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Price Markets review

Price Markets


On-line since: 2013
Country of origin: UK
Regulation: FCA
Payment options: wire transfer, Skrill, CardPay
Minimum account size: $5,000
Minimum lot size: 0.1 lot
Leverage: -
Spreads: 0.4

About the company:

Price Markets was founded in 2013. The broker provides a wide range of trading tools that ensure high yield. The company is regulated by the UK Securities and Exchange Commission and the Financial Conduct Authority (FCA). Price Markets offers its services mostly to institutional and retail clients. The company's headquarters is located in London.

Trading conditions

Clients can trade forex currency pairs, CFD contracts, energy, indices, and commodities. The broker gives its customers a choice of unique trading accounts that provide access to global financial markets from anywhere in the world. Retail customers open a Standard account with a minimum deposit of $5,000. Professional traders register an API account with a minimum deposit of $50,000. You can also open a demo account that is not limited in time of use. Test training materials and trading recommendations are also available for beginners. To open an account, you should fill out an application form (in English) and pass verification.

Trading platforms

The broker provides access to the most popular MetaTrader 4 trading platform available for both desktop and mobile versions. In addition, you can trade with Price Markets via the NeroEx platform, the company's own trading software. You can also download Integral, CurreNex, and LiquildX Knight trading platforms for PCs.

Support service

In the Support Service section, you can find phone numbers and email addresses. On the website, there is an opportunity to contact the support service via live chat and fill out a feedback form for customer requests. The support team works round the clock.

Deposit and withdrawal of funds

To replenish your account or withdraw money, you can use the following payment methods: Skrill, CardPay, and wire transfer. Price Markets may, in its sole discretion, refuse deposits from certain jurisdictions or refuse withdrawals back to Skrill digital wallet, requiring a withdrawal to the client's bank account. There are also fees for conducting deals, which are $3.5 per standard lot.

Feedback

Unfortunately, despite the good trading conditions, the broker cannot boast of an impeccable reputation. Retail customers are spooked by the high initial deposit, and this is quite fair. There are many brokers in the market today that require an affordable initial deposit. Moreover, there is only the English version of the website. The broker does not provide a wide range of languages. Of course, the language barrier makes it somewhat difficult to cooperate with traders from other countries. We also found negative reviews about the support service and disruptions in the work of the trading account.

Advantages and disadvantages

Pros:

  • regulated broker
  • wide array of trading instruments
  • demo account
  • large choice of trading platforms

Cons:

  • monolingual website
  • high initial deposit
  • lengthy account verification procedure for clients from the CIS
  • poor adaptive translation of the website into a foreign language
  • negative reviews

Conclusion

Price Markets is a relatively young broker. However, the company's history already has some inaccuracies: the website indicates that the broker's activity began in 2013, while on Facebook the company was said to have been opened in 2003. It is possible that the company changed its name, owner, or place of registration. Despite favorable trading conditions, negative comments from traders lower the profile of the company and scare off potential clients.

Price Markets 0/10 (votes 2239)
Author of Price Markets: Justin Sun | Date 2021-06-07
Price Markets isn't a suitable broker for me. As Last five months, they did not provide good execution on the MT4 Platform. Their quote showing a different rate from the real market and it is changed continuously. If I want to open or close any positions, these orders execute 20 to 40-sec delay and fall 1o to 20 pips slippage. Also, this platform could be freeze or disconnects from the server. Therefore my some profitable deals being closed after losses. So I have realized Price Markets is a bogus broker in the maker.
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Author of Price Markets: Elza | Date 2021-03-29
Price Markets is regulated which is why it was easy for me to trust them. They have a wide range of choices for the trading instruments which is definitely a good thing. I must also say that throughout my trading experience, I have never seen their platform malfunctioning. It is always in good condition and it allows smooth trading.
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Author of Price Markets: Ta Yee | Date 2021-01-27
I don't have a negative opinion about this broker. Because so far I am very comfortable, and always profitable. I like the deposit and withdrawal options, because they are so fast. Spreads are one of the best among others. Spreads are one of the best among others. The information they have is very useful and very complete. I opened a standart account with $5000. Whenever I work on my EA and close orders manually, my orders close quick and fast. I made some profits ($2125) and followed all the requirements. I received the funds 2 days after. It was smooth and fast.
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