MarketGBP Forex Broker

MarketGBP Review SummaryFounded2-5 yearsRegistered Country/RegionUnited KingdomRegulationUnregulatedMarket InstrumentsForex, Indices, Commodities, Precious MetalsDemo AccountAvailableLeverageUp to 1:100SpreadAround 2.5 pips for major currency pairsTrading PlatformMetaTrader 4 (MT4), Mobile, Web Forex TradingMin Deposit$100Customer SupportEmail: support@marketgbp.comMarketGBP Information MarketGBP is a financial trading company in the United Kingdom that has been operating for two to five years and offers more than 45 types of market options trading, but the lack of effective regulation has raised security problems.Pros and ConsPros Cons Offers diverse market instrumentsOperates without regulationProvides various account typesLimited information on specific market instrumentsLeverage ratio of 1:100 for GBP/USD tradingUnavailable websiteUtilizes popular MT4 platform for tradingImposes commissions on clientsProvides mobile and web trading platformsMinimum deposit requiredOffers a demo account for risk-free practiceOnly email customer supportIs MarketGBP Legit? MarketGBPis currently in a state of no effective supervision, which means that its activities are not supervised by the government or financial institutions. Therefore, there is a high risk of investment with MarketGBP.What Can I Trade on MarketGBP? MarketGBP offers traders the opportunity to trade FOREX(EUR/USD, GBP/JPY, USD/CAD, and AUD/NZD), INDICES(S&P 500, FTSE 100, NASDAQ, and Nikkei 225), COMMODITIES(crude oil, natural gas, corn, and soybeans) and PRECIOUS METALS(gold, silver, platinum, and palladium). Tradable Instruments Supported Commodities✔Forex✔Currencies❌Crypto currencies❌Indices✔Precious metals✔Binary Options❌Mutual Funds❌Futures❌Account Types MarketGBPoffers three live account types, namely Standard Account, Premium Account, and VIP Account. The Standard Account is suitable for direct trading mode. The Premium Account, compared to standard accounts, provides additional benefits and services. The VIP Account offers exclusive perks and personalized services for high volume traders.Leverage The leverage for GBP/USD trading in MarketGBP is 1:100.MarketGBP Fees MarketGBP collects spreads and commissions from its clients. Spreads in major currency pairs average about 2.5 pips, while commissions can vary depending on volume, but are generally between $7 and $10 per lot. It claims that the three accounts offer different spreads. However, specific spread information is not available.Trading Platform MT4, Mobile and Web Forex Trading Top Platform are chosen by MarketGBP to serve for clients of different preferences.Trading PlatformSupported Suitable for MT4✔Investors of all experience levelsMobile✔Traders who trade at any time and from any location with an internet connectionWeb Forex Trading Top Platform✔Traders who don't want to download or install appsDeposit and Withdrawal MarketGBP supports a variety of deposit and withdrawal channels, including bank wire, credit cards, debit cards and e-wallets. Although there is no deposit fee, there will be different fees for withdrawal according to the selected method. For example, bank wire transfer withdrawal needs to pay 20 pounds, and PayPal withdrawal charges 2% of the withdrawal amount as a commission. In addition, it sets a minimum deposit threshold of $100 and a minimum withdrawal limit of $20.