Pure Market forex broker provides various trading information, with an average trading speed of 0ms, a trading cost of null, an average slippage of 0, a liquidation rate of %, a spread cost of 0.00, etc
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In the dynamic world of forex trading, choosing the right broker is crucial for success. Pure Market, operating under the trade name of Pure M Global Ltd, positions itself as a competitive player in this industry, offering a range of services tailored for traders. Established in 2016 and regulated by the Vanuatu Financial Services Commission (VFSC), Pure Market aims to provide a transparent trading environment with tight spreads and advanced trading technology.
This article will address three core questions:
Established | Regulator | Headquarters | Minimum Deposit | Leverage | Average Spread |
---|---|---|---|---|---|
2016 | VFSC | Vanuatu | $100 | 1:200 | 0.0 pips |
Pure Market offers competitive trading conditions, particularly appealing to both novice and experienced traders. The minimum deposit of $100 is relatively low compared to many competitors, making it accessible for new traders. The leverage of up to 1:200 allows traders to amplify their positions, although it is essential to be cautious with high leverage due to the associated risks.
The average spread starting from 0.0 pips positions Pure Market favorably against industry standards, which typically range from 0.1 to 1.0 pips depending on the broker and market conditions. This competitive pricing can enhance profitability, especially for high-frequency traders.
Pure Market supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), two of the most popular trading platforms globally.
Currency Pair Category | Number Offered | Minimum Spread | Trading Hours | Commission Structure |
---|---|---|---|---|
Major Currency Pairs | 58 | 0.1 pips | 24/5 | $30 per million FX |
Minor Currency Pairs | 20 | 0.2 pips | 24/5 | $30 per million FX |
Exotic Currency Pairs | 10 | 1.0 pips | 24/5 | $30 per million FX |
With over 58 major currency pairs available for trading, Pure Market provides ample opportunities for traders to capitalize on market movements. The execution speed is commendable, with 90% of orders executed in less than 200 milliseconds, significantly reducing the risk of slippage, which can be a concern in volatile market conditions.
Pure Market takes client fund safety seriously, ensuring that funds are kept in segregated accounts with tier-1 banks. This practice protects traders' capital from being misused for the broker's operational expenses. Additionally, the broker does not engage in proprietary trading, reducing the risk of conflicts of interest.
Customer satisfaction ratings have been mixed, with some users expressing concerns about customer support responsiveness. However, the broker maintains a commitment to transparency and security, which is crucial in today's trading environment.
A suitable strategy for traders using Pure Market could be a scalping strategy focused on major currency pairs. Traders can capitalize on small price movements by entering and exiting trades quickly, ideally using the tight spreads offered by the broker. Utilizing MT4s automated trading features can enhance efficiency and execution speed.
In conclusion, Pure Market presents a compelling option for traders seeking competitive spreads and a user-friendly trading environment. While the broker's regulatory status may raise concerns, its commitment to client fund safety and diverse product offerings make it an attractive choice for many traders. It is particularly well-suited for active traders and those interested in leveraging advanced trading technologies.
Risk Warning: Trading in forex and CFDs involves significant risk and may not be suitable for all investors. Ensure you fully understand the risks involved before trading.