Onlinemarketshare Forex Broker

OnlineMarketShare Forex Broker - Complete Information Guide

1. Broker Overview

　　OnlineMarketShare is a trading name for Share Tech Ltd, which was established in 2020. The company is registered in the Commonwealth of Dominica and primarily operates as an offshore broker. As a private entity, OnlineMarketShare focuses on providing trading services to retail clients, particularly in the forex and CFD markets.

　　The broker aims to cater to a diverse client base, including both novice and experienced traders, by offering a range of financial instruments. Since its inception, OnlineMarketShare has sought to establish itself within the competitive landscape of online trading, emphasizing user-friendly services and accessible trading conditions.

　　Key milestones in the company's development include the launch of its trading platform, which provides clients with access to various financial markets, and the introduction of multiple account types designed to accommodate different trading strategies. The business model of OnlineMarketShare revolves around retail forex trading, with a focus on CFDs across various asset classes, including commodities, indices, and cryptocurrencies.

2. Regulatory and Compliance Information

　　OnlineMarketShare operates as an unregulated broker. This means that it does not fall under the supervision of any major financial regulatory authority, which raises concerns about the safety of client funds. The broker is registered in Dominica, where there is no specific regulatory body overseeing forex trading.

　　Due to its unregulated status, OnlineMarketShare does not offer client fund protection mechanisms such as segregated accounts or participation in investor compensation schemes. This lack of regulation can pose significant risks for traders, as there is no oversight to ensure compliance with industry standards.

　　In terms of compliance, OnlineMarketShare has stated that it adheres to basic Know Your Customer (KYC) and Anti-Money Laundering (AML) measures. However, the lack of a regulatory framework means that the enforcement of these policies may not be as rigorous as with regulated brokers.

3. Trading Products and Services

　　OnlineMarketShare provides a range of trading products primarily focused on forex and CFDs. The broker offers over 145 CFD instruments, including:

• Forex Currency Pairs: A wide selection of major, minor, and exotic currency pairs.
• Indices: Contracts based on major stock indices from various markets.
• Commodities: Including precious metals, energy products, and agricultural commodities.
• Futures: Options on various futures contracts.
• Shares: CFDs on individual stocks from major global markets.

　　Notably, cryptocurrencies are not prominently featured in their offerings, which is a significant gap given the growing demand for digital assets. The broker claims to update its product range regularly, although specific details on the frequency of these updates are not provided.

　　For retail traders, OnlineMarketShare offers trading services that include competitive spreads and leverage options. However, institutional services are not explicitly mentioned, indicating a primary focus on retail clients.

4. Trading Platform and Technology

　　OnlineMarketShare supports the MetaTrader 4 (MT4) platform, which is widely recognized in the trading community for its robust features. The broker offers the basic version of MT4 across desktop, web, and mobile platforms.

• Web-Based Trading: Clients can access the trading platform through their web browsers, allowing for flexible trading without the need for software installation.
• Mobile Application: The MT4 mobile app is available for both iOS and Android devices, enabling traders to manage their accounts and execute trades on the go.
• Execution Model: The broker operates on a Straight Through Processing (STP) model, which allows for direct market access without dealing desks.

　　While the MT4 platform is equipped with essential trading tools, OnlineMarketShare does not provide advanced features such as real-time news feeds or third-party plugins. The technology infrastructure is geared towards ensuring fast order execution and reliable connectivity, although specific details regarding server locations are not disclosed.

5. Account Types and Trading Conditions

　　OnlineMarketShare offers several account types, each with varying conditions:

• Standard Account: Requires a minimum deposit of $250, with spreads starting at 2.8 pips. This account type is suitable for novice traders.
• Gold Account: Offers tighter spreads starting from 1.5 pips but likely requires a higher minimum deposit, though specifics are not disclosed.
• Platinum Account: Provides the best trading conditions with spreads as low as 0.1 pips; details regarding the minimum deposit are not provided.
• Demo Account: Available for traders to practice without financial risk, but specific policies regarding its use are not detailed.

　　Leverage is available up to 1:300, which is standard in the industry, allowing traders to amplify their positions. The minimum trade size is 0.01 lots, catering to both conservative and aggressive trading strategies. Information about overnight fees or swap rates is not clearly stated, which may lead to unexpected costs for traders.

6. Fund Management

　　OnlineMarketShare supports various funding methods, including:

• Bank Transfers
• Credit and Debit Cards

　　The minimum deposit requirement is set at $250 for most account types. Deposits are typically processed quickly, although specific processing times are not mentioned.

　　The broker claims to have no fees for deposits or withdrawals, but clients should verify with their payment providers, as additional charges may apply. Withdrawal requests can be made through the same methods, with a minimum withdrawal amount of $50. However, the processing time for withdrawals is not clearly defined, which may lead to delays.

7. Customer Support and Educational Resources

　　Customer support at OnlineMarketShare is available through several channels:

• Phone Support: +441758688512
• Email Support
• Callback Requests: Clients can request a callback via a form on the website.

　　Support is available during business hours, but there is no indication of 24/5 support, which may limit assistance for traders in different time zones. The broker claims to offer multilingual support, although specific languages are not listed.

　　In terms of educational resources, OnlineMarketShare provides limited materials. The website features a basic FAQ section and a glossary of trading terms, but more comprehensive educational offerings, such as webinars or trading tutorials, are not available. Market analysis services are also minimal, which could hinder traders looking for in-depth research.

8. Regional Coverage and Restrictions

　　OnlineMarketShare primarily serves clients in various regions, but it does not accept customers from the United States. The broker's services are accessible in multiple languages, reflecting its intent to cater to a diverse client base.

　　Details about regional offices are not provided, indicating a centralized operation based in Dominica. The lack of regulatory oversight in certain jurisdictions may limit the broker's appeal to risk-averse traders.

　　In summary, while OnlineMarketShare offers a range of trading products and a user-friendly platform, potential clients should carefully consider the risks associated with trading with an unregulated broker. The absence of robust regulatory oversight raises concerns about the safety of funds and the quality of customer service.