Moves Market Information
Moves Market, founded in 2012 and registered in Belize, offers 40 forex pairs, precious metals, commodities, shares, and cryptocurrencies. The broker provides leverage of up to 1:3000 and spreads starting from 3.0 pips for EUR/USD. Traders can use the Moves Market desktop and mobile app platforms or MetaTrader 4 (MT4).
Pros & Cons
Pros of Moves Market:
- Wide Range of Instruments: Moves Market provides access to a broad array of trading instruments, including 40 forex pairs, commodities and so on.
- Multiple Trading Platforms: Traders can choose from several platforms, including Moves Markets desktop and mobile apps, as well as MetaTrader 4 (MT4).
- Free Minimum Deposit: There is no minimum deposit requirement, making it easy for new traders to get started without an upfront investment.
- 24/7 Customer Support: Moves Market offers around-the-clock customer support through multiple channels such as phone, email, Twitter, Instagram, live chat, and online messaging.
Cons of Moves Market:
- Unregulated: Moves Market operates without regulatory oversight, which can be a concern for traders seeking enhanced security and protection for their investments.
- Higher Spreads: The spreads for trading can start from 3.0 pips, which is considered relatively high compared to other brokers.
Is Moves Market Legit？
Moves Market does not have any valid regulatory oversight at present. Yet, the company is not currently subject to the regulatory standards and supervision. As a result, there is no official oversight ensuring that Moves Market adheres to established financial practices and standards designed to protect traders and investors.
Market Instruments
Moves Market offers many instruments:
- Forex Pairs: 40 currency pairs, including major, minor, and exotic currencies.
- Precious Metals: Gold and silver.
- Commodities: Oil and gas.
- Metals: Other industrial metals.
- Shares: Stocks from various companies.
- Cryptocurrencies: Major digital assets like Bitcoin and Ethereum.
Accounts
Moves Market offers types of account: forex trading accounts (Standard a/c, Commission a/c and STP a.c) and Bullion trading account (Standard a/c, Commissions a/c and STPs Pro a/c).
Leverage
Moves Market offers high leverage of up to 1:3000. Traders can control positions up to 3000 times larger than their initial margin deposit. Such high leverage allows traders to amplify their returns on trades, but it also increases the risk of large losses.
Spreads & Commissions
Moves Market offers spreads starting from 3.0 pips. In addition, Moves Market does not charge any commission on trades. This structure can be advantageous for frequent traders who prefer to avoid extra commission costs and focus on the cost associated with the spread alone.
Trading Platforms
Moves Market provides trading platforms, including:
- Desktop Trading Platform: Available for iOS, Windows, and Android, the Moves Market desktop platform offers trading with charting tools and real-time market data.
- Mobile App: The Moves Market mobile app ensures that traders can stay connected and manage their trades on the go. Available for both iOS and Android devices, the app also provides access to real-time quotes, account management, and trading functionality.
- MT4: Moves Market also supports MetaTrader 4 (MT4), a widely used trading platform known for its powerful charting tools, customizable indicators, and automated trading capabilities.
Customer Service
Customers can visit their office or get in touch with customer service line using the information provided below:
Live chat
Telephone: +1 758 285 74447 / +995 32 2 900 811
Email: info@movesmarkets.net
Address: Ground Floor, The Softheby Building, Rodney Bay, Gros-Islet, Saint Lucia P.O. Box 838, Castries, Saint Lucia
Moreover, clients could get in touch with this broker through the social media, such as Twitter and Instagram.
Moves Market offers online messaging as part of their trading platform. This allows traders to communicate with customer support or other traders directly through the platform.
Conclusion
Moves Market is a trading platform, offering a wide variety of instruments with high leverage of up to 1:3000 and multiple trading platforms, including its own desktop and mobile apps as well as MT4. It also offers a free minimum deposit and 24/7 customer support across various channels. However, its unregulated status and relatively high spreads starting from 3.0 pips pose risks and potential drawbacks for some users.
Q&A
Is Moves Market regulated by any financial authority？
No. It has been verified that this broker currently has no valid regulation.
What platform does Moves Market offer？
It offers Moves Market desktop trading platform (IOS, Windows and Android), mobile app and MT4.
What is the minimum deposit for Moves Market？
There is no minimum initial deposit to open an account.
At Moves Market, are there any regional restrictions for traders？
Yes. It does not provides services for the residents of the USA, Canada and Turkey.
Does Moves Market offer demo accounts？
Yes.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
