MarketCFD-Some important Details about This Broker
Abstract：MarketCFD was registered in Estonia in 2019 and is not regulated. It offers six types of accounts, with a maximum leverage of 1:200. The minimum deposit to open a live account is as high as $250.
Note: MarketCFD's official website - https://www.marketcfd.com is currently inaccessible normally.
| MarketCFD Review Summary | |
| Founded | 2019 |
| Registered Country/Region | Estonia |
| Regulation | Unregulated |
| Market Instruments | Forex, CFDs |
| Demo Account | ❌ |
| Leverage | Up to 1:200 |
| Spread | / |
| Trading Platform | Web |
| Min Deposit | $250 |
| Customer Support | Tel: +77273122401, +74993503986 |
| Email: support@marketcfd.com | |
MarketCFD was registered in Estonia in 2019 and is not regulated. It offers six types of accounts, with a maximum leverage of 1:200. The minimum deposit to open a live account is as high as $250.
Pros and Cons
| Pros | Cons |
| Various account types | Unavailable website |
| Multiple payment options | Unregulated status |
| Limited tradable assets | |
| No demo accounts | |
| Various fees | |
| No MT4/5 | |
| High minimum deposit | |
| Long withdrawal processing time |
Is MarketCFD Legit?
No, MarketCFD is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.
What Can I Trade on MarketCFD?
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Commodities | ❌ |
| Indices | ❌ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
| Account Type | Min Deposit |
|---|---|
| Green | $250 |
| Silver | $2,500 |
| Gold | $5,000 |
| Platinum | $10,000 |
| VIP | $20,000 |
| Black | $100,000 |
Leverage
MarketCFD offers leverage up to 1:200 for all account types, which can potentially bring high returns, but it also comes with high risks.
MarketCFD Fees
First there is a 3.5% Withdraw Fee, which can never be less than 50 USD. And than you have a Profit Clearance Fee, which varies between 1,5 USD and 5 USD per trade, and also a monthly Maintenance Fee of 20 USD. In addition, you have something called Verification Fee of 75 USD, which will be charged every month in case you have not verified your identity.
| Withdrawal Fee | 3.5%, minimum $50 |
|---|---|
| Profit Clearance Fee | $1.5-$5 per trade |
| Monthly Maintenance Fee | $20 |
| Verification Fee | $75 per month if identity is not verified |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Web | ✔ | Web | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
MarketCFD says to accept payments with major cards like VISA and MasterCard, bank wire, PaySafeCard, and various e-wallets like Neteller, Skrill, WebMoney, QIWI Wallet, Yandex Money and AstroPay.
MarketCFD states that they require 15 business days to approve your withdrawal request, and an additional 15 business days to process the withdrawal.
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