TRACK MARKETFX has been flagged by Financial Conduct Authority 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.
TRACK MARKETFX 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: Reliable uptime|Risk management tools|Market news feed|Instant funding
Cons: Desktop app not available on Linux|Live chat only during business hours
After for just over a year with TRACK MARKETFX 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: Detailed reporting|Comprehensive tools|Responsive team
Cons: Alert system is basic|No integrated tax optimization
The hidden fees at TRACK MARKETFX are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Wide product range|Clear documentation|Risk management tools|Fast deposits
Cons: Would like more payment methods
I lost a significant amount because TRACK MARKETFX did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Quick verification|Good mobile app|Copy trading available
Cons: Minimum deposit could be lower
I have been trying to close my account with TRACK MARKETFX for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Excellent charting|Tax reports included|Automated trading options
Cons: Email notifications too frequent|Onboarding videos are outdated
The spread at TRACK MARKETFX is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them from a review site like this one and initially thought the platform was good - until I started trading seriously.
Pros: Social trading features|Multi-currency support|Personal attention
Cons: Minor UI glitches occasionally|No live chat on mobile
I wanted to transfer my portfolio from another broker to TRACK MARKETFX. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Reliable uptime|Wide product range|Multi-device support
Cons: Website design could be more modern
Tried to withdraw my funds from TRACK MARKETFX and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Pros: Professional looking website
Cons: No regulatory oversight|Money disappeared|Fake testimonials
I experienced a security concern with my TRACK MARKETFX account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Competitive fees|Intuitive for beginners
Cons: Search feature is basic
If you are reading this considering TRACK MARKETFX - run. I wish I had read more negative reviews after my brother mentioned them. I thought the positive ones were real. Maybe some are. My experience over for over three years has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Fast deposits|Copy trading available
Cons: None so far