such brokers.
There are five accounts to choose from with the Motion Markets trading platform. These include Basic, Standard, Professional, Elite, and VIP accounts. Each of these accounts has something different to offer to traders.
Here’s a closer look at each of these accounts;
Basic
The minimum acceptable deposit with this account is $250. Leverage starts at 1:100, with members getting limited trading assets. The broker promises standard SSL security protocols without mentioning types of spreads.
Standard
You have to deposit a minimum of $10,000 to get started. After that, the leverage increases as the broker sets it at 1:200. Notable features include one-on-one trading sessions with an expert and a 10 percent upgrade bonus.
Professional
The professional account has a minimum acceptable deposit of $50,000. It has a maximum leverage of 1:500. Members get arbitrage trading and OTC offers. You also get access to VIP trades and an upgrade bonus of 15 percent.
Elite
It’s one of the two exclusive or top-tier accounts on the platform. Interested traders must part with $250,000 as the minimum deposit. Some of the account features include a dedicated wealth manager and getting a fixed return account.
VIP
The most exclusive account of them all. Members must deposit $1 million to get started with this account. You have to contact the manager for more about this product. The broker also targets institutional investors with the VIP tier.
Leverage is one of the red flags we spotted with these accounts. The broker is putting your trading position at risk with such high leverage. Regulators agree on a maximum leverage of 1:100 for most trading assets.
There’s also an ICO offering on top-tier accounts. But, unfortunately, the broker fails to give members meaningful details of the ICO. So you won’t see the One Pager or Whitepaper of the ICO project.
Does the broker offer fixed or variable spreads? Such information should be available when choosing which account to go for. It is no surprise, as the broker takes advantage of changing spreads using backend access.
You have to download the web trader to access available trading instruments. And these instruments are five classes in total. Their web trader is abysmal compared to the world-class MT4 and MT5 platforms.
There are no technical analysis tools, and the timeframe is way below standards. You can’t also use automated robots as the web trader doesn’t allow it. The web trader is also slow at executing trades.
There’s a reason why brokers go for MT4 and MT5 trading terminals. The advantages of using them include faster backtesting and allowing a depth of market functionality. You also get the chance to trade more instruments.
As indicated earlier, Motion Markets fails to get a valid license from regulators. Therefore, we recommend signing up with regulators who adhere to the rigid legal framework. An unregulated broker is terrible news to members.
Before signing up with any broker, check if they are regulated in your jurisdiction. Some reputable regulators include ASIC, BaFIN, CNMV, CONSOB, CySEC, FCA, and the SEC.
The best you can do is file a complaint with regulators. But unfortunately, recovery agents will find it hard to recover funds from such a broker. So it’s best to stay away from this platform.
Please stay away from Motion Markets or risk becoming their next victim. Unfortunately, the broker doesn’t offer much in terms of security. There’s no legal framework followed, and the conditions are abysmal.
NB: These are the best crypto investment options to go for.
Do leave a comment or email us with any queries.
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