What is MACRO MARKETS？
Established in 2010, MACRO MARKETS stands as a regulated brokerage firm registered in Seychelles. Over the course of a decade, this broker has evolved into a firmly established entity with a robust reputation. It operates within a framework of strong regulation, providing a diverse array of trading instruments spanning Forex, Commodities, Indices, and Share CFDs through the MT4 and Web Terminal trading platforms. Renowned for delivering an exceptional trading environment, MACRO MARKETS consistently caters to its clients' needs.
Pros & Cons
Is MACRO MARKETS Safe or Scam？
MACRO MARKETS is a trading platform that is strictly regulated by the Australian Securities and Investment Commission (ASIC No. 001301383), and the Financial Services Authority in the Seychelles (FSA No. SD139) offshore. As we all know, regulation holds immense significance for both brokers and traders alike. MACRO MARKETS instills profound confidence in its clients by operating within a robust regulatory framework.
Besides, MACRO MARKETS also offers several safety features, including segregated client funds, negative balance protection, and regular audit. Client funds are held in a segregated account with AA-Rated Global Bank and trading accounts have negative balance protection. You are subject to regular audits and have comprehensive indemnity insurance.
Market Instruments
MACRO MARKETS offers access to over 1,000 trading instruments across four clasess, including Forex, Commodities, Indices, and Share CFDs.
• Forex (foreign exchange) is the market for exchanging one currency for another.
• Commodities are raw materials that are used in the production of goods and services. They include agricultural products such as wheat, corn, and soybeans; energy products such as oil, gas, and coal; and metals such as gold, silver, and copper.
• Indices are baskets of stocks that track a particular market or sector.
• CFDs, or contracts for difference, are a type of derivative that allows traders to speculate on the future price movements of an underlying asset without actually owning the asset. CFDs are traded on a margin, which means that traders only need to deposit a small amount of capital to control a large position. This can make CFDs a very attractive product for traders with limited capital.
Accounts
There are two trading accounts offered by MACRO MARKETS, namely STP, and ECN.
The best trading account for you will depend on your individual needs and preferences. If you are a beginner, then the STP Account may be a good option. If you are experienced and want to have more flexibility, then the ECN Account may be a better choice.
Macro Markets offers a demo account with unlimited virtual funds. This is a great way to try out the platform and learn how to trade macro markets without risking any real money.
The demo account is fully functional, so you can trade all of the same products that you would if you were using a real account. You can also use the demo account to test out different trading strategies and see how they perform.
Leverage
MACRO MARKETS offers maximum leverage of up to 1:500.
Leverage can magnify your profits, but it can also magnify your losses. If the market moves against you, you could lose more money than you deposited.
For example, if the company offers maximum leverage of up to 1:500, which means that you can control a position worth 500 times your initial deposit. And, if you deposit $100, you could control a position worth $50,000.
Spreads & Commissions
MACRO MARKETS partners with top-tier liquidlity provider in the financial markets to provide its clients with competitive pricing. The ECN account offers spreads floating as low as 0.1 pips, which is extremely competitive in the industry.
Below is a comparison table about spreads and commissions charged by different brokers:
Trading Platform
MACRO MARKETS offers several trading platforms for its clients, including MT4 Trading Platform and Web Terminal.
• The MetaTrader 4 (MT4) platform is the most popular trading platform in the world. They are used by millions of traders to trade a wide range of financial instruments, including forex, CFDs, and stocks.
• Web Terminal is a web-based trading platform that allows you to trade from any device with an internet connection. It is a simplified version of the MT4 platform, but it still offers several useful features.
Both of these platforms are available to MACRO MARKETS clients. The best platform for you will depend on your individual trading needs and preferences. If you are a serious trader who wants access to a wide range of features, then MT4 Trading Platform is a good choice. If you are looking for a more simplified platform that you can access from anywhere, then Web Trader is a good option.
See the trading platform comparison table below:
Deposits & Withdrawals
MACRO MARKETS, considering trader convenience as a priority, offers an array of deposit options to both prospective and existing traders. This flexibility makes way for smoother trading experiences with their platform. Further sweetening the deal, they notably ensure speedy withdrawals. Many users have vouched for their swift withdrawal process, often completed within a span of 24 to 48 hours. This shows MACRO MARKETS' commitment to a seamless and efficient trading environment.
Quotation & Trading Hours
Quotation and trading hours vary on the trading instrument. For example, quotation hours (GMT+3) of forex are 00:00-24:00 and trading hours are 00:01-23:58. And the quotation hours for gold in GMT+3 are 01:00 to 23:59, which means that you can buy or sell gold during those hours. The trading hours for gold are also 01:00 to 23:59, which means that you can actually trade gold during those hours. More details can be found in the below screenshots.
Customer Service
MACRO MARKETS offers a comprehensive customer support service, including email, and phone. Traders can also access a customized VIP customer service program, which includes dedicated account managers and priority support.
8 languages are available on this platform to serve traders from various regions or countries better.
Customers can get in touch with their customer service line using the information provided below:
Email: info@macrofx.com, macrofxcom@gmail.com
24/7 Multilingual Online Messaging
Social media: Facebook, Twitter, YouTube, Linkedin, and Instagram
Phone: +852 25785898, +248 4374728
Conclusion
Overall, MACRO MARKETS is a trustworthy brokerage firm that strictly follows the rules set by financial authorities. It gives traders lots of different trading tools to use, offering both the reliable MT4 platform, and the modern and efficient Web Terminal platform. This lets traders choose the platform that suits them best. MACRO MARKETS has got you covered by providing a safe, diverse, and flexible trading experience.
Frequently Asked Questions (FAQs)
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