Overview of MarketsVox
MarketsVox is registered in Seychelles and was founded in the year 2023. The company operates without regulatory oversight and offers a variety of market instruments including Forex, indices, commodities, and metals.
Clients of Markets Vox have access to platforms MT5 and WebTrader. Customer support can be reached through the email support@marketsvox.com.
The company handles deposits and withdrawals through credit/debit cards, Skrill, and NETELLER. Additionally, MarketsVox offers a glossary as an educational resource for its clients.
Is MarketsVox Limited Legit or a Scam？
MarketsVox is regulated by the Seychelles Financial Services Authority (FSA) under an Offshore Regulatory framework.
Operating with a Retail Forex License, the company holds license number SD142. This regulatory oversight ensures that MarketsVox complies with the regulatory standards set forth by the Seychelles authorities for financial service providers.
Pros and Cons
Pros of MarketsVox:
Ultra Competitive Pricing: This suggests that the company offers pricing that is very competitive in the market, which could result in cost savings for traders.
Fast Execution: Quick execution times are crucial in trading, as they can mean the difference between a profitable trade and a missed opportunity.
Fully Functional Client Portal: A comprehensive client portal implies easy access to account management, trading, and support features, enhancing user experience.
Profitable Partner Programs: The availability of partner programs that are profitable could provide additional income streams or benefits for engaging other traders or clients.
Cons of MarketsVox:
Over-reliance on Technology: While multiple technology solutions are a pro, over-reliance on them can be risky if there are any technical failures or cyber-attacks.
Market Risk: As with all trading, there is inherent market risk, and fast execution and deep liquidity do not necessarily protect against market volatility.
Complexity for Beginners: A fully functional client portal and multiple technology solutions could be overwhelming for new traders who are not yet familiar with such platforms.
Unspecified Terms of Partner Programs: While partner programs are advertised as profitable, the terms are not specified and could come with caveats that make them less advantageous.
Potential Hidden Costs: Ultra competitive pricing may not account for other possible costs associated with trading, like withdrawal fees, inactivity fees, or spreads.
Market Instruments
The market instruments offered by the company are:
Forex (Foreign Exchange): This involves the trading of currencies and is a primary feature for traders looking to capitalize on the fluctuations in exchange rates.
Indices: These are portfolios of stocks representing a particular market or a portion of it, providing a comprehensive snapshot of its performance.
Commodities: Trading in commodities includes physical goods like gold, oil, and agricultural products. These are basic goods used in commerce that are interchangeable with other goods of the same type.
Metals: This typically refers to the trading of precious metals such as gold and silver, and can also include other base metals. Trading in metals is often used as a hedge against inflation or currency devaluation.
How to Open an Account？
Opening an account four simple steps:
Choose Account Type: Select whether you want to register as an individual or a company by clicking the appropriate option.
Enter Your Details: Fill in your email address and create a password, then confirm the password in the next field to ensure it is correct.
Select Your Country and Currency: Choose your country from the drop-down menu and select the currency for your wallet from the options provided (USD, EUR, GBP).
Agree to Terms and Register: Read and accept the Client Services Agreement, Privacy Policy, and any other listed documents or policies. Once you have done this, click the “REGISTER NOW” button to complete the registration process.
Trading Platform
MetaTrader 5 (MT5) stands as the premier platform utilized worldwide by financial traders. Renowned in the industry for trading Forex and CFDs, this user-friendly platform offers a comprehensive array of features, including multiple chart types, various time frames, and over 50 technical indicators.
Accessible across desktop, mobile, and web interfaces, MT5 provides traders with a reliable and versatile platform for trading, analyzing financial markets, and utilizing Expert Advisors to optimize trading strategies. With instant charting capabilities, customizable options, real-time monitoring of trading activity.
Deposit & Withdrawal
Mastercard: A widely accepted credit card for deposits and withdrawals.
VISA: Another major credit card accepted worldwide for financial transactions.
Skrill: An e-wallet for secure online payments and transfers.
Neteller: Similar to Skrill, Neteller is an e-money transfer service used to transfer money to and from merchants.
Cryptocurrency: The logos suggest the acceptance of various cryptocurrencies for deposit and withdrawal.
UnionPay: A card service that is widely used in China and also accepted internationally.
Tether (USDT): The “T” logo indicates the acceptance of Tether, a blockchain-based cryptocurrency whose cryptocoins in circulation are backed by an equivalent amount of traditional fiat currencies.
Bank Transfer: Suggested by the generic bank or wire transfer icon.
Other E-Wallet Services: The remaining logos appear to represent other digital payment services or e-wallets.
Copy Trading
MV Social offers a streamlined process for copy trading through its platform. By partnering with MarketsVox and joining the MV Social program, you gain access to a mobile trading app that allows you to connect to the markets and either follow or copy successful trading strategies. The app also provides opportunities to engage and interact with other traders.
Here are the four simple steps to get started:
Open a Trading Account: Begin by opening a trading account with MarketsVox.
Register: Register on the MVSocial or Chills Trading platform.
Connect: Link your MarketsVox trading account to your MVSocial platform.
Earn Income: Choose and follow your preferred strategies to start earning passive income.
Bonus
MV Social, through MarketsVox, offers two types of bonuses to enhance the trading experience for its users:
30% Loyalty Bonus: This bonus is designed to reward ongoing participation and loyalty. Traders can continuously receive this bonus up to a maximum of 5000 USD. It encourages sustained trading and investment on the platform.
MarketsVox Welcome Bonus: This bonus is available to new users who are just starting with MarketsVox. To avail of this bonus, new users need to register and open an account with MarketsVox. Following account setup, they must contact the support team to claim their welcome bonus.
Customer Support
The customer support for the company, can be reached via the email address support@marketsvox.com. This suggests that the company offers support through email correspondence, where clients can send inquiries, report issues, or seek assistance with their trading accounts and related services.
Educational Resources
The educational resources provided by the company include a comprehensive Forex glossary. This glossary is designed to help both new and experienced traders by providing definitions of key terms used in the Forex market.
The aim is to demystify the various terms and phrases that traders will encounter and to make the trading experience less confusing, especially for those who are new to the Forex market.
This resource is an essential tool for anyone looking to understand the intricacies of Forex trading and to become fluent in the language used in this financial sector. The glossary is likely to be arranged alphabetically, as suggested by the alphabetical index, allowing for easy navigation and reference.
Conclusion
In conclusion, MarketsVox appears to be a relatively new, unregulated trading platform based in Seychelles, founded in 2023, offering a range of financial instruments including Forex, indices, commodities, and metals.
With account types attracting different trader levels and trading platforms like MT5 and WebTrader, it seems to aim at providing competitive services such as ultra-competitive pricing, fast execution, and deep liquidity. While the platform offers a variety of deposit and withdrawal methods, including major credit cards, e-wallets, and cryptocurrencies, potential users should be cautious due to its unregulated status.
Customer support is accessible via email, and for educational support, MarketsVox provides a detailed Forex glossary to assist traders in understanding trading terms. As with all trading platforms, especially unregulated ones, individuals should thoroughly research and understand the risks before engaging in trading activities.
FAQs
Q: Which trading platforms are available with MarketsVox？
A: MarketsVox offers MT5 and WebTrader as its trading platforms. These platforms are widely used and recognized in the trading community for their advanced features and user-friendly interfaces.
Q: How can I contact MarketsVox customer support？
A: You can contact MarketsVox customer support via email at support@marketsvox.com.
Q: What deposit and withdrawal methods are available on MarketsVox？
A: MarketsVox accepts various methods for deposits and withdrawals, including credit/debit cards, Skrill, NETELLER, and potentially other services as indicated by various payment method logos.
Q: Does MarketsVox provide educational resources for traders？
A: Yes, MarketsVox offers a comprehensive Forex glossary as an educational resource to help traders understand the various terms and phrases used in Forex trading.
Q: What can I trade with MarketsVox？
A: MarketsVox offers a diverse range of trading instruments, including Forex currency pairs, Indices, Commodities, and Metals. Traders can access a wide selection of assets to build diversified portfolios and capitalize on various market opportunities.
2024-07-11 10:30
2024-06-27 11:51
