Price Markets Review and Tutorial 2021
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|Price Markets Facts & Figures|
Price Markets offers an extensive list of CFDs on forex, indices and commodities.
• Gold Winner of Prime Brokerage Europe 2015 - IAIR
• Best New Prime Broker 2014 - IFM
|Instruments||Forex, CFDs, indices, commodities|
|Pay Methods||Mastercard, Skrill, UnionPay, Visa, Wire Transfer|
|Min. Trade||0.01 lots|
|Competitive CFDs are offered using the broker's ECN.|
|Leverage||1:30 (Retail), 1:200 (Professional)|
Trade dozens of currencies with 1:30 leverage.
Price Markets is a UK-based broker, specialising in forex and CFDs. Its ECN model and leading technology make it an excellent choice for investors looking to deploy scalping and high-frequency trading. A selection of useful bridging and algo trading tools also adds to its appeal. Our Price Markets broker review explores live accounts, minimum deposits, leverage, fees and more.
Price Markets Headlines
Price Markets was established in 2013 to create a leading trading environment for its clients. The broker aggregates quotes from the largest liquidity providers in the financial markets through its ECN model. Proprietary NeroEx technology has been established to provide ultra-fast execution times.
Geared more towards established traders, there’s a decent selection of instruments alongside a competitive fee structure. The company is also authorised by the Financial Conduct Authority (FCA).
The broker offers the established MetaTrader 4. MT4 allows for a complete trading experience with advanced analysis tools, including 30 built-in indicators, 2,000 custom indicators plus 700 paid options. The platform is available for download to desktop devices or through major web browsers.
- Scalping indicators
- Customisable & secure interface
- Integrated MQL4 programming language
- Bridge technology for access to interbank liquidity
- 3 execution modes, 2 market orders, 4 pending orders
Price Markets offers CFD trading across established financial markets:
- 5 commodities – Including oil and gold
- 35+ currencies – Major, minor and exotic pairs
- 12 indices – Including NAS100, UK100 and GER30
The only notable absence is cryptos such as Bitcoin along with stocks and shares.
Spreads & Commission
The broker charges a retail trading commission of $3.50 per lot on all forex and commodity transactions. Commissions on indices are 25 bps per side. Spreads are competitive but may fluctuate due to market conditions. Forex spreads start at zero pips. The standard GBP/USD spread is 1.3 pips and the EUR/USD 0.3 pips. Indices are offered from 0.5 pips. The broker also charges swap rates for positions held overnight.
A VPS is available for $50 per month, so too is a cloud solution from $245 per month. More advanced bridging and cloud services are also available at a monthly subscription. See the broker’s website for more details.
Price Markets Leverage
Price Markets offers leverage up to 1:30 on currency pairs, which complies with the ESMA regulatory cap. Leverage on indices and commodity instruments is offered up to 1:20. A 3.33% to 10% margin rate is applied to all retail trading instruments. These levels strike a good balance between offering clients room to increase position sizes without taking on excessive risk.
MetaTrader 4 is available as a mobile trading tool, compatible with iOS and Android devices. One of the highest-rated mobile trading apps, MT4 offers interactive charting, one-click order executions and a built-in economic calendar. Users can browse the MetaTrader Market to buy a range of indicators and expert advisors. Deposits and withdrawals can also be made through the mobile app.
Price Markets Payments
Minimum deposits are high compared to other retail brokers, starting at $5,000. Unfortunately there are fees when funding accounts, with Skrill transfers requiring a 4% charge. Also, only three payment options are available:
- Skrill – Within 30 minutes
- CardPay – Within 30 minutes
- Bank wire transfer – Within 1 working day
Withdrawals are processed to the same method of deposit and completed within one working day. A fee is applicable for Skrill withdrawals only, up to 7% for non EUR payments. Again, this is a fairly restrictive list and other brokers are offering a greater choice of payment methods with lower fees.
Price Markets offers a free demo account for users wanting to try the MT4 platform. You can sign up from the broker’s homepage and need just a few basic contact details. You get full access to the available financial instruments and can test scalping and high-frequency trading strategies. You can then upgrade to a live account when you feel ready.
Price Markets Bonuses
At the time of writing, Price Markets does not offer any deals or promotions to new or existing clients, this includes no deposit bonuses.
The broker is regulated by the UK Financial Conduct Authority (FCA). This is a highly respectable regulatory body with stringent standards. Clients benefit from segregated accounts, negative balance protection and caps on retail leverage. The broker also submits to third-party audits and a range of other licensing conditions designed to protect traders. This is a promising sign Price Markets can be trusted.
Price Markets offers some powerful additional tools and services. Bridge services are available to facilitate algo trading and automated executions using custom Smart Order Routing logic in C++. There is a 30 day trial on the MT4 bridge which connects to over 30 liquidity providers and offers 24/7 support. Following the trial period, the cost is $1,000 per month. There are also more advanced, enterprise-level bridging services available for market makers and algorithmic trading firms.
Co-location cloud services are also offered. The standard VPS starts at $50 per month, with custom and enterprise-level services available for up to $2,000 per month. The company also facilitates leading deliverable FX services with 24/6 access to the forex markets and margin from 1%.
Price Markets Accounts
To open an account, traders need to complete an online form. Employment, education, and financial details are required, plus identity documents and proof of residency. The broker offers just one retail account:
- 30x leverage
- $5,000 minimum deposit
- Negative balance protection
- FSCS protection up to £50,000
- GBP, USD, EUR, CHF and JPY base currencies
A FIX API professional account is also available requiring a $50,000 minimum deposit and offering 200x leverage with USD 8 per million USD commissions. Traders will need to show they can meet varying financial requirements and demonstrate trading history before they can open a professional account.
- MT4 platform
- Zero-pip spreads
- Professional account
- 24/7 customer support
- NeroEx proprietary technology
- Less suitable for beginners
- $5,000 minimum deposit
- US clients not accepted
The broker operates in line with the financial markets. This means 24/5 trading Monday through to Friday with the platform and website open for research and account management over the weekend. See the Price Markets website for a breakdown of opening hours by instrument.
Price Markets offers 24/7 customer support via:
- Live chat engine
- Online contact form
- Telephone +44(0)2032900088
- Email – firstname.lastname@example.org
- Address – 30 St. Mary Axe, 29th Floor, London, EC3A 8BF
There is also a comprehensive FAQ section on the company website.
Price Markets provides retail clients with up to £50,000 FSCS protection. Members’ areas and client portal access are password protected. The MT4 platform uses encryption technology, secure logins and industry-standard data privacy.
Price Markets Verdict
Price Markets is a solid option for experienced traders. Whilst a large minimum deposit requirement, traders benefit from leading fees, the MT4 platform, plus a host of additional tools and features to enable algo trading. The FCA-regulation and decent selection of financial instruments are also positives. The only real downside is that it’s probably not the right fit for most beginners who may be looking for lower-entry account requirements.
Price Markets accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders can not use Price Markets from United States.
Who is Price Markets’ CEO?
Alexander Iakobachvili is the current CEO of Price Markets. Before his CEO role, Alexander was COO at the online brokerage.
Is Price Markets regulated?
Yes, Price Markets is regulated and authorised by the FCA. This is a reputable regulator and a good sign that the broker can be trusted.
What is the maximum leverage offered by Price Markets?
In line with ESMA regulations, the maximum leverage offered to retail traders is 1:30. Professional traders can unlock leverage up to 1:200.
What is the minimum deposit requirement at Price Markets?
The minimum deposit for retail traders is $5,000, putting it out of reach for some beginners. The minimum deposit for the professional account is $50,000.
Does Price Markets offer a demo account?
Yes, a demo account is offered at Price Markets. The practice account is a good way to test strategies risk-free before opening a live account.
|Price Markets offers an extensive list of CFDs on forex, indices and commodities.|