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/10

Pure Market

Vanuatu|5-10 years|
White label MT4|Regional Brokers|Clone Firm United Kingdom|Vanuatu Retail Forex License Revoked|Suspicious Overrun|High potential risk|

https://www.puremarketbroker.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

PureMGlobal-Live

MT4
5

Influence

C

Influence index NO.1

Italy 2.86

MT4/5 Identification

MT4/5 Identification

Full License

5
Server Name
PureMGlobal-Live MT4
Server Location

Influence

Influence

C

Influence index NO.1

Italy 2.86

Surpassed 42.62% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 20 36 088 986
info@puremarketbroker.com,support@puremarketbroker.com
https://www.puremarketbroker.com/
POT 615/204 Rock Terrace Building, Kumul Highway, Port Vila, Vanuatu

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 20 36 088 986

Broker Information

More

Company Name

Pure M Global

Company Abbreviation

Pure Market

Platform registered country and region

Vanuatu

Company website
Instagram

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 5
Previous Detection : 2024-05-26
  • The claimed United KingdomFCA regulation (license number: 725804) is verified as a clone firm. Please pay attention to the risk!
  • VanuatuVFSC (license number: 14801) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

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Pure Market · Company Summary

Pure Market Basic Information
Registered Country/Area Vanuatu
Founded year 2-5 years
Company Name Pure M Global
Regulation Suspicious Regulatory License
Minimum Deposit $100
Maximum Leverage 1:200
Spreads Not specified
Trading Platforms MetaTrader 4 and MetaTrader 5
Tradable Assets forex currency pairs, stocks, spot metals, indices CFDs, energy
Account Types MT4 Account, STP - FX & CFDs Account
Demo Account Not mentioned
Islamic Account Not mentioned
Customer Support Phone, Email
Payment Methods Wire Transfer, Neteller and Skrill, Cryptocurrency
Educational Tools Trade APIs, Slide-Charts, Market Trend Dashboard

Overview of Pure Market

Pure Market is a brokerage firm that operates in Vanuatu, an area known for its offshore financial services. With a history of 2-5 years in the industry, Pure Market is under the ownership of Pure M Global, and its regulatory license is considered suspicious. Pure Market offers a diverse range of options including forex currency pairs, stocks, spot metals, indices CFDs, and energy.

Pure Market provides different account types, including the MT4 Account and the STP - FX & CFDs Account, and its minimum deposit requirement is set at $100, which makes it accessible to a wide range of traders. The maximum leverage offered by Pure Market is 1:200, which can be attractive for those who seek higher trading potential.

While the spreads are not specified in the provided information, Pure Market offers access to popular trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are widely recognized for their user-friendly interfaces and advanced trading features, enabling traders to execute trades efficiently.

The customer support channels at Pure Market include phone and email, providing traders with multiple ways to get in touch with the company. However, the level of responsiveness and support quality is not specified in the provided information.

basic-info

Is Pure Market legit or a scam?

Initially, Pure Market was regulated by the Vanuatu Financial Services Commission (VFSC) in Vanuatu under regulatory license number 14801. However, it is disheartening to note that the license granted by the VFSC has since been revoked at the moment.

regulation

Adding to the disdain is the fact that Pure Market has attempted to cloak its operations under a false semblance of being operated by a company known as Price Market UK Limited, which, purportedly, held regulatory approval from the Financial Conduct Authority (FCA). Alas, this purported FCA license has been deemed as fraudulent, casting a shadow of doubt and eroding any notions of trust that may have been associated with this brokerage.

regulation

Pros and Cons

pros-cons
Pros Cons
Availability of MetaTrader 4 and MetaTrader 5 platforms Lack of regulatory oversight
Rich trading instruments Minimum deposit requirement of $100
High leverage of up to 1:200 Suspicious regulatory license
Acceptable minimum deposit of $200 Lack of transparency regarding spreads
Unavailable offcial website
No online chat available
lack of information about demo accounts and islamic accounts

Market Intruments

Pure Market offers a comprehensive array of market instruments to cater to the diverse needs and preferences of traders. These trading instruments include forex currency pairs, stocks, spot metals, indices CFDs, energy.

Forex currency pairs form a prominent component of the trading instruments provided by Pure Market. These currency pairs encompass major, minor, and exotic pairs.

market-instruments

In addition to forex, Pure Market extends its offerings to include stocks, allowing traders to participate in equity markets.

market-instruments

Spot metals occupy another segment of the trading instruments available through Pure Market.

Indices CFDs, representing baskets of stocks that reflect the overall performance of specific sectors or markets, are also offered by Pure Market.

market-instruments

Furthermore, Pure Market provides access to energy trading, allowing traders to participate in the commodities market by trading instruments such as oil and gas.

market-instruments

Account Types

Pure Market offers traders a choice between two types of trading accounts, each designed to cater to different trading preferences and requirements. These accounts, namely the MT4 Account and the STP - FX & CFDs Account, offer traders a platform to engage in the financial markets and pursue their trading strategies.

account-types

The MT4 Account, powered by the renowned MetaTrader 4 trading platform, well-suited for both novice and experienced traders. For traders seeking enhanced market access and competitive pricing, the STP - FX & CFDs Account serves as an enticing option. In terms of minimum deposit, Pure Market sets a reasonable threshold of $100 for both account types. This entry requirement allows traders with varying capital levels to participate in the financial markets.

It is worth noting that Pure Market extends leverage of up to 1:200 to its traders. This leverage facility provides traders with the opportunity to magnify their trading positions, potentially amplifying their profits or losses. While leverage can enhance trading opportunities, traders must exercise prudence and employ risk management strategies to ensure responsible trading practices.

Leverage

Pure Market provides traders with the advantage of leverage, enabling them to amplify their trading positions with up to 1:200 leverage ratio. Leverage acts as a double-edged sword, capable of magnifying both profits and losses. By utilizing leverage, traders can open larger positions and gain the ability to generate greater returns. This leverage facility allows traders to trade with a fraction of the required capital, making trading accessible to individuals with varying levels of financial resources. However, it is essential for traders to exercise caution and employ prudent risk management strategies when utilizing leverage.

leverage

Spreads & Commissions (Trading Fees)

Pure Market, in offering two types of trading accounts, does disclose the commission fees but does not specify the spreads for each account type.

For the MT4 Account, Pure Market employs a commission-based structure, with commission charges commencing at $30 per MillionFX trading volume. Additionally, the STP - FX & CFDs Account offered by Pure Market features a different commission structure. Notably, this account type waives commission fees for CFD trades. For transactions involving standard lots within the STP - FX & CFDs Account, Pure Market applies a commission fee of 6 EUR or 6.5 USD per standard lot.

Non-Trading Fees

Aside from spreads and commissions, it is important for traders to be aware of non-trading fees when considering a broker like Pure Market. These non-trading fees are charges that do not directly relate to the execution of trades but may still impact a trader's overall profitability and cost-effectiveness.

One such non-trading fee that traders may encounter is the inactivity fee. Inactivity fees are charged when an account remains dormant for an extended period without any trading activity. Another non-trading fee to consider is the withdrawal fee. Additionally, foreign exchange fees may also be applicable when using different currencies for transactions within the trading accounts.

Trading Platform

Pure Market provides traders with access to two popular and widely recognized trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

trading-platform

Firstly, both platforms offer a comprehensive range of trading instruments and assets, allowing traders to diversify their portfolios and take advantage of various market opportunities. Equities, indices, commodities, and an extensive selection of forex currency pairs are all accessible through these platforms.

Futhermore, both MT4 and MT5 come equipped with advanced charting tools, indicators, and analytical features. In addition to technical analysis, both platforms facilitate the use of automated trading systems, commonly known as Expert Advisors (EAs).

Deposit & Withdrawal

When it comes to deposit and withdrawals, among the payment methods accepted by Pure Market are Wire Transfer, Neteller, Skrill, and Cryptocurrency.

deposit-withdrawal

Customer Support

Clients can access customer support through multiple channels, including phone and email. Phone support is available through the phone number +44 20 36 088 986, enabling enabling clients to establish real-time communication with customer support representatives.

Email support is an additional avenue for clients to seek assistance from Pure Market's customer support team. The email addresses provided, including the following:

  • info@puremarketbroker.com

  • support@puremarketbroker.com

  • support@puremarketbroker.com

Educational Resources

Pure Market offers a range of educational resources and trading tools that facilitate informed decision-making and support clients in their trading activities.

One of the notable resources offered by Pure Market is the provision of Trade APIs (Application Programming Interfaces). In addition to Trade APIs, Pure Market offers Slide-Charts, a valuable visual representation of market data and price movements. Pure Market also provides a Market Trend Dashboard that serves as a resource for clients to stay updated on the latest market developments in real-time.

Is Pure Market suitable for beginners?

Pure Market may not be the most ideal choice for beginners considering several aspects. Firstly, the absence of a demo account poses a significant drawback. Without the opportunity to practice and gain hands-on experience in a risk-free environment, beginners may find it challenging to familiarize themselves with the trading platform, execute trades, and develop their trading strategies effectively.

Regulation is another area of concern. Pure Market may lack strong regulatory oversight, potentially exposing beginners to increased risks. Furthermore, poor customer support can significantly impede beginners' progress and confidence. Inadequate customer support may result in delayed responses, inaccurate information, or inadequate assistance. For beginners who often have numerous questions and require timely guidance, poor customer support can lead to frustration and hinder the learning process

Is Pure Market suitable for experienced traders?

Pure Market is not suitable for experienced traders, either. While the availability of the MT4 and MT5 platforms is advantageous, these benefits are overshadowed by the absence of regulatory oversight and transparency in spread disclosure. Experienced traders typically prioritize the security, credibility, and competitive trading conditions offered by regulated brokers. Additionally, the ability to assess trading costs is crucial for effective risk management and profitability. In light of these shortcomings, experienced traders would be better served by exploring alternative brokerage options that provide regulatory compliance, transparent spreads, and a reliable trading environment.

Conclusion

In conclusion, while Pure Market may seem enticing with its low initial deposit requirement, high leverage options, and availability of popular trading platforms such as MT4 and MT5, it is important to approach this broker with caution. The absence of regulatory oversight raises concerns regarding the overall security and accountability of the trading environment. Additionally, the lack of demo accounts may hamper prospective traders in thoroughly testing the platform and refining their strategies before committing real funds. Furthermore, the reported poor customer support further diminishes the appeal of Pure Market as a reliable and trustworthy broker.

FAQs

Q: Is Pure Market a regulated broker?

A: No, Pure Market is not regulated.

Q: What is the minimum deposit requirement for opening an account with Pure Market?

A: Pure Market requires a minimum deposit of $100 to open an account.

Q: What is the maximum leverage offered by Pure Market?

A: Pure Market offers leverage up to 1:200.

Q: What trading platforms are available at Pure Market?

A: Pure Market provides access to both MT4 and MT5 trading platforms.

Q: How competitive are the pricing and fees at Pure Market?

A: The pricing and fees at Pure Market should be compared with other brokers to ensure competitive charges and to avoid any hidden costs.

User Reviews

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6

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Geeky
more than one year
Trading with Pure Market? It's been okay. Their service - pretty solid and the communication was spot on. Uri, one of their brokers, was really good at finding deals within my budget. That was neat. What wasn’t so neat was their fee structure. High commission, charges for opening and closing trades, even a withdrawal fee. All those costs started eating into my profits. That's something I didn't experience with other brokers. On a brighter note, their customer support was prompt and withdrawals were smooth. After a year of trading though, I’m still waiting to see some serious profits. To sum up, Pure Market has its upsides but the downsides are there too.
2024-05-15 13:39
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Gaoufg
more than one year
Honestly, it's a big scam. They lured me in with a $50 welcome bonus, but when I made some profits and tried to withdraw, they rejected my request, citing some bogus "no-deposit bonus account" violation and wiped out all my profits. They use the welcome bonus as bait to deceive people.
2024-03-10 23:00
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0
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Zkara
more than one year
The lack of clarity on spreads is another drawback, leaving traders in the dark about potential costs. Additionally, there is no official website available, and the absence of online chat makes it challenging to get immediate assistance. Considering the dubious regulatory history, I would advise caution and thorough research before considering Pure Market for trading.
2023-12-11 18:19
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0
0
H22117
more than one year
I had a rather disappointing experience with Pure Market. Firstly, their regulatory license is suspicious, and I discovered that the license from the Vanuatu Financial Services Commission has been revoked. Moreover, the attempt to operate under a false identity with Price Market UK Limited and a fraudulent FCA license raises serious concerns about the transparency and integrity of this brokerage.
2023-12-08 17:02
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0
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FX1467640360
more than one year
Opening an account with these guys is an absolute nightmare. They make you jump through hoops, asking for all sorts of documents, and it takes forever. It's like they want to see just how desperate you are to trade. And don't get me started on their spreads, they're straight-up highway robbery. It's impossible to make any real cash with their crazy high spreads. And the fees? Ugh, don't even get me started. Every time you want to deposit or withdraw, they hit you with some sneaky charges. It's like they're out to drain your pocket. As for their customer service, let's just say it's a total joke. You're lucky to get a response, and when you do, it's not even helpful.
2023-07-14 13:36
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0
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Ln
more than one year
If you look for brokers to trade with, please ignore Pure Market. It is a very bad and cheap broker, offering you fake spreads and trading conditions, slow order execution, and its customer service were very unprofessional… Please don’t come, guys.
2023-03-13 10:27
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