Pure North Markets Forex Broker

Pure North Markets Forex Broker - Complete Information Guide

1. Broker Overview

Pure North Markets, officially known as Pure North Markets Ltd, was established in 2021. The company is headquartered on the 3rd floor, Manor House, 30 St Georges Street, Port Louis, Mauritius. It operates as a private entity and primarily serves a global clientele interested in various financial instruments.

In its brief history, Pure North Markets has made significant strides in the online trading sector. The company aims to provide comprehensive trading services across multiple asset classes, including forex, commodities, and cryptocurrencies. Although relatively new, it has positioned itself in the competitive landscape of forex brokerage services.

The company is part of a larger corporate structure, having been acquired by Firma Holdings in December 2022. This acquisition is expected to enhance its operational capabilities and expand its market reach. The business model of Pure North Markets focuses on retail forex trading, offering a range of services tailored to individual traders and institutional clients alike.

As a pure north markets broker, it aims to deliver an optimal trading experience by incorporating advanced technologies and providing a wide array of trading options.

2. Regulatory and Compliance Information

Pure North Markets operates without proper regulatory oversight. It does not possess a license from any major financial authority, which raises concerns about its legitimacy. The company is registered in Mauritius but has not disclosed whether it is regulated by the local Financial Services Authority (FSA).

• Regulatory Status: Unregulated
• License Numbers: Not applicable
• License Validity: None
• Legal Entities: Pure North Markets Ltd, Mauritius
• Client Funds Segregation: No information provided
• Investor Compensation Scheme: Not applicable
• KYC and AML Compliance Measures: No specific details available

Potential clients are advised to exercise caution when dealing with unregulated brokers like Pure North Markets, as the absence of oversight can lead to increased risks in trading.

3. Trading Products and Services

Pure North Markets offers a diverse range of trading products, catering to various trading preferences:

• Forex Pairs: The broker provides access to over 100 currency pairs, including major, minor, and exotic currencies.
• CFD Products: The broker also offers Contracts for Difference (CFDs) on indices, commodities, stocks, and cryptocurrencies. This includes popular indices such as the US 30 and major commodities like gold and silver.
• Special Products: The company claims to offer unique trading opportunities, although specific details on these products are limited.
• Product Updates: The frequency of product updates and the introduction of new trading instruments are not specified.
• Retail Trading Services: Pure North Markets focuses on providing retail trading services, although details on institutional services are less clear.
• White Label Solutions: There is no mention of white label solutions or asset management services being offered.

As a pure north markets broker, the emphasis on a wide array of trading products is designed to attract a broad spectrum of traders.

4. Trading Platforms and Technology

Pure North Markets claims to support the MetaTrader 5 trading platform. However, there is no clear link provided for downloading the software, which raises some concerns.

• Platform Support: MetaTrader 4/5 - Not confirmed
• Proprietary Platform: No details available
• Web Trading Platform: Information on a web-based platform is not provided.
• Mobile Application: There is no mention of iOS or Android mobile applications.
• Execution Model: The broker appears to utilize an STP (Straight Through Processing) model, although specifics are not detailed.
• Server Location and Infrastructure: Information on server locations and technological infrastructure is not disclosed.
• API Access and Automated Trading Support: There are no specifics on API access or support for automated trading.

As a pure north markets broker, the technology and platform offerings are critical aspects for traders, but the lack of transparency may deter potential clients.

5. Account Types and Trading Conditions

Pure North Markets offers several account types with varying trading conditions:

• Standard Account: Minimum deposit of $200, with spreads starting from 0.8 pips. Specific commission details are not provided.
• Advanced Account Types: Information on VIP or professional accounts is not available.
• Special Accounts: No specific mention of Islamic or corporate accounts.
• Demo Account Policy: Details on the availability of demo accounts are not provided.
• Leverage Ratios: The broker offers leverage up to 1:500 across different products, which is a high-risk factor for traders.
• Minimum Trade Size: Not specified in the available information.
• Overnight Fees Policy: Information on overnight fees is not available.

With these offerings, Pure North Markets aims to cater to a variety of traders, although the lack of clarity on certain conditions may be a concern for potential clients.

6. Fund Management

Pure North Markets provides limited information regarding its fund management policies:

• Supported Deposit Methods: The broker does not specify accepted deposit methods, which could include bank transfers, credit cards, and e-wallets.
• Minimum Deposit Requirements: The minimum deposit is $200 for the standard account.
• Deposit Processing Time: Not disclosed.
• Deposit Fees: No information provided on any applicable fees.
• Withdrawal Methods and Restrictions: Specific withdrawal methods are not detailed.
• Withdrawal Processing Time: Not specified.
• Withdrawal Fee Structure: No information available.

As a pure north markets broker, transparency regarding fund management practices is crucial for building trust with clients.

7. Customer Support and Educational Resources

Pure North Markets offers various customer support channels, although details are somewhat limited:

• Support Channels: Available through phone, email, and online chat.
• Service Hours and Time Zone Coverage: Not specified.
• Multilingual Support: The languages supported are not detailed.
• Educational Resources: The broker claims to provide webinars, tutorials, and eBooks, although specific offerings are not listed.
• Market Analysis Services: There is no mention of daily analysis, news, or research reports.
• Trading Tools: Information on tools like calculators, calendars, or signal services is not provided.

As a pure north markets broker, the availability of comprehensive customer support and educational resources is vital for trader development and satisfaction.

8. Regional Coverage and Restrictions

Pure North Markets serves a global market, but specific details regarding its regional coverage are limited:

• Primary Service Markets: The broker operates primarily in Mauritius, with potential clients from various regions.
• Regional Office Distribution: No information is provided about additional regional offices.
• Countries/Regions Not Accepted: Specific countries or regions where clients are not accepted are not disclosed.
• Special Restrictions: There are no details on any unique restrictions that may apply to certain regions.

As a pure north markets broker, understanding the geographical limitations is essential for potential clients looking to engage with the platform.

In conclusion, while Pure North Markets presents itself as a comprehensive trading platform for forex and other financial instruments, potential clients should be cautious due to the lack of regulatory oversight and transparency in several operational aspects. As always, thorough research and due diligence are recommended before engaging with any brokerage.