I wrote this simple and clear Marketsworld review because this broker is a bit ignored by many “reviewers”. Others say that it is the best broker for US residents.
Before the review, I am giving you the most serious Marketsworld complaints I found all over the internet. I was searching for days to be sure that I can give an objective article of this binary options broker.
important UPDATE: MarketsWorld binary options closed. Official announcement:
|Free Demo account||Yes|
|Regulation & licenses||GSC|
|Accepted nationalities||All countries including USA|
|Expiry Times||1min,5min,15 min, hour, daily, weekly|
|Assets||Currencies, Indices, Commodities|
|Number of Assets||17|
|Account Currency||USD, EUR, GBP|
|Mobile Application||iOS & Android|
|Deposit and Withdrawal Options||Neteller, Visa, Mastercard, Maestro, Switch, Solo|
|Withdrawal Time||2-3 days|
|24 Hours Support||Yes|
|Support During Weekends||No|
|Phone Number||44 (0) 1624 679 022|
|Email Address||[email protected]|
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.”
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:
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.
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!”
“Most people that trade and are profitable need a broker that is going to pay them and that is what MW will do beyond all other brokers without hesitation in often under 2 days. ”
Major sources for the Marketsworld complaints: forexpeacearmy.com,binaryoptionsblacklist.com,binaryoptionsthatsuck.com,pissedconsumer.com
About Markets World:
Markets World on first look appears to be one of the more proficient brokers out there as signified by their motto; “Leaders of the online binary options industry”. The company is assuming to have gotten its establishment in the Forex and Stock markets. Markets World has been recognized and around since 2011 and the date reveals to you that they have been around for a decent while. They do offer their own proprietary trading platform, so you might expect that the platform is good enough for most traders. Let’s continue with the Marketsworld review.
Marketsworld regulation review
Marketsworld is located in The Isle Of Mann, Great Britain. It is regulated by the Isle Of Mann GSC, the Gambling Supervisory Commission, with a license. They are subject to the UK courts.
The “Gambling” term should not confuse you. In my honest opinion, all binary options are like “gamble”. You bet that it will go up or down. Of course, you should know what to choose. It is not that easy.But it is not like forex. Read here how binary options brokers make money. It is the same way football brokers make money.
Marketsworld is the only non-US based broker
that accepts US traders that is regulated (not anymore). I’ve personally emailed GSC and they said that even as a foreign trader/gambler you are protected by them. Unlike the CySec (the Cyprus regulatory commission) regulated brokers which do not share the same reputation. Many traders avoid brokers that are regulated by CySec. Me, too.
Marketsworld is the only non-US based regulated broker that
accepts US customers (it does not anymore) . This means a lot for its reliability. Also, many traders claim that it is the best binary options broker that accepts US traders.
Marketsworld Trading Platform:
Unlike the majority online brokers, Markets World offers their own proprietary web-Based trading platform. Their trading platform is easy to use and helpful for a new trader.
However, the platform does not offer so many features and it does not look so professional as other brokers’ platforms. You can take a look at a very good platform review that a fellow trader left for us at the end of the post. Update 2018: Marketsworld launched a new beta platform. It is far better than the old one. That is why I changed their overall score.
However, you will find binary brokers with better platforms. Maybe not so reliable, but better.
Marketsworld Minimum deposit
The minimum deposit is 10 USD which is the lowest that a top binary options broker offers.
MarketsWorld at present is providing 14 currency pairs assets, and GOLD as commodities to trade with. It is obviously not the greatest but will surely satisfy the most demanding traders. Traders can perform trading anytime amid the alpha pharma weekdays, thus it goes well for any person over the world. That is one explanation Forex is so mainstream nowadays.
60 Seconds Trading
Markets World, as one of the leading brokers in the binary industry, also offers 60 seconds trading for its customers. This is another greatest and most profitable trading option with an expiration time of just 60 seconds (1 minute). It gives traders the opportunity to make huge profits in just one minute if they get it accurate.
Markets world Bonuses & Promotions:
Markets World offers various types of Bonus & Promotions, and the bonus goes up to 100% for new members. Bonuses currently offered my Markets world are:
- No deposit Bonus: Get $10/£10/€10/C$10/A$10 no deposit welcome bonus when you open your first account with this broker.
- $50 Risk-Free Trade: You can win $50 Risk-Free trade as your first trade with Markets world and you have two chances to win this.
- $500 Refer a Friend: By referring a friend to Markets world, you can 100% cash match of their account for up to $500.
- Monthly Loyalty Reward: The broker also offers Monthly Loyalty Reward for its traders.
- 100% Deposit Bonus up to $1000: The broker is also offering 100% deposit bonus on your first deposit for up to $1000.
As I have said in other reviews,as well, I am against taking a deposit bonus. Because, then, you will have to trade a particular amount to be able to withdraw your funds. It is included in the terms & conditions of each broker. This is a common practice between all trading brokers.
I would suggest you take the first or the second bonus, the no-deposit bonus or the risk-free trade.
The lowest withdrawal amount is $10, it will be handled by Markets World normally in 2-3 working days. However, it may take extra time (considering the withdrawal scheme you picked) until the funds will be visible testovar in your account. Markets world offer ONE Free withdrawal on each month other than your bank or payment system may charge you as to their policy, however, if you request more than 1 withdrawal per month, the broker will charge you $50 fee on each transaction. Most brokers apply such fees. Presented withdrawal systems are Wire Transfer, Credit/Debit Cards, Neteller, Skrill. The most important point of the Marketsworld review is that this broker has the most positive comments and no complaints around the web about withdrawal times and easiness.
Support and Services:
Customer support is offered 24 hours every day in a week and in several languages to provide investors extra comfort and help traders to focus on trading.
Markets world Mobile Trading App
The interface is well designed and made it as flexible as possible for traders. To improve the mobility of traders, this company also provides its clients’ the facility to trade with their iPhones or Android enabled mobile devices. You can easily download the app from their website or stores.
The payout percentages at Markets World vary on the type of trades. The maximum returns for each trade can go up to 90% which mean you almost double your investment on each trade if it ends ‘at the money’.
Marketsworld Demo Account:
The most exclusive feature Markets World is offering that, new traders get the chance to check out the trading platform making an account on a demo platform. Although demo account is pretty common with forex brokers, it is exceptional along with binary options brokers.
The fact that is regulated by GSC makes Marketsworld probably one of the most reliable binary options broker. Really fast withdrawal, professional customer support and trading solution, secured deposits are attractive features of Markets World brokers’.
Is MarketsWorld a Scam?
By my experience and after a deep Marketsworld review the answer is no. I opened an account, deposited $1000, traded and make profits from day 1. Right, not thousands but after 2 weeks I had $2650 in my account and I was able to withdraw it in a single click. 3 days later the money landed in my bank account. But from my research, as well, all over the internet and hundreds of comments and complaints, I came to the conclusion – Markets World is safe and NOT a scam. Many complaints. And it has some drawbacks of course. But it is not a scam.
MarketsWorld review summary & Your reviews
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Thank you for reading my Marketsworld review. I hope you left yours if you have tried this service to help other traders. Do not forget to take a look at my other binary options brokers reviews.