MarketsWorld.com Broker Review
MarketsWorld is a binary option website operated by Markets the World Limited, a company based in the Isle of Man, Great Britain. Why is MarketsWorld worth checking out? Firstly, they’re actually regulated by the Isle of Man Gambling Supervision Commission. There are not many regulated binary options brokers, so this is a great plus to begin with. And this regulation is actually one that is well trusted with a reputation of actual regulation and quality control.
MarketsWorld Review – Updated 2017
- Office in Great Britain (Isle of Man)
- Flexible deposit and trade sizes – Minimum Deposit is $20. Minimum trade is $1.00
- Free demo account *a totally free demo account is unique in the industry.
- USA Traders Allowed (one of the very few left when SpotOption left US market)
- Bonus Offer 50.00 USD free trade + 100% match bonus up to 300.00 USD & up to 300.00 USD referral bonus
- 95% + payouts – very competitive payouts
- 60 second options
- Licensed and regulated by the Isle of Man
MarketsWorld is strongly recommended for new traders. They are legit. When you win your trades you will get paid. They offer the lowest trading sizes of any of the brokers. Another reason we find them intriguing is that they are one of the only binary trading brokers that has a totally free, no-deposit demo account that you can get just for registration. No deposit necessary.
You can practice with before you choose to place any money in your trading account. This is a very rare feature and one which gives credence to the company’s good intentions. Just register a new account and you will have around $5000 to trade with in fake money.
Licensed by the UK and offering some of the highest average returns, lowest minimum deposits and trades, transparency and legitimacy, MarketsWorld.com is a top choice for binary option traders.
Getting Started At MarketsWorld.com
Step 1: Account Creation/Opening a Demo Account
To get started, you’ll want to either open a real account or a demo account (which can be converted to a real account at any time simply by adding funds). As we’ve mentioned, not a whole lot of brokers offer demo accounts, and those that do usually severely restrict their usage. To all indications, you can trade indefinitely in demo mode at MarketsWorld. It is free, and if you lose all of your demo money they will refill it for you no problem. The team at MarketsWorld.com has it right when it comes to getting a no-risk demo account.
Demo Account Requirements: You only need to provide a username, email address, and password to open a demo account. Then you can start making practice trades right away using $5,000 of virtual currency. You can reload the virtual account at any time with more virtual money by contacting customer service. They offer live chat support as well for easy access.
Why is a free demo trading account such a big deal? Demo testing is such a standard part of procedure in learning to trade that in other markets no one would even think about skipping that step who was serious about trading. We don’t really know why more binary options brokers don’t offer demo accounts for this reason. It is essential that you practice trading in real time using whatever trading method you’ve created if you’re at all serious about trading professionally and making consistent profits. It’s the only way to find out how your method translates to a real-life schedule. It also allows you a chance to learn your way around the trading platform without losing real money because of simple mistakes.
Step 2: Funding Your Account
Once you’ve decided you’re ready to trade with real money, you can fund your account using credit card or wire transfer. Credit card is by far the fastest and easiest. The minimum deposit is only $20 USD, EUR or GBP. This is also the withdrawal minimum which is very good as well. You can withdraw as many times in a month as you like if you used a debit or credit card for withdrawal. Bank wires have a fee for the second + cash out per month, the first one is free.
There are several types of bonuses available including a 50.00 USD (or equivalent) free trade, a match bonus of 100% on up to 300.00 USD, and up to 300.00 USD for referring a friend. Bonuses are provided as leverage until you turn over a certain amount of money. You can view your requirements at any time in your account status if you choose to accept a bonus offer.
Trading Options at MarketsWorld
Regardless of whether you open a demo account or real account, clicking on “Trade” in the menu will take you to the trading platform. You’ll get a page that looks like this:
You’ll notice a list of assets, which at the moment isn’t very long. Right now all you can trade is Gold, AUD/USD, EUR/TRY, USD/JPY, Dow Jones, Oil, EUR/CHF, EUR/USD, CAC 40, FTSE 100, Silver EUR/GBP, GBP/USD, DAX, or IBEX 35. Start out by choosing an asset to trade. Then go to the Expiry drop down and select an expiration time. Then choose “High” if you believe the asset will be trading above its current price when it expires, or “Low” if you believe it will be trading below its current price when it expires.
You can choose expiry times of 5-10 minutes, 30 minutes, or End of Day.
Put in your stakes in the box next to “Invest,” and then click on “Buy,” to complete the transaction. Pretty simple! We wish that this company offered more ways to trade binary options (One Touch, Boundary trading, etc.), but hopefully they will branch out in the future.
The minimum trade is $1. You can’t actually significant trades if this is all you put in your account (while following sane money management principles), but you can look at placing very small trades as another way of practicing. You’re allowed to trade as little as 1 USD on a trade at MarketsWorld, which is excellent if you’re still learning! This is the smallest binary option trade size on the market today.
Trading Features Available
Trade 1 USD to 1000 USD.
Choose from a variety of expiry periods.
Demo trade as much as you need to.
Deposit as little as 20 USD.
Fantastic website. Easy to navigate, clear on terms.
Is Markets World a Good Broker? (Yes)
We have worked closely with MarketsWorld for many years now and they have lived up to their reputation as a quality, reputable binary option broker. To all indications, MarketsWorld is a broker well worth a closer look and maybe worth a try. The demo account offer is really a standout feature, and we love the flexibility with trade sizes and deposit amounts. The company is actually regulated, which is a huge plus and adds to our impression that they may be trustworthy. Their articles section is a bit peculiar (the articles are off topic and appear to be spam), but aspects of their site appear to still be under construction (those articles will probably be replaced by real articles on binary options when they get around to developing that aspect of the site). Customer service is available via live chat, email, and telephone.
We recommend that you get in touch with them yourself and ask any questions you have so you can make up your own mind about whether you would like to trade at MarketsWorld. Take a look around the site and try the demo account before you decide to trade live.