About MarketsFX
Company Overview
MarketsFX is a forex and CFD broker established on 12 November 2019 and registered in Bulgaria. The company’s official domain is marketsfx.com, and its registered address is located in the Slatina district of Sofia, Bulgaria. As of this review, the broker does not hold any known financial regulatory licences from major authorities.
The broker’s incorporation date places it among relatively new entrants in the online trading industry. Its presence in Bulgaria suggests a European operational base, though it is not regulated by any European Union or national regulator such as the Financial Supervision Commission (FSC) of Bulgaria or the Cyprus Securities and Exchange Commission (CySEC).
Regulation and Safety
MarketsFX has no publicly listed regulators on file. This absence of regulatory oversight is a significant factor for potential traders to consider, as it means the broker is not subject to the client fund protection rules, dispute resolution mechanisms, or capital adequacy requirements that regulated brokers must adhere to.
Traders typically associate regulatory status with a measure of safety and recourse. The lack of any known licence from a reputable supervisory body means that clients may have limited protection in the event of a dispute or broker insolvency.
Account Types
The broker offers three account tiers: Gold, Silver, and Bronze. The minimum deposit for the Gold account is $10,000, the Silver account requires $2,500, and the Bronze account starts at $250. No maximum leverage figures have been disclosed for any of these account types.
These account structures are typical of many retail forex brokers, catering to traders with different capital levels. The Bronze account appears aimed at retail traders with smaller budgets, while the Gold account targets higher net-worth individuals or professional traders.
Additional Information
MarketsFX lists its registered address in a residential area of Sofia, Bulgaria. The company was founded in November 2019, making it relatively young in the industry. No information is available regarding the trading platforms offered, available instruments, or funding methods from the known facts.
The broker’s FXCanary Scam Risk Score of 46 out of 100 places it in the 'Guarded' category. This moderate score reflects the lack of regulatory information and limited public data about the broker’s operations.
Overview compiled by FXCanary from regulatory records and public data. full MarketsFX review