TradeMarkets Quick Intro
With volatility persisting since the start of 2022 in the cryptocurrency market, traders should begin to question the effectiveness of HODL. Such an environment is more appropriate for trading, and one of the newer regulated brands out there providing promising crypto trading benefits is TradeMarkets.
What started as a solely crypto trading broker continued to become a full-fledged broker of CFDs in multiple markets including Forex, cryptocurrencies, commodities, stocks, bonds, and indices. TradeMarkets achieved what many new brokers can only dream about. It changed its regulator and added many more trading assets and is nowadays a well-established young broker that offers a multitude of trading assets.
Authorized first by the FSCA, and now by CySEC, it has strong security and operates under transparent policies. On top of that, the company is not limited to cryptocurrencies anymore, making it possible for customers to get involved in other traditional assets. Although this review will focus on crypto, some other benefits will be highlighted as well.
The safety of the TradeMarkets
TradeMarkets is regulated by the Securities and Exchange Commission of Cyprus (CySEC) making the broker a safer alternative to all other crypto brokers out there while simultaneously offering many other trading assets of Forex, indices, stocks, bonds, and commodities.
The broker is using segregated accounts to save client funds separately from its own funds and is part of the investor compensation fund. All the measures of safety are in line with top regulators and ensure maximum safety of the clients.
TradeMarkets is a broker that operates with maximum transparency and ethics in their mind and is doing maximum to be an exemplary company in the industry. With tight risk controls and strong ethics, clients are the first priority for TradeMarkets.
TradeMarkets Fees and spreads
The spreads start from 0.1 pips on major pairs and depending on the trading account type there are different commissions applied for each 100 000 traded. The best option is offered by the premium account with a 7 USD round turn commission, but the initial deposit required is high from 50 000 USD. The basic account has the highest commission of 12 USD round turn per 100k. This is a high commission, and it seems TradeMarkets is targeting professional traders with considerable trading capital. With the spreads, this tight, traders who prefer short-term strategies with small profits will benefit the most.
The spreads for cryptocurrencies start from 0.185 for BTCUSD which is within the industry average range. What’s more exciting is the spread on Gold is just 0.011 which makes it very attractive for Gold traders.
Accounts, deposits, and withdrawals
There are six account types at TradeMarkets called Trader, Basic, Bronze, Silver, Gold, and Premium. The minimum deposits requirements are €250,€250, €1,000, €2,500, €5,000, and €50,000 respectively. The Trader account comes with no trading commission and spreads from 0.1 pips. The leverage for the Trader account is only 1:1 and for all other accounts, it is 1:30 as per CySEC regulatory restrictions.
With a free demo account, it is easy to start practicing trading with virtual funds in a live market.
Deposits require no fees and can be made via Visa/MasterCard, PayPal, Neteller, Giropay, Sofort, Skrill, Volt, and iDEAL. The same methods can be used for withdrawals and are processed within 24 hours or request.
Trading assets and features of TradeMarkets
The asset classes offered for trading by TradeMarkets are diverse, and every trader can find something they prefer. Forex pairs, stock CFDs, crypto CFDs, indices, commodities, and bonds can all be traded with industry average spreads and fees. The only expensive commission is for Forex trading, starting from 20 USD per lot round turn.
Crypto trading benefits at TradeMarkets
In case you are looking for secure crypto trading conditions, TradeMarkets is one of the best places to be right now. You can enter the digital era by simply creating an account and starting to trade with zero commissions and competitive rates.
Source: trademarkets.com
TradeMarkets covers a multitude of crypto pairs. The list is long and includes other altcoins that are now popular among crypto enthusiasts.
If crypto seems too volatile, at any point you can diversify with currency pairs, commodities, and much, much more. There are more than 80 instruments available with this broker, more than enough to spot trending assets every day.
Trade crypto with professional software
Because cryptocurrency prices are so volatile, traders now demand optimal trading software. TradeMarkets delivers customized WebTrader, as well as mobile trading capabilities via proprietary apps and the MetaTrader versions for Android or iOS.
Source: https://trademarkets.com/who-we-are/
By having access to so many different platforms, each trader signing up for an account can make the right pick, based on prior background, as well as trading objectives. Each of the platforms covered has been tested, and they all benefit from positive feedback.
Supporting customers
Not everyone has ample experience with trading, and some newer traders might need assistance. This is where TradeMarkets steps in once again with a series of educational resources and professional customer support.
The live chat is available 24/7 together with other support options like email, hotline, and online form. The broker is present on almost all social media platforms and offers assistance to their clients.
Trading is a skill-based endeavor and by learning how the industry functions, it’s possible to design techniques to spot new trade setups. This broker displays a large volume of information at the customers’ disposal, hoping to encourage responsible trading.
Although some of these resources are available for all users, it should be noted that there are 6 different account types, and each comes with different features. Before you open an account, you need to check the account comparison table, to find out which one fits best for you.
TradeMarkets Education
TradeMarkets offers both trading tools and trading education to their traders. With a glossary, blog, and various intro trading courses, beginners should have a good time in understanding the basics of financial markets and trading. There is a free demo account to test newly acquired knowledge. Tools provided include an economic calendar and leverage and margin calculators.
Should you consider TradeMarkets?
Based on our analysis, TradeMarkets is a powerful trading provider, especially when it comes to crypto trading benefits. You can trade more than a dozen crypto pairs even with a small account, and take advantage of tight trading costs.
If trading is something new to you, no need to be worried, because thanks to an account manager and plenty of educational material, TradeMarkets can certainly offer a helping hand.
Is TradeMarkets a good broker?
What trading assets are available at TradeMarkets?
