Note: At first, years ago, I believed that MarketsWorld was a scam since I received many complaints about them. Later on, I found that they became regulated and thought they had mended their ways so I gave them another shot. That’s when I wrote the below review, which as you will be able to see for yourself is quite positive. Lately however I’m having doubts about them again. The reason is twofold. First, I heard that some of their partners were not getting paid even though they were owed money. In fact, they even terminated their contract with the owner of ObjectiveBinaryOptions.com without even giving him a notice. Secondly, although they are regulated, they are providing service in countries where it is illegal to do so, such as the US, Australia, Canada and Israel. Therefore, it’s very possible that they will get shut down when authorities find out. So if you decide to work with MarketsWorld, I recommend making a minimal deposit or just using their excellent free demo account. For safer choices, please visit my Regulated Brokers page.
And now… to the review!
Given the high-profile of its binary options operation, Marketsworld is definitely deserving of a full and complete review on my part. Besides binary options, the broker also offers Forex services. The company behind the operation is MarketsTheWorld Ltd. and it’s based on the Isle of Man. Regulated by the local Gambling Supervision Commission, Marketsworld has been a licensed broker since 2011. The reasons why I like this binary option operator are numerous.
They have thorough protections in place regarding the funds of their traders and they offer some of the highest returns in the business. Their trade order execution speed is also quite outstanding. The operation is periodically reviewed and audited by Isle of Man government regulators, to make sure that the prices they offer aren’t manipulated in any way. The bottom line is that the operation is a solid and reliable one, featuring decent withdrawal times and absolutely outstanding minimums, deposit- as well as investment-wise.
Marketsworld also feature a great education section, in which they detail the differences between binary options and other, “traditional” investment methods. Spread betting and CFDs are also considered in this regard. I personally prefer to trade binary options with this operator only, despite the fact that their underlying asset selection is rather limited in this regard. Still, I have all my favorite currency pairs and commodities, and I don’t really care about outliers such as coffee and bananas. The fixed risk aspect is obviously one of the biggest advantages of binary options, but there’s also the fact that there aren’t any broker fees and stamp duties involved, and that large profits can be realized with relatively small investments.
The minimums featured by the operator are guaranteed to attract scores of beginners, hence this focus on the basics and education. The site offers beginners a full How to Trade guide, and more importantly, a no-strings-attached demo account, with 5,000 practice credits in its balance. These demo accounts can be upgraded to real money accounts once the trader feels he/she is ready for the leap. One has to bear in mind though that no trades can be placed on credit at Marketsworld.
Withdrawals represent one of the most important aspects of a binary option broker in my opinion. Therefore, I make a point of delivering as much information about withdrawals as possible in my reviews.
The minimums on withdrawals are set to USD10/EUR10/GBP10, below which the broker cannot process requests. There is no upper limit on Marketsworld withdrawals. It is indeed possibly to cash out one’s entire balance at any time.
Cash-out requests can be cancelled, but there is no limit on how often one can request a withdrawal. Making such a request is very simple: one has to access the Deposit and Withdrawal section, through the Your Account page. According to the withdrawal processing procedure, withdrawals are made through the same method in which the trader has made his/her deposit. The oldest deposits are considered first, then, as more money gets withdrawn, newer deposits are lined up as well.
Withdrawals are always processed within one business day and the money thus cleared will land in the trader’s account within 2-7 business days.
In order to prevent fraud and money laundering, Marketsworld does not accept withdrawal requests made within 48 hours from one’s last deposit.
To have their accounts verified, and thus cleared for withdrawals, traders will be required to provide a number of documents, such as documents regarding proof of identity, proof of residence, as well as copies of the credit/debit cards used for the deposits.
Payouts and Features
As I stated above, the payout rates offered by Marketsworld are some of the best in the business. As far as maximums are concerned, we’re looking at 90% in this regard, though it has to be stressed that most payouts will be lower than that. During special periods of increased market volatility, the return rates on some options can be as low as 60%.
Though its underlying asset selection is rather limited, Marketsworld lets its traders place several trades at a time. Simultaneous trades can be placed on the same asset with the same expiry time, as well as on different assets with different expiry times.
The Marketsworld platform is extremely simple and easy to use. Its charting features aren’t exactly impressive, but they do accomplish what they’re supposed to. The operator offers mobile trading apps too, for Android as well as iOS-based mobile devices.
Minimum Deposit and Incentives
The minimums featured by Marketsworld are some of the best in the industry. Traders are only required to deposit USD/EUR/GBP 10 to get a real money account going. The minimum stake on options is USD/EUR/GBP 1, which does indeed give traders plenty of flexibility capital management-wise.
Perhaps the most intriguing thing about this operator is the fact though that it offers a wealth of bonuses, rewards and benefits. Those making their first trade for instance, can claim the money back in case of a loss, up to USD/EUR/GBP 50. This risk-free trade deal only applies to one’s very first trade though. The money that one gets back as part of this promotion is bonus money, and it has to be treated as such. The rollover requirements on this bonus are more than reasonable though: the money has to be traded once, in order to become cleared for withdrawal.
Those looking for more bonus money can opt for a 100% match on their first deposits, up to USD/EUR/GBP 1,000. The problem with this reward is though that it has to be turned over 50 times before it can be withdrawn.
Yet another way to pick up a bonus is to refer a friend. In this case, the trader doing the referring gets a 100% match on the friend’s first deposit, up to a maximum of USD/EUR/GBP 500. This bonus money needs to be rolled over 50 times by the referred trader and then 50 more times by the referrer to be cleared for withdrawal.
The Marketsworld support staff is available 24/7. The handiest way to contact them is through the Live Chat feature offered by the operator. The support email is firstname.lastname@example.org, and there is a UK phone number available as well: +44 (0) 1624 679 022.
Marketsworld’s Monthly Loyalty Reward
Marketsworld are probably the only broker to offer such a reward to their clients. All one needs to do to claim this reward is to go about his/her trading as usual. The broker tracks one’s monthly activity, and if it’s deemed worthy, bonus money will be issued at the end of the month.
I personally like Marketsworld: they’re regulated, they offer superb minimums and some decent bonus deals. Their return rates are above industry-average on most tradable assets, and their trading platform is decent as well. Their demo account is a superb addition to an already attractive offer.
However, as I mentioned in the opening paragraph, there’s a big downside to working with MarketsWorld. Therefore, I only recommend working with MarketsWorld free demo account or depositing small amounts. Better alternative include:
For US traders – Nadex
Canadians, sorry, but there is no good binary options broker that is available in Canada at the moment. I will provide an update if the situation changes. If you’re interested in Forex trading on the other hand there are quite a few great Forex brokers that are available in Canada, such as MarketsYes.