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Overview

MyTradeMarkets was founded in 2010 by five professional traders, who had decided to create on its site the most favorable trading conditions on global financial markets, primarily on the foreign exchange.

Broker enables all customers to pass free training of currency trading using print materials and webinars, which are held regularly. Traders of the broker can count on attractive Forex bonuses, as well as take part in contests, where good prizes are drawn. In addition to a variety of promotions, MyTradeMarkets provides all traders, who have more than $500 on their trading accounts, with free VPS hosting that allows users to trade on the Forex market stably and smoothly.

Bonuses

MyTradeMarkets organizes for its traders a wide variety of contests and promotions, where good Forex bonuses and cash prizes can be won.

Welcome no deposit Forex bonus is intended for new customers. To get this bonus, users need to be registered as customers in the broker MyTradeMarkets and then they should log in, opening a trading account "Welcome Bonus". After opening the account, it is necessary to send an application form to the support service by e-mail [email protected] When the application is considered, no deposit Forex bonus of $15 will be accrued to the account of the new client. It will be available for trading on the Forex market.

Forex 20% deposit bonus is available for all traders of the broker and can be obtained only once. Clients should open a trading account Classic to receive the bonus and credit to it funds using one of the available methods. Forex bonus is accrued on any amount from 50 Euro or 70 dollars, and its maximum amount does not exceed 5,000 EUR. Bonus funds become immediately available for trading on the international Forex market and users will need to make a trade turnover, which is calculated by the employees of the broker based on the credited sum, to withdraw them from the account.

MyTradeMarkets holds periodically a contest on demo accounts World Forex Tour. Customers should be registered in it to participate in the contest and make a deposit at $5, sending a notification to employees of the broker about depositing funds. All funds, credited while signing up for the contest, form the total prize pool and the broker adds another 20% to the resulting sum, increasing it. All participants are provided with the startup capital, comprising $10,000, and the complete freedom of action in trading on the foreign exchange market, i.e. it is possible to use any trading strategy, all kinds of Forex expert advisors, scalping etc. At the end of the contest the results are summarized and traders, who have obtained the greatest profit for the time of the contest, become owners of cash prizes. There are only three prize places in the contest.

Distribution of the contest prize pool:

- the 1st place - 50% of the prize pool sum

- the 2nd and the 3rd places - 25% of the prize pool sum.

Winners have the right to dispose of cash prizes at their own discretion, namely, to use them for trading on the Forex market or to withdraw them from the account without any restrictions.

The contest Currency Forecast takes place in a social network of traders Trade-Room, which is an integral part of the MyTradeMarkets. Every Thursday the broker announces a currency pair. It is necessary to predict the price of this currency pair at 9.00 a.m. (Moscow time) on Friday. Predictions are accepted until 11.00 p.m. (Moscow time), Thursday. Three traders, who point out the most accurate price, become winners and get Forex bonuses of $50. Bonuses can be used to trade on the foreign exchange market and they can be withdrawn from the account after at least 50 trading transactions on Forex.

The promotion Payment for Communication is available for all clients of the broker. Clients should be registered in the social network of traders Trade-Room and start to chat with other participants according to the rules of the promotion. The broker will accrue money to the trading accounts of the participants for every useful and interesting message.

Payouts for communication in the social network:

- comment - $0.03

- blog note - $0,10

- unique news about the Forex market $0.10

- analytical data - $0.15.

Received for the promotion funds become immediately available for trading on the Forex market.

Training

All clients of the Forex broker MyTradeMarkets have the opportunity to study Internet trading for successful trading on the foreign exchange market in the future. On the site of the broker numerous educational print materials are published and regular webinars are also held.

Tutorials for novice traders:

1. Basics of technical analysis of the financial markets:

- introduction

- types of trading charts

- features of the trading platform Meta Trader 4

- order execution on the foreign exchange market

- time intervals

- the use of chart tools

- technical Forex indicators

- computer trading indicators

- graphical indicators

- moving averages.

2. Basics of fundamental analysis of the financial markets:

- the world economy and the influence of central banks on it

- global financial markets

- international currency market

- stock exchange market

- precious metals market

- main economic indicators

- indices

3. Money management on the currency market

- rules of the money management while trading on the Forex market

- risk management (technical aspects)

- risk management as a profession.

Webinar about the foreign exchange market:

1. What is the foreign exchange market?

2. How to start trading on the Forex market?

3. Participants of the currency market and its opportunities.

4. How to make a profit on foreign exchange rates changes?

5. Factors that affect currency rates.

6. How to conduct transactions using trading platforms?

7. Where should traders invest for the highest profit?

Novice traders can request personal training by sending an application form to employees of the broker. Training will be conducted through Skype by a professional trader.

All customers of the MyTradeMarkets can open a free demo account, which allows them to trade with virtual money on the foreign exchange market using real currency rates.

Terms of trading

MyTradeMarkets offers the following trading conditions for traders:

- the foreign currency account (the base currency)

- the minimum deposit is $50

- the leverage is from 1:1 to 1:500

- a lot of currency pairs, securities, gold, silver, futures)

- spread is fixed from 2 points (the floating one is from 0.4 points)

MetaTrader 4

- multi-language support

- order execution - Market Execution and Instant Execution

- a lot of embedded technical Forex indicators

- creation and installation of new Forex expert advisors in MetaQuotes Language 4

- quotes export via DDE

- chart printing.

MyTradeMarkets Forex broker offers traders two types of trading accounts for trading on the foreign exchange market:

- Classic

- Market Pro (ECN/NDD).

Trading account Classic:

- the minimum deposit is $50

- currency quotes - 4 digits after the decimal point

- the minimum lot size is 0.01

- order execution - 0.1 seconds

- spread is fixed from 2 points

- the leverage is from 1:1 to 1:500

- no commission fee

- Margin Call / Stop Out - 50%/50%

- market swap

- automated trading is available.

Trading account Market Pro (ECN/NDD):

- the minimum deposit is $250

- currency quotes - 5 digits after the decimal point

- the minimum lot size is 0.01

- order execution - 0.02 seconds

- spread is floating from 0 points

- the leverage is from 1:1 to 1:200

- commission fee is $3 for 1 lot

- Margin Call / Stop Out - 30%/30%

- market swap

- automated trading is available.

Forex indicators (recommended)

- TradeBreakOut

- Market Profile

- Price Alert

- TzPivots

- Oscilator2.

Forex expert advisors (recommended)

- Framework (an automated Forex expert advisor that uses a few time-tested technical indicators to analyze the Forex market, allowing it to make a profit from trading on the Forex market in most cases)

- Gepard 5.0 (a universal Forex expert advisor that has at its disposal a variety of tools for the analysis, so it can be set up for trading any currency pair and at any distance)

- Spike Trader (an automated Forex expert advisor that uses candlestick analysis to analyze the market, allowing it to determine the optimal market entry and exit points, making a fairly large profit).

Investments

On the website of the MyTradeMarkets customers can invest money in trading accounts CopyTrade and SignalTrade. On these accounts investors are able to copy the actions of professional traders who continuously make a profit while trading on the foreign exchange market. Broker advises novice investors to use the trading account CopyTrade and experienced traders should better choose SignalTrade.

Unique features

MyTradeMarkets offers traders to become participants of its affiliate program that allows them to earn extra income by attracting new customers.

The affiliate program has several forms. It is intended both for natural and legal persons. To become a participant of the affiliate program, the customer should contact the employees of the broker, which will offer the most convenient option for mutually beneficial cooperation.

Add/withdraw funds

MyTradeMarkets provides traders with the following methods of depositing and withdrawal of funds from accounts: PayPal, LiqPay, VISA, MasterCard, Alpha-click, QIWI, PayOnline, WebMoney, RBK Money, Skrill, Money Mail, EasyPay, Money Mail.ru and bank transfers.

Contacts

MyTradeMarkets provides the comprehensive support to its customers through Skype mytrade.markets, by online chat and e-mail addresses: [email protected] (general questions), [email protected] (technical questions), [email protected] (questions about trading on the foreign exchange market). Traders can also contact the broker by phone: (+372) 600 55 05 and (+372) 56 85 45 06.

Cons and pros

+ the dynamically developing broker

+ the minimum deposit is $50

+ small spread

+ good leverage

+ no deposit Forex bonus

+ deposit Forex bonus

+ contests on demo accounts

+ online training.

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