Marketrocks Review :Is This Broker Using Paid Reviews?

This unbiased Marketrocks review takes a deep dive into a company known as “Marketrocks” of “marketrocks.com.”

This company which aggressively markets itself as offering a full-powered platform where you can trade a variety of assets came to my attention a few weeks ago.

Its constant brags about offering a so-called versatile and fully capable client trading terminal parked with easy-to-use, and rich features draws many potential investors.

Sounds like a worthy trading platform that is sure to meet your trading needs, right?

Yet, amid all this fanfare and noise, there is a growing number of complaints about this company’s services.

Many traders have complained about losing money to Marketrocks or marketrocks.com fraudulently.

It begs the question; is Marketrocks or marketrocks.com legitimate or a scam?

That is exactly what this independent Marketrocks review aims to demystify. Basically, I’ll be answering this important question, supporting the answer with irrefutable evidence. Before getting into that, here’s a summary of Marketrocks or marketrocks.com.

Returning to the question of whether Marketrocks(marketrocks.com) is legitimate or a scam;

The answer is that this company is fake and not what it claims to be. Just to give you a hint as to why it’s illegitimate, it operates without a license or any regulatory oversight. This is despite the company’s claim of being registered and licensed to operate in St Lucia.  

This kind of deceit tallies perfectly with what we have seen with many scam entities, including ModMount and International Reserve. 

The law in ST Lucia requires all financial services providers to be licensed and registered by the Financial Services Regulatory Authority(FSRA) of St Lucia. 

I searched the authority’s database for Marketrocks and marketrocks.com, but found no results as you can see in the screenshots below:

Marketrocks Review And More Red Flags Showing That Marketrocks or Marketrocks.com Is a Scam

1. Marketrocks’ s Telephone Number Is North American

By now, we know that Marketrocks or marketrocks.com is based in St Lucia, a tiny island nation lying on the eastern Caribbean Sea. What’s more, the company has listed “+18008134960” as its official telephone number on its website—marketrocks.com.

However, this telephone number raises suspicion about the true physical location of the broker. You see, telephone numbers for St Lucia typically begin with +1-758 e.g. +1 754 678 7202,  not +1-800 as indicated by the number in question(+18008134960).

Upon further research, I found out that only North American(US and Canadian) numbers begin with “+1800” or “+1-800” as this number. This implies that the number is operated in either the USA or Canada, suggesting that the broker may be based in one of these countries rather than St Lucia as they claim. 

2. A Suspicious Entity Owns Marketrocks.com 

Again, according to marketrocks.com, Gold Coast Advisors Ltd is the parent company of Marketrocks, a suspicious entity, going by my findings about it.

My investigation into Gold Coast Advisors Ltd revealed the company’s ownership of another entity, similar to Marketrocks, known as “AglobalTrade” or “Aglobaltrade.com.” Alarmingly, aglobaltrade.com has been reported to be a potential scam by Global Fraud Protection.

Additionally, I discovered that Gold Coast Advisors Ltd has been slapped with a warning by the Russian Central Bank due to its illicit financial activities. 

Come to think of it, Gold Coast Advisors Ltd is the entity behind Aglobaltrade.com, a company that has shown to be a potential scam. Similarly, Gold Coast Advisors Ltd has faced issues with the Russian financial authorities over potentially fraudulent activities.

Surprisingly, Gold Coast Advisors Ltd is also the company behind Marketrocks or marketrocks.com.

Don’t you think the latter could also be a fraudulent entity akin to its parent and sister companies; Gold Coast Advisors Ltd and Aglobaltrade, respectively? 

To a skeptical person, Marketrocks’ very close ties with Gold Coast Advisors LTD undoubtedly raises serious concerns about the trustworthiness of Marketrocks. 

3. They Use a Disclaimer Clause Fraudulently To Avoid Transparency

In the company’s terms of service section, under “Data, Communications, and Other Records”, the 11.10. clause states and I quote, “The Company is not obliged to provide the Client with any information or records….”

Essentially, what this clause means is that Marketrocks may not provide essential records and information about it to clients.

Yet according to the industry’s transparency standards, CFD brokerage companies should willingly offer this information upon clients’ request.

Any company that is unwilling to do so lacks transparency. Similarly, any FX or CFD broker who isn’t transparent e.g. Marketrocks or marketrocks.com can’t be deemed trustworthy. 

Marketrocks Review Final Part: My Verdict On Marketrocks(marketrocks.com)

To summarize this comprehensive Marketrocks review, Marketrocks are not good guys to invest with.

They will lead you to deposit money with them after which you’ll not be able to withdraw it as they don’t honor withdrawal requests.

To make matters worse, these fraudsters have bought fake reviews on Scamadviser,  YouTube, and individual blogs. This gives a false impression of a trustworthy trading platform.

Sadly, this deceptive tactic has seen many unsuspecting traders fall into their trap.

I hope this unbiased Marketrocks review helped safeguard your money from Markertrocks, a confirmed scam broker.   

Pursue Your Funds!

Have you fallen victim to Marketrocks or marketrocks.com? Has this entity fraudulently refused to process your withdrawal request? If yes and you have evidence, go to this page to report the scammer and seek help. You may also send an email to scamread@scamreader.info.