MRC Markets Review 2024

MRC Markets Review 2024

Updated:
Updated: October 06, 2023

Summary of MRC Markets Trading Company

The company was founded in 1972 in Vienna (Austria) and initially was called Money Field. The primary activity was provision of brokerage services in the stock market: initially the company operated in the European markets, than advanced to the American market, so that clients could make trades on the New York Stock Exchange and the Chicago Stock Exchange.

User Satisfaction i

3 comments
Total score:
2 /10

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Cheaper
3 years ago

When I requested a withdrawal from MRC Markets, they demanded a bunch of documents from me. Although at registration I provided all the documents. And most importantly, they demanded to provide documents signed by a notary. But nowhere in the regulations is it said about it. When I refused, MRC Markets blocked my account.

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sarath4u2
2 years ago

When I first opened an account with MRC Markets, everything was fine. But then problems began to come. The spread for some pairs reached 80 pips!! This is despite the fact that the spread on these pairs did not exceed 10 points for other brokers!!

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mochethe1
3 years ago

MRC Markets are absolute scams. They survived as a "broker" for several years and fled with the traders' money. I opened an account in 2012, and then they ran away with my money.

Contacts

We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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FAQs

Why has MRC Markets been placed on the Forex Broker Blacklist?

Possible reasons:
• multiple complaints have been filed against MRC Markets by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of MRC Markets is down, not updated or operates with clear errors and some features are not available;
• MRC Markets has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.

What should I do if MRC Markets got blacklisted and I still have money in my account?

Don’t panic right away. First, try to find out the reason why MRC Markets got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.

What should I do if I cannot withdraw my money from MRC Markets?

If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.

Is there any chance to recover my money if MRC Markets is a scam?

On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.

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