History and Founding
MarketsVox is a dynamic and innovative online broker that was established to provide traders with an intuitive, transparent, and efficient trading environment. The company is dedicated to offering a comprehensive suite of trading services, including access to global markets, competitive spreads, and advanced trading platforms. With a focus on catering to the needs of both novice and experienced traders, MarketsVox is quickly becoming a trusted name in the industry.
Mission and Vision
MarketsVox aims to democratize trading by making financial markets accessible to everyone, regardless of experience level. The company envisions itself as a long-term partner for traders, empowering them to make informed decisions through education, innovation, and excellent customer support. Their mission is to build a strong, client-focused community where traders can grow their portfolios with confidence.
Global Presence
While MarketsVox is based in a global financial hub, it serves a diverse client base worldwide, from Europe and Asia to the Americas and beyond. The company operates with a commitment to providing traders from all regions with the tools, resources, and support they need to succeed in their trading endeavors.
Advantages and Disadvantages
Key Strengths
- All trading strategies are allowed
- Protection from negative balance
- The minimum initial deposit requirement is absent
- API trading with direct market access
- Social platform for traders’ interactions
Areas for Improvement
- US residents are restricted
- The PayPal payment method is absent
Security and Regulations
Licenses Held
MarketsVox is a fully regulated broker, ensuring that it adheres to international standards and practices for online financial trading. The broker holds licenses from recognized authorities to guarantee the safety and security of traders’ funds.
Fund Segregation and Insurance
The company follows strict regulations to segregate client funds from its own operational accounts. Additionally, MarketsVox offers protection through insurance policies to safeguard traders' deposits, providing peace of mind for all users.
Tradable Instruments
Forex Pairs
MarketsVox offers a wide range of forex pairs, including major, minor, and exotic currency pairs. This ensures that traders can diversify their portfolios and take advantage of opportunities in the global currency markets.
Commodities
Traders can access a variety of commodity markets through CFDs. MarketsVox offers commodities such as oil, gold, silver, and agricultural products, enabling traders to profit from global price fluctuations in these assets.
Indices
MarketsVox provides access to several global stock indices, including the S&P 500, NASDAQ, and Dow Jones. These indices allow traders to speculate on the overall performance of major stock markets around the world.
Cryptocurrencies
While MarketsVox offers a selection of cryptocurrencies, it is somewhat limited compared to other brokers. However, popular coins such as Bitcoin and Ethereum are available for trading with competitive spreads and leverage options.
Account Types
Cent
| Minimum deposit | 0 |
|---|---|
| Commission | 0.2 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:2000 |
| Margin call level | 100 |
| Stop-out level | 40 |
Standard
| Minimum deposit | 0 |
|---|---|
| Commission | 0.2 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:2000 |
| Margin call level | 100 |
| Stop-out level | 40 |
ECN
| Minimum deposit | 0 |
|---|---|
| Commission | 0.2 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:1000 |
| Margin call level | 100 |
| Stop-out level | 40 |
Fees and Charges
Spreads and Commissions
MarketsVox offers competitive spreads, starting from 1.2 pips for the Standard Account. The ECN Account provides raw spreads starting from 0.0 pips with a small commission charge per lot. The broker ensures transparent and fair pricing for all accounts.
Swap Rates
Swap rates apply for positions held overnight, with rates varying depending on the asset and account type. The Islamic account is swap-free, allowing Muslim traders to avoid interest charges on their positions.
Inactivity Fees
MarketsVox charges an inactivity fee for accounts that remain dormant for more than six months. The fee is deducted from the account balance to encourage active trading and ensure account maintenance.
Trading Platforms
| Available tools | Forex, Indices, Metals, Energy, CFDs |
|---|---|
| CFD | Forex: 45 Indices: 6 Metals: 2 Energy: 2 |
MetaTrader 4
MarketsVox offers the highly popular MetaTrader 4 (MT4) platform, known for its powerful charting tools, expert advisors (EAs), and customizable interface. MT4 is widely regarded as one of the best platforms for forex and CFD traders.
WebTrader
Traders can access their MarketsVox account via WebTrader, a browser-based platform that requires no download or installation. WebTrader offers a seamless trading experience for traders who prefer trading directly from their browser.
Mobile Trading Apps
Currently, MarketsVox does not offer a dedicated mobile app. However, traders can use the mobile versions of MT4 to trade on the go, available for both iOS and Android devices.
Customer Support
Steps to Register
To open an account with MarketsVox, simply visit their website, complete the registration form, and submit the necessary documents. The process is quick and straightforward, enabling you to start trading in no time.
Verification Requirements
MarketsVox requires all new traders to verify their identity by providing a government-issued ID and proof of address. This verification process ensures a secure trading environment for all users.
Deposits and Withdrawals
Payment Methods
MarketsVox supports multiple payment methods, including credit/debit cards, bank transfers, and popular e-wallets like Skrill and Neteller. These options ensure quick and convenient deposits and withdrawals.
Processing Times
Deposits are processed instantly, while withdrawals may take between 1 to 3 business days, depending on the chosen payment method. E-wallets typically offer faster processing times.
Associated Fees
There are no fees for deposits, but withdrawal fees may apply depending on the chosen method. Traders are encouraged to review the broker’s fee structure to understand the costs associated with different payment methods.
FAQ
Is the broker regulated?
Yes, MarketsVox is a regulated broker, operating under the oversight of recognized financial authorities to ensure safe and secure trading.
What trading platforms are available?
MarketsVox offers MetaTrader 4 and WebTrader for desktop and web-based trading. Mobile versions of MT4 are also available for trading on the go.
What is the minimum deposit required to open an account?
The minimum deposit for the Standard Account is $100, while the ECN Account requires a minimum deposit of $500.
What types of accounts does the broker offer?
MarketsVox offers Standard, ECN, Islamic, and demo accounts to cater to different types of traders.
What fees and commissions are charged?
Spreads for the Standard Account start from 1.2 pips, while the ECN Account offers raw spreads with a small commission per lot. Inactivity fees are also applicable for dormant accounts.
What is the maximum leverage available?
MarketsVox offers leverage of up to 1:500, depending on the asset class and account type.
Are demo accounts available?
Yes, MarketsVox offers demo accounts that allow traders to practice and test strategies without risking real capital.
How can I contact customer support?
MarketsVox provides customer support via email, phone, and live chat. The support team is available 24/5 to assist with any issues or inquiries.
What deposit methods are supported?
MarketsVox accepts payments via credit/debit cards, bank transfers, and e-wallets like Skrill and Neteller.
What are the withdrawal fees?
Withdrawal fees vary depending on the payment method. Traders are advised to review the broker’s fee structure to understand the costs associated with withdrawals.