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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