Trading Widgets Forex Broker

Trading Widgets Broker - Complete Information Guide

1. Broker Overview

Company Name and Establishment Date:

Markets Vox, also known as ForexVox, was established in 2008.

Headquarters and Main Offices:

The company is headquartered in Seychelles, specifically at CT House, Office 9A, Providence, Mahe.

Company Nature:

Markets Vox operates as a privately held brokerage firm.

Main Markets and Clientele:

The broker primarily serves retail traders interested in forex and CFD trading. It caters to a diverse clientele, including both novice and experienced traders.

Company Development and Milestones:

Since its inception, Markets Vox has undergone significant growth, establishing itself as a moderate-risk broker with a focus on providing a wide range of trading instruments and services. Important milestones include the introduction of advanced trading tools and features, such as integrated trading widgets within the MT5 platform.

Parent Company or Group Relations:

Markets Vox operates under ForexVox (Seychelles) Financial Services Ltd, which was initially based in London before relocating to Seychelles.

Business Model Overview:

As a trading widgets broker, Markets Vox provides retail forex and CFD trading services, allowing clients to trade a variety of financial instruments, including currency pairs, commodities, indices, and metals.

2. Regulatory and Compliance Information

Main Regulatory Authorities:

Markets Vox is regulated by the Financial Services Authority (FSA) of Seychelles.

Regulatory Numbers:

The broker holds a license number of SD 142 issued by the FSA.

Validity and Scope of Regulatory Licenses:

The FSA license is valid for the provision of financial services in Seychelles, ensuring that Markets Vox operates under the jurisdiction's regulatory framework.

Legal Entities in Different Regions:

Markets Vox operates as ForexVox (Seychelles) Financial Services Ltd in Seychelles. It does not have different legal entities in other regions.

Client Funds Segregation Policy:

The broker implements a client fund segregation policy, ensuring that client funds are kept separate from the companys operational funds, enhancing the safety of client deposits.

Investor Compensation Fund Participation:

Currently, Markets Vox does not participate in any specific investor compensation fund schemes.

KYC and AML Compliance Measures:

Markets Vox adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring clients to verify their identity and address before trading.

3. Trading Products and Services

Number of Forex Currency Pairs and Major Varieties:

Markets Vox offers over 60 forex currency pairs, including major pairs like EUR/USD, GBP/USD, and USD/JPY.

CFD Product Categories (Indices, Commodities, Stocks, Cryptocurrencies):

The broker provides a range of CFDs, including:

• Indices: Major global indices such as the S&P 500 and FTSE 100.
• Commodities: Trading options on precious metals like gold and silver, as well as energy commodities.
• Stocks: Access to a selection of stock CFDs from various global exchanges.
• Cryptocurrencies: Although not a primary offering, Markets Vox has begun to include some cryptocurrency trading options.

Special Products or Unique Trading Varieties:

Markets Vox provides trading widgets that enhance the trading experience by offering tools for market analysis and decision-making directly within the MT5 platform.

Product Update Frequency and New Additions:

The broker regularly updates its product offerings to include new financial instruments and asset classes based on market demand.

Retail Trading Services:

Markets Vox focuses on retail trading, providing users with access to a demo account for practice and various account types without a minimum deposit requirement.

Institutional Client Services:

Currently, Markets Vox primarily caters to retail clients and does not have specific services tailored for institutional clients.

White Label Solutions:

There is no indication that Markets Vox offers white label solutions to other firms at this time.

Asset Management Services:

The broker does not provide asset management services directly but offers features like copy trading and MAM accounts for clients seeking passive investment opportunities.

4. Trading Platforms and Technology

MetaTrader 4/5 Support:

Markets Vox exclusively supports the MetaTrader 5 (MT5) platform, which is known for its advanced trading capabilities and user-friendly interface.

Proprietary Platform Details:

The broker does not offer a proprietary trading platform; instead, it relies on the widely adopted MT5 platform for its trading services.

Web-Based Trading Platform:

The MT5 platform is available in web-based format, allowing traders to access their accounts from any browser without the need to download software.

Mobile Applications:

Markets Vox provides mobile applications for both iOS and Android devices, enabling traders to manage their accounts and execute trades on the go.

Execution Models (ECN, STP, Market Making):

The broker operates on a market-making model, providing clients with direct market access and competitive spreads.

Server Locations and Technical Infrastructure:

Markets Vox utilizes advanced technology infrastructure, including servers located in secure data centers to ensure fast order execution and reliability.

API Access and Automated Trading Support:

The broker offers API access for automated trading, allowing clients to implement algorithmic trading strategies effectively.

5. Account Types and Trading Conditions

Standard Account Conditions:

Markets Vox offers a standard account with:

• Minimum Deposit: No minimum deposit requirement.
• Spreads: Starting from 1 pip.
• Commission: No commission for standard accounts.

Advanced Account Types:

The broker provides different account types, including:

• ECN Account: Lower spreads starting from 0 pips with a commission of $6 per lot.
• Cent Account: Designed for beginners, allowing trading with smaller volumes.

Special Accounts:

Markets Vox offers Islamic accounts that are swap-free, catering to clients who require compliance with Islamic finance principles.

Demo Account Policy:

A free demo account is available for clients to practice trading strategies without financial risk.

Leverage Ratios:

Leverage can go up to 1:2000, depending on the asset class, allowing traders to amplify their trading potential.

Minimum Trade Size:

The minimum trade size is 0.01 lots, accommodating both new and experienced traders.

Overnight Fees Policy:

Markets Vox imposes overnight fees based on the positions held overnight, which are typical for forex trading.

6. Fund Management

Supported Deposit Methods:

Markets Vox accepts various deposit methods, including:

• Bank Transfers
• Credit/Debit Cards
• Electronic Wallets such as Neteller and Skrill.

Minimum Deposit Requirements:

There is no minimum deposit required for standard accounts, although a recommended deposit of $100 is suggested for better trading experience.

Deposit Processing Times:

Deposits are typically processed instantly, allowing clients to start trading immediately.

Deposit Fees:

Markets Vox does not charge any fees for deposits, ensuring that clients can fund their accounts without additional costs.

Withdrawal Methods and Restrictions:

Withdrawals can be made using the same methods as deposits, with a minimum withdrawal amount set at $5.

Withdrawal Processing Times:

Withdrawal requests are processed within one business day, ensuring timely access to funds.

Withdrawal Fee Structure:

There are no withdrawal fees charged by Markets Vox, making it cost-effective for clients to access their funds.

7. Customer Support and Educational Resources

Support Channels:

Markets Vox provides multiple support channels, including:

• Email Support
• Live Chat
• Ticketing System on the Website

Service Hours and Time Zone Coverage:

Customer support is available 24/5, operating during weekdays to assist clients.

Multilingual Support:

The broker offers support in several languages, catering to its diverse client base.

Types of Educational Resources:

Markets Vox provides a limited range of educational resources, including:

• Glossary for Beginners
• Paid Mentorship Services

Market Analysis Services:

Clients receive access to market analysis, including daily updates and insights into market trends.

Trading Tools:

The broker offers various trading tools, including calculators, economic calendars, and analytical widgets integrated into the MT5 platform.

8. Regional Coverage and Restrictions

Main Service Markets:

Markets Vox primarily serves clients from various regions, focusing on retail traders interested in forex and CFD trading.

Regional Office Distribution:

The broker operates from its headquarters in Seychelles, with no additional regional offices reported.

Countries/Regions Not Accepted:

Markets Vox does not accept clients from certain countries, including Belgium, New Zealand, Iran, North Korea, and a few others.

Special Restrictions:

The broker has specific regional limitations based on regulatory requirements, ensuring compliance with local laws.

In conclusion, Markets Vox stands out as a trading widgets broker offering a comprehensive suite of trading services and tools designed to enhance the trading experience for clients. With a focus on regulatory compliance, diverse trading products, and advanced technology, it provides a robust environment for retail traders looking to engage in forex and CFD trading.