MarketsCo Review and Website Analysis

Looking to trade and invest from a comprehensive platform? CFD and Forex broker MarketsCo claims to offer such an opportunity. However, trusting this company is out of the question – everything points to it hunting for clients’ money. There is more than enough evidence. We have compiled the most obvious ones in a brief review. If you don’t want to lose your investment, read on.

Brief Overview

• 🖥Official Website: https://marketsco.com/
• ✈️Contact Address: no
• 📞Customer Support: [email protected], +442071012389
• 🔐Licensing and Accreditation: none
• ⏳Track Record: since 2024
• 🧰Specialization: brokerage services
• 🤝Terms of Cooperation: minimum deposit $250
• 💰Additional Services: referral program

Marketsco.com Examination

Visiting the company’s website leaves a depressing impression. Take a look at its main page. What do you see there? A banner with a pretentious slogan, a description of the benefits in one or two words, a couple of animated pictures. Do you think this is how a reputable regulated broker should present itself online? Somehow, we don’t think so. Perhaps the reason is:

• Some inconsistencies in the numbers. For example, the firm provides information about 10,000+ users from 93 countries. And right next to it, it talks about 50 thousand clients monthly. If it’s about new registrations, then there are clear discrepancies with the figure of 10k. And if it’s about monthly visits, then it’s hard to imagine that the frequency is on average 5 times a month. This doesn’t seem like traders or investors.
• No information about available trading instruments. Specifications of contracts are not even mentioned.
• A news channel with only one video.
• Practically useless videos in the Banking on Blockchain section. This is how MarketsCo tries to convince potential clients that using cryptocurrencies is cool.

The conclusion can only be one: the project was created by amateurs who had no idea about providing brokerage services and the interests of traders. Can you trust a company with such owners? We doubt it.

Company Contacts

Contact Us, as presented by MarketsCo, says “Let’s Talk”. However, actually conversing with company representatives would only be possible via the phone number provided here. And even then only if they answer it. Filling out a feedback form or sending emails to the provided addresses can hardly be considered a conversation.

However, there are no other contact details on the company’s website. We couldn’t find:

• Postal addresses of broker offices. Apparently, platform owners deemed their online presence sufficient. Accordingly, there is no need to spend money even on renting a virtual office.
• Links to social media pages. Apparently, attracting clients through these channels is not MarketsCo preferred approach. The chance of getting an account here is realistically only for those invited by its representatives, for example, in a phone conversation. So why bother maintaining groups and channels from which no results are expected?

Such an approach doesn’t even remotely resemble that of real brokers. We see yet another piece of evidence that it’s difficult to call this company honest and reliable.

Key Conditions

Those eager to learn about the trading conditions offered by the broker will encounter immense disappointment. In the FAQ, the company says they can be found in the Instrument Specifications section, but they simply forgot to create it on the website. And in the table with types of accounts, potential clients will see only a general, and very brief description. None of the project owners even remembered the characteristics of the tariff plans. All their “professionalism” allowed them to do was to specify the minimum deposit sizes.

In total, the broker offers traders 4 standard tariff plans and 3 from the VIP standard tariff plans category:

• Basic with a minimum deposit of $250.
• Advanced with a minimum deposit of $10,000.
• Pro with a minimum deposit of $50,000.
• Elite with a minimum deposit of $100,000.
• The Exclusive Circle with a minimum deposit of $250,000.
• Embrace the Affluent Lifestyle with a minimum deposit of $500,000.
• The Ultimate VIP Journey with a minimum deposit of $1,000,000.

Traders at MarketsCo will have to figure out the trading conditions for each of these plans on their own when opening and closing deals. Apparently, the company representatives are not at all concerned that its clients may incur significant losses in the process. However, this suits platform owners just fine, as all traders’ losses become their direct income. Isn’t there a reason to hide information? Wouldn’t you agree?

Exposing MarketsCo

We searched long and hard, but could not find the company’s registration address or mention of a valid license on the broker’s website or in its documents. Some information we found led us to make two assumptions.

1. The company is officially registered in the UK. The unreliable basis for this was the phone number with the +44 code on the contact page. Checking the details in the Registry of Companies showed that the assumption was incorrect, as the search returned no relevant results.
2. The company is registered in Saint Vincent and the Grenadines. At least, that’s what is stated in the Terms & Conditions as the country whose legislation governs the relationship between the broker and its clients. A search in the SVGFSA registry (the local regulator) also yielded no results, although it is this regulator that registers all financial companies and services operating in the country.

All brokers should make such significant information publicly available. Since MarketsCo has disregarded this rule, we can make a straightforward conclusion: the platform operates without official registration. This virtual company, operating solely online, lacks a license even from offshore regulators. This means that brokerage services are provided illegally, and the rights and interests of traders are not protected.

In MarketsCo reviews, users often note the domain registration date in May 2016. The company does not provide data about its history, creating the impression that the broker has been operating for almost 8 years. This impression is incorrect. Checking snapshots from the web archive shows that as early as February 2024, marketsco.com was listed for sale by the registrar GoDaddy.

It turns out the platform has been functioning for just over two months. Naturally, it is not advantageous for them to disclose historical information. Traders should take note of the short period of operation of this pseudo-company and understand that it is actively attracting a client base. Therefore, it is necessary to critically evaluate the offers coming from it, even if they seem extremely lucrative.

There are other peculiarities of the broker’s operation that deserve attention:

1. Inability to complete the registration process independently. The need to contact customer support is deliberately provoked by MarketsCo to keep the influx of new clients under control.
2. According to user reviews, the trading terminal allows the administration to adjust the flow of quotes. This effectively eliminates the possibility of fair and profitable trading.

What Reviews Do Users Leave?

We regret to inform you that MarketsCo engages in dishonest practices. The company generates fake positive reviews about itself. However, negative reviews are also beginning to appear, despite its short time in operation. Traders note that it is quite difficult to get the broker to process withdrawal requests. Additionally, many clients are wary of the fact that the company’s managers constantly insist on account top-ups.

Conclusions

The information we have gathered is sufficient to show that MarketsCo is not trustworthy. Once again, the project was created to appropriate traders’ funds. This is evidenced by the lack of registration and license, concealment of important information for traders, and reviews online. We recommend refraining from cooperating with this broker and not transferring funds to its accounts.

Pros/Cons

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