FX Trading Master

United States
Generic selectors
Exact matches only
Search in title
Search in content

Price Markets Review and Tutorial 2021

» Visit

Stop United States not accepted.

Go to the Brokers List for alternatives

Facts & Figures

Price Markets offers an extensive list of CFDs on forex, indices and commodities.

Awards

• Gold Winner of Prime Brokerage Europe 2015 – IAIR
• Best New Prime Broker 2014 – IFM

Bonus None
Instruments Forex, CFDs, indices, commodities
Demo Account Yes
Min. Deposit $5,000
Pay Methods Mastercard, Skrill, UnionPay, Visa, Wire Transfer
Min. Trade 0.01 lots
Regulated By FCA
MetaTrader 4 Yes
MetaTrader 5 No
cTrader No
ECN Account Yes
DMA Account No
Mobile Apps Yes
Auto Trading Yes
Social Trading No
Copy Trading No
Trade Signals Yes
Islamic Account No
CFD
FTSE Spread 6.0
GBPUSD Spread 1.3
Oil Spread 0.04
Stocks Spread N/A
Leverage 1:30 Retail, 1:200 Professional
Forex

Trade dozens of currencies with 1:30 leverage.

GBPUSD Spread 1.3
EURUSD Spread 0.3
EURGBP Spread 1.5
Assets 35+
Risk Warning – Your capital is at risk

Price Markets is a UK-based agent, spends significant time in forex and CFDs. Its ECN model and driving innovation settle on it a fantastic decision for financial backers hoping to convey scalping and high-recurrence exchanging. A choice of valuable crossing over and also exchanging devices likewise adds to its allure. Our Price Markets representative survey investigates live records, least stores, influence, expenses, and that’s just the beginning.

Price Markets Headlines

Price Markets was set up in 2013 to establish a central exchanging climate for its customers. The agent totals cite the biggest liquidity suppliers in the monetary markets through its ECN model. Exclusive NeroEx innovation has been set up to give super quick execution times.

Equipped more towards set up merchants, there’s a fair choice of instruments close by a cutthroat charge structure. The organization is likewise approved by the Financial Conduct Authority (FCA).

MetaTrader 4

The representative offers the setup MetaTrader 4. MT4 takes into consideration a total exchanging experience with cutting-edge examination devices, incorporating 30 implicit pointers, 2,000 custom markers in addition to 700 paid alternatives. The stage is accessible for download to work area gadgets or through significant internet browsers.

Components include:

  • Scalping indicators
  • Customizable & secure interface
  • Integrated MQL4 programming language
  • Bridge technology for access to interbank liquidity
  • 3 execution modes, 2 market orders, 4 pending orders

Assets

Price Markets offers CFD exchanging across set up monetary markets:

  • 5 commodities – Including oil and gold
  • 35+ currencies – Major, minor and exotic pairs
  • 12 indices – Including NAS100, UK100, and GER30

The solitary prominent nonappearance is cryptos, for example, Bitcoin alongside stocks and offers.

Spreads & Commission

The intermediary charges a retail exchanging commission of $3.50 per part on all forex and product exchanges. Commissions on files are 25 bps for every side. Spreads are cutthroat. However, they may change because of economic situations. Forex spreads start at zero pips. The standard GBP/USD spread is 1.3 pips and the EUR/USD 0.3 pips. Files are offered from 0.5 pips. The intermediary likewise charges trade rates for positions held for the time being.

A VPS is accessible for $50 each month, so a cloud arrangement from $245 each month. Further developed spanning and cloud administrations are additionally accessible at a month-to-month membership. See the representative’s site for additional subtleties.

Price Markets Leverage

Price Markets offers influence up to 1:30 on money sets, which agrees with the ESMA administrative cap. Effect on lists and item instruments is presented to 1:20. A 3.33% to 10% edge rate is applied to all retail exchanging devices. These levels find some harmony between offering customers space to expand position sizes without facing extreme danger.

Mobile App

MetaTrader 4 is accessible as a portable exchanging apparatus, viable with iOS and Android gadgets. MT4 offers intuitive outlining, single tick request executions, and an underlying monetary schedule, one of the greatest evaluated mobile exchanging applications. Clients can peruse the MetaTrader Market to purchase a scope of pointers and master consultants. Stores and withdrawals can likewise be made through the versatile application.

Price Markets Payments

Deposits

The least stores are high contrasted with other retail handles, beginning at $5,000. Sadly there are expenses when financing accounts, with Skrill moves to require a 4% charge. Additionally, just three installment choices are accessible:

  • Skrill – Within 30 minutes
  • CardPay – Within 30 minutes
  • Bank wire transfer  – Within 1 working day

Withdrawals

Withdrawals are handled to a similar strategy for the store and finished inside one working day. An expense is appropriate for Skrill withdrawals just, up to 7% for non-EUR installments. Once more, this is a genuinely prohibitive rundown, and different merchants are offering a more major decision of installment strategies with lower expenses.

Demo Account

Price Markets offers a free demo represent clients needing to attempt the MT4 stage. You can join from the agent’s landing page and require only a couple of essential contact subtleties. You get full admittance to the accessible monetary instruments and can test scalping and high-recurrence exchanging systems. You would then be able to move up to a live record when you feel prepared.

Price Markets Bonuses

Price Markets doesn’t offer any arrangements or advancements to new or existing customers at the hour of composing, and this incorporates no store rewards.

Regulation Review

The intermediary is directed by the UK Financial Conduct Authority (FCA). This is a perfect administrative body with rigid guidelines—customers advantage from solo records, negative equilibrium assurance, and covers on retail influence. The dealer additionally submits to outsider reviews and a scope of other authorizing conditions intended to secure brokers. This is a promising sign Price Markets can be trusted.

Additional Features

Price Markets offers some fantastic extra apparatuses and administrations. Scaffold administrations are accessible to work with algo exchanging and automatic executions utilizing custom Smart Order Routing rationale in C++. There is a multi-day preliminary on the MT4 connect, which associates with more than 30 liquidity suppliers and offers daily support. Following the time for testing, the expense is $1,000 each month. There are likewise further developed, venture-level spanning administrations accessible for market creators and algorithmic exchanging firms.

Co-area cloud administrations are additionally advertised. The standard VPS begins at $50 each month, with custom and venture level administrations accessible for up to $2,000 each month. The organization also drives deliverable FX administrations with 24/6 admittance to the forex markets and an edge from 1%.

Price Markets Accounts

To open a record, dealers need to finish an online structure. Business, instruction, and monetary subtleties are required, including personality records and verification of residency. The dealer offers only one retail account:

  • 30x leverage
  • $5,000 minimum deposit
  • Negative balance protection
  • FSCS protection up to £50,000
  • GBP, USD, EUR, CHF, and JPY base currencies

A FIX API proficient record is also accessible, requiring a $50,000 most minor store and offering 200x influence with USD 8 for each million USD commissions. Merchants should show they can meet changing monetary prerequisites and exhibit exchanging history before opening an expert record.

Benefits

  • MT4 platform
  • FCA-regulated
  • Zero-pip spreads
  • Professional account
  • 24/7 customer support
  • NeroEx proprietary technology

Drawbacks

  • Less suitable for beginners
  • $5,000 minimum deposit
  • US clients not accepted

Trading Hours

The broker operates in line with the financial markets. This means 24/5 trading Monday through to Friday with the platform and website open for research and account management over the weekend. See the Price Markets website for a breakdown of opening hours by instrument.

Customer Support

Price Markets offers 24/7 customer support via:

  • Live chat engine
  • Online contact form
  • Telephone +44(0)2032900088
  • Email – support@pricemarkets.com
  • Address – 30 St. Mary Axe, 29th Floor, London, EC3A 8BF

There is also a comprehensive FAQ section on the company website.

Security

Price Markets provides retail clients with up to £50,000 FSCS protection. Members’ areas and client portal access are password protected. The MT4 platform uses encryption technology, secure logins, and industry-standard data privacy.

Price Markets Verdict

Price Markets is a solid option for experienced traders. While a sizeable minimum deposit requirement, traders benefit from leading fees, the MT4 platform, plus a host of additional tools and features to enable algo trading. The FCA regulation and decent selection of financial instruments are also positives. The only real downside is that it’s probably not the right fit for most beginners who may be looking for lower-entry account requirements.

Accepted Countries

Price Markets accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and most other countries.

Traders can not use Price Markets from the United States.

Alternatives to Price Markets

If you are searching for choices to Price Markets, we have arranged a rundown of the main 5 agents like Price Markets underneath. This rundown of merchants like Price Markets is set by likeness and incorporates organizations that acknowledge dealers from your area.

  • OctaFX – OctaFX offers multi-resource exchanging on a scope of stages and versatile arrangements.
  • RoboForex – RoboForex is a multi-resource online dealer offering outstanding exchanging associates.
  • VantageFX – Reliable and moderate exchanging since 2009. Join more than 400,000 others exchanging on 300+ CFD items over resources like forex, gold, files, and offers from 0.0 spreads through TradingView, MT4, or MT5. Vantage FX is ASIC directed, and customer reserves are isolated. Open a record in less than 5 minutes.
  • Hantec Markets – Hantec Markets is a multi-directed online FX intermediary offering MT4 and custom-made help giving gigantic adaptability to suit any broker.
  • HYCM – Trade on the monetary markets with minimal expense, utilized items at HYCM.

FAQ

Who is Price Markets’ CEO?

Alexander Iakobachvili is the current CEO of Price Markets. Before his CEO job, Alexander was COO at the online financier.

Are Price Markets regulated?

Indeed, Price Markets is directed and approved by the FCA. This is a respectable controller and a decent sign that the specialist can be trusted.

What is the maximum leverage offered by Price Markets?

Following ESMA guidelines, the most potent influence offered to retail brokers is 1:30. Proficient dealers can open power up to 1:200.

What is the minimum deposit requirement at Price Markets?

The base store for retail dealers is $5,000, putting it far off for sure novices. The base store for the expert record is $50,000.

Does Price Markets offer a demo account?

Indeed, a demo account is offered at Price Markets. The training account is a decent method to test systems hazard-free before opening a live record.

en_USEnglish