About Marketbrokers
Company Overview
Marketbrokers is a Cyprus-registered broker that was founded on 22 August 2019. The company operates under the official domain marketbrokers.com, though the website is currently inaccessible. It presents itself as a retail forex and CFD broker targeting individual traders.
Marketbrokers is registered in Cyprus and claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC) under a Derivatives Trading License. However, regulatory checks indicate that this license is a clone, meaning the broker is not genuinely authorised by CySEC. This raises significant concerns about the safety of client funds.
Account Types and Minimum Deposits
Marketbrokers offers four account tiers: Standard, Silver, Gold, and Platinum. The Standard account requires a minimum deposit of $250, while the Silver account requires $2,500. The Gold account starts at $6,500, and the Platinum account demands a minimum deposit of $25,000. Leverage maximums are not disclosed for any account type.
These account tiers suggest a structure designed to cater to traders with varying capital levels, from beginners to high-net-worth individuals. The absence of leverage information, however, leaves traders without key details about risk exposure.
Regulatory Status and Client Safety
Marketbrokers lists CySEC as its regulator, but the status of this licence is marked as a clone in our records. This means that the regulatory credentials presented by Marketbrokers are likely fraudulent, mimicking those of a legitimate entity. As such, the broker does not provide the regulatory protections typically afforded to clients of authorised firms, such as negative balance protection or access to a compensation scheme.
Given that the official website is inaccessible and the regulator is a clone, traders face a severe risk of fraud. We strongly advise caution when considering any engagement with this broker.
Available Instruments and Platforms
The known facts do not specify the range of trading instruments or the trading platforms offered by Marketbrokers. Typically, forex and CFD brokers provide access to currency pairs, indices, commodities, and cryptocurrencies, but no such details are available for this entity. The broker’s website is non-functional, making it impossible to verify product offerings.
Likewise, no information is available regarding the trading platforms (e.g., MetaTrader 4/5, cTrader) or additional tools. This lack of transparency further complicates any assessment of the broker's suitability for traders.
Contact and Support
According to the company description, clients can contact Marketbrokers via phone and email. However, these contact details are not provided in our records. The inaccessibility of the website means that potential clients cannot access standard support channels or verify the broker’s physical presence.
In summary, the lack of reliable contact information and the broker's inability to maintain a functional website are additional red flags. Traders should treat any unsolicited communication from this entity with extreme suspicion.
Overview compiled by FXCanary from regulatory records and public data. full Marketbrokers review