Marketsplus Review (2023)

Beware Marketsplus is a Non-Regulated Broker. It is NOT SAFE to trade.

• Company name: 

Affinity Group Ltd. Marketsplus.

• Registration Address/ License:

Sofia, Bulgaria. No License, No Regulation. 

MarketPlus is a Forex and CFD broker and trading provider, which operates by Affinity Group Ltd based in Bulgaria. Our main concern is that the company does not hold any license to deliver its trading service either to local or world traders, and is not authorized by any EU regulator. Despite the fact, that any EU financial service company should obtain its legal license that protects clients and maintain the strictest follow of standards, the MarketPlus decided to skip that step.

Typically, the unregulated companies using strong marketing programs to onboard new clients, while misleading about their legal side of the operation and attracting by high potential incomes. However, retail investors advised to look carefully at the website and the broker’s offering, as well to check out the firm reputation at least by reading reviews. As well as, industry authorities making serious steps to issue warnings against unregulated companies and protect clients.

Even though Marketplus didn’t receive an official warning from the world industry authorities, yet it might take place soon since the company was established just at the beginning of 2018. Nevertheless, there are already some negative reviews and claims from the traders that faced serious fraud of the customer rights, while the trades were manipulated and withdrawals were canceled.

Conclusion

In conclusion, we would recommend to not engage with Marketplus and invest any amount to try out their offering, since the trading itself is a risky investment it is very important to choose a reliable company. There are many well-regulated companies across Europe, which comply with the necessary customer protection rules and operate financial investment with the applicable safety.