If you’re looking for a broker who can give you a lot of variety, look to Trade Markets. This broker has a wide range of account types, and they have both MetaTrader 4 and their own proprietary platform, Trade Markets Trader, available to their clients.
The broker also has highlights like a Portfolio Manager, which can help you develop the best trading strategy possible, based on your expectations and risk tolerance. Read through the guide to see the benefits to signing up for an account with Trade Markets.
Pros and Cons
Pros
- Wide Range Of Account Types
- Access to Hundreds Of Forex Pairs
- Responsive Customers Service
Cons
- Not Many Educational Tools
- Not Many Platforms
- Commissions Charged
Who Is Recommended For?
Trade Markets is good for traders who have at least some experience in the industry. There isn’t an overwhelming amount of educational tools with this broker, so it is best to come into T.M. knowing about the profession. Trade Markets is also good for anyone who likes MetaTrader 4, though it will work for people who want a proprietary platform as well.
Regulated By
- Cyprus Securities and Exchange Commission (Cyprus)
Top Features
- Portfolio Management. A portfolio manager oversees a portfolio of investments in various financial markets on behalf of someone else. They are responsible for identifying investment opportunities, tracking the portfolio’s performance, exiting investments at the right moment, and seeking new investments. The objective of a portfolio manager is to optimize the portfolio to seek opportunities in the market while limiting risk. A portfolio manager must follow all developments across all markets.
Overview
- Type of BrokerMarket Maker
- Regulation & LicensingCyprus Securities and Exchange Commission (Cyprus)
- Clients Accepted from40 Countries
- Assets OfferedForeign Exchange (FX), CFDs (48)
- Platforms AvailableMetaTrader 4, Trade Markets Trader
- Mobile CompatibilityiOS, Android
- Payment Types AcceptedCredit/Debit Card, Bank Wire Transfer, Neteller
Account Types
| Basic | Bronze | |
| Features | Online chart support | Online chat support, |
| Account Currencies | USD, GBP, EUR | USD, GBP, EUR |
| Available Leverage | 1:30 | 1:30 |
| Minimum Deposit | $250 | $1,000 |
| Starting Spreads | 0.1 | 0.1 |
| Commission Per Trade | $12 per lot | $12 per lot |
| Decimal Pricing | Up to 5 | Up to 5 |
| Trading Instruments | 48 Forex (FX) and CFDs | 48 Forex (FX) and CFDs |
| Min. Lot Size Per Trade | Unlisted | Unlisted |
| Max Lot Size Per Trade | Unlisted | Unlisted |
| Demo Account | Yes | Yes |
| Swap/Rollover Free | No | No |
| Copy Trading Support | Yes | Yes |
| Silver | Gold | |
| Features | Online chat support, | Online chat support, |
| Account Currencies | USD, GBP, EUR | USD, GBP, EUR |
| Available Leverage | 1:30 | 1:30 |
| Minimum Deposit | $2,500 | $5,000 |
| Starting Spreads | 0.1 | 0.1 |
| Commission Per Trade | $11 per lot | $10 per lot |
| Decimal Pricing | Up to 5 | Up to 5 |
| Trading Instruments | 48 Forex (FX) and CFDs | 48 Forex (FX) and CFDs |
| Min. Lot Size Per Trade | Unlisted | Unlisted |
| Max Lot Size Per Trade | Unlisted | Unlisted |
| Demo Account | Yes | Yes |
| Swap/Rollover Free | No | No |
| Copy Trading Support | Yes | Yes |
| Premium | |
| Features | Online chat support, |
| Account Currencies | USD, GBP, EUR |
| Available Leverage | 1:30 |
| Minimum Deposit | $50,000 |
| Starting Spreads | 0.1 |
| Commission Per Trade | $7 per lot |
| Decimal Pricing | Up to 5 |
| Trading Instruments | 48 Forex (FX) and CFDs |
| Min. Lot Size Per Trade | Unlisted |
| Max Lot Size Per Trade | Unlisted |
| Demo Account | Yes |
| Swap/Rollover Free | No |
| Copy Trading Support | Yes |
Compliance & Regulation
Trade Markets’ parent company is NBH Markets EU Ltd. NBH is a Cyprus Investment Firm, and both Trade Markets and NBH are authorized and regulated by CySEC. The license number if 208/13, and the registration number is 291974.
Reliability & Security
You can best determine a broker’s reliability when you look to the platform they use. Trade Markets uses the popular MetaTrader series, but that series is not the only platform available. In addition to the MetaTrader 4, you can also access a Trade Markets Trader right from your browser. The Trade Markest trader is available from mobile phones and tablets, as well.
Regarding security, Trade Markets is dedicated to providing its clients with a transparent trading environment. The broker is highly regulated, and it says it complies with “stringent regulations” to provide their clients with round-the-clock access to various markets around the world.
Also, Trade Markets keeps client funds in segregated bank accounts. This means that funds are protected, even if the broker goes out of business. Creditors cannot claim the funds, and Trade Markets is audited by independent auditors to make sure everything is above board. There is also an Investor Compensation Fund, as per the rules that TM has to follow as a Cyprus Investment Firm.
User Experience
There are a few facets of user experience that make Trade Markets stand out. These include education and account types. The educational tools and wide range of accounts help this broker stand out, as far as user experience goes.
Education
Trade Markets provides some educational tools to its traders. You can start with its “Introduction to Trading,” which provides a ground-level “how to” for aspiring traders. There are also glossaries and basic guides for people looking to learn the first few steps. Though the educational tools are bare-bones, for now, hopefully Trade Markets will expand their repertoire.
Accounts
Traders who want a lot of accounts from which to choose will like what this broker has to offer. There are five account types: basic, bronze, gold, silver, and premium (discussed in the table above). Each account has its own features and benefits, and you won’t feel hemmed in or limited when selecting an account. There are a lot from which to choose.
Final Thoughts on
Overall, Trade Markets has a lot to offer. There are a wide range of account types, and the broker seems dedicated to offering its clients a transparent and secure trading experience. Customer service is responsive and, though the educational tools leave a little to be desired, Trade Markets is a strong broker.
Contact Info
laptopWebsite:https://trademarkets.eu
laptopEmail: support@trademarkets.eu
callTelephone:+35780070084
location_onCompany Address:
28 October Ave 377, Limassol 3107, Cyprus
FAQs
Q: What trading platforms are offered?
A: Trade Markets offers MetaTrader 4 and Trade Markets Trader, the latter of which is exclusive to the broker.
Q: How do I contact customer service?
A: You can phone, email, or live chat this broker. You can also submit a form on the “Contact” page for a response.
Q: Can I have more than one account?
A: With Trade Markets, you can have multiple live and demo accounts with which to build your trade strategies.
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