Binary options trading is an exciting but dangerous world and you need to be careful in evaluating the different binary options brokers. We help you in this task by analyzing the reliability and features of leading brokers. Use our series of articles to shortlist reputed brokers and select suitable ones from among them for your trading needs.
You need not have any worries about the reliability of MarketsWorld as they are based in the Isle of Man which is a part of Great Britain. Naturally, the market there is bound to be transparent and well controlled. MarketsWorld’s licensing and regulation fall under the Isle of Man Gambling Supervision Commission which supervises the functioning of betting and gaming companies, and provides protection to traders. MarketsWorld has been around since 2011 and have built a solid reputation of reliability and quality service.
Trading Assets
Compared to top binary options brokers, MarketsWorld offers a rather limited asset range for trading. These include FX currencies, indices futures, and gold. But there are no commodities or leading indices.
Fees and Payouts
MarketsWorld reviews show that this broker offers transparent pricing policies and there are no commissions or hidden fees. Maximum payout is 90% but if you lose a trade you don’t get any money back. Trade sizes range from $1 to $1,000, therefore this broker is ideal for beginners and intermediate traders. If you wish to invest more than $1,000, you should look for alternative binary options brokers who provide the facility.
Trading Features
MarketsWorld offers all the basic trading options and financial products including the regular 5-minute trades, ladder options, 60 seconds, and call/put. The minimum investment amount is just $1 so you can safely experiment with this broker without worrying about losing a big sum. Overall, the trading environment is right up there with the best players in the industry.
Trading Platform
The broker has built a sophisticated online trading platform that functions on a web-based interface. There are no major performance concerns and the platform is compatible with all popular mobile and desktop operating systems. The platform boasts advanced trading programs and security measures, and hence is recommended for expert traders. It is aesthetically attractive and can provide an enjoyable trading experience once you get the hang of it.
Demo Account
MarketWorld reviews agree that all users are offered a free unlimited demo account with $5,000 virtual money. If you exhaust this amount, do not worry as you are given unlimited recharges. Therefore, you can take your own sweet time to get acclimatized to the trading platform and different tools before opening a live account. Use the demo account smartly to gain valuable knowledge and experience that can help you trade profitably.
Mobile Trading
You can access the web trading interface through your mobile device’s browser and trade on the go. This technology is preferred by most brokers in the industry. Some also offer a dedicated app for enhanced security and convenience. The MarketsWorld mobile app can be used only on iOS devices which benefits iPad and iPhone users. Android users will be disappointed as this broker does not offer an app for this operating system.
Trading Accounts
MarketsWorld offers only 2 trading account types: a demo account and a regular account. Simply invest just $10 to open a live trading account. New clients can avail a free $10 no-deposit bonus which adds to the excitement.
Banking Info
The minimum deposit needed is just $10. Therefore, this broker is suitable for smaller investors. You can utilize several online and offline methods for deposit and withdrawal including Mastercard, Visa, Paysafecard, Maestro, Ukash, Neteller, Solo, and Switch.
If you opt for wire transfer, the first withdrawal is free, but you will be charged $50 per withdrawal for subsequent withdrawals. There are applicable fees for other payment methods as well. However, MarketsWorld waives off fees for Neteller and credit/debit card withdrawals.
Bonus
MarketsWorld stands out in the binary trading world for its hefty bonuses. To start, there is the $10 no-deposit bonus for new traders as mentioned above. You can withdraw the bonus amount and profits by transacting at least 50x volume in a specified period of time.
The second good bonus is a 100% deposit bonus of up to $1,000. This is a one-time bonus that comes with the same terms as the no-deposit bonus. There are also additional conditions so make sure to read their policy carefully.
Existing customers can benefit from the Monthly Loyalty program in which they can trade their loyalty points for cash withdrawals or credits. If you have friends who are also interested in binary trading, you can make use of the refer-a-friend bonus that gives up to $500 for each verified referral.
Finally, MarketsWorld also facilitates a $50 risk-free trade, which allows you to spend up to $50 without worrying about loss. If your first trade turns out to be a losing one, the broker will credit $50 into your trading account without asking any questions.
Customer Support
MarketsWorld stands out for its excellent customer support facilities that are offered 24/7 via phone, email, and live chat. The agents are friendly and knowledgeable, and trained to resolve your concerns in a jiffy. This aspect adds to the credibility of the company and gives investors trust and confidence that they are in safe hands.
Extra Features
On the flip side, there is no knowledge base on the website and the broker also does not provide any signals-based service. However, you do get daily news feeds on their website as well as market summaries that you can utilize to get an idea about economic indicators and market trends. This can help you make smart predictions and enhance the chances of winning trades.
Summary
Let’s now take a look at MarketsWorld pros and cons: On the positive side, the broker is licensed and regulated, requires a minimum investment of just $10, accepts varied payment methods, offers attractive bonuses, loyalty programs, and a risk-free trade, and provides top notch customer service. The negatives are only a few and include limited number of financial assets for trading and lack of a resources page and knowledge base on their website. To sum up, the number of positives are far more which assures you that you can safely trust MarketsWorld to provide you a fair and interesting trading experience.
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