Pure Market 2025 Review: Everything You Need to Know
Summary: The Pure Market broker has garnered mixed reviews in the forex trading community, with users highlighting both its competitive trading conditions and concerns regarding its regulatory status and customer support. Key features include access to popular trading platforms like MT4 and MT5, but the overall trustworthiness of this broker remains a point of contention.
Note: It is important to recognize that Pure Market operates under different entities across regions, which may affect user experiences and regulatory oversight. This review aims for fairness and accuracy by consolidating diverse sources.
Ratings Overview
We assess brokers based on user feedback, expert analysis, and factual data.
Broker Overview
Founded in 2016, Pure Market is an online forex and CFD broker that provides trading services primarily through the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. The broker offers a variety of trading instruments, including forex pairs, indices, energies, metals, and cryptocurrencies. It is regulated by the Vanuatu Financial Services Commission (VFSC), which is considered a tier-3 regulatory authority, raising concerns about the broker's overall trustworthiness.
Detailed Section
Regulated Regions:
Pure Market operates primarily under the jurisdiction of Vanuatu, which is known for its lenient regulatory standards. This has led to skepticism among traders regarding the security of their funds. Users are advised to be cautious, especially since the broker's parent company has faced warnings from several regulatory bodies in the past.
Deposit/Withdrawal Currency/Cryptocurrency:
The broker allows deposits and withdrawals in various currencies, including USD and EUR, as well as cryptocurrencies like Bitcoin. However, users have reported high fees associated with certain withdrawal methods, which can detract from the overall trading experience.
Minimum Deposit:
The minimum deposit to open an account with Pure Market is set at $100 for MT4 accounts and $1,000 for MT5 accounts. This relatively low entry point makes it accessible for new traders, although the higher minimum for the MT5 account may deter some users.
Bonuses/Promotions:
Currently, Pure Market does not offer any notable bonuses or promotions, which could be a disadvantage compared to other brokers that provide incentives for new clients.
Tradeable Asset Classes:
Traders can access a range of assets, including over 45 forex pairs, indices, commodities, and several cryptocurrencies. This variety allows for diversification in trading strategies, appealing to a broader audience.
Costs (Spreads, Fees, Commissions):
Spreads start from 0.1 pips on major currency pairs, which is competitive. However, commissions can vary significantly based on account type, with fees as high as $6.5 per standard lot for MT5 accounts. Users have noted that additional fees for deposits and withdrawals can also add to trading costs, particularly for bank transfers.
Leverage:
Pure Market offers leverage of up to 1:200, which is attractive for traders looking to maximize their positions. However, such high leverage levels come with increased risk, particularly for inexperienced traders.
Allowed Trading Platforms:
The broker supports trading on both MT4 and MT5 platforms, which are well-regarded for their user-friendly interfaces and robust analytical tools. Users can also access web-based trading options, making it convenient for traders on the go.
Restricted Regions:
While Pure Market services clients from various countries, it does not accept clients from the United States, which could limit its appeal to a significant segment of the trading population.
Available Customer Service Languages:
Customer support is available in multiple languages, catering to a diverse clientele. However, users have reported issues with responsiveness, particularly during peak trading hours.
Repeated Ratings Overview
Detailed Breakdown
Account Conditions:
The account conditions offered by Pure Market are relatively flexible, with a low minimum deposit requirement. However, the lack of a cent account option may limit some traders, particularly those who prefer to trade with smaller amounts.
Tools and Resources:
Traders have access to a variety of tools, including expert advisors and market analysis resources. However, the educational offerings are limited compared to other brokers, which could hinder new traders.
Customer Service and Support:
Customer service has received mixed reviews, with some users praising the responsiveness while others report long wait times and unhelpful responses. This inconsistency can be frustrating for traders seeking immediate assistance.
Trading Setup (Experience):
The overall trading experience on Pure Market is generally positive, with users noting quick execution speeds and a user-friendly interface. However, concerns about the broker's regulatory status and withdrawal issues have been highlighted by several users.
Trust Level:
The trust level for Pure Market is low, primarily due to its regulatory status and the parent company's history. Traders should exercise caution and consider these factors before committing funds.
User Experience:
User experiences vary widely, with some traders reporting satisfaction with the platform and execution speeds, while others express frustration over withdrawal issues and customer support challenges.
In conclusion, while Pure Market offers competitive trading conditions and access to popular trading platforms, potential users should weigh the risks associated with its regulatory status and customer service experiences. The mixed reviews indicate that while some traders find value in the offerings, others have encountered significant challenges that may deter them from using this broker.
