Price Markets was created in 2013 to provide its clients with a superior trading environment. Using its ECN approach, the broker collects the quotes of the largest liquidity providers in the financial markets. NeroEx is a proprietary technology that allows for ultra-fast execution times.
It caters to more experienced traders and provides a good assortment of products as well as a reasonable pricing structure. The Financial Conduct Authority has also approved the company (FCA).
MetaTrader 4 is installed by the broker. With comprehensive research tools like 30 built-in indicators, 2000 custom indicators, and 700 premium options, MT4 offers a complete trading experience. The platform can be downloaded or accessed via most web browsers on desktop devices.
- Scalping indicators
- customizable and secure interface.
- MQL4 programming language is built-in.
- 3 execution modes, 2 market orders, and 4 pending orders
- Price Markets on Trading Platforms
- 5 commodities, including oil and gold,
- 35+ currencies-major, minor, and exotic pairs
- 12 indices
The only notable absences are cryptocurrencies like bitcoin and stocks.
Spreads and commissions
On all foreign exchange and commodities transactions, the broker imposes a $3.50 per lot retail trading fee. Each side pays a 25-bp commission on the index. Spreads are competitive, but they may change with market conditions. Forex spreads begin at 0 pips. GBP/USD has a normal spread of 1.3 pips, while EUR/USD has a spread of 0.3 pips. Indices are available in increments of 0.5 points. The broker also charges swap rates for overnight holdings.
The VPS costs $50 per month, while the cloud option costs $245 per month. Monthly subscriptions are also available for more advanced bridge and cloud services.
On currency pairs, the firm offers up to 1:30 leverage, which complies with ESMA regulations. Up to 1:20 leverage is available on indices and commodities. All retail instruments have a margin percentage ranging from 3.33 percent to 10%. These levels strike a nice compromise between allowing clients to expand their position sizes without exposing them to unnecessary danger.
MetaTrader 4 is a mobile trading platform that works with iOS and Android devices. Interactive charts, one-click order execution, and an economic calendar are all included in MT4, one of the most popular mobile trading apps. The MetaTrader Market allows users to purchase a variety of indicators and advisors. The mobile app can also be used to make deposits and withdrawals.
In comparison to other retail brokers, the minimum deposit is substantial, starting at $5,000. Unfortunately, deposits are charged a fee, while Skrill transfers are charged a 4% fee. In addition, there are just three payment options:
- Skrill-Within 30 minutes
- CardPay-Within 30 minutes
- Transfer by the bank — within one business day
Withdrawals are processed in the same way as deposits and take one business day to complete. Only Skrill withdrawals are subject to the fee, which ranges from 3% to 7% for non-euro payments. Again, this is a somewhat limited selection, and other brokers provide a wider range of payment options at cheaper rates.
Users who want to try out the MT4 platform can sign up for a free demo account with the broker. Only a few basic contact details are required to register on the broker’s homepage. You’ll get complete access to all accessible financial instruments and will be able to practice scalping and high-frequency trading tactics. When you’re ready, you can switch to a real account.
Overview of rules
The Financial Conduct Authority of the United Kingdom regulates brokers (FCA). It is a reputable regulatory agency with high requirements. Segregated accounts, negative balance protection, and limited retail leverage are all advantages for clients. Third-party audits and a variety of other licensing requirements are also in place to protect traders. This indicates that price markets may be relied upon.
Additional tools and services are available from the firm. Create algorithmic trading and auto-execution using custom C++ smart order routing logic. The MT4 bridge, which links to over 30 liquidity providers and provides 24/7 support, is available for a 30-day trial. After the trial period, the monthly fee is $1,000. Market makers and algorithmic trading organizations can also use more powerful enterprise-level middleware services.
There are additional cloud hosting options available. A regular VPS costs $50 per month, with individual and corporate services costing up to $2,000 per month. With 24/7 access to the currency markets and margins as low as 1%, the company also offers superior FX delivery services.
Traders must complete an online form to open an account. Identification documents and proof of residency are necessary, as is information regarding employment, education, and financial status. The broker only has one retail account available:
- 30x leverage
- A $5,000 deposit is required.
- Negative balance protection:
- FSCS protection is up to £50,000.
- Base currencies: GBP, USD, EUR, CHF, and JPY
A FIX API Professional Account is also available, which requires a $50,000 minimum deposit and offers 200x leverage with an $8 per million USD commission. Before opening a professional account, traders must demonstrate that they can meet several financial requirements and have trading experience.