MarketsCFD Review – 5 things you should know about

MarketsCFD Review – 5 things you should know about

Beware! MarketsCFD is an offshore broker! Your investment may be at risk.



Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


MarketsCFD is a CFD brokerage we believe is based in Bulgaria. It provides а web-based trading platform, not the the MetaTrader 4 platform, and requires a standard minimum deposit of $250. The leverage extended to traders is quite generous at 1:400 however, the spread at 3 pips on EUR/USD is twice the industry average.

MarketsCFD regulation & safety of funds

Reading through the terms and conditions of the brokerage we discover that the company behind the broker is registered in Bulgaria under the name Swissgems Ltd. We remind readers that Bulgaria is a member-state of the European Union and online Forex trading is duly integrated within their regulatory framework which is modeled after the ESMA guidelines.

However, we find no mention of a license by the Bulgarian authorities – thus we may safely conclude that the brokerage MarketsCFD does not fall under any regulatory oversight whatsoever. For the sake of diligence we ran a quick search on the online registry of the Bulgarian Financial Supervision commission and can confirm that the brokerage is not licensed.

Another big problem with the brokerage is that researching it on the web we come across official warning issued by the Italian CONSOB which reads that the broker has been targeting traders without proper authorization and further taking part in scam operations. In other words – we believe that any potential client will be exposed to a substantial amount of risk.

Traders needn’t have to worry themselves with such risk if they choose to trade with a brokerage regulated and authorized by a prestigious regulatory agency. Such agencies are the FCA in the UK or CySec in Cyprus which have been leading names in Forex trading for some time now. Their regulatory framework is composed of a number of strict rules which prevent clients from falling victims to fraud. Such rules include the segregation of accounts which assures that commingling with the client’s money is not possible. Furthermore, a license by such a regulatory body entails participation in a financial mechanism by which clients may be compensated if they suffer losses due to fraud or bankruptcy. With the FCA the compensation is up to 85 000 pounds, where as with CySEC it is up to 20 000 euro per person.

MarketsCFD trading software

 The brokerage does provide a web-based trading platform, however, we always view the lack of MetaTrader 4 as a serious disadvantage. The MT4 is among the foremost trading terminals in Forex trading at the moment, close to 80 percent of users prefer it. The platform provides an advanced charting package, lots of technical indicators, extensive back-testing environment and a variety of Expert Advisors (EAs).  Aside from that – although there is supposedly a web-based trading platform available, however, there are no pending orders, no expert advisors and it strikes us as fake. There are also no discernible trading conditions.

MarketsCFD deposit/withdrawal methods and fees

Clients may deposit or withdraw via the standard Visa and MasterCard, as well as bank-wire, however, the e-wallet Skrill is missing.

Going through the terms and conditions of the brokerage we did  come upon provisions which are worth noting. There is a dormant account fee for inactive accounts of 50 which is an absurd provision. There are also withdrawal conditions pertaining to accounts that have taken advantage of the bonus promotion. A trader has to achieve a trading volume  in order to be eligible for withdrawal which is purposefully excessive in order to impede any trader from actually receiving his money. On top of this there is a profit clearance fee ranging from 1.5 to 5 percent on a trade, as well as a maintenance fee of 20 percent and a withdrawal fee of 3.5 percent. Such an astonishing amalgam of fees only serves to show how the website is planning to syphon the client’s initial deposit and nothing more.

This is why we advise traders to always put up only the required minimum deposit, instead of risking a bigger amount with no certainty. Afterwards, they may also try to withdraw a small amount in order to check for any unexpected fees or delays. Such fees and delays are usually the signs of a scammer.

How does the scam work?

Even though the forex trading world is extremely large and encompasses millions of people around the globe, the most common scamming is pretty simple and straightforward and as such – it’s not particularly daring to avoid. Here is a quick overview of how it is done:

Through clicking an ad with promises for fast money, you will be redirected to a website such as Bitcoin Evolution or Cashless PayGroup where registration will require you to give your address, email and phone number. After sharing your personal information, you will being receiving calls from brokers, compelling you to invest with them and win big. After a few minutes hearing their pitches, you decide to deposit some $200-250. And just like that – the scammers take a fat commission from this initial deposit.

After they are done with you, senior scammers begin working you into putting even more money. They say it’s the only way to profit from trading even more. After making the mistake of investing even further, you’ll begin wanting to get out of this and withdraw what you have left.

Unfortunately, the con-artists have no such thing in mind. They will now begin persuading you to wait it out and not withdraw right now. The angle here is pretty blunt – traders have a limited time period for filing a chargeback with their bank and get their money back. The “recovery department” will simply want to mislead you into missing thе crucial period and, along the way, losing any chance you might have of getting the money back.

It is important here to take notice that both Visa and MasterCard are taking measures to combat unregulated forex brokerages by classifying all forex transactions as high risk. And  they are correct in doing so. Furthermore, supporting their intention with clear actions – MasterCard has increased the previous time period of six months for filing a chargeback to a year and a half.

What to do when scammed?

As was mentioned above, scamming is quite the common in the trading world and, sadly, even you might suffer from it. In such an unfortunate case there still may be some available options for you.

You may contact your bank or credit card provider and file a chargeback. 

If, however, you have provided the broker with your credit card details, immediately cancel your credit card.

If you have given information regarding your online banking pass – you should switch it asap!

Beware of potential calls from self-described “recovery agencies”! They prey on scammed and vulnerable traders who are desperate to recover their losses. They will require an “up-front” payment to help you, but after paying them, no such help will be coming your way!


Rich Snippet Data
Review Date
Reviewed Broker
Broker Rating

Top Forex Brokers

Broker Country Rating Min. Deposit Website
US 5/5 $50 Click for a special offerWebsite
USA 5/5 $250 Click for a special offerWebsite
UK, Cyprus, Belize 4.94/5 $5 Click for a special offerWebsite
Australia 4.93/5 $100 Click for a special offerWebsite
UK, Australia 4.85/5 $50 Click for a special offerWebsite
Cyprus, SVG 4.8/5 $100 Click for a special offerWebsite


  1. I’ve been scammed by I requested to close the account for personal reasons, they withdrew the money and asked me for a 35% fee for operating expenses. They asked me to make the deposit on the platform and after I made the deposit, I haven’t heard from them since. They have not returned any of the money.


      Hola Ismael, has conseguido contactar con algun personaje de
      Olá Ismael, conseguiu contato com alguma pessoa de


    Hello, This afternoon, 05/29/2020, I received again some calls from your employee or collaborator Sabine Leblanc. The tone has been rude and threatening. He has made me repeatedly and repeatedly 23 calls at 17:08 and 17:19, according to the call log of my mobile phone. I will not tolerate a person like this disrespecting me in such an inconsiderate way. If you are supposed to have a personality problem, they have a serious problem with your company. Don’t let him keep bothering me, please. You are responsible for such an employee and how he uses the data provided to contact potential new customers. My experience with your platform has not been a good one. The first contact I received from a commercial was so insistent that I agreed to deposit € 200 in an alleged account. As it did not seem interesting to me nor the arrogant and arrogant treatment of his employee / collaborator, I decided to recover the € 200 and I could not do it because, supposedly, Sabine Leblanc canceled it without my authorization. I do not wish to continue having contact with this platform, return the € 200 that belongs to me. Finally, get together with this person and impose a more ethical work system on him. The competition in the world of Trading platforms is fierce and you will end up in the queue with people like that. The 23 calls in 9 minutes, the insults and bad manners that he has treated me are from a person who seems to have some disorder. Please return the € 200 to me and delete any contact about me from your database. This must be respected as regards the data protection law. The harassment to which such a person is subjecting me can also be considered a crime. I wish this is the last time I have to contact you about this issue.

    Hola, Esta tarde dia 29/05/2020 he recibido nuevamente unas llamadas de su empleado o colaborador Sabine Leblanc. El tono ha sido grosero y amenazador. Me ha realizado de forma insistente y reiterante 23 llamadas las 17:08 y las 17:19 , según el registro de llamadas de mi teléfono móvil. No voy a tolerar que una persona como esta me falte al respeto de una forma tan desconsiderada. Si supuestamente tiene un problema de personalidad, tienen un grave inconveniente en su empresa. No le permitan que siga molestándome, por favor. Son ustedes los responsables de tal empleado y como usa los datos que le facilitan para contactar con posibles nuevos clientes. Mi experiencia con su plataforma no ha sido de buen agrado. El primer contacto que recibí de un comercial, fué tan insistente que accedí a depositar 200€ en una supuesta cuenta. Al no parecerme interesante ni tampoco el trato arrogante y prepotente de su empleado/colaborador, decidí recuperar los 200€ y no pude hacerlo porque, supuestamente, Sabine Leblanc la canceló sin mi autorización . No deseo seguir teniendo contacto con esta plataforma, devuelvanme los 200€ que me pertenecen. Por último, reúnanse con esta persona e imponganle un sistema de trabajo más ético. La competencia en el mundo de las plataformas de Trading es feróz y ustedes terminaran en la cola con personas así. Las 23 llamadas en 9 minutos , los insultos y malos modos que me ha tratado son de una persona que parece tener algún trastorno. Les ruego me retornen los 200€ y borren de su base de datos cualquier contacto sobre mi persona. Esto debe respetarse por lo que concierne a la ley de protección de datos. El acoso al cual me está sometiendo tal persona también se puede considerar delito. Deseo sea la última vez que tengo que contactar con ustedes por este tema.


    1. Sono dei truffatori il mio conto era salito a €2500,00 ho richiesto il prelievo, dopo aver atteso una settimana mi hanno svuotato il conto.
      They are scammers my account had risen to € 2500.00 I requested the withdrawal, after waiting a week they emptied my account.

  3. MARKETSCFD.NET es una empresa fraudulenta. Ninguno de los correos de enlace están operativos. Me contacto una tal Sabine Leblanc. Cuando le comunique que no deseaba continuar con esta farsa se comportó como una persona desequilibrada, me realiza llamadas reiteradas con números de teléfono distintos con el ánimo de molestar. Parece ser una persona con algún problema psiquiatrico.
    Me realizó 23 llamadas en 19 minutos. Hoy dia 3 de Junio ha vuelto a insistir con las llamadas.
    Le reclamé y le continuo reclamando 200€ que me ha robado.
    Canceló la cuenta que me abrió ella misma y se ha quedado con el dinero.
    Ojo!!!! Pide conectarse con un sistema que le permite manipular nuestro ordenador . Son gente sucia.
    MARKETSCFD.NET is a fraudulent company. None of the link emails are operational. A certain Sabine Leblanc contacted me. When I told him that I did not want to continue this charade, he behaved like an unbalanced person, making repeated calls to me with different phone numbers with the intention of being annoying. It seems to be a person with some psychiatric problem.
    He made 23 calls in 19 minutes. Today June 3 has returned to insist on calls.
    I claimed him and I continue to claim € 200 that he has stolen from me.
    She canceled the account that she opened for me and she has kept the money.
    Eye!!!! He asks to connect with a system that allows him to manipulate our computer. They are dirty people.

  4. Sabine Leblanc

    Es repugnante emplear un solo segundo en esta gentuza. Son ladrones descarados!! Sus paginas de contacto no funcionan. El personal que trabaja en ella, como Sabine Leblanc, es incompetente y mal educado.
    A mi me han robado 200€, que al intentar retirar porque no me pareció legal al informarme, esta persona me faltó al respeto. Me amenazó y pretendió sabotear mi telefono haciendo llamadas incesantes. La impresión que me causó es de una persona com problemas psiquicos mentales. Destituyan a tal personaje y destras de ella todos los que estan robando sin remordimientos.
    No olviden antes de todo de devolverme mis 200€.
    It is disgusting to spend a single second on this rabble. They are shameless thieves !! Their contact pages do not work. The staff working there, like Sabine Leblanc, are incompetent and rude.
    I have been robbed € 200, which when trying to withdraw because it did not seem legal to inform me, this person disrespected me. He threatened me and tried to sabotage my phone by making incessant calls. The impression made on me is of a person with mental health problems. Dismiss such a character and behind her all those who are stealing without remorse.
    Do not forget first of all to return my € 200.

  5. Sabine Leblanc and MARKETSCFD LADRONES

    MARKETSCFD.NET is a fraudulent company. None of the link emails are operational. A certain Sabine Leblanc contacted me. When I told her that she did not want to continue with this farce, she behaved like an unbalanced person, she made repeated calls to me with different phone numbers with the intention of being annoying. It seems to be a person with some psychiatric problem.
    She made 23 calls in 19 minutes. Today June 3 has insisted again with calls.
    I claimed him and I continue to claim € 200 that he has stolen from me.
    Cancel the account that she opened for me and has been limited with money.
    Eye !!!! Request protocols with a system that allows you to manipulate our computer. They are dirty people.

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