MARKET MAKERS has been flagged by Comisión Nacional del Mercado de Valores for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
MARKET MAKERS changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Demo account available|Two-factor authentication|Multiple order types
Cons: Would like more payment methods
I gave MARKET MAKERS a fair chance. After for about ten months of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Instant funding|Dedicated account manager|Risk management tools
Cons: No dark mode on mobile
MARKET MAKERS advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Responsive team|Multi-device support
Cons: Search feature is basic
I was about to invest with MARKET MAKERS but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Comisión Nacional del Mercado de Valores has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Flagged by Comisión Nacional del Mercado de Valores|Cannot verify credentials
The platform itself is okay, but the customer service at MARKET MAKERS is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Educational resources|Multi-device support
Cons: No live chat on mobile|Would like more payment methods
My withdrawal from MARKET MAKERS was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for a couple of months now of being strung along.
Pros: Easy to use platform|Portfolio tracking tools|Wide product range
Cons: Research section could be deeper
After doing some research AFTER the fact (I know, I should have done this first), I discovered that MARKET MAKERS is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Initially responsive customer service
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
The so-called education at MARKET MAKERS is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for about three months thinking they would help me learn.
Pros: Smooth onboarding|Personal attention|Regular updates
Cons: No live chat on mobile
MARKET MAKERS has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Regular updates|Intuitive for beginners|Two-factor authentication|Instant funding
Cons: Some tools only available on higher tiers
MARKET MAKERS offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Good analytical tools|Stable platform|Professional team
Cons: Withdrawal takes 1-2 business days