MarketGBP Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-25 18:04

Abstract：MarketGBP is a financial trading company in the United Kingdom that has been operating for two to five years and offers more than 45 types of market options trading, but the lack of effective regulation has raised security problems.

MarketGBP Review Summary
Founded	2-5 years
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	Forex, Indices, Commodities, Precious Metals
Demo Account	Available
Leverage	Up to 1:100
Spread	Around 2.5 pips for major currency pairs
Trading Platform	MetaTrader 4 (MT4), Mobile, Web Forex Trading
Min Deposit	$100
Customer Support	Email: support@marketgbp.com

MarketGBP Information

　　MarketGBP is a financial trading company in the United Kingdom that has been operating for two to five years and offers more than 45 types of market options trading, but the lack of effective regulation has raised security problems.

Pros and Cons

Pros	Cons
Offers diverse market instruments	Operates without regulation
Provides various account types	Limited information on specific market instruments
Leverage ratio of 1:100 for GBP/USD trading	Unavailable website
Utilizes popular MT4 platform for trading	Imposes commissions on clients
Provides mobile and web trading platforms	Minimum deposit required
Offers a demo account for risk-free practice	Only email customer support

Is MarketGBP Legit?

　　MarketGBPis currently in a state of no effective supervision, which means that its activities are not supervised by the government or financial institutions. Therefore, there is a high risk of investment with MarketGBP.

What Can I Trade on MarketGBP?

　　MarketGBP offers traders the opportunity to trade FOREX(EUR/USD, GBP/JPY, USD/CAD, and AUD/NZD), INDICES(S&P 500, FTSE 100, NASDAQ, and Nikkei 225), COMMODITIES(crude oil, natural gas, corn, and soybeans) and PRECIOUS METALS(gold, silver, platinum, and palladium).

Tradable Instruments	Supported
Commodities	✔
Forex	✔
Currencies	❌
Crypto currencies	❌
Indices	✔
Precious metals	✔
Binary Options	❌
Mutual Funds	❌
Futures	❌

Account Types

　　MarketGBPoffers three live account types, namely Standard Account, Premium Account, and VIP Account.

　　The Standard Account is suitable for direct trading mode.

　　The Premium Account, compared to standard accounts, provides additional benefits and services.

　　The VIP Account offers exclusive perks and personalized services for high volume traders.

Leverage

　　The leverage for GBP/USD trading in MarketGBP is 1:100.

MarketGBP Fees

　　MarketGBP collects spreads and commissions from its clients.

　　Spreads in major currency pairs average about 2.5 pips, while commissions can vary depending on volume, but are generally between $7 and $10 per lot.

　　It claims that the three accounts offer different spreads. However, specific spread information is not available.

Trading Platform

　　MT4, Mobile and Web Forex Trading Top Platform are chosen by MarketGBP to serve for clients of different preferences.

Trading Platform	Supported	Suitable for
MT4	✔	Investors of all experience levels
Mobile	✔	Traders who trade at any time and from any location with an internet connection
Web Forex Trading Top Platform	✔	Traders who don't want to download or install apps

Deposit and Withdrawal

　　MarketGBP supports a variety of deposit and withdrawal channels, including bank wire, credit cards, debit cards and e-wallets. Although there is no deposit fee, there will be different fees for withdrawal according to the selected method. For example, bank wire transfer withdrawal needs to pay 20 pounds, and PayPal withdrawal charges 2% of the withdrawal amount as a commission.

　　In addition, it sets a minimum deposit threshold of $100 and a minimum withdrawal limit of $20.