Your capital is at risk.
MarketsVox (aka ForexVox) Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- no minimum
deposit
- MT5
- FSA
- 2008
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- no minimum
deposit
- MT5
- FSA
- 2008
Our Evaluation of MarketsVox
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
MarketsVox is a broker with higher-than-average risk and the TU Overall Score of 3.82 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by MarketsVox clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
The MarketsVox broker may not have outstanding features, but it offers many constructive advantages. It provides a wide range of assets, genuinely narrow spreads, reasonable commissions, and high leverage. Traders are unrestricted in their trading and have full customization of the MT5 trading platform, including trading widgets. The educational system is based on mentorship, is highly valued by experts, and will benefit clients at any level. The options for passive income are a significant advantage. However, the platform has significant regional limitations, does not include cryptocurrencies in its pool, and does not offer a referral program to individuals.
Brief Look at MarketsVox
Traders have access to currency pairs and CFDs on indices, commodities, and metals. In addition to a demo account, there are three real accounts, each of which can be transformed into a swap-free (Islamic) account. Spreads are market average, and the Standard account has no commission, while the ECN account has a commission of $6 per lot. Deposits and withdrawals can be made via bank cards, bank accounts, and electronic transfer systems. Passive income is available through the integrated copy trading service and MAM accounts. The broker also offers a partnership program for businesses. Traders operate through the MT5 trading platform (desktop, mobile, and browser versions). Educational resources include a glossary and mentorship (available upon request for a fee). New clients can expect three types of bonuses.
- A free demo account and no minimum deposit requirement for real accounts (though there is a recommended amount).
- The broker provides numerous widgets for fundamental and technical analysis (integrated with the MT5 trading platform).
- Narrow spreads combined with low commissions ensure clients have reasonable trading costs.
- Maximum leverage is 1:2000, and the platform does not impose restrictions on trading strategies and methods.
- MAM accounts and copy trading services enable traders to earn passive income and gain unique experience.
- The company is officially registered in Seychelles and regulated by the FSA SD142 (Financial Service Authority), ensuring transparency and reliability.
- Technical support is available via email, live chat, and a ticketing system on the website.
- Residents of Belgium, New Zealand, Iran, North Korea, the Korean Democratic People's Republic, and several other countries cannot collaborate with this broker.
TU Expert Advice
Financial expert and analyst at Traders Union
The trading brand MarketsVox is owned by ForexVox (Seychelles) Financial Services Ltd, which was initially based in London but later relocated to Seychelles. The broker is regulated by the FSA (Financial Service Authority), and the license has been verified. There are no recorded instances of this company failing to fulfill its obligations to clients, and the stated cooperation conditions are observed.
The broker's spreads are average, as are the trading commissions. There are no commissions for Standard accounts, while ECN accounts have a fee of $6 per full lot.
The platform provides a demo account for familiarizing oneself with its capabilities and practicing strategies. Additionally, upon client request, their account can be converted to swap-free mode. The maximum leverage is 1:2000, which is sufficient for generating substantial profits even with little capital. Also, the risk is not excessively increased (as is the case with leverage ratios of 1:1000, 1:2000, and higher). The broker's asset pool includes many of the most demanded currency pairs, as well as CFDs from four groups.
The passive income options include joint accounts like MAM and the proprietary copy trading service. Both features are implemented at a high-quality level, and there are no complaints about them. However, there are some concerns about client support as it does not operate on weekends, and there is no call center. Also, remember that this broker has certain regional restrictions.
MarketsVox Summary
Your capital is at risk. Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | MT5 |
|---|---|
| 📊 Accounts: | Standard, ECN, Cent |
| 💰 Account currency: | USD, EUR, GBP |
| 💵 Replenishment / Withdrawal: | Bank transfers, Visa/Mastercard debit, and credit cards, electronic wallets such as Neteller, SticPay, etc. |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | Up to 1:2000 |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | From 0 |
| 🔧 Instruments: | Currency pairs, CFDs on indices, commodities, and metals |
| 💹 Margin Call / Stop Out: | 100%/20% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market |
| ⭐ Trading features: |
Free demo account, three real accounts with no minimum deposit; Narrow spreads, and low commissions;< Two options for passive income are mam accounts and copy trading; Trading is only through mt5 platform; You can connect several brokerage widgets. |
| 🎁 Contests and bonuses: | up to 100% |
Often, if a broker offers multiple real accounts, the minimum deposit required depends on the account chosen by the client. However, it is different in the case of MarketsVox. There are only three real accounts, and there are no minimum deposit requirements. In other words, traders are free to deposit as much as they deem necessary, even as low as $1. The platform recommends $100 for a Standard account and $500 for an ECN account, but these are just recommendations and not mandatory conditions. The leverage does not depend on the account type; it is determined solely by the traded asset. The highest trading leverage is available for currency pairs, reaching 1:2000. As for this company's technical support, it operates around the clock on weekdays. Managers can be contacted via email, live chat on the website, and through the user account. Additionally, there is a standard ticket system available.
MarketsVox Key Parameters Evaluation
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Trading Account Opening
To start collaborating with this broker, you need to register on their official website, verify your information, make a deposit, and download the trading platform. TU experts explain below the sequence of actions and describe the capabilities of the MarketsVox user account.
Go to this broker's website. In the top right corner, select the language of the interface. Click on “Open Live Account”.
Choose how you would like to be addressed, enter your first and last names, date of birth, and complete address, including the postal code. Select your country of residence, and enter your email address and phone number. Finally, select the account type and only USD as the base currency. Agree to the terms of service by checking the box at the bottom. Click on “Finish”.
You will be taken to the user account, specifically the verification page. Here, you need to confirm the previously provided information. You can do this using the traditional method by submitting scans/photos of the required documents or through the VQA (Visual Question Answering) system. The second option is faster, but you can choose either method. Simply follow the instructions on the screen, and then wait for the verification process to be completed.
Click on “My Funds” in the left menu, then select “Make a Deposit”. Read the warning, choose the deposit method, and follow the instructions on the screen. Wait until the account balance is updated.
Click on “Downloads” in the left menu. Choose the version of the MT4 trading platform that suits you. Download the distribution and install the platform on your device. Launch it, enter the registration details received in the email sent to your provided email address, and start trading.
Your ForexVox user account also provides access to:
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Profile. Used to edit users’ personal data and change passwords.
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Dashboard. Displays summarized information about open accounts with detailed parameters.
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My Accounts. This section is used to open/close accounts and collect automated statistics.
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My Funds. Allows you to deposit funds, withdraw profits, and perform related operations.
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Verify Documents. This is the section where verification is initiated, and the progress of the verification is displayed.
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Joint Accounts. This section is necessary for connecting to MAM accounts as either a manager or investor.
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Downloads. This section allows traders to download the MT4 trading platforms.
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Affiliate Resources. This section is intended for business community representatives.
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Product Information. Displays useful information such as swaps, futures expiration dates, etc.
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Social. Provides the opportunity to switch to a copy trading platform (additional registration is required).
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Exported Reports. This section shows a list of reports that the trader has requested for their accounts.
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Contact Us. This section allows you to submit a ticket to client support from the user account.
Regulation and safety
When TU reviews a brokerage company, two factors can serve as security guarantees, registration and regulation. If a broker is not officially registered, it is a fraudulent organization, and it is best to avoid any involvement with it. If such a broker is registered but not regulated, it is important to understand that in case of a dispute, it will be extremely difficult, if not almost impossible, to recover your funds. That is why traders prefer to work with registered brokers whose licenses are verified. Currently, the parent company of MarketsVox is ForexVox (Seychelles) Financial Services Ltd, which is registered in Seychelles. Its operations are monitored by the local regulator, and the license number SD142 is confirmed. This means that the platform is committed to fulfilling its stated obligations, and in extreme cases, traders can always seek assistance from the FSA (Seychelles Financial Services Authority).
Where can you go for help?
- To MarketsVox’s client support
- To the FSA regulator
There is no point in contacting
- Financial control authorities outside Seychelles
- Other regulators.
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | Floating spread, from 10$ | No |
| ECN | Floating spread, from 0$, and with a $6 per lot commission | No |
Pay attention to the third column in the table, labeled “Withdrawal fee”. There are platforms where the fees are quite high, usually depending on the withdrawal channel and/or the asset. Sometimes, the withdrawal amount also matters. In this case, the first three withdrawals per month are free.
In the table below, TU presents the average trading fee indicators for MarketsVox and its closest competitors to clearly demonstrate the convenience of working with this company.
| Broker | Average commission | Level |
|---|---|---|
|
$5.5 | |
|
$1 | |
|
$8.5 |
Account types
Typically, traders first pay attention to the differences between the offered accounts. At MarketsVox, in addition to the demo account, there are three real accounts that differ only in spreads and trading commissions. The Standard account has higher spreads but no commission. The ECN account, on the other hand, has lower spreads but comes with a commission of $6 per full lot. In both cases, clients have access to leverage of 1:2000 and a full range of trading instruments. Therefore, the choice of account is not as crucial as with other brokers. Additionally, any account can be converted into an Islamic account (without swap fees) upon request. Also in the case of MarketsVox, there is no need to think about choosing a trading platform because this broker works only with MT5. Why specifically MT5? The answer is obvious! Most experts consider MetaTrader 4 as one of the best if not the best, trading software. Its conceptual advantage lies in the ability for extensive customization through hundreds of plugins.
Account types:
As a rule, users first open a demo account. This allows them to explore the platform and, if necessary, test various strategic decisions. Subsequently, they can register a real account of either type and start trading fully. If clients opt for mentorship, an experienced specialist assists them in making decisions and guides the trading process.
Deposit and Withdrawal
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If a trader is trading on a demo account, they cannot withdraw any real profit since they are using virtual currency.
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When switching to a Standard or ECN account, this broker's clients usually start trading with real funds and earning profits.
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At any time, the user has the option to submit a withdrawal request through the user account on this broker's website.
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Withdrawals are available to bank accounts, Visa/MC debit and credit cards, and e-wallets such as Neteller, and SticPay.
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On average, processing the request and receiving the funds take 1-3 days, but this depends on the withdrawal channel.
Investment Options
Passive income is an undeniable advantage of this brokerage platform, although it should be understood that traders mainly come here to trade and earn independently. Nevertheless, MAM and PAMM accounts and copy trading services can provide experienced players with additional income, while beginners can gain profits with reduced risks and relevant experience. That's why MarketsVox offers the aforementioned opportunities to its clients. The only thing missing from the standard list of additional income solutions here is a referral program. More specifically, it does exist, but it is designed for trading business representatives and entrepreneurs, not for individuals.
МАМ accounts
An experienced trader can become a manager of a unified account by connecting several sub-accounts to their account. The sub-accounts belong to investors, and the manager uses a portion of their funds when placing their trades. Of course, investors set limitations on the balance accessible to the manager. If a trade is successful, both the manager and investors receive profits proportional to the invested funds. Additionally, the manager charges investors a certain percentage for their services. However, if a trade is unsuccessful, everyone loses their trade.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Copy trading
In some ways, this service is similar to joint accounts. It also involves investors and an experienced market participant known as a signal provider. However, unlike the MAM manager, the copy trading service provider does not control the investors' accounts or have any direct relationship with them. They trade at their own pace, and anyone interested can connect to them and replicate their trading decisions. Again, investors can set limitations, such as copying a trade not in its entirety of $1,000 but only a certain percentage (e.g., $100). In the case of a successful trade, everyone earns profits equivalent to their investment, while an unsuccessful trade results in the universal loss of trade. Similar to MAM, the signal provider charges investors a fee for the services provided.
Customer support
Every trader sooner or later encounters a problem that they cannot solve on their own. It is important that at such times, a company's client support comes to the aid of the client with competent and prompt assistance. If client service specialists are slow to respond or unable to resolve the issue at hand, the trader is likely to become disappointed with the broker they are working with and may switch to a competitor. This is bound to happen if the support team consistently demonstrates incompetence. That's why most brokers strive to provide high-quality client service. In the case of MarketsVox, traders can contact the support team via email and live chat. The website also features a standard ticketing system. The specialists are available around the clock on weekdays.
Advantages
- Multiple channels of communication are available for contacting client support.
- You don't have to be an existing client of this broker to receive assistance.
Disadvantages
- No call center is available.
- Client support is not available on weekends.
You can use the following contact options:
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Email.
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Live chat on the website and in the user account.
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Ticket in the "footer" of any page.
The broker has official profiles on the following social platforms: Facebook, LinkedIn, Twitter, Instagram, and YouTube. You can also reach out to its managers there. It is recommended to follow this broker to stay updated on their events and not miss out on important news.
Contacts
| Foundation date | 2008 |
|---|---|
| Registration address | CT House, Office 9A, Providence, Mahe, Seychelles |
| Regulation |
FSA
Licence number: SD142 |
| Official site | https://marketsvox.com/en/ |
| Contacts |
Education
It is important for traders to continuously improve their theoretical knowledge. Each trader addresses this task individually, especially considering that there are several ways to do so, such as specialized literature (usually in electronic format), dedicated forums, webinars, and lectures. Some brokers, understanding their clients' desire to learn, offer them various options. Sometimes it's just expanded FAQs on trading, but often companies create comprehensive courses. MarketsVox positions itself in this regard. The broker's website provides a glossary for beginners, but no other materials are provided. However, there is a paid mentoring service where experienced market participants are constantly in touch with the trader and assist them in their trading activities. Currently, Adam Harris and Beat Nussbaumer act as mentors. They are experienced players with an impeccable track record, from whom even self-proclaimed professionals can learn a thing or two.
Therefore, MarketsVox clients only have free access to the glossary. The glossary should not be considered educational material in the traditional sense as it is more of a guide to the basics of trading. If a trader has some available funds, it is recommended to work with a mentor for at least some time, as it will provide valuable theory and real-world practice.
Comparison of MarketsVox with other Brokers
| MarketsVox | RoboForex | Pocket Option | Exness | Libertex | 4XC | |
| Trading platform |
MT5 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | Libertex, MT5, MT4 | MT5, MT4, WebTrader |
| Min deposit | No | $10 | $5 | $10 | 100 | $50 |
| Leverage |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:30 for retail clients |
From 1:1 to 1:500 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 1.2 point | From 1 point | From 0.1 points | From 0 points |
| Level of margin call / stop out |
100% / 20% | 60% / 40% | 30% / 50% | No / 60% | 50% / 50% | 100% / 50% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | $50 |
| Cent accounts | Yes | Yes | No | No | No | No |
Detailed review of MarketsVox
ForexVox (Seychelles) Financial Services Ltd has been operating on the international stage for many years. The company underwent a major rebranding when it moved from the United Kingdom to Seychelles. The rebranding was driven by internal decisions rather than a lack of trust from clients. Currently, this company provides brokerage services at a consistently high level, at least in terms of technical aspects. For example, every client has the opportunity to obtain a free Virtual Private Server (VPS). MarketsVox operates its data centers instead of leasing computing power. This indicates that MarketsVox is a serious organization that plans to continually enhance its technological infrastructure. In terms of security, this broker uses SSL protocols to ensure secure internet connections.
MarketsVox by the numbers:
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The minimum deposit is $0.
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The maximum leverage is 1:2000.
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There are 100+ trading instruments available.
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There are 10+ deposit/withdrawal options available.
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A welcome bonus for the first deposit is 100%.
MarketsVox is a Forex and CFD broker with comfortable trading conditions
For any broker, it is important to have a deep and diverse pool of financial instruments. The more assets available to a trader, the broader their trading opportunities and the easier it is to diversify risks. In this case, we are dealing with a pool that includes over 100 instruments, including currency pairs and CFDs. The contracts cover indices, commodities, and metals. A well-constructed investment portfolio allows traders to generate profits even in the face of an obvious negative trend in one instrument, thanks to the stable and progressive positions of others. An additional advantage is the moderate leverage of 1:2000. This level of leverage is sufficient to significantly increase profit potential. Trading risks also increase, but they will not be as substantial as with leverage of 1:1000 or higher.
Other services offered by MarketsVox:
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MAM accounts. Managers of joint accounts earn additional profits from commissions charged to investors. In turn, investors earn passive income with reduced risks.
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Copy trading. Signal providers earn additional income by charging fees to investors for successful trades. Investors, in addition to passive income, gain experience by observing skilled traders.
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Analytical widgets. The broker provides an economic calendar, calculators, charts, and other tools in the form of plugins for the MT trading platform and its copy trading service.
Advantages:
The broker is an excellent choice for beginner traders as there is no minimum deposit requirement, and a free demo account is available.
Clients enjoy the advantage of narrow spreads, a wide range of assets, and no trading restrictions.
The use of the MetaTrader 5 trading platform is a significant advantage as MT solutions are universal, user-friendly, and functional.
MAM accounts and copy trading services enable traders with different levels of experience and trading approaches to earn additional income.
MarketsVox mentorship has predominantly positive reviews, making it an accessible and valuable option for personal education.
User Satisfaction