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Markets Xchange

Marshall Islands|5-10 years|
Suspicious Scope of Business|High potential risk|

https://marketsxchange.com/

Website

Rating Index

Contact

41315087479
info@marketsxchange.com
https://marketsxchange.com/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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Contact number

English

41315087479

Broker Information

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Company Name

Zurix Corporation Ltd

Company Abbreviation

Markets Xchange

Platform registered country and region

Marshall Islands

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-06-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Markets Xchange · WikiFX Survey

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Markets Xchange · Company Summary

Note: Since Markets Xchanges official site (https://marketsxchange.com/) is not accessible while writing this introduction, only a cursory understanding can be obtained from the Internet.

General Information & Regulation

Markets Xchange, a trading name of Zurix Corporation Ltd, is allegedly a suspicious regulated and blacklisted forex and CFD brokerage registered in the Marshall Islands that claims to provide its clients with a wide variety of tradable assets with leverage up to 1:500 on the Exchanger and MetaTrader4 trading platforms, as well as a choice of five different live account types.

Market Instruments

Markets Xchange advertises that it offers a wide range of currency pairs and various CFDs on indices, commodities, stocks and 10+ cryptocurrencies.

Account Types

There are five live trading accounts offered by Markets Xchange, namely Go Start, Premium, Pro, Be Trader and Unlimited. Opening a Go Start account requires the minimum initial deposit amount of $1,000, while the other four account types have much higher minimum initial capital requirements of $3,000, $10,000, $50,000 and $100,000 respectively. This broker also claims to offer its clients a Promotion account with no minimum deposit requirement.

Leverage

A leverage ratio of up to 1:500 is offered by Markets Xchange, which is much higher than that provided by most brokers. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.

Trading Platform Available

Platforms available for trading at Markets Xchange are Exchanger and MetaTrader4. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

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Deposit & Withdrawal

Markets Xchange says to work with numerous means of deposit and withdrawal choices, consisting of credit/debit cards like Visa and MasterCard, bank wire and e-wallets such as Neteller, as well as the cryptocurrency of Bitcoin. The minimum deposit requirement is said to be $1,000 and the minimum withdrawal amount is $100.

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Customer Support

Markets Xchanges customer support can be reached by telephone: 41315087479, email: info@marketsxchange.com, support@stoxmarket.com. Company address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands.

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FX1411769832
more than one year
I was initially interested in Markets Xchange due to their offering of various trading instruments, but I was hesitant to deposit the required minimum of $1000. While I understand that the maintenance of smaller accounts may be hard, it still seemed like a hefty amount to invest upfront. I would have appreciated more flexibility in terms of the minimum deposit amount.
2023-03-20 18:12
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0
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一寸光阴2357
more than one year
Good experience with Markets Xchange. They were very helpful, and professional and suggested the right time to trade. The exchange rate was the most competitive I got offered compared to other companies. We can only recommend their service to anyone.
2023-03-03 16:21
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