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• Our Review Method

• Is Markets Xchange Scam or Legit Broker?

• What is Markets Xchange?

• Pros

• Cons

• Conclusion

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding Markets Xchange due to the issues we've identified.

Is Markets Xchange Scam or Legit Broker? ▲

Engaging with Markets Xchange for your trading needs is deemed unsafe. This broker is situated in an offshore region and lacks a reputable license from any leading regulatory body. Markets Xchange's registration in the Marshall Islands, a known offshore zone, coupled with its false portrayal as being licensed in Ireland, lays a solid foundation for skepticism. The absence of a legitimate license from a top-tier authority like the UK's FCA or Australia's ASIC further amplifies the risk associated with this broker, making it an unwise choice for traders looking for a secure and regulated trading environment.

What is Markets Xchange? ▲

Markets Xchange positions itself as a broker specializing in Forex and CFDs. Despite its registration in the Marshall Islands, the broker misleadingly claims it is situated and licensed in Ireland. This claim is not supported by any concrete evidence such as a physical address, yet the broker provides multiple British and Irish contact numbers, attempting to cultivate a sense of legitimacy. Crucially, Markets Xchange lacks regulation by Ireland's Central Bank or any other reputable authority. Highlighting the broker's dubious nature, The Central Bank of Ireland has explicitly warned against Markets Xchange for unauthorized activities and impersonating a legitimately authorized entity.

Pros ▲

• N/A

Cons ▲

• Registration in an Offshore Zone: Markets Xchange's registration in the Marshall Islands raises significant concerns about its credibility and the safety of funds.

• Lack of Top Tier Regulation: The absence of a license from a reputable regulatory authority such as the FCA or ASIC is a major red flag.

• False Claims of Location and Licensing: Markets Xchange's false claims about its location and licensing in Ireland are deceptive and suggest a lack of transparency.

• Warning from The Central Bank of Ireland: The explicit warning issued against Markets Xchange by The Central Bank of Ireland for unauthorized activities underlines the broker's untrustworthy status.

• Inactive Website: The broker's website is currently inactive, indicating that Markets Xchange may have ceased operations. This does not eliminate the risk it poses, as the entity could reappear under a different guise.

Conclusion ▲

In conclusion, engaging in trading activities with Markets Xchange is highly discouraged due to the numerous red flags identified through our comprehensive review process. The broker's offshore registration, lack of reputable licensing, and deceptive claims about its location and regulatory status make it an unreliable and potentially harmful choice for traders. The warning issued by The Central Bank of Ireland further underscores the broker's illegitimate operations. Markets Xchange's current inactivity and the risk of it re-emerging under a different name necessitate vigilance and caution from the trading community.