Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
9/10 · CriticalNo licence of any kind while taking client deposits; the company states its own trading is not regulated and holds only a Marshall Islands company registration, which is not financial supervision.
Identity & transparency
6/10 · HighLegal entity and addresses are disclosed, but it is an offshore shell with no named owners, deposit bank accounts that change over time, and contact numbers that have shifted between Macau, Hong Kong and Thailand.
Withdrawals & conduct
5/10 · ModerateFund-access complaints exist, including a reported demand to pay a 16 percent tax before withdrawal, but they come from a single source and the pattern is unconfirmed.
Reputation
6/10 · HighThin public footprint with no Trustpilot presence; the limited reports found are negative, and several look-alike sites with withdrawal complaints muddy the name.
Website claims
5/10 · ModerateGrandiose, unverifiable marketing such as 'one of the most complete MT4 broker in the planet' and 'clients in over 75 countries', though it does honestly disclose that it is unregulated.
Operational history
3/10 · LowThe domain has run under this brand since 2017 with continuous archive history, a genuine point in its favour, though the operating company could not be independently dated.
Who they are
A quick desk file on the company behind the brand.
- Brand: MarcoFX (marcofx.com)
- Legal entity: Market Continental Ltd
- Registered: Trust Company Complex, Ajeltake Road, Majuro, Marshall Islands (a standard offshore shell address)
- Operations: Bangkok, Thailand; past contact numbers in Macau and Hong Kong
- Website: marcofx.com, with an Indonesian version at marcofx.id
- Only licence: None. The company states in its own disclaimer that its CFD trading is not regulated.
- Offers: Forex (28 pairs), gold, silver, oil and US stock indices on MetaTrader 4; leverage up to 400:1; minimum deposit 10 US dollars
- Not accepted: Residents of the United States, Iran and Canada (per its own terms)
- Age claim: No founding year is advertised; the domain has existed since 2017
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
No licence claims on record.
Why we reached this verdict
How the evidence adds up.
We rate MarcoFX high risk and unverified. It takes real money for trading while sitting entirely outside any regulator's reach, and the way it handles that money raises clear concerns.
- No regulation at all. There is no licence to check, offshore or otherwise. A Marshall Islands company number is an incorporation, not financial supervision, and it does not protect client funds.
- Money handling is opaque. Deposits are made by manual bank transfer to accounts the site says can change over time, and withdrawals are reviewed and released by hand. That gives the operator full control over whether you are ever paid.
- It solicits across borders without permission. There is an Indonesian site, an Indonesian bank on the withdrawal form, a GMT+7 processing window and past phone numbers in Macau, Hong Kong and Thailand. None of these places licenses it.
- Concerning user reports, not yet confirmed. We found accounts of clients being told to pay a 16 percent 'tax' before a withdrawal, and of the platform being used inside a romance style investment scam. These came from a single source and we could not independently confirm a wider pattern.
- Why not a stronger verdict. No regulator has published a warning against this exact company, and the serious complaints are old and thinly sourced. We will not call a confirmed scam without harder proof, but the profile is dangerous. On our scorecard the weighted risk works out near 6.1 out of 10, which we carry to 62 percent.
Note on operating history: the 9.4-year track record rests on domain registration alone. No company incorporation date could be established, so this is an upper bound rather than a confirmed age.
Evidence ledger
Every finding, with its source and how strongly it points.
E1MarcoFX's own site states its CFD trading is 'not regulated and intermediary services are not provided', while it actively solicits live deposits and open-account sign-ups.
E2The operator is Market Continental Ltd at a Trust Company Complex shell address in Majuro, Marshall Islands, with the trading desk run from Bangkok, Thailand. An offshore company is not financial regulation.
E3Deposits are made by manual bank transfer to an account the site says 'might be changing from time to time', the withdrawal form defaults to an Indonesian bank, and payouts are released by hand within a GMT+7 window. This leaves the operator in full control of withdrawals.
E4marcofx.com was registered on 18 May 2017 and has shown the same MarcoFX brand continuously in archive captures from 2017 to 2025, so the operation is genuinely several years old rather than a fresh front.
E5A search of IOSCO's I-SCAN, which aggregates alerts from 150-plus regulators, returns no warning for MarcoFX; the only near-name match is an unrelated entity, Continental Capital Markets Ltd.
ModerateIOSCO I-SCANE6MarcoFX uses its own name and branding and claims no regulator, so it is not impersonating a licensed firm. The weakness here is the total absence of a licence, not a stolen one.
E7The site makes unverifiable marketing claims such as 'one of the most complete MT4 broker in the planet', 'award-winning' and 'clients in over 75 countries', with no evidence offered.
E8User reports describe being asked to pay a 16 percent 'tax' before a withdrawal and the platform being used inside a romance style investment scam in 2021. These are single-source leads and were not independently corroborated.
Moderatea third-party broker directory
The other side
The strongest case in this broker’s favour.
In fairness to MarcoFX, several points cut the other way, and an honest report has to state them.
- The website has run continuously under this same brand since 2017. Most pure scams do not survive that long under one name.
- It does not pretend to hold a licence it lacks. The disclaimer plainly says the trading is not regulated, which is more honest than the fake tier-one claims many scam sites make.
- It is not impersonating a well known firm. The name and branding are its own, so this is not a clone.
- A real MetaTrader 4 trading server exists under the Market Continental name, so there is a genuine platform behind the site rather than an empty front.
- No financial regulator we checked, including the 150-plus bodies aggregated by IOSCO, has published a warning against MarcoFX.
What would change this
What we would need to see to revise the verdict.
Here is what would move this verdict in either direction.
- Towards scam: a regulator warning naming marcofx.com, or several independent, detailed withdrawal-refusal reports on different platforms with amounts, dates and ticket numbers, would push this to likely or confirmed.
- Towards safe: a genuine, current licence from a recognised regulator, shown on that regulator's own register under Market Continental Ltd, together with a clean record of clients being paid, would lower the risk.
- Evidence that the company had stopped taking deposits and shut down would change this to a defunct-business note rather than an active risk.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Frequently asked questions
Quick answers about this broker’s safety.
Is MarcoFX a scam?
We rate MarcoFX as high risk but unverified, which is not the same as a confirmed scam. It is an unregulated offshore broker that takes deposits with no oversight, and there are user reports of withdrawal problems that we could not fully confirm. We would not deposit money with it.
Is MarcoFX a fraud?
No court or regulator has found MarcoFX guilty of fraud, and we make no such finding. That said, we assess the risk of losing your money as high, because the company is unregulated, controls withdrawals by hand and has drawn complaints about blocked payouts.
Is MarcoFX regulated?
No. MarcoFX holds no financial licence anywhere, and its own website says its CFD trading is not regulated. Its operator, Market Continental Ltd, is only an offshore company registered in the Marshall Islands, which is not financial supervision.
Can I withdraw my money from MarcoFX?
Withdrawals are requested through a form and released manually at the company's discretion, so there is no guarantee. Some users report being asked to pay a 'tax' before any payout. If you have a balance, request it in full now and keep records.
Is my money safe with MarcoFX?
There is no regulator, no compensation scheme and no segregated-account protection, so your deposit depends entirely on the operator's goodwill. We consider money placed with MarcoFX to be at high risk.
Who owns MarcoFX?
MarcoFX is a trading name of Market Continental Ltd, registered at a standard shell-company address in Majuro, Marshall Islands. The site is run from Bangkok, Thailand. No individual owners or directors are named publicly.
How old is MarcoFX?
The marcofx.com website has operated under this brand since 2017, which we confirmed through its registration record and its archive history. A long life, however, does not make an unregulated broker safe.
What is a Marshall Islands registration worth?
Very little for your protection. It means a company exists on paper in an offshore registry. It is not a trading licence and gives you no regulatory recourse if something goes wrong.
Is MarcoFX a clone of another broker?
No. MarcoFX uses its own name and branding and does not copy a regulated firm's identity or licence number. Be aware that several differently spelled look-alike sites exist, so make sure you are dealing with the exact website you intend to.
What does MarcoFX offer and what does it cost to start?
It offers forex, gold, silver, oil and US stock indices on MetaTrader 4, with leverage up to 400:1 and a minimum deposit of 10 US dollars. Very high leverage and a tiny minimum are common at aggressive offshore brokers.
I was asked to pay a tax to withdraw. Is that normal?
No. Legitimate brokers deduct any fees from your existing balance. A demand to send fresh money as 'tax', 'insurance' or an 'unlock fee' before releasing your funds is a classic advance-fee scam pattern. Do not pay it.
What should I do if I was scammed by an online trading platform?
Stop sending money immediately. Report the matter to your local financial regulator and to your bank, which may be able to attempt a recovery of recent transfers. Avoid 'fund recovery' firms that charge an upfront fee, as many are follow-up scams.
What we recommend
The practical takeaway from everything above.
Our advice for anyone considering MarcoFX, or already holding an account there.
- Do not deposit new money. An unregulated broker that controls withdrawals by hand can stop paying at any time, and there is no regulator to appeal to.
- If you have funds there, request a full withdrawal now and keep written records of every request and reply.
- Be very wary if anyone asks you to pay a 'tax', 'fee' or fresh 'deposit' in order to release a withdrawal. Legitimate brokers deduct charges from your balance, they do not demand new payments to free your money.
- If you were introduced to MarcoFX by someone you met online, treat it as a possible investment scam and stop sending money.
- If you have lost money, report it to your local financial regulator and your bank, and avoid any 'recovery' service that asks for an upfront fee.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed October 8, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
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