Trade Markets Forex Broker

Note: Trade Marketss official site - https://trademarkets.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only. General Information Trade Markets Review Summary Founded 2022 Registered Country/Region South-Africa Regulation Counterfeit dealer Market Instruments Crypto, forex, metals and energies, indices and shares Demo Account Unavailable Leverage N/A EUR/ USD Spreads N/A Trading Platforms The Web Trader, MT4 Minimum Deposit $250 Customer Support phone What is Trade Markets？ Trade Markets, founded in 2022 and registered in South Africa, claims to offer a variety of trading instruments across different asset classes. Notably, Trade Markets offers the MT4 and Web Trader platforms for trading. However, it is important to exercise caution when considering Trade Markets as an investment option. Recent reports suggest that Trade Markets is involved in counterfeit activities and lacks valid regulation, which implies a lack of oversight from government or financial authorities. Furthermore, the unavailability of their official website raises concerns of a possible abscondment by the trading platform. In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance. Pros & Cons Pros Cons • Account variety • Website is unavailable • A range of trading instruments • A counterfeit dealer • MT4 supported • No demo accounts • Limited communication channels • No social media presence • High minimum deposit amount Trade Markets Alternative Brokers There are many alternative brokers to Trade Markets depending on the specific needs and preferences of the trader. Some popular options include: Axi – A well-regulated and respected trading broker with a range of advanced trading tools, making it an excellent choice for professional traders seeking advanced trading capabilities. Forex Club - A well-established forex broker offering a wide range of trading instruments, educational resources, and a user-friendly platform for traders of all experience levels. LegacyFX - A leading brokerage firm providing comprehensive trading solutions across a wide range of financial instruments, including forex, stocks, commodities, and indices. Is Trade Markets Safe or Scam？ Trade Markets is proved to be a counterfeit dealer and therefore it currently has no valid regulation, which means that there is no government or financial authority oversighting their operations. Besides, the official website of Trade Markets is inaccessible, indicating that the trading platform may have absconded. These make investing with them risky. If you are considering investing with Trade Markets, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected. Market Instruments Trade Markets offers a variety of trading instruments across different asset classes, including crypto, currency pairs, forex, metals and energies, indices and shares. Crypto: Trade cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and more. You can speculate on their price movements and take advantage of the volatility in the cryptocurrency market. Currency pairs: Trade major, minor, and exotic currency pairs in the forex market. You can take positions on the exchange rate between two different currencies, such as EUR/USD, GBP/JPY, or USD/CAD. Forex: Apart from currency pairs, Trade Markets offers trading in the forex market. You can trade on various currency pairs and take advantage of the fluctuations in exchange rates. Metals and energies: Trade precious metals like gold, silver, platinum, or palladium. Additionally, you can also trade energy commodities like oil (Brent and WTI crude oil) and natural gas. Indices: Trade major stock market indices such as the S&P 500, Dow Jones, Nasdaq, FTSE 100, DAX, and more. These indices represent the performance of a basket of stocks and allow you to speculate on the overall market direction. Shares: Trade individual company stocks listed on major stock exchanges globally. You can choose from a wide range of companies across different sectors and regions. Accounts Trade Markets offers a range of account types, including Silver, Gold, Platinum, and VIP accounts, to cater to the varying needs and preferences of different traders. The Silver account is the most affordable option, with a minimum deposit requirement of 250 units. This low minimum deposit allows individuals to get started and test live trading without having to risk a significant amount of capital. The Silver account provides access to basic features and trading tools, allowing traders to participate in the markets and explore different trading strategies. Traders who are looking for additional features and benefits can opt for the Gold, Platinum, or VIP accounts, which may require higher minimum deposits. These higher-tier accounts typically offer enhanced services, such as personalized account managers, prioritized customer support, advanced trading tools, educational resources, and exclusive bonuses. Trading Platforms Trade Markets provides two popular trading platforms for its clients: MetaTrader 4 (MT4) and the Web Trader. These platforms offer a user-friendly interface and a wide range of tools to facilitate efficient and convenient trading experiences. MetaTrader 4 (MT4) is a widely recognized and widely used trading platform in the industry. It is known for its advanced charting capabilities, technical analysis tools, and automated trading features. With MT4, traders have access to a vast library of custom indicators, trading robots (Expert Advisors), and scripts. These tools can help traders analyze the markets, implement various trading strategies, and automate their trading processes. MT4 also supports multiple timeframes, real-time market quotes, and different order types. It is available as a downloadable application for desktop and mobile devices, allowing traders to trade on the go. The Web Trader platform provided by Trade Markets offers a browser-based trading experience. This means that traders can access their trading accounts from any web browser without needing to download and install additional software. The Web Trader platform is designed to be intuitive and easy to navigate, making it suitable for traders of all experience levels. It provides real-time market quotes, interactive charts, and a comprehensive set of trading tools and indicators. With Web Trader, traders can execute trades, manage their positions, access account information, and perform market analysis directly from their browsers. This platform offers flexibility and convenience, allowing traders to access their accounts from any device with an internet connection. See the trading platform comparison table below: Broker Trading Platform Trade Markets MT4, the Web Trader Axi MT4 Forex Club MT4, MT5, Libertex LegacyFX MT5 Deposits & Withdrawals Trade Markets offers a variety of deposit and withdrawal methods to provide convenience and flexibility for its clients. Here is a brief description of some of the available options: Credit/Debit Card: Trade Markets accepts deposits and withdrawals through major credit and debit cards, such as Visa and Mastercard. This method allows for quick and secure transactions, making it a popular choice for many traders. Deposits are typically processed instantly, allowing traders to start trading immediately. Withdrawals may take a bit longer due to processing times imposed by financial institutions. Wire Transfer: Traders can also deposit and withdraw funds through wire transfer, which involves transferring money directly from their bank accounts to their Trade Markets trading accounts. While wire transfers may take longer than other methods, they are a reliable and secure way of transferring larger sums of money. It's important to note that banks may charge fees for wire transfers, and processing times may vary. PayPal: As a popular online payment platform, PayPal is widely accepted by Trade Markets for both deposits and withdrawals. Traders can link their PayPal accounts to their Trade Markets trading accounts, allowing for fast and secure transactions. Deposits made through PayPal are usually processed instantly, while withdrawals may take a bit longer due to processing times and additional security measures. Skrill: Skrill is another e-payment system accepted by Trade Markets. It provides a quick and convenient way of depositing and withdrawing funds. Traders can link their Skrill accounts to their Trade Markets trading accounts, enabling them to transfer funds securely and without delays. Sofort, Trustly, EPS: These are additional online payment methods accepted by Trade Markets. Sofort is widely used in Europe and allows for instant bank transfers. Trustly is available across multiple European countries and provides a quick and secure way to transfer funds directly from a bank account. EPS is an online payment system used by banks in Austria. These methods offer convenient options for traders based in specific regions. Trade Markets minimum deposit vs other brokers Trade Markets Most other Minimum Deposit $250 $100 Customer Service Customers can visit their office or get in touch with customer service line using the information provided below: Telephone: +27876557731 Conclusion In conclusion, Trade Markets currently lacks valid regulation and oversight from government or financial authorities. Recent reports indicating its involvement in counterfeit activities and the inaccessibility of its official website raise concerns about the platform's legitimacy and trustworthiness. The absence of regulation and oversight means that investors may face increased risks when dealing with Trade Markets. This lack of accountability and transparency can compromise the safety and security of funds and investments. Frequently Asked Questions (FAQs) Q 1: Is Trade Markets regulated？ A 1: No. It has been verified that this broker currently has no valid regulation. Q 2: How can I contact the customer support team at Trade Markets？ A 2: You can contact via telephone, +27876557731. Q 3: Does Trade Markets offer demo accounts？ A 3: No. Q 4: Does Trade Markets offer the industry leading MT4 & MT5？ A 4: Yes. It supports MT4 and the Web Trader. Q 5: What is the minimum deposit for Trade Markets？ A 5: The minimum initial deposit to open an account is $250. Q 6: Is Trade Markets a good broker for beginners？ A 6: No. It is not a good choice for beginners. Not only because of its counterfeit dealer status, but also because of its inaccessible website.