What is MACRO MARKETS?
Established in 2010, MACRO MARKETS stands as a regulated brokerage firm registered in Seychelles. Over the course of a decade, this broker has evolved into a firmly established entity with a robust reputation. It operates within a framework of strong regulation, providing five classes of trading instruments spanning Forex, Commodities, Indices, and Share CFDs through the MT4 and Web Terminal trading platforms. Renowned for delivering an exceptional trading environment, MACRO MARKETS consistently caters to its clients' needs.
Pros & Cons
Is MACRO MARKETS Legit?
- The Chinese Gold & Silver Exchange Society
- Current Status: Regulated
- License Type: Type AA License
- Regulated By: Hong Kong
- License No.: 229
- Australian Securities & Investment Commission (ASIC)
- Current Status: Regulated
- License Type: Market Making (MM)
- Regulated By: Australia
- License No.: 000363972
- Seychelles Financial Services Authority (FSA)
- Current Status: Offshore Regulated
- License Type: Retail Forex License
- Regulated By: Seychelles
- License No.: SD139
Market Instruments
Macro Markets offers five classes of popular tradable assets. Specifically, their product lineup covers Forex, providing access to the world's largest and most liquid market. Traders can also engage with global Indices, allowing for exposure to broader market movements. For those interested in individual companies, Stocks are available for trading. The broker rounds out its offerings with Metals and Energies, providing opportunities in commodities markets.
Account Types
Macro Markets provides four tailored account types targeting traders of different experience levels:
The STD Account is designed for beginners, with a low minimum deposit of 100 USD. It offers medium spreads and is ideal for those starting their trading journey. The PRO Account, requiring a 200 USD minimum deposit, maintains similar features but is geared towards more experienced traders.
For those seeking more advanced trading conditions, the Premium Account requires a 500 USD minimum deposit and offers lower spreads. The ECN Account, with a 1000 USD minimum deposit, is tailored for professional traders, featuring the lowest spreads and direct market access, albeit with transaction fees.
All accounts utilize the popular MT4 platform, providing a familiar and robust trading environment. Notably, all accounts feature market execution, a minimum lot size of 0.01, a maximum lot size of 20, unlimited maximum opening positions, and a 50% stop-out level. The broker also provides free demo accounts and supports Expert Advisors across all account types, allowing for automated trading strategies.
Leverage
MACRO MARKETS offers flexible leverage ratio ranging from 1:1 to 500:1. Leverage can magnify your profits, but it can also magnify your losses. If the market moves against you, you could lose more money than you deposited. For example, if the company offers maximum leverage of up to 1:500, which means that you can control a position worth 500 times your initial deposit. And, if you deposit $100, you could control a position worth $50,000.
Spreads and Commissions
Macro Markets offers a tiered account structure with varying spread conditions across its four account types. The STD and PRO accounts feature medium spreads, while the PREMIUM and ECN accounts boast lower spreads, targeting more active traders. Notably, the broker advertises minimum spreads from as low as 0.1 pips on its homepage, which likely applies to the ECN account type. However, Macro Markets does tell its commission structure.
Below is a comparison table about spreads and commissions charged by different brokers:
Promotions
Macro Markets is currently running an enticing mid-year promotion, offering clients a generous 10% deposit bonus. This seasonal campaign is designed to reward traders and enhance their trading capital, providing an excellent opportunity for both new and existing clients to boost their investment potential.
The promotion is straightforward yet impactful: for every deposit made, clients receive a 10% bonus, which is fully unlocked and available for immediate trading. This bonus applies to deposits of various sizes, from as little as $200 up to $50,000, with the maximum bonus capped at $5,000. For instance, a $200 deposit would yield a $20 bonus, resulting in a total trading balance of $220. On the higher end, a $50,000 deposit would earn the maximum bonus of $5,000, creating a substantial $55,000 trading balance.
What makes this offer particularly attractive is its flexibility and potential for substantial rewards. The bonus funds are not just a nominal addition but are fully integrated into the trading balance, allowing traders to leverage these extra funds in their market activities. This structure encourages active trading, as each transaction brings the trader closer to realizing the full benefits of the bonus.
Trading Platform
MACRO MARKETS offers several trading platforms for its clients, including MT4 Trading Platform and Web Terminal.
• The MetaTrader 4 (MT4) platform is the most popular trading platform in the world. They are used by millions of traders to trade a wide range of financial instruments, including forex, CFDs, and stocks.
• Web Terminal is a web-based trading platform that allows you to trade from any device with an internet connection. It is a simplified version of the MT4 platform, but it still offers several useful features.
Both of these platforms are available to MACRO MARKETS clients. The best platform for you will depend on your individual trading needs and preferences. If you are a serious trader who wants access to a wide range of features, then MT4 Trading Platform is a good choice. If you are looking for a more simplified platform that you can access from anywhere, then Web Trader is a good option.
See the trading platform comparison table below:
Copy Trading
Macro Markets enhances its offering with a popular copy trading feature. This social trading tool allows users to automatically replicate the strategies of top-performing traders on the platform.
The copy trading feature is designed to bridge the gap between novice and experienced traders, offering a unique learning opportunity while potentially generating returns. Users can browse through a selection of successful traders, analyze their performance metrics, and choose whose strategies they wish to follow.
Customer Service
MACRO MARKETS offers multiple channels to support its customer service, including email, and phone and online chat. Traders can also access a customized VIP customer service program, which includes dedicated account managers and priority support.
8 languages are available on this platform to serve traders from various regions or countries better.
Customers can get in touch with their customer service line using the information provided below:
Email:info@macrofx.com, macrofxcom@gmail.com
24/7 Multilingual Online Messaging
Social media: Facebook, Twitter, YouTube, Linkedin, and Instagram
Phone: +61 4 3486 9014 (Australia)
Frequently Asked Questions (FAQs)
Is Macro Markets legit?
Yes, Macro Markets operates legally under regulations of ASIC in Australia and FSA in Seychelles.
What types of trading instruments are available at MACRO MARKETS?
MACRO MARKETS offers a variety of trading instruments, including Forex, Commodities, Indices, and Share CFDs.
What trading platforms does MACRO MARKETS provide?
MACRO MARKETS offers MT4 and Web Terminal.
Does Macro Markets offer copy trading?
Yes, this broker offers copy trading.
2024-10-10 22:27
2024-07-30 18:35
