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No Regulation
Score
1.54 /10
Danger
MarketGBP
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index7.27
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
Previous Detection :
2024-12-29
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| MarketGBP Review Summary | |
| Founded | 2-5 years |
| Registered Country/Region | United Kingdom |
| Regulation | Unregulated |
| Market Instruments | Forex, Indices, Commodities, Precious Metals |
| Demo Account | Available |
| Leverage | Up to 1:100 |
| Spread | Around 2.5 pips for major currency pairs |
| Trading Platform | MetaTrader 4 (MT4), Mobile, Web Forex Trading |
| Min Deposit | $100 |
| Customer Support | Email: support@marketgbp.com |
MarketGBP Information
MarketGBP is a financial trading company in the United Kingdom that has been operating for two to five years and offers more than 45 types of market options trading, but the lack of effective regulation has raised security problems.
Pros and Cons
| Pros | Cons |
| Offers diverse market instruments | Operates without regulation |
| Provides various account types | Limited information on specific market instruments |
| Leverage ratio of 1:100 for GBP/USD trading | Unavailable website |
| Utilizes popular MT4 platform for trading | Imposes commissions on clients |
| Provides mobile and web trading platforms | Minimum deposit required |
| Offers a demo account for risk-free practice | Only email customer support |
Is MarketGBP Legit?
MarketGBPis currently in a state of no effective supervision, which means that its activities are not supervised by the government or financial institutions. Therefore, there is a high risk of investment with MarketGBP.
What Can I Trade on MarketGBP?
MarketGBP offers traders the opportunity to trade FOREX(EUR/USD, GBP/JPY, USD/CAD, and AUD/NZD), INDICES(S&P 500, FTSE 100, NASDAQ, and Nikkei 225), COMMODITIES(crude oil, natural gas, corn, and soybeans) and PRECIOUS METALS(gold, silver, platinum, and palladium).
| Tradable Instruments | Supported |
| Commodities | ✔ |
| Forex | ✔ |
| Currencies | ❌ |
| Crypto currencies | ❌ |
| Indices | ✔ |
| Precious metals | ✔ |
| Binary Options | ❌ |
| Mutual Funds | ❌ |
| Futures | ❌ |
Account Types
MarketGBPoffers three live account types, namely Standard Account, Premium Account, and VIP Account.
The Standard Account is suitable for direct trading mode.
The Premium Account, compared to standard accounts, provides additional benefits and services.
The VIP Account offers exclusive perks and personalized services for high volume traders.
Leverage
The leverage for GBP/USD trading in MarketGBP is 1:100.
MarketGBP Fees
MarketGBP collects spreads and commissions from its clients.
Spreads in major currency pairs average about 2.5 pips, while commissions can vary depending on volume, but are generally between $7 and $10 per lot.
It claims that the three accounts offer different spreads. However, specific spread information is not available.
Trading Platform
MT4, Mobile and Web Forex Trading Top Platform are chosen by MarketGBP to serve for clients of different preferences.
| Trading Platform | Supported | Suitable for |
| MT4 | ✔ | Investors of all experience levels |
| Mobile | ✔ | Traders who trade at any time and from any location with an internet connection |
| Web Forex Trading Top Platform | ✔ | Traders who don't want to download or install apps |
Deposit and Withdrawal
MarketGBP supports a variety of deposit and withdrawal channels, including bank wire, credit cards, debit cards and e-wallets. Although there is no deposit fee, there will be different fees for withdrawal according to the selected method. For example, bank wire transfer withdrawal needs to pay 20 pounds, and PayPal withdrawal charges 2% of the withdrawal amount as a commission.
In addition, it sets a minimum deposit threshold of $100 and a minimum withdrawal limit of $20.
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