I’ll be honest, I’ve been ambivalent about MarketsWorld but it’s time for me to admit I was wrong. My only real criticism is that the broker is regulated by the Isle of the Man Gambling Supervision Commission as a casino. I’d prefer to see regulation as a financial institution but does it matter so long as they provide great trading, full transparency, honest dealing and easy terms?
The Geek’s Review Of MarketsWorld
MarketsWorld is owned and operated by MarketsTheWorld Limited located in Grosvenor House, 66-67 Athol Street, Isle Of Man, IM1 1JE, Great Britain. It has been in operation since 2011 and is one of the oldest and most consistently ranked broker in that time. It is regulated and licensed by the Isle Of Man GSC which ensures safety of funds, transparency of terms and fair trading. They can be contacted through live chat, email or telephone, customer service number is +44 0 1624 679 022.
MarketsWorld supports high/low trading, none of the exotic one touch or boundary that so many others have. The asset list is unassuming yet contains the top 5 EU and US indices, the 9 most heavily traded forex pairs and the 3 commodities that really matter. What’s great about the platform is that the assets are available when they say they are with plenty of intraday expiries. Expiry starts at the next ten minutes ie if its 11:42AM the next expiry is for 11:50AM, and then goes up by ten minute increments, then 30 minutes then hourly until end of day, perfect for day trading and varied enough to match just about any strategy or system.
MarketsWorld also has a free demo account. All you have to do is sign up and start trading. The demo has no time limit and can be reloaded as many times as you like. Once you are ready to trade live the demo can be converted to a live account with zero balance, ready for your first deposit. Banking with this broker is really refreshing, seriously, it’s not like what you may be used to. Also different is payouts, they can be as high as 100% and are regularly in the 90-95% range.
Banking At MarketsWorld
Banking at MarketsWorld is one of the best features this broker has. First, the minimum deposit is only $10, this is the lowest deposit of any broker I know. Minimum trade size is only $1 so it is possible to trade, and safely, with a minimum deposit. Deposits can be made by Netteller, debit or credit card and wire transfer. There are no fees for deposits or withdrawals and withdrawals can be made at any time. The minimum withdrawal is only $10 with no maximum and no limit to the number of withdrawals you can make in one month. The only restriction is that you can only have one pending withdrawal at a time. Requests are processed the next business day and paid out within the next 7 days.
MarketsWorld Bonus Terms
The bonus terms here are unbelievable. There is no reason to not take a bonus at MarketsWorld and here is why. Your deposit and bonus funds are held separately. Unlike the general run of brokers which add the bonus to your account when you get it, MarketsWorld puts the bonus in a separate account and then pays it once you have earned it. This means that you can withdraw your money and your profits any time you want. The requirements to meet bonus terms are pretty high, 50 times bonus amount in most cases, but it doesn’t really matter. The bonus sits there, when you have traded the rollover amount it becomes yours.
There are at least 5 different types of bonuses, not counting any contests or specials they may run. These include No Deposit Bonus, $50 risk free trades, 100% cash match up to $1000, loyalty rewards and refer a friend. The no deposit bonus is $10 in a demo account with 50X rollover. The risk free trades insures your first two trades up to $50 total and only has a 1X rollover, the 100% cash match is the standard bonus with 50X rollover. Refer a friend matches your buddies first deposit up to $500 with 50X rollover. The loyalty rewards is the best, they track your trading for the month and then pay out a special bonus based on that and the length of time you have been with them.