Overview of Markup Trade
Markup Trade, founded in 2017 and headquartered in Montenegro, offers a range of trading instruments including Forex, global indices, stocks, commodities, cryptocurrencies, and energies. However, it operates without regulation, which may pose concerns about fund safety and transparency.
Is Markup Trade Legit?
Markup Trade is not regulated by any recognized financial regulatory authority.
Pros and Cons
Trading Instruments
MarkUP Trade offers a diverse range of trading instruments including Forex, Global Indices, Stocks, World Stock Exchanges,Commodities, Crypto, and Energies.
Here is a comparison table of trading instruments offered by different brokers:
Account Types
Markup Trade offers three account types: GOLD, PLATINUM, and VIP. Each account type includes features such as access to a demo account for testing, 24/5 customer support, free analysis, bonus offers, and special reports. Additionally, PLATINUM and VIP accounts provide spread discounts, with VIP accounts further offering customized reports, customized spreads, and swap-free options.
Demo Account
Markup Trade also provides a Forex Demo Account that allows traders to enhance their skills through risk-free trading. This complimentary account is ideal for both beginners and experienced traders to practice strategies, explore platform features, and gain market experience without financial risk.
How to Open an Account?
Opening an account with Markup Trade is a simple and straightforward process that can be completed online in just a few steps. Heres how you can get started:
- Register: Visit the Markup Trade website and locate the account registration page.
- Fill Out the Registration Form: Provide your personal details in the form. You will need to enter your:
- Name
- Surname
- Telephone number
- Email address
- Password
- Verification Code: Enter the verification code provided on the registration page (e.g., SdJB4p) to ensure security and proceed with your registration.
- Submit the Form: After filling out all required fields and entering the verification code, review your information for accuracy and submit the form.
- Account Verification: Following submission, you may be required to verify your identity and contact information through additional documentation or steps as directed by Markup Trade.
- Activation: Once your account is verified, it will be activated, and you can start using Markup Trade's services.
Spreads & Commissions
Markup Trade offers spreads on its trading instruments, including floating spreads starting from 0.5 points, fixed spreads starting from 3 points, and zero spreads. Additionally, Markup Trade does not charge commissions on trades, ensuring transparent and straightforward pricing for traders.
Trading Platforms
Markup Trade offers the MetaTrader 5 trading platform, available on both mobile and desktop devices.
Customer Support
Markup Trade provides customer support via email and phone. Traders can reach out with questions or inquiries by emailing info@markuptrade.com or calling the provided phone number +382 20 677 886. The company has headquarters in Roseau, Dominica, and a branch in Podgorica, Montenegro.
Educational Resources
Markup Trade offers educational resources focused on Forex trading, including a Forex glossary, Forex trading guides, and technical analysis materials.
Bonus
Markup Trade's bonus offering includes a “Risk-Free Trading Assurance” promotion, covering traders' losses during an initial lock-in period of 5 days up to a maximum insurance amount of 500 USD, provided traders meet specific lot trading requirements. Profit withdrawals up to 500 USD are allowed after meeting the lot requirement, but incomplete lot trading results in deductions. This promotion is a one-time benefit and cannot be combined with other ongoing promotions.
Conclusion
In conclusion, Markup Trade offers traders a diverse selection of trading instruments, bonus incentives, and educational resources to support their trading journey. However, its lack of regulatory oversight poses potential risks concerning fund safety and transparency. Traders should weigh these advantages against the disadvantages when considering engaging with Markup Trade.
FAQs
What trading instruments are available on Markup Trade?
Markup Trade offers a variety of trading instruments, including Forex, global indices, stocks, commodities, cryptocurrencies, and energies.
Does Markup Trade offer educational resources for traders?
Yes, Markup Trade provides educational resources such as trading guides and technical analysis materials to assist traders in their learning journey.
Are there any bonus offerings provided by Markup Trade?
Yes, Markup Trade offers bonus incentives to traders, providing additional benefits for their trading activities.
How can I contact Markup Trade's customer support?
You can reach Markup Trade's customer support team via email at info@markuptrade.com or by phone at +382 20 677 886.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors.
