Note: MarketsEU is to operate via the website - https://marketseufx.com/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
MarketsEU is allegedly a forex broker registered in China that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:40 on the web-based trading platform via 5 different live account types.
As for regulation, it has been verified that MarketsEU currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.28/10. Please be aware of the risk.
Market Instruments
MarketsEU advertises that it offers access to a wide range of trading instruments in financial markets, including forex, stocks, cryptocurrencies and commodities.
Account Types
MarketsEU claims to offer 5 types of live trading accounts - Basic, Silver, Gold, VIP and Diamond, with minimum initial deposit requirements of $250, $10,000, $25,000, $50,000 and $100,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Leverage
The leverage offered by MarketsEU is adjusted based on the account type. Specifically, the leverage is up to 1:10 on the Basic account, 1:20 on the Silver account, 1:30 on the Gold account, and 1:40 on the VIP and Diamond accounts. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Trading Platform Available
Instead of the world's most advanced and popularly-used MT4 and MT5 platforms, MarketsEU gives traders a web trader. Anyway, it is advised for traders, especially for beginners to choose brokers who offer the leading MT4 and MT5 trading platforms, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
To feed the trading account at MarketsEU, clients must have a Bitcoin wallet and they can use a credit card or bank transfer to feed that wallet. Using Bitcoin as a payment method will incur a processing fee of €31.25 and a blockchain fee of €8.15. The minimum initial deposit requirement is said to be $250, while there is no information about the minimum withdrawal amount, only that it can be done via credit card only.
Bonuses & Fees
MarketsEU claims to offer a bonus, which varies depending on the account type. For example, a 50% bonus for the Basic account, a 75% bonus for the Silver account, a 100% bonus for the Gold account, and a 150% bonus for the VIP and Diamond accounts. In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators.
Apart from the withdrawal fee, there is also an annual maintenance fee of $30 will be charged for trading accounts that stay inactive for over 12 months.
Customer Support
The only way you can approach MarketsEU is via email: support@marketseu.com. However, this broker doesnt disclose other more direct contact information like telephone numbers or the company address that most transparent brokers offer.
Pros & Cons
Frequently Asked Questions (FAQs)
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