Not often do we find a legitimate broker with an owner that has a dubious past, riddled with regulator warnings. Pure Market Broker only has a Tier-3 license, but has favorable trading conditions.
Can Pure Market Broker rise above the bad reputation of their parent firm? Find out more in our Review.
Pure Market Broker is a legally registered company with a valid trading license issued by Vanuatu Financial Services Commission. The company registration number is 14801, and the HQ is located at Lolam building on Kumul Highway, land # 11/OD22/021,
Port Vila, Vanuatu.
Vanuatu is a small offshore nation, and does not enforce a strict regulation standard. VFSC is what is known in the industry as a Tier-3 Regulator.
Many would argue that the lack of Tier-1 license automatically makes a broker unreliable. So, what makes a Tier-1 license so important? To understand the underlying risks, we should take a moment to review what a Tier-1 regulator, such as the FCA from the UK, requires from their brokers.
In the UK, a broker must own at least £730 000 of initial capital. Maximum leverage is set at 1:30, and clients are protected by Segregated Bank Accounts. Furthermore, FCA enforces Negative Balance Protection, as well as a Compensation Fund of £85 000. Bonuses are forbidden in the UK.
Regulators in the EU, such as CySEC, BaFIN or FSMA adhere to the MiFID EEA standards, as overseen by ESMA.
The lax regulatory standards subtract from clear, and well defined risk mitigation frameworks that have been implemented by governments of developed nations. Traders that elect Tier-3 regulated brokers may enjoy large bonuses, high leverage and other benefits, but do so at a higher financial risk.
Trading Forex, CFDs and other volatile financial instruments are inherently risky. There is additional risk involved with Pure Market Broker, because their parent company, Pure M Global Ltd. has been blacklisted by a number of financial regulators in the past!
Pure Market Broker has a clean track record. Their parent company, however, has been issued a number of warnings by EU Regulatory bodies. The name of this company is Pure M Global LTD. This does make Pure Market Broker a suspicious entity.
You may view the authority warnings by visiting the following links:
These are the nations where Pure Market Broker has the most numerous client base:
We remind our readers that in the best interest of your safety, you should always elect a broker that is licensed by jurisdictional authorities in your country of residence.
Seeing how Pure Market Broker offers services in the EU and the UK without an explicit license by their respective authorities is a reason for caution. The questionable legality of their parent company does not instill much confidence either.
Pure Market Broker has a very good overall score on personal review websites. The clients are satisfied, and speak well of both the trading conditions and service in general. One of the more appreciated parts of Pure Market Broker service is the quick customer support.
Here is what traders have to say about this broker:
So far , I must say pure market broker have done pretty well, the execute order very fast , deposit and withdrawal is what I enjoy most. It’s really very fast and very dedicated customer service.
High commission
You have to pay for opening position and close trade.
Withdrawal fee.
Spread like all other brokers on standard accounts.
Nothing special…
Pure Market Broker uses the current industry standard software for their traders. Supported programs include MT4, MT5 and a Web Trader. MT4 and MT5 are the most successful third-party trading programs to date. They feature impressive market execution speeds, and excellent security.
Pure Market Broker offer very decent conditions to their clients. One thing that stands above the rest is the high quality and low response time of their Customer Support.
There is a good variety of trading instruments available, with an impressive number of tradable stocks in particular. The addition of Spot Metals is a welcome one, since not many brokers offer this sort of service.
Cryptocurrencies are all the rage lately. Pure Market Broker allows not only trading Crypto Coins, but also Deposits and Withdrawals through Crypto Wallets. Supported trading platforms are MT4 and MT5, which allow for excellent market execution speeds.
Pure Market Broker offers a good variety of different trading instruments. These are divided in a few categories. The number of choices is nothing impressive, it is rather average when compared with other brokers. The addition of Spot Metals is somewhat different from the majority of brokers. As you have seen before, the difference between MT4 and MT5 accounts also includes availability of Crypto trading.
Clients may trade these instruments with Pure Market Broker:
Pure Market Broker is nothing special when it comes to general fees, spread and commission.. The spread is average as well, starting from 0.2 Pips.
This broker has a rather large commission when it comes to the MT5 account type. This is rated starting at $6.5 per standard lot. Commission for MT4 accounts are somewhat lower, with 0% for CFDs and 30$ per million units.
There are deposit and withdrawal fees when it comes to Pure Market Broker. Depending on deposit methods, you can expect a fee ranging from 0.5% for E-Wallets to €20+1.5% for Bank Wires. Withdrawal fees range from 0.5% for E-Wallets to 30€+2% for Bank Wires. Withdrawal through Crypto Transfers are larger, with 0.0005 BTC for Bitcoin Transfers.
Currently there are two main types of accounts available with Pure Marker Broker. The main differentiating features between the two is the availability of different trading instruments, and the trading platform that is offered.
Let’s have a look at the accounts now:
The MT4 based accounts are cheaper, but have a market execution speed of 200ms. In the case of the MT5 account, you may expect market execution to be faster than 100ms, minimizing slippage. An Islamic account is available on demand, as outlined in the Client Agreement.
Pure Market Broker provide their clients with a risk-free environment of a demo. The Demo is only available for the MT4 platform, however. This is a limiting factor for more advanced traders that wish to use additional options available only on MT5.
New traders should beware that the Demo does carry a substantial risk. These demo accounts do not always reflect actual market conditions. Sometimes, you may generate great profits on a demo account, but the live trading will cause you to lose your entire deposit in short order. This is especially true with high leverage companies like Pure Market Broker.
Pure Market Broker allows withdrawals through the most popular channels, like Bank Card and Bank Wire Payments. These are supplemented by E-Wallet payments, as well as Cryptocurrency Transfers.
There are some critics when it comes to payouts from this firm. As you are aware by now, the parent company of Pure Market Broker has already been blacklisted by financial regulators in the past.
It is no secret that financial regulators only issue public warnings about dishonest firms. One of these is Pure M Global LTD, the owner of Pure Market Broker. Although these do not explicitly imply that Pure Market Broker is such an entity, you should be vigilant about the behavior of this broker.
In the case you suspect foul play on behalf of Pure Market Broker, or that you’ve lost your money due to unexplainable circumstances, feel free to notify our team of experts. We have great experience in resolving these legal issues.
Do not delay seeking professional advice! You may contact our team via the live chat for the quickest response time.
Pure Market Broker is a legitimate company, albeit with a flimsy Tier-3 regulation. Their parent company has a number of investor warnings issued by regulatory bodies. If you suspect losing money due to inappropriate behavior on behalf of this broker, contact our team for advice and aid in resolving your legal issues.
You may trade Forex, Crypto, Indices, Commodities and Spot Metals with Pure Market Broker.
Mobile Trading with Pure Market Broker can be done through industry standard software, MT4 and MT5.
The risks of trading CFDs and other instruments are well understood. With Pure Market Broker, you should also consider the poor business history of their parent company.
Pure Market Broker is a legitimate company, albeit with a flimsy Tier-3 regulation. Their parent company has a number of investor warnings issued by regulatory bodies. If you suspect losing money due to inappropriate behavior on behalf of this broker, contact our team for advice and aid in resolving your legal issues.
You may trade Forex, Crypto, Indices, Commodities and Spot Metals with Pure Market Broker.
Mobile Trading with Pure Market Broker can be done through industry standard software, MT4 and MT5.
The risks of trading CFDs and other instruments are well understood. With Pure Market Broker, you should also consider the poor business history of their parent company.
The post Pure Market Broker Review – Legitimate Broker With a Tarnished Past appeared first on Global Fraud Protection.
