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
- $100
- MetaTrader4
- MetaTrader5
- VFSC
- 2022
Our Evaluation of Pure Market Broker
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
Pure Market Broker is a moderate-risk broker with the TU Overall Score of 5.33 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Pure Market Broker clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Pure Market Broker is a regulated broker for traders who prefer trading with close-to-zero spreads and high leverage.
Brief Look at Pure Market Broker
Pure Market Broker was registered in August 2016. Its activities are regulated by four financial commissions, but the Global international office is controlled by the Vanuatu Financial Services Commission (VFSC, 14801). The broker provides access to the Forex market and trading CFDs on indices, energies, and metals. Pure Market Broker’s clients can also trade cryptocurrencies. The broker provides leverage, MetaTrader trading platforms, and up-to-date market data.
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- Regulation at the international level;
- WebTrader, desktop and mobile versions of MetaTrader 4/MetaTrader 5;
- Spreads from 0 pips;
- PAMM accounts for passive investment;
- Leverage up to 1:200;
- Access to copying trades of experienced traders;
- 24-hour live chat on weekdays.
- The minimum deposit is $100/€100;
- No cent and Islamic accounts. Fees per lot are charged on all account types;
- Fees are withheld for all withdrawals.
TU Expert Advice
Author, Financial Expert at Traders Union
Pure Market Broker offers access to Forex and CFDs on indices, energies, metals, and cryptocurrencies through MetaTrader 4 and MetaTrader 5 platforms. Traders benefit from tight spreads starting at 0 pips, leverage up to 1:200, and the option to invest in PAMM accounts or copy trades. The broker provides a range of deposit and withdrawal methods.
However, Pure Market Broker has several drawbacks, such as a minimum deposit requirement of $100, fees on withdrawals, and commissions per lot on all account types. It lacks Tier-1 regulation and offers no cent or Islamic accounts. Consequently, Pure Market Broker may not be suitable for traders prioritizing robust regulation and flexible fee structures.
Pure Market Broker Trading Conditions
| 💻 Trading platform: | МetaТrader 4 and MetaTrader 5 |
|---|---|
| 📊 Accounts: | Demo MT4, Demo MT5, MT4 account, and MT5 account |
| 💰 Account currency: | USD and EUR |
| 💵 Deposit / Withdrawal: | Bank wire (SEPA and Swift), FasaPay, PIX Payment, GTBank, Etana Custody, Boleto, and cryptocurrencies |
| 🚀 Minimum deposit: | $100 |
| ⚖️ Leverage: | Up to 1:200 |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,1 pips |
| 🔧 Instruments: | Forex pairs, metals, cryptocurrencies, energies, and indices |
| 💹 Margin Call / Stop Out: | 150%/100% |
| 🏛 Liquidity provider: | 21 providers |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market execution |
| ⭐ Trading features: | Trading currencies is subject to fees per lot |
| 🎁 Contests and bonuses: | No |
Pure Market Broker accounts have floating spreads subject to the trading platform, trading asset, and market volatility. Accounts can be opened in USD or EUR, and deposits made in other currencies are converted into USD and EUR. For all currencies, a fee per lot is charged. The maximum trade volume is 50 lots. Each client can place up to 300 orders. The type of execution is market. The broker does not provide Islamic accounts or bonuses.
Pure Market Broker Key Parameters Evaluation
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Trading Account Opening
To become a client of Pure Market Broker, register on its official website. Below are instructions on registration:
Click the “Sign Up” button at the top of any page of the website or the “Start Trading Now” button in the center of the main page.
Next, in the account creation form specify your first and last names, phone number, and email. Check your email for your new user ID, which consists of 6 digits, and a password to enter your user account. The password can be changed upon verification.
First steps upon creation of the user account with Pure Market Broker:
Features of the user account:
Download the trading platform;
Tracking the statistics of investing in PAMM accounts;
Analyzing the effectiveness of social trading;
Reviewing the list of placed and previously closed orders;
Contacting technical support.
Regulation and safety
Pure Market Broker has a safety score of 3.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Not tier-1 regulated
Pure Market Broker Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 VFSC |
Vanuatu Financial Services Commission | Vanuatu | No specific fund | Tier-3 |
Pure Market Broker Security Factors
| Foundation date | 2022 |
| Negative balance protection | No |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Pure Market Broker have been analyzed and rated as Low with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Pure Market Broker with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Pure Market Broker’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Pure Market Broker Standard spreads
| Pure Market Broker | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,1 | 0,5 | 0,1 |
| EUR/USD max, pips | 0,4 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,2 | 0,4 | 0,1 |
| GPB/USD max, pips | 0,4 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Pure Market Broker RAW/ECN spreads
| Pure Market Broker | Pepperstone | OANDA | |
| Commission ($ per lot) | 6,5 | 3 | 3,5 |
| EUR/USD avg spread | 0,1 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,1 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Pure Market Broker. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Pure Market Broker Non-Trading Fees
| Pure Market Broker | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
Pure Market Broker has 2 account types with market execution and maximum leverage up to 1:200. The accounts differ in the minimum deposit, fees, range of trading instruments, and speed of order execution.
Account types:
All clients of the broker can open demo accounts. This can be done both in the MT4 and MT5. Pure Market Broker offers the most sought-after Forex trading platforms and account types with low spreads and high leverage.
Deposit and withdrawal
Pure Market Broker received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Pure Market Broker provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- No withdrawal fee
- Minimum deposit below industry average
- BTC available as a base account currency
- Low minimum withdrawal requirement
- Only major base currencies available
- Wise not supported
- No bank card option
What are Pure Market Broker deposit and withdrawal options?
Pure Market Broker provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Wire, BTC, USDT, Ethereum.
Pure Market Broker Deposit and Withdrawal Methods vs Competitors
| Pure Market Broker | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | No | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | Yes | No | No |
What are Pure Market Broker base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Pure Market Broker supports the following base account currencies:
What are Pure Market Broker's minimum deposit and withdrawal amounts?
The minimum deposit on Pure Market Broker is $100, while the minimum withdrawal amount is $20. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Pure Market Broker’s support team.
Markets and tradable assets
Pure Market Broker offers a limited selection of trading assets compared to the market average. The platform supports 300 assets in total, including 55 Forex pairs.
- Indices trading
- Crypto trading
- 55 supported currency pairs
- Futures not available
- No ETFs
Supported markets vs top competitors
We have compared the range of assets and markets supported by Pure Market Broker with its competitors, making it easier for you to find the perfect fit.
| Pure Market Broker | Plus500 | Pepperstone | |
| Currency pairs | 55 | 60 | 90 |
| Total tradable assets | 300 | 2800 | 1200 |
| Stocks | No | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products Pure Market Broker offers for beginner traders and investors who prefer not to engage in active trading.
| Pure Market Broker | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | Yes | No | Yes |
| Managed accounts | No | No | No |
Customer support
Support is not available on weekends when markets are closed. On weekdays, Pure Market Broker representatives are available 24/5 for the broker’s clients or website visitors.
Advantages
- 24-hour support during trading sessions
- Many communication channels
Disadvantages
- Client service is not available on Saturdays and Sundays
- Chat operators answer only general questions about trading conditions
Support can be contacted in the following ways:
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live chat;
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telephone;
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feedback form;
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email.
The Pure Market Broker website contains email addresses of various departments, such as Information, Partner Relations, Back Office, and Trading Desk. Also, you can request data on the regulation of the Vanuatu market and the compliance of Pure Market Broker with the legislation of this country by email.
Contacts
| Foundation date | 2022 |
|---|---|
| Registration address | Pure M Global Ltd, Lolam Building on Kumul Highway, land # 11/OD22/021, Port Vila, Vanuatu |
| Regulation | VFSC |
| Official site | https://puremarketbroker.com/ |
| Contacts |
+44 20 36 088 986
|
Education
The Education section of the website has video tutorials by the head of investment and marketing research at Pure Market Broker, useful articles for Forex traders, and explanations of concepts important for understanding the market.
You can use demo accounts to learn how to trade. They are free and allow you to trade with virtual funds, that is, without any risk.
Comparison of Pure Market Broker with other Brokers
| Pure Market Broker | Eightcap | XM Group | RoboForex | NPBFX | 4XC | |
| Trading platform |
MetaTrader4, MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4 | MT5, MT4, WebTrader |
| Min deposit | $100 | $100 | $5 | $10 | $10 | $50 |
| Leverage |
From 1:1 to 1:200 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:200 to 1:1000 |
From 1:1 to 1:500 |
| Trust management | No | No | No | No | No | Yes |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0.4 points | From 0 points |
| Level of margin call / stop out |
150% / 100% | 80% / 50% | 100% / 50% | 60% / 40% | No / 30% | 100% / 50% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Instant Execution, Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | $50 |
| Cent accounts | No | No | No | Yes | No | No |
Detailed review of Pure Market Broker
Pure Market Broker is an international STP (Straight-Through Processing) broker that is regulated by several financial commissions and provides trading accounts with tight spreads. Its clients can earn money from both active currency and CFD trading and passive investment. They have access to trades with leverage, 24-hour support during trading sessions, partnership programs, and high speeds for order executions.
Pure Market Broker by the numbers:
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Over 7 years of operational activity;
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Traders from more than 55 countries use the services of the broker;
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Over 80 trading instruments;
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Insurance coverage is up to $500,000 per client.
Pure Market Broker is a broker for active and passive income
Pure Market Broker offers clear trading conditions. Each client can choose a convenient trading platform and open a live account. All MT5 account holders have a wider choice of assets, but the minimum deposit for them is 10 times higher than for MT4 accounts. However, clients who have chosen MT4 can invest in PAMM accounts that are managed by experienced traders. Pure Market Broker also invites successful managers, not just passive investors. The maximum trading leverage for European traders is 1:30, for clients from other regions it is 1:200.
Pure Market Broker provides MetaTrader 4 and MetaTrader 5. Both trading platforms are available in three versions, such as desktop for Windows and mobile applications for Android and iOS devices. MT4 WebTrader is also available.
Useful services offered by Pure Market Broker:
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FIX API [Financial Information Exchange (FIX) API]. It allows you to create your own trading platform with a user-friendly interface, receive real-time market data, and send or modify orders and positions;
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Video tutorials. These are instructions on opening a trading account with Pure Market Broker, depositing funds, investing in PAMM accounts, and submitting withdrawal requests. You can also watch a short video on how to change your MT4 and investor passwords;
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The broker’s profiles on social networks. Pure Market Broker's Facebook and Instagram pages help traders keep up-to-date with the market. The company's analysts publish Forex forecasts, give recommendations on the purchase/sale of various assets, and discuss upcoming events that may affect the price of financial instruments;
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Real-time Forex quotes. Data is broadcast for major currency pairs, as well as USD/HKD and EUR/GBP. The financial information provider is TradingView.
Advantages:
The broker ensures maximum safety of its clients' funds by keeping them in separate accounts in 1-tier banks;
Pure Market Broker does not overcharge trading fees, that is, its spreads and fees per lot are similar to those of its competitors;
The company's clients can combine active trading with copying successful trading strategies or investing in PAMM accounts;
Traders from European countries can choose which representative office, Global or European, to work with, trading conditions depend on this decision;
The broker's website has a lot of useful information for novice and experienced traders, such as Forex quotes, forecasts, and analytics. Also, traders can learn how to trade currencies and CFDs.
The Pure Market Broker website and a trader's user account are available in 7 languages, which makes them easy to use for residents of different countries.
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