In our MarketStep Review, we discuss a broker that offers a wide variety of crypto instruments for trading. Can you become a successful crypto trader on this platform, or will you expose yourself to significant risks by working with this project? Let’s break it down.
Is MarketStep a Trusted Platform?
No, MarketStep cannot be trusted — there’s no doubt about it. The primary issue lies in its lack of a trading license or regulation. While the company claims otherwise, even mentioning an offshore regulator from Saint Vincent and the Grenadines in the website footer, a quick check of the country’s corporate registry reveals that this organization does not exist.
Some traders may think the absence of a license isn’t a big problem, but it is. MarketStep’s issues go even deeper — it’s not even officially registered as a company. For instance, its user agreement oddly states that any disputes will be resolved under UK jurisdiction. However, a search of the UK corporate registry reveals no trace of such an entity either.
The risks for clients are vast. For instance, clients could receive misleading trading signals, experience arbitrary blocking of withdrawals, or have their deposits frozen and confiscated. Personal data could also be compromised. Funds might be taken as hidden commissions or penalties. Why does this happen?
Because MarketStep is a scam — a fake broker with no registration or license.
Concerned About Withdrawal?
While the website design and information tables are visually appealing, the platform’s administration and developers failed to provide transparency regarding deposits and withdrawals. Cryptocurrency is the primary means of transaction, but no details about withdrawal fees are provided. Additionally, there’s no mention of the minimum deposit or leverage offered.
How Long Does The Broker Work?
The information provided by MarketStep itself is extremely limited, and the company does not disclose when it began operations. However, using external tools like WHOIS to analyze domain registration data reveals that the domain was only registered in October 2024.
This short operational period raises doubts about the quality and reliability of the service. Attention! This review belongs to InvestExpertHub.
Other Signs of Fraud
❗Despite being a relatively new project, there are already negative reviews and exposés circulating online, with numerous accusations of fraud.
âť—Lack of transparency around trading conditions.
❗No information about the project’s owners or management team.
MarketStep Review Conclusions
You should absolutely avoid working with MarketStep! The risk of losing your funds is extremely high, and recovering them will likely be impossible. This is an unregulated and illegal organization operating without a license
Advantages and Drawbacks
âž•None.
âž–No license.
âž–Short time on the market.
âž–Trading conditions are not disclosed.
FAQ
How is MarketStep regulated?
It isn’t. MarketStep is a completely anonymous website with no license or registration.
Is it safe to work with this broker?
No, you’re highly likely to lose your money
How can I get my money back?
If you transferred cryptocurrency, you’ll need to contact law enforcement. In such cases, even chargeback services cannot guarantee the recovery of your funds.
Brief Conditions
|
Type |
Crypto |
|
Location |
Netherlands |
|
Establishment Year |
2024 |
|
Regulation |
❌ |
|
Customer Service |
|
|
Languages |
En |
|
Demo Account |
❌ |
|
Mobile Trading |
âś… |
|
Web-based Trading |
âś… |
|
Bonuses |
❌ |
|
Minimum Deposit |
❌ |
|
Max. Leverage |
❌ |
|
Scalping Allowed |
âś… |