Thinking of getting into business with Marketsdirect? Here is what you must know about this broker. Carefully read this review to find out if MarketsDirect.com is the trading platform you will want to trade with.

About Marketsdirect Broker

Marketsdirect is an offshore brokerage company with a lot of promises for traders. Firstly, the broker address cannot be found on the webpage. To begin with, this is a red flag that tells us the fraudulent move of the broker. The broker is a brand of Triton Capital Markets Limited. 

To clarify, in spite the trading instruments Marketsdirect claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.

marketsdirect.com: Reasons to Avoid This Broker

Firstly, marketsdirect.com is a platform with no financial authority overseeing its financial services. Thus, the regulation claims is not true as Malta Financial Services Authority (MFSA) does not approved this broker among licensed brokers.

 Secondly, we noticed marketsdirect.com has no demo account for traders. Since traders can’t test the broker on a free account, we can’t know its viability in the forex market.  

More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.

These are cons for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.

Withdrawal and Deposit

Withdrawal process

Under withdrawal policy, Marketsdirect provides no specific information on withdrawal fee nor processing days on any withdrawal. Truly, this broker is a scam and its fraudulent schemes are clear.

Minimum Deposit

Marketsdirect minimum deposit is not available.

As for the payment methods, the broker discusses nothing. Truly, you should not consider making any payment with this broker because it is a risk. So beware!

Marketsdirect Platform

Marketsdirect offers web based trading platform and not MT4 or MT5 (Industry standard trading platforms) which gives us more reason not to take this broker serious.

As for the leverage, the broker discusses nothing. In fact, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.

Marketsdirect Licensing and Regulation

It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.

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Minimum Trade Deposit $100

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Licensed in Australia(ASIC) and Cyprus(Cysec)

Accepts Traders Worldwide

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Conclusion: Is marketsdirect.com a Reliable Broker?

No, marketsdirect.com does not seem like a reliable broker for traders even though it promises offers that look good to be true. The broker has shown no interest in discussing its account types, leverage, withdrawal process and fee.

Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.

Because we have taken it as a duty to find out scam forex brokers and also share reasons, we will not recommend this broker for trading.

Kindly share your comment about this broker in the comment section.

By Dan

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