MarketsVox

Introduction

MarketVox is an Offshore broker operating in the Forex and CFD markets, and provides trading services such as Social Trading, proprietary accounts, and many different types of financial instruments. The company has increased its global presence since being founded in 2018. This article will consider the companies background, products, regulatory support, trading environment, fees and market sentiment to assist traders make a well-informed decision.

Corporate Background & Overview

The original company name was ForexVox when launched in 2018. MarketVox is a co-founded by Joe Roeder (previously at GKFX), and Stuart Pettman (who has experience in Financial Technology with EconQ) and re-branded to MarketVox in January 2023 to show that MarketVox has expanded its offerings beyond just currency trading.

MarketVox's registered legal headquarters are in Victoria, Seychelles although most of MarketVox's operational support and management are located in London and Ukraine as well as Mexico. In late 2024, MarketVox appointed Alberto Degan to the position of Head of LATAM with the intention of furthering development in the Latin American market. MarketVox also launched the MVFunded proprietary trading programme in late 2024 in an attempt to create new trading opportunities.

Trading Platforms and Services

Platforms

MarketVox provides the following platforms to its clients:

MetaTrader 4 (MT4)

MetaTrader 5 (MT5)

EconQ: A proprietary platform that allows users to utilize the functionality within Telegram to provide social trading and copying functionalities.

All the above trading platforms can be accessed on Desktop, Web, and Mobile Applications.Types of Accounts and Trading Tools

MarketsVox provides numerous varieties of trading accounts for its clients, including:

A standard trading account

An ECN trading account

A Cent trading account

Proprietary trading accounts funded by an MVFunded account

The asset classes that can be traded on all MarketsVox accounts include:

Different types of Forex trades (major, minor and exotic)

Different types of Index CFDs (for example, NASDAQ, S&P 500 and DAX)

Different types of Commodities trades (for example, gold, oil and silver)

Cryptocurrency trades (for example, Bitcoin and Ethereum)

Metals

Additional Services

MarketsVox offers additional features such as:

Copy trading through a Telegram integration

The ability to set up MAM and PAMM accounts

An API for automated trading

Traders eligible for the MVFunded trading program can earn a profit share of up to 80%

Regulatory Status and Corporate Structure

MarketsVox is regulated by the Seychelles Financial Services Authority ("FSA") and operates under an Offshore Licence. The level of investor protection provided by this regulation is significantly lower than that provided by regulators such as the FCA (UK), or ASIC (Australia). As of 2024, MarketsVox is not included on the major global regulatory warning lists.

MV Technologies Ltd, based in Cyprus, is associated with MarketsVox in terms of Payment Processing but is not licensed as a MiFID Investment Firm.The tipofer that was established by the Federal Trade Commission provides a comprehensive summary of consumer protection information for the financial services industry. The tipofer also contains resources for companies that have been subject to investigation by the Federal Trade Commission (FTC) or the Securities and Exchange Commission (SEC).

ForexVox (Seychelles) Financial Services Ltd: The ForexVox (Seychelles) Financial Services Ltd (ForexVox Financial Services Ltd) has received a number of licences from various jurisdictions, including Australia and the UK. ForexVox Financial Services Ltd is licensed to act as an intermediary and as such, operates in other countries through the Financial Authorities of the respective countries. ForexVox Financial Services Ltd is a trading and investment firm and is based in Seychelles. MV Technologies Ltd. (Payment Facilitator) has been granted the following licencing by the Federal Trade Commission of Canada (FTC): Licence No(s): 2013-001 and 2013-002 (Payment Facilitator); 2013-003 (The Financial Ombudsman Policy). Non-standard payment facilitators do not have to obtain a licence to operate, and instead, may choose to register with the FTC as a Payment Facilitator and be recognised as a Payment Facilitator under Canadian law (therefore licensed); this practice is acceptable. No other Federal Regulatory Authority (FRA) would require them to obtain a Payment Facilitator licence or accept an application for a Payment Facilitator during the application process; this practice is acceptable.

As of 2023, ForexVox (Seychelles) Financial Services Ltd does not have a licence number from the Federal Trade Commission (FTC) or the Bank of Canada (BOC), nor has it been granted an equivalency certificate or an equivalency letter from an organisation approved by the Federal Reserve Board.

ForexVox (Seychelles) Financial Services Ltd, as with other financial institutions that do not have regulatory equivalency and/or cannot meet the licensing standards of their respective countries, will be unable to offer direct banking, pension, or other consumer lending services.

EconQ has a number of affiliate entities that operate in the financial services sector; these are entities that are affiliated with ForexVox as Payment Facilitators and/or Brokers, and operate in different regions through local branches, as ForexVox Financial Services Ltd operates throughout North America, South America, & the United Kingdom.

In 2023 and 2024, as part of its expansion into the North American market and South America, ForexVox is expected to expand into the economies of South America. The economy of South America acts as a safety valve for Forex traders to leverage their trading accounts at lower risk levels than they would encounter in congested trading environments of the United States, Canada, or the UK.

ForexVox has recently rebranded as "MarketsVox," and has significantly strengthened its presence in the market by expanding its social trading capabilities through the EconQ trading software and systems, as well as the development and release of new versions of its proprietary MVFunded trading platform. The MVFunded trading platform has been designed specifically to benefit Forex traders using the MetaTrader 4 and MetaTrader 5 platform systems who do not wish to use ECN (Electronic Currency Network) to trade.

The trading environment of ForexVox - to the extent of its growth as a company - represents an example of how online Forex traders can leverage FX, while at the same time mitigating some of the risks associated with ECN trading.

Furthermore, the rapid expansion of ForexVox as a company demonstrates how ForexVox, in the continued evolution of the Forex industry, has provided Forex traders with an opportunity to access a variety of products at a lower cost and to increase the efficiency of trading operations.