Business
License
Locus Markets offers a trading account that provides access to various financial instruments, including forex currency pairs, metals, cryptocurrencies, indices, and oil. The accounts come with flexible leverage options ranging from 1:100 to 1:800, and spreads starting from 0 pips, which can be advantageous for traders looking to maximize their trading potential. However, it is important to note that Locus Markets does not fall under any valid regulations, which raises concerns about the safety and legitimacy of trading with this broker.
Opening a brokerage account with Locus Markets involves a straightforward process. Here are the steps:
Visit the Official Website: Although the official site is currently inaccessible, you would typically begin by navigating to Locus Markets' website.
Choose Account Type: Decide on the type of trading account you wish to open, which may include options for different asset classes and leverage.
Provide Personal Information: Fill out the application form with your personal details, including your name, contact information, and financial background.
Deposit Funds: The minimum initial deposit requirement is said to be $250. You can fund your account via crypto wallets or bank transfers.
Account Verification: After submitting your application, you may need to verify your identity and financial information as part of the regulatory requirements.
Start Trading: Once your account is funded and verified, you can begin trading on the MetaTrader 5 platform.
Please exercise caution, as user reviews indicate potential issues with withdrawals and customer support.