Market2Cap Review: Market2cap.com is a Shady Broker

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Market2Cap Review
  • Fund Safety
  • Regulation
0.3

Summary

Market2Cap anonymity is the first thing we noted about them. They have not mentioned their parent company or their jurisdiction. We even checked their Terms and Conditions and found no helpful information. All legal companies must include details of their parent firm and its regulators.

Market2Cap’s only aim is to scam unsuspecting investors. All the information they have provided is scanty and leaves more questions than answers. To thrive in the forex trading business, deal only with honest and trustworthy crypto brokers. These firms are transparent and will ensure you have all the details you need for a smooth trading experience. However, if you work with a sham broker, you will lose your money under mysterious circumstances.

Market2Cap Review, Market2Cap Company

As an investor, one is always aware of the risks associated with any business. Also, some businesses are not as legit as they claim. It is, therefore, crucial to conduct a thorough background check about a company before investing in it. Also, invest in more than one forex broker and see which gives a better trading experience.

About Market2cap.com

The website gives the impression that it has millions of customers, even asking people to join others who have discovered smarter trading opportunities. They have, however, not provided any data to support this claim. They have also not given any statistical information about their profitability. Market2Cap claims to be an international company but does not specify which countries they serve.

According to whois.com, the website domain was registered in March 2021 and will expire in 2025. This broker plans to be in operation for only a couple of years. We tried to download some of the trading software indicated on the website, but we could not find it. One of the requirements was that the account had to be approved before accessing the software. Legit brokers don’t have such conditions.

Contact Details

To reach Market2Cap, you can send an email or use Jivo Chat. When we tried the latter, we learned it asks for details such as name and contact. This communication process is too long. In case one has an emergency, trying to get assistance would be very frustrating. The authorities will also have a hard time reaching the company.

Market2cap.com Review, Market2cap.com Features

A legitimate company must at least have a working phone number and physical address. This will help reach the broker if one needs clarification about an issue. Also, having a physical address helps to win customers’ confidence.

Market2Cap Regulation Status

Market2Cap anonymity is the first thing we noted about them. They have not mentioned their parent company or their jurisdiction. We even checked their Terms and Conditions and found no helpful information. All legal companies must include details of their parent firm and its regulators.

Without this information, it is hard to establish their legitimacy. The Australian Securities and Exchanges Commission (ASIC) recently issued a warning against this broker, noting that they have not licensed them to conduct any financial services business. Anyone working with them, therefore, does so at their own risk.

With such a warning from a primary financial watchdog, it is clear that this broker is illegal. Working with such a broker is dangerous because they’re unlikely to fulfill it no matter what they promise. Even when the broker promises something like a welcome bonus, they may use this as a marketing gimmick with no intention of fulfilling it.

Market2Cap Trading Conditions

The broker has no trading analytical tools and does not indicate which trading instruments you can buy or sell. Without this information, it’s hard to establish what this firm is about. It only proves they are pretending to offer forex trading services, but in actual sense, that’s not what they do.

As a trader, one also needs to know about the different types of accounts, spread and leverage. Without this crucial data, weighing the pros and cons of any broker is hard.

Final Verdict

Market2Cap is a scam broker. All our investigations proved that the broker’s mission is to scam many. Their anonymity and lack of transparency were some of the key red flags we identified. The firm is also unlicensed, thus making it very risky to trade with them.

Avoid this scammer and, instead, invest with honest and trustworthy brokers. With regulated brokers, you can be sure your money is safe even if the broker was to go bankrupt. They are required to have a segregated account in case of such an eventuality.

 

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