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DEMARKET

Seychelles|1-2 years|
Suspicious Scope of Business|High potential risk|

https://demarketfx.com/

Website

Rating Index

Contact

support@demarketfx.com
https://demarketfx.com/
Office 3, Providence Complex, Room B11, First Floor, Providence.

Licenses

No valid regulatory information, please be aware of the risk!

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Company Name

DEMARKET

Abbreviation

DEMARKET

Platform registered country and region

Seychelles

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-11-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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DEMARKET · WikiFX Survey

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DEMARKET · Company Summary

Note: The information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

DEMARKET Review Summary
Registered Country/Region Seychelles
Regulation Unregulated
Market Instruments Forex, indices, futures and stocks
Demo Account Available
Leverage 1:1 - 1:500
EUR/ USD Spread from 0.1 pips
Trading Platform MT4
Minimum Deposit $100
Customer Support 24/5/365 Email: support@demarketfx.com

What is DEMARKET?

DEMARKET, with over a decade of experience, operates from the Seychelles, offering a diverse range of market instruments including forex, indices, futures, and stocks. Despite being unregulated, DEMARKET implements protective measures such as Negative Balance Protection and segregated client funds. With an impressive monthly trading volume exceeding $100 billion, DEMARKET provides traders with access to the renowned MT4 platform, featuring competitive spreads starting from 0.1 pips on EUR/USD.

DEMARKET's homepage

If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Pros & Cons

Pros Cons
Diverse Range of Market Instruments Lack of Regulation
Competitive Spreads Limited Customer Support Channels
Protective Measures
Access to MetaTrader 4
lexible Account Types

Pros:

- Diverse Range of Market Instruments: DEMARKET offers a wide variety of trading instruments including forex, indices, futures, and stocks, providing traders with ample opportunities to diversify their portfolios.

- Competitive Spreads: The platform boasts competitive spreads, starting from as low as 0.1 pips on major currency pairs like EUR/USD, which can potentially lead to lower trading costs for clients.

- Protective Measures: DEMARKET prioritizes user security by implementing protective measures such as Negative Balance Protection and segregating client funds from operational funds, enhancing the safety of client assets.

- Access to MetaTrader 4: Traders have access to the popular MetaTrader 4 (MT4) platform, renowned for its robust features, advanced charting tools, and compatibility with automated trading systems, providing a comprehensive trading experience.

- Flexible Account Types: DEMARKET offers multiple account types tailored to meet the varying needs and preferences of traders, ensuring a customized trading experience for all levels of expertise.

Cons:

- Lack of Regulation: One of the significant drawbacks of DEMARKET is its lack of valid regulation, which may raise concerns among some traders regarding the platform's reliability and oversight.

- Limited Customer Support Channels: While DEMARKET offers customer support via email 24/5/365, some traders may find the absence of additional support channels, such as live chat or phone support, limiting in terms of immediate assistance.

Is DEMARKET Legit?

DEMARKET promotes several protective measures to enhance user security, including safeguards such as Negative Balance Protection, which shields clients from owing more than their initial investment. Additionally, they implement the practice of segregating and supervising client funds, ensuring that user assets are kept separate from the company's operational funds, thus providing an added layer of financial security.

Protection measures

However, DEMARKET currently lacks valid regulation, meaning they operate without oversight from government or financial authorities. This absence of regulation poses inherent risks to investors, as it implies a lack of accountability and transparency in the platform's operations. In such a scenario, the individuals managing the platform could potentially abscond with users' funds without facing legal repercussions, leaving investors vulnerable to financial losses and fraud.

Market Instruments

DEMARKET offers a diverse range of trading instruments across various asset classes:

- Forex: Trade over 30 major, minor, and exotic currency pairs, providing opportunities to capitalize on fluctuations in global currency markets. This includes pairs such as EUR/USD, GBP/JPY, USD/JPY, and more.

- Indices: Access 15 of the most famous global indices, allowing traders to speculate on the performance of stock markets worldwide. Indices offered may include popular benchmarks like the S&P 500, FTSE 100, DAX 30, and Nikkei 225.

- Futures: Trade futures contracts on commodities including Gold, Silver, Brent Crude Oil, WTI Crude Oil, Natural Gas, and Coal. Futures trading enables traders to take positions on the future price movements of these commodities, providing opportunities for hedging and speculation.

- Stocks: Trade over 100 major stocks from various global exchanges, offering exposure to leading companies across different industries. Stocks available for trading may include well-known names such as Apple, Amazon, Google, Microsoft, and more.

Market Instruments

Account Types

DEMARKET offers four types of trading accounts, each tailored to meet the varying needs and preferences of traders:

- Standard Account:

Minimum Deposit: $100

Minimum Lot Size: 0.01

- Pro Account:

Minimum Deposit: $500

Maximum Lot Size: 20

- Premium Account:

Minimum Deposit: $500

Minimum Lot Size: 0.01

Maximum Lot Size: 20

- ECN Account:

Minimum Deposit: $500

Maximum Opening Position: Unlimited

Stop Out Level: 50%

All accounts offer the flexibility to trade with a minimum lot size of 0.01 and a maximum lot size of 20, with unlimited maximum opening positions. Additionally, the stop-out level for all accounts is set at 50%.

DEMARKET also provides demo accounts for traders who wish to practice and familiarize themselves with the platforms features and functionalities before engaging in live trading with real funds.

Account comparison
Account Type Minimum Deposit Minimum Lot Size Maximum Lot Size Maximum Opening Position Stop Out Level
Standard $100 0.01 20 Unlimited 50%
Pro $500
Premium
ECN

How to Open an Account?

To open an account with DEMARKET, please follow these steps:

Step 1 Visit the DEMARKET website or download the mobile app.
Step 2 Click on the “Sign Up” or “Open Account” button.
Step 3 Fill out the registration form with your personal details: name, email, password, etc.
Step 4 Enter your mobile number, country code, country, state, city, gender, and detailed address.
Step 5 If you have an invitation code, enter it in the designated field.
Step 6 Complete any necessary captcha or verification code.
Step 7 Upload images of the front and reverse sides of your ID card in jpg or png format.
Step 8 Review and confirm your information.
Step 9 Once verified, deposit funds using one of the accepted payment methods.
Step 10 Start trading on the DEMARKET platform using your newly created account.
fill in required info

Leverage

DEMARKET provides leverage ranging from 1:1 to 1:500, allowing traders to amplify their trading positions with relatively small initial capital. Leverage enables traders to control larger positions than their initial investment would typically allow, potentially magnifying profits.

Traders should approach leverage with caution and fully comprehend its implications before utilizing it in their trading strategies. While higher leverage offers the potential for greater returns, it also heightens the level of risk involved.

Trading Platform

DEMARKET provides its clients with access to the popular MetaTrader 4 (MT4) trading platform, known for its robust features and user-friendly interface. With MT4, traders can execute a wide range of financial instruments, including forex, commodities, indices, and cryptocurrencies, all from a single platform.

One of the standout features of DEMARKET's MT4 platform is its compatibility with automated trading systems, known as Expert Advisors (EAs). Traders can develop or purchase EAs to automate their trading strategies, allowing for around-the-clock trading without the need for constant monitoring. This feature is particularly beneficial for traders who seek to capitalize on market opportunities even when they're away from their screens.

MT4

Promotions

DEMARKET offers a range of promotional incentives to enhance and reward user trading activities:

  1. Daily Interest Benefit: Available to all account types with a minimum balance of $5,000 USD and over 2 lots traded, offering a daily interest of 0.03%.

  2. First Time Registration Cash Back Campaign (15/6/2023 to 31/12/2023): New registrants who meet specific deposit and trading requirements within 60 days can earn up to 10% cashback on their net deposit, capped at $5,000 USD.

  3. 10% Signup Credit Bonus: New customers opening an account receive a 10% bonus on their initial deposit.

Deposits & Withdrawals

DEMARKET offers a convenient and diverse range of options for both depositing and withdrawing funds, catering to the preferences of traders worldwide. Accepted payment methods include major credit and debit cards such as VISA and Mastercard, providing a seamless and familiar experience for users. Additionally, the platform supports popular e-wallet services like Skrill, PayPal, and NETELLER, offering secure and efficient transactions for those who prefer alternative payment solutions.

For traders interested in digital currencies, DEMARKET also facilitates deposits and withdrawals via Bitcoin, tapping into the growing popularity and accessibility of cryptocurrency transactions.

Payment methods

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Email: support@demarketfx.com

Address: Office 3, Providence Complex, Room B11, First Floor, Providence

Conclusion

In conclusion, DEMARKET offers a comprehensive range of trading instruments and competitive spreads to traders worldwide. The platform prioritizes user security through protective measures. DEMARKET provides a user-friendly trading environment through the MetaTrader 4 platform, catering to the diverse needs of traders at all levels. However, its lack of regulation, limited customer support channels, and Seychelles-based operation are notable considerations for traders. Despite these drawbacks, DEMARKET continues to strive towards providing accessible and transparent market access for retail clients globally.

Frequently Asked Questions (FAQs)

Question 1: Is DEMARKET regulated by any financial authority?
Answer 1: No. It has been verified that this broker currently has no valid regulation.
Question 2: How can I contact the customer support team at DEMARKET?
Answer 2: You can contact via email: support@demarketfx.com.
Question 3: Does DEMARKET offer demo accounts?
Answer 3: Yes.
Question 4: What platform does DEMARKET offer?
Answer 4: It offers MT4.
Question 5: What is the minimum deposit for DEMARKET?
Answer 5: The minimum initial deposit to open an account is $100.
Question 6: At DEMARKET, are there any regional restrictions for traders?
Answer 6: Yes. It does not provide services for residents in the United States.

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. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

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