Review – A Markets Pilot Scam? All You Need to Know

Is Markets Pilot a Scam or a Legitimate Broker?

Several months ago, I’ve stumbled into Markets Pilot and it really got my attention. As a trader interested in cryptocurrency trading, I wasn’t too happy with what my previous broker was providing, so I opened an account with marketspilot.com and explored some of the most important trading features. This review will try to answer the question of whether Markets Pilot is a scam or a legitimate broker? In case you are also looking for a cryptocurrency trading platform, read my piece of research to find out more.

What Markets Pilot has to offer for traders?

Markets Pilot is an online trading brand providing multiple functionalities for traders wanting to trade crypto. Via a proprietary platform, multiple educational resources, enhanced trading conditions, and reliable customer support, the broker ensures that cryptocurrency trading is available worldwide. Except for residents in the US, anyone can open an account with Markets Pilot and benefit from all the trading features currently provided by the broker.

Markets Pilot trading platform – is it unique?

In terms of the Sirix platform, my opinion is that there are no other similar platforms on the market. Aside from the usual features, you need to trade (advanced charting, risk management tools, etc.) this one also has social trading capabilities. Integrated into the platform, the social stream will show live all the latest trades placed by several expert traders part of the program. You can also see their P/L and the number of copiers. Available via a browser or desktop, and also on Android/iOS devices, Sirix can be used at any point and from any device you have.

How many assets can you trade with Markets Pilot?

This is where things get really exciting because Markets Pilot has the broadest coverage for cryptocurrencies in the market. There are not less than 90 different cryptocurrencies currently available, and the company keeps adding new ones. You are able to trade crypto against fiat (EUR or USD) and at the same time benefit from tens of different other tokens denominated in BTC, ETH, XMR, or USDT.

Keep in mind that Markets Pilot is providing only cryptocurrencies. If you want to trade other asset classes, that’s not possible right now with this broker. Still, with so many cryptocurrencies supported, finding opportunities daily should not be a problem.

Markets Pilot customer service – What is my impression?

There’s nothing I can argue about the customer support service provided by Markets Pilot. I contacted a representative via the live chat feature before opening an account and I’ve received all the information I wanted. At the same time, the broker can be contacted via phone or email. The live chat remains the most convenient option since you can rely very fast upon. Very good and friendly customer support, with representatives showing professionalism and work ethic.

Account Opening with Markets Pilot

The account opening process is smooth and fast. You fill in your details and the account is opened within seconds. Once logged into the dashboard, you can make a fast deposit using a credit/debit card. However, that’s not the case when it comes to the withdrawal process.

To make a withdrawal, Markets Pilot requires all customers to provide personal information details and at the same time, some identification documents. I wasn’t able to withdraw money from my account until I passed the verification process. That happens due to the KYC/AML Policy that’s in place.

Deposits and withdrawals

I think the account funding options available at Markets Pilot are decent. The broker could add some e-wallet payment options, but in the meantime, you can use a credit/debit card or wire transfer. The minimum deposit required is 250 USD/EUR/GBP and there are no fees attached (except if your bank will charge you anything).

To make a withdrawal, you must first contact your account manager, so ensure no one will make unauthorized operations with your account. The two methods available are credit/debit card or wire transfer. The average waiting time for approval of withdrawal is 7-15 business days.

Conclusion – Is Markets Pilot a scam?

Based on my personal experience, I don’t think Markets Pilot is a scheme or a scam. The company is completely open with regards to its services and only the ones interested will open an account. In case you want access to a huge number of cryptocurrency instruments, then Markets Pilot is one of the few reliable options currently available.

I did not manage to find another broker with more than 90 different cryptocurrencies and because of that, I’m still trading crypto with Markets Pilot. Hope my review was helpful. If you need more information about the services provides, go to marketspilot.com and check out all the details and what are some of the benefits of working with this brand.