MarketsWorld.com, a binary options broker owned and managed by Marketstheworld Limited, is based in Grosvenor House, 66-67 Athol Street, Douglas, Isle of Man, IM1 1JE, Great Britain. Regulated by the Isle of Man GSC (Gambling Supervision Commission) since April 2011, MarketsWorld prides itself in giving the clients the opportunity of large returns on large investments.
MarketsWorld is proud of the success of its licensed operation, assuring its users that the GSC requirements are met. This prerequisite stated that platform and other functions must be subjected to periodic quality testing in order to live up to standards that the trading public deserves. It also affirmed that it is necessary to maintain separate and adequate liquidated assets in order to cover user investments and payouts to provide financial security to its users.
MarketsWorld offers the most important advocacies in the online binary options and financial betting industry. Its welcome bonuses and incentives provide new clients with a bigger bankroll to get an opportunity for successful trading in the financial markets, while continuing to reward existing customers as well. It offers up to 90% payouts on trades executed with its platform and bonuses that match deposits of up to $1,000. It can sustain this business model by completely avoiding all brokers and other intermediaries, therefore passing the savings on to its customers. The absence of brokers’ fees allows users and MarketsWorld to earn more profits in the forex and stock markets.
MarketsWorld offers a free account that only requires users to provide username, password, and email address. There is no verification process being performed so the email address you provide does not even have to be real. You will have to select whether to open a practice account, where you will obtain access to the MarketsWorld trading platform and be credited with $10,000 credits to practice with, or to trade immediately (you will be redirected to a deposit interface).
The homepage of the site features buttons for commodities, indices and forex that will lead you to real-time value charts of the said options. Other banners on the same page are large; the lower section outlines some bonuses already highlighted in the large banners on the top of the page, along with portion for recent financial news and a reiteration of its regulation by the Isle of Man GSC. Unluckily, there is no sign of any tutorial on the use of the MarketsWorld platform on the site or educational materials that will provide significant data about online trading. Most brokers offer these on their websites that it is also possible that guests will look for these during their visit.
Unlimited demo account is available to give users full access to the MarketsWorld trading platform so they can keep using the credits until there are no more left of those initially provided. This strategy will grow the interest of users to become traders because they have already experienced how it is done.
There is only one regular cash trading account provided to anyone who signs up. It offers full access to the MarketsWorld trading platform and has the potential to generate 70% to 90% payout. The profit rate applicable to each trade a user places can be up to 90% and is indicated at the top of the trade window before a user places the trade. The minimum trade size per trade transaction is only $1, while the maximum trade size is $1,000. This therefore lets both professionals and beginners get access to online regulated binary options trading at MarketsWorlds elevated rates of return.
The MarketsWorld website boasts of the “best bonuses and incentives program there is in online binary options and financial betting”. It has a considerable number of bonuses that a user may avail of such as:
No deposit bonus: This is a common bonus given out by binary option brokers. MarketsWorld will give new users 10 credits for free (in any currency traded by MarketsWorld) upon creation of a new account and submission of the correct bonus coupon code. These 10 credits will allow the new user to trade immediately without having to deposit any money then withdraw the profits after the no deposit credit has been traded 50 times. The maximum winnings that will be paid out, resulting from the free bonus will be £100.
$50 Risk Free Trade: MarketsWorld will give you two attempts to trade $50 to make your first winning deal. If your first trade does not earn a profit, your account will be refunded of the lost amount. All you need to do is to simply place another trade or trades using the same amount ($50) to unlock the bonus funds.
100% Cash Match Deposit: MarketsWorld will match 100% of the amount of your first deposit up to a value of $1,000. This means that if you make your first deposit of at least $1,000, MarketsWorld will give you $1,000 bonus account money. This cash match bonus must be traded 50 times before it can be withdrawn.
Monthly Loyalty Reward: MarketsWorld values your continuous use of its platform for your personal trading and will give you an amount based on your monthly trade activity and length of use of your account with MarketsWorld. This bonus must be traded 50 times before it can be withdrawn.
$500 Refer a Friend: MarketsWorld will reward any account holder who refers a friend to MarketsWorld. Once an account holder’s friend signs up for an account and makes his first deposit, gets his 100% Cash Match value, and reaches the rollover requirements for the cash match fund, the referring user will get the same amount of up to $500. This bonus must be traded 50 times before it can be withdrawn.
Payment & currencies
MarketsWorld accepts US Dollar ($), Euro (€), British Pound (£), Australian Dollar (A$), and Canadian Dollar (C$).
It allows minimum deposit amount of $20. Credit card registration is required before the account holder can make a withdrawal. The withdrawal request is processed within one day, but it will take 3 to 7 business days until the money will be transferred or released. The minimum withdrawal amount is $20. Withdrawals may be done through wire transfer; one free withdrawal is given per month. Any additional wire transfers made during the same month will require $50 fee.
Withdrawals and deposits can be made through credit or debit card with the use of Visa, Mastercard, Switch, Maestro, and Solo affiliates. Wire transfer and Neteller are also acceptable.
Platform & assets
MarketsWorld.com has its own trouble-free trading platform software. No download of separate software program is necessary. Even the most basic Internet browser can run the platform straight from the MarketsWorld website. It has all the basic functions needed to make a trade transaction and a price graph.
The language of the platform follows the language that the site is currently displaying. The data shown on the graph can be manipulated to be more or less specific, but cannot be presented in another fashion. The platform’s color is metallic grey and the elements of the graph are small and cannot be resized, which makes looking at the platform slightly straining on the eyes. The trading options of the platform only provide for standard Up/Down trades, but they do offer multiple expiration times.
MarketsWorld trades in few assets in the form of commodities, indices and forex; most of them are very common choices as they are offered by other binary options brokers. They are the following:
Commodities: Brent Crude Oil, Silver, Gold
Indices: CAC 40, Dow Jones, DAX 30, IBEX35, and FTSE 100
Currencies: AUDJPY, USDJPY, AUDUSD, EURJPY, AUDNZD, EURGBP, GBPUSD, EURUSD, and USDCAD
MarketsWorld has a working mobile application only available for iOS on the iTunes store. It is starkly different in appearance in that it has a darker color scheme from the PC platform, but it has the same limited functionality. It has a rating of 2.5 stars out of 5 on the iTunes store and is classified under Gambling applications, which could cause worry and issues about its legitimacy.
The site is available in several languages – English, Italian, Chinese, Romanian, French, Dutch, German, Portuguese, Russian, Arabic, Bulgarian and Spanish.
MarketsWorld.com clients will never be left alone, trying to figure out issues related to their accounts and online trading as the site makes sure that it can be contacted whenever necessary. It has an excellent customer service system, which offers live chat with a customer representative, who is competent in both the operation of the platform and the conditions surrounding the accounts and trades made with MarketsWorld. There is also the option to talk to a customer staff over the phone, which most traders find more convenient on their part because they can easily communicate with a support staff. Users can contact MarketsWorld at +44 (0) 1624 679 022. International calling rates apply. Users can even send faxes to +44 (0) 1624 675662. They can be contacted via email through firstname.lastname@example.org and will respond within a day.
Pros & cons
MarketsWorld provides great security and offers generous incentives and payout percentages to users. Its unlimited demo account and large starting credit make for a good training ground for even the most clueless beginners. It makes the process of entering into the binary options trading industry more exciting and fun.
But what it has in the way of flashy gimmicks and larger than life payouts, it sorely lacks in its platform and options. The method of trading is severely limited to Higher/Lower option with varying expiration and gives no opportunity for the user to expand his trading repertoire.
There are no educational tools found on its website and it does not even recommend users to read information on trading methods and strategies. This is truly worrying considering how attractive the unlimited demo account has become for beginners. You might be left wondering why MarketsWorld does not incorporate educational tools, such as videos or manuals, to help beginners. It is as if its unlimited demo is meant to make new users feel like they are learning from hands-on experience, which could work for you if you are the kind that does not like reading too much.
There are no analysis, tracking or prediction tools attached to the platform. It isn’t even aesthetically pleasing. The same can be said for the mobile application. Expansion without innovation does not make for a better user experience. The MarketsWorld app has prioritized simplicity of use above user satisfaction. The assets offered are scarce compared to the wide range of assets offered by other brokers. No corporate stocks are offered, having loyal users miss out on the experience of sudden high yield shifts in the market brought on by factors other than financial.
Overall, the MarketsWorld, whether on desktop or mobile, leaves a lot to be desired.
Customer Service By:
Email, Phone, Fax, or Live Chat
English, Italian, Chinese, Romanian, French, Dutch, German, Portuguese, Russian, Arabic, Bulgarian and Spanish
Customer Service Hours:
Email Response Time:
Personal Account Manager:
Customer Care Telephone:
+44 (0) 162 467 9022