Markets Bank Review

General Information

Broker Name: Markets Bank

Broker Type: Forex & CFDs

Country: United Kingdom

Operating since year: 2022

Regulation: –

Address: Great Portland Street, First Floor, London, W1W7LT England

Broker status: Active

 

Customer Service

Phone: +442045770547

Email:  [email protected]

Languages: English

Availability: 24/7

Trading

The Trading platforms: Proprietary

Trading platform Time zone: /

Demo account: No

Mobile trading: Yes    

Web-based trading: Yes

Bonuses: Yes

Other trading instruments: Yes

Account

Minimum deposit: $10,000

Maximal leverage: /

Spread: 0.0 pips

Scalping allowed: Yes

 

CONTENT 

• General Information & First Impressions
• Fund and Account Security
• The Trading Accounts
• Markets Bank’s Trading Platform 
• Markets Bank’s Trading Products 
• Customer Service at Markets Bank
• Conclusion

 

Broker Review: Markets Bank

General Information & First Impressions

Markets Bank is a new online CFDs and forex brokerage that offers a wide variety of trading services. The broker puts a strong emphasis on accessibility while maintaining a high degree of technical potency. Our Markets Bank review will focus on its trading conditions and other important factors. That will allow you to paint an accurate picture of the broker and decide whether they’re the right trading choice for you. 

One of the key aspects of Markets Bank is that it tries to offer a personalized trading experience. Now, that doesn’t mean you can do whatever you want, but the broker does well in accomodating different traders. As you’ll see later on, it does well to balance out budget users and those that are more unrestricted. On top of that it has something for every trader, regardless of their skill level.

That makes marketsbank.com one of the more open and versatile brokerages out there. Not only can you trade whatever your style and knowledge level is, but you can also grow and adjust as you use the broker. That way, Markets Bank establishes itself as a truly liberating trading experience. That ties in with their philosophy of giving everyone personalized trading.

Of course, that also requires a high degree of accessibility, which Markets Bank delivers on. The website is simple to navigate and feeds users information in a progressive manner. That eliminates the overwhelming feeling some newer traders tend to feel when exploring unfamiliar brokerages. Markets Bank tells you the key features without skirting around the point.

As you can probably tell, we’re quite optimistic for the rest of our marketsbank.com review. The broker laid down a solid foundation, and now all it needs to do is build on it.

Fund and Account Security

Safety is always a huge concern when it comes to joining a new brokerage. That especially goes for newer brokers that haven’t had the time to establish a reputation yet. However, we found that, with careful research, you can discern companies that are out to trick you from actual service providers. Of course, that’s not a skill a new trader would have, but that’s where we come in. As a part of our Markets Bank review, we went over its trust and security, and we’d like to present our thoughts. 

The first thing we noticed is that the broker operates from the United Kingdom, which is quite strict on brokerages. Just by running its company from there, the broker proves it’s not messing around and is serious about safety. 

If you’re unaware, a broker’s country largely impacts how it’s run and what it can get away with. Each broker needs to comply with local legislation, which is stricter in some places than others. Scam brokers usually go to places with loose legislation so that they can carry out their fraudulent intentions. When a broker willingly chooses to operate from a tougher spot to ensure user safety, it speaks of its character.

Next, there’s also the fact that we found nothing suspicious upon going over the formal documentation on marketsbank.com. That’s usually where the scam brokers try and legitimize their malicious actions, so it gives us a great deal of confidence. Along the same line, it’s also commendable that the info on the website is clear-cut and simple to understand. It shows the broker’s intent to be straightforward with its customers.

Additionally, we should mention encryption and account authenticators as additional security measures. Markets Bank put them in place to ensure nobody but yourself can access your account and funds.

The Trading Accounts

As we said earlier in our Markets Bank review, one of the broker’s key features is personalization. And, of course, a large part of that hinges on the broker’s account structure itself. That includes the exact features the different accounts provide as well as the broker’s unique treatment.

The account structure itself is familiar to anyone that’s been in the trading world for a while. There are different tiers of accounts that suit those with different budget preferences. Where Markets Bank stands out is that it also provides its traders with an account manager from the very start.

As soon as you open a live account, you can talk with someone that represents the brokerage. The personalization comes from them fulfilling your requests. Of course, that’s assuming that you’re asking for something reasonable. 

Naturally, that isn’t everything you get from the different accounts. As you climb up the ladder, you get extra assistance, as well as a slight increase in trading conditions. Each account is stronger than the previous, so upgrading is encouraged, although by no means mandatory. We should also note that you can trade with all the money you deposit. In other words, the accounts themselves don’t have a cost, although reaching the deposit thresholds may be tricky. 

Overall, we believe the structure goes a long way towards making the broker more open and welcoming. The existing conditions are strong, and you can always ask for slight modifications. Here are the accounts you can expect to see on marketsbank.com:

Bronze Account

• Minimum Deposit: $10,000
• Personal Account Manager
• Trading Platform Introduction
• Risk Management Strategies and Guidance
• Basic Market Education Sessions

Silver Account

• Minimum Deposit: $25,000
• Personal Account Manager
• Trading Platform Introduction
• Risk Management Strategies and Guidance
• Basic Market Education Sessions
• Personalized Trading Alerts

Gold Account

• Minimum Deposit: $50,000
• Personal Account Manager
• Trading Platform Introduction
• Risk Management Strategies and Guidance
• Basic Market Education Sessions
• Personalized Trading Alerts
• Risk-Free Trades
• Practical Guided Trading Sessions

Premium Account

• Minimum Deposit: $100,000
• Personal Account Manager
• Trading Platform Introduction
• Risk Management Strategies and Guidance
• Basic Market Education Sessions
• Personalized Trading Alerts
• Risk-Free Trades
• Practical Guided Trading Sessions
• Eligible for the Markets Bank Managed Account Service

Platinum Account

• Minimum Deposit: $250,000
• Personal Account Manager
• Trading Platform Introduction
• Risk Management Strategies and Guidance
• Basic Market Education Sessions
• Personalized Trading Alerts
• Risk-Free Trades
• Practical Guided Trading Sessions
• Eligible for the Markets Bank Managed Account Service
• Higher Leverage

Markets Bank’s Trading Platform

Markets Bank’s platform follows the rest of its service in spirit. It matches the accessibility and openness that the broker emphasizes in every aspect of its service. Altogether, the platform ties together what you get in other areas the brokerage offers. It’s accessible with a simple interface while remaining a potent trading tool.

The platform includes common automation and analysis features that experienced traders expect. You can put stop losses and take wins so that you don’t need to be glued to your screen all day. On top of that, there are multiple chart types and execution orders supported. That means the broker is quite versatile when it comes to predicting trade outcomes.

The last thing we need to say in our Markets Bank review when talking about its platform are the different options. You can open it as a terminal if you want the best optimization or on mobile if you want to trade on the move. The middle ground is the web platform, which is easy to access while running on more powerful computer hardware.

Markets Bank’s Trading Products

Markets Bank has a solid variety of assets available through CFDs. And while CFDs have a questionable reputation in the trading world, they’re entirely normal assets as long as you avoid misinformation. You likely won’t get rich overnight, and you shouldn’t overleverage your trades. As long as you stay in a sound trading mindset, you won’t run into any issues with CFDs.

The trading product variety also plays towards the broker’s strengths as one of its primary advantages is versatility. As such, the ability to trade any asset class goes hand in hand with attracting diverse trader groups. Here are the trading instrument categories at marketsbank.com:

• Stocks
• Currencies
• Indices
• Commodities

Customer Service at Markets Bank

Markets Bank’s customer support follows a fairly standard setup that’s tried and true in the brokerage world. It allows the broker to respond quickly while keeping its customer support representatives refreshed. As such, the communication is both effective and pleasant. You can reach the broker around the clock via phone or email.

 

Phone: +442045770547

Email:  [email protected]

 

Markets Bank Review: Conclusion

Our thoughts on the broker should be fairly apparent if you’ve read the rest of our Markets Bank review. The broker provides strong baseline conditions that offer traders a good trading experience by itself. However, where it shines is the fact that the broker also offers a degree of customization. And while that may not mean much to newer traders, it’s extremely beneficial to traders who know what they like.

The firm is technically potent, with excellent financial conditions supported by a top-notch platform. The asset variety is noticeable, with the broker beating out a lot of mainstream competitors. Altogether, the broker doesn’t leave much to be desired.

If you’re searching for a new place as your long-term trading hub, Markets Bank should be a strong consideration. As you can see from our marketsbank.com review, we doubt you’ll end up disappointed.