The website is managed by Gold Coast Advisors Ltd. registered under number 2023-00240 in St. Lucia, the same jurisdiction where it has its office. As for the service, the company promises to give clients a “solid and efficient foundation” for their financial prosperity. It is worth noting that the intermediary has no information about regulation and licensing. In our review, we will look at the trading conditions offered by Marketrocks, as well as learn more about the legal aspects and draw conclusions about the stability and transparency of this broker.
How to Trade
Marketrocks offers clients a platform for desktop and mobile apps and online. The broker supports the trading of traditional and digital currencies, stocks, commodities, spot indices, and metals. It has developed 5 account types with minimum deposits ranging from $250 to $250,000. This allows customers to choose the most suitable option according to their budget and requirements for the instruments to work with. The company provides traders with the following services:
- More than 2000 instruments.
- Minimum lot size 0.01.
- Floating and fixed spreads.
- Islamic accounts, scalping, hedging.
- Protection from negative balance.
- Access to the broker’s Facebook and Instagram accounts.
Marketrocks displays a lot of vague information about trading conditions on the website, such as “low trading commissions”, without disclosing specific fees and other parameters. Payment methods include wire transfers, credit/debit cards, and cryptocurrencies. The minimum withdrawal amount is $50.
Marketrocks provides traders with educational services and market research tools. Account holders with a deposit of $25,000 or more get access to the MetaTrader 5 platform. The company prohibits the use of its services and products in the United States, North Korea, Hong Kong, and Iraq.
Marketrocks Vital Info
The company does not disclose facts about the history of the brand and the names of its owners. Judging by the registration number of the company, the project was launched in 2023. As for the domain, it was created in September 2023. It is worth noting that Marketrocks does not mislead customers about the duration of the brand’s existence and does not attribute non-existent awards or the presence of licenses and offices in Europe.
However, we were alarmed by the information that all documents regulating the broker’s activity, as well as broker-client relationships, are concluded directly between clients and the company Gold Coast Advisors Ltd. It is a bit strange, isn’t it? That is, any potential conflict will be regulated only by the administration of the resource without the intervention of financial commissions and judicial protection of the trader. At the same time, the company declares its right to fine the client up to $1 million for defamation, that is, for a public statement by the user, defaming the reputation of the brand.
Do not believe the data provided by the broker! I compared quotes on this platform with several other sources and found significant discrepancies. I realised late that managers distort data in order to manipulate traders. I spent over $3.5k on trades that should have been profitable!
Market Rocks is a major scam. You set a stop loss at 100 pips and it triggers after 200 pips. This is a very bad broker.
I learned about this platform when I got a call from a Marketrocks representative, he sounded unsure and I didn't like the offer. However, I decided to cooperate after a short period, after reading about the information about the company, I liked the minimum amount to enter $250, it's not a lot of money. I started with 4,000 dollars, and the manager promised me 20% per month, and I got in two months 45%, this income does not bother me :) I spend very little time on trading.
They are crooks and swindlers, and it is impossible to trade with them as within the day because the constant interruptions of communication will not let you work out more or less interesting movements, and in the long term, they do not let you earn, pending orders are not always triggered at the points that you marked! I did not have to withdraw funds from this forex broker as there was nothing left, the scammers drained my deposit completely with their manipulations on the account. I lost €270 here so stay away from Marketrocks!
I was not satisfied with this resource. If you don't believe me, then try to trade here yourself, then you will understand everything. You will have to ask yourself: who earns here - me from the brokerage services or the brokerage company from my investments? Most likely, the second one. There are slippages and requotes on the terminal, almost on every deal. I have not encountered this anywhere else! I can't recommend this broker due to the poor quality of service. It didn’t withdraw money to me, the broker helped me to lose my entire deposit to zero in a few days. Thus, I can't say anything bad or good about the withdrawal, there's none.
Marketrocks.com has the slowest withdrawal time I have ever seen. I used this platform after my experience with two other brokers and my experience has been very good with other brokerages regarding withdrawals, they transfer money within 1-3 days, but Market Rocks sent me an email that my withdrawal request will be treated as a deposit refund and the money will be transferred in 30 days. Avoid this platform!
There is only a pathetic representation of the brokerage here. I experienced complete disregard of my requests after I invested $25k. My funds in my account somehow amazingly "disappeared" and when I tried to find out the reason, the operators in tech support did not provide me with any information. I will give you a scandal!!!
Are you interested in offshore broker MARKETROCKS? This scam of any kind without guarantees? No, I will not cooperate with such obvious scammers, thanks for the invitation :)
The coolest scam service marketrocks is training. You are offered to be trained, as the scammers claim, by professional traders and analysts. And after the training, these "professionals" will accompany your trades. All the money on clients' accounts slowly goes into the pockets of scammers and con artists after such support and monitoring. I managed to realise this quickly and withdraw the rest of the funds. Now I'm not interested in learning from offshore brokers.
I thought working with this broker would be a fun and exciting experience, but it was hell! The managers were constantly getting predictions wrong, the platform was unstable, and our communication was chaotic. MarketRocks has no good organisation of the trading process, no clarity, the client has only stress and anxiety!
I don't write reviews and rarely read them - I consider this activity a waste of time. But I came across some negativity about this broker on the net. I will not refute anything - you decide what is the truth for all of you, but I can say from my experience - the company did not deceive me I cooperate with Marketrocks for six months and earn quite well. I do not persuade anyone, of course, to open an account here, you choose your own terminal to your taste, but I can not imagine that I would have such a good profit if I worked with another company. Yes, the broker can delay the withdrawal of money, yes, slippages happen, but what company doesn't have that? Every broker has income from any transaction of clients, and all traders know it. Only some companies take all the income, and some give people a chance to earn money. This broker is honest and it allows me to earn good money! So guys, either you learn how to trade or change your field. It is possible that some people can't make money trading...
I learned from my own experience that another scam called marketrocks appeared online. I lost a small amount of $330, but still I didn't plan to cooperate with scammers. Once you put your money in the account of this fake broker, you won't get it back :( In my case, it happened just a couple of days after opening a deposit, all my money was debited from the account, although I didn't even trade. Why??! It's not clear to me and tech support doesn't answer me.
I would like to share my impressions about cooperation with this broker. Omitting details, I will note that in general, the broker did not disappoint me, but left a positive impression. My acquaintance with Marketrocks began by accident: I was looking for an assistant in the world of trading, as I have no experience in trading. The consultant was immediately trustworthy due to his extensive experience in the market and he gave me a convincing argument about the legal operation of this firm in Europe. Registering an account did not caused me problems. The personal cabinet is convenient, the interface does not cut my eyes with glare, and I do not have to frantically run my eyes in search of the necessary section :) I started trading with small amounts, I am not very successful yet, but I am sure that all good things will be ahead. The main thing is that the withdrawal of funds is functioning, I managed to check it 2 times already.
I drained all the money from my account thanks to the activity of the company's employees. There can be no profitable trading for a client if he fulfils the recommendations of marketrocks. As for the platform, its owner claims that it is an advanced platform of the company's own development, but in fact, all charts and quotes on the terminal are created by the company's programmers, so almost any of your deal will be in the red. This was the case with me. I lost more than $1,200 literally in 10 days and it was done considering my very conservative trading. By the way, the same strategy brought profit in a month of about 20% at another broker. I advise you to think before you start on marketrocks.com!
I opened a trade yesterday on gold, and set a stop loss at $1,900/oz. When the price reached 1,895, my trade was closed at the stop loss, although according to my calculations, it shouldn't have been. I received a response when contacting marketrocks.com support that it was a "market spike". I suspect this was done artificially by the broker to collect stop losses. I'm very disappointed.
I asked to withdraw all my money, 3,658 euros, and marketrocks just deleted my account, this is a fraudulent broker, I just now found out that this company has no license.
I have been with this broker for 3 months now, my account manager is based in London and he is emotional. At first I had doubts about the terminal, I told the manager that I would start with $250 and see the result, the potential of the platform, and so on... In the end, I entered the market and made 6% in the first month and I got an idea about the functionality of MarketRocks, after that I trade further calmly, without anxiety. I topped up my deposit to $5k and now only withdraw profits, having already withdrawn over three thousand. In general, I am satisfied with the broker, I have a stable income. You should understand that not everything depends on brokers, the trader's character and his greed plays a role. I know that the main thing in trading is not to forget to stop at a dangerous moment so that the level of income does not fall below 4%-5% per month. And then you will succeed :). You can't make $200 a day by investing a thousand, it's unrealistic. I have a good manager, who did not promise me fabulous profits on marketrocks.com, such as 100 -300% per month, but a maximum 15-20%. I get more or less than that. My manager persuaded me for about two months but I didn't want to trade as I didn't have the time. When I became a little free and had time for trading, I agreed and I don't regret it.