Marketrocks Review: What Traders Need to Know

Scam brokers buying cheap offshore licences and posing as legitimate companies are becoming more and more common. In fact, almost nothing changes with them, neither their promises to “bring down the stars,” nor their anonymous payment operations, nor the risks for traders. Today, in this Marketrocks review, we’ll talk about yet another platform operating under the control of a questionable regulator. Its creators try to attract clients with claims of 2000+ trading instruments, a modern terminal, and complete fund security. However, many users rightfully fear becoming victims of fraud and losing their money. Want more details about this project? Keep reading below.

Marketrocks Snapshot

Legitimacy Check

According to the official website, Marketrocks is owned by Capital Edge Ltd, a company registered in Comoros Union, Mwali (Moheli). They even provide the firm’s registration number and details about a licence issued by the local financial regulator, Mwali International Services Authority (MISA), including its number.

Verification of these official details reveals several facts:

• Capital Edge Ltd is indeed registered in Comoros Union, Mwali (Moheli), under number HA00224737.
• Marketrocks operates under the management of this company (confirmed by the local financial regulator MISA).
• The company held licence No. BFX2024027, issued by the regulator on March 4, 2024, but failed to pay the renewal fee. In practice, this means the firm/platform has lost its legal right to provide brokerage services, as it is no longer regulated.

Let’s also point out another fact. According to a web archive snapshot from March 22, 2024, before receiving the MISA licence, the broker operated entirely without any authorisation. All it had was the official registration of the managing company (Gold Coast Advisors Ltd.) in Saint Lucia.

It’s worth remembering that MISA is one of the most broker-friendly regulators, placing almost no restrictions on their activities. That said, there’s another possibility the company failed to attract enough clients to generate profits sufficient to cover licence renewal. Either scenario clearly demonstrates the true level of the project.

Marketrocks.com Content Quality

There’s not much to praise when it comes to the official Marketrocks.com website. Even the main page looks mediocre, as if it was assembled by an amateur just starting in web design. There’s a bare minimum of useful written content but an overload of images that barely match the visual style. Designers also failed to implement proper scaling. Page blocks tend to overlap when resizing the window.

Uninformative content is not just a Home Page issue. You only need to glance at these sections:

• Legal & Regulation, which mostly contains a list of documents supposedly governing the relationship between broker and trader. However, no real regulatory details are provided.
• Trading Platforms, where visitors are told about the terminal’s reliability and quality without any actual specifications. There are download links for desktop versions for different operating systems. By the way, this “terminal” is nearly identical to the web version — just launched in a lightweight browser included in the installer.
• Trading Markets, which contains 10-word summaries for each asset group. As for specific info like contract specifications, traders can only dream.

The Marketrocks client registration process also looks mysterious. The user is asked to fill out a basic form with personal and contact information. But they won’t be able to submit it. The reason: a mandatory “Reference Code” field — a clear violation of regulatory guidelines. What’s more, the company doesn’t even offer a partner program. To get the proper code, traders are told to contact support.

Why waste people’s time pretending they can sign up on their own? Might as well just tell them to contact a company rep to get an account created.

Their AML (anti-money laundering) policy implementation is also questionable. In the personal cabinet, there is only one way to fund an account — by bank card. However, instead of using the interface of the broker’s servicing bank, a third-party payment processor PG-Pay (based in Singapore) is used. Notably, the sender doesn’t see the recipient’s banking details.

And withdrawals? Even more interesting. Clients can request funds via international bank wire or cryptocurrency transactions. Looks like Marketrocks has never heard of AML laws. The so-called “policy” on their site seems copy-pasted from somewhere else. Although, to be fair, they could list any methods they want, because their actual intention to pay clients remains highly questionable.

Key Trading Features

Previously, the broker’s website even had a separate page called “Trading Conditions.” However, in the current version of the site, it no longer exists, and the user is forced to gather the necessary information from various sections. Some of it can be found in the account type descriptions.

That said, Marketrocks clearly has no intention of openly sharing such important details. In fact, the only available information includes the minimum trade size of a 0.01 standard lot and the required minimum deposit. For each of the five account types, it is as follows:

• Beginners — $10,000.
• Advanced — $25,000.
• Executive — $100,000.
• Prime — $1,000,000.
• VIP with a deposit upon agreement with company representatives.

The list of options for each account type includes many features that have little to do with actual trading conditions. However, these may play a key role in attracting clients who want to earn fast and large profits without making much effort. These include things like personal manager support, development of individual trading strategies, advanced market analysis, etc. Hoping that trades opened on company representatives’ advice will bring hundreds of percent in returns, such traders are ready to deposit large amounts. Experienced market participants know very well how this usually ends.

There are a few more conditions found elsewhere on the site that are worth noting:

• You can start trading with a deposit of $2,500, regardless of the account type.
• Order execution time is no worse than 20 milliseconds.
• Maximum leverage is 1:200.
• Number of tradable assets exceeds 2000.

Marketrocks Track Record Insight

All that’s left is to check how long this company has actually been on the market. Since Marketrocks itself provides no such information, we turn to the WHOIS service, which shows the domain registration date — a solid indicator of the broker’s appearance online.

The domain was registered in late September 2023. This date aligns well with the registration number of the company in Saint Lucia, which we saw in the web archive snapshots. It also dates back to 2023 and most likely marks the firm’s founding. The registration in Comoros Union happened significantly later.

Customer Service Overview

All ways to contact Marketrocks support are listed on the Support page of the broker’s website. Here, the word “all” refers to just two options:

• Email: info@marketrocks.com.
• Phone number: +448000488474.

No company address is provided on the site, while the phone number raises immediate questions. It’s a UK-based toll-free number, where the recipient pays for the call. Why does a broker registered in the Comoros Union use a British number? Most likely, Marketrocks does not have a physical office and operates only through a virtual one. This number was probably acquired for that purpose.

In short, ‌contact information is minimal. Instead, there’s a FAQ section that merely duplicates the one found on the homepage. It contains just five question-and-answer pairs and is completely useless.

In the website footer, there are links to the company’s Facebook and Instagram profiles. But here, too, there’s a surprise: the Facebook page belongs to a company called Marketrocks Ltd. However, we know that Marketrocks is merely a trade name. On what grounds was a corporate page created under the guise of a full-fledged legal entity? It seems the project creators are trying to mislead potential clients even in such small details.

Our Verdict

Our Marketrocks review results show that this platform is not a place where profitable trading is possible. Even having an offshore registration and licence should not inspire trust, as the documents issued by the regulator the broker worked with are not recognised internationally. On top of that, the company chose not to renew its licence and has been operating without it for over two months, meaning, outside of any legal framework.

The minimum deposit requirement is also notably high, and a $2,500 loss would be painful even for an experienced trader. Looking at the trading conditions alone, it is clear that such losses are very likely. In our opinion, it is best to avoid any cooperation with this company.

About the author

Alex Banks

Financial Analyst

Alex Banks is a seasoned financial analyst with over 15 years of experience in the trading industry. He has worked with several top-tier investment firms, specializing in long-term investment strategies and market analysis. Alex is now known for his in-depth research and ability to identify stable and reliable brokers that offer consistent performance over extended periods.