Market Giants Review – Is it a Scam or Legit Broker?
Broker status | Offshore Scam Broker |
Regulated by | Unlicensed Forex Provider / No Regulation |
Scammers Websites | Marketgiants.com |
Blacklisted as a Scam by | N/A |
Owned by | Fortunient Limited |
Headquarters Country | UK (allegedly) |
Foundation year | 2014 |
Supported Platforms | N/A |
Minimum Deposit | $300 |
Cryptocurrencies | Forex, commodities, indices, cryptocurrencies |
Types of Assets | Available – BTC, IOT, LINK |
Maximum Leverage | 1:30 |
Free Demo Account | No |
As of May 2023, the broker (Marketgiants.com) has ceased operations. But you can read the article to avoid falling for similar scammers.
Is Market Giants Scam Broker?
Market Giants is a brand owned by Fortunient Limited and allegedly registered in the UK. It does not have a registration number. The company claims it is authorized in many jurisdictions worldwide and is a trusted Forex and CFDs online brokerage.
You will find more information by clicking on the section Market Giants regulation. Although they openly admit that they operate unregulated, they claim it shouldn’t discourage you from investing as you are their top priority. They will lie to you and expect you believe it. Outrageous.
We did not stop there, but we also looked through the Terms and Conditions of the company. The brokerage claimed that it operates under the laws of Saint Vincent & the Grenadines and not the UK. It’s a great place to register a Forex or CFD broker business, since there is no regulator in SVG.
We are happy to tell you the truth now that you have been informed.
Market Giants is an unregulated online brokerage for trading. Although the owner claims to be in the UK, the brand does not have an FCA license. A number of negative reviews indicate a lack in credibility.
Are Market Giants Scam Victims Living in the United States?
Market Giants is a long-lasting scheme. Their website was registered on October 2014 according to the GoDaddy WHOIS database. This company has made a large number of investors who have been defrauded, mostly from:
- US
- Singapore
- Australia
- UK
- UAE
- Canada
We haven’t yet received any regulatory warnings, but your report could change the narrative and help us catch fraudsters red handed.
Trading Software Available on Supported Trading Platforms
Market Giants’ trading platform remains a mystery. A whole page is dedicated to advertising the best platforms, including MT4 or MT5. There are however no download links or software websites.
Scam brokers often use the popularity of third-party platforms like MetaTrader to deceive investors. They believe that they can attract more traders because both MT versions are downloaded millions of times and are the most popular global platforms.
They either don’t have any software or offer TradingView charts with multiple indicators. It’s not worth your time and money.
What can I trade with the Market Giants Broker
Market Giants promotes the following trading assets
- Currency pairs: EUR/USD. AUD/NOK. GBP/SEK
- Commodities – gold, natural gas, soybeans
- Indices – AU200, CAC40, NIKKEI225
- Cryptocurrencies – BCH, USDT, USDC
This is quite strange as the website does not mention shares. This information can’t be verified because it is impossible to access the platform.
Trading Accounts Review: What’s the Difference Between Them?
We believe that you don’t care at all about Market Giants account types. It is clear that you will not invest a penny. Here are some options for you to consider.
- Bronze – $10,000
- Silver – $25,000
- Gold – $50,000
- Premium – $100,000
- Platinum $250,000
Although the amounts are large, the benefits are not that impressive. This is a scam story. It offers risk-free trading, specialized account managers and practical guidance.
The minimum deposit required to be registered with the Help Center is $300
Chargeback Is Your Solution!
A chargeback is the retroactive cancellation and refund of a charge made using your credit card, wire transfer or some other payment methods.
By putting together a compelling chargeback strategy from beginning to end, victims of online fraud have a relatively high probability of recovering some of all of their funds lost.
However, using a trustworthy service such as MyChargeBack is critical in this endeavour as a typical chargeback process can often be complex and drawn out without the right guidance.
Request a free consultation today by clicking the button below!
What is a chargeback?
Chargebacks are a way for your bank to reclaim funds from the merchant. We recommend that you contact us immediately to initiate the process. In a free consultation, we will discuss how to get your money back immediately!
Market Giants: Video
Below you will find a short video about Market Giants. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Market Giants!
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FAQ
- Market Giants: Are they a legitimate broker? Should I invest in them?
Market Giants is not an authorized broker. We may be able to refund any money you have already invested in this fraud if you let us know right away.
- Market Giants offers a demo account
Market Giants does not offer Demo accounts or links to platform access.
- What is the Minimum Deposit for Market Giants?
What is the Minimum Deposit for Market Giants?
To trade, investors must deposit $300. - Market Giants Demo Account: Can I Trade for Free?
We were not able to access the Market Giants Demo account because there is no platform. It's also not listed on the website, which confirms that there isn't one.
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