Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10
The WikiFX Score of this broker is reduced because of too many complaints!

Price Markets

United Kingdom|5-10 years|
Regulated in United Kingdom|Suspicious Regulatory License|MT4 Full License|Regional Brokers|United Kingdom Straight Through Processing(STP) Revoked|High potential risk|

https://pricemarkets.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

PriceMarkets-LiveLD

United Kingdom
MT4
3

Influence

D

Influence index NO.1

United States 2.52
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

3
Server Name
PriceMarkets-LiveLD MT4
Server Location United Kingdom

Influence

Influence

D

Influence index NO.1

United States 2.52

Surpassed 90.87% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 20 3290 00 88
customers@pricemarkets.com
https://pricemarkets.com/
Northside House, Mount Pleasant, Barnet, EN4 9EB, United Kingdom.

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 3290 00 88

Broker Information

More

Company Name

Price Markets UK Ltd

Company Abbreviation

Price Markets

Platform registered country and region

United Kingdom

Company website
Twitter
Facebook

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 4
Previous Detection : 2024-04-16
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 10 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Users who viewed Price Markets also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

MultiBank Group

8.59
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

AUS GLOBAL

7.54
Score
5-10 yearsRegulated in CyprusMarket Making(MM)MT4 Full License
Official website

KCM Trade

7.74
Score
5-10 yearsStraight Through Processing(STP)MT4 Full License
Official website
Pyramid scheme complaint
Expose

    Price Markets · Company Summary

    Aspect Information
    Registered Country United Kingdom
    Company Name Price Markets UK Ltd
    Regulation Revoked (Previously regulated by FCA)
    Minimum Deposit Standard Account: $5,000
    Maximum Leverage Standard Account: Up to 30:1, FIX API: Up to 200:1
    Spreads Standard Account: Starting from 0.3 pips, FIX API: Starting from 0.3 pips
    Trading Platforms MetaTrader 4, MT4 WebTrader, MT4 for Android and iOS
    Tradable Assets Forex, Indices, Commodities, CFDs, Cryptocurrencies, ETFs
    Account Types Standard Account, FIX API Account
    Customer Support Email and phone
    Payment Methods BankWire, Skrill, CardPay, Other Online Payment Systems
    Educational Tools Limited educational resources

    General Information

    Price Markets is a UK-registered online forex and brokerage firm, established in 2013. Price Markets UK Ltd, once regulated by the FCA, now faces regulatory challenges. With a steep $5,000 minimum deposit requirement and an inaccessible website, it presents hurdles for traders. The broker offers limited educational resources, relying mainly on email and phone for customer support, which lacks a live chat option and 24/7 availability. In summary, Price Markets has regulatory and accessibility issues, limited educational support, and less diverse customer service, making it a challenging choice for traders.

    overview

    Regulation

    Unregulated. The current regulatory status of Price Markets UK Ltd, as indicated by the provided information, is “Revoked.” This means that their license to operate as a financial institution has been withdrawn or revoked by the regulatory authority, which in this case is the Financial Conduct Authority (FCA) in the United Kingdom. When a broker's license is revoked, it signifies that they are no longer authorized to provide financial services or engage in regulated financial activities in the jurisdiction covered by the regulatory authority.

    Traders and potential clients should take this regulatory status seriously and exercise caution when dealing with a broker whose license has been revoked. It is advisable to thoroughly investigate the reasons behind the revocation and consider the potential risks associated with trading or conducting financial transactions with such a broker. Additionally, individuals should seek updated information from the relevant regulatory authority and consider alternative brokers with active and valid regulatory licenses to ensure the safety and security of their financial activities.

    regulation

    Pros and Cons

    Pros Cons
    • Diverse Range of Trading Instruments
    • Revoked Regulatory Status
    • Tiered Account Types for Different Traders
    • Limited Educational Resources
    • Competitive Spreads and Commissions
    • Limited Customer Support Options
    • Multiple Deposit and Withdrawal Options
    • Regulation status
    • User-Friendly MetaTrader 4 Platform
    • Professional Account Options

    Price Markets offers a diverse range of trading instruments across various financial markets, making it suitable for traders with different strategies. They provide tiered account types catering to various trader profiles and offer competitive spreads and commissions, enhancing the trading experience. The availability of multiple deposit and withdrawal options adds to the convenience. The user-friendly MetaTrader 4 platform further facilitates efficient trading. However, it's crucial to note the revoked regulatory status, which raises concerns about the broker's reliability. Additionally, the limited educational resources and customer support options may not fully meet the needs of all traders. Therefore, traders should exercise caution and consider their preferences and risk tolerance when choosing Price Markets as their broker.

    Market Instruments

    Price Markets offers a diverse range of trading instruments across various financial markets, catering to traders with different strategies and preferences. Here's a breakdown of the market instruments the broker provides:

    • Foreign Exchange (Forex): Forex is the most liquid market globally, with over $5 trillion traded daily. Traders can buy or sell different currency pairs at current or predetermined prices. Major, minor, and exotic currency pairs are available for trading.

    • Indices: Index trading involves groups of global stocks, such as NASDAQ, FTSE, and DAX. These indices represent the value of specific stock market sections. Trading indices allow diversification across multiple stocks.

    • Commodities: Commodity markets include products like oil, gas, metals, and agricultural goods. Commodity trading often involves futures contracts and can be a safe haven during economic uncertainty.

    • CFD Trading (Contract for Difference): CFDs offer speculation on price movements in various financial markets, including currencies, shares, commodities, and indices. Traders can profit from both rising and falling markets without owning the underlying assets.

    • Cryptocurrencies:Cryptocurrencies involve trading digital tokens like Bitcoin and Ethereum. Price Markets allow speculation on cryptocurrency price movements via CFDs.

    • Exchange-Traded Funds (ETFs): ETFs are investment funds traded on stock markets. They hold various assets such as bonds, commodities, and stocks, providing diversification options.

    Price Markets Account Types

    There are two types of trading accounts set up on the Price Markets platform, the standard account and the FIX API account. The minimum initial deposit for a Standard account is $5,000, while the minimum initial deposit for a FIX API account is $50,000. Objectively speaking, the minimum initial deposit set by Price Markets seems too high, and investors should be aware of the risks.

    Price Markets offers a tiered approach to trading accounts, providing traders with options that suit their experience level and trading preferences. These accounts are designed to offer different features and benefits to cater to a wide range of traders. Here's a detailed description of the account types:

    1. Standard Account: The Standard Account is suitable for retail customers looking to start their trading journey. It requires a minimum deposit of $5,000, making it accessible to traders with a moderate initial capital. Currencies available for account denomination include GBP, USD, EUR, CHF, and JPY. Traders can access a variety of trading instruments, including forex, commodities, and indices. The account offers access to the popular MetaTrader 4 platform, available on web and mobile devices. Additional benefits include negative account balance protection, up to £50,000 FSCS protection, low-latency NY4 ECN execution, and competitive commissions.

    2. FIX API Account: The FIX API Account is designed for elective professional traders with a higher level of trading experience. It requires a minimum deposit of $50,000, making it suitable for traders with a substantial capital base. Similar to the Standard Account, it supports account denominations in GBP, USD, EUR, CHF, and JPY. Traders have access to a wide range of trading instruments, including forex, commodities, and indices. The FIX API Account provides flexibility by offering access to FIX, MetaTrader 4, and web or mobile platforms. It boasts low-latency NY4 or LD4 ECN execution and competitive commissions, starting as low as $8 per million USD traded.

    Price Markets offers Percentage Allocation Management Module (PAMM) and Multi-Account Manager (MAM) accounts, ideal for licensed professional traders looking to manage multiple client accounts efficiently. These options provide flexibility and support for various strategies.

    Here's a summary table of the Price Markets trading account types:

    Account Type Minimum Deposit Account Denominations Trading Instruments Platform Options Key Features
    Standard Account $5,000 GBP, USD, EUR, CHF, JPY Forex, Commodities, Indices MetaTrader 4 (Web/Mobile) Negative balance protection, FSCS protection, low-latency execution, competitive commissions
    FIX API Account $50,000 GBP, USD, EUR, CHF, JPY Forex, Commodities, Indices FIX, MetaTrader 4 (Web/Mobile) Low-latency execution, access to multiple liquidity providers, competitive commissions

    Price Markets' tiered account structure allows traders to select the account type that aligns with their trading goals, experience level, and capital resources. Whether you're a retail trader or an experienced professional, Price Markets provides options tailored to your needs.

    Price Markets Leverage

    The Minimum trading leverage can reach 30 times for Forex, Commodities, and Indices for Standard accounts and 200 times for FIX API accounts.

    leverage

    Spreads & Commissions

    Price Markets offers spreads of 0.3 pips on EURUSD, 1.5 pips on EURGBP, with the commission of $3.5 per side, 5 pips on AUS200 with the commission of 25 basis points per lot per side, 0.04 pips on USOil, and 5 pips on UKOil (both $3.5 per lot ). Gold & Silver, both come with a commission of $3.5 per lot per side.

    Trading Platforms

    Price Markets offers four trading platform options for investors, namely the popular MT4 trading platform, WEB trading platform, API trading platform, iOS & Android trading platform.

    trading-platform

    Deposit & Withdrawal

    Deposit Options:

    Price Markets offers several deposit methods for traders to fund their accounts. These methods include:

    1. BankWire: Traders can make deposits via bank wire transfers. This method allows for secure and direct transfers from the trader's bank account to their trading account. BankWire deposits are a reliable option for larger sums of money.

    2. Skrill: Skrill is an online payment system that allows traders to fund their accounts quickly and securely. Skrill is known for its convenience and accessibility, making it a popular choice for online transactions.

    3. CardPay: CardPay offers the ability to deposit funds using credit or debit cards, including Visa, Maestro, and Mastercard. This option is convenient for traders who prefer using their cards for transactions.

    4. Other Online Payment Systems: Price Markets also supports various other online payment systems, including iDeal, EPay, Przelewy24, Rapid Transfer, Nordea Solo, Klarna (formerly Sofort), POLi, Giropay, and Allied Irish Bank.

    Each deposit method may have its own associated fees and processing times, so traders should review the specific details for the method they intend to use.

    Withdrawal Options:

    Price Markets provides options for traders to withdraw funds from their trading accounts. The withdrawal methods include:

    1. BankWire: Similar to deposits, traders can choose to withdraw funds via bank wire transfers. BankWire withdrawals offer a secure way to transfer funds from the trading account to the trader's bank account.

    2. Skrill: Skrill can also be used for withdrawals, providing a convenient way for traders to access their funds.

    3. CardPay: CardPay allows for withdrawals, offering flexibility for traders who initially used their cards for deposits.

    It's important to note that withdrawal fees and processing times may vary depending on the chosen withdrawal method. Additionally, Price Markets typically does not allow third-party bank deposits or withdrawals to enhance security and prevent unauthorized transactions.

    deposit-withdrawal

    Customer Support

    Price Markets head office is located in the City of London, United Kingdom. Clients get 24/5 support and can reach the support team via live chat, telephone or email. You can connect with them through Google, Facebook, Twitter and LinkedIn. There is also a contact form on the website if you would like to send them a message that way.

    Accepetd Regions

    Price Markets can accept clients from all over the globe apart from the USA and some other countries where there are restrictions in place that prevent them from doing so.

    Customer Support

    Price Markets offers customer support primarily through email and phone. However, it's important to note that the availability of customer support in a negative tone is limited when compared to some other brokers in the industry. Here's a description of Price Markets' customer support in a critical tone:

    Price Markets primarily relies on email and phone for customer support, which may not meet the expectations of traders who prefer more diverse and immediate communication channels. While they do offer a phone number, the lack of a live chat option or a dedicated customer support portal could be seen as a drawback for traders seeking quick assistance or access to a comprehensive knowledge base. Additionally, the absence of 24/7 customer support might inconvenience traders in different time zones who require assistance outside standard business hours. Overall, Price Markets' customer support options may not fully align with the preferences and needs of all traders.

    Educational Resources

    Price Markets offers a limited selection of educational resources to assist traders in their trading endeavors. These resources include user manuals, guides, tutorials, and FAQs, which cover essential trading concepts and platform navigation. However, it's important to note that the depth and variety of educational materials may not be as extensive as those offered by some other brokers. Traders seeking comprehensive educational content, such as webinars or video tutorials, may find Price Markets' offerings somewhat limited. While these resources provide a starting point for traders looking to enhance their knowledge, there is room for expansion to better cater to traders with diverse learning preferences and experience levels.

    Summary

    Price Markets offers a diverse range of trading instruments, including Forex, Indices, Commodities, CFDs, Cryptocurrencies, and ETFs. They have tiered accounts like Standard and FIX API for various traders. Leverage ranges from 30:1 to 200:1, depending on the account and instrument. Spreads start at 0.3 pips, with commissions varying by account and asset.

    Deposits are possible through bank wire, Skrill, and CardPay, with withdrawals using bank wire and Skrill. They offer MetaTrader 4 for trading.

    However, their customer support mainly relies on email and phone, lacking live chat and 24/7 service. Educational resources are limited, including manuals, guides, tutorials, and FAQs. Price Markets caters to traders but may not fully meet the needs of those seeking extensive educational content and diverse support options.

    FAQs

    Q1: What trading instruments are available at Price Markets?

    A1: Price Markets offers a wide range of instruments, including Forex, Indices, Commodities, CFDs, Cryptocurrencies, and ETFs.

    Q2: What is the minimum deposit required for a Standard Account?

    A2: The Standard Account requires a minimum deposit of $5,000.

    Q3: How much leverage is offered for the FIX API Account?

    A3: The FIX API Account provides leverage of up to 200:1 for eligible professional traders.

    Q4: What deposit methods can I use at Price Markets?

    A4: You can deposit funds via bank wire, Skrill, CardPay, and various other online payment systems.

    Q5: What trading platform does Price Markets offer?

    A5: Price Markets offers the popular MetaTrader 4 (MT4) platform, along with MT4 WebTrader for web-based trading and mobile apps for Android and iOS.

    User Reviews

    Sort by content

    • Sort by content
    • Sort by time

    User comment

    1

    Comments

    Write a review

    FX1141094681
    more than one year
    Price Markets has a reliable regulatory license, but it is also a liar. I am very afraid. Is there any reliable broker in the forex industry?
    2022-12-12 10:23
    Reply
    0
    0
    10
    TOP
    Select Country/District
    United States
    ※ The content of this website abides with local laws and regulations.
    You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
    consumer hotline:006531290538
    Official Email:support@wikifx.com;
    Mobile Phone Number:234 706 777 7762;61 449895363
    Telegram:+60 103342306
    Whatsapp:+852-6613 1970;
    License or other information error corrections, please send the information to:qawikifx@gmail.com
    Cooperation:fxeyevip@gmail.com