Trade Markets Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
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I used Trade Markets not long ago. Their withdrawal process was good but now they have stopped the withdrawal process, not able to give a withdrawal of 145 dollars taking time than 1 week but still not able to give a withdrawal...
Trade Markets has garnered a mix of reviews, with some users praising its customer service and trading conditions, while others express concerns about its regulatory status and transparency. Key features include access to a wide range of trading instruments and the availability of both the popular MetaTrader 4 platform and a proprietary trading platform. However, potential users should exercise caution due to varying regulatory oversight across different regions, which may impact their trading experience.
Note: The existence of multiple entities operating under the Trade Markets name raises questions about the broker's overall reliability. It is crucial to verify the specific entity you are dealing with for fair and accurate trading experiences.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 7 |
| Tools and Resources | 6 |
| Customer Service and Support | 8 |
| Trading Experience | 7 |
| Trustworthiness | 6 |
| User Experience | 7 |
How We Rate Brokers: Our ratings are based on a combination of user reviews, expert opinions, and factual data collected from multiple sources.
Founded in 2013, Trade Markets operates from Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker offers both MetaTrader 4 and its proprietary trading platform, providing traders with a choice of trading environments. Users can trade a variety of assets, including forex, commodities, stocks, and indices. Despite its relatively short history, Trade Markets has made a name for itself by offering a range of account types and competitive trading conditions.
Trade Markets is regulated primarily in Cyprus under the CySEC, which provides a level of oversight for its operations. However, users should be aware that the regulatory framework may not be as stringent as those found in jurisdictions such as the UK or the US. This could impact the security of users' funds and their overall trading experience.
The broker supports multiple currencies for deposits and withdrawals, including EUR, USD, and GBP. However, there is no mention of cryptocurrency trading, which may limit options for traders interested in digital assets.
The minimum deposit required to open an account with Trade Markets is €250, which is relatively accessible compared to many other brokers. This allows new traders to start with a manageable amount while still accessing various trading features.
While specific promotional offers were not extensively detailed in the sources, some reviews mentioned the availability of bonuses for certain account types. Users should verify any promotional terms directly with the broker.
Trade Markets offers a diverse range of tradable assets, including forex pairs (both major and exotic), commodities (like gold and silver), stocks from major companies, and indices. This variety allows traders to diversify their portfolios effectively.
The cost structure at Trade Markets varies depending on the asset class. Forex spreads start at around 3 pips, which is considered loose in the industry. Commission fees can range from €7 to €20 per trade, depending on the account type. This fee structure may be a drawback for high-frequency traders looking to minimize costs.
The maximum leverage offered by Trade Markets is 1:30, which is standard for many brokers regulated by CySEC. This leverage level allows for significant trading potential but also comes with increased risk.
Trade Markets supports both the widely used MetaTrader 4 platform and its proprietary trading platform, which can be accessed via web browsers and mobile devices. This flexibility caters to different trading preferences and styles.
While Trade Markets accepts clients from various countries, there are restrictions on certain regions, including the USA and the UK for CFD trading. Prospective users should check the broker's website for the most current information regarding regional restrictions.
Trade Markets provides customer support in multiple languages, making it accessible for international clients. Customer service options include live chat, email, and telephone support, which users have generally rated positively.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 7 |
| Tools and Resources | 6 |
| Customer Service and Support | 8 |
| Trading Experience | 7 |
| Trustworthiness | 6 |
| User Experience | 7 |
Account Conditions (7/10): Trade Markets offers a variety of account types with a minimum deposit of €250, making it accessible for new traders. However, the higher commission fees may deter frequent traders.
Tools and Resources (6/10): The broker provides some educational resources, but these are considered limited compared to other brokers. Users have noted a lack of advanced research tools.
Customer Service and Support (8/10): Overall, customer service has received positive feedback, with users appreciating the responsiveness and availability of support in multiple languages.
Trading Experience (7/10): The availability of both MetaTrader 4 and a proprietary platform enhances the trading experience, although some users have reported issues with execution speeds and slippage.
Trustworthiness (6/10): While regulated by CySEC, concerns about loose spreads and commission fees, alongside mixed user reviews, impact the broker's overall trustworthiness.
User Experience (7/10): Users generally report a satisfactory trading experience, but the broker's educational resources and tools could benefit from expansion.
In conclusion, Trade Markets Review presents a mixed bag of experiences. While it offers a range of account types and trading instruments, potential users should carefully consider its regulatory status and cost structure before committing.
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