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Price Markets is an international company providing access to the Forex and CFD markets. The broker was founded in 2013, but received a license from the strict UK regulator only in 2016. The company is headquartered in London.
All financial transactions at Price Markets are carried out exclusively via bank transfer. “When working with Price Markets, you can be certain that your capital will adhere to the strictest CASS and client funds’ safekeeping rules,” the company website says. By the way, the broker's website is user-friendly and available in English and Chinese. In order to open a website in other languages, it is necessary to type in a special plug-in into the address bar. However, the quality of translation is rather poor.
Trading conditions
Trading with Price Markets, you can use a wide range of trading instruments such as currency pairs, CFDs, energy commodities, and indices. Since the broker receives quotes from a large number of liquidity providers, it can offer very low spreads. Moreover, the liquidity of trading instruments provided by Price Markets allows its clients to choose from a broad range of trading strategies and systems. The broker is particularly proud of NeroEx, its own unique platform. This is an exclusive and proprietary technology that allows customers to trade at one of the highest available levels of liquidity in the market.
The company offers two types of accounts: standard with a minimum deposit of $5,000 for retail customers and API with a minimum deposit of $50,000 for professional traders. Besides, beginners can use a demo account to try their hand at trading for free and with no time limits.
We did not find any contests or special offers on the broker's website. Besides, the company does not provide its clients with any educational programs and up-to-date analytics.
Trading platforms
Traders can choose from the following trading platforms: MetaTrader4, Integral, CurreNex, and LiquildX Knight. All the platforms are available as a web-based version and apps for PCs and smartphones.
Support service
The broker's support service is available 24/7. You can contact the customer department via email, phone, a feedback form, or a pop-up chat.
Deposit and withdrawal of funds
Price Markets clients can use three different deposit methods: Skrill and Cardpay electronic payments, as well as bank transfer. The broker considers these types of transactions to be the most reliable.
Feedback from traders
Clients complain that they have to wait long for the support team's answer. They also note a high minimum deposit, which is quite fair. In addition, we have found some comments about contradictory information on the company's history. The point is that Price Markets' official Facebook account states that the broker was founded in 2003, while the account itself was registered in 2010. It has probably changed its name, owner, or place of registration. However, none of the negative reviews and rumors can be deemed valid and reliable. On the flip side, the number of positive comments on the broker's activity is extremely low.
Advantages and disadvantages
Price Markets' advantages:
- regulated broker;
- low spreads;
- wide range of trading instruments;
- demo account.
Price Markets' disadvantages:
- high minimum deposit;
- website available only in two languages;
- limited number of withdrawal methods;
- negative feedback from traders.
Conclusion
Price Markets provides its clients with a wide range of assets and good trading conditions. However, its high initial deposit discourages less experienced traders. Apart from that, the broker is regulated by a very reputable authority. However, even this fact cannot guarantee the complete safety of customer funds.
