MarketsCap (marketscap.com) has been flagged by ASIC (Australia) for "Unlicensed". Search IC001 for other entities related to this alert. Link to warnings from overseas regulators: BCSC https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2020/marketscap
Phones: +442036957531
Addresses: Suite 305, Griffith Corporate Centre, P.O. Box 1510, Kingstown, S... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: marketscap.com.
MarketsCap (marketscap.com) 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: Multi-device support|Helpful community forum|Risk management tools
Cons: No integrated tax optimization
After for about three months with MarketsCap (marketscap.com) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Clear documentation|Demo account available|Fast execution
Cons: Alert system is basic|Mobile app could be improved