Markets Trade

Markets Trade is a forex and CFD broker registered in Saint Vincent and the Grenadines, with a registered address in Mauritius. The broker was founded on 23 May 2023, making it a relatively new entrant in the online trading space.

According to our records, the broker does not hold any regulatory licences from major financial authorities. This unregulated status is a significant factor for traders to consider when evaluating the safety of their funds.

FXCanary has verified that Markets Trade is not authorised or regulated by any established financial regulator such as the FCA, CySEC, or ASIC. The only registration is in Saint Vincent and the Grenadines, a jurisdiction that does not require forex brokers to obtain a licence or adhere to strict oversight.

This absence of regulatory oversight means there is no independent body ensuring the broker's compliance with financial rules, segregation of client funds, or dispute resolution mechanisms. Traders should be aware of the heightened risk involved.

Markets Trade offers three account tiers: Basic, Prime, and Elite. The Basic account requires a minimum deposit of $500, making it accessible to retail traders. The Prime account starts at $2,000, and the Elite account at $10,000.

Leverage information for these accounts has not been disclosed in our known facts. The broker advertises zero commission on trades, which may appeal to cost-conscious traders, but the absence of leverage details limits full evaluation.

The broker provides trading on a range of asset classes, including indices, stocks, commodities, bonds, and cryptocurrencies. This diverse offering allows traders to speculate on various markets from a single account.

However, no specific information on the number of instruments, trading platforms, or execution methods is available in our records. Potential clients should verify these details directly with the broker.

Markets Trade is classified as high-risk by FXCanary, with a Scam Risk Score of 75 out of 100, indicating severe risk. The primary concern is the lack of regulatory oversight, which means traders have no recourse if the broker fails to meet its obligations.

Additionally, the broker's registration in Saint Vincent and the Grenadines—a jurisdiction known for lenient regulation—coupled with the minimal available public information, underscores the need for caution. Traders are advised to thoroughly research and consider only fully regulated brokers.