Marketsworld review – accept binary traders worldwide
MarketsWorld review. Visit http://bit.ly/Markets-World
MarketsWorld is one of the first brokers in the binary industry. This broker started operating back in 2011 and even now continues to accept traders worldwide. You might ask how MarketsWorld does it, considering the restrictions other brokers have in the US, Australia and Canada. The trick is that MarketsWorld operates with a gaming license from the Gambling Supervision Commission, based on the Isle of Man, Great Britain.
The company that runs this project is named MarketsTheWorld Limited, and it is also based on the Isle of Man.
Many binary brokers, mostly CySEC regulated, were forced to shut down in the US, Australia and Canada, simply because the authorities of those countries do not regulate binary options trading. Other brokers continue to operate unregulated, which of course creates a lot of uncertainty for the clients. In fact, you might end up scammed if you decide to deal with such an unregulated company, so we advise you to carefully investigate brokers before you open a trading account.
In MarketsWorld’s case, the broker does not have CySEC license, which allows it to continue accepting traders worldwide. If you ask it for a US license, a representative will tell you that the type of binary options trading the broker provides is not prohibited in the United States. Online internet gambling, which is prohibited in the United States, does not cover speculating on the financial markets according to MarketsWorld.
Well, it looks like the broker has found a way to offer its product. If you decide to open a real account, we advise you to carefully read all the legal pages on MarketsWorld’s website.
We actually have been following this broker since it started in 2011, and it is a bit strange that not much has improved with the software. The only thing they improved was to add some more expiry times, including “End of the day” and “End of the next day” for some pairs. The platform still doesn’t provide candlesticks, and adding indicators currently appears to be completely out of the question.
That means if you want to follow the price with technical help, you must use another platform, like Meta Trader 4. Once you get signal for a Call or Put option, you can place your trade at MarketsWorld. Depending on your strategy, the expiries could suit you or not. The times are set on the clock, which makes it a bit difficult to place exactly 1 min or 5 min trades. In fact, most of the traders prefer this type of expiry, so we consider it an advantage.
Unfortunately, we don’t see any other improvements on the platform. The assets list is very limited, and stocks are not yet offered. MarketsWorld assured us that more assets will be added soon, and you can expect some stock options in the list.
The big discussion around MarketsWorld is how it provides its price quotes and does it manipulate strike prices. Some traders claim that prices are manipulated, but others think that it is all normal with binary brokers. The fact is that nobody actually knows how binary brokers provide price quotes, and hopefully, we will receive more transparency in future.
What MarketsWorld says is that all prices shown on the platform are real-time price quotes received from the responsible stock exchange for stocks and indices. For Forex pairs, the platform receives real-time quotes from over two dozen interbank sources and must employ filter algorithms to provide the most competitive rate at the time, since there can often be dozens of competing rates per second received from the banks.
In our experience, we haven’t noticed price manipulations, but payouts change quite fast and if you see 81% displayed on the platform, you might actually buy the option with 79% payout. Most of time, you will get paid 70% to 75%, depending on the pair you trade and your expiry time.
Despite the basic software, MarketsWorld can compensate with really good service and fast withdrawals. You can always reach the support guys in Live chat, and they are really friendly and helpful.
We must say you can definitely rely on good support with that broker. The best payment option is Neteller as you can make a withdrawal in a few minutes. You can also use PaySafe Card, VISA or MasterCard.
MarketsWorld is also offering great promotions for new customers. You can easily start with no deposit bonus, which means you don’t need even to make a deposit to start your real account. You just need to enter the bonus code upon registration, and the bonus cash will be credited. To request a withdrawal, you must reach 0 in volume trades. Please keep in mind that the minimum trade is only.
The minimum deposit is only , and you can open a free demo account.
Should you have any questions, please use the comments below. We wish you happy trading, and don’t forget to subscribe!