Markets Trading Review – Is It Safe or a Scam?
If you’ve ever wanted to trade Forex, there is a good chance that you’ve come across Markets Trading. The company has been around for a bit and they claim to have nearly 70,000 accounts with roughly 10,600 trades each and every day. They also claim that they’re powered by a team of dedicated financial experts. Are these claims nothing more than a gimmick? Or, should you really be signing up with Markets Trading as quickly as possible? Read the review below to find out for yourself.
About The Company
First and foremost, you should know a little more about the company behind the website. The company insists it is a leading, reputable CFD broker. The website is owned and operated by Markets Trading LTD, which is registered in London. The company’s operational address is much different. It is based out of Utrecht, Netherlands. This contradiction could be nothing, but it may tell you a great deal. With this in mind, it is wise to move forward with caution when signing up for this broker. Also, it doesn’t appear that Markets Trading is a licensed broker. That is another red flag.
One thing that Markets Trading does right is protecting their user’s information. The company has put measures into place to ensure that all data is transferred using SSL encryption technology. They guarantee a secure transfer of your data between your device to their secure server. You shouldn’t have to worry too much about your account information being stolen.
Deposit Methods And Minimum
In order to get an account up and running, you’ll need to deposit money into your account. To get started with Markets Trading, you’ll need to make a first deposit of at least $250. The company offers several methods, including wire transfer, credit cards, and various eWallets. It doesn’t take very long to get started. However, it can take much longer to receive your money when you make a withdrawal. Depending on your bank, it may take anywhere from five to ten days. Also, the company requires identification documents before they’ll complete this process. Therefore, you should be patient.
At first glance, it would appear that Markets Trading offers far more products than the alternatives. However, this might not be the case. While the company lists commodities, indices and stocks, it should be noted that these are all CFDs. Also, the company allows users to trade in currencies. So, you really only have two options, CFDs and Forex. If you’re fine with these options, you’ll be happy with Markets Trading. If you’re looking for something else, you’ll need to go elsewhere.
It is also good that Markets Trading has selected a completely user-friendly platform. You probably already have experience using this type of platform, since it is commonly used by many different Forex brokers. Even if you’ve never used it in the past, you shouldn’t have much trouble getting started. It is really simple and straightforward. After a few minutes of experimenting, you’ll have it down pat.
Customized Trading Accounts
Markets Trading empowers its clients to customize a trading account suitable their needs. Each account is designed to permit access to different financial and trading opportunities, as well as provide special privileges.
- Micro Account – This specific account grants access to all trading platforms, includes 24/5 support, leverage up to 1:200 and dedicated account manager for two weeks.
- Standard Account – This account grants access to all trading platforms and account manager services and 24/5 support partial academy access.
Clients can also choose from the platinum account – $25,000 to $49,000 – and premium account. Both of these accounts permit access to all trading platforms, one-on-one trading session and spreads on majors (fixed and variable).
Initially, Markets Trading seems to be completely legitimate. However, there are some risks involved. The company doesn’t appear to be registered or licensed. It could potentially be a scam. If you’re going to sign up with Markets Trading, you might be taking a risk.