Motion Markets Broker Review

If you are thinking about getting into online trading or are an experienced trader, a good rule of thumb is to properly research any broker before participating with it. To assist you, we review and debunk scam brokers, allowing you to distinguish between authentic and phony websites.

Regardless of how authentic the Motion Markets website appears to novices and less experienced traders, it is easy for pros to realize that the Motion Markets broker is merely another trading scam. 

Many things appear to be wrong with Motion Markets, beginning with the fact that it is a wholly anonymous business, then a lack of licenses and rules, and finally proof of being an uncovered fraud by the Italian CONSOB.

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In our articles, we review brokers and expose scammers from the US, Canada, Germany, and Czechia to help you spot and stay away from con artists. See all the reasons why you shouldn’t invest with this dodgy brokerage firm in today’s DotBig review.

• Broker status: Unregulated Broker
• Regulated by: Unlicensed Scam Brokerage
• Scammers Websites: motion-markets.com
• Blacklisted as a Scam by: CONSOB
• Owned by: N/A
• Headquarters Country: N/A
• Foundation year: 2015
• Supported Platforms: Web Trader
• Minimum Deposit: 250 USD
• Cryptocurrencies: Yes, Bitcoin, Litecoin, Dogecoin
• Types of Assets: Forex, indices, shares, digital currencies, commodities
• Maximum Leverage: 1:100
• Free Demo Account: No
• Accepts US clients: No

Motion Markets Regulation

The security of funds is guaranteed by statute. To put it another way, only approved brokers who follow a tight code of conduct are safe to trade with. Motion Markets is plainly unlicensed, meaning that it is allowed to engage in fraudulent trading operations. 

To make matters worse, this fraudulent broker does not disclose its headquarters, which implies its jurisdiction is unclear. Furthermore, it is probable that Motion Markets is not even a registered firm. 

As previously stated, there is a link between fund safety and trading credentials. However, there are several other benefits to investing with a regulated broker, particularly those certified by top financial agencies such as ASIC, BaFin, and FCA. 

It is not surprising given that these awarding authorities are trustworthy and stringent – every broker under their supervision is trustworthy and sustainable. One of the licensing needs, for example, is meeting capital standards (keeping several million dollars in working capital). Furthermore, legitimate brokerage businesses are continually regulated, and any regulation violations are fined.

Furthermore, traders are protected against broker bankruptcy by indemnity plans provided by these market regulators. ASIC, for example, will pay up to $100,000 AUD.

Needless to say that Motion Markets can’t offer any of this since it is nowhere near enough to hold FCA, BaFin, ASIC, or any other trading certification due to being blacklisted by CONSOB (the Italian financial market regulator).

Motion Markets is an evident trading fraud that has been warned against by the Italian financial authorities. Any transactions with this fraudulent broker will be financially disastrous for you.

Trading Platforms

When it comes to the Motion Markets online trader, this phony broker claims that it has numerous innovative features such as an easy-to-use interface, real-time market information, and dynamic and flexible charts. This may dazzle newcomers, however these aspects are minimal, hardly sufficient for trade. 

For lucrative and secure trading, we recommend MetaTrader 4, MetaTrader 5, cTrader, and Sirix, which are only available through reputable brokers. Stop loss, EAs, and social trading are just a few of the cutting-edge features available on these strong trading platforms to help you limit risks and maximize earnings. For example, social trading allows you to gain by copying and following the most successful traders. Not only that, but they are available on a variety of devices, allowing you to trade from anywhere, at any time.

AnyDesk and TeamViewer

Offering manipulative software such as AnyDesk and TeamViewer is characteristic of a broker scam. These two apps have nothing to do with trading; they are remote control programs rather than trading platforms. As a result, the only logical reason for using them is to obtain access to your computer. 

In layman’s terms, if you download AnyDesk or TeamViewer, the scam artists behind Motion Markets will gain access to your personal information and steal it (a method known as social engineering).

Motion Markets Accounts

Motion Markets, which pretends to be a broker, offers different types of accounts. They do, however, come with significant deposits as well as altered and unpleasant circumstances. Take a peek at what it has to offer.

Basic: minimum deposit of 250 EUR, restricted trading assets

Minimum deposit of 10,000 EUR, typical trading assets

Professional: minimum investment of 50,000 EUR, sophisticated trading assets

Elite: minimum deposit of 250,000 EUR, high-level trading assets

VIP: Minimum deposit of 1,000,000 EUR

This obvious ruse becomes even more absurd when you consider that only Elite account users have complete access to all marketable items. To put it another way, one needs to invest 250K EUR in order to trade using instruments that can be obtained for 10 EUR from legal brokers.

They do not provide a demo account, as is typical of financial con artists. The same is true for Motion Markets. A demo or practice account is a free version that allows traders to practice real-time trading, platforms, and circumstances while developing strategies. As a result, because there is no money involved, it is unappealing to scammers. 

Legitimate brokers, on the other hand, provide demo accounts as well as ongoing assistance and a wealth of instructional materials to help you become a better trader.

Motion Markets’ Trading Conditions

Motion Markets’ trading conditions are as deceptive and disgusting as the organization itself. Motion Markets, for example, offers 10% to 20% incentives despite the fact that they are outlawed by many financial regulators owing to abuse. The bonus policy requires that a trader satisfy some ridiculous requirements in order to get them, and they cannot be retracted. 

Furthermore, this phony broker reportedly allows you to set a 100% margin call threshold, which means you will be alerted if your margin goes below this amount. Furthermore, with Motion Markets’ clear and great swap rates, you can allegedly buy low and sell high.

Furthermore, the leverage ratio ranges from 1:100 to a stunning 1:1000, which is more than ten times greater than permitted; in the EU/UK, it is 1:30, while in the US, it is 1:50. Leverage is a potent instrument for gaining power, but it must be used with caution since it is a two-edged sword. 

Scam brokers provide absurdly high leverage merely to entice you; they don’t care about putting your money at danger. Furthermore, ultra-low spreads ranging from 0.13 to 0.0 pips are used to tempt you to trade.

Minimum Deposit, Withdrawal Terms, and Fees

Payment methods accepted at Motion Markets include credit/debit cards, wire transfers, and bitcoins. Deposit processing period for credit cards ranges from 3-5 days to 24 hours, while wire transfers/crypto are fast. Funding costs for crypto wallets are $0, whereas credit cards/banks vary.

The minimum deposit is $250 USD, which is greater than the industry standard. You may establish an account with a legitimate corporation for $10 USD.

Withdrawals are meant to be handled in the same manner as deposits; however, there is little information available. Payoff fees and processing times are not disclosed. In any case, because it is a complete hoax, there are no promises of money release.

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