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Price Markets Review

Price Markets Review

 

Overall, Price Markets is a multi-award-winning online brokerage firm. The broker executes the transaction on behalf of the trader. The company specializes in providing the best trading conditions to traders who use scalping strategies and HFT trading.

 

Price Markets at Glance

Broker's NamePrice Markets
📍 HeadquarteredLondon, England
📅 Year Founded2013
⚖️ Regulating AuthoritiesFCA
🌐 Countries not accepted for tradeUnited States
☪️ Islamic account (swap-free)No
👍 Demo AccountYes
📊 Institutional AccountsYes
📊 Managed AccountsYes
📈 Maximum Leverage1:30 for retail/1:200 for professionals
💰 Minimum Deposit$5000
💳 Deposit OptionsBankWire, Skrill, CardPay
💳 Withdrawal OptionsBankWire, Skrill, CardPay
💻 Platform TypesMetaTrader4, FIX API
📱 OS CompatibilityWindows, Mobile, Web, iPone, iPad, PC and Mac OS, mobile for Android and IOS
📈 Tradable assets offeredCurrencies, commodities, and indices
👨‍💼 Languages supported on WebsiteMultilingual
👥 Customer Support LanguagesMultilingual
📆 Customer Service Hours24/5

 

Overall Rating

4.8/5

Rated #56 of
Recommended FX Brokers

💰Minimum Deposit

USD 500

🌐 Regulators

FCA

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Price Markets Review – 16 key points quick overview:

  1. Awards and Recognition
  2. Price Markets Accounts
  3. Types of Accounts and its Features
  4. Deposits and Withdrawals
  5. Cost and Fees, Commissions, and Spreads
  6. Leverage
  7. Bonuses
  8. Trading Platforms, Software, and its Features
  9. Markets, Products, and Instruments
  10. Safety and Regulation
  11. Customer Support
  12. Research
  13. Education and Training
  14. Conclusion
  15. Disclaimer
  16. FAQ’s

 

Foreign exchange companies, such as Price Markets, offer private and institutional customers an electronic trading platform to trade in a wide selection of market instruments such as forex, commodities, financials, and shares.

 

By aggregating quotes from the largest liquidity providers, Price Markets offers some of the highest liquidity levels for financial market instruments.

 

Price Markets is headquartered in London, the United Kingdom. The company was founded in 2013 and has since grown impressively, providing its online trading services to traders across the globe.

 

Price Markets are not permitted to offer their services to residents in the United States and some other countries where there are jurisdictional restrictions.

 

Price Markets offers a selection of instruments across forex, indices, and commodity markets. The selection offered is some of the most popular in the world and caters to traders with different trading styles.

 

Price Market’s main principles include:

➡️️​ 100% transparency

➡️️​ Individual approach to the needs of each client

➡️️​ Constant service quality improvement

➡️️​ Constant technical infrastructure improvement

 

Awards and Recognition

Price Markets is an award-winning company that is regularly nominated for a number of awards. The company was nominated for these because of the quality services that it offers its traders. Some of these include:

➡️️​ Best Non-Bank Liquidity Provider 2015 By FXWeek

➡️️​ Gold Winner Prime Brokerage Europe 2015 by IAIR

➡️️​ Best New Prime of Prime Broker Award 2014 by IFM

➡️️​ Best Liquidity Provider 2014 by ForexMagnates

➡️️​ Best FX Clearing Provider 2014 By FXWeek

 

Price Markets Accounts

Price Markets, like all foreign exchange companies, offer its customers different foreign exchange accounts which is used to trade the market instruments offered.

 

Traders can open an account, deposit funds in their country’s dominant currency, and then hold, buy or sell foreign currencies.

 

 

Types of Accounts and its Features

Price Markets offer two different account options, each with its own characteristics and advantages.

 

This ensures traders with different trading styles and experience levels both have equal trading opportunities. Initial deposits on these accounts are very high.

 

Standard Account features and benefits

➡️️​ Ideal for retail customers

➡️️​ Minimum deposit: US Dollar 5 000

➡️️​ Currencies: GBP, USD, EUR, CHF, and JPY

➡️️​ Trading instruments: FX, Commodities, and Indices

➡️️​ Access: MetaTrader 4, Web or Mobile

➡️️​ Negative Account Balance Protection

➡️️​ Up to 50 000 GBP FSCS protection

➡️️​ Low-latency NY4 ECN execution

➡️️​ 3.5 USD per lot / per side (FX and Commodities)

➡️️​ 25 bps per lot / per side (Indices)

 

FIX API Account features and benefits

➡️️​ Available to Elective Professional traders only.

➡️️​ Minimum deposit: US Dollar 50 000

➡️️​ Currencies: GBP, USD, EUR, CHF, and JPY

➡️️​ Trading Instruments: FX, Commodities, and Indices

➡️️​ Access: FIX, MetaTrader 4, Web or Mobile

➡️️​ Low-latency NY4 or LD4 ECN execution

➡️️​ As low as 8 USD per million USD commissions

 

PAMM and MAM Accounts

Price Markets offers Percentage Allocation Management Module (PAMM), as well as Multi-Account Manager (MAM), which accounts for its licensed professional traders.

 

These options allow more than 100 customer accounts to be copied, meaning that a MetaTrader 4 terminal does not have to be opened for every single account. There is a maximum delay time of approximately 5 minutes when using 100 accounts at once.

 

PAMM and MAM features and advantages

➡️️​ Money Managers and Hedge Funds

➡️️​ Manage multiple client accounts on the company’s ECN Platforms

➡️️​ Price Markets Currenex ECN, Integral FX Inside, HotSpot FX, 360T, and MT4 ECN

➡️️​ Automatic allocation module for PAMM allocation, regardless of the number of clients

➡️️​ Support multiple allocations for different risk-weighted programs

➡️️​ No limit on the number of pre-defined PAMM allocations

➡️️​ Manage multiple strategies and portfolios from the same trading platform

➡️️​ Simple client-end back-office login

➡️️​ Customizable and flexible

➡️️​ Comprehensive, flexible reporting services

➡️️​ Give-ups and direct lines for Hedge Funds holding assets with Custodian banks

➡️️​ Full control of PAMM

➡️️​ Multiple Allocations / Programs

➡️️​ Multiple Platforms and ECN’s

➡️️​ One allocation tool

➡️️​ Custom reporting tools

➡️️​ Access to Forex, Commodities, CFDs, and Indices

 

Overall Rating

4.8/5

Rated #56 of
Recommended FX Brokers

💰Minimum Deposit

USD 500

🌐 Regulators

FCA

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Deposits and Withdrawals

Price Markets offers a number of deposit and withdrawal options. Transfer times depend on the payment provider but usually reflect immediately or takes up to 24 hours. No third-party bank deposits are allowed.

 

Credit cards include

➡️️​ Visa

➡️️​ Maestro

➡️️​ Mastercard

 

Online payment systems include

➡️️​ Skrill

➡️️​ iDeal

➡️️​ EPay

➡️️​ Przelewy24

➡️️​ Rapid Transfer

➡️️​ Nordea Solo

➡️️​ Klarna (former Sofort)

➡️️​ POLi

➡️️​ Giropay

 

Bank transfers include

➡️️​ Allied Irish Bank

 

Deposits fees

 

CardPay

➡️️​ Deposit fee: 3.50%

➡️️​ Refund fee: 1 EUR

➡️️​ Chargeback fee: 50 EUR

 

Allied Irish Bank

➡️️​ Deposit fee: 15 GBP / 20 EUR / 25 USD

 

Withdrawal fees

 

CardPay

➡️️​ Withdrawal fee: 0%

➡️️​ Refund fee: 1 EUR

➡️️​ Chargeback fee: 50 EUR

 

Skrill

➡️️​ Withdrawal fee: 4.00% EUR / 7.00% non-EUR

➡️️​ Country Surcharge fee: 1.00%

 

Allied Irish Bank

➡️️​ Withdrawal fee: 0% fee

 

Cost and Fees, Commissions, and Spreads

Forex brokers make money by charging traders commissions per trade or spreads. Commissions are the fees the trader pays the broker for handling the transaction and is mostly dependent on the instrument and account type.

 

Spreads are the difference between the trade’s bid price (what the trader receives for selling) and the ask price (what the trader pays for buying). Spreads could be variable or fixed, depending on market movements such as interest rates.

 

In some cases, brokers charge rollovers, also known as swap fees, for positions held open overnight. These fees are dependent on the interest rate differential between the currency pair traded in the open position.

 

Price Markets is transparent about the fees and commissions charged to its traders. Transaction costs may include rollover fees for positions held open overnight, depending on the interest rates of the currencies being traded.

 

The commission is charged per platform used by the trader.

 

Indices

➡️️​ Commission: 25 bps per lot / per side and spreads

➡️️​ Spreads: ranges from 0.5 to 10

 

Commodities

➡️️​ Commission: 3.5 USD per lot / per side.

➡️️​ Spreads: ranges from 0.04 to 5.

 

Forex

➡️️​ MetaTrader 4 Commission: 3.5 USD per lot / per side.

➡️️​ FIX API Commission: 20 USD per million USD traded

➡️️​ Spreads: ranges from 0.3 to 121.

 

Leverage

Leverage is capital that the broker provides a trader to potentially increase funds, the ratio of a trader’s capital to the size of the broker’s credit. Simply put, if a trader has 500 USD in the account, an amount of 50 000 USD can be controlled with a leverage of 1:100.

 

Although leverage is a great opportunity to increase funds, traders should be aware that the risks are also higher.

 

Price Markets is regulated by the European Securities and Markets Authority (ESMA) and the Financial Conduct Authority (FCA), which both have regulations regarding leverage ratios provided.

 

The company is required to offer specific leverage levels to its retail customers for protection against the use of high ratios. Standard account holders are leverage ratios of up to 30:1, whereas FIX API account holders are offered leverage ratios of up to 200:1.

 

These leverage ratios depend on several factors such as the market instrument and investor classification.

 

Bonuses

Some brokers offer bonuses as a way of welcoming or reimbursing customers for trading with that specific broker. These rewards are usually done by means of cashback programs, “Refer a Friend” programs or gift vouchers.

 

There is no mention of bonuses on the company’s website at the moment.

 

Trading Platforms, Software, and its Features

A trading platform facilitates live access to trading markets around the world, usually forex, CFD and futures trading. These allow traders to make informed decisions, protects customer funds, offer historical data and forecasts, trends as well as patterns.

 

Price Markets offers a flexible selection of platform choices. The company reduces the processing times of orders drastically through NeroEx Technology. Fast order executions can potentially lead to higher profits and other benefits such as minimal spreads.

 

The MetaTrader 4 is one of an award-winning trading platform and one of the most ought-after terminals in the world as it offers a selection of benefits.

 

MetaTrader 4 Platform features and benefits include

➡️️​ Customizable

➡️️​ User-friendly

➡️️​ 50 pre-installed technical indicators

➡️️​ Strategy tester

➡️️​ Historical timeframe data

➡️️​ Price alerts

➡️️​ Multi-language support

➡️️​ One-click trading

➡️️​ Pending, stop orders and trailing stops

➡️️​ MQL4 programming language allows customers to use indicators and trading advisors

➡️️​ Identify trends

➡️️​ 9 different time-frames

➡️️​ Available via desktop, Android, and iOS

 

MT4 WebTrader

The MT4 WebTrader is ideal to access one’s account through the company’s web version of the MetaTrader 4 terminal. This option comes in handy when PC problems arise or one needs to manage an account urgently s not near one’s PC.

 

The web version of MetaTrader 4 allows trading and the analysis of currency quotes. Operations are fully secured and all data is encrypted.

 

Features and benefits of the MT4 WebTrader

➡️️​ No need to download or install software, just log in on the company’s browser page

➡️️​ Gives customers access to time-frames, advanced technical tools, and information

➡️️​ Quick access to the charts

➡️️​ Access to online signals, financial news, technical indicators, and trading advisors

➡️️​ 100% compatible with the majority of operating systems, web-browsers, and languages.

➡️️​ The one-click order placement system

 

MetaTrader 4 for Android and iOS

This version of the MetaTrader 4 offers a fully functional online trading experience from Android as well as iOS devices. Access is given to a complete set of orders, technical analysis tools, trading history, and charts.

 

Features and benefits of the MetaTrader 4 smartphone app

➡️️​ Fully capable of replacing the desktop version of the MetaTrader 4

➡️️​ Supports 30 popular technical indicators and 24 analytical objects

➡️️​ Supports 10 different trading windows

➡️️​ “One Tap Trading” function

➡️️​ Display up to four charts of quotes in a single window

➡️️​ A separate window with orders information, trading history, emails, and logs

➡️️​ Interactive charts show quotes changes in real-time

➡️️​ Downloadable from the Google Play Store / App Store

 

FIX API

FIX API enables access to the real-time, custom institutional interface. It pushes up to 250 price updates per second and is the fastest and most popular option for Price Markets customers. A full range of trading order types is available.

 

Features and benefits of FIX API

➡️️​ Professional protocol used for transitions of financial data

➡️️​ Quick time order execution

➡️️​ Access to more than 50 of the TOP worldwide liquidity providers (international financial organizations, exchanges, etc.)

➡️️​ Algorithmic trading with NeroEx

➡️️​ Correct pricing

➡️️​ Financial data from numerous sources

➡️️​ Automated trades

 

Markets, Products, and Instruments

There are numerous products and market instruments available for traders to invest in. The more varied a trader’s portfolio, the fewer risks are involved. Most brokers offer their traders a wide selection of market instruments, which may include the following:

 

Foreign Exchange

The foreign exchange market, also known as FX or forex, is the most liquid market in the world. An average of US Dollars 5 trillion in currencies is traded each day, making it the largest market by volume.

 

This market determines the exchange rates for all foreign currencies. Foreign exchange trading includes the buy or sell of currencies at either current or determined prices.

 

Indices

Index trading involves a group of global stocks such as NASDAQ, FTSE, German DAX, AEX, etc. These indices are measured by the value of certain stock market sections.

 

Commodities

Commodity markets consist of the economic sector of products such as oil and gas, metals as well as agricultural products. It usually involves futures trading and the buy or sells off a selection of instruments.

 

When traded in a calculated manner, commodity trading is one of the safest trading options, especially in times of economic uncertainty.

 

CFD Trading

CFD trading (Contract for Difference) involves the speculation of prices on global financial markets which may include currencies, shares, commodities, and indices.

 

Cryptocurrencies

Cryptocurrencies are digital assets used by means of exchanging digital token coins such as Bitcoin. This type of trading usually involves price movement speculation via CFDs.

 

ETFs

As with regular stocks, ETFs (Exchange-traded Funds) is an investment fund which is traded on stock markets. It holds assets (bonds, commodities, stocks, etc.) and can be traded like regular stocks.

 

Price Markets offers numerous instruments across the following markets:

➡️️​ More than 12 different indices, such as Australia 200, Japan 225, Germany 30, UK 100, and US 500 Index.

 

➡️️​ The company’s commodities consist of 5 different options – US Oil Contract, UK Oil Contract, Natural Gas, Gold vs. US Dollar, and Silver vs. US Dollar.

 

➡️️​ CFD trading on more than 100 currency pairs, which are divided into major (including EUR/USD, GBP/USD, and USD/CAD), minor (including EUR/GBP, EUR/CHF, GBP/JPY, and CHF/JPY) and exotic (including USD/NOK, USD/HKD, and EUR/CZK).

 

➡️️​ Forex instruments offer 35 markets for both Retail and Professional customers.

 

Safety and Regulation

It is important for potential traders to do thorough research before deciding on which broker to trade with.

 

When trading with a Forex company that is regulated in the countries its services are offered, it automatically protects customers as the company is bound to adhere to certain rules and regulations.

 

The regulating bodies ensure safe trading conditions such as segregated customer funds and the best trading practices.

 

Price Markets is authorized and regulated by some of the most respected financial regulators, the Financial Conduct Authority (FCA) and the European Securities and Markets Authorities (ESMA). The company is registered in England as well as Wales.

 

The Financial Conduct Authority and the European Securities and Markets Authority are both reputable financial authorities that set very high standards for companies.

 

Customers can be confident in the legality of their trading activities as well as safe trading practices such as the protection of funds. Customers also benefit from the Financial Services Compensation Scheme (FSCS) protection.

 

Customer Support

A great support system that is readily available is important for any trader, as it could help make important trading decisions at minimal risks.

 

Price Markets is committed to offering high-quality support for each individual trader. Customers can contact the company’s support team via telephone, live chat, and email, as well as social media, which is available 24 hours a day, 7 days a week.

 

Research

Thorough market research is essential to have a lucrative trading experience. The analysis is used by traders to identify trends, understand the market drivers, price movements, short and long-term resistance, and values.

 

Most brokers provide research tools to assist traders with researching the markets they are interested in, helping to make informed trading decisions while minimizing the risks involved.

 

Traders have access to little research tools, which include updated financial news and various trading strategies. Luckily, the MetaTrader 4 platform offers numerous charts and market analyses to assist traders in this regard.

 

Education and Training

Most brokers provide educational and training tools to help traders understand how to use chats and platforms, how markets work, build strategies, analyze currency pairs, and what are the risks involved.

 

Traders have access to step-by-step information on how to use, download and register for accounts, market instruments, and platforms. Trading FAQ and Account FAQ is also available and offers answers to everyday trading queries.

 

A User Manual and Guides page and tutorials provide information on how to use trailing stops, open and close positions, stop loss and take profit, how to execute a market order, and real-time quotes, amongst others.

 

Conclusion

Price Markets provides everything needed for a profitable trading experience through a high level of liquidity, high trading conditions, and advanced technology. Although its initial minimum deposit is very high, other than that traders should do well when trading with this broker.

 

You might also like: Price Markets Minimum Deposit

You might also like: Price Markets Account Types

You might also like: Price Markets Demo Account

You might also like: Price Markets Fees and Spreads

You might also like: Price Markets Sign up Bonus

 

Disclaimer

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

 

This notice details information about some of the risks associated with these products but cannot explain all of the risks, nor how such risks relate to your personal circumstances.

 

If you are in any doubt you should seek professional advice as it is important that you fully understand the risks involved before making a decision to enter into a trading relationship with us. Professional clients can lose more than they deposit.

 

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64.4% of retail investor accounts lose money when trading CFDs with this provider.

 

Overall Rating

4.8/5

Rated #56 of
Recommended FX Brokers

💰Minimum Deposit

USD 500

🌐 Regulators

FCA

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

FAQ’s

 

Trading Environment

 

How many instruments can I trade with Price Markets?

Price Markets offers several instruments across the following markets:

  • Forex
  • Commodities
  • Indices

 

Which platforms are supported by Price Markets?

Price Markets supports the MetaTrader 4 platform.

 

Do Price Markets offer leverage?

Yes, the company offers standard leverage ratios of up to 200:1.

 

What spreads can I expect with Price Markets?

Spreads from 0.0 pips can be expected, depending on the type of instrument.

 

Does Price Markets charge commission?

Yes, Price Markets does charge commission starting at 3.5 USD per lot/per side.

 

Are Price Markets regulated?

Yes, Price Markets is regulated by the Financial Conduct Authority (FCA) and the European Securities and Markets Authorities (ESMA).

 

Is Price Markets a recommended forex trading broker for experts and beginners?

No, although the company supports the user-friendly MetaTrader 4 platform and offers educational tools, the initial minimum deposit is very high for a beginner.

 

What is the overall rating out of 10 for Price Markets?

8/10

 

Accounts

 

What is the difference between a demo and a live trading account?

With a live trading account, traders deposit and trade with real money at actual profits and losses. A Demo account allows traders to trade in a simulated, risk-free trading environment with virtual money, at no profits or losses.

 

Does Price Markets offer a demo account?

Yes, Price Markets does offer a demo account.

 

Can I convert my demo account to a live trading account with Price Markets?

No, traders have to register for a new account.

 

Which live trading accounts does Price Markets offer?

Price Markets offers a variety of accounts, each with its own characteristics and benefits:

  • Standard Account – For retail traders
  • FIX API Account – For professional traders

 

What are the available deposit currencies for a live trading account?

GBP, USD, EUR, CHF and JPY

 

Deposits and Withdrawals

 

What is the minimum deposit for Price Markets?

The minimum deposit is US Dollar 5 000.

 

How do I make a deposit and withdrawal with Price Markets?

Simply log in to the account and follow a few steps.

The following funding options are available:

  • Visa
  • Maestro
  • Mastercard
  • Skrill
  • iDeal
  • EPay
  • Przelewy24
  • Rapid Transfer
  • Nordea Solo
  • Klarna (formerly Sofort)
  • POLi
  • Giropay
  • Allied Irish Bank

 

Does Price Markets charge withdrawal fees?

A withdrawal fee of up to 4.00% EUR and 7.00% non-EUR may be charged on payment options such as Skrill.

 

How long does it take to make a withdrawal?

Withdrawals are processed within 24 hours to reflect, depending on the payment provider.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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