Glare Markets-Overview of Minimum Deposit, Leverage, Spreads

General Information & Regulation

Glare Markets is allegedly a broker based in China that provides its clients with a WebTrader as its trading platform, leverage up to 1:400 on various tradable assets, as well as a choice of seven different account types and six different investment plans.

Market Instruments

Glare Markets advertises that it offers a wide variety of trading instruments in financial markets, including CFDs, forex and cryptocurrencies of Bitcoin, Ethereum and more.

Account Types

There are seven live trading accounts offered by Glare Markets, namely Basic, Bronze, Silver, Gold, Platinum, Pro and VIP Leverage. Opening a Basic account requires the minimum initial deposit amount of $250+, while the other six account types with the much higher minimum initial capital requirements of $3,500, $10,000+, $25,000+, $50,000+, $100,000+ and $250,000 respectively.

Investment Plans

Glare Markets also provides its clients with six different investment plans, including Family Plan, VIP Plan, Trading for beginners, Secondary Income Plan, Retirement Plan and Dream Plan.

Leverage

The maximum leverage ratio provided by Glare Markets is much higher than most brokers, up to 1:400. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Trading Platform Available

When it comes to trading platforms available, Glare Markets gives traders a WebTrader. However, we suggest you use MetaTrader4 or MetaTrader5 as the trading platform. As most traders know, the MT4 and MT5 are known as the most successful, efficient, and competent forex trading software. The MT4 offers an intuitive and user-friendly interface, advanced charting and analysis tools, as well as copy and auto-trade options. While the MT5 allows traders to execute trades on different financial markets through a single account and there is a hedging option.

Deposit & Withdrawal

From the logos shown at the foot of the home page on Glare Markets official website, we found that this broker seems to accept deposits and withdrawals with MasterCard, Maestro, Visa and Bank Wire, yet we cannot sure if these payment options are all available. The minimum deposit requirement is $250. As for the processing time of withdrawal requests, withdrawals usually are processed within 1-5 banking days. However, the broker says the withdrawal period may be extended in case of unforeseen circumstances, and the clients will be notified by e-mail or telephone.

Customer Support

Glare Markets‘ customer support can be reached by telephone: +442037694546, email: support@glaremarkets.com. However, this broker doesn’t disclose other more direct contact information like the company address that most brokers offer.