In this section we will analyze the Mcoinmarket broker, is a Forex, Cryptocurrency and CFD broker. Is Mcoinmarket really recommended to make an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You may wonder why we made a review on Mcoinmarket… It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, providing key information about the company, we release information that every investor should know before deciding or not, to invest with an investment company.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: STORM COMPLEX LTD and Masterpay LTD.
As to its location, the broker mentions being based in: Bulgaria and Azerbaijan.
If we analyze the regulation of the broker: it is an unregulated broker.
If now we go on to analyze account types that Mcoinmarket offers, we note that they offer 6 different types of account: the Micro Account, the Mini Account, the Silver Account, the Gold Account, the Diamond Account and the VIP Account. We leave an image with a little information about each type of account.
Micro account: up to 1:20 leverage, up to 10% loan, monthly market reviews.
Mini Account- Up to 1:25 leverage, up to 25% loan, monthly market reviews, weekly webinars.
Silver Account- Up to 1:30 Leverage, Up to 35% Loan, Weekly Market Reviews, Weekly Webinars, Live Account Advisor.
Gold Account: up to 1:35 leverage, up to 50% loan, weekly market reviews, weekly webinars, live account advisor, personal agent, weekly one-on-one sessions.
Diamond Account: up to 1:40 leverage, up to 75% loan, daily market reviews, weekly webinars, live account advisor, personal agent, daily one-on-one sessions, invitation to VIP events.
VIP account: up to 1:50 leverage, up to 100% loan, daily market reviews, weekly webinars, live account advisor, personal agent, daily one-on-one sessions, invitation to VIP events, tight spreads, “higher payouts” .
In the following image you can have more information about the types of account. Click here to see the image in full size.
Las platforms to operate that Mcoinmarket offers are: we believe that Mcoinmarket's own platform.
We will now analyze the different resources and aids for the trader that Mcoinmarket provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
Mcoinmarket provides the following help or resources to traders or interested parties (we remind you again that the website does not have a Spanish version): basic explanation about the products that Mcoinmarket offers, not much more really.
Other information about Mcoinmarket
Some more information in case you want to contact the company, or see its website for yourself.
Phone number: unmentioned
Email address: [email protected]
>>> Valuation on Mcoinmarket <<
Ending with this section, in our opinion Do we believe that the Mcoinmarket company is reliable? Should you invest your money with the company?
The truth is that, we believe that it is better to be careful because: it is an unregulated broker, it is based in unsafe countries (such as Bulgaria and Azerbaijan), when looking for valuations on Mcoinmarket we find mostly negative valuations. Another piece of information is that it seems to be another web page (due to the similarities in the web page designs) of the same people behind CarterFS a broker with a terrible reputationAs if that were not enough, the companies mentioned on the Mcoinmarket Masterpay LTD and Masterpay LTD web pages are apparently also related to brokers with a very bad reputation, 2markets, Trader Platinum, J.B. Capitals. We suggest taking extreme caution.
October 2019 update: CNMV, Spanish regulator, has warned about Mcoinmarket, we suggest extreme caution. CNMV also advises that Mcoinmarket is linked to WWW.CAPITAL245.COM, WESTWOODOFE.COM, WWW.BITCOINOIE.COM, WWW.JBCAPITALS.COM and WWW.XCOINBROKER.COM
We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.