Pure Market
Pros and Cons
Pros
- Regulated by Vanuatu Financial Services Commission
- Diverse range of trading instruments including forex, commodities, and cryptocurrencies
- Trading platforms: MT4 and MT5 with advanced features
- Low trading fees with competitive spreads starting from 0.0 pips
- Customer support available 24/5 in multiple languages
Cons
- Limited regulatory reputation, as Vanuatu is known for less stringent oversight
- Withdrawal fees apply, affecting overall trading costs
- Customer support has received mixed reviews, with reports of slow response times
- Lack of advanced educational resources for traders
- High minimum deposit requirement for MT5 account
Basic Information
User Reviews
Pure Market Overview
Pure Market, officially known as Pure M Global LTD, is a forex broker established in Vanuatu. With an operating period of 5 to 10 years, this broker is committed to providing a transparent and efficient trading environment for its clients, emphasizing the importance of low market spreads and direct market access. Pure Market is regulated and adheres to the standards set by relevant authorities, ensuring a secure trading experience for its users. Their official website provides further details and verification of their regulatory status and operational framework.
In terms of services, Pure Market offers a diverse range of trading instruments, including forex, commodities, and more. The broker utilizes advanced trading technology to enhance user experience, with features designed to facilitate seamless trading. Customers can expect professional support available through various channels, ensuring responsiveness to inquiries. With a focus on client satisfaction, Pure Market aims to distinguish itself in the competitive forex market by providing favorable trading conditions, a robust trading platform, and a commitment to transparency, empowering traders to achieve their financial goals effectively.
Is Pure Market Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Vanuatu Financial Services Commission | Vanuatu | Segregated Accounts |
Is Pure Market Regulated and How Are Client Funds Protected?
Pure Market, operating as Pure M Global LTD, is regulated by the Vanuatu Financial Services Commission, ensuring it adheres to the regulatory standards required for forex brokers. The broker places a strong emphasis on the safety of client funds, maintaining them in segregated accounts within reputable international banks. This practice effectively isolates client funds from the broker’s operational assets, significantly reducing the risk of loss. Furthermore, Pure Market operates as a non-risk-taking broker, meaning it does not engage in trading with client funds or running a dealing desk, thus eliminating potential conflicts of interest. These measures contribute to a more secure trading environment for clients, fostering trust and transparency in their trading activities.
Trading Products and Services
What Trading Instruments Does Pure Market Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | Many |
| Commodities | Gold, Silver | Multiple |
| Indices | S&P 500, NASDAQ | Many |
| Stocks | US, UK | 300+ |
| Cryptocurrencies | BTC, ETH | 4 |
Pure Market offers a diverse array of trading instruments, providing opportunities for both novice and experienced traders to engage in forex, commodities, indices, stocks, and cryptocurrencies. This broad selection allows traders to tailor their strategies according to their individual investment goals and risk profiles. By supporting multiple asset categories, Pure Market enhances portfolio diversification, helping traders mitigate risk while exploring various financial markets. The broker’s commitment to providing advanced trading tools and a transparent trading environment further empowers clients to navigate the complexities of the financial landscape effectively.
Account Types and Trading Conditions
What Account Types and Fees Does Pure Market Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| MT4 Standard Account | Beginners and Intermediate Traders | Low spreads from 0.2 pips, up to 1:200 leverage | Minimum deposit of €100 or $100 |
| MT5 Standard Account | Intermediate and Experienced Traders | Low spreads from 0.0 pips, up to 1:200 leverage | Minimum deposit of €1,000 or $1,000 |
Account Opening Process
To open an account with Pure Market, follow these steps: visit the official Pure Market website, click on the “sign up” button, and fill in the form with your personal information. After submitting, check your email for a new user ID and password for account access. You will need to complete identity verification by uploading necessary documents, such as an ID and proof of address. Once verified, choose the type of trading account that suits your needs and make the minimum required deposit to start trading. Note that there is flexibility to upgrade to a professional account later if desired.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $30 per million FX traded | Tight spreads for majors |
| CFDs (Stocks) | Variable | $0 | Commission-free trading available |
| Cryptos (BTC/USD) | 1.0% | €6 / $6.5 per standard lot | Variable depending on market conditions |
Other Fees
In addition to trading fees, traders should be aware of potential deposit and withdrawal fees that may apply. There may also be inactivity fees for dormant accounts, and charges for overnight interest (swap rates) can occur. Currency conversion fees may apply for accounts in different currencies, so it is advisable to check specific terms related to these costs to ensure full understanding.
Trading Platforms and Apps
What Trading Platforms and Apps Does Pure Market Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4 Standard Account | Windows, macOS, iOS, Android | 2FA, symbol lookup, multiple order types, price alerts, technical indicators | Demo accounts, VPS |
| MT5 Standard Account | Windows, macOS, iOS, Android | 2FA, symbol lookup, multiple order types, price alerts, economic calendar | Demo accounts, VPS |
| Web Version | Any device with internet access | Encryption, symbol lookup, one-click trading, push notifications | None |
| Mobile App | iOS, Android | Biometrics, symbol lookup, price alerts, push notifications | None |
The MT4 and MT5 platforms provide robust trading capabilities suitable for various trader levels, featuring advanced security measures and multiple order types. The web version offers flexibility across devices, while the mobile app enables convenient trading on the go. Pure Market ensures secure logins, fast execution, real-time alerts, and efficient market search tools across all platforms, enhancing the overall trading experience.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min €100, Max €50,000/day | EUR, USD |
| Credit/Debit Card | Instant | No platform fee | Min €100, Max €5,000/transaction | EUR, USD |
| e-Wallet (e.g., Skrill, Neteller) | Instant | 1.5% charge | Min €50, Max €20,000/day | EUR, USD |
Minimum Deposit
Pure Market requires a minimum deposit of €100 or $100 for the MT4 Standard Account and a minimum of €1,000 or $1,000 for the MT5 Standard Account. This requirement is consistent across payment methods.
How to Withdraw
To withdraw funds from your Pure Market account, follow these steps:
- Log in to your Pure Market account.
- Navigate to the “Withdraw” section.
- Select your preferred payment method.
- Enter the withdrawal amount and any required information.
- Submit your request and wait for confirmation.
Customer Support
Pure Market Customer Support Overview
Support Channels
Pure Market offers multiple support channels to assist customers effectively. Clients can reach out via:
- Email: Customers can send inquiries to support@puremarketbroker.com for general assistance.
- Live Chat: Available on the official website for immediate help.
- Telephone: For urgent matters, clients can contact support at +44 20 36 088 986.
- Social Media: Pure Market is also present on platforms like Facebook, providing additional avenues for customer interaction.
Service Availability
Customer support is available 24/5, ensuring that traders receive assistance during key trading hours. Pure Market offers multilingual support, catering to clients in languages including English, Chinese, Greek, Italian, and Russian.
Frequently Asked Questions
Yes, Pure Market, operating as Pure M Global LTD, is regulated by the Vanuatu Financial Services Commission. Client funds are protected through the use of segregated accounts in reputable international banks, which effectively isolates them from the broker’s operational assets, reducing the risk of loss.
Pure Market offers two types of trading accounts: the MT4 Standard Account and the MT5 Standard Account. The MT4 Standard Account is designed for beginners and intermediate traders with low spreads from 0.2 pips and a minimum deposit of €100 or $100. The MT5 Standard Account is aimed at intermediate and experienced traders, offering lower spreads from 0.0 pips and a minimum deposit of €1,000 or $1,000.
Pure Market provides a diverse range of trading instruments, including major forex pairs, commodities like gold and silver, indices such as the S&P 500 and NASDAQ, over 300 stocks from the US and UK, and cryptocurrencies like Bitcoin and Ethereum. This wide selection allows traders to diversify their portfolios and tailor trading strategies to their investment goals.
You can reach Pure Market’s customer support through several channels: via email at support@puremarketbroker.com, through live chat on their official website for immediate assistance, or by telephone at +44 20 36 088 986. Customer support is available 24/5 and offers multilingual assistance to cater to clients in various languages.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.