Beware! Markets4now 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.


Markets4now wants you to believe that today is perfect for profit and that your trading account is 100% safe and secure with this broker. How much of this is true, though? Will you be able to make a profit if you join Markets4now and will your precious money be really safe? Let’s find the answers.

Markets4now Regulation and safety of funds

From the information available on the website, we understand that the company that owns and operates the website, DaViko Business Ltd has an address in Seychelles. However, the Seychelles Financial Services Authority (FSA) that regulates forex brokers in this jurisdiction does not have the name of the company listed in its register. This means that Markets4now is not licensed and the claim that clients’ accounts are 100% secure and safe does not hold water. Needless to say, trading with a non-legit broker will expose your precious funds at risk.

Seychelles is an offshore zone for forex trade and even if the broker is legit and regulated, it does not necessarily mean that there is a guarantee for the safety of your funds. It is true that brokers must have a paid-up capital of at least $50,000 which is a considerable amount of money but this capital can be used for the day-to-day business activities of the broker. In addition to that, clients’ funds are not segregated and are kept in the same bank account as the broker’s which does not guarantee their safety if the broker becomes insolvent. Also, there are no compensation funds or schemes established in this jurisdiction to repay clients if the broker goes bankrupt. In other words, it is not safe to join a broker from Seychelles.

Instead, we advise you to research the well-established jurisdictions of the EU and the UK where the best conditions for forex trade exist. Regulated forex brokers in the UK and the EU must have an initial capital of no less than 730,000 EUR which among other things serves to keep scammers away. As per the regulations imposed by ESMA, clients’ accounts are kept separately from the brokers with tier-1 banks. There is also the negative balance protection which adds another layer of security.

One of the biggest perks in trading with EU and UK brokers is that they participate in compensation funds or schemes from which clients can get repaid if the broker goes bankrupt. UK brokers participate and deduct funds towards the local Financial Services Compensation Scheme which can dispense up to 85,000 GBP per client in case of broker’s bankruptcy. On the other hand, EU brokers deduct funds towards a local investor compensation fund which can repay up to 20,000 EUR per client if the broker goes belly up.

Markets4now Trading software

Markets4now trades in forex, cryptocurrencies, commodities, and stocks. The trading software available to the traders is a web trader (image below). On the left-hand side are the buttons for opening and closing trades and placing pending orders. In the middle of the screen, you see displayed the chart of one of the trading products, namely EUR/USD currency pair with the fluctuation in price in a given time frame. On the right-hand side of the screen is the information about the minimum trading amount, commission, leverage, maintenance margin, etc., for the same pair. From its bid/ask price, we can find out that the spread is 4.2 pips which is wide compared to the industry average of 1.5 pips. The implications for traders are that the cost of transactions will be high and they won’t be able to achieve a sustainable profit. On the other hand, such a spread will make the broker very happy as its revenue comes from the spread.

Typically for a scammer, this broker offers high leverage which is shown to be 1:200 with the hope of luring potential traders tempted by its high parameter and falsely believing that the high leverage will increase their potential for making a big win. However, what some of them may not realise is that more often than not traders lose in transactions and the scope of their financial loss will be amplified by the high leverage.

It is not by chance that regulated brokers from the jurisdictions we mentioned above are banned from offering leverage higher than 1:30 for forex currencies. This is one of the measures to prevent traders from engaging in reckless and risky transactions and suffering great loss.


Markets4now trading platform


If you have any trading experience, you would know that a web trader is not the best choice of trading software as it does not contain trading tools and instruments that give an edge in forex trade. This is what the MetaTrader 4 and MetaTrader 5 do and it is not by chance that they are choice number one for around 80% of the forex brokers. Both platforms are equipped with an auto trading option, VPS, an app market, a code base with customs scripts, a financial calendar, and trading signals that can be obtained for a subscription fee. In addition to that, the variety of charting options combined with the technical analysis indicators help traders predict the future direction of exchange rates and make a profit.

Markets4now Deposit/Withdrawal methods and fees

From the image below, it is visible that the trading accounts that Markets4now offers to the clients are 5 – Starter, Standard, Silver, Gold, and Platinum. The minimum initial deposit for the Starter account is $250. 

The minimum withdrawal amount is also $250.

The deposit and withdrawal methods include payments made via credit card, bank transfer, QIWI wallet, WebMoney, and Yandex.

However, clients who decide to accept a bonus are not eligible to make any withdrawals before the bonus conditions are met. As per these bonus conditions, the trader must make a turnover that is 30 times the sum of the deposit and bonus amount before being eligible to make a withdrawal request. As you can see, meeting such conditions will challenge even a very experienced trader. Bonuses are a sign that the broker who offers them is not legit as licensed brokers are banned from offering bonuses or other incentives. This is another way of protecting clients’ funds.


Markets4now trading accounts


How does scam work?

Scam works in different ways. It could be either that you receive an unsolicited telephone call or you see one of these flashy ads on the Internet or the social media promising you a quick and easy profit. Scammers will promise you the sky and the earth until you give way to temptation and deposit money. Once you give them money you get caught in the scammers’ mousetrap and the cheese in the shape of a big fat money fall is gone! It may take some time before you realise that you are being scammed. Scammers are smooth talkers and they are masters of deception. They will give you some excuses as to why the big profit hasn’t come yet and will try to lure you to make even a bigger investment because according to them, the more you invest, the more you profit. After you have been waiting for a while and you finally come to your senses, you realise that you are being scammed. All you want now is to get your money back and get out of there. However, the scammers won’t make it easy for you! They will try to delay you so that you miss the deadline for applying for a chargeback.

What to do if scammed?

There are a few things that you must do immediately – file for a chargeback if you have paid using a VISA or MasterCard. Those two payment providers allow you 540 days time frame within which you may file for a chargeback.

However, the chances are grim if you have used bank transfer or Bitcoin as a payment method. There is no chance you’ll be able to recover your money.

In such a desperate situation, some so-called ‘recovery agents’ may approach you with offers to recover your money for a fee. Be cautious as you may be dealing with another type of scammers. Always check the information about the recovery agency – make sure it is legitimate and transparent in the public eye. Also, some scammers publish personal comments after our review about how they have been scammed and how they found a recovery agent who helped them get their money back. Do not trust such comments and do not use the published contact info in them as it will lead you to another scammer!

And lastly, a reminder to cancel your credit card if you have given your CVV code to the scammers and erase any software from your PC that gives the scammer access to your personal data.

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1 Comment

  1. Be aware SCAM – SCAM – SCAM. The ads on facebook, which presents Yuan crypto, redirects me to, and they started calling me from UK numbers, with fictive names like Jessica Jones, Anthony Alver, i have just spent 250e, they made 1000e of it on forex. But there is no possibility to withdraw the money. Then they got special for you and try to make you invest some thousands. Do not do it!!!

    HQ on Seychelles (unregulated), you will never reach agent back on phone, the phone number provided on internet is in Czech republic

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