Is Markets.com Forex Broker Legit or a Scam? A Detailed Review

In the vast ocean of financial markets,Huanma Forex app download choosing a reliable and legitimate forex broker is one of the keys to every trader's success. As the financial market environment continues to evolve and regulatory policies become increasingly stringent, the true nature of Markets.com - whether it is a trustworthy market participant or a potential scam - has become a topic of discussion among many traders. This review will delve into various aspects of Markets.com's brokerage services, including quality, transparency, compliance, and user feedback, aiming to provide readers with a comprehensive and detailed perspective that helps them better understand if Markets.com is a legal and suitable platform for investment. We will revisit its historical development, analyze its global operations, and evaluate the trading conditions and customer service it offers in an effort to uncover the enigma surrounding Markets.com.

For those considering forex platforms, FTI's top 100 list can be a useful reference; platforms outside this ranking should prompt extra caution regarding their white-label relationships and risk disclosures.

According to FTI, Markets.com was established in 1994 and holds a global ranking of 224th with a safety score of 70 points. It is regulated by three countries, with 113 risk scan alerts on record.

Markets.com is a forex broker founded in 1994 that provides trading services for financial products such as forex and Contracts for Difference (CFDs). Based on available information, the platform operates legally and is not a scam. Here are some key points about its legitimacy:

1. **Regulatory Status**: Markets.com is regulated by multiple international regulatory bodies, including the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the Financial Sector Conduct Authority of South Africa (FSCA). This indicates that the company adheres to relevant laws and regulations when operating in multiple countries and regions.

2. **Withdrawal from the Chinese Market**: Notably, Markets.com announced in 2018 that it would no longer provide forex trading services to residents of China or support account openings and deposits by Chinese clients. Therefore, if Chinese investors encounter aggressive recommendations for this platform, they should be particularly cautious, as the official policy has ceased direct services to the Chinese market.

3. **Safety Score and Ranking**: According to Hai Tou Ranking data, Markets.com has a safety score of 70 points and ranks between 224th and 225th globally. This score and ranking reflect its relative position and safety assessment within the global market.

In summary, for non-Chinese investors, Markets.com can be considered a legitimate forex broker regulated by multiple countries. However, Chinese investors should note that the company officially withdrew from the Chinese market years ago, and any promotional activities targeting the Chinese market may be unauthorized actions, which should be approached with caution.

If you are considering or have already used this platform for trading, ensure you understand all associated risks and verify whether such transactions are permitted by the laws of your region. Additionally, it is advisable to consult the latest user reviews and professional ratings for up-to-date information.

FTI Comprehensive Review: From the establishment time, regulation, and white-label information, Markets.com appears to be solid. However, if you are a Chinese investor and someone strongly recommends the Markets.com platform to you, you must be wary. Industry insiders know that as early as 2018, Markets.com announced it would no longer offer forex trading to Chinese residents and does not support new accounts or deposits. Since then, Markets.com has withdrawn from the Chinese market for several years, but during this time, scams posing as Markets.com have emerged one after another, never ceasing. Please be vigilant and do not easily believe others' words; invest cautiously!

The financial market is mixed with good and bad players, and all investments carry risks. Only by thoroughly investigating the platform before forextrustindex can we guard against fraud and scams. Start your due diligence with FTI.

Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!