Motion Markets Review: Learn More About This Scam Broker

Motion Markets is an illicit broker with a laggy website of poor design that’s missing all the vital company data. The pretentious attitude doesn’t help this scammer seem more legit. 

The fake broker attracts customers with lies of genuine service, best trading conditions, and superior execution speed. A faulty website and defective software can hardly provide any of that. 

Business license, quality teamwork, and a lot of effort to provide the ultimate trading experience for all customers is what regular brokerage agencies aim for. Motion Markets cannot construct a safe and healthy trading environment because their true mission is cyber theft. Hopefully, their activities have stopped, considering the site has shut down unexpectedly.

So how does Motion Markets set their scamming plan in motion? Stay with us and find out from this honest Motion Markets review.

Is Motion Markets a Reliable Broker? The regulation and Security

Motion Markets websites don’t give much material to start with when examining their legitimacy. Since we had no company background data, no contact information, and not even a fictive location, we had to start from scratch. 

Although this concerning insufficiency of crucial information is a clear sign of the broker’s illegal operations, we had to provide solid proof of it. It’s obvious that Motion Markets offers its financial services and products to many areas. The first step in gathering evidence was previewing the directories of permissions that regulatory bodies of different jurisdictions keep. 

FCA, BaFin, ASIC, CySEC, CONSOB, CNMV, FINMA, IIROC, and NFA are some of the most influential financial institutions in the world. None of them has Motion Markets in their lists of brokers with licenses. 

A regulation document is legal proof of the brokerage house following the strictest rules of customer safety and protection. Investments are safe in segregated bank accounts, and risks of losing while trading is reduced by the implementation of leverage restriction and negative balance protection. If the firm goes bankrupt, customers enjoy the protection of deposits through compensational plans. 

With all that, EEA brokers respect a special set of standards (MiFID and ESMA) that ensure transaction transparency and enhanced client protection. 

Overly confident Motion Markets disguises its illegal status with lies but it’s clear they are a scammer.

Broker’s Trading Software Overview

As if Forex trading was child’s play and not a complex and demanding process, Motion Markets offers software designed in accordance with that. The simple, yet useless and unresponsive distribution misses all the usual trading software features that make trading easier and functional. 

Perhaps Motion Markets was just joking when they assembled this terminal, but the result visible is a disgrace in every possible way. The viewable area shows one simple chart that responds on its own accord. 

No basic customization tools exist and not a single indicator is of any practical use. You only have access to several tradable assets and your history of trades. Price movements also seem far from realistic or dependent on real-time changes.

Deposit and Withdrawal Process

As a matter of fact, we were stoked to see Motion Markets provides multiple transferring options such as credit/debit cards, wire transfers, and digital currencies. Scammers prefer crypto depositing as it’s hardly reversible and almost untrackable. 

Since Motion Markets allows funding via credit cards, there’s still a chance to get your money back if you have already deposited it here. Unless 540 days pass since your investment, you can always ask your card issuer for a chargeback. 

The scary part is the fees apply to all transactions. Withdrawing and depositing funds via credit/debit cards Motion Markets charges $35, bank wire transfers $50 and E-wallet transfers $25. As if that’s not enough, the scammer charges an additional $10 per application. The fraud openly declares to reserve the right to charge whatever more fees they wish and wherever they find suitable.

How Does the Scam Implement?

Motion Markets is an unscrupulous online financial services provider that deceives clients and shamelessly snatches their funds. As lovely as their story sounds in the beginning, you should know that their entire organization is built on lies. The dreams and hopes of huge capital are how they lure you into the investment trap. 

Getting out of it is the hard part. The phony broker doesn’t just steal what you deposit. True goals aim for extorting more money by demanding you pay fees, charges, commissions, or taxes for account funding, withdrawals, inactivity, trading, and account closing. 

Every single thing you do will cost you additionally. While the entry fee at Motion Markets is only $250, by the time they are done with you, you will have lost much more. 

Motion Markets Summary

It’s clear as a day – this bogus broker is not providing the services and products they advertise. Motion Markets operates without authorization. The firm cheats, lies, and manipulates information to fulfill its fraudulent goals. Our Motion Markets review presents more than one piece of evidence of that. 

The basic condition every reputable broker meets is the regulation. Local jurisdictional regulators keep an eye on the brokerage activities so you can trade safely. That’s why we always urge our readers to check if their preferred site is properly regulated. Without a license, everything else the agencies offer or do is futile. 

FAQs About Motion Markets Broker