Is Markets.com a Reputable Forex Company? An Overview

In the world of forex trading,World's largest foreign exchange trading platform choosing a reputable and trustworthy company is half the battle won. Today, we are exploring Markets.com, a forex company with a broad user base globally, renowned for offering multiple trading platforms, abundant educational resources, and a variety of trading products. We will delve into an analysis of Markets.com’s services and its reputation to help you better understand whether this company meets your trading needs.

For the top 100 forex platforms listed on FTI, it's advisable to refer to it for selection; if a platform is not within the top 100, extra caution should be exercised regarding the main white-label relationship and risk warnings.

According to FTI, Markets.com, established in 1994, ranks 224th globally with a safety score of 70. It currently has regulatory oversight from three countries, with 113 risk scan alerts. Markets.com operates under STA GLOBAL INVESTMENTS PTY LIMITED and SAFECAP INVESTMENTS LIMITED, regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), respectively. It also claims to be regulated by the UK Financial Conduct Authority (FCA), but note that only accounts opened under associated companies fall under FCA regulation.

As reported in 2015, Matan Shvili, co-founder and COO of Markets.com, highlighted the company’s "ambitions" and service execution capabilities, expressing emphasis on the Chinese market and confidence in the team. He also mentioned using strategies such as sponsoring sports events to increase brand awareness and client trust.

However, information from 2017 noted that a dealer named "Makens Forex Platform" was involved in using pirated trading software, and its claimed FCA regulation was found to be cloned, indicating potential risks. Note, however, that whether this directly applies to Markets.com requires further verification due to possible confusion or different entities using similar names.

To sum up, Markets.com was previously considered a multi-nationally regulated forex trading platform with clear market positioning and development strategies. Nonetheless, prospective users should conduct thorough research and considerations, including checking the latest user feedback, regulatory status, and terms of service to ensure fund security and trading transparency. Regulatory requirements within the industry may change, so it is important to periodically check the regulatory status of the platform.

FTI Summary: Taking into account its establishment time, regulation, and main white-label relationships, Markets.com appears to be quite good. However, if you are a Chinese investor and someone strongly recommends Markets.com, be cautious. As insiders know, as early as 2018, Markets.com announced it would no longer offer forex trading services to Chinese residents nor support opening new accounts or deposits. Up until now, Markets.com has exited the Chinese market for several years, yet during this period, there have been numerous counterfeit Markets.com platforms appearing one after another. Be sure to distinguish carefully and avoid easily believing others. Invest cautiously!

With varying levels of quality in financial markets and inherent investment risks, it is crucial to thoroughly investigate any platform before forextrustindex. To avoid scams, consult FTI first.

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