MarketsWorld Review – Best binary options for binary options broker the US? MarketsWorld is one of the online binary options
brokers that we can truly categorize as ‘unique’. Founded in 2011, this company is a subsidiary of Markets The World Limited. They are headquartered in the Isle of Man and are one of the few companies we’ve found to be regulated by the Gambling Supervision Commission (GSC). Being a British licensed company MarketsWorld offices are located in Burleigh Manor, Peel Road in Douglas Isle of Man.
Why do we consider MarketsWorld unique? Well, GSC’s main focus is regulating gambling companies as opposed to binary options brokers. MarketsWorld doesn’t claim to be a broker or even an exchange. We also found their business model to be more or binary options less like that of a casino. They are licensed and regulated under e-gaming laws. However, binary options this doesn’t mean that your chances of making money trading options on their platform are lower compared to trading on a different broker’s platform.
There will always be risk involved when trading financial instruments regardless of the platform you trade on. Is MarketsWorld a scam or binary options legit binary options trading platform? Since they started operating online in 2011, MarketsWorld has continued to attract traders from across the globe. The fact that they have been successfully operating in one of the highly regulated regions in the world is another defining factor about their legitimacy.
We would prefer that they were regulated like a broker rather than as a gambling entity. However, being regulated is better than not having an authority keep track of its operations. What makes MarketsWorld stand out? Their business model is closer to that of a casino than to that of a binary options broker. This allows MarketsWorld offer traders favorable features such as extra high effective returns (up to 90%) and deposit bonuses of up to 100%.
Like many brokers regulated by the GSC, MarketsWorld isn’t restricted from offering monetary incentives to attract new clients. They’ve used this to their advantage and offer a variety of incentives including refer a friend bonuses and binary options regular contests to earn traders more cash. Another feature that makes MarketsWorld stand out is their free demo account. We liked the fact that all you need is provide your names and email address to open a demo account that’s credited with $5000 virtual cash.
There’s no time limit to how long you can use this account and, you are also allowed to open unlimited demo accounts. General Risk Warning! your capital may be at risk. The downsides of MarketsWorld. Interestingly, we also found their casino like business model to be one of their major downsides. Their homepage seems more focused on wooing traders to join through aggressive promotions. Something you’ll find in many gambling sites.
The platform’s design also needs some tweaking to make it easier for new traders get accustomed to. Another downside of their business model is that they aren’t able to offer a wide selection of tradable assets.