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MarketsWorld Review

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MarketsWorld Review
5/5 of 2 ratings

MarketsWorld binary options

MarketsWorld is a binary options broker, owned and operated in the Isle of Man, Great Britain by Markets the World Ltd. It is the first binary company licensed and regulated by the Isle of Man GSC.

Traders can open real account for as little as $20 - the bonus is 100% on the first deposit up to $300.

MarketsWorld has been around since early 2011. Initially, investors may be put off a little by the fact that the site is regulated by the Isle of Man’s gambling commission, but it is worth remembering that this is not entirely unusual around the UK, and since it provides tax breaks to investors compared to straight stock trading – this is one of the reasons that Betfair was so successful for spread betting.

Quick review
Regulated by: 
Isle of Man
Products: 
Binary Options
Markets available: 
Currencies, Commodities, Indices
Platforms: 
Web
Min.deposit: 
$20
Min. trade amount: 
$1
Potential payout: 
85%
Demo Account: 
$10,000
Bonus offer: 
100%
Account currency: 
GBP, USD, EUR
Languages: 
EN, FR, DE, RU
Max. Leverage: 
N/A
Founded: 
2011
Support: 
Live Chat, Phone, E-mail
Mobile platform: 
N/A
Payment methods: 
Visa, MasterCard, Wire transfers, NetEller, PaysafeCard, Ukash

MarketsWorld_broker_review

Broker Review

MarketsWorld Broker Review

Trading Platform

Overall, the trading platform is fairly limited, only offering high/low binary options with 1min, 2 min, 5 min, 10 min, 30 min, one hour, and two hours expiry. End of the day expiry is still not available which is a disadvantage. The number of assets that you can trade is also quite restricted – there are all the major currency pairs, but I could not find several major markets that are available on other platforms.

Most of the time there isn’t a big choice of assets for trading - you can trade currencies and gold. Some markets were simply unavailable when I was logged in but I could not find any market for oil, wheat or any stock market indexes. The only commodity available to trade was gold and the fact that there were no stock indexes available is highly unusual.

This is unlike some other platforms which have some options which are trade-able around the clock.

Despite limited number of assets the trading platform itself is an outstanding development from MarketsWorld. The assets’ prices match exactly the prices shown on the chart providers. Your strike price will match exactly the market price at the moment of purchasing which is the most important for every binary trader.

Platform navigation

Traders can open each asset in a separate chart window - the available time frames on the chart are: 5 min, 30 min, 1h and 2h. You can add as many assets as you want on the same page - after you scroll down you will see all of the trading windows. Once you buy an option you have to wait 10 seconds before you can trade again the same pair or commodity.

Payouts

MarketsWorld claim to offer the highest profit returns in the industry up to 100% on certain trades - they also guarantee a min payout of 70% on each trade. Unfortunately I was not able to get 100% payout while trading on the platform - profits are usually in the range of 70% to 80%.

Mobile App

At this point in time, the binary options broker does not seem to have a mobile app – at least not one that they let anybody know about on their page. The website is mobile so you can access it from your mobile device. I was testing the platform on my phone and it was working perfectly but probably the best is to use some device with a wider screen.

Demo Account

MarketsWorld is fairly unique among binary options brokers in that it does offer a demo account with no deposit required. In fact, you can even open a demo account if you already have a live account, so that you can test out trading strategies. This is one of the best features about MarketsWorld.

Bonuses

The broker offers a good range of bonuses, including free trades when you first join and cash matching on your first deposit up to $300. You will receive 100% additional cash up to $300 / €200 / £200 into your bonus money account equal to your deposit. Once you reach the rollover requirements the bonus funds will be available to trade or withdraw.

MarketsWorld also pay bonuses up to $300 when you refer someone else and they sign up with the broker.

Deposit and Withdrawal

Minimum deposits and withdrawals are just $20, and the minimum trade size is just $1.

Withdrawals are processed in one day, and they don’t charge any withdrawal fees – so everything that you make, you keep. They accept Visa, MasterCard, Wire transfers, NetEller, PaysafeCard and Ukash.

Customer Support

MarketWorld’s customer support is really great, among the best I have ever tested, they wouldn’t ask you annoying questions to check if you really want to make a deposit. You will get straight answers on your questions regarding trading platform, withdrawals, bonuses or anything else.

It is available 24/7 and the guys are both knowledgeable and efficient. You can contact them by Phone, E-mail or Live Chat.

Trading Academy

Training material is extremely thin on the site, unfortunately, and is limited to a few pages of basic trading information. Probably that makes the broker more suitable for experienced traders but on the other side the free demo is perfect for beginners as it is unlimited in time and do not require any deposit.

Overall, MarketsWorld seems to be a good binary broker, although their trading platform and available assets is nothing out of the ordinary. It is reassuring to know that they are regulated, and offer funds protection that is enforced by the Isle of Man government.

The website was laid out efficiently in terms of use of space but the site seemed a bit sparse overall. There lacked any depth of content in the form of educational material or resources but this is not necessary a disadvantage considering the average “trading academies” widely offered on other binary brokers.