Markets Act

Markets Act is an online brokerage registered in Mauritius, founded on 29 November 2024. The firm operates through its website marketsact.com, presenting itself as a global trading solutions provider. As a newly established entity, it offers a range of account types aimed at different levels of traders, from retail to high-net-worth investors.

The broker promotes itself on multiple social media platforms, including Facebook, Instagram, LinkedIn, and YouTube, indicating an effort to build a digital presence. However, as of the time of this review, Markets Act does not hold any known regulatory licences from financial authorities. This lack of regulation is a significant factor for traders to consider when evaluating the broker's trustworthiness.

Our records show that Markets Act is not regulated by any financial supervisory authority. The broker is registered in Mauritius, but Mauritius does not have a specific forex brokerage regulator; companies there may be registered as global business entities without requiring a forex licence. This absence of regulation means that traders are not protected by any investor compensation scheme or dispute resolution service provided by a regulatory body.

For traders, trading with an unregulated broker carries elevated risks, including the potential for unfair practices, lack of transparency, and difficulty in recovering funds in case of disputes. FXCanary's Scam Risk Score of 53/100 reflects this elevated risk, and traders should conduct thorough due diligence before committing funds.

Markets Act offers four account tiers designed to cater to different trading styles and capital levels. The Standard account is the most accessible, with a minimum deposit of $100 and maximum leverage of 1:400, suitable for beginner or retail traders. The Professional account requires a $1,000 minimum deposit and offers leverage up to 1:200, presumably for more experienced traders.

At the higher end, the Managed account requires a $10,000 minimum deposit, while the Investment account requires $50,000. These accounts are likely aimed at clients seeking portfolio management or higher-tier services, though specific features such as dedicated account managers or customised strategies are not detailed on the website. The leverage for these two account types is not specified, which may indicate flexible or negotiated terms.

The broker offers the MetaTrader 5 (MT5) platform, a popular choice among forex and CFD traders for its advanced charting, technical indicators, and algorithmic trading support. MT5 is available for desktop, web, and mobile devices, providing flexibility for traders to manage their positions on the go.

Markets Act's website references platforms, markets, and MT5 pages, suggesting that the broker positions MT5 as its primary trading interface. However, there is no mention of additional platforms such as cTrader or proprietary software, which may limit options for traders who prefer alternative interfaces.

While the broker claims to offer trading across multiple asset classes, specific instruments are not listed on the website. The 'Markets' section of the site likely outlines available asset classes, but without detailed information, traders cannot assess the breadth of offerings or compare spreads and conditions.

Common asset classes expected include forex pairs, indices, commodities, and cryptocurrencies. However, the absence of concrete data makes it difficult for potential clients to evaluate the broker's product range against competitors. This lack of transparency is a concern for traders who require detailed instrument specifications.

Markets Act appears to target a broad spectrum of traders, from retail beginners with the low-minimum Standard account to high-net-worth individuals through the Investment account. The availability of a Managed account suggests an offering for those who prefer a hands-off approach, potentially through portfolio management.

However, the lack of regulation and limited track record mean that this broker is best suited only for traders who fully understand the risks of trading with an unregulated entity and are willing to conduct their own due diligence. Traders seeking regulatory protection, transparent pricing, or a long-established broker would be better advised to look elsewhere.