MarketsWorld is a UK binary options broker operated by Markets the World from Isle of Man and regulated by the Gambling Supervision Commission. The broker was founded in 2011 and has since successfully served a relatively small but highly satisfied client base.
MarketsWorld Trading Platform
MarketsWorld offers a smooth and easy to navigate website, being very straightforward and clear. The trading platform offers major currencies, indexes, and commodities, with a good interface, fast execution and accurate quotes.
Although the promised profits of up to 95% are almost impossible to attain, we indeed found the trades with MarketsWorld generally easy and intuitive. While not completely fulfilling their advertising promises, the broker will definitely allow you the ease of mind needed to concentrate on the trades.
- Free demo account
- Low minimum deposit of $20
- Good bonus offering, including $50 free bonus
- Helpful and pleasant customer support available 24/6
- Good selection of banking options
- Somewhat limited choice of assets
Some traders might find the asset list somewhat limited with 7 currency pairs including EUR/USD, AUD/USD, EUR/GBP, three commodities including gold, silver, and oil, and four indices including FTSE 100, DAX, CAC 40, Dow Jones, and IBEX 35.
Your preferences will, of course, depend on your experience and trading style, but if you prefer a wide range of assets to trade you will not like MarketsWorld offer.
Account Types with MarketsWorld
There’s only one – standard account type where all the MarketsWorld customers can get the same traits, bonuses and service quality. While this will not be too appealing for higher level traders, many argue that this is fair and that MarketsWorld provides a good and well-rounded service.
MarketsWorld does offer a completely free demo account, where you can check out the trading platform and the overall service with no need to deposit. You will get a virtual money balance of $5,000 and be able to use all the features on offer. Registering a demo account and making demo trades is very easy.
Banking and Bonuses
You can open a real money account on MarketsWorld with a minimum deposit of just $20. Although you can make unlimited withdrawals, we would not advise doing so using wire transfers as there’s a considerable fee for it. The accepted deposit and withdrawal methods are bank wire transfer, the most popular credit cards including VISA, MasterCard, and Maestro, as well as e-wallets such as Neteller and uCash.
MarketsWorld offers various bonuses including $50 free trade bonuses, deposit bonuses of 100% up to $1,000, and $500 bonuses for referring friends. If you choose to accept a bonus, it will be available as leverage until you make a certain turnover which you can always check before taking the bonus, and afterwards in your account status at any time. The bonus terms and conditions were not hidden in the fine print with MarketsWorld, which further proves their reliability and transparency.
The customer support by MarketsWorld is genuine and high in quality. The company offers support via e-mail, live chat and Skype, as well as a phone line. MarketsWorld agents are available to clients 24 hours a day, six days a week.
We found the customer service very competent and working under strict regulation in the UK we generally feel the staff is well-trained and knowledgeable. The service is fast and easily accessible too.
MarketsWorld business is subject to the UK regulation and this certainly provides a further guaranty of high quality and reliability the broker offers. With the assets they offer including all major currency pairs, the platform works perfectly and provides a well-rounded service with simplicity, good interface, high returns, and easy navigation.
The broker provides a completely free demo account for new traders to try out the platform and see if the user experience and the asset offer suit them. We really enjoyed the simplified process of making a demo account where you don’t request it with the support but rather decide for it before making the real money account at all. MarketsWorld provides only one account type for all traders, no matter what deposit you make with your real money account.
Our only objection and concern with MarketsWorld were that they actually advertise returns of up to 95% which we consider rather impossible to get. While this actually did not break our overall good impression with the broker, we do think of it as dishonest or at least inconsiderate to make such offers to new traders.