Trading Binary Options With MarketsWorld
With an increase in the overall number of binary options brokers and allied brokerages, it is becoming exceedingly difficult to choose a reliable company that adheres to the best practices in the financial markets. Traders are often bombarded with offers and account benefits, but some brokers are rarely up to the job. In binary options trading, it is important to invest in a world-class service, not only to ensure a fair playing field, but also to guarantee the safety of funds.
At MarketsWorld, we have found some unique positives that should help in catering to most modern trader requirements. Our professional MarketsWorld broker review is not only designed to offer better specifics about the company’s financial products, but it also aims to keep you informed about the trading experience in general.
While most modern binary options brokers claim to be dedicated financial brokerages, even if they are not, MarketsWorld does things a bit different to the general consensus. For instance, the company is located in the Isle of Man, Great Britain, and is regulated by the Isle of Man Gambling Supervision Commission. MarketsWorld operates as a gaming company that offers binary options products under the gaming banner, making it one of the more honest and reliable binary options trading companies. MarketsWorld does not conceal any fact that its products are more oriented towards betting in the markets, which is what binary options trading is all about.
Although MarketsWorld is located in the UK, the gaming status of the company may prevent MarketsWorld from operating in countries where gambling or any form of betting is considered to be illegal.
Regardless, the company assures its investors about following safe and secure operational protocols to enhance the safety of its clients and their investments. MarketsWorld is a pretty established binary options company, as the firm has been operating in the markets since 2011 under the brand name MarketsTheWorld Limited. There are several positive attributes about MarketsWorld regulation, which does indeed help in creating a sense of trust among traders.
MarketsWorld Financial Assets
Binary options traders expect their companies to provide the most comprehensive list of financial instruments from multiple financial markets. On an average, binary options brokers provide a wide range of underlying assets anywhere from 100 to 10,000 instruments, depending on their market reach and partnerships. Although MarketsWorld has a great amount of experience in the global financial markets, especially in the EU, we are a bit disappointed that MarketsWorld does not offer as many tradable assets as one would expect. The list of instruments is limited to a few currencies, commodities, and indices.
Commodities – Gold
Forex Pairs – AUD/JPY, AUD/NZD, AUD/USD, EUR/GBP, EUR/USD, GBP/USD, USD/CAD, USD/JPY, EUR/JPY, GBP/JPY, USD/CHF, USD/RUB, USD/TRY, USD/ZAR
Indices – TADAWUL Index, Dubai Index, TELAVIV TA-35 Index
The distinct lack of stocks, popular indices, and even Pair options is a substantial drawback for the company, in light of the ever-increasing competition from other leading brokerages. Brokers normally cover all corners of the global financial markets by roping in the services of third-party platforms and multiple price feeds. The company does assure its traders of providing leading stocks, indices, and ETFs for trading, but we failed to retrieve such data from any of the broker’s platforms or online resources. Regardless, MarketsWorld may be apt for traders who are not looking for outright numbers, and who rather wish to concentrate on a few trade-able assets at a time.
MarketsWorld Binary Payouts & Trading Strategy
MarketsWorld traders can enjoy one of the best payouts in the binary options markets, as the potential payouts can reach as high as 90% for winning trades. Of course, the average payouts may be slightly smaller, as different instruments may provide varying ROIs, according to market conditions. Nevertheless, the company offers payouts in between 60% and 90%, which does sound like the typical payouts that are offered by most binary options brokers. There are no refunds provided by MarketsWorld for losing trades.
You can try out different trading strategies by making use of numerous binary options trading products such as standard high/low, 60 seconds, and long term options. One of the best features of trading with Markets World is the minimum investment required for opening a trade. Traders can invest as low as $1 per trade, while there is a maximum investment threshold of $1000. Traders are free to enter as many positions at a time as they prefer, but the company may enforce maximum exposure limits to prevent traders from over-leveraging their account capital.
We do not actually endorse the use of high investments for a single position in binary options trading. High-risk trading can lead to massive losses, which can wipe out accounts in an instant. The maximum investment limit of $1000 is a great tool for limiting risk, but it may affect larger traders adversely. Traders with a higher investment capital may require larger investment options, with an ability to invest at least $10,000 for account equity that may reach millions of dollars. Regardless, small to medium traders should be comfortable with the existing MarketsWorld investment limits.
MarketsWorld Trading Interface
The MarketsWorld platform is an online web-based trading software that provides market access through a device’s web browser. Online web-based platforms are highly popular in the binary options market, as a majority of companies stick to known or established online trading platforms. The advantage of a web-based platform is that it is entirely mobile and responsive, making it suitable for both desktop and mobile trading. However, the only difference between the MarketsWorld trading platform and other broker platforms is that the MarketsWorld platform is solely developed by the company, while most brokers prefer to adopt a third-party trading platform such as SpotOption or TechFinancials.
The proprietary MarketsWorld platform has an excellent user interface that is graphically superior to some of the more established platforms in the market. However, the great user interface does have some associated drawbacks, as there are issues with the performance of the platform and the appearance of some technical difficulties. Regardless, the interface does perform according to the general expectations, and users are provided with an all-encompassing dashboard that has charting tools, options to choose trading parameters, and access account history, all in a single place.
Mobile Trading With MarketsWorld Apps
There are different options for mobile users, in particular for those who are looking to access their accounts on their smartphones or tablets. The broker explicitly recommends the use of their online trading platform for all traders, but there is a dedicated mobile app for iOS users. However, the absence of a dedicated MarketsWorld mobile app for the Android or other operating systems is quite evident, which may lead to some degree of customer dissatisfaction. The responsive and flexible MarketsWorld desktop trading app may provide a consistent trading experience for mobile users, but the company should concentrate on adding an Android app to the mix as well.
MarketsWorld Account Transactions – Deposit & Withdrawal
Opening a real trading account at MarketsWorld is as easy as signing up with your email address and adding in some personal information. Traders are reminded that binary options trading, like all other financial products, require investors to verify their identity before they are allowed to make a withdrawal. Nevertheless, traders can start trading as soon as they open an account and make a deposit. In order to cater to a large section of retail traders, the MarketsWorld minimum deposit is set at $10, with no maximum limits enforced in account equity. Markets World is one of the most preferred binary options companies that have a low minimum deposit requirement, as some of the other companies in the market may ask its clients to deposit upwards of $250. It is also not uncommon for brokers to stipulate a higher deposit that can reach up to $10,000 and beyond, which makes a MarketsWorld account quite attractive for small retail traders.
Withdrawing funds from MarketsWorld is a simple affair, thanks to the regulatory protection provided by the Isle of Man Gambling Supervision Commission. Companies that are located in the UK are regulated and supervised according to a strict regulatory framework, which has led to a record rate of 100% successful withdrawals processed by the company. MarketsWorld even promises of processing withdrawals on the same day as the request is received, but under real-time conditions, traders must expect a few delays.
Account funding and withdrawal can be done through popular payment methods such as Neteller, Visa, MasterCard, Paysafecard, and UKash. There is also the option of transferring funds through a bank wire transfer, but both deposits and withdrawals may take a significantly longer duration than online payment modes. The company covers all costs of depositing funds through a wire transfer, but only the first withdrawal is free for a calendar month. All subsequent wire transfers may incur a $50 fee, on top of other charges that may be charged by intermediary banks.
MarketsWorld Bonus & Other Promotions
Despite being a regulated binary options company, MarketsWorld is one of the very few companies that offer an excellent bonus program for its clients. For starters, traders are treated to a no-deposit $10 bonus, which is available to all traders without making any deposits. Of course, the no-deposit bonus does have several conditions, but it is a great way of accessing the markets without risking one’s own money. However, the company also provides a regular bonus on deposits, where MarketsWorld matches up to 100% in cash, for a maximum bonus of $1000.
The regular bonuses are also complemented by monthly rewards programs, where traders are compensated according to their loyalty points and trading history. Loyalty programs are quite popular among most binary options brokers, particularly for those who transact large volumes on a given month. Loyalty programs are also an excellent opportunity for high-frequency traders to recover a part of their trading capital to enjoy more market exposure. MarketsWorld also has a unique refer-a-friend program that matches a 100% deposit for all verified client deposits.
The maximum refer-a-friend bonus is restricted to $500 per referral, but it is an excellent way to earn more money by signing up your family or friends to the MarketsWorld binary trading platform.
If you are not too confident about your trading prospects, or if you are anxious about losing your first few trades, you can simply opt for the risk-free promotion, which gives you a protection of up to $50 in losses for your first two trades. Therefore, regardless of your trade outcome for the first two trades, the company will compensate $50 to your account. Of course, the $50 risk-free bonus is only available if you lose your trades, and is available as a one-time offer.
MarketsWorld Demo Trading
It is quite difficult to open a demo account in the binary options industry, as most companies only offer paid demo options or reserve its demo accounts to live account holders. Nevertheless, MarketsWorld offers unlimited demo account access to all traders, without charging a dime. The practice account option has an opening credit of $5000, which can be replenished with ease. Traders must use the practice account before investing any money into a live trading account, as it is imperative to use all the available tools of trading before taking the risk.
Customer Support Channels At MarketsWorld
MarketsWorld appears to be proactive in its approach towards customer service and satisfaction. All traders receive top-notch customer support, with traders being able to access the company representatives through live chat, phone, and email. The 24 hours live chat department is certainly the best way to contact the broker for any clarification, as it provides instantaneous support for almost all customer queries. We can’t help but commend the efforts of the company towards maintaining an excellent customer interaction channel, even if it’s mandatory from a regulatory perspective to maintain a professional customer interaction platform.
MarketsWorld Trading Resources
MarketsWorld has performed brilliantly in most of the aspects of the company’s binary options services and products, but traders may find it hard to receive any kind of assistance from the company for actually investing in the markets. Aside from a few articles about the binary options markets and a beginner guide for traders, MarketsWorld does not provide any market analysis, trading signals, or other resources for its clients. While MarketsWorld concentrates on informing its traders about the importance of betting responsibly, they are yet to provide any useful trading knowledge base for its users. Regardless, there is a news section that covers all the latest happenings in the financial markets, which does make it easier for MarketsWorld clients to follow the markets closely.
There also appears to be a lack of VIP account options for larger investors. Brokers must pay attention towards both categories of traders, and should create custom-tailored accounts for different investors. A VIP account with better bonuses and trading features would have certainly opened up considerable opportunities for MarketsWorld as a binary options company.
- MarketsWorld is an excellent choice for smaller investors.
- MarketsWorld is located in the UK, which enhances the safety of investments.
- Traders have great bonus options and risk-free trades.
- Availability of a free demo account for trading practice.
- Account funding can be performed through both online and offline payment modes.
- Excellent customer service.
- No dedicated mobile app for Android devices.
- Lower number binary options instruments when compared to the competition.
- Some minor issues with the trading platform.
How To Open An Account At MarketsWorld?
MarketsWorld offers a dedicated account signup page that allows traders to open an account by submitting user information and an email address. Traders can open an account instantly, and start trading as soon as they make a deposit.
What Is The Minimum Deposit & Minimum Investment?
The minimum deposit is $10, and the minimum investment per trade is $1. There is a maximum investment limit of $1000 per position, but traders are free to open any number of positions, albeit with some broker-induced restrictions.
Is MarketsWorld A Scam?
MarketsWorld is regulated by one of the leading gaming commissions in the industry, and its UK presence points to a genuine service.
How Can I Contact The Customer Service Department?
Traders can get in touch with their account managers or company representatives through email, live chat, and phone. The company has also provided its official address for physical correspondence.
If you are looking for a genuine binary options trading company that is transparent about its policies, MarketsWorld offers an excellent product that only requires a minimum investment. Obviously, there are a few concerns with the company’s services, but they are mostly better than the services provided by other leading companies.