Markets Direct is a forex broker offering premier technology platform as well as other benefits. Read this marketsdirect.com review before you consider trading with them.
It is common for Forex brokers to claim that they provide the best trading environment in the market. This is because everyone seeking out easier ways to trade effectively does so to make more profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared towards deceiving traders and stealing their funds. Therefore, considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.
Markets Direct is a brand name of Triton Capital Markets Ltd. The contact address given on their website shows that they are located at Malta. They offer a single account. The assets they trade are forex, futures, US equities and ETFs.
marketsdirect.com licensing and regulation.
An important aspect of our review is to find out whether or not a broker holds a license from any of the recognized forex regulatory authorities. First, look at the region or location where the company or broker claims to be based, then we check the commission or authority regulating trade there to know whether that company has been listed among their regulated companies or not. For instance, FCA is the regulatory body overseeing the operations of forex brokers located in the UK while Australian forex brokers should be regulated by ASIC.
Going through MFSA website, we saw that Triton Capital Markets LTD, the parent company of Markets Direct is actually regulated by Malta Financial Services Authority.
Why you should avoid marketsdirect.com
Although, this broker is regulated, we found some disturbing facts about marketsdirect.com after going through their website.
Markets Direct deposit and withdrawal method.
marketsdirect.com says nothing about the minimum deposit they accept, how long it takes to process withdrawals or even payment methods available. This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money. There is also no legal document on their website. This is a clear sign that you should stay away from this broker.
Markets Direct trading platform
This broker claim to offer the popular Metatrader 5 platform. The use of the Metratader platforms is one of the things you should look out for in broker’s website before deciding to trade with them. This is because Metatrader 4 and 5 are user friendly have become the generally accepted trading platforms used by legit brokers. However, since there is no way to register, we are not convinced that there is actually an available trading platform.
There is also no information on the leverage they offer. So far, you can see why you should not trust this broker. Omitting vital information about their services is enough proof that this broker is not worth your funds.
Conclusion: Is worth Markets Direct your money?
No. marketsdirect.com is not a reliable broker. Despite being a licensed broker, they lack transparency. Therefore, we do not recommend this broker.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry. They offer trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Most importantly, the Financial Conduct Authority(CFA) in the UK as well as ASIC in Australia are the regulators of Fortrade. This makes makes client funds safe. They accept traders worldwide..visit their official website