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Is MarketHouse regulated in Thailand?
Anubavsheik
Thailand
2023-09-08
ANSWER No, there are no indications that MarketHouse is regulated in Thailand. In fact, it is an unlicensed broker warned by a financial regulatory body.The failure of MarketHouse to disclose any regulatory information is a significant scam indicator. Legitimate brokers always prominently display their accreditation and licenses to instill transparency and trust, whereas the lack of such information may suggest it is a scam.Despite having an address in Netherlands, MarketHouse fails to get a license from the Dutch Authority for the Financial Markets (AFM). Furthermore, its illegal operations have drawn a warning from the Ontario Securities Commission (OSC). The OSC explicitly stated that this broker is not registered in Ontario to engage in the business of trading in securities.Therefore, BrokersView strongly suggests investors stay away from MarketHouse, which poses significant risks to investors. Traders dealing with this platform are vulnerable to fraud and identity theft, as there are no rules in place to protect their interests. To mitigate such risks, we highly recommend choosing a fully regulated broker instead.
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