Price Markets Review

MIN. DEPOSIT $500
Up to 400:1
No BONUS
0 Users (0 votes)
Odds0
Services0
Support0

Overview

Company Information Price Markets is one of the oldest Forex trading online brokers created in 2003. The brand is owned by London Capital Group Ltd. and is based in London,… more

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Details

Broker Price Markets
Website URL https://pricemarkets.com/
Founded 2013
Headquarters London, United Kingdom
Support Number +44 (0)20 3290 00 88
Support Email customers@pricemarkets.com
Support Types Phone, Live Chat, E-mail
Languages English, Arabic, Bulgarian, Chinese, Croatian, Czech, Danish, Dutch, Estonian, Finnish, French, German, Greek, Hebrew, Italian, Japanese, Hungarian, Korean, Lithuanian, Norwegian, Polish, Portuguese, Romanian, Russian, Slovak, Slovene, Spanish, Swedish, Turkish
Minimum 1st Deposit $500
Minimum Trade Amount 0.01 lots
Bonus No
Payout Up to 400:1
Free Demo Account Yes
Regulated Yes
Regulation Financial Conduct Authority (FCA)
Account Types Personal Trading, Prime Brokerage
Deposit Methods Bank, Credit Card, Debit Card, Local payment options, e-Wallets
Withdrawal Methods Bank, Credit Card, Debit Card, Local payment options, e-Wallets
Types of Assets Forex, Stocks, Indices, Commodities, Bonds, ETF
Account Currency USD, EUR, GBP, JPY, CHF, CAD, AUD, NZD, TRY, ILS, MXN, SGD, DKK, NOK, SEK, ZAR, HUF
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

Price Markets is one of the oldest Forex trading online brokers created in 2003. The brand is owned by London Capital Group Ltd. and is based in London, UK. This is a fully regulated broker licensed by the FCA. Price Markets is a Market Maker, ECN/STP type of broker. You can find all kinds of trading instruments within including Forex, indices, stocks, oil, metals, CFD’s and even spread betting. One their website it states that they have seven offices globally, but it’s not clear where they are located as only the address for their headquarters is mentioned. In 2014 the broker won the “New Prime of Prime Broker Award” given by the prestigious International Finance Magazine. It’s quite evident that the company has made the effort to put to use the best available trading technology. With lots of platform to choose from, nine matching engines and three prime brokers Price Markets is one of the few that offers such technical support. Let’s see what trading conditions they have to offer.

 

Trading Information

The account options provided by Price Markets are separated into two categories: Personal and Institutional. The personal account is called the MT4 ECN. It has minimum deposit requirement and some great trading features. Spreads are variable and can go as low as 0.00 pips. The typical spread for majors like EUR/USD is 0.2 pips. The minimum trading volume is 0.01 lots. The standard leverage is 1:100 and 1:200 but you can ask for a 1:400 if you want to risk more. CFD commissions are set at 0.5%. Automated trading is supported. You also have features like chart trading, expert advisors and much more. The institutional account is called Prime Brokerage. It’s suitable for large corporations or bank institutions that need to move large volumes fast. The margins are very carefully explained on a separate page. All in all Prime Markets offers a wide variety of trading options suitable for both beginner and expert traders. With over 30 currency pairs available and very tight spreads, every trading expert will feel at home.

Trading Platforms

The main platform chosen by the people at Price Markets is called the MT4 ECN. This is an upgraded version of the popular Metatrader 4 that allows much faster trading. The MT4 ECN is excellent, with its multi-lingual support and many features like signals trading. With super charting capabilities, it’s one of the most stable platforms out there. Next, on the list is the Liquid X platform available for Prime Brokerage clients. Its platform designed for institutional clients that have large execution size and low latency. It allows 24/6 access to global agency traders and capability to trade exotics through Africa and Asia. Currenex ECN is the next platform on the list. It offers deep pools of liquidity and very high performance. You can receive excellent reports, and your complete trade history is saved. The analysis of trading patterns and an audit trail is also supported. Integral FX is another option for the Prime Brokerage Account that has very simple and customizable design. It has great risk and liquidity management features. Last, is the Hotspot FX ECN platform which is limit order orientated. There is full depth of the market the option of anonymous market access. It offers full market transparency and centralized price discovery.

 

Security and Customer Services

Security at Price Markets is ensured by the SSL encryption they’ve implemented on their site. It protects your personal data and makes it accessible only to the company’s employees. The option of a segregated account ensures that your funds will be safe if anything happens to the enterprise. The customer support is standard. The website is translated into over 20 languages. However, the translation is Google Translate based, so don’t expect much quality. Contacting the customer support can be done via email, phone or online contact form. There is also the postal address of their office in London. You can also choose to contact the customer care team on their Facebook, Google+, Twitter or Linkedin page. There is no information on any other support language except for English, but there might be once you get through to the customer support team. It very nice to see a Live Chat option as a contact method because it’s the most used nowadays. Response times of the customer care team are great, and you’ll usually get an answer to your question within the hour. There is a very helpful “Academy” page filled with helpful videos and trading tips.

 

Deposits and Withdraws

Funding your Price Markets account is easy and their plenty of deposit methods made available. There are deposit fees for the transactions, and they are usually very fast. Withdrawing the money can also be made using the same method you deposited them. Processing times are quick, and there are no problems with the transfers. There are no withdrawals fees, and the minimum withdrawal amount is $20. If you’re using the Prime Brokerage account, you can just contact the Relationship Manager, and he/she will take care of the problem right away. Everything about depositing and withdrawing money from your account is made easy which is great compared to other brokers where you’ll have to fill a ton of documents and send them by fax.

 

Deposit Bonus and Loyalty Programs

Currently, there are no promotions or loyalty programs offered by Price markets. It seems the company has to acquire enough clients without the need of flashy promotions. With over a decade of experience on the market, this is one of the online brokers that you really should check out.

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