MarketsWorld General Information
Headquarters: Grosvenor House, 66-67 Athol Street, Douglas, Isle of Man, IM1 1JE, Great Britain.
Regulated: Yes (GSC)
USA Traders: Allowed
Available Assets: 17
Min. Deposit: $20
Min. Trade Size: $5
Max Trade Size: Not Mentioned
Additional Features: Non
Platform Provider: MarketsWorld
Languages: English, French, Arabic
MarketsWorld Broker Review
Marketsworld is owned in fact by a company called Marketstheworld which is based in the Isle of Man, Great Britain. They are also calming to be regulated by GSC since April, 2011. You should know that GSC stands for: Gambling Supervision Commission, meaning that Marketstheworld is operating in the binary options industry with gambling agency license. Which is not ideal if you are asking me, yet still better compare to an unregulated broker.
The design and general user interface is very similar to a casino website, yet a very old one. It feels like whoever made the design for the site either did not wanted to do it or he didn’t not have any previous experience in web design. On a more positive note, they do let you have a demo account quite easily which is not that common among most binary brokers, so traders do get the chance to trade on Marketsworld platform without the need to invest real money.
Let’s talk a little about their trading platform. Well, it’s not the most impressive I have witness so far. They claim it is their own development, yet it seems to me like a typical Trade Smarter platform. The charts used on their platform is not the most friendly chart I have seen and the prices on it are barley readable. When I opened up a trade, I have noticed a 14 second countdown before the trade is actually placed which is really annoying and damage the ability to trade fast. After the trade expire, it takes 3 minutes for it show under the expired trade list and for you to basically know if you won/lost the trade.
They do offer 100% like most brokers and is limited up to $300 investment. In order to withdrawal the bonus money, you will need to trade 20 times the given bonus, which is actually better than other brokers conditions. According to their T&C withdrawal takes 3-7 business days and the minimum amount allowed for withdrawal is $10.
Why to open an account with MarketsWorld
We always say how much it is important to trade only with regulated broker so they do have regulation, although it is not CySec or Mifid or any other official finance regulator. Apart from that I do like the fact they have been operating since 2011, meaning they are not a new broker and they defiantly stood up in the time test. The fact they easily give out demo account as well as to start with a $20 as a first deposit are both very positive signs.
Why NOT to open an account with MarketsWorld
Wall Of Shame
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