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A Professional MarketsWorld Review Of A Leading Binary Options Broker
MarketsWorld is a reliable company for investing in the Binary Options, which provides an excellent bonus program, regulated accounts, and premium customer support. The company may be required to update its platform performance and include more financial instruments, but the overall trading environment makes it one of the safest choices in the market.
- Official Website: www.marketsworld.com
- Headquarters: Isle of Man, Great Britain
- Phone Number: +44 (0) 1624 679 022
- Email Address: [email protected]
- USA Traders Allowed
A Brief Introduction To MarketsWorld Binary Options Trading
In the exciting and dangerous world of Binary Options trading, the overall quality of brokers plays an integral role in determining the profitability aspect of an investor. Make use of our excellent and intuitive review to understand the different aspects of Markets World trading experience. We will provide you with all the inside information on receiving the best services and the largest MarketsWorld bonuses to increase your equity and market exposure. We promise that our review and advice will indeed help you to enjoy a profitable binary options trading experience.
Company Information – All The Key Stats
MarketsWorld is located in the Isle of Man, which is a part of the Great Britain that naturally brings Markets World under one of the most financially transparent markets in the world. Markets World regulation and licensing are supervised by the Isle of Man Gambling Supervision Commission, an authority that is responsible for overseeing the functioning of gaming and betting firms to offer protection to investors against financial malpractices.
MarketsWorld was founded in the year 2020 and is registered in the Isle of Man as a proprietary brand name of MarketsTheWorld Limited. Markets World does not claim to be a broker or an exchange house, as the company clearly mentions its gaming status and the regulatory license issued in the same name. The company has come clear about its gaming status, and traders must not confuse MarketsWorld with other Binary Options brokers in the market that may also offer allied brokerage products and services. In its own right, Markets World offers one of the best binary options trading packages that are suitable for all categories of traders, provided they are willing to overlook a few shortcomings.
List Of Financial Assets Available For Trading
Markets World has limited options for financial assets, as comparatively, other Binary Options brokers offer an exhaustive and comprehensive list of financial instruments for betting on the markets. The list of financial assets available is as follows:
FX Currencies: 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 Futures – TADAWUL Index, Dubai Index, TELAVIV TA-35 Index
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MarketsWorld offers the major currency pairs traded in the Forex market but has not provided any leading indices or commodities, which is a bit of a drawback for Markets World account holders. Other brokers may be able to offer more options and assets, which may be suitable for a major share of the investors market.
The MarketsWorld Fees, Payouts & Trading Features
MarketsWorld does not charge any fees or commissions for trading, as the company is transparent about its pricing policies. The company offers binary options with a maximum payout of 90% with no option for a refund in the case of a losing or out of the money trade. The trade sizes can vary from $1 to $1000, which is usually manageable for beginner to intermediate traders. Traders that wish to invest more than $1000 will have to find alternative options, but it is fairly risky to invest amounts greater than $1000 in binary options due to the inherent nature of binary options.
The company supports all the basic financial products and trading options, including standard call/put, 60 seconds, ladder options, and 5-minute trades. The minimum investment option of $1 is a good option for traders, but it would have been more preferred if the company had offered even a lower investment option as provided by other leading companies. Nevertheless, most traders will find the overall trading environment to be at par with the industry standards and the general trader consensus.
MarketsWorld Trading Platforms
MarketsWorld offers an online trading platform that is designed and developed by the company as a web-based interface, which does seem to have a few teething issues and performance concerns. The platform is scalable to different platforms for both desktop and mobile operating systems, but there are concerns among traders about the unique and differing aspects of trading. The platform has several security measures and trading programs, which may be unsuitable for beginner traders. Some of the more experienced traders should find the platform to be aesthetically pleasing and just about apt for their trading requirements.
MarketsWorld Mobile Trading
Mobile trading is facilitated through the standalone Web Trading interface, which can be accessed through the web browser of a smartphone or tablet. Most binary options brokers offer a web-based platform due to its flexibility and convenience, while a select few companies may also offer dedicated installable trading interfaces. However, most traders now prefer to access their binary options accounts through a dedicated app, which not only ensures a seamless transition from the desktop platform to the mobile platform but also increases convenience and security aspects of trading.
One of the major disadvantages of the MarketsWorld mobile app is that it is restricted to iOS, thereby offering access only through the iPhone and iPad. Android users will find it extremely hard to find a dedicated Markets World app for their smartphone or tablet, which is something that the company should work on, so as to improve its reputation in the market.
MarketsWorld Minimum Deposit, Withdrawal & Payment Options
Markets World does not inconvenience its traders by stipulating a high minimum deposit requirement. You can open an account for as little as $10, with no maximum limits set for deposits or withdrawals. The minimum deposit requirement is not the absolute lowest in the market, but it is indeed easy and convenient for smaller traders to choose MarketsWorld for their trading needs.
Deposit and withdrawal options are available through several offline and online payment methods that include Switch, Solo, Neteller, Ukash, Visa, MasterCard, Maestro, and Paysafecard. All deposits are cleared within an instant, especially since online payments take less than a second for successful transactions. The withdrawal time, on the other hand, is slightly larger than the deposit time, mainly due to the security protocols and the delay in processing funds. MarketsWorld promises to initiate withdrawals on the same working day, which is further reinforced by the company’s reputation and licensing requirements that ensure 100% successful withdrawal requests for all clients. However, make sure that you give around 3-7 days for the withdrawals to reach your account, as there may be internal processes that may delay the transfer process.
Traders can also utilise the option of depositing ad withdrawing funds using wire transfer, where the company covers all deposit fees. The first wire withdrawal is free, but all subsequent withdrawals are charged $50 per withdrawal. The fees for transfers and withdrawals are determined by the broker from time to time, and even online withdrawals may charge fees for transactions as applicable for a particular payment method. Nevertheless, MarketsWorld has promised to waive off charges for credit/debit card and Neteller withdrawals.
Binary Options trading is one of the fewer investment options in the market that offer hefty bonuses and offers to traders to increase their equity without any risk. MarketsWorld bonuses are perhaps one of the best bonuses that the industry has to offer. First up, Markets World offers a no deposit bonus of $10 for all new traders, which can be traded without any restrictions. The company even allows its traders to withdraw the bonus amount and all profits made with the account by ensuring that the trader has transacted at least 50 times the volume over a specified period.
If you are looking for more bonus options, MarketsWorld also matches a 100% deposit bonus of up to $1000 as a one-time bonus offer. The deposit bonus also has the same conditions as the no-deposit bonus, albeit with a few more conditions that comes as standard for new and existing customers. The Monthly Loyalty program is also a good option for existing customers, who can redeem their loyalty points for trading credits or cash withdrawals. The refer-a-friend bonus also provides up to $500 in free money for every verified referral, which is an easy way to raise money without much effort.
Other MarketsWorld promotions include a $50 risk-free trade, which basically allows a trader to risk up to $50 in the market without facing the risk of loss. Therefore, in the event that the trader falls out of the money for their first trade, the company will credit the entire $50 into the trading account, no questions asked. However, a trader can only choose a single type of bonus, and bonuses are only available for new customers. Once a trader redeems their bonus offer, they will not be eligible for any other promotions offered by the company.
MarketsWorld Demo Account
MarketsWorld offers an unlimited free demo account to all users, irrespective of their investments or live account status. The Markets World demo trading account offers almost the same environment as their real trading account, along with opening credits of $5000. Of course, traders have the option of unlimited recharges, which means that they can take their own time into getting familiar with the markets before investing real money. Demo trading is indeed an important part of gaining experience and improving the psychological aspects of trading, which can indeed increase the odds for success in the Binary Options market.
MarketsWorld Customer Support
MarketsWorld has an excellent team of support staff and customer support representatives, who are available 24X7 to answer your queries and address any concerns that you might have. The broker recommends its traders to contact its online live chat department, which offers speedy response and better resolution to a problem without any significant delays. The live chat system does help in imparting most of the information related to binary options trading, while a majority of issues are also resolved through this platform.
For more direct contact information, the company has provided telephone numbers, email addresses, and their official address, which ensures that customers can contact company representatives directly for addressing any concerns. MarketsWorld’s UK regulation has indeed paved the way for ensuring one of the best customer service channels in the industry, which is an important aspect of choosing a binary options market. The credibility of the company’s customer service channel does impart confidence and trust while investing money and betting on the markets.
Even though the company has created a feature-rich binary options platform, there aren’t any additional features and functionalities offered to traders. For instance, we were surprised to find that the broker does not provide a dedicated knowledgebase, and neither does the broker offer any free or paid trading signals. While it is a technically wise decision from the broker’s part to refrain from indulging in any signals-based service purposefully, traders may often compare binary options accounts on the basis of the signals, technical analysis, tutorials, and other features.
MarketsWorld does provide daily news feeds through its website, along with a summary of the markets. The news analysis may not be sufficient to make the right calls in the fast-paced binary options market, but it should help traders to gain an overall idea of the trends in the market and the economic indicators that give way to price action.
Our Final MarketsWorld Verdict
- A top regulated and licensed binary options trading company that promises greater security of funds.
- A low minimum initial investment that starts from $10.
- Varied payment options.
- Some of the best bonuses for deposits, risk-free trades, and loyalty programs.
- Excellent customer service & support staff.
- The number of financial assets is low for a binary options trading platform.
- The Platform could use a lot of improvements and added features.
- Traders can benefit from a knowledge base, technical analysis, signals, or a resources page.
Is Markets World A Scam?
MarketsWorld is a legitimate company that is fully regulated and offers greater protection for investors.
Do I Get A Free Account & Hold Multiple Accounts?
MarketsWorld does not charge its clients for Demo accounts, and even the real live accounts can be opened free of cost. You will need to deposit $10 to start trading.
Can I Qualify For A Higher Bonus?
The broker offers either a 100% bonus, a $50 risk-free trade, or a $500 refer-a-friend bonus. The loyalty bonus is available for all new and existing clients without any limitations.
What Are My Trading Options?
MarketsWorld offers access to FX currencies, commodities, and indices, but you do get limited options when compared to other binary options trading companies.
Do I Receive The Best Customer Service?
MarketsWorld excels in providing the best support to its clients, which is one of the best aspects of opening an account at Markets World.
|No. Of Assets:||17|
Marketsworld was owned and operated by Markets The World Ltd, an Isle of Mann registered and regulated binary options broker. The company was located in Burleigh Manor, Peel Road, Douglass, The Isle Of Mann, IM1 5EP, Great Britain. They can be reached through live chat, email at [email protected] and by phone, number +44 (0) 1624 679 022. If you don’t want to use up your phone minutes or pay international rates they have fax as well. Marketsworld was regulated by the Isle Of Mann GSC, the Gambling Supervisory Commission, and is technically a casino but a casino offering safe binary options trading.
Is MarketsWorld a Scam?
Marketsworld is not a scam. They may seem a little different from the Isle of Mann regulation and all but that is OK. The broker has been operating with honesty and integrity the entire time, under the watchful eyes of its regulators, with very little in the way of complaints or issues with their clientele. The only downside is that like a casino there are fewer protections for consumers than with a financially regulated broker but the difference is minimal.
Editor’s Note – Why does MarketsWorld Suck?
Their style is…amazing. Amazingly close to a casino. Well, yeah, that was in the old days. The broker has recently rebranded itself, more like restyled itself, into a less flashy casino style website into a less flashy binary options website. The real reason they might suck is that they only have high/low options, they only have short term/intraday expiries and the asset list is small, only 18.
Why MarketsWorld doesn’t Suck?
To be honest, I’ve been pleasantly surprised to find out they offer a Demo account. A real Demo account; and I can gain access to it by registering with just my name, a password and an e-mail (that e-mail doesn’t even need to be a real one). All brokers seem to be afraid to offer a Demo account and why they are so afraid of that is beyond my comprehension. Think about this: I go into a clothes store, I like a $200 jacket and I decide to try it on before buying it. Now, if the shop assistant would tell me that I have to give him $200 before I can try it on, I would probably tell him to shove off and I would leave that store, never to return. Markets World lets me try the jacket on before buying it and although this should be the standard in the Binary Options industry, unfortunately, most brokers don’t offer this feature.
Marketsworld doesn’t suck for a couple of more reasons than just a demo account. First, they are a regulated broker so are at least a little bit trustworthy. The other thing is that as a casino they are open to a much wider number of traders. What I mean is, they accept traders from all over the world including the US. On top of that they have higher than average payouts, low minimum deposit and trade size, a free unlimited demo account and a decent platform.
Should I Open an Account with MarketsWorld?
Ok, let’s talk a bit about their platform: according to Markets World, it’s a custom platform built by them but to be honest it doesn’t really live up to the industry standard. The good news is that they have recently upgraded to a better version but frankly, it is still a little lacking in terms of feel and function. The really good news though is that it is still the same old traditional digital binary option that we have all come to know and love, and it will stay that way safely protected by the GSC.
Marketsworld is a very basic broker but a decent one, and a regulated one. They have a small asset list but it is filled with the names you want to trade and in the end, do you want to trade 100 assets at a broker who will keep your money even if you win or 18 at a broker you can trust? The list includes indices and commodities but is very heavily geared toward forex so if that’s what you like to trade you will not be disappointed. Trading is also a little limited, they don’t have all the exotic one touch, over/under or boundary options, just the standard high/low digital trade. Expiry is great for day traders, the shortest is less than 5 minutes, the longest is an end of day with dozens of choices in between. To back it all up they also have a free demo account that never expires and can be reloaded if you wipe it out.
Update August 2020 – The MarketsWorld rebrand and platform update is really nice. The trading is much the same but the platform is more in line with what traders are looking for, and with better functionality. The charts are a huge improvement. They only have 1 minute bars so far as I could tell but you could zoom in as close as a 5 minute view or as far out as several days to get a real feel for price action. Prices can be viewed in line of candle formation, and the chart can be maximized to the full screen. There aren’t any drawing tools or indicators yet but I would expect to see some in the not too distant future.
The minimum deposit, minimum trades size and payouts are also very nice. Minimum deposit is only $10 and can be made by wires, CC or most eWallets. The minimum trade size is only $1 which makes a $10 deposit something you can work with. The payout is what is really nice here, up to 90% in most cases with an average over 80%, much better than almost anywhere else you can trade. Withdrawals are easy and guaranteed by regulation, your money is always held in separate accounts and always available. Withdrawals are typical for the industry, 3 days to process and up to another 10 business days to show in your account if you use CC or wires. Ewallets are fastest and may reach your account in as little as 3 days from request.
Markets World Complaints
Overall we couldn’t find any worrying complaints about Markets World; in fact, most of the people out there said good things about them but the opinions are mixed and there are some guys that complain about price manipulation. However, no clear evidence of that could be discovered by us.
Update August 2020 – Still no major complaints and one less reason too, the platform upgrade is nice and will help attract more serious traders.
Markets World Bonus
Marketsworld has a number of attractive bonuses but the real bonus is this: Marketsworld has only ever offered bonuses as rewards for trading and never as a means to tie up your deposits. All bonus monies are held in a “bonus” account until you reach volume requirements. The best part is that you can always withdraw your money and it will never affect your bonus, all you have to do is trade 50X the bonus amount to get it. Bonuses include $10 no deposit bonus, first deposit cash match and a monthly rewards program.
Markets World Withdrawal
Marketsworld withdrawals are awesome because you get them, no joking. There are no fees unless you use wire transfers. It takes 2 days to process and at least 1 day to show into your account. Wires take the longest and maybe a full business week once processing is completed. There are also no minimum, maximum or limits on withdrawals, you can make as many as you want as often as you are able.The minimum amount is $10, the lowest in the business. If you want to withdraw via wire transfer, they offer one free withdrawal per month and for any additional wire transfers made during the same month, you will have to pay a $50 fee. Identification documents are only required “once you’ve withdrawn thousands of dollars in total” according to their customer support representative.
Markets World Extras
The free Demo account is by far an Extra. There are no strings attached, no questions asked. I am sorry that I have to consider a Demo account an Extra feature because it should really be common. But until more brokers offer it, it will remain an Extra and a good one I might add. Another extra is the new platform upgrade, its proprietary needs more work and still limited but a big improvement over the old one.
Markets World Ratings
User Friendly 16/20
Their website is offered in 9 languages including English, Russian, Italian, Spanish, French, German and a few more. So it covers some of the common languages. The trading charts are too small and there are some delays that I don’t understand but I certainly don’t consider those friendly at all.
Number of assets and expiry times 15/20
The asset list is pretty small and is mostly forex pairs so you will need to be a forex trader or want to trade forex to really make the most of it. The only commodity I’ve found listed is gold, they say there are indices but I’ve not seen them. Expiry is decent, dozens for each asset and all short term with 5 minute out to end of day options.
Commissions, Support and Effective return 18/20
There are no commissions or fees for deposit or withdrawal except the 50 dollars charged if you want to make more than one monthly wire transfer withdrawal. The payout is an amazing 90% but to be honest I only saw that in their pictures and I couldn’t find it on any asset available to trade; they offer no OTM refund. The support is quite helpful and polite but at times they seemed too eager to finish the conversation.
Deposit, Payment and Bonus 18/20
Deposits are easy and can be made with wires, credit cards and a variety of eWallets. Payments are also easy and can be trusted due to GSC regulation. Bonuses are also offered and come with very nice terms, all are paid as rewards and not as up-front payments that tie up your account.
Website Extras 15/20
The Demo account rocks and I would give them a full 20/20 rating for the Extras… But the rest of the platform is so limited and elementary I had to take some points back.
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