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Markets Trade Broker Review

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Markets Trade Review 1

Latest All(1) Neutral(1)
Neutral
Low-Cost Deposits & Withdrawals, Smooth Transactions

Deposit and withdrawal ok, cheap fee

FX3773893677
2024-04-18

  

Markets Trade 2025 Review: Everything You Need to Know

  Summary: The Markets Trade broker has garnered mixed reviews in recent analyses, primarily due to its regulatory status and user experience. While it offers a wide range of trading instruments and competitive spreads, concerns about its offshore registration and customer service availability persist.

  Note: It is essential to consider that Markets Trade operates through various entities across different regions, which may affect the trading conditions and regulatory oversight applicable to clients.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 6
Tools and Resources 7
Customer Service and Support 5
Trading Setup (Experience) 6
Trustworthiness 6
User Experience 5

  How We Rated the Broker: Our ratings are based on a comprehensive analysis of user experiences, expert opinions, and factual data from various sources.

  

Broker Overview

  Founded in 2008, Markets Trade has established itself as a global brokerage firm, providing a platform for trading various financial instruments. The broker offers access to popular platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), catering to both novice and experienced traders. Clients can trade a diverse array of assets, including forex, commodities, cryptocurrencies, indices, and stocks. The broker is regulated by several authorities, including the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the UK.

  

Detailed Breakdown

  

Regulatory Regions

  Markets Trade operates under various regulatory bodies, including the FCA in the UK, CySEC in Cyprus, and the Australian Securities and Investments Commission (ASIC). However, it is also registered in offshore jurisdictions, which raises concerns about oversight and trader protection. As such, clients should be aware of the specific regulations applicable to their region.

  

Deposit/Withdrawal Currencies

  Markets Trade supports multiple currencies for deposits and withdrawals, including USD, EUR, GBP, and more. However, clients should confirm the availability of specific currencies based on their geographic location.

  

Minimum Deposit

  The minimum deposit requirement for opening an account with Markets Trade is set at $100, which is relatively accessible for new traders looking to enter the forex market.

  

Bonuses/Promotions

  Markets Trade does not appear to offer significant bonuses or promotional incentives, focusing instead on providing a straightforward trading experience without complex promotional conditions.

  

Tradable Asset Categories

  Traders on Markets Trade can access a broad range of assets, including:

  • Forex: Over 60 currency pairs, including major, minor, and exotic pairs.
  • Commodities: A selection of 23 commodities, including precious metals and energy products.
  • Cryptocurrencies: Approximately 25 cryptocurrency CFDs available for trading.
  • Indices and Stocks: Access to a wide range of indices and stocks, with a focus on major markets.

  

Costs (Spreads, Fees, Commissions)

  Markets Trade employs a spread-based pricing model, with spreads starting as low as 0.6 pips for major currency pairs. However, some sources indicate that trading costs may be higher than industry averages for certain assets. There are no commission fees for trading, but overnight fees may apply for positions held beyond a day.

  

Leverage

  The leverage offered by Markets Trade varies by region and account type, with retail clients typically receiving leverage up to 1:30, while professional clients can access leverage up to 1:300. This flexibility allows traders to adjust their risk exposure according to their strategies.

  

Allowed Trading Platforms

  Markets Trade provides access to several platforms, including its proprietary web-based platform, as well as MT4 and MT5. The platforms are equipped with various trading tools, including technical indicators and real-time market analysis.

  

Restricted Regions

  Markets Trade does not accept clients from certain countries, including the United States, Canada, and Japan, due to regulatory restrictions. Prospective traders should verify their eligibility before attempting to open an account.

  

Available Customer Service Languages

  The customer support team at Markets Trade offers assistance in multiple languages, including English, Spanish, and others. However, the availability of support is limited to weekdays, which may not meet the needs of all traders.

  

Ratings Recap

Category Rating (out of 10)
Account Conditions 6
Tools and Resources 7
Customer Service and Support 5
Trading Setup (Experience) 6
Trustworthiness 6
User Experience 5

  

Detailed Breakdown of Ratings

  • Account Conditions (6): Markets Trade offers competitive account conditions, but the offshore registration raises concerns about trust and security.
  • Tools and Resources (7): The broker provides a variety of trading tools, including advanced charting and market analysis features, enhancing the trading experience.
  • Customer Service and Support (5): While support is available, the limited hours and mixed reviews indicate room for improvement in responsiveness.
  • Trading Setup (Experience) (6): The trading experience is generally positive, but some users report challenges with platform navigation and execution speeds during volatile market conditions.
  • Trustworthiness (6): The presence of multiple regulatory bodies adds a layer of trust, but the offshore registration creates a level of uncertainty.
  • User Experience (5): User feedback suggests that while the platform is functional, it may not be the most intuitive for beginners.

  In conclusion, the Markets Trade broker presents a mixed bag of opportunities and challenges for traders. While it offers a diverse range of assets and competitive spreads, regulatory concerns and customer service limitations should be carefully considered before engaging in trading activities.

Markets Trade review