Pure Market Broker Review 2024

2.98/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Minimum deposit:
  • $100
Trading platform:
  • MetaTrader4
  • MetaTrader5
Regulation:
  • VFSC
Foundation date:
  • 2022
Updated:
2.98/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Minimum deposit:
  • $100
Trading platform:
  • MetaTrader4
  • MetaTrader5
Regulation:
  • VFSC
Foundation date:
  • 2022
flag
Pure Market Broker isn't available in United States
Check out the best Forex brokers

Our Evaluation of Pure Market Broker

2.98/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Traders Union icon

Pure Market Broker is a high-risk broker with the TU Overall Score of 2.98 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 does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. Pure Market Broker ranks 313 among 413 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.

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.

Advantages of trading with Pure Market Broker:
  • 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.
Disadvantages of Pure Market Broker:
  • 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

Anton Kharitonov

Financial expert and analyst at Traders Union

Pure Market Broker has been working in the Forex market for over 7 years. It has two offices in Cyprus and Vanuatu, and provides services to clients worldwide. Traders have access to trading currency pairs, cryptocurrencies, CFDs on stock indices, metals, and energies. They can trade with leverage, use algorithmic programs to place orders, or use the API (Application Programming Interface) if desired.

Requirements for the first deposit differ depending on the trading platform. For MT4 accounts the minimum deposit is $100/€100, for MT5 Accounts it is $1,000/€1,000. Money can be deposited using e-wallets, bank transfers, or cryptocurrencies. However, it will not be possible to deposit less than $5,000/€5,000 through Etana Custody.

Pure Market Broker does not offer cent accounts. However, each trader can practice on a demo account before opening a live account and depositing funds. The broker's website has educational materials that will help you learn how to trade Forex. The company also broadcasts currency quotes, market analytics, and tips for novice traders. All this information can be used to develop your own successful strategy.

Pure Market Broker Summary

💻 Trading platform: МetaТrader 4 and MetaTrader 5
📊 Accounts: Demo MT4, Demo MT5, MT4 account, and MT5 account
💰 Account currency: USD and EUR
💵 Replenishment / 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
💱 Spread: From 0 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
📋 Orders 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

User Satisfaction

Score:
2.7/10

Share your experience

  • Best
  • Last
  • Oldest
Avatar
Avatar
daretomafeg37
43 weeks ago

While Pure Market has a reputation for being a serious and reliable company, I faced some problems here. A week ago, I contacted support via live chat to discuss a slippage issue that resulted in $100 loss. I was told to write a complaint to the email, as it is done with all such companies. However, any one has responded neither in live chat nor to the email for a week now. I wonder if Pure Market can be trusted.

Avatar
Avatar
Bandarowame
44 weeks ago

Today I finally withdrew my $200 from this company, despite the fact that I submitted a withdrawal request. Not only does the broker prevent you from earning and developing, you also won’t get your money. It is better not to use its services.

Avatar
Avatar
FraserLok
46 weeks ago

You can't reach Pure Market support service. It feels like they don't care about their clients at all. This is true. Now I see bad reviews about the company. I regret believing them.

Score:
5.31/10

Trading Account Opening

To become a client of Pure Market Broker, register on its official website. Below are instructions on registration:

1

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.

Review of Pure Market Broker’s User Account — Registration
Review of Pure Market Broker’s User Account — Registration
Review of Pure Market Broker’s User Account — Registration
Review of Pure Market Broker’s User Account — Registration
2

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.

3

First steps upon creation of the user account with Pure Market Broker:

1. Uploading documents for identity verification:
Review of Pure Market Broker’s User Account — Verification
Review of Pure Market Broker’s User Account — Verification
2. Making a deposit:
Review of Pure Market Broker’s User Account — Depositing funds
Review of Pure Market Broker’s User Account — Depositing funds
1. Uploading documents for identity verification:
Review of Pure Market Broker’s User Account — Verification
Review of Pure Market Broker’s User Account — Verification
2. Making a deposit:
Review of Pure Market Broker’s User Account — Depositing funds
Review of Pure Market Broker’s User Account — Depositing funds

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.

Score:
7.12/10

Regulation and safety

Information

Pure M Global LTD, which owns the Pure Market Broker brand, is regulated by the Vanuatu Financial Services Commission and registered under number 14801. It is a global Forex intermediary that provides its services to traders worldwide.

The company also has a European representative office Pure/Trade, which provides its services exclusively to residents of the EU countries. It is registered in the Republic of Cyprus and regulated by several commissions, such as CySEC (license no. 391/20), BaFin (license no. 10108861), and FIU (license no. FVT000059).

Advantages

  • Clients’ funds are kept in segregated accounts with European banks or FCA-regulated liquidity providers
  • The broker's clients are insured by Falcon Insurance, which covers up to $500,000 and up to $50,000 on any demand
  • The broker respects its privacy policy and does not transfer personal information of its clients to third parties

Disadvantages

  • Leverage for EU clients is limited to 1:30
  • To start trading with this broker, copies of your ID documents and a bank statement are required
  • The company does not offer negative balance protection
Score:
8.79/10

Commissions and fees

Information
Pure Market Broker offers accounts with two types of trading fees, namely spreads and fees per lot. Spreads on MT4 accounts start from 0.2 pips, the fee per lot is $30 for each traded Forex million. The minimum spreads on MT5 Accounts are 0 pips, and the fee per standard lot is $6.5 or €6. Deposit fees are as follows: for Single Euro Payments Area (SEPA), Pix Payment, Guaranty Trust Bank (GTBank), Boleto, and cryptocurrencies it is 0%, for FasaPay it is 0.5%, for Etana Custody it is $20, and for Swift it is €20+1.5%. There is a withdrawal fee, which is calculated in EUR, USD, percentage, or cryptocurrencies depending on the withdrawal method.
Account type Spread (minimum value) Withdrawal commission
MT4 account $2 Yes
MT5 account $0 Yes

Swaps are charged for positions kept open overnight. Experts at Traders Union have compiled a comparative table showing the average fees of Pure Market Broker, IC Markets, and Pocket Option.

Broker Average commission Level
$1
Low
$1.5
Medium
$8.5
High
Score:
4.12/10

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:

Account Type
Description
MT4 account
This is an account with a minimum deposit of €100 or $100. It offers trading on 58 currency pairs, 2 metals, 3 energies, and 13 indices in MetaTrader 4. Execution speed for 90% of orders is <200ms;
MT5 account
This is a trading account with a wider choice of assets. In addition to the above instruments, MT5 account holders have access to transactions with 4 cryptocurrencies, and the number of metals is increased to 6. The minimum deposit amount is €1,000 or $1,000, and 90% of orders are executed at <100ms.

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.

Score:
4.06/10

Deposit and Withdrawal

  • To withdraw money, international bank transfers, cryptocurrency transactions, and electronic payment systems are used;

  • Profit is withdrawn in the same way used by the client to make a deposit;

  • Withdrawal fees are as follows: for SEPA, it is €5; for Swift, it is €30+2%; for FasaPay, the fee is 0.5%, for PIX Payment and Boleto, it is 4%; for GTBank, it’s 1%; and for Etana Custody, it’s $25. Fees for cryptocurrency withdrawals are 0.005 BTC, 5 USDT, 0.02 ETH, and 5 XRP.

Score:
6.49/10

Investment Options

Pure Market Broker’s clients can earn passive income in various ways. Partnership programs are also available as an option to receive additional profit.

Offer for investors registered with Pure Market Broker

If traders want to earn passively, they must choose an expert trader who will trade financial instruments for them. Pure Market Broker’s clients can invest in trading by:

  • Live person. Two options are available here — copying trades of certain traders or investing money in PAMM accounts, where experienced managers trade. These solutions differ depending on the model of interaction between investors and traders and the settlement method mutually agreed upon. For example, investors do not see trades of PAMM managers, but can only view their results. When copying orders, traders can be tracked in real-time;

  • Bots or programs. All users of the MetaTrader platforms can buy expert advisors (EAs) or connect them for free. They trade according to the algorithm set by the developer, analyzing the market using certain indicators and graphic objects.

Pure Market Broker does not recommend specific trading signal providers or trading robots. As for PAMM accounts, Pure Market Broker selects the managers itself, giving preference to the most experienced traders with a successful strategy. Working with PAMM accounts is possible only on MT4.

Important!

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.

Partnership program from Pure Market Broker:

  • Introducing Brokers is a program that allows you to earn additional income by inviting new clients to Pure Market Broker;

  • White Label is an offer for institutional clients. With it, you can provide brokerage services under your own brand, but with Pure Market Broker’s liquidity and technologies.

The company does not offer partnership programs for retail clients who want to earn additional income by inviting referrals and their trades.

Score:
8.17/10

Customer support

Information

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:

  • live chat;

  • telephone;

  • feedback form;

  • 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
Score:
5.62/10

Education

Information

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.

Information available in the Education section
Information not available on the Pure Market Broker website
What is Forex
Psychology of trading
Basic Forex and investment terminology
Fundamental and technical analyses
Weekly market news
Analysis of popular indicators and trading strategies
Real-time currency quotes
Rules of risk management when trading Forex

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 RoboForex Pocket Option Exness Forex4you XM Group
Trading
platform
MetaTrader4, MetaTrader5 MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader Pocket Option, MT5, MT4 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MobileTrading, MT5 MT4, MT5, MobileTrading, XM App
Min deposit $100 $10 $5 $10 No $5
Leverage From 1:1
to 1:200
From 1:1
to 1:2000
From 1:1
to 1:1000
From 1:1
to 1:2000
From 1:10
to 1:2000
From 1:1
to 1:30
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 0.6 points
Level of margin call
/ stop out
150%  /  100% 60%  /  40% 30%  /  50% No  /  60% 100%  /  20% 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 No
Cent accounts No Yes No No Yes Yes

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:

  • Over 7 years of operational activity;

  • Traders from more than 55 countries use the services of the broker;

  • Over 80 trading instruments;

  • 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:

  • 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;

  • 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;

  • 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;

  • 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:

1

The broker ensures maximum safety of its clients' funds by keeping them in separate accounts in 1-tier banks;

2

Pure Market Broker does not overcharge trading fees, that is, its spreads and fees per lot are similar to those of its competitors;

3

The company's clients can combine active trading with copying successful trading strategies or investing in PAMM accounts;

4

Traders from European countries can choose which representative office, Global or European, to work with, trading conditions depend on this decision;

5

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.

Articles that may help you
Where do people get signals for forex from?
Which Free Forex EAs Are The Best?
Which is the best channel for options trading?
How Much Does A Forex Robot Cost?
How To Trade EUR/USD In Forex?
7 Best Profit-Taking Strategies In Trading
Top 25 Trading Books for Novice Traders
Daily Forex Trading Signals for 2024 (Charts)
How To Make $100 A Day In Trading? Is It Possible?
Check out our reviews of other companies as well

Team that worked on the article