Price Markets Review

Review sections

• Investor Protection & Regulations
• Tradable Products
• Account Opening
• Deposit & Withdrawals options
• Web & Desktop Trading Platforms
• Mobile Trading Platforms
• Trading Features
• Commissions & Spreads
• Bonus & Promotions
• Customer Support
• Research
• Trader Education
• Trading Experience
• FAQ
• Conclusion

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Investor Protection & Regulations

“Price Markets is authorised and regulated by the UK Financial Conduct Authority.”

Price Markets is authorised and regulated by the UK Financial Conduct Authority (FCA) under the name Price Markets UK Ltd, as confirmed on the FCA register below:

The broker offers further protection to clients through regulatory laws which includes segregating client funds from company funds and offering a negative balance protection policy for retail clients. The company is also covered by the Financial Services Compensation Scheme (FSCS) up to a certain amount, in the event the company cannot meet its obligations.

Price Markets does not accept clients from Australia Belarus Belgium Burundi Canada Central African Republic Congo Congo, The Democratic Republic of the Guinea Guinea-Bissau Haiti Iran, Islamic Republic of Iraq Korea, Democratic People’s Republic of Lao People’s Democratic Republic Libyan Arab Jamahiriya Mali Myanmar Somalia South Sudan Sudan Syrian Arab Republic Uganda United States Yemen Zimbabwe.

Tradable Products

“Price Markets offers users the ability to trade on 52 CFD financial instruments covering Forex, Indices and Commodities.”

Price Markets offers users the ability to trade on 52 CFD financial instruments covering Forex, Indices and Commodities such as Metals and Energies. Below is a list of just some of the available markets for trading:

* Details regarding the available assets are taken from the Price Markets website and trading platform and are correct at the time of this review.

Trading costs such as spreads, commissions and overnight funding (swap) rates vary depending on the instrument being traded and account type opened are covered further down this review.

Account Opening

“Price Markets offers two account types. The Standard account is for retail traders and the FIX API account is for professional traders. They also offer free demo trading accounts and special Active Trading service.”

Price Markets offers two account types tailored to retail and professional traders. Each account comes with different features and benefits, as highlighted below.

Standard Account

• Designed for retail traders
• Minimum $5,000 deposit
• Up to 30:1 leverage
• GBP/USD/EUR/CHF/JPY funding options
• Negative balance protection

FIX API Account

• Designed for professional traders
• Minimum $50,000 deposit
• Up to 200:1 leverage
• GBP/USD/EUR/CHF/JPY funding options

To open an account, users simply need to click Open Account on the broker’s homepage and begin the application process which starts off with information regarding name, email, country and type of account (individual or corporate). Users will then be redirected to the Traders Room which is the broker’s client portal area.

Here, users will need to go through and provide employment, education and financial details as well as provide anti-money laundering and know your client documents to verify identity and address. This includes providing a bank statement or utility bill and passport or national ID card.

The broker also provides access to PAMM and MAM accounts for money managers, as well as special service for active traders.

Active Trading Accounts

• Designed for active traders of 30-50 deals per days
• Lower commission rates offered
• Can choose individual settings of liquidity provider
• 24/7 support

Deposit & Withdrawals options

“Price Markets offers users the ability to withdraw funds using bank wire, CardPay and Skrill.”

Price Markets offers users the ability to deposit funds using the following methods:

• Skrill:
  • Deposit fee of 4%
  • Country surcharge fee of 1%
  • Minimum deposit 100 EUR
  • Processing time within 30 minutes
• Bank wire:
  • Deposit fee of 15 GBP / 20 EUR / 25 USD
  • Processing time within one day once broker receives funds
• CardPay:
  • Deposit fee of 3.5%
  • Refund fee of 1 EUR
  • Chargeback fee of 50 EUR
  • Processing time within 30 minutes

Withdrawals can be made using the same method of deposit with different fees:

• Skrill:
  • Withdrawal fee of 4% EUR / 7% non-EUR
  • Country surcharge fee of 1%
  • Processing time of 1 working day
• Bank wire:
  • Withdrawal fee of 0%
  • Processing time of 1 working day
• CardPay:
  • Withdrawal fee of 0%
  • Refund fee of 1 EUR
  • Chargeback fee of 50 EUR
  • Processing time of 1 working day

Users can deposit and withdraw funds directly from the client portal area once logged in.

Web & Desktop Trading Platforms

“Price Markets offers users the ability to trade on the globally-recognised MetaTrader 4 trading platform for desktop and web, as well as FIX API for professional clients.”

Price Markets offers users the ability to trade on the globally-recognised MetaTrader 4 trading platform for desktop and web, as well as a FIX API trading station for professional clients.

Price Markets MetaTrader 4 Desktop

The Price Markets MetaTrader 4 trading platform is available for desktop download and offers the following features and benefits:

• Simple to use interface.
• Wide range of tools and indicators.
• Built-in MQL4 programming language for custom indicators and auto trading.
• Access to a wide range of instruments to trade on.
• Access to MQL4 Market for social signals, auto trading strategies and custom indicators.

Price Markets MetaTrader 4 Web

The Price Markets MetaTrader 4 Web trading platform is available for browser-based trading and offers the following features and benefits:

• No download required.
• Simple to use web platform with quick access to charts.
• Wide range of tools and indicators available.
• Multiple order types including one click trading.

Price Markets FIX API

The Price Markets FIX API trading station is only available for professional clients looking for ultra-fast execution speeds with access to top liquidity providers and for the best order execution timing for algo trading, using the broker’s own NeroEx technology.

The Price Markets MetaTrader 4 trading platform is covered in more detail in the video review. A screenshot of the platform is shown below:

Mobile Trading Platforms

“Price Markets offers users the ability to access mobile trading on the go for Android and iOS systems from the MetaTrader 4 mobile trading app.”

Price Markets offers users the ability to access mobile trading on the go for Android and iOS systems from the MetaTrader 4 mobile trading app. The app download links can be found on the broker’s website, the client portal area or in the Google PlayStore or Apple AppStore.

The Price Markets MetaTrader 4 mobile trading app offers the following features:

• Full access to online trading
• 30 popular technical indicators
• 24 analytical objects
• One tap trading function
• Real-time charts
• Android or iOS

The Price Markets MetaTrader 4 mobile trading app is covered in more detail in the video review.

Trading Features

“Price Markets offers additional trading features that are mainly designed for professional traders and include MT4 Bridge, Liquidity Aggreagator, Market Making Engine, Cloud servers, Deliverable FX and FIX API solutions.”

Price Markets offers additional trading features that are mainly designed for professional traders and include MT4 Bridge, Liquidity Aggreagator, Market Making Engine, Cloud servers, Deliverable FX and FIX API solutions.

More details can be found on the broker’s website under Solutions.

Commissions & Spreads

“Price Markets offers competitive spreads with commissions for a Standard retail trading account of 3.5 USD per lot / per side for Forex and Commodities and 25 bps per lot / per side for Indices.”

Price Markets offers competitive spreads with commissions for a Standard retail trading account of 3.5 USD per lot / per side for Forex and Commodities and 25 bps per lot / per side for Indices. For the FIX API account for professional traders, users can trade as low as 8 USD per million USD traded.

The broker also provides detailed information regarding the spreads and commissions of each instrument available to trade on its website, as shown below:

Forex Trading

Commodity Trading

Indices Trading

Overnight swap fees can be found in the MetaTrader 4 trading platform by right clicking on a symbol and selecting ‘specification’.

Bonus & Promotions

“In accordance with regulatory restrictions, Price Markets does not offer any bonuses or promotions.’’

In accordance with regulatory restrictions, Price Markets does not offer any bonuses or promotions.

Customer Support

“Price Markets offer customer support between 8am and 5pm via via Live Chat, Telephone and Email. They also provide access to a Trading FAQ and Account FAQ section.”

Price Markets offer customer support between 8am and 5pm via Live Chat, Telephone and Email. However, according to the customer support agent these times can vary. After logging in to the Live Chat an autobot first asks for your name and email to be put forward to a live agent. Once this was done we were connected in a few seconds and the agent responded quickly, as the chat box screenshot shows below:

Contact Information:

• Address: 30 St. Mary Axe, 29th Floor, London, EC3A 8BF, UNITED KINGDOM
• Email: support@PriceMarkets.com
• Phone: +44232948230
• Social Media:
  • https://www.facebook.com/PriceMarketsUK
  • https://twitter.com/PriceMarkets
  • https://www.linkedin.com/company/price-markets/

Research

“Price Markets does not provide any trader research tools or resources.’’

Price Markets does not provide any trader research tools or resources.

Trader Education

“Price Markets does provide User Manuals and Guides for MT4 but otherwise trader education is limited.’’

Price Markets does provide User Manuals and Guides for MT4 but otherwise trader education is limited. However, the MT4 topics cover a wide variety such as how to execute a trade, using pending orders, charts, expert advisors and more.

A full list of topics covered can be found on the broker’s website.

Trading Experience

“Price Markets provides a simple, transparent trading offering to trade with an FCA regulated broker who provides very competitive spreads and the ability to trade on the MetaTrader 4 platform.”

From our observations, Price Markets provides a simple, transparent trading offering to trade with an FCA regulated broker with access to very competitive spreads. While the market range of 52 instruments isn’t huge it does cover all the major markets and instruments. Users can also trade on the globally-recognised MetaTrader 4 trading platform which has many learning tutorials online and on the broker’s website making it great for beginner traders – although with a high minimum deposit of $5,000.

The broker also provides a strong offering for professional traders with access to a wide variety of different solutions such as MT4 Bridges, Cloud servers and access to a FIX API trading station account for top tier liquidity. However, both beginner and advanced traders may benefit from the broker’s NeroEx technology which provides ultra-fast execution speed.

FAQ

Is Price Markets regulated?

Yes, by the FCA.

Where is Price Markets based?

Price Markets’s headquarters is based at 30 St. Mary Axe, 29th Floor, London, EC3A 8BF, UNITED KINGDOM.

How does Price Markets make money?

Price Markets makes money mainly through spreads, swaps and commissions on certain trading accounts and asset classes.

How do I deposit in Price Markets account?

Funds can be deposited into a trading account via bank wire, CardPay and Skrill.

What is the min. deposit for Price Markets?

The minimum deposit is $5,000.

How do I withdraw money from Price Markets?

Withdrawals can be made from Price Markets via bank wire, CardPay and Skrill.

What is the max leverage in Price Markets?

The maximum leverage offered by Price Markets is 30:1 for retail traders.

How do I open an account with Price Markets?

An account can be opened at the click of a button on the Price Markets website and can be done in just a few steps.

Does Price Markets use MetaTrader?

Yes, MetaTrader 4.

Conclusion

“Price Markets is an FCA regulated Forex and CFD broker offering to trade on more than 52 financial instruments covering Forex, Indices and Commodities with their own NeroEx technology for ultra-fast execution times on the MetaTrader 4 trading platform for desktop, web and mobile.”

Price Markets is authorised and regulated by the UK Financial Conduct Authority (FCA) under the name Price Markets UK Ltd and is subject to the FCA’s client money rules of holding client funds in segregated accounts and offering negative balance protection to retail clients.

The broker offers the ability to trade on 52 financial CFD instruments covering Forex, Indices and Commodities with access to competitive ECN-style spreads. Two account types are offered and are called Standard and FIX API. The Standard account for retail traders requires a minimum $5,000 deposit with access to a maximum 30:1 leverage.

Users can trade from the globally-recognised MetaTrader 4 trading platform for desktop, web and mobile.

Customer support is offered via Email, Phone and Live Chat 8am to 5pm, although times can vary. The broker provides limited trader research and education tools but does provide a user manual section which has some tutorials covering MT4 basics and some trading content.

• FCA regulated.
• Competitive spreads.
• Can trade on MetaTrader 4.
• Ultra-fast execution times and professional solutions.