Moon Markets: broker reviews in 2022
Moon Markets is a CFD broker committed to providing premium service. Currently, more than 11 million traders are collaborating with the company. Initial reviews of Moon Markets have recently emerged, raising some doubts. We decided to conduct our own investigation and share our findings with you.
Company History Analysis
Moon Markets claims to have 10 years of experience in financial markets and aims to make trading accessible and convenient for traders worldwide. Positive reviews in Russian indicate active interaction with the Russian-speaking audience. However, upon checking the company’s history, it became clear that the information about a long work experience does not match reality, as moon-markets.io was launched on August 4, 2022.
Clients also report that the company previously had another website called MOON-X. After negative feedback about MOON-X, the company rebranded to Moon Markets with minimal changes. Contact information is limited to only email and social media pages, which may hinder user feedback.
Legal Documentation
Moon Markets is owned by Moon Markets LLC, registered in Saint Vincent and the Grenadines. The company claims to have a license according to local laws, but this is not confirmed. The local regulator does not issue licenses to brokerage companies, only listing them as legal entities. The previous project MOON-X was already blacklisted by the Central Bank of Russia, increasing risks for Moon Markets.
Trading Conditions and Risk Management
Moon Markets offers clients a choice of three tariff plans with different conditions. Despite promises of educational materials, technical support, and other benefits, detailed information on trading conditions is not provided sufficiently, which may lead to trader mistrust.
- Entry threshold – UNI (0-5,000$), PRO (5,000-30,000$), PRIME (from 30,000$)
- No commissions for fund deposits/withdrawals
- Promises of access to personal manager services, proprietary trading signals, etc.
User Reviews
Recent reviews of Moon Markets raise doubts. There is a belief that the company uses fake reviews to enhance its reputation. Reviews from real clients also support skepticism towards the company’s operations, indicating possible risks for traders.
Operational Features
Moon Markets follows a standard fraud scheme, attracting clients with attractive trading conditions but not fully delivering on them. Many traders face difficulties when trying to withdraw their funds, increasing risks for investors.
Conclusion
An independent review of Moon Markets’ operations shows that the company may not live up to its promises and trading conditions. Caution and attentiveness are necessary when choosing a broker to collaborate with, considering potential negative reviews and risks associated with Moon Markets’ operations.
I am extremely dissatisfied with the broker’s work at Moon Markets, as their incompetence and lack of professionalism have significantly compromised my investment strategy in 2022.