MarketsWorld Review

 

Summary:

As MarketsWorld offers a large choice of bonuses to choose from, we gave that section a full 100/100. User friendly interface with good functionality attracted our attention and we gave it 75/100. The second strongest area out of four is customer support, as the support team is really there to respond and solve your problems quickly. Unfortunately, the number of assets you can trade is rather small so we gave it just 65/100.

 

Success in trading in the binary options market does not depend solely on your own trading strategy and skills, but also on the broker you trade with and the way they handle their services for you. When brokers go broke your success is wiped away and your hard earned money is gone. This can be and should be avoided. In the review, we are going to go through the main areas of services that MarketsWorld broker offers you to help you decide whether it is a reliable broker and whether it has all the features that you need in your trading.

 

Company information

MarketsWorld was established in 2011 under the name MarketsTheWorld Limited. It is registered in the Isle of Man, which is a self governing teritory, but falls under the flag of Great Britain. The Isle of Man Gambling Supervision Comission regulates the company. It is interesting that MarketsWorld is one of those unique companies that are regulated by  a Gaming commission, not by a financial market regulator.

However, the commission is strict in its regulatory rules and ensures that deposits and the money of traders are safe and that transactions of a broker are carried out in a fair, transparent and efficient manner. This leaves no place for financial crooks to lure you into financial schemes and defraud you off your money.

 

Assets available

The number of assets that you can trade with MarketsWorld is rather poor. They used to have three categories of assets: currencies, commodities and indexes and now have only two: currencies and commodities. Unfortunately, in commodities the only tradable instrument is XAU/USD (Gold). So, if you do not want to trade currencies, but prefer indexes or stocks you might want to  look for another broker right away.

However, the broker has all the major Forex pairs and you can trade them without any disruption.

The pairs are: AUD/JPY, AUD/NZD, AUD/USD,  EUR/GBP,  EUR/JPY, EUR/USD,  GBP/JPY,  GBP/USD, USD/CAD, USD/CHF,  USD/JPY,  USD/RUB, USD/TRY, USD/ZAR.

 

Bonuses & VIP programs

MarketsWorld does not have a VIP program and any trader who wants to open an account will get the same standard account as other traders get. However, the company does have a number of bonuses that may help to increase your profitability in the long term.

 

– No deposit bonus

You can get $10 or any other currency that deposits are available in, without depositing to your real account. However, on opening your account you will have to enter a code NDB10 in the deposit section. There are terms and conditions for getting the bonus and withdrawing profits and you may want to read them for yourself in the Bonus section of their website.

– $50 risk free trade

This allows you to have a risk free $50 trade. In order to be eligible for the bonus you have to use coupon code 50RFT while depositing for the first time. Then, when you make your first trade, $50 goes into your bonus account. When you make your second trade your $50 goes from your bonus to your real account and you can use it the way you want. Remember, the offer is valid only for your FIRST TRADE. Terms and conditions also apply.

– $500 refer a friend bonus

You can refer a friend and earn up to $500 bonus money. This bonus guarantees 100% deposit amount of your friend that will go into your bonus account. You may refer as many friends as you want and earn those $500 or equivalent amount of your friend‘s deposit. To qualify for withdrawal of the money you will have to check Terms and conditions for the bonus.

– Monthly Loyalty Rewards

The bonus applies to depositing customers only and it depends on the volumes of your trading activity during a month. In the beginning of each month your loyalty bonus is paid into your bonus account. Terms and conditions apply for the bonus money to become cash and be allowed for withdrawal.

– 100% Cash Match Up to $1000

This bonus is offered to all new clients and if you open an account with MarketsWorld , they will match up your first deposit 100% with up to $1000 of bonus money. In order to claim it you have to fill in coupon code: 100CM while depositing your first depost. Terms and conditions apply for bonus money to become cash and be allowed to be withdrawn.

 

Fees, Payouts and Trading features

As the company promises it does not charge any fees or commissions on your trades. The maximum payout for your trade is 90%, with percentages fluctuating all the time. Unfortunately, there is no possibility for a refund if you lose money or your trade ends out of the money. The minimum trades size is $1, which is very good for those who are starting in the field and the maximum trade size is $1000, which is quite good for seasoned pros and intermediate level traders. You can choose the expiry of options at your will: from 60 seconds to 2 days.

 

Trading Platforms

MarketsWorld operates a web-based platform, which is a bit difficult for beginners, but could be enticing for intermediate and advanced traders. On the top left side of the screen you can choose an instrument you want to trade. Then you choose expiry from five minutes to maximum of two hours. Then you choose direction (higher or lower). Unfortunately, for the time being the broker only supports High/Low binary options. So, after you have selected the direction, you choose stakes (how much you want to invest in the trade). Then click “Buy” and the trade is active.

 

Mobile

MarketsWorld offer a mobile app to trade binary options. Unfortunately, at the moment they can only offer you an iOS based app, so you can only go to Apple App Store and download your app to iPhone or iPad and trade from there. Android users may be disappointed about that, but they can still use the company’s web based platform and trade on it from their smart phones. This is the area the broker needs to work on to keep up with market leaders in binary options.

Deposits and withdrawals

The minimum deposit for opening an account is just $10, which is very good for traders with limited resources. MarketsWorld states that they do not have maximum limit for deposits and withdrawals.

Deposits are instant and you can immediately start trading after you deposit with one of the following methods: Neteller, Visa, Mastercard, Maestro, Switch, Solo. They process withdrawals in one business day, but the cash may arrive a bit later as there are security and compliance rules that have to be adhered to. So, funds may reach your account in 3-7 business days.

 

 

The company does not charge any processing fees if you deposit by credit/debit card or Neteller e-wallet. Banking transfer may cost you, but you will have to contact live support to find out what are charges for other means of depositing and withdrawal.

 

Customer support

MarketsWorld has an excellent support team that handles your queries, questions, problems or any issues connected to trading, opening an account, withdrawing and etc. in an effective and speedy way. It is always recommended to use Live Chat to contact the support team, as that is the quickest way to get the answers. However, you can also write them an email or make a phone call. All details are there on their website and the staff is ready to assist in your problems 24/7.

 

Extra features and resources

To some disappointment we will state that the broker does not have many extra trading platform features or educational resources on their platform. They, likewise, do not offer any trading signals (free or paid). This may work well for the broker as they do not take responsibility for any losses that investors may incur, but still users tend to rate brokers according to abundance or lack of extra features brokers offer them.

On the other hand, you can find news feed on their website and you can familiarize yourself with what is happening in financial markets on a daily basis and make decisions based on that knowledge. They also post financial articles on their website.

 

Verdict

Despite the fact, the broker might be lacking in some areas in comparison to the market leaders in the binary options field, it seems to be a reliable broker dedicated to providing their customers with the best service available and security of their funds.

From what we have found, MarketsWorld is a reliable and trustworthy broker to trade with.

 

Pros:

• 24/7 Customer Support
• Small initial deposit of 10$
• Regulated broker
• Excellent bonus system

 

Cons:

• Limited number of options
• Limited base of extra educational resources
• Limited number of assets to trade

FAQ

How do I open my free account with MarketsWorld?

Click open an account, then fill out the registration form. Opening an account is quick and free.

 

How quickly will I receive the cashout withdrawal of my funds?

MarketsWorld fulfill all withdrawal requests within one working day and that payment should then reach you between 2-7 business days thereafter.

 

TRADE AT MARKETSWORLD