If you’re looking for a broker who can give you a lot of variety, look to Trade Markets. This broker has a wide range of account types, and they have both MetaTrader 4 and their own proprietary platform, Trade Markets Trader, available to their clients.
The broker also has highlights like a Portfolio Manager, which can help you develop the best trading strategy possible, based on your expectations and risk tolerance. Read through the guide to see the benefits to signing up for an account with Trade Markets.
Pros and Cons
Pros
- Wide Range Of Account Types
- Access to Hundreds Of Forex Pairs
- Responsive Customers Service
Cons
- Not Many Educational Tools
- Not Many Platforms
- Commissions Charged
Recommended For
Trade Markets is good for traders who have at least some experience in the industry. There isn’t an overwhelming amount of educational tools with this broker, so it is best to come into T.M. knowing about the profession. Trade Markets is also good for anyone who likes MetaTrader 4, though it will work for people who want a proprietary platform as well.
Regulated By
- Cyprus Securities and Exchange Commission (Cyprus)
Top Features
- Portfolio Management. A portfolio manager oversees a portfolio of investments in various financial markets on behalf of someone else. They are responsible for identifying investment opportunities, tracking the portfolio’s performance, exiting investments at the right moment, and seeking new investments. The objective of a portfolio manager is to optimize the portfolio to seek opportunities in the market while limiting risk. A portfolio manager must follow all developments across all markets.
- Concierge Trading Services. With Concierge Trading Services, you are assigned a Personal Trader. Your Personal Trader is a lot like a personal assistant, except their responsibility is to help you take care of your trading and investment strategies.
Investor Features
When it comes to investor features with Trade Markets, there are a few things to know. Investor features include products like Forex and CFDs, as well as extras like Portfolio Manager and Concierge Training. We’ll discuss these must-know features below.
Forex and CFD Trading
With Trade Markets, you have hundreds of assets from which to choose. The access is 24/5, giving you a wide range of times at which you can trade. There are major, minor, and exotic currency pairs for Forex trading. All in all, there are seven majors, fourteen minors, and thirty-three exotics. Spreads for majors start at 3 pips, while spread for minors start at 4 pips and exotics 25 pips.
At Trade Markets, the asset classes include commodities, stocks, and indices. For commodities, you can trade seventeen different assets, including gold and silver. For stocks, there are two-hundred available, such as Google and Amazon. You can trade twenty-four indices, with major indices like Dow Jones 30 and S&P two of the most prominent.
Stock Purchasing
You have access to hundreds of stocks with Trade Markets, and, according to the broker, you can benefit from “lower pricing,” the more you trade. If you use the popular MetaTrader 5 platform, you can view real-time data as you earn dividends, hedge positions, and receive market research. There are three stock sessions to know with Trade Markets: the Asian, European, and U.S. sessions.
- Asian. During this session, you can trade on the Singapore or Tokyo Stock Exchanges.
- European. In the European session, trade stocks on the Deutsche Bourse Xetra, London Stock Exchange, and more.
- U.S. The U.S. session comprises exchanges like NYSE, Toronto, NASDAQ, and more.
With stocks, the fees vary. For $0 to $10,000, you’ll pay a 10% fee. For $10,001 to $50,000, you’ll pay a 7.5% fee, and for amounts greater than $50,001, you’ll pay a 5% fee. There is a 2% p.a. custodian fee, but it is free to rent the platform, and there is no data fee.
Concierge Trading
If you want, with Trade Markets, you can delegate your trading to a professional. When you use the Concierge Trading service, you have a Personal Trader, who is responsible for taking care of your investment and trading strategies. The Personal Trader will develop strategies based on your risk profile, giving you insight on how to navigate the markets.
Portfolio Management
If you have capital, but you’re inexperienced or too busy to trade, you can also hire a Portfolio Manager with Trade Markets. The broker provides this Portfolio Manager to people who want to outsource their trading. These Managers will build strategies based on your risk tolerance and expectations.
Overview
- Type of Broker Market Maker
- Regulation & Licensing Cyprus Securities and Exchange Commission (Cyprus)
- Clients Accepted from 40 Countries
- Assets Offered Foreign Exchange (FX), CFDs (48)
- Platforms Available MetaTrader 4, Trade Markets Trader
- Mobile Compatibility iOS, Android
- Payment Types Accepted Credit/Debit Card, Bank Wire Transfer, Neteller
Account Types
Basic | Bronze | |
Features | Online chart support |
Online chat support Relationship manager – Trial Period Trading Central daily newsletter – Trial Period Trading Central premium signals – Trial Period 1 One-on-one trading academy sessions |
Account Currencies | USD, GBP, EUR | USD, GBP, EUR |
Available Leverage | 1:30 | 1:30 |
Minimum Deposit | $250 | $1,000 |
Starting Spreads | 0.1 | 0.1 |
Commission Per Trade | $12 per lot | $12 per lot |
Decimal Pricing | Up to 5 | Up to 5 |
Trading Instruments | 48 Forex (FX) and CFDs | 48 Forex (FX) and CFDs |
Min. Lot Size Per Trade | Unlisted | Unlisted |
Max Lot Size Per Trade | Unlisted | Unlisted |
Demo Account | Yes | Yes |
Swap/Rollover Free | No | No |
Copy Trading Support | No | No |
Silver | Gold | |
Features |
Online chat support Relationship manager Trading Central daily newsletter Trading Central premium signals – Trial Period 3 One-on-one trading academy sessions VIP services – Trial Period |
Online chat support Relationship manager Trading Central daily newsletter Trading Central premium signals 4 One-on-one trading academy sessions VIP services – Trial Period |
Account Currencies | USD, GBP, EUR | USD, GBP, EUR |
Available Leverage | 1:30 | 1:30 |
Minimum Deposit | $2,500 | $5,000 |
Starting Spreads | 0.1 | 0.1 |
Commission Per Trade | $11 per lot | $10 per lot |
Decimal Pricing | Up to 5 | Up to 5 |
Trading Instruments | 48 Forex (FX) and CFDs | 48 Forex (FX) and CFDs |
Min. Lot Size Per Trade | Unlisted | Unlisted |
Max Lot Size Per Trade | Unlisted | Unlisted |
Demo Account | Yes | Yes |
Swap/Rollover Free | No | No |
Copy Trading Support | No | No |
Premium | |
Features |
Online chat support Relationship manager Trading Central daily newsletter Trading Central premium signals Unlimited One-on-one trading academy sessions VIP services |
Account Currencies | USD, GBP, EUR |
Available Leverage | 1:30 |
Minimum Deposit | $50,000 |
Starting Spreads | 0.1 |
Commission Per Trade | $7 per lot |
Decimal Pricing | Up to 5 |
Trading Instruments | 48 Forex (FX) and CFDs |
Min. Lot Size Per Trade | Unlisted |
Max Lot Size Per Trade | Unlisted |
Demo Account | Yes |
Swap/Rollover Free | No |
Copy Trading Support | No |
Compliance & Regulation
Trade Markets’ parent company is NBH Markets EU Ltd. NBH is a Cyprus Investment Firm, and both Trade Markets and NBH are authorized and regulated by CySEC. The license number if 208/13, and the registration number is 291974.
Reliability & Security
You can best determine a broker’s reliability when you look to the platform they use. Trade Markets uses the popular MetaTrader series, but that series is not the only platform available. In addition to the MetaTrader 4, you can also access a Trade Markets Trader right from your browser. The Trade Markets trader is available from mobile phones and tablets, as well.
Regarding security, Trade Markets is dedicated to providing its clients with a transparent trading environment. The broker is highly regulated, and it says it complies with “stringent regulations” to provide their clients with round-the-clock access to various markets around the world.
Also, Trade Markets keeps client funds in segregated bank accounts. This means that funds are protected, even if the broker goes out of business. Creditors cannot claim the funds, and Trade Markets is audited by independent auditors to make sure everything is above board. There is also an Investor Compensation Fund, as per the rules that TM has to follow as a Cyprus Investment Firm.
User Experience
There are a few facets of user experience that make Trade Markets stand out. These include education and account types. The educational tools and wide range of accounts help this broker stand out, as far as user experience goes.
Education
Trade Markets provides some educational tools to its traders. You can start with its “Introduction to Trading,” which provides a ground-level “how to” for aspiring traders. There are also glossaries and basic guides for people looking to learn the first few steps. Though the educational tools are bare-bones, for now, hopefully Trade Markets will expand their repertoire.
Accounts
Traders who want a lot of accounts from which to choose will like what this broker has to offer. There are five account types: basic, bronze, gold, silver, and premium (discussed in the table above). Each account has its own features and benefits, and you won’t feel hemmed in or limited when selecting an account. There are a lot from which to choose.
Final Thoughts
Overall, Trade Markets has a lot to offer. There are a wide range of account types, and the broker seems dedicated to offering its clients a transparent and secure trading experience. Customer service is responsive and, though the educational tools leave a little to be desired, Trade Markets is a strong broker.
Contact Info
28 October Ave 377, Limassol 3107, Cyprus
FAQs
Q: What trading platforms are offered?
A: Trade Markets offers MetaTrader 4 and Trade Markets Trader, the latter of which is exclusive to the broker.
Q: How do I contact customer service?
A: You can phone, email, or live chat this broker. You can also submit a form on the “Contact” page for a response.
Q: Can I have more than one account?
A: With Trade Markets, you can have multiple live and demo accounts with which to build your trade strategies.