MarketsWorld Review

Broker ReviewsMarketsWorld Review

MarketsWorld Review

MarketsWorld, Trade with the best regulated binary options broker

With the rising popularity of binary options and the proliferation of binary options brokers all over the internet, it is only natural for any person to feel excited about this new phenomenon in the financial world. Nevertheless, it is important for you not to get carried with all the excitement. When it comes to online trading, it is crucial that you select the right broker to work with. The main reason for this is the fact that the broker plays a key role toward ensuring that you will be profitable in your trading activities. With our review on MarketsWorld, you will be able to determine if this broker is the right fit for all your trading needs.

 

 

Company information

Founded in 2011, MarketsWorld is a binary options trademark that belongs to a holding company called MarketsTheWorld Ltd. Its operation is based on the Isle of Man, a self governing island under the protection of the British government. Its head office is located at Burleigh Manor, Peel Road, Douglas, Isle of Man. In terms of regulatory oversight, MarketsWorld’s operations come under the jurisdiction of the Isle of Man Gambling Supervision Commission. Unlike in Cyprus and Malta where binary options is regarded as a financial instrument and hence regulated by a financial regulatory body, in the UK and the Isle of Man, binary options are seen as a form of betting activities. As such, binary options trading activities is subjected to oversight from the Gaming Commission.

 

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Trading Platforms

For its trading platform, MarketsWorld has opted for a proprietary solution as opposed to a white labelled solution. For using a proprietary platform, MarketsWorld is able to meet the specific trading needs of its clientele base better. Hence with the trading needs of its clients taking centre stage in the development process of the trading platform, MarketsWorld has designed its platform to be easy to use. The assets that are available for trading are placed on the left side of the trading screen.

 

 

As for the trading chart, it displaces a major portion of the trading screen. The type of trading chart to display can also be altered depending on the trader’s preference. It can be viewed as a candlestick chart or a line chart. Chart time frame can also be adjusted to suit the trader’s trading perspective. The available time frame ranges from 5 minutes to 120 minutes. Nevertheless, while the platform comes with several powerful features, its major limitation is the fact that it only supports the High/Low type of binary options.

 

Mobile

For iPhone and iPad users, the MarketsWorld trading platform is also available as a mobile trading app. The app can be downloaded for Apple’s App Store free of charge. Once installed, the app will enable iPhone users to trade the markets directly for their iPhone. In addition, they can also use the app to manage their trading account. At present, only iOS powered devices are supported with a dedicated mobile app. For Android users, the MarketsWorld trading platform is still accessible to them but through the web browser on their problem.

 

Assets available

Currently, MarketsWorld has only provided their traders with a limited range of underlying assets to trade with. They includes one type of commodity, 14 currency pairs and 3 different types of market indices. The following table below shows the specific underlying assets which are supported by MarketsWorld.

Commodity Forex Pairs Market Indices
Gold 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

Tadawul Index

Dubai Index

TA-35 Index (Tel Alviv)

 

Bonuses & Trading Accounts

To keep matters simple for its clients, MarketsWorld has provided its traders with one standard type of trading account. The account opening process is straightforward and traders can easily afford it as the minimum deposit requirement is just $10. For potential clients, MarketsWorld has also provided them with the facility of a demo account. It is accessible to traders once they have registered with MarketsWorld. There is no restriction on the account and traders can reload the demo account at any time that they want. However once the trader has upgraded his trading account to a real account, his demo account will become void.

 

Holding a standard account has its obvious benefits. For starters, new traders will be given a free $10 bonus upon making their first deposit. Other benefits of the standard account also include:

 

  • » $50 Risk Free Trade
  • » 100% deposit bonus up to a maximum value of $1000
  • » Loyalty reward on a monthly basis

 

Apart from the perks that the standard account holder will receive, there is another type of bonus offered by MarketsWorld that is open to any registered user of MarketsWorld. This is the “Refer a Friend” bonus. For every referral that is successful, the trader will receive a $500 bonus for his effort.

 

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Fees and Payouts

With binary options trading, the trader will not incur any trading fees except for the premium that he paid for his option contract. The premium that is paid also represents the investment amount for the trader. At MarketsWorld, traders have to opportunity to as much as 90% on their investment.

 

Deposits and Withdrawals

There are several methods which a trader at MarketsWorld can use to fund his trading account. These methods comprise of Bank wire transfer, credit and debit cards and eWallets. Supported credit cards include the following:

 

  • » Maestro
  • » MasterCard Debit
  • » Solo
  • » Switch
  • » VISA Debit
  • » VISA Electron
  • » VISA Purchase

 

For eWallets, MarketsWorld support the following types of eWallets:

 

  • » Neteller
  • » Paysafecard
  • » UKash

 

Withdrawals are also done through the same methods used for depositing funds. Normally, the broker will transfer through the original method that is used for depositing the trading funds. As for the time taken for a withdrawal, this will normally require up to 7 business days to complete. The minimum withdrawal amount is $10 and there are no withdrawal fees of any kind.

 

Customer support

For non English speaking traders, the MarketsWorld’s website is also available in several other languages such as:

  • » Arabic
  • » Chinese
  • » Dutch
  • » French
  • » German
  • » Hindi
  • » Italian
  • » Portuguese
  • » Romanian
  • » Russian
  • » Spanish
  • » Thai and

In addition to ensure that all its clients’ trading needs are met expeditiously, MarketsWorld has made its support services available 24 hours a day a 7 days a week. Any trader that needs help can easily reached out to the customer team through email, live chat, telephone or fax.

 

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Extra features and resources

Unlike most other binary options brokers in the industry, MarketsWorld does not offer their traders any other extra features or resources. What trading educations which MarketsWorld has provided are essentially very basic and does not add value to a trader’s knowledge base.

 

Verdict

From our observation, Marketsworld still has a lot more work cut out for it in order for it to be able to compete on equal ground with other binary options brokers in the industry. For example, it needs to expand on its product offerings such as increasing the types of option contracts as well as the number of underlying assets. Nevertheless, MarketsWorld does have its strengths which are its responsive customer service and regulated status. Hopefully in the near future, the broker will be able to increase the number of option types as well as the range of assets covered.

Pros:

  • » $10 Minimum deposit requirement
  • » High Return on Investment
  • » Regulated Broker
  • » Several types of Bonuses

 

Cons:

  • » Lack of Trading Academy
  • » Limited choices of underlying assets
  • » Only High/Low Options Supported

 

FAQ

Is MarketsWorld a regulated broker?

Yes. MarketsWorld is a broker that is regulated by the Isle of Man Gambling Supervision Commission.

 

What is the maximum payout at MarketsWorld?

The maximum payout on a trade on the MarketsWorld trading platform is 90%.

 

Is there a demo account facility?

Yes, A free no obligation demo account is provided for the benefit of MarketsWorld’s traders.

 

What is the minimum deposit requirement at MarketsWorld?

The minimum deposit requirement at MarketsWorld is $10.

 

 

TRADE AT MARKETSWORLD

 

 

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