Marketrocks Review and Website Analysis

Marketrocks claims to provide all the tools for trading to their clients. Not all brokerage companies are good: judging by reviews, most of them are scams. Today we will figure out whether this company is reliable and worth investing in.

Brief Overview

• 🖥Official Website: https://marketrocks.com/
• ✈️Contact Address: no
• 📞Customer Support: [email protected], +448000488474
• 🔐Licensing and Accreditation: M.I.S.A.
• ⏳Track Record: 2023
• 🧰Specialization: trading
• 🤝Terms of Cooperation: leverage to 1:200, deposit from $2,500
• 💰Additional Services: no

Marketrocks.com Examination

The website suggests that it belongs to a young, newly established company. The “Who We Are” section is empty: there are no names of Marketrocks founders or any statistics. Looking at the website’s founding date, the theory of its recent existence is confirmed. Its domain was registered in autumn 2023.

Another problem we noticed is a discrepancy in information between different sections of the portal. The homepage states that you will need to deposit $2,500 for trading. In the section with account types, the amount mentioned is already $5,000. This raises concerns: should you trust a company that has such blatant errors on its website?

Finally, we noted that some documents on the website simply fail to load. It seems that the firm assumed users would not notice such shortcomings, but everything turned out to be too obvious.

Company Contacts

The first red flag is the broker’s failure to provide an office address. This leaves you without a physical location to contact if issues arise, especially if phone or email communication isn’t possible. Additionally, there’s no clear registration address provided. Despite this, the broker claims to be regulated by MISA, a company based on the island of Mwali.

This company is actually listed on the regulator’s website, but their license was only obtained very recently, in March 2024. It should be noted that it’s an offshore license, which doesn’t hold much weight in most countries and is easily acquired for a certain annual fee.

Regarding the email address, a check on verifalia.com revealed that it was created on a domain capable of generating fake addresses. This suggests that email communication with the broker may also be unreliable, further casting doubt on their trustworthiness.

Key Conditions

Marketrocks offers trading in currencies, including cryptocurrencies, stocks, commodities, spot metals, and indices. To facilitate this, they provide a proprietary platform that can be downloaded onto a PC with any operating system, tablet, or phone, or used directly from a web browser. We question why the firm developed its own terminal instead of offering connectivity to a proven one. This increases the likelihood of market manipulation.

The minimum deposit is 5000 euros, although a smaller amount is mentioned on the homepage. Marketrocks offers the following account types:

• Mini.
• Advanced.
• Executive.
• Prime.
• VIP.

Clients have the option to open an Islamic account, which allows for swap-free trading. Users can also access an educational center, receive support from a dedicated account manager, and obtain a personalized trading strategy.

Exposing Marketrocks

Our investigation into the company and its background has revealed significant red flags that render it unreliable. The licensing information provided does not inspire confidence, a registered address is absent, and the project’s operational history is less than a year. These characteristics are commonly associated with fraudulent entities. We strongly advise against investing with Marketrocks, as such companies have a propensity to cease operations abruptly, resulting in substantial financial losses for their clients.

Furthermore, the company’s disclaimer regarding high risks and non-liability for financial losses is a cause for concern. Such clauses often serve as a legal loophole, enabling the firm to arbitrarily debit client accounts. Essentially, it appears to legitimize fraudulent activities.

What Reviews Do Users Leave?

There are numerous negative reviews. Users report difficulties with withdrawing funds, platform performance issues, and poor customer support. While there are also positive comments, it is evident that they are likely fabricated.

Conclusions

We strongly advise against engaging in any business dealings with Marketrocks. It is highly unlikely that you will receive any payouts from this firm. It has only recently emerged and lacks any legal documentation to substantiate its operations. Reviews from actual clients further corroborate the issues with withdrawing funds and platform functionality.

Pros/Cons

FAQ