Update (February 2017): We NO longer recommend signing up with MarketsWorld.
Here is a testimonial from a MarketsWorld trader:
“Hello Jacob…once again Marketsworld has played with my money. Tapping out all trades and chatting with them has proven meaningless for the last time. From my experience I have to state strongly…Marketsworld lies, steals and shold be known as a scam broker.” (May 2017)
MarketsWorld is one of the top binary option trading destinations for beginners and advanced traders alike, as it checks almost every box on our non-existing “perfect broker” check-list. Indeed, the operation has very attractive offers in just about every respect. They have a powerful, proprietary trading platform, which comes with a full demo account. They feature some of the lowest minimums on deposits and trades, and some of the best payout percentages. We probably should’ve put this first: they’re also regulated.
The company behind MarketsWorld is Markets World Ltd. a corporate entity based on the Isle of Man, whose activity thus falls under the authority of the UK government. The operation is regulated and licensed by the Isle of Man Gambling Supervision Commission, and it therefore adheres to all the rules and regulations UK authorities have set forth in this respect. Despite a recent blowback against bonus-based binary option promotions, MarketsWorld do in fact offer bonuses, some with pretty decent redemption requirements no less. As a regulated and licensed operation, MarketsWorld keep all their trader funds in segregated accounts, as required by the legal framework under which they operate.
The site and the trading platform through which MarketsWorld’s operations take place, are regularly tested and audited by representatives of the regulator.
So why would one want to trade at MarketsWorld? Yes, we have already listed most of their major selling points – all of which are indeed extremely solid – but we’ve saved the best for last: they accept US traders too. It is quite unheard of for a regulated binary option operator to accept traders from the US, but that’s exactly what these guys have done. Most of the sites which also accept US traffic are unlicensed, shady operations. MarketWorld is the shining exception in this regard.
The broker doesn’t charge any fees, commissions or spreads, and yes, that covers withdrawal operations too. MarketsWorld traders can essentially withdraw their monies without paying a single cent in withdrawal or processing fees. That’s obviously another major mark in the “plus” column for this broker.
Given that MarketsWorld offer short-term binary options too, the speed of the execution of its trades is of the essence. The site does make the cut in this regard as well.
Above and beyond everything else though, MarketsWorld enjoys a very healthy community buzz. There’s no better indication regarding the trustworthiness of an operator than what the community has to say about it and in this regard, MarketsWorld have indeed aced the test so to speak.
MarketsWorld Trading Platform
As said above, the MarketsWorld trading platform is a proprietary one. It offers traders access to a wide range of option types and expiry times, through an entirely web-based trading interface. What that means is that one doesn’t actually have to download anything when it comes to setting up an account with- and trading at MarketsWorld. The trading platform is also available in the shape of a mobile app, for those who want to handle their trading on the go.
The crown jewel of the MarketsWorld app is the Demo Account though. Unlike other binary option brokers, who usually require their traders to register and to even make a deposit before they are granted access to a demo account, MarketsWorld offer theirs up for free, and without any strings attached whatsoever. Traders do have to register and to provide some personal information upon registration, but there are no limits on the MarketsWorld demo accounts whatsoever. The starting sum on the demo account is $5,000, but one can add more money later, as there are no limits on this feature. The demo account isn’t limited to a few days either. One can use it as long as he/she wants to, and when the time comes, one can upgrade to a real money account in a few clicks. While one’s initial demo account effectively dies when this upgrade is made, another demo account can be created, through the use of a different email address.
The primary goal of the demo account is to allow traders to learn the ins and outs of the platform, as well as to let traders put various trading strategies to the test. Advanced traders will indeed find it especially useful in the latter role.
The deposit and trade minimums are among the most attractive features of the broker. The minimum on deposits is $20, which is only second to one or two other brokers out there. The minimum on trades is a handy $1, which allows outstanding capital management, even in the case of a $20 minimum deposit. This doesn’t mean that one is limited to making $20 deposits and $1 investments, obviously. One can deposit much more and trade much more too. Such low limits mean added flexibility.
MarketsWorld Bonuses and Promotions
MarketsWorld features a handsome selection of bonus-based promotions. One way to get your hands on a bonus is to sign up for a real money account with the broker, using a special voucher code available at the site. Those who do that, get a $10 no deposit bonus. The deal is only available to newly registered traders, or to those who upgrade from a demo account. In order to redeem this bonus, traders are required to turn it over 50 times. The “catch” here is that until these withdrawal requirements have been met, traders aren’t allowed to withdraw any bonus money. Another thing traders have to know in this respect is that winnings resulting from such free bonus deals cannot exceed the $100 mark. Rather, they can, but only $100 can ever be withdrawn.
Another way to secure a MarketsWorld bonus is to take advantage of the $50 Risk Free trade offer. What this offer means for traders is that if they lose their first trade (up to $50) the broker will replace the lost funds with bonus money. While this bonus has to be redeemed as well, its rollover requirements are more than reasonable: traders have to turn the bonus money over once, in order to be allowed to cash out.
Through the use of another special voucher code, a much bigger bonus-chunk can be secured. Those interested in this deal can pick up a 100% match bonus on their first deposits, up to $1,000. The rollover requirements on this bonus are 50X. We don’t usually recommend that traders take advantage of such bonuses, and in case you were wondering , those turn-over requirements are the reason why. The bonus money cannot be withdrawn until the redemption requirements have been met.
Still another way to grab bonus money is to just trade. All real money accounts are monitored, and based on their turn-over volumes, they can become eligible for a monthly loyalty reward, which is issued at the beginning of each month. The turn over requirements on this bonus are 50X as well.
Last but not least, we have the “refer a friend” feature, which allows traders to pick up a 100% match on the deposit of their referred friend, up to a maximum of $500 (or equivalent in another supported currency). This deal does not affect the way the referred person gets to enjoy the offers of the broker.
To refer a friend, traders have a unique referral code at their disposal, which they can send out to their friends in an email, directly from the MarketsWorld website. Those who follow the links embedded in the email can then be traced back to the referrer. The turn-over requirement on this bonus is 50x as well.
One thing traders need to know about the bonuses handed out by MarketsWorld, and about the Terms and Conditions attached to them, is that they never affect actual deposits. Bonuses are kept in segregated accounts and their redemption requirements never tie up any of the real money deposits made by traders.
In this respect, MarketsWorld don’t exactly impress. They don’t even have a bona-fide education section. What they offer instead is an information section, which contains an exhaustive FAQ, that answers most of the questions traders may have. They also have a couple of articles, in which they compare binary option trading to spread betting and to exchange-based trading. A Blog and a Glossary complete the information section.
MarketsWorld Payout Rates
MarketsWorld’s payouts are outstanding. According to the site, 90% is the maximum in this respect, but some outside sources mention as much as 95%. Now, this may not be the case for 60-second options. The longer the expiry, the better the payout rates usually are.
MarketsWorld Asset Selection
In this respect, MarketsWorld offer three tradable indices, one commodity (gold) and 14 currency pairs.
The handiest way to reach the MarketsWorld support staff is through live chat. They also have phone and fax numbers (+44 (0) 1624 679 022 and +44 (0) 1624 675662 respectively). The support email is firstname.lastname@example.org. The support staff is knowledgeable and keen on sorting out issues in a fast and efficient manner.
MarketsWorld Review Conclusion
We’ll wait to receive comments from MarketsWorld traders before we decide if this broker belongs in our recommended binary options brokers list.
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|Jurisdiction||Isle of Man/UK|
|Support||email, live chat, phone.|
|Trader Demographics||Everyone, everywhere, US included|
|App compatibility||Windows, Android|
|Minimum required deposit||$20|
|Minimum trade amount||$1|
|Customer service||Eager to assist, available 24/7.|
|Demo Account||Yes – complete, unlimited access.|
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