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MarketsKing Review (Archive)
|Support Types||Email, Telephone, Live Chat|
|Languages||English , Russian , Arabic|
|Trading Platform||O-Systems Platform|
|Minimum 1st Deposit||$250|
|Minimum Account Size||$250|
|Minimum Trade Amount||$20|
|Deposit Methods||Visa, MasterCard, Visa Debit, Visa Electron, MasterCard Debit, American Express, China Union Pay, JCB, Diners Club International, Carte Bleue, Carte Si, Dankort, Laser,Webmoney, MoneyBookers, Cashu, Ukash, Ideal, Sporopay, Nordea Nettbank, LaCaixa Linea Abierta, MisterCash, EuTeller, Boleto, Poli, BPay, UnappliedTx, WebMoney, Gluepay, eKonto, Sofort, Banklink, GiroPay, Przelewy24, EPS, Ewire, Abaqoos, Multibanco, UseMyServices, Santander, Moneta, Instadebit, Fundsend, Teleingreso, Dineromail, Neosurf, Livekash and Wire Transfer|
|Trading Methods||Classic Binary Options (Call/Put), 60 second Options|
|Number of Assets||32|
|Option Types||Currency , Commodities , Indices , Stock|
If you have spent time looking through binary options brokers websites, you will notice that there is a distinctive difference with MarketsKing’s website. The design of their website doesn’t feel cheap and ordinary like most generic looking binary brokers’ websites. This certainly makes for a refreshing change. The differences don’t just extend to the design of the website but also to the trading platform adopted by MarketsKing. Established mid 2020 and based in London, this new broker is already making an impact among investors for the positive trading experience which it is offering to traders. In this review we will find out why.
Target Markets & Customer Support
From the languages supported by MarketsKing on its website, it is clear that MarketsKing is catering to markets where the traders speak Arabic, English and Russian as their mother tongue. When you think about it, this practically covers half the world. Hence, it is not surprising that MarketsKing have managed to grow as fast as they have over the last 6 months. Supporting their clients’ needs, MarketsKing have put together a dedicated multi-lingual support team, which is available at the beck and call of its clients 24/7 through live chat, email or the telephone.
Trading Platform & Features
MarketsKing trading platform is unique in the sense that it is powered by O-Systems. The trading platform boasts several innovative trading features such as Social Trading, Automatic Limit Orders and Buy More Time. Although these features are frequently found on dedicated spot forex trading platforms, they are rarely found on binary trading platforms. For example with the automatic limit order feature, traders can put in an order for a trade which will be automatically executed once the desired price for the asset is achieved. With the social trading feature, novices can view the trades of more experienced traders and copy their trades directly from the social wall if they wish. Finally, with the Buy More Time feature, traders can extend their trades by 10 to 30 minutes without having to roll over their trades. They can activate this feature right up to one minute before their trade expire.
Although MarketsKing’s market coverage extends to the four major asset classes; forex, commodities, indices and stocks, the extent of their coverage is rather disappointing. Currently, MarketsKing only have around 30 different types of underlying assets under their wing. Apart from this rather limited range of underlying assets, they also only support two types of trading contract which are Call/Put Options and 60 Second Options. Nevertheless, when you consider the fact that the majority of binary traders are just trading with Call/Put options, this is not a major shortcoming.
As for trading accounts, there are 3 types of trading accounts to choose from:
Best Binary Broker 2020!
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- Standard Account (Minimum Deposit from $250 to $999)
- Premium Account (Minimum Deposit from $1000 to $4,999)
- Platinum Account (Minimum Deposit from $5,000 to $24,999)
The standard account is the most basic type of trading account with almost no trading benefit or additional support from an account manager. Furthermore, mobile trading is also not supported with the standard account.
Payouts & Bonuses
In terms of payouts, the returns are quite high with the maximum possible return pegged at 90%. However on the average, traders can expect a return around the 85% range. As for bonuses, these ranges from 30% to 75% depending on the type of trading account. On the whole, we find that is quite a nice trading platform regardless of whether you are a novice or experienced trader. The only thing which they can improve on is to extend their market coverage. This will help put MarketsKing on par with most leading binary brokers. Click here to visit MarketsKing’s website now.
LionMarkets Review – Is it scam or safe?
Trading Accounts and Conditions
|Minimum deposit||Min./Max. bet size||Payout %||Trading platform|
|$100||$5 / $5000||Up to 83%||SpotOption|
LionMarkets is a binary options broker, offering trading in different financial assets on SpotOption web-based platform. Unlike most binary options brokers, it offers a single trading account type.
The Company. Security of Funds
|Advanced Innovative Securities Limited||Vanuatu||VFSC|
LionMarkets launched its services in September 2020. Obviously, the broker is based in UK, but the company behind the brand, Advanced Innovative Securities ltd., is registered offshore, in Vanuatu
Binary options brokers have increasingly bad reputation lately, as many of them, especially non-licensed and offshore ones, turn out to be scams. That is why we advise traders to be careful when choosing a brokerage and avoid doing business with offshore companies. Vanuatu, for example, has become a very popular forex and binary options hub due to its low-cost registration procedure and favorable tax regime. The minimum capital requirement for opening a brokerage there is only $2,000. By comparison, CySEC requires at least EUR 730 000 in capital form new brokers, which acts as a deterrent for most scammers.
What is more, we found a discussion about LionMarkets in the Forex Peace Army forum, where all user reviews are negative. Most users claim that LionMarkets is a scam broker. Considering the above said, this binary options broker is not recommended.
Trading Options: Call/Put, 60 second, Long term, Pairs, One touch, Ladder, Builder, Limits
Assets: Currencies, Stocks, Indices, Commodities
Expiry Times: 60 sec, 120 sec, 180 sec, 300 sec, Long Term
Minimum Initial Deposit
The minimum initial deposit for clients of LionMarkets is $100, which is average. Yet, some binary options brokers require less. For example, one can open an account with FinaCom-regulated Grand Capital with just $10.
The minimum bet size with this broker is on the lower end of average, amounting to $5 (for 60 second options). With Grand Capital one can place a trade with just $1. Such low minimum bet sizes allow for better risk management.
Depending on the Trading Options and expiry times, payout percentage offered by LionMarkets reaches 83%, which is average for the market. In comparison, payout percentage offered by Grand Capital amounts up to 86%.
Like most binary options brokers, LionMarkets uses the web-based SpotOption platform. The platform is popular and easy to use.
A useful feature on LionMarkets’s platform is the Spot Follow, which allows traders to follow the best and most experienced traders on the platform. All traders need to do is to choose the trader that they believe will be the most successful and have all their trades duplicated into their account automatically.
Methods of Payment
There are several payment methods available to LionMarkets’ clients: wire transfer, credit/debit cards, and more than 20 e-wallet payment options (such as Skrill, Neteller, China Union Pay etc.).
LionMarkets is an offshore binary option broker whose trading conditions appear standard. We do not recommend doing business with it, because it is not properly regulated and its overall reputation is negative. To sum up the above, here are the advantages and drawbacks in relation to this broker:
|SpotOption platform available||Registered offshore|
|Various instruments and options offfered||Bad reputation|
FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.
BinaryTrade360 Review – is it scam or safe?
Trading Accounts and Conditions
BinaryTrade360 appears to be a binary options broker that offers some automated trading software. Its website does not provide much information on trading conditions, nor different account types, but when we signed up, we were offered these:
Click on the image to view larger.
If you are wondering whether it is a good idea to try out some of these investment plans and reap tremendous profits, make sure you read this review first. We have major concerns regarding this investment provider.
Multiple payment methods and tradeable assets available (allegedly)
Binarytrade360 allegedly offers trading in wide range of assets, including, forex, commodities, indices, stocks, and cryptocurrencies. However, a number of forex and binary options brokers have rich and diversified product portfolios, so we would recommend that you select a licensed one. Binarytrade360 is not regulated and not to be trusted.
Besides, according to the information on the broker’s website clients of Binarytrade360 can use multiple payment methods, such as Western Union, Moneygram, Bitcoin, Paypal, Bank deposit.
Binarytrade360 says it is owned and operated by BinTrades Limited, a company allegedly licensed and regulated as e-gaming provider by the Isle of Man Gambling Supervision Commission (GSC). However, we checked GSC’s online register and didn’t find the broker there.
This means that Binarytrade360 is not regulated by any authority, and the people operating the brand are not bound by any law. In other words, potential clients of this broker are not protected and have no one to turn to in case they fall victim to some sort of investment scam or have other complaints about Binarytrade360’s services
Unclear about the nature of its services
While the home page of Binarytrade360’s website advertises their automated binary options software, promises impressive profits and risk-free trading environment, but does not provide any information about the way it works, or any historical data to back up its claims. When we signed up, however, we weren’t offered access to any platform whatsoever. It seems that the broker actually offers only managed accounts.
Click on the image to zoom-in.
While binary trading robots are 99% scam in general, managed accounts with an unregulated broker are no better option. They create great potential for conflict of interest and therefore require strict financial oversight.
No trading specifics whatsoever
Another clear-cut sign of trouble regarding this binary options provider is the lack of any relevant information on trading conditions, other than the initial investment required, which is visible after registration. It is even unclear what trading platform those broker uses. Clients of Binarytrade360 are allegedly offered a demo service, but anyone with the slightest idea of trading will tell you that this (see below) only slightly reminds of binary options interface.
Minimum withdrawal set
Binarytrade360 has set a minimum amount you can request for a withdrawal, which, in our view is quite high. You cannot withdraw less than 70% of your account balance. This is not a common practice among binary options brokers.
Binarytrade360 claims to offer some sort of binary options bots, and it seems that investors can only sign up for managed accounts. Overall. Its offer is utterly unclear and considering that the broker is not regulated, it is most likely just another investment scam.
If you would like to make some money from trading, but do not have much experience, or are afraid of the risk, there are far better and safer options, rather than shady binary options providers.
One such option is the social trading platform of eToro, which is a reliable and regulated broker with many years of experience. There are also copy-trading platforms like MyFxBook and ZuluTrade, regulated robots like RoboX and brokers that offer PAMM investment services.
To sum up our review on Binarytrade360 in a few words: