Pure Market Broker 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
- $100
- MetaTrader4
- MetaTrader5
- VFSC
- 2022
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 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.
- 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
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
Share your experience
- Best
- Last
- Oldest
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 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
Commissions and fees
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 | |
|
$1.5 | |
|
$8.5 |
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
-
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.
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.
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.
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:
-
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
|
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 | 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:
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.
User Satisfaction