Hmm, this is interesting.
I haven’t seen too many brokers like this.
Market World is both licensed and regulated …and …US-friendly.
Granted, they’re licensed by the Isle of Man Gambling Supervision Commission – a license fit for a casino …and …it won’t do Americans any good.
But I think it should make you feel a little better about playing here. They still have to follow certain rules to keep their license.
For example, they have to keep customer funds in separate accounts.
That’s something most US brokers don’t (claim to) do.
But is that reason enough to sign up?
Let’s look at what they have to offer and find out.
- Bank Wire
What Banking Options Can You Use?
You can make a deposit using:
- Visa Electron
- Visa Debit
- Visa Purchase
- Bank Transfers
Both the minimum deposit and withdrawal is $20.
There are no fees. Except for wire transfers – you get one free per month, but after that they will cost you $50.
When you make your deposit you’ll have the option to accept a bonus.
Markets World offers many bonuses.
- $50 Free Trade – You get two chances to win your first trade up to $50.
- 100% Match Bonus – This is on your first deposit up to $1,000 and has a 50x rollover.
- Refer Bonus – Get a 100% match on every deposit of the people you refer, up to $500.
- Earn up to 100% profit per trade.
- Free demo account.
The rollover depends on the offer – but 50x looks to be the biggest. This is a lot larger compared to bonus terms on other platforms. But there’s good news.
Market World says they never hold your funds hostage for accepting a bonus. They keep the funds separate so you can cash out at any time.
So, there’s little reason not to take the bonus.
And even better news – you can participate in each offer.
Assets and Trading Details
Ready to make a trade?
Here are the assets you can trade:
- CAC 40
- DAX 30
- Dow Jones Industrial Average
- FTSE 100
- Ibex 35
- British Pound – US Dollar
- Australian Dollar – US Dollar
- US Dollar – Japanese Yen
- EURO – British Pound
- EURO – US Dollar
- EURO – Japanese Yen
- EURO – Swiss Franc
- EURO – Turkish Lira
Yes, that is it – it is a small selection.
As for trading options they have High/Low, 60 Seconds and expiry times of 5-10 min, 30 min and end of day. They also have a feature I haven’t seen elsewhere – exclude.
The min trade is $1, which is the cheapest I have seen. The max trade is $1,000.
They also have a never ending demo account.
Some Pros and Cons
Here are some of our likes and dislikes.
- The free demo account requires no deposit.
- The low deposit and trading min makes this an ideal place for beginners.
- There are small deposit and cash out minimums.
- Some users claim to have received their cash outs in 3-4 days.
- They don’t offer any education or training for new traders.
- They have a small selection of assets.
- A common complaint is their platform. It sounds like there’s a small difference in the price at expiry and the price you get at expiry (3-6 pip difference).
Alright, should you sign up?
Pros & Cons
It’s a mixed bag, really.
On one hand I like how they accept US customers and the fact they are licensed.
But they have a tiny selection of assets to trade and no educational content to speak of.
Between that, their free demo account and small banking and trading thresholds, I can’t help but to think this place is much better suited for beginners.
And they have average ratings.
My thoughts –
Check this place out if you only want to trade small amounts of money and/or you just want to get your feet wet.
But if you plan to be at this for the long-haul, I suggest finding a broker that can handle your growth.