Markets Cube is an unlicensed and offshore Forex broker that opened in 2017.
They were owned by: Legal Consultancy EOOD in Bulgaria, and now they are owned by Prisma Global Ltd. Located at: Ajeltake Road, Ajeltake Island, Majuro Marshall Islands MH96960. Their listed phone number in Ireland is: +35314378872, and their customer support email address is: firstname.lastname@example.org. Official website is: MarketsCube.com.
For typical complaints about Forex brokers, read this.
Markets Cube Review
The trading software that the broker Markets Cube uses is called Sirix. It is available as a web based trading platform, and you can download the mobile apps for Android and Apple devices. Markets Cube offers a variety of underlying assets for trading including; Major and Minor Forex pairs, Stock Market Indexes, Shares, Oil, Gold, and Silver. We did not see any Crypto Currency pairs available.
Minimum deposit amount for a new trading account was not displayed on their site. This broker offers your Bonus Money, which may sound like a good idea, but it leads to many complaints by new investors who do not understand how it works, read this.
Is Markets Cube a Regulated Broker?
When reviewing a new Forex broker, the first thing a serious investor looks for, is a valid brokerage firm license.
No, Markets Cube is not a regulated broker. Their website says that payments are processed by: PayOpt Services LTD, Registration Number HE361993, Spyrou Kyprianou 84, Limassol Cyprus. The FCA in England issues a warning about this broker in 2018, see here.
The reason people will only use a licensed broker, is so that in the event that the brokerage firm goes out of business, their money is protected by a government regulator. There are many licensed Forex brokers who you can trade with, see below. In the United Kingdom, brokers are licensed and authorised by FCA, and in Cyprus the financial regulator is CySEC.
Compare The Best Brokers
Who is the Best Forex broker, is a very general question, because each investor has their own requirements in a broker. Smart investors always have their primary broker, and a backup broker. You can see our list of most popular brokers.
Register your Free Trading Account at: ForTrade.com.
What was your experience trading and investing with MarketsCube? Please share your thoughts in the comments section below.