Markets World excels at offering an extensive selection of bonuses and promotions to both new and existing clients to help maximize profits and their level of customer support is also excellent with a number of convenient contact options available. Their trading software is easy to use and is web-based so there is no need for memory intensive installations or downloads, however their selection of options is very poor with less than 20 different assets to choose from.
Markets World is a licensed and regulated broker that offers its clients peace of mind over financial security and privacy of personal details thanks to strong 128 bit RCA encryption across its site. While their range of assets is extremely limited, this broker does ensure that its clients benefit from an impressive selection of bonuses and promotional deals and it also takes care to offer a high level of customer service. Offering free demo accounts for any potential client, Markets World guarantees rapid transactions, a fast and reliable web-based trading interface and high rates of return.
Established as an online binary options broker in 2011, Markets World is operated and owned by MarketstheWorld Ltd in the Isle of Man, UK. As a fully licensed and authorised broker under the regulation of the Isle of Man Gambling Supervision Commission, Markets World complies with all regulatory controls included the provision of segregated accounts for client funds for the customer’s peace of mind.
The assets offered by Markets World include:
FX – 14 currency pairs
Commodities – 1
Indices – 3
Overall, there are less than 20 underlying assets to choose from with this binary options broker which is considerably less than most other brokers.
Bonuses & VIP programs
Markets World boasts an impressive range of bonuses for both existing and newly registered clients. Their welcome bonuses include:
- No deposit bonus of $10/£10/10 Euros/C$10/A$10 on registering
- Two opportunities for a $50/£50/50 Euros/C$50/A$50 risk free trade
- 100% initial deposit bonus cash match up to £1000/$1000/1000 Euros/C$1000/A$1000
Their loyalty bonuses include:
- Monthly loyalty reward
- Refer a friend bonus of $500 / €500 / £500 / C$500 / A$500
Markets World offers intuitive and easy to use desktop trading software for PCs which is web-based and can therefore be accessed from any internet enabled device without any need for installations or downloads, however there is also a convenient downloadable mobile trading app for iOS smartphones and tablets. This free to download app allows clients to benefit from payouts of up to 100% on a variety of assets with access to 24/7 client support and free demonstration accounts. Offering all of the convenience of trading on the go from anywhere worldwide, the mobile interface can be viewed in 8 languages and offers all of the functionality of the desktop platform.
Deposits and Withdrawals
Markets World offers a good range of deposit options including:
- Bank debit cards
- Visa Electron
- Visa Debit
- Visa Purchase
- MasterCard Debit
- Bank wire transfer
- Paysafe Card
5 currencies are accepted by Markets World: Euros, British Pound Sterling, US Dollars, Australian Dollars and Canadian Dollars. This broker charges no fees on either withdrawals or deposits and making a deposit is very quick and easy via the client account portal. The minimum amount permitted for deposits is extremely low at just $10 / £10 / €10 / C$10 / A$10, which is ideal for newcomers to the financial market who do not want to take too great a financial risk. The lowest stake per trade is just $1 / £1 / €1 / C$1 / A$1. There is a low minimum withdrawal limit of $10 / £10 / €10 / C$10 / A$10 and there is no maximum limit imposed for any withdrawal method. Withdrawals can be requested at any time, and there are no limits imposed on the number of withdrawals or deposits made within a specified time period. Withdrawals are requested quickly and easily via the client account portal and withdrawals are return via the same method that the deposit was made, with processing taking place within one working day and payments being received within 2 to 7 working days.
Markets World has a high level of customer service for its clients, with representatives available 24 hours a day 7 days per week to respond to queries and address any issues that may have arisen. Their online Support Centre and Frequently Asked Questions sections are a good initial resource for answers to the most commonly posed queries, however if these fail to provide an appropriate response, there are several other contact options available including:
- Live chat – the fastest and easiest way to contact a representative. This secure channel ensures that all communication is kept private through strong encryption
- Telephone – there is a UK based telephone number provided on the broker’s website
- Fax – there is a UK based fax number provided on the broker’s website
- Email – there is an email address provided on the website and any queries posed in this manner will receive a response within 24 hours
Markets World’s website can be viewed in 11 different languages for the convenience of clients all around the world including:
Extra Features and Resources
While many other binary options brokers offer a range of educational resources, signals or trading tools to improve and enhance their investment experience, Markets World does not appear to offer any such additional resources or features. This broker does, however, offer the convenience of a free demonstration account for all potential clients which allows them to test out the features of the trading platform before making any commitment to opening a live account. This is a useful facility for novice traders who want to practice trading in a risk free environment as well as for experienced investors who are keen to try out new strategies before risking any of their own funds.
Overall, Markets World has a number of features that may appeal to potential clients. Some of the pros and cons of choosing this binary options broker include:
- A licensed and regulated broker in the Isle of Man
- Simple and user friendly trading terminal
- A web based trading interface with no need for any downloads or installations
- Mobile trading through the free iOS app
- Numerous customer contact options including Live Chat
- Several convenient payment options to choose from including e-Wallet methods
- Easy to request withdrawals and deposits
- Low initial deposit requirement – ideal for novice investors
- Plenty of bonuses and promotions for new and existing clients
- Security of financial and personal information thanks to strong encryption across the site
- Easy online registration process
- Free demonstration accounts for all potential clients
- Multilingual website and customer support service
- 24/7 client support
- Extremely limited asset range
- No mobile app for Android users
- No educational resources or trading tools
Is Markets World suitable for beginner investors?
As Markets World has a very low initial deposit amount requirement of just $10 / £10 / €10 / C$10 / A$10, and a low minimum trade requirement of just $1 / £1 / €1 / C$1 / A$1, this broker is an ideal choice for anyone who is brand new to binary options trading and who is looking for a low risk way of starting out in the financial markets.
Is Markets World a scam broker?
Anyone who is considering registering for a trading account with Markets World can rest assured that they are making a sensible choice. This is a licensed and regulated broker in the Isle of Man and therefore can be relied upon as a trustworthy operator in the financial market.
Can I make a deposit via an e-Wallet?
Markets World offers a number of different deposit and withdrawal methods for its clients to choose from, and one of these is the popular online e-Wallet method Neteller.
Can I open a demo account with this broker?
Unlike some other binary options brokers, Markets World offers all potential clients the option of opening a free of charge demonstration account. This useful facility allows clients to test the interface and experiment with strategies completely risk free in a real-world trading environment.