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Markets Review rate: 5.00
Operated by the reputed Cyprus Investment Firm, SafeCap Investments Limited, Markets has come out as a promising Forex broker. The surety of the safety of your money is affirmed by the fact that SafeCap Investments Limited is regulated by the CySEC (Cyprus Securities and Exchange Commission).
The account type choices with Markets is especially enticing with several welcome bonuses on offer for traders of all account levels along with some additional FX on-the-go perks, depending on the account type chosen by you. A mini-account requires a minimum initial deposit of $50, a standard account calls for at least $2,500 and a VIP account can be opened with a minimum initial deposit of $20,000. A demo account is also available with $100,000 intact to allow beginners to hone their trading skills and understand the market trends better before they risk their hard-earned money in real time trading.
Markets offer tight spreads and a perfect leverage of 200:1 to its clients, as higher leverage also increases the risk. No commission policy and fixed spreads are two impressive initiatives taken by Markets. Markets traders also face no difficulty with major financial instruments, like Stock Equities and CFDs.
Another primary advantage is the multiple software platforms made available by Markets, irrespective of the account type of the traders. MetaTrader (MT4), GFC Trader, GFC java Trader and GFC Mobile Trader are the four platform choices you have. Interestingly, GFC Java Trader and GFC Trader platforms are based on ACT Forex Technology and are very user-friendly.
The ACT technology implies the inclusion of all essential market features, like Take profits, built-in analysis tools and Stop Losses. Also, these are highly customizable platforms for easy functionality of the traders.
Easily installed and operated, GFC Trader is a windows-based platform. Smorgasbord of technical tools is provided by this downloadable platform for real time charts trading. Traders who are often out of their home when accessing markets can take advantage of the GFC Java Trader platform. No installation or download is required for this platform and you also benefit from the amazing security features of this java-based platform. You may use it on any browser.
MT4 offers extensive indicators and charting tools, customized expert advisors, impressive speed, simple entry orders and low latency order execution, which suggests lesser re-quotes and best pricing options for the traders. Traders can have easy and quick access to the markets via their cell phone when on the move, by using the GFC Mobile Trader application.
There is immense flexibility with Markets in regards to account deposits. Debit or credit card transfers are accepted via Diners’ Club, MasterCard and Visa. Wire transfers are also provided for both withdrawals as well as deposits. They are even open to consider local transfer options upon discussion. No fee is charged by the broker for the withdrawal/deposit process. In fact, they commit to reimburse clients for the charges incurred to the bank for deposits that exceed the mini account limit of $2500.
Client needs to submit a withdrawal request form to initiate the withdrawal process. Withdrawals through credit cards are almost instant, while it may take up to 72 hours through other mediums. At times, it may take a little longer than this, due to interbank market delays.
Multiple language customer support is offered by the Markets. Live chat, telephone and email are the support options offered. Though the customer support is available 24 hours, promptness of their response still has a scope of improvement.
To conclude, great pricing, excellent fraud protection, and overwhelming regulations at Markets are second to none. The security and flexibility of trading provided by them makes it a highly coveted forex broker in the market, though its customer support needs a little improvement.
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