Score
MARKETRIP
United Kingdom|2-5 years| https://www.marketrip.co/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United Kingdom
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
marketrip.co
Server Location
United States
Website Domain Name
marketrip.co
Server IP
34.102.170.221
Company Summary
Note: MARKETRIP's official website:https://www.marketrip.co/ is currently inaccessible normally.
| MARKETRIP Review Summary in Points | |
| Company name | MARKETRIP |
| Registered country/region | United Kingdom |
| Regulation | Unregulated |
| Trading Platforms | web-based platform |
| Market Instruments | CFDs on FX pairs and indices, commodities, precious metals, stocks and cryptocurrencies |
| Demo Account | Not available |
| Minimum Deposit | 250USD/EUR/GBP |
| Maximum Leverage | 1:400 |
| Spread | 3 |
| Customer Support | Phone: 442038079032 |
| Email: support@marketripmail.com | |
MARKETRIP Information
MARKETRIP was established in the United Kingdom. It provides various instruments including CFDs on FX pairs and indices, commodities, precious metals, stocks and cryptocurrencies.
Pros and Cons
| Pros | Cons |
| Various market instruments | Not regulated |
| Website can't be opened now |
Is MARKETRIP Legit?
MARKETRIP's current regulatory status: Unregulated.
What Can I Trade on MARKETRIP?
You can trade dozens of products including CFDs on FX pairs and indices, commodities, precious metals, stocks and cryptocurrencies.
| Tradable Instruments | Supported |
| CFDs | ✔ |
| FX pairs | ✔ |
| indices | ✔ |
| commodities | ✔ |
| precious metals | ✔ |
| stocks | ✔ |
| cryptocurrencies | ✔ |
Account Type
MARKETRIP provides 6 real accounts:Basic, VIP -Invitation only, Diamond, Platinum, Gold, Silver.
| Account Type | Minimum Deposit | Maximum Leverage |
| Basic | 250USD/EUR/GBP | 1:100 |
| Silver | 5,000USD/EUR/GBP | 1:200 |
| Gold | 15,000USD/EUR/GBP | 1:300 |
| Platinum | 50,000USD/EUR/GBP | 1:300 |
| Diamond | 100,000,00USD/EUR/GBP | 1:400 |
| Vip-Invitation only | 250,000,00USD/EUR/GBP | 1:400 |
MARKETRIP Fees
- Maximum Leverage:
Clients can experience leverage of 1:100 on Basic accounts, 1:200 on Silver accounts, up to 1:300 on GoldorPlatinum accounts, and up to 1:400 on Diamond or VIP accounts.
- Spread:
We tested on MARKETRIPs web trading platform and found that the spread on the EUR/USD currency pair was fixed at 3 pips. MARKETRIP also charges some other fees.
- Charge:
If a trader does not trade for 45 days, the broker will charge a monthly inactivity fee of $100. Additionally, there is an additional $100 fee for traders who use automated trading software but do not trade up to a certain volume.
Trading Platform
MARKETRIP says it offers traders two options: Metatrader4 and a web-based platform. However, we only have access to web-based trading platforms.
| Trading Platform | Supported | Available Devices | Suitable for |
| web-based platform | ✔ | Web, PC | Anyone |
| Metatrader4 | ❌ | Web, PC | Anyone |
Deposit and Withdrawal
MARKETRIP accepts deposits via credit/debit cards such as Visa and MasterCard. The minimum deposit is $250. Please note that there is a $25 fee per transfer, and withdrawals via credit card will be subject to a 3.5% fee, which is Visa/MasterCard's standard processing rate.
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| credit cards | $250 | $25 fee per transfer | No mention |
| debit cards | $250 | $25 fee per transfer | No mention |
| Visa | $250 | $25 fee per transfer | No mention |
| MasterCard | $250 | $25 fee per transfer | No mention |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
| credit cards | No mention | No mention | No mention |
| debit cards | No mention | No mention | No mention |
| Visa | No mention | 3.5% fee | No mention |
| MasterCard | No mention | 3.5% fee | No mention |
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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