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Market Brokeage

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Operating status: SCAM

Website: https://www.marketbrokeage.com/

Broker violations and abnormal records
  • 2023-08-14 The UK FCA issues a warning against Market Brokeage

    On August 15, 2023, the Financial Conduct Authority (FCA) issued a warning against Market Brokeage, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/market-brokeage-marketbrokeagecom

    On August 15, 2023, the Financial Conduct Authority (FCA) issued a warning against Market Brokeage, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/market-brokeage-marketbrokeagecom
  • 2023-08-15 BrokersView has reviewed that Market Brokeage is an unregulated broker

    Firstly, Market Brokeage uses a general template as its website design, which is often used by scammers. Not suprisingly, the regulatory status it claims is fake. While it claims to be regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Sector Conduct Authority (FSCA), there are no data from these two regulators support its legitimacy.

    Furthermore, Market Brokeage's claim that it is regulated by the Financial Conduct Authority (FCA) has been denied by a warning issued by the FCA. The FCA has warned the public of this unauthorized firm.

    In essence, Market Brokeage is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam. 

    Firstly, Market Brokeage uses a general template as its website design, which is often used by scammers. Not suprisingly, the regulatory status it claims is fake. While it claims to be regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Sector Conduct Authority (FSCA), there are no data from these two regulators support its legitimacy.Furthermore, Market Brokeage's claim that it is regulated by the Financial Conduct Authority (FCA) has been denied by a warning issued by the FCA. The FCA has warned the public of this unauthorized firm.In essence, Market Brokeage is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam. 

Related Complaints

Q&A

What credit cards are allowed to use on Market Brokeage?

Jamie Ignatius
Russia
2023-09-12
ANSWER The website of Market Brokeage cannot be reached now, which is a significant scam indicator as numerous scammers have disappeared by disabling their websites and applications.According to BrokersView's records, there are several red flags of Market Brokeage. It employed a shoddy, generic website template which is popular among scammers. This template includes unfounded claims about regulatory status and company profiles. For example, Market Brokeage claims to be regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Sector Conduct Authority (FSCA). Not surprisingly, our search for the platform in the databases of these two regulators didn't yield any matching results.Moreover, Market Brokeage also falsely claimed to be regulated by the Financial Conduct Authority (FCA). To warn the public of this unauthorized firm, the FCA has issued a warning against Market Brokeage, saying it is illegally providing financial services and products in the UK.Therefore, Market Brokeage is a scam and we strongly suggest you avoid the fake platform. Entrusting the broker with your funds and personal information is highly risky, as there are no rules in place to safeguard your interests. If any violation occurs, no rules in place to prevent fraud and identity theft, which could be financially and personally devastating. To mitigate such risks, it is advisable to choose a fully regulated broker instead.
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