MarketsWorld Review — Broker Closed

Before giving you my Marketsworld review, take a look at the most important complaints.

MarketsWorld Complaints around the web

I found very few worrying complaints about Markets World in forums,reddit and websites. I also found many positive comments around the web which is remarkable. Usually, you can find only negative comments. Why? The unsatisfied traders get online to leave a comment. Either by anger or disappointment.

The complaints I found were mostly about the platform and its lack of some features. No complaints about withdrawal problems or brokers that call you all the time and try to get your money. No fake signals or “expert account managers” that they are supposed to help you but instead they give you “trading opportunities” that finally makes you lose your money. Nothing from the above.This is the main reason I decided to do this Marketsworld review.

I found a few complaints about price manipulation.  Yet, I also found replies from other traders explaining why there is no price manipulation.

Here are the most serious MarketsWorld complaints by traders:

“I have traded at marketsworld, and from my time using this broker, I can tell you that they will manipulate the expiry times. They will cause data errors to occur during peak trading times. And then turn around and make everything normal to look like they have turned legitimate.”

and another one:

“I grew frustrated with Markets World given I rarely got the strike price I wanted. My trades were often filled 1-2 pips against me. It grew annoying and I got cheated out of several trades that I should have won (and the money that goes along with that). So I quit them and haven’t gone back, especially due to my dislike of the variable payout system. But my gripes were relative to their platform roughly two years ago, so things are better these days. And yes, the speed of the withdrawals were great. It’s just that the value in that isn’t as great when the withdrawals should have been higher. The margin is too slim in short-term binaries to not obtain the exact price you need. Granted, I still had issues getting fills. But getting a “price has changed” message is much better than obtaining a price that isn’t fair. But again, these are old grievances so I can’t speak for Markets World in its present form.”

Here is a reply by a Marketsworld trader:

“I have noticed that a lot of people are complaining about the Marketsworld manipulating the time of the trade. But if you look closely, you have two timers: one that says how many seconds are left until the trade is over, and one that tells you the time. Now suppose the position is set to expire at 8:15 AM. Or 08:15:00. It is 08:14:00 and the timer is running out. Now if you pay attention, the timer runs to 0, but the actual time is 08:14:57. So although the timer runs out, those last 3 seconds are processing time. Something may happen to the stock price in those last 3 seconds. That is not Marketsworld’s fault. The ending price is whatever the price is at 08:15:00, not when the timer hits zero. The zero on the timer may be why some people think that Marketsworld is tricking them. I even tried putting another trading platform to see if Marketsworld is behind, that way I can see it go up or down and know what Marketsworld is about to do. But it turns out they both change at the same exact time. The prices are truly live.”

and another reply to the same Marketsworld complaint:

“Marketsworld is a great binary options platform!! I deposited $85 and up at $159. For the price manipulation, that is not true. They do not manipulate prices. It’s because you are not trading right. I have compared their market prices several times with other brokers and my meta trader terminal and the prices are more so the same. The live chat is the best I have gotten help from compared to other binary option platforms. The only problem i have with them is that they lack some vital assets like S&P 500, some currencies and indices”

and the last serious reply to  from a trader that I found:

“I stopped using Cyprus regulated companies after ioption skipped town and I had a few hundred on deposit with them. I was already using Marketsworld by this point and was attracted to their British regulation. Still, I cannot find any fault with MW, to be honest. I have read some other people here saying they manipulate price, the opposite I have found that it matches my MT4 account and is right in line. I often win right at the last moment, and I bet $500 – $1000 per trade. Am way up on MW over 10K in 2 months, never had a withdrawal issue. They pay me back to my card used to deposit, I usually see it hit the account within 2 days (even though they say 3-7). Loving MarketsWorld and binary options and just waiting for the markets to open for the week to give them another run for their money. They’re great! Like many on here, I avoid ANY brokers who are registered in places like Cyprus. Going to stick with Marketsworld for the time being as long as I don’t have any problems.”

Click here to visit the Marketsworld’s offer of a free trade

There was, however, a complaint that was replied by an official Marketsworld employee. Here it is:

“Not more than 5 minutes ago, I watched this sh!t broker’s price on GBP/USD go from a 2pip difference to suddenly a 6pip difference within 3 seconds of expiry. This caused my trade to LOSE, then immediately going back to a 1-2pip difference again. As always, I was running simultaneously against MT5 in order to watch out for BS just like this and haven’t had a problem for the most part. But for me, all it takes is one highly suspicious stunt like this and I’m done with ’em.”

and the reply by Marketsworld:

“Reply by MarketsWorld submitted Apr 20, 2017: Dear FPA, We were recently made aware of this post and wish to respond to it. MarketsWorld has a trade review department which can look at the trade. If there is a problem with the pricing we will certainly alter the outcome. The customer never asked us to review it. With respect to Forex pricing, MarketsWorld.com receives real time quotes from over two dozen interbank sources. All FX operators may have different sources and different parameters to their filter algorithms. So no two FX feeds will be totally identical and we note that the customer says he is comparing to a different charting tool. When we review trades we use trusted third party feeds and if there is a deviation we will alter the outcome in favor of the customer in every case. We hope to meet and exceed all customer expectations going forward and encourage customers to avail themselves of our trades review procedure. Thank you. Kind regards, Jeff Saunders”

Below are the most serious positive comments about Marketsworld that may give some useful info as well:

“Been trading with binary options and Marketsworld for 2 years now and no complaints, sure they need more assets but the main thing is they don’t scam you or phone you. Just leaves you alone to trade and they pay out when you withdraw plus they accept US customers which is awesome!”

“Been trading with this binary options broker for 6 months now, so far so good. Their platform was shaky at the start but I contacted them and they resolved my positions with no issue. My withdrawals have gone through every time within 2 days so can’t say bad things about them. Especially now I am averaging 80% but they need more expiries and assets!”

“Been trading with binary options and Marketsworld for 2 years now and no complaints, sure they need more assets but the main thing is they don’t scam you or phone you. Just leaves you alone to trade and they pay out when you withdraw plus they accept US customers which is awesome!”

MarketsWorld Review — Broker Closed