MC Markets Information
MC Markets is a brokerage company registered in Seychelles in 2023, which is quite new to the market. Their products include CFDs, Forex, Indices, Commodities, Stocks and Cryptocurrencies. The company offers demo account for practicing and MT5 trading platform for pleasant customer experience. Moreover, its learning center and beginner guides guide traders to gain necessary knowledge to achieve successful investments.
However, it should not be neglected that the broker is currently under the regulation status of suspicious clone.
Pros and Cons
Is MC Markets Legit?
MC Markets holds an FSA (The Seychelles Financial Services Authority) with license no.SD184. But the license is suspected to be fake clone, such abnormal regulatory status raises doubts about its legality and credibility.
What Can I Trade on MC Markets?
MC Markets claims to offer over 26000 tradable instruments for clients. These mainly fall into 5 asset categories: forex, indices, CFDs, commodities, stocks and cryptos.
Forex trading refers to financial transactions involving the buying and selling of different countries' currencies on a global scale. Popular currency pairs include EURUSD, GBPUSD, AUDUSD, etc.
Indices allow traders to invest in many top companies without choosing individual stocks. For example, the US30, S&P 500, NAS100, etc.
Or you can trade cryptos such as popular choices like Bitcoin, Ethereum with this broker or stocks of Apple, Tesla, Netflix and others.
Commodities are the raw materials used to produce goods and are usually categorised into hard (natural resources like oil and natural gas) and soft commodities (agricultural products and livestock).
CFD (contract form difference) is a kind of financial derivative that allows traders to profit from price movements without owning the underlying asset.
One of the key principles of investing is never putting all eggs in one basket. Scatter your funds into several products to dilute risks and potential losses.
Account Type/Levearge/Spread & Commission
Except for demo accounts, the broker does not disclose any information about its live accounts.
Though it claims low spread, no detailed figures available on its website. And the broker does not charge trading commissions.
Leverage is said to be up to 1:200, which means you can control a position that is up to 200 times the amount of your own capital. But it's always recommended to use leverage prudently since it amplifies not only gains, but also losses and risks.
Trading Platform
MC Markets offers the popular and advanced MT5 trading platform that is downloadable from Windows, MacOS, Android and iOS devices.
MT5 is a powerful and easy-to-use trading platform, it provides comprehensive technical analysis tools, advanced trading features, multiple timeframes charts, and employs state-of-the-art security technology to ensure the safety of traders' transactions and personal information. All these advantages make MT5 suitable for all types of traders.
Deposit & Withdrawal
MC Markets allows deposits via USDT, ETH, and USDC, with minimum deposit of 0.1 in the chosen currency.
For withdrawals, you can use USDT ERC, with minimum withdrawal amount of 100 USDT. Withdrawals exceeding 5 000 USDT may require additional processing time, typically within 3 hours on regular business days.
Customer Support Options
You can get in touch with the broker via email, live chat, contact form and social platforms when you need supports.
The Bottom Line
MC Markets is a brokerage company who offers a wide range of financial instruments for its clients. The demo accounts, MT5 trading platform, zero commission structure and educational resources are user-friendly and provide convenience for traders. However, the suspicious clone regulatory status implies less compliance to financial rules. So carefully weigh the pros and cons of the broker and ensure you can accept all the drawbacks before you decide to trade with them.
FAQs
Is MC Markets safe?
No, we cannot say that the broker is safe due to the suspicious clone regulatory status.
Is MC Markets good for beginners?
No, though offers a beginner guide and zero trading commissions, the broker is not goods for beginners because it does not provide affirmative information about its trading conditions, which is vital for traders to calculate their trading costs.
What trading platform does MC Markets have?
MC Markets offers a MT5 trading platform on Windows, MacOS, iOS and Android devices.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.
