Marketsall Information
Marketsall is an offshore regulated brokerage company registered in Mauritius. This firm boasts its wide selection of investment options and its advanced platforms like Ctrader and MT5. Marketsall provides five account types and 24/7 customer support. However, these accounts charge a much higher fee at the lower tier. And limited information about trading fees for shares, indices, and cryptocurrencies is another drawback.
Pros and Cons
Is Marketsall Legit?
Marketsall is officially licensed and offshore regulated by The Financial Services Commission (FSC) in Mauritius under license number GB23201682.
What Can I Trade on Marketsall?
Investing is kind of like a buffet--there are lots of things to choose from. And spreading your money across different investments is a good thing if it helps manage risk. The more diverse your portfolio is, the better. When the stocks in your portfolio aren't doing so well, for example, your cryptocurrencies might help give your portfolio a boost. With Marketsall, you can make a diversified portfolio in 5 asset classes, including forex, indices, commodities, shares, and cryptocurrencies.
There's no ETFs trading or bonds trading. But overall, you still have a good mix of investment options.
Account Types
It's not unusual for online brokerages to offer different account tiers. The upside of tiered accounts is that you might pay less in fees the more you invest. And fewer fees are good because it means you keep more of your investment returns.
Marketsall has different account tiers that vary based on increasing asset size. Tighter spreads, lower commission fees and more advanced educational lessons are available as your investment grows. If you're interested in investing here, you can open Standard, Silver, Gold, Platnium and VIP account.
Daily News and the same investment options are accessible for all tiers. If you invest at least $100,000, you'll get spreads from 0.2 pips and $0.04 per contract for crude oil trades. If you are a beginning investor, the Standard account could be a good fit for you as the minimum deposit amount is only $100. However, spreads and commission fees are much higher compared to VIP account.
Marketsall Fees
Keeping an eye on investment fees matters. The more fees you pay, the more they eat into your returns. With Marketsall, the fees depend on the account types. For example, the spreads for EUR/USD are as follows:
- Standard account: 2.6 pips
- Silver account: 2.2 pips
- Gold account: 1.7 pips
- Platinum account: 0.8 pips
- VIP account: 0.2 pips
Likewise, the commission fees for crude oil are between $0.11 per contract and $0.04 per contract. The only way to reduce the fee is to invest more money. However, regarding trading fees for shares, indices, and cryptocurrencies, there is no available information on the website.
Trading Platform
Marketsall provides its proprietary trading platform, namely Ctrader. This platfom is available for both desktop and mobile users. You can install it on Windows, MAC, IOS, and Android devices. Marketsall boasts of its user-friendly interface and advanced features.
Other popular platform MT5 and Web Trader are also available here. So there are lots of choices.
Customer Support Options
For any question you might have, help is available 24/7 by online chat, phone (+44 203 769 90 36) or email (info@marketsall.com). You can also dig into their social media channels (Facebook, Youtube, Twitter, etc) or hit a button on an online message box.
The Bottom Line
Marketsall makes building a diversified portfolio easier with its wide selection of investment options. Its user-friendly platforms and various educational rescources could be selling points for beginning investors. However, the offshore-regulated status and relatively higher fees are the obvious drawbacks. Before choosing a brokerage, remember to consider cost and potential risks.
FAQs
Is Marketsall safe?
Marketsall is an offshore regulated brokerage firm. Offshore regulators often have less stringent rules compared to their onshore counterparts. It might be safer to choose brokers that are overseen by a top-tier and stringent regulator.
Is Marketsall good for beginners?
Marketsall provides a great platform for beginners, because of its simple interface and 24/7 customer service.
What account types does Marketsall have?
Marketsall offers five account types: Standard, Silver, Gold, Platinum, and VIP.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for every client.
