Overview of Markup Trade
Markup Trade, founded in 2017 and headquartered in Montenegro, offers a range of trading instruments including Forex, global indices, stocks, commodities, cryptocurrencies, and energies. However, it operates without regulation, which may pose concerns about fund safety and transparency.
Is Markup Trade Legit？
Markup Trade is not regulated by any recognized financial regulatory authority. As an unregulated broker, it operates without oversight from regulatory bodies that are responsible for ensuring compliance with industry standards and protecting the interests of traders. This lack of regulation raises concerns about the safety and security of funds, as well as the transparency of the broker's business practices.
Pros and Cons
Markup Trade presents traders with a diverse array of trading instruments, encompassing Forex, global indices, stocks, commodities, cryptocurrencies, and energies, providing ample opportunities for portfolio diversification. Additionally, the platform offers bonus incentives and educational resources to support traders' growth and learning. However, its lack of regulatory oversight raises concerns about fund safety and transparency, potentially deterring cautious investors.
Trading Instruments
MarkUP Trade offers a diverse range of trading instruments including Forex, Global Indices, Stocks, World Stock Exchanges, Commodities, Crypto, and Energies.
Here is a comparison table of trading instruments offered by different brokers:
Account Types
Markup Trade offers three account types: GOLD, PLATINUM, and VIP. Each account type includes features such as access to a demo account for testing, 24/5 customer support, free analysis, bonus offers, and special reports. Additionally, PLATINUM and VIP accounts provide spread discounts, with VIP accounts further offering customized reports, customized spreads, and swap-free options.
How to Open an Account
To open an account with Markup Trade, follow these steps.
Visit the Markup Trade website. Look for the “Login / Sign Up” button on the homepage and click on it.
Sign up on websites registration page.
Receive your personal account login from an automated email
Log in
Proceed to deposit funds to your account
Download the platform and start trading
Spreads and Commissions
Markup Trade offers spreads on its trading instruments, including floating spreads starting from 0.5 points, fixed spreads starting from 3 points, and zero spreads. Additionally, Markup Trade does not charge commissions on trades, ensuring transparent and straightforward pricing for traders.
Trading Platforms
Markup Trade offers the MetaTrader 5 trading platform, available on both mobile and desktop devices.
Customer Support
Markup Trade provides customer support via email and phone. Traders can reach out with questions or inquiries by emailing info@markuptrade.com or calling the provided phone number +382 20 677 886. The company has headquarters in Roseau, Dominica, and a branch in Podgorica, Montenegro.
Educational Resources
Markup Trade offers educational resources focused on Forex trading, including a Forex glossary, Forex trading guides, and technical analysis materials.
Bonus
Markup Trade's bonus offering includes a “Risk-Free Trading Assurance” promotion, covering traders' losses during an initial lock-in period of 5 days up to a maximum insurance amount of 500 USD, provided traders meet specific lot trading requirements. Profit withdrawals up to 500 USD are allowed after meeting the lot requirement, but incomplete lot trading results in deductions. This promotion is a one-time benefit and cannot be combined with other ongoing promotions.
Conclusion
In conclusion, Markup Trade offers traders a diverse selection of trading instruments, bonus incentives, and educational resources to support their trading journey. However, its lack of regulatory oversight poses potential risks concerning fund safety and transparency. Traders should weigh these advantages against the disadvantages when considering engaging with Markup Trade.
FAQs
Q: Is Markup Trade a regulated broker？
A: No, Markup Trade operates without regulation, which may raise concerns about fund safety and transparency.
Q: What trading instruments are available on Markup Trade？
A: Markup Trade offers a variety of trading instruments, including Forex, global indices, stocks, commodities, cryptocurrencies, and energies.
Q: Does Markup Trade offer educational resources for traders？
A: Yes, Markup Trade provides educational resources such as trading guides and technical analysis materials to assist traders in their learning journey.
Q: Are there any bonus offerings provided by Markup Trade？
A: Yes, Markup Trade offers bonus incentives to traders, providing additional benefits for their trading activities.
Q: How can I contact Markup Trade's customer support？
A: You can reach Markup Trade's customer support team via email at info@markuptrade.com or by phone at +382 20 677 886.
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. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then.
2023-12-19 23:30
