Marketsfly Review – Follow Our Advice If You Want Your Money Back

The first sign that this broker is not legitimate is that they are not sharing any company details, such as addresses, names, or registration numbers. Therefore, why to trust Marketsfly?

Multiple reasons will tell you why not to. But for those, you’ll have to read this Marketsfly review until the end. Make sure to do so if you don’t want to get ripped off in the future.

Broker status:	Unregulated Broker
Regulated by:	No regulations
Operating Status:	Active FX and CFD trading scam
Known Websites:	https://Marketsfly.com/
Blacklisted by:	N/A
Owner:	N/A
Headquarters Country:	N/A
Foundation Year:	2023
Online Trading Platforms:	WebTrader
Mobile Trading:	Not available
Minimum Deposit:	250€
Deposit Bonus:	Available
CFD Trading Option:	Yes, you can trade CFDs
Crypto Asset Trading:	Yes – BTC, ETH, XRM
Available Trading Instruments:	Forex, stocks, cryptos, commodities, indices
Maximum Leverage:	1:500
Islamic Account:	Not available
Free Demo Account:	Not available
Accepts US clients:	US clients are accepted
Global Fraud Protection Experts’ Verdict:	Since the company operates without regulations and has multiple red flags not working with them, there is a high chance you will have withdrawal problems. Since we will present you with all their flaws, don’t hesitate to contact us for solutions as well.

Is Marketsfly Legit or a Scam?

Important to note is that the company’s T&Cs potentially reveal where the company is based.  The governing law for activities on the company’s site is the one of Estonia. Yet, without transparent legal details, it’s hard to check the Finansinspektionen (FI – Estonia) database. Luckily, the domain name can do the job. And the results were disappointing.

Not only the firm is not found in the FI register but also any other top-tier regulated entities list, starting with FCA, ASIC, BaFin, and CFTC. Consequently, funds protection measures the company might offer become meaningless, as you will see from the Marketsfly reviews.

Traders’ Experience With Marketsfly

What’s surprising about Marketsfly broker is that they claim to have operated since 2009. However, the company’s reviews on Trustpilot don’t add up to that story. Firstly, there are only 5 comments about them. Yet, already 80% of negative ones.

As can be seen, traders are mostly reporting withdrawal problems and unexpected losses. But also a connection to the exposed scam company Zertom. If you know more about these fraudsters and their activities, feel free to share it with our refund specialists. Ultimately, they can offer you an adequate solution and funds recovery plan.

How Does Marketsfly Work?

The primary goal of Marketsfly Forex brokers is to make traders trust them. They are prepared to give you everything, just for your first deposit. Once they bond with their clients, ripping them off becomes quite easy. Primarily due to the shady platform they are using that can be easily controlled by account managers.  Fictive results are the easiest way to make someone throw more money away.

But even if you make some profits, they will make a bunch of reasons not to approve any withdrawals. Thus, there are ways to foresee that. Anyway, if you get tricked by this company, don’t hesitate to contact our chargeback team for consultation.

Who Are Marketsfly Victims?

The problem with this brokerage seems to be they are changing domains regularly. But the team and goals remain the same. As can be seen, the company’s domain was registered in December 2023. Do you still believe now they have been operating since 2009?

Anyway, most of the company’s victims so far come from:

• Finland
• Sweden
• United Kingdom

Another broker running similar schemes is exposed in our Future Invest Limited review. But if any of these got your money, don’t hesitate to reach out for advice.

What Are Trading Platforms Available?

Generally speaking, trusted platforms are mainly third-party ones that traders use the most, such as cTrader and Meta Trader. Yet, this broker presents its WebTrader as the “most wanted” platform, simply because of its functionalities, safety, and simplicity. Yet, one of those things is not true.

That’s safety. If you remember suddenly losing money or getting insanely big profits with unregulated brokers, that’s mostly fake. The company’s platform back-end allows them to modify leverage and make it look like you are winning big. Or losing. Whatever they need.

Is the Marketsfly Mobile Trading App Available?

One of the things the company presents as an advantage is trading via browser. Yet, on iOS and Android devices, it can become a nightmare if the platform is not optimized. But even if it is, the old problem remains. Therefore, we suggest you stick to licensed brokers and truly trusted software.

What Financial Instruments Does The Platform Include?

With any broker, there’s at least one thing good. Mostly it’s the same thing – instrument availability. Thus, on a fake platform, you can create anything you want. Anyway, you can trade among five categories:

• Forex – USD/EUR, AUD/HKD
• Indices – DAX30, NASDAQ
• Shares – Amazon, IBM
• Commodities – natural gas, gold
• Cryptos – BTC, BCH

Account Types Offered by Marketsfly

The problem with Marketsfly account types is that those reveal the truth. It’s that the company values more traders who deposit more. You can choose between three accounts, and none of these include micro trading or an Islamic account option:

• Starter – 250€
• Pro – 2.500€
• Business – 25.000€

Can a Trader Use a Marketsfly Demo Account?

Since the company is not regulated, the Marketsfly minimum deposit is not something you can easily throw away. For that reason, traders should have a demo account option to explore the platform and its features. Unfortunately, that’s not the case.

Marketsfly Fees, Spreads, Leverage, and Commission

On the positive side, before you even register an account, you can see red flags. Those are primarily within the company’s leverage of 1:500. Yet if you are operating as a broker in Europe, you can offer a maximum of 1:30 to retail traders according to ESMA.

Fixed spreads starting from 0 pips and $0 commission are only available on a Starter account. Every higher account brings higher costs. Even though starting points are transparent, those can always change.

Is the Marketsfly Welcome Bonus Available?

If you think that the Marketsfly withdrawal procedure will be smooth, make sure to check the bonus policy. Once they realize you are backing out they might offer you extra funds.

However, that will keep you stuck forever because you have to reach a minimum trading volume. Nothing more but 30 times the bonus amount plus the deposit.

Is Marketsfly Withdrawal Possible?

Generally speaking, the procedure should be quite simple. Once you complete the Marketsfly login procedure, you get into clients’ are and simply request a withdrawal with one of the given methods. The minimum amount for wire transfers is 250€ and for other methods 100€.

But the company will charge you quite hefty fees:

• 50€ for wire transfers
• 25€ for card transfers + 7€ processing fee
• 25€ for ePayments

On top of that, there’s a levy of 10% for any withdrawals requested before 200 turnover is reached. Of course, all these fees may change anytime. To learn how to avoid withdrawal traps, read our Skyion Group review as well.

What Should I Do If I Have a Marketsfly Problem?

Since the company is not regulated, you can reach your domestic regulator and report your case. Ultimately, the warning will be issued, and you can expect the company to vanish. But you need to know what to do when that happens.

Primarily, if you are reporting a broker there’s a high chance your withdrawal is rejected. Thus, chargeback and other refund methods can’t be denied that easily. For detailed guidance, book your first consultation for free with our refund team!