The Saint Lucia-based brokerage claims to have been in business for more than 10 years and has about 1 million clients. It also boasts of its “talented team of consultants, experts, and well-organized structure.” However, the official website of the supposedly large international intermediary does not contain any permits for this company.
Will this organization keep your funds safe and secure as they claim, or are these just empty promises? You will find out all the details about the broker in our MMCMarkets review.
How to Trade
Clients have access to 5 markets, 6 account types, and 2 trading platforms. Offers include the following options and services:
- Minimum deposit in the range of 250-500,000 euros.
- Over 200 assets, including Forex and CFDs.
- Leverage from 1:50 to 1:400.
- Bonus funds.
There are no commissions, and spreads are specified in mysterious values – “gold”, “platinum”, which is quite strange. Deposit/withdrawal of funds is possible through any payment systems.
The firm provides Trade Room analysis, tutorials, and 24/5 support. The broker also publishes news on the website.
MMCMarkets Vital Info
The names of the company’s owners and its team of “experts”, as well as the date of its launch, are not disclosed on the website. We wonder why a financial company would hide its data if it operates in good faith? Most likely, because at the time of our review, the platform has only been operating for 2 weeks. This is evidenced by the date of domain creation – September 24, 2024. So what 1 million customers and 10 years of project operation can we talk about?
We decided to check the company’s registration in the Saint Lucia Registry of Legal Entities. As we expected, MMCMarkets Ltd is not on this list. Meanwhile, another company is listed in the website footer – Fortgate Offshore Investment and Legal Services Ltd with an address in St. Lucia, which does exist. However, it has a different domain fortgateoffshore.com, is not engaged in brokerage activities, and has no relation to mmcmarkets.com.
These are scammers who deceive newcomers with their persuasions and promises and swindle money. MMCMARKETS managers promised to help me, but in the end they only helped me to burn my entire deposit. Alice Jenkins (most likely a pseudonym) worked with me for about 10 days. She spoke beautifully, and promised me a good income, and that my deposit was insured, and in case of problems my money would not go anywhere. Alice was sending me signals for trades. However, all my positions went into the red, and she advised me to open counter trades, and then she gave me a forecast to open profitable positions. I opened the trades that Alice predicted, but she wrote to me that I had opened the wrong positions, even though she gave them to me and told me to open them. After that, she did not answer me. All our communication was in messenger, so I could not call Alice myself, she answered my messages when she wanted to, and she justified herself by saying that she has 500 clients like me on mmcmarkets.com. When my entire deposit dropped to zero, she told me that I shouldn't worry as nothing bad happened and I can get that money back but I have to deposit $5,000 into my balance. When I told Alice that I didn't have that kind of money and that she was aware that I had deposited my last available funds, she started accusing me of misunderstanding her advice. When Alice realized that she could no longer get anything out of me, she stopped writing to me. I ended up giving 1,400 dollars to MMCMARKETS scammers.
Overall, this is a very good and professional brokerage company for all traders regardless of their trading experience. I was impressed by the attentiveness of MMCMarkets employees to the client, and the opportunity to earn a lot, if you want. Although, the minimum deposit is large for a newbie like me, but I decided to start trading on mmcmarkets.com. True, at first I didn't fully understand the trading conditions, and I didn't find many parameters before registering on the site. I almost gave up the idea of cooperation, and I decided not to risk it, but MMCMarkets representatives told me that I should not hurry with hasty conclusions. In the end, I am satisfied that they set me up correctly. They advised me that I should learn more about trading from such resources and it will be easier for me to work with this forex broker and earn profits. Now I realize that they were right. I made a profit of 43$ - the total for the first week, and this is a great result!!! I advise you not to hurry to write negative reviews about this platform, if you have not earned anything yet or lost your money - maybe it's not the broker, but you! This is a good brokerage company!
I spent several days communicating with the manager of this company, whose name is David. He was very persistent, but communicated with me with a sense of tact, most likely, most likely he had not worked in this field for long. However, I have learned a lot about Mmcmarkets from external sources and after comparing all the information I concluded that it is a scam. The broker has absolutely all the signs that usually distinguish scammers from worthy companies. This is the absence of a license, publication of fake reviews, and a “crazy” user agreement, in which the brokerage firm gives itself the right to break contractual relations with a trader at any time. Moreover, Mmcmarkets is not obliged to notify its client about it in any way in advance - instant account closure, blacklisting of the trader's e-mail or his IP address is meant in the firm's document. The saddest thing is that a person will not be able to get his money back, even if he accidentally believed these swindlers from Mmcmarkets. That is, if a trader himself registered at mmcmarkets.com, signed an agreement himself, used the trading platform himself, and in the process of allegedly trading he spent all his money, how to prove that the crooks cheated this person by manipulating their platform? You can't. That's why the only way to fight such scam companies is to never contact them at all. That's why I refused to cooperate with the persistent David, but I started receiving calls from other boys - self-righteous and insolent, who don't realize that they don't want to be dealt with!!!! Only scam behaves so cavalierly with their potential customers!!!
I encountered fraud by this brokerage company. I decided to make a second salary by trading and I regretted it a lot. On September 28th I deposited my money in the amount of 500$ to the bank card of an individual indicated to me by a tech support employee, a little later my money actually arrived in the form of 492 USDT to my account in this trading platform. I could see my balance and trade with my money under the guidance of the manager, but soon I realized that I would not be able to withdraw my profits as well as my funds, as the broker does not let me withdraw them under various pretexts. I lost almost everything in 3 days by trading signals of “experts”. If you hear about this brokerage company anywhere, do not contact them ever... I found out now that this broker has no licenses, it is a scammer, keep it in mind!