We would not recommend anyone sign up with Markets Yes. The broker cannot provide the superb quality of trading services. Markets Yes has a quite controversial reputation, which is the reason why your money can be in danger if you deal with them. However, do not take our word for it. Check the full Markets Yes review to discover the truth!
Markets Yes Review
Markets Yes Review: Company Information
Markets Yes website claims to offer its services from the heart of London. The broker also states to be a regulated business. We have tried to verify this information, but the results turned out to be more than just upsetting. First of all, Markets Yes is a brokerage firm located in the offshore location and has nothing to do with London or the UK. It is known that Markets Yes is owned by Settlement Company Corp. This company has headquarters in St. Vincent and the Grenadines. Moreover, the broker says to be compliant with the laws of the Vanuatu Island. This is not sufficient proof of the internationally recognized license.
Market Yes Reviews: Trading Accounts
Markets Yes offers 5 live trading accounts to pick. You can the list of their features on the image below. Strangely enough, the broker states that there is a free demo account available. However, at the registration stage there is no possibility to activate it.
For the Basic account, Markets Yes does not provide any trading bonuses or education. Such a severely limited functionality for the smallest account seems unfair, to say the least. In addition, quite worrying is the fact that Markets Yes scam conceals any data regarding the spread sizes or the maximum leverage for Basic and Standard account.
Perhaps the tiny plus of this broker are the tight spreads for Intermediate, Diamond Pro and Black accounts:
- Intermediate – from 0,015
- Diamond Pro – from 0,01
- Black – from 0,008
However, Markets Yes Forex broker remains a fraud. The access to these spreads requires making a generous deposit, which we do not recommend doing. Overall, such tight spreads do not matter much when evaluating the quality of this broker’s services.
The maximum leverage available at this broker is 1:200 for Forex trading and 1:20 for CFDs, stocks, ETFs and bonds.
Market Yes Trading Platform Review
The only platform available on this website is Markets Yes proprietary web-based platform. This trading platform provides an access to more than 450 tradable assets. It can be launched not only via PC, but also by using the iOS and Android mobile devices.
Yet another disappointment is the lack of the alternative options at marketsyes.com scam. This means that the broker does not offer the well-known platforms like MT4 or cTrader, which many traders are familiar with.
Market Yes Review: Customer Support
The client support is one of the weakest sides of Market Yes. First of all, the communication options seem limited. There is only a UK phone number, the email and live chat support. The phone support agents are not resourceful and can answer only basic questions. The support via email and live chat were comparatively better. The website has also developed FAQ, but it is pretty general at the moment of this Market Yes review.
The trader can fund the account via wire transfers, debit or credit cards like Visa and MasterCard. Unfortunately, the broker does not allow to make any transfers with the help of Skrill, Neteller, PayPal or Sofort.