PURE Review 1
I send them 9,000 USD. But when I tried to withdraw the 14,500 USD that I had, they refused it. Please help me.




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I send them 9,000 USD. But when I tried to withdraw the 14,500 USD that I had, they refused it. Please help me.
In the ever-evolving landscape of forex trading, Pure Market Broker has emerged as a notable player since its inception. However, its reputation is a mixed bag, with both commendable features and significant drawbacks. This review synthesizes insights from multiple sources to provide a comprehensive overview of Pure Market Broker, focusing on user experiences, expert opinions, and critical features.
Note: It is essential to recognize that Pure Market Broker operates under different entities across regions, which may affect regulatory oversight and user experiences. This review aims for fairness and accuracy by consolidating various perspectives and data.
Category | Score (out of 10) |
---|---|
Account Conditions | 6.0 |
Tools and Resources | 7.0 |
Customer Service & Support | 5.5 |
Trading Experience | 6.5 |
Trustworthiness | 4.0 |
User Experience | 5.0 |
We evaluate brokers based on a combination of user feedback, expert analysis, and key performance indicators.
Established in 2016, Pure Market Broker operates under the jurisdiction of Vanuatu, where it is regulated by the Vanuatu Financial Services Commission (VFSC). The broker offers access to popular trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and provides a range of trading instruments, including forex, CFDs, commodities, and cryptocurrencies. While it positions itself as a straight-through processing (STP) broker, concerns about its regulatory status and the reputation of its parent company, Pure M Global Ltd., have raised eyebrows among traders.
Pure Market Broker is primarily regulated in Vanuatu, which is known for its lax regulatory environment. Although the VFSC oversees its operations, it is considered a tier-3 regulator, which may not provide the same level of investor protection as tier-1 regulators like the FCA or ASIC. This raises concerns about the safety of client funds and the overall trustworthiness of the broker.
The broker supports various deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller. Cryptocurrency transactions are also accepted, allowing for more flexible funding options. However, users should be aware of withdrawal fees, which can vary based on the chosen method.
To open an account with Pure Market Broker, a minimum deposit of $100 is required, making it accessible for new traders. However, this entry point may come with limitations in terms of available features and trading conditions compared to higher-tier accounts.
Currently, Pure Market Broker does not offer any sign-up bonuses or promotional incentives, which could be a disadvantage compared to other brokers that provide such incentives to attract new clients.
Traders can access a variety of asset classes, including over 45 forex pairs, commodities like gold and silver, and cryptocurrencies such as Bitcoin and Ethereum. This diversity allows traders to implement various strategies and hedge against market volatility.
The cost structure at Pure Market Broker features variable spreads, starting from 0.2 pips on MT4 accounts. However, users should be aware of additional fees, including commissions on trades, which can impact profitability. For MT5 accounts, the commission can be as high as $6.50 per standard lot, which is relatively steep compared to other brokers.
Pure Market Broker offers leverage up to 1:200, which can be attractive for traders looking to maximize their trading potential. However, the high leverage also comes with increased risk, particularly for inexperienced traders.
The broker provides access to MT4 and MT5, both of which are widely recognized for their user-friendly interfaces and advanced trading features. However, the absence of a proprietary platform may deter some traders seeking a more customized trading experience.
While Pure Market Broker caters to a global audience, it does not accept clients from the United States, which limits its accessibility for traders in that region.
Customer support is available primarily in English, with various contact methods, including live chat, email, and phone support. However, reviews indicate that customer service responsiveness can be inconsistent, with some users reporting delays in receiving assistance.
Category | Score (out of 10) |
---|---|
Account Conditions | 6.0 |
Tools and Resources | 7.0 |
Customer Service & Support | 5.5 |
Trading Experience | 6.5 |
Trustworthiness | 4.0 |
User Experience | 5.0 |
Account Conditions: The minimum deposit requirement is relatively low, making the broker accessible to new traders. However, the lack of diverse account types limits options for experienced traders.
Tools and Resources: The availability of MT4 and MT5 provides traders with essential tools for analysis and execution. However, the absence of educational resources may hinder the development of novice traders.
Customer Service & Support: While customer support is available, the quality of service has been criticized, with reports of slow response times and insufficient assistance for complex issues.
Trading Experience: Users generally report a satisfactory trading experience, but concerns about the broker's regulatory status and withdrawal issues have been highlighted.
Trustworthiness: The broker's tier-3 regulatory status and the reputation of its parent company raise significant trust concerns among users.
User Experience: Overall user experiences are mixed, with some praising the trading conditions while others express dissatisfaction with customer service and withdrawal processes.
In conclusion, while Pure Market Broker offers competitive trading conditions and a diverse range of instruments, potential clients should exercise caution due to its regulatory status and mixed user feedback. Thorough research and consideration of individual trading needs are crucial before engaging with this broker.
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