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Rating Index
Pros
Low minimum deposit of $5, making it accessible for new traders.
Offers an unlimited demo account facility for practice without the need for an initial deposit.
Wide variety of assets and trading options, including fast expiry times and flexible betting structures.
Cons
Lacks valid regulatory oversight, which may raise concerns about safety and security.
Customer support can be unhelpful, according to some user experiences.
Perceived as more of a betting platform than a trading platform, which may not appeal to traditional traders.
Bet On Markets broker Accounts
Bet On Markets Account Type
Bet On Markets offers two types of accounts for traders: Real Account and Virtual Account.
- Virtual Account:
- Designed for testing the trading system without financial risk.
- Funded with $10,000 in virtual money.
- Allows users to practice trading strategies.
- Real Account:
- Requires a minimum deposit of $25 and a maximum of $25,000.
- Supports multiple currencies including euros, pounds sterling, US dollars, and gold (XAD).
- Minimum stake for each currency is 1 unit, with maximum payouts reaching up to 10,000 units.
- Traders can manage open positions, with limits set at 15 open positions and 10 open orders.
- Choose Account Type:
- Decide between a Real Account or a Virtual Account based on your trading needs.
- Fill Out Application:
- Provide personal information including name, address, and contact details.
- Verification:
- Verify your identity and residency by submitting relevant documents such as a national ID or utility bill.
- Fund Your Account:
- Deposit funds using various methods such as credit card, bank wire, or e-cash methods. The minimum deposit varies by method (e.g., $10 for e-gold, $20 for credit card).
- Start Trading:
- Once your account is funded and verified, you can begin trading on the platform.
Bet On Markets Broker Account Opening Process
Opening an account with Bet On Markets involves several straightforward steps:
Overall, the entire process is designed to be user-friendly and can typically be completed online.
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Bet On Markets accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .