Have you ever invested money online and lost it? Are you still passionate about forex trading but worried about losing your cash? You’re not alone.
Forex trading is a goldmine, and everyone is trying to grab a share.
Read this in-depth Marketrip review to find out if it’s a safe place to invest your hard-earned cash or if it’s just a scam.
If you had tried Marketrip before and lost your money, schedule a free consultation with us. We have a team of knowledgeable and experienced professionals who will help you recover your lost money.
But first, here is everything you need to know about Marketrip.
A Candid Marketrip Review
Marketrip is a forex broker that came into this business in 2019. To date, the real owner of Marketrip remains unknown. Its website doesn’t mention anything to do with the ownership and location of the broker.
When trading or investing in online platforms, every detail matters. How will you invest your money on a platform where the owner is unknown?
Does this mean Marketrip is a scam? Find out more below.
Is Marketrip Legit?
Don’t rush to invest your money at Marketrip when you don’t even know what it is all about. Any online forex broker must be regulated by a reputable body.
Is Marketrip regulated by any financial body? Let’s find out more about the legitimacy of Marketrip.
An overview of Marketrip
Marketrip is an offshore forex broker trading in a wide range of assets such as stocks, indices, commodities, CFDs for cryptocurrencies, forex pairs, and many more.
It has various account types, including Silver, Basic, Gold and VIP among others. Banking can be done via wire transfers, Visa, Skrill, MasterCard, and Citi Bank.
The Bait: Some “Good” Features About Marketrip
Marketrip claims that it serves its customers uniquely.
However, do not fully rely on the information it puts up.
Here are more features that Marketrip uses to bait you:
1. No deposit fees
You won’t be charged a cent when depositing into your Marketrip account.
However, the broker recommends that you check with your credit card company or bank to confirm any charges on money transfers. It still stands by the fact that you won’t get charged any deposit fees, unless your financial institution imposes a third-party charge.
2. Education heavy platform
If you are a novice investor passionate about trading and investing online, Marketrip claims that it will hold your hand and walk with you to success.
It has tons of resources and tools that it uses as proof of this.
You can choose from a wide array of e-books available at Marketrip, both at novice and experienced levels.
You can also learn how to become an independent trader through video courses on the platform. No time to go through its informative articles? You can watch its tutorial videos on your mobile devices at any time and place.
And no, this does not justify its legitimacy. The people behind it know that being packed with educative material can easily fool people to believe it’s a valuable broker.
3. Compatible platform
Marketrip wants you to have an easy time on its platform. That’s why it has optimized its platform to give you a seamless trading experience.
You can access it on any computer or mobile device. This means you can trade at any time and at any place you want. The site is also fully equipped with powerful tools like live date feeds and customized charts to help you reach your desired goals.
You have access to multiple assets, including cryptocurrencies, CFDs, and FX under a single wallet.
4. Trading signals
Here’s one of the strangest features; Marketrip purports to have accurate trading signals. This is a blatant lie.
In fact, you need to subscribe to this service so that you can receive the signals.
In short, you’ll be paying money and receiving signals that will not help you in your trading experience. That can make you a frustrated trader.
Wait! There’s more.
Marketrip scam signals
Let us look at the other side of the coin. Is it safe to trade with Marketrip? Does it have a real owner and location? Does it have some negative reviews from its customers? Check this out:
The legality and location of Marketrip is questionable
Marketrip has no corporate identity; no one knows who owns or operates it and where it is located. There is nothing, not even a valid registration number, to guarantee its legality.
It is anonymous and unregulated. You all know how dangerous it is to trade or do any business with an anonymous person or company. In case of any problem or if you lose your money on such a site, you won’t have any legal protection.
Marketrip claims to be under St. Vincent and Grenadines’ (SVG’s) laws.
However, this is a popular location for unlawful brokers.
There are no solid forex trade regulations in this region, which makes Marketrip a scam forex trader.
If you look at Marketrip’s terms and conditions, you will find no valuable information.
The only contact information provided by Marketrip is a phone number traced to the UK. But we all know it is possible to get a contact number of any country without being in that country, all thanks to technology.
No specified withdrawal method
Marketrip allows you to deposit money in several ways, including wire transfer and Skrill. It even goes ahead and claims that it does not charge any fee on deposits. This is just a way to encourage you to deposit more money in your account so that you can get scammed.
The broker does not offer any tangible information about withdrawals. In fact, there is no specified method to withdraw money other than a “withdraw funds” button on the site.
Here’s what a user said in Forex Peace Army:
Marketrip review conclusion: Is it a scam?
Yes, Marketrip is a scam.
Any novice player will rush to trade with Marketrip after being enticed by its educational tools and materials, mobile compatibility, and claims of accurate signals.
However, Marketrip gives you useless signals. Withdrawal is a pain. It exists in limbo. No legal identity. No regulation. In fact, it can disappear any time with your hard-earned money. Have nothing to do with this unregulated scam forex broker.
Are you a victim of Marketrip? Have you lost money to any forex scam? All is not lost. Book a free consultation with Wealth Recovery Expert (WRE). We can help you recover your money, fast.