Markets X Reviews How Safe is markets.com

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Fullerton Markets Review – Is it scam or safe?

Trading Accounts

Fullerton Markets offers a single account type with leverage up to 1:500 and tight variable spreads on the most widely used forex trading platform, MetaTrader 4.

Micro lots are available for trade and also, Swap-Free Sharia-compliant service is offered to clients of Islamic faith upon request.

The Company. Security of Funds

Fullerton Markets is a straight-through processing (STP) broker that was recently launched by its CEO Mario Singh – a forex analyst and coach who is popular particularly in the Far East. The broker offers trading in currency pairs and CFDs on indices, crude oil and indices.

Fullerton Markets Limited, trading under the Fullerton Markets brand, was regulated by the Financial Markets Authority (FMA). In 2020, however, the broker transferred all business from its NZ entity Fullerton Markets Limited (FML) to a newly established offshore company called Fullerton Markets International Limited (FMIL). The latter is registered in Saint Vincent & the Grenadines, a popular offshore destination.

Trading Conditions

Minimum Initial Deposit
The minimum initial deposit required by Fullerton Markets is $200, which is an average amount to start trading with, however other brokerages licensed in NZ, like CMC Markets, do not require any minimum deposit.

Commission & Spreads
Fullerton Markets offers two types of floating spreads on its single account type: variable spreads, starting from 0.5 pips on EUR/USD, which is a competitive value, and ECN spreads, starting from 0 pips on EUR/USD, which incur a commission of $10 per standard lot. So trading costs for this pair would be around 1 pips as a minimum (ECN spread + commission), which is average for the forex market.

In comparison, In comparison, NZ broker, Key To Markets offers spreads starting from 1.0 pips on EUR/USD on its commission-free account, and Pro account holders may trade with spreads as low as 0.0 pips on EUR/USD with a commission of $8. You may check out and compare real-time spreads of 15 leading brokers here.

Leverage
The maximum leverage level offered by Fullerton Markets is 1:500, which is comparatively high, since most brokers usually offer leverage up to 1:200 or 1:400. CMC Markets also provides leverage up to 1:500, although in some jurisdictions there are set limitations on leverage, which are considerably lower – for example, in USA the maximum leverage allowed is 1:50.

Trading Platform

Fullerton Markets offers its clients the industry’s standard platform, MetaTrader 4 (MT4), available as desktop and mobile versions.

MT4 4, developed by Russian software company MetaQuotes, is preferred by most traders, because it is equipped with an advanced charting tools, more than 50 built-in indicators, a wide range of Expert Advisors (EAs) and extensive back-testing environment for them. Traders can download ready-made or create their own trading robots (EAs), scripts and custom indicators in the MQL programming language. What is more, MT4 offers user-friendly customizable interface and even newbies traders can easily find their way around it.

What is more, Fullerton Markets has collaborated with financial technology provider Tradency and the broker’s clients can now use advanced copy trading options via accessing Mirror Trader Platform and Tradency’s latest offering, RoboX.

Promotions
At the time of writing this review Fullerton Markets offers 50% Credit Bonus (up to USD500) for deposits of a minimum of $500 and also runs a trading competition with $6,000 cash pool prize.

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Methods of Payment

Fullerton Markets’ clients are offered the following modes of payment: Wire Transfer, Credit Card or Digital Wallets such as Skrill, Neteller and FasaPay.

There are 4 deposit currencies for clients to choose from: USD, EUR, NZD and SGD.

Conclusion

Fullerton Markets is a reputable STP broker that provides trading in forex and CFDs on a single account type through the popular MT4 platform under competitive terms and conditions. Here are, in a nutshell, the advantages and drawbacks in relation to this broker:

Trusted Markets.com Review 2020

Table of Contents

REVIEW: REGULATION: ASSETS: MIN. SPREAD:
(4.9 / 5) CySEC, FSCA, ASIC, FCA 2000+ Variable 0.3 Pips

Is Markets.com considered as a recommended and trusted CFD Broker? In trading, it is very important to know the risks and what are the important things we need to remember to understand how the markets work. In this review, we will talk about the advantage of using Markets.com as a online broker. Is it worth the try? Will it pay off our effort? What type of CFD Broker is Markets.com? Let’s find it out.

Official Website of Markets.com

What is Markets.com? – Company presented

Markets.com is a worldwide Forex and CFD trading broker that was founded in 2020. It offers more than 2000 trading assets and over 2200 markets to trade, which also promotes an advanced yet easy-to-use trading platforms. Makets.com provides a variety of selection for trading FX, CFDs, stocks, commodities, cryptocurrencies, indices, and ETFs. The brand is one of the best Forex Trading Platforms in the year 2020, which was judged by the 2020 UK Forex Awards. Already have about 5 million accounts registered with this broker due to its powerful big data and quantitative analysis tools.

It is operated by Safecap, which is owned by Playtech PLC. Playtech is part of the list on the stock exchange, which considers Markets.com as a trusted and safe broker.

Facts about Markets.com:

  • Founded in 2020
  • Based in Europe
  • A global trading platform
  • Regulated and authorized
  • Offers fast and seamless account opening
  • Offers investment with Forex and CFDs

(81.3% of private investor accounts lose when trading CFDs)

Is Markets.com regulated? – Regulation and safety for customers

Trading online comes with a high risk. Before choosing a brand where you’ll invest, it is very significant to know if it’s authorized or regulated. This particular license can only be obtained by the brand after complying with certain aspects that are required for a broker. It is very important to inform yourself about these regulations to avoid getting scammed and losing your investments.

Markets.com is regulated by popular regulators which include CySEC (Europe), FSCA (Africa), AISC (Australia) and FCA (United Kingdom). The leverage is up to 1:30 for retail clients and 1:300 for professional clients.

Markets.com is regulated by the following:

Regulations of Markets.com

You can read more about the regulation and legalities on the official website of Markets.com (https://www.markets.com/). You can find this information on the lower part of the webpage. Just click on ‘Regulation and Legal Pack‘ in this section.

Please see image below:

Financial Security

Markets.com does not use the funds of its clients for its own benefits. The funds of the clients are kept in segregated bank accounts and has negative balance protection. The brand has trusted auditors that checks thoroughly the brokers.

Besides, Markets.com has several licenses, which makes it an authorized and secured broker. The brand has a Financial Service Compensation Scheme (FSCS), which serves as the security for customer funds that is up to £85,000.

With Markets.com, Guaranteed Stop-Loss (GSL) is automatically set to the level of the initial margin used to open the position. This works similarly to the Stop-Loss Order, with the main difference being that the GSL is immune to price gapping or market volatility. The advantage of GSL with Markets.com is that you don’t risk more than your initial investment.

Summary of the regulation and financial security:

  • Clients funds kept in segregated bank accounts
  • Negative Balance Protection
  • Electronic Verification
  • Leverage up to: 1:30 for retail clients and 1:300 for professional clients (Europe)
  • Leverage up to 1:300 outside Europe (international)
  • FSCS Investor Compensation up to £85,000 (depending on criteria and eligibility)
  • Guaranteed Stop-Loss (GSL)

Review of the trading conditions for traders

Markets.com offers seamless trading of over 2000 trading assets and over 2200 markets to trade. The brand offers advanced tools for traders, including stop-loss, take profit, entry limit, and entry stop orders. The trading platform was uniquely designed to let traders benefit from customizable charts, studies, in-depth analysis, economic calendar, and accurate trading signals.

Since that it is operated by one of the world’s fastest-growing CFD and Forex providers namely Safecap, the brand offers powerful yet user-friendly, in-house trading platforms both for web and mobile. You can trade from a variety of selection of the following: FX, CFDs, stocks, commodities, cryptocurrencies, indices, and ETFs.

There are 2 types of trading platforms with Markets.com and both of these platforms support immediate deposits, uploading documents and fast withdrawals. Clients can fully manage their accounts over mobile or web. These platforms are namely, Markets App and Markets Web Trader. Trading at Markets.com lets you benefit from zero commission, tight spreads, and leverage ratios which is up to 1:30 for retail clients and 1:300 for professional clients.

Also, Markets.com has Guaranteed Stop-Loss (GSL), which is automatically set to the level of the initial margin used to open the position. Because of this, you can say that you have security in terms of investing. However, you should always consider whether you can afford to take the high risk of losing your money and this is also stated on the website of Markets.com before you can create an account.

Facts about the conditions for traders:

  • Over 2200 different markets
  • Over 2000 trading assets
  • Leverage ratios up to 1:30 for retails clients and 1:300 for professional clients (Europe)
  • High leverage up to 1:300 for traders with no European regulation
  • Spreads are variable from 0.3 pips
  • 2 types of trading platform
  • Mobile trading
  • Offers fast and seamless account opening
  • Offers investment with Forex and CFDs
  • Reliable customer support and services

(81.3% of private investor accounts lose when trading CFDs)

Test of the Markets.com Trading Platform

Customers can manage their accounts with Markets.com via mobile (Markets App) or the web (Markets Web Trader). These 2 types of trading platforms of Markets.com can both support immediate deposits, uploading documents and fast withdrawals. Trading at Markets.com lets traders benefit from zero commission, tight spreads, and leverage ratios which is up to 1:30 for retail clients and 1:300 for professional clients.

Markets.com is aware that every modern-day trader has their own specific needs in trading. The trading platforms of this brand comes with many new features and enhanced customization capabilities. It includes the shortlisting of favorite trading instruments of the trader, able to view multiple trading charts at once and a personalized popular trading instrument list created with proprietary algorithms. The platforms are totally responsive and are used via web, mobile, and tablet (iOS and Android). Trading on-the-go is possible. You can trade anywhere and anytime.

Markets.com offers the following platforms:

  • Markets App
  • Markets Web Trader

Example of the Markets.com Web Trader

Facts about Markets.com platforms:

  • Has an interactive user interface
  • User-Friendly
  • Advanced Trading Tools (indicators, analysis, and more)
  • Has new features and enhanced customization capabilities
  • Reliable
  • Fast
  • Secure

Professional Charting and Analysis is possible

Charting is very important in online trading. It makes total sense to trade when you know how charting works. This helps you understand the movements of the markets and helps you strategize your next move in order to get a plus. The trend and volatility of the markets determine the success of your next move. When volatility is high, it means that a value can potentially be spread out over a larger range of values and the price of the value can change intensely over a short time period in either direction.

X Markets Review – 5 things you should know about Xmarkets.com

Beware! X Markets is an offshore broker! Your investment may be at risk.

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

X Markets is a Seychelles-based forex CFD brokerage owned and operated by Celestial Trading Limited. The brokerage does not disclose much of its information to traders. On it’s website we can only read that the minimum deposit for the most basic account comes at $250 which is pretty much the industry average. We always view the lack of information with unease, because credible brokerages would usually be open about their trading conditions.

X Markets regulation & safety of funds

X Markets not only does not state any sort of regulatory status on its website, but the Financial Conduct Authority came out with a statement expressing concern about this specific brokerage. The authorities highlight the fact that the broker is not regulated by them, but has targeted traders. Furthermore, X Markets changes it’s address – a few months ago it was registered in Marshall Islands and now it has chosen Seychelles. All this constitutes a major security concern and opens up potential clients to a number of risks.

Prestigious regulatory agencies, such as the UK’s FCA and CySec, require compliance with a number of strict rules that give significant assurance for the safety of the clients funds.

The segregation of accounts is among the rules which are especially important in the trading world, because it drastically lowers the risk of possible commingling.

Another is the participation in a compensatory scheme by which the client’s losses will be covered in the unlikely case the broker goes bankrupt or attempts to scam traders.

X Markets deposit/withdrawal methods and fees

Potential clients of the brokerage may deposit or withdraw via Visa, Mastercard, Maestro, Neteller, Paysafecard, Wire transfer. X Markets also has a minimum withdrawal amount of $250 and states that it may take up to 14 business days for the withdrawal to be processed. On top of that, inactive for more than three months accounts are liable to a $50 fee.

How does the scam work?

Information is a pretty solid criteria for judging a brokers legitimacy. Scammers would not share much of their information, because precisely there inconsistencies and irregularities may appear which expose the whole set-up. After informing themselves for the brokers trading conditions – traders should be well-versed in the way of the scam:

In most cases through clicking a tempting ad with promises for fast money, you will be redirected to a website where registration will require you to give your address, email and phone number. Your personal information will be immediately shared with brokers in call centers who are ready at the phone to bait you with benevolent trading offers. After a few minutes hearing them talk, you decide to deposit some $200-250. And just like that – the scammers take a fat commission from this initial deposit.

After pulling a fast one on you, senior scammers will take you up and begin pushing you to further invest. You may even budge and make a few more trades. At this point, regardless whether you are losing or winning, you probably begin to consider closing the account and getting back your money.

However, now comes the “recovery” part of the scam. After stating that you wish to withdraw your money, they will redirect you to yet another representative who will begin pleading with you to wait it out, six months at the most. The angle here is simple – remove the last guard you may have – filing a chargeback with your bank. If six months expire, that option is closed and your money is gone for good.

What to do if scammed?

Even though most of us think it cannot possibly happen to us – it is much better being as well-informed as you could so that you may react to a scam in an adequate manner. Here are the available options you have in front of you:

You may contact your bank or credit card provider and file a chargeback, but only within six months of the initial deposit, as was noted above.

If, however, you have provided the broker with your credit card details, immediately cancel your credit card.

If you have given information regarding your online banking pass – you should switch it asap!

Beware of potential calls from self-described “recovery agencies”! They prey on scammed and vulnerable traders who are desperate and ready at anything to somehow retrieve their funds. They will say that in exchange for an up-front payment, you will get your money back, but no such thing will occur!

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