A trader will need to make sure that they are older than 18 and have gone through the broker’s parent company’s compliance process. They will also have to ensure that they commit to the rest of the terms and conditions via email. Traders can use either bank transfers or credit and debit cards to make their withdrawals, just as is the case with deposits. In order to fund an account at Onlinemarketshare, traders are asked to click on the ‘Deposit’ function in the account dashboard.
Trading Platforms
We analysed the OnlineMarketShare MT4 mobile app on an Android device and found the application to be extremely handy. Not only was the app user-friendly and the features state of the art, but also the orders went through at lightning speed. Just like the MT4 web platform, the mobile app supports all the features of the desktop app except for automated trading. In our review of the trading conditions at OnlineMarketShare, we first analysed the spread and leverage offered by the broker for the various trading instruments. BlackBull Markets is a reliable and well-respected trading platform that provides its customers with high-quality access to a wide range of asset groups. The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following.
The MT4 trading terminal allows users to identify traders with consistent performance and follow them to automatically replicate their trades. Social trading allows beginner traders to generate profits from the first day of trading by copying profitable signals from experts. just2trade review Moreover, the OnlineMarket hare mobile MT4 comes with nearly all the features found on the web and desktop traders. You can add OnlineMarketShare to the mobile MT4 by clicking the plus sign on the manage accounts tab.
OnlineMarketShare Broker Review 2020
The other alternative is to open a new account in different base currency. The platform meets the highest security standards, with encrypted data exchange between the client terminal and the broker’s servers, not to mention the RSA digital signature verification process. OnlineMarketShare only offers a glossary and FAQs page on its educational resources centre. Most of its competitors offer comprehensive materials, including PDF guides, video tutorials, and regular webinars. They can also compare charts side by side and open multiple charts in one window. Unlike most brokers, OnlineMarketShare does not offer additional third-party trading tools.
- The minimum deposit for the Bronze account type is $250 while that of the Platinum is $50,000.
- There is a partnership programme at Onlinemarketshare, and there are lots of benefits for a marketer who pairs up with the firm.
- Even with the inadequate regulation, this broker has proven to be highly reputable.
- Each account type is priced differently with the Platinum account offering the lowest trading costs.
- For those of you looking to diversify your income streams, OnlineMarketShare has a comprehensive commission scheme in place that allows you to earn money by referring users to the platform.
- In addition to this basic identity check, Onlinemarketshare also insists that traders go through an address verification process.
First of all, those using the risk-free trading offer will be required to make a deposit of between $2,000 and $10,000, so it is not for those seeking to dip their toe in the water. This is used by customers who need to provide further information about the source of any funds transferred to the broker’s account. Onlinemarketshare offers a wide range of different currency pairs, including both well-recognised major currencies as well as some less famous ones. Well-known pairs that are represented on the list include the Euro/US dollar pair and the British pound/US dollar pair. However, some less recognisable names – such as the South African rand and the Hungarian forint – are also represented. In addition to this basic identity check, Onlinemarketshare also insists that traders go through an address verification process.
Broker Summary
OnlineMarketShare is an STP broker operating since 2020 and offering 145+ CFD instruments comprising FX, shares, commodities, indices, cryptocurrencies and futures. While the product range may not be as extensive as some of the others in the industry, the CFD broker has made it a point to cover all the major asset classes. Traders registering with the broker have access to only the basic version of MetaTrader 4 (MT4). Therefore, you don’t get access to real-time news, a live global economic calendar, or even the right to any of the third-party plugins such as Autochartist. The spreads differ with account types with the typical spread for the Platinum Account for the EURUSD pair being 0.1 pips. While the deposit requirements are pretty high when compared to competitors, this broker ranks among the best in terms of pricing.
OnlineMarketShare Trading Platform
Onlinemarketshare a brand Kraken Review name, and the broker is in fact owned by a company called Share Tech Ltd. It is based in the Commonwealth of Dominica, where its registration number is 2020/IBC00013. There is a wide range of guidance available on the use of the MetaTrader 4 platform. This covers a range of topics from information on Expert Advisors to the password recovery process. Traders are asked to contact Onlinemarketshare if they have any further specific questions for the team.
It specifies that assets such as precious metals and foreign exchange pairs might not be appropriate for every investor, especially given the leverage aspect of the broker’s offer. It also advises customers to ensure that they educate themselves about the balance between the chance to earn money and the possibilities of losing it. It is, in many ways, a standard broker with little in the way of additional or unusual offers. It provides a basic customer service helpline, an entry-level amount of educational materials, and a fairly standard range of asset classes. In terms of the additional trading tools and resources OnlineMarketShare gives users of the platform access to, the MetaTrader 4 platform supports both social and mirror (or copy) trading. This allows you to monitor the trading activity of your favourite online traders and to copy their trading strategies with your own account funds.
- However, given its comparatively basic level of service, it may well be worth a trader thinking twice about whether it is the right broker for them.
- Traders can use either bank transfers or credit and debit cards to make their withdrawals, just as is the case with deposits.
- We do this partof the review by first checking the name of the company attached to the broker.Then we run that name through various regulatory bodies to discover if itregulates said brokerage.
- Bank transfers typically take between two and three days, though credit and debit card transfers will be quicker.
Onlinemarketshare.com Account Types
OnlineMarketShare users are encouraged to contact their financial institution for clarification on transaction charges before depositing or withdrawing through this broker. There is a partnership programme at Onlinemarketshare, and there are lots of benefits for a marketer who pairs up with the firm. It works by asking partners to bring new business to Onlinemarketshare in return for commission.
Platform & Tools
There is a high level of risk of trading on foreign exchange on margin and it may not be appropriate for all investors. Before you choose to invest in foreign exchange, it is highly recommended to cautiously examine your investment objectives, experience level, and desired amount of lexatrade review risk. The information and opinions stated on this site should not be considered as solicitation or offer to buy or sell any currency, equity or other financial products or services.
The MetaTrader 4 app for both Android and iOS devices allows you to take your trading account on the go. Once installed, you can execute trades in an instant from anywhere in the world, as long as you have a sufficient mobile internet connection. The MetaTrader 4 mobile app is very easy to use and set up, and can be downloaded directly from Google Play or the Apple App Store. Since launch in 2019, this broker has managed to build a reputation as a low-cost forex and CFDs broker.
Users can monitor trading activity and profitability of successful traders and copy their trades. The MT4 is stable, highly intuitive and easily customisable to meet traders’ goals. Users can easily trade on the web-version through any browser, including Chrome, Firefox, and Apple’s Safari. As stated earlier, OnlineMarketShare is pretty new in the markets and hence doesn’t have a lot of reviews on the internet. It’s therefore not possible to point out the areas that most users find appealing. OnlineMarketShare is an STP forex and CFDs broker founded in The Commonwealth of Dominica.
Customer support is available through the website 24 hours a day during workdays (Monday to Friday), though there is currently no weekend support. This shouldn’t be an issue for most traders, however, as the majority of markets around the world do not trade on the weekend. Calls made to the customer support team will generally go through within a number of minutes, though the wait time for email queries tends to be slightly longer. This is supported by an approach to customer satisfaction that provides users of the platform with round-the-clock customer care. OnlineMarketShare offers its clients a choice of four trading accounts, negative balance protection, an account manager, and the option to hedge, scalp, or trade based on news events. However, there is a stringent clause against carrying out arbitrage in the markets.