Status Markets Review
If you have been contemplating the idea of jumping onto the online trading bandwagon and take advantage of the opportunities in the financial markets, then you must know what you need; a broker. This has remained consistent, even with trading going digital, because these companies provide you with all that’s instrumental for your trading journey.
But, you should be aware that finding and choosing one is similar to how you shop for other products. You have to have good and solid reasons for choosing one over the rest and this is where Status Markets review will be helpful.
The decision to enter the financial markets has been made by millions of people all over the globe in the last few years. Some of this has been because of the need of increased financial independence amongst people, while others are interested in making money.
In addition, the hype surrounding cryptocurrencies has also drawn attention of people globally, so the financial markets have seen droves of people entering and trying their luck. This means that the need for online brokers has also intensified and where there is demand, supply also goes up and this is no different here.
Do a search of Google and you will be flabbergasted to see the sheer number of brokers that claim to be offering you professional trading services. The promises they make are enough for you to consider signing up with the first one you come across and start tapping into the opportunities that pop up every second in the financial markets.
Nonetheless, you have to remember that just because companies operate digitally now doesn’t mean they will tell you their flaws. It is the norm of businesses to promise the world to their clients, but whether they deliver or not, will vary.
You have to do your own research, as you do in the case of buying any product nowadays, because you want to get the best value for money. It is also worth noting that just because one broker has worked out for some traders is no guarantee they will do the same for you.
Your expectations, skills, experience, knowledge and capital will be different from the trader next to you and this will affect your choice of a broker. It is possible to choose just any platform and get started and in case you are not comfortable, you can look for a different option later.
Bear in mind that not only is it complicated, but can also lead to losses and take up a lot of time, which means you could end up missing on various opportunities. If you are unsure of how to make your decision, you can simplify things by making a list of reasons to use a specific broker.
This will help you in finding a company that can give you what you want. One of the platforms that are offering their services include Status Markets that was founded in 2017. As opposed to other companies, this one may be relatively new, but its reputation will leave a good impression.
Registered in the Marshall Islands, MarCo Global Properties LTD launched Status Markets to enable people in enjoying top-of-the-line brokerage services and benefitting from the investment opportunities in the financial markets.
But, why should you go with them and not with other brokers that have been around for longer? This Status Markets review will help you understand the reasons:
|Trading Accounts||Three Account Types; Silver, Gold and Platinum|
|Assets Coverage||Forex currency pairs, Stocks, Cryptocurrencies, Indices and Commodities|
|Trading Tools||Trading Indicators, Trading Calendar, Calculator, Signals, Live Charts, Technical Analysis Tools and Reports, Price Alerts, Market Research, Economic Calendar, Financial News and Risk Management Tools|
|Education and Training||Yes; e-books, online video courses, webinars, seminars, tutorials, in-depth research and glossary.|
|Customer Support||24/5 support via email address, phone number, live chat and online contact form. An FAQ section is also available.|
|Security Policy||KYC (Know Your Customer) and AML (Anti-Money Laundering)|
|Parent Company||MarCo Global Projects LTD|
Reason 1: Array of trading instruments
The first and most important reason to consider opting for Status Markets is due to their asset offerings. Every broker will offer you trading instruments; that is the whole point of online trading. You buy and sell different instruments that belong to different financial markets and take advantage of their price movements.
But, how frequently the price moves and by what extent will depend on the market the instrument belongs to, as well as its demand and volatility. Not all instruments can deliver the same kind of returns, so the risk and reward varies.
When you are searching for a broker, you will find that some only provide their clients with instruments from just one financial market. For instance, you can find a crypto broker that will only allow you to trade different cryptocurrencies on their platform.
There are also brokers that offer you a mix of instruments, but the list provided is not the same. You have to decide if you want to trade something specific, or you just want access to more than one market. There are more than 100 trading instruments at your disposal at Status Markets and this ensures that you will be able to find the instrument you are interested in.
Even if you want to trade just one or two instruments currently, it is good to have access to variety because it allows you to expand your investment portfolio in the future. Moreover, being able to trade an array of instruments can help you in diversifying your investment.
This is one of the best strategies that can be used for minimizing your trading risks and can help you balance your profits. The good thing about Status Markets is that they don’t just promise an array of instruments to attract clients; they actually fulfill this promise. You will be able to trade in some of the world’s most well-known financial markets.
What’s more is that the list of instruments at Status Markets comprises of the most profitable ones from each market, thereby ensuring that their clients can make the most of their trading activities. You can trade in the forex market, which is known as the biggest financial market in the world due to its $5 trillion daily trading volume.
There are major, minor and even some exotic currency pairs that have been added for your ease, such as EUR/USD, AUD/NZD, EUR/GBP, USD/JPY, GBP/USD and USD/CHF. If you don’t want to trade fiat currencies, you can always try out digital ones.
Indeed, you will be able to access the cryptocurrency market on Status Markets as well because they are well-aware of its high demand and have added some very notable digital currencies to their clients. These include Bitcoin, Litecoin, Ethereum, Ripple, Tether, Monero, NEO, Dogecoin and Bitcoin Cash.
The stock market is another option to explore where stocks of some of the most prominent companies in the world can be traded. Facebook, Apple, JPMorgan, Netflix, Nike, Coca Cola and AT&T are some of the options that can be explored. If you prefer looking at the big picture, you can give the indices market a try.
Here, baskets of stocks are available for trading and Status Markets gives you access to some of the world’s leading indices like S&P 500, NASDAQ 100, FTSE 100, DAX 30 and Nikkei 225. The commodities market is another avenue that traders can explore, one that has become recognized for its stable returns. There are hard commodities that refer to precious metals like gold and silver.
Soft commodities referring to agricultural items like sugar, cotton, coffee and rice can be found. Similarly, you can also trade energy commodities like natural gas and crude oil.
Reason 2: State-of-the-art security
There is no doubt that a lucrative asset index can often be hard to resist and most people may not bother looking past it when they have to choose a broker. However, you have to bear in mind that the assets will be absolutely worthless, if you cannot trade them safely.
If you are exposed to cybersecurity breaches, you may end up losing your capital, as well as profits, or become a victim of other illegal activities because your sensitive data may be compromised. How can this happen? This may happen if the company you have chosen doesn’t provide the right security.
It is essential to remember that there are hackers and other cybercriminals that are looking for the slightest opportunity to exploit people and opting for a broker that doesn’t have appropriate security can leave you vulnerable to these threats. You have to share your personal data with them and also deposit your funds for trading in the financial markets; there is no way around it.
Nevertheless, this doesn’t mean that you let yourself be exposed to these risks. The key is to ensure that the platform you have chosen offers you the right security.
In addition, they confirm that your data cannot be licensed, shared or disclosed to anyone without your explicit permission.
Full data encryption and SSL (Secure Socket Layer) technology has been used by Status Markets for maintaining the integrity of your personal and financial information. This ensures that no unauthorized individual can access your information and even if they do, they will not be able to use it because it is fully encrypted. Apart from that, they have chosen to follow the international standard of customer account segregation.
This means that all client deposits are kept in separate accounts and not used for any of the company’s obligations.
Doing so can minimize the possibility of misappropriation and since these accounts are maintained with top level banks, the risk of theft is also reduced. It should also be noted that Status Markets is compliant with the AML (Anti-Money Laundering) and KYC (Know-Your-Customer) security policies.
These are recognized all over the world for mitigating the risk of financial fraud, identity theft and money laundering, as they require every trader to provide documents for verifying their account. The purpose is to obtain proof of identity and address to prevent fake accounts, which are often used by cybercriminals for exploiting loopholes.
Proof of identity requires a valid document that shows your name and photograph, such as a government-issued ID card, driving license, or a passport. To give proof of identity, you have to provide Status Markets with a utility bill, such as electricity, water or gas, or a bank statement, which shows your name and address. It shouldn’t be older than three months.
These documents are used for verifying your account and you will be able to conduct transactions easily.
Reason 3: Several trading platforms
The trading platform provided to you by an online broker is regarded as their most vital offering. This is because without this software, you cannot access any market, or make any trades either. Of course, this also means that it will play a crucial role in your trading experience and even your performance.
How? If the platform is slow, or outdated, you will not be able to keep up with the market movements and make trades in a timely manner, causing you to miss opening potentially profitable trades, or closing trades to avoid losses.
Moreover, the platform also provides trading tools and if these are not efficient and useful, you will not be able to make the best decisions, affecting your performance and bottom line. Online brokers offer different types of platforms to their clients. Some prefer to develop one of their own, some offer existing ones, while others offer a combination.
Likewise, there are also versions of platforms that exist, such as those that are desktop based, mobile solutions, or web based platforms. The best reason to opt for Status Markets is that it gives you access to all three kinds of platforms.
Whether you are more comfortable with a web trading platform, a desktop one, or want the convenience of a mobile solution, they have it all. As a matter of fact, you will see that Status Markets has offered you the best in terms of platforms because they have the MetaTrader4 available.
Even if you have basic knowledge of the financial markets, you would know that it is the leading option that can be found. The simple yet feature rich trading environment is capable of meeting the needs of every trader, from newbies to experts.
The MT4 is available for download on both Mac and Windows devices and uses cutting edge technology to deliver superior trade execution, allowing traders to enjoy all market opportunities. Traders like one-click trading and the availability of EA (Expert Advisors) can make the platform easy to navigate.
The mobile MT4 trading apps have also been added by Status Markets for the convenience of their clients. Many modern traders prefer to trade on the go these days and these apps can come in handy for this purpose. They allow you to trade from anywhere and at any time, ensuring you remain updated.
Most importantly, you will find that Status Markets has also developed a WebTrader for their clients. This unique trading platform does not require any downloading because you can access it via the browser on any device, as long as you have an internet connection.
This also allows you to be flexible and trade without the complexities of having to install anything on your devices. A plethora of trading tools can also be found on every trading platform, which include advanced charting tools, graphs, custom trade indicators, daily market reviews and signals, price alerts and technical and fundamental analysis tools.
Risk management tools, such as various order types like take profit and stop loss, can also be found. The latest financial market news is also provided by Status Markets to its clients for helping them know the current events as they happen. An economic calendar can also be used for highlighting important events that can affect the market.
Reason 4: Quick and easy registration process
Like every other online service you use nowadays, you are expected to register with an online broker. Here you need to know that no standard steps or process has been established, which means it is up to the company to decide what you will be required to do before you can open an account with them.
They can add any conditions, or prerequisites, and if you want to use their services, you need to fulfill them. The registration process of some platforms is extremely frustrating and time consuming, enough to have people abandoning it halfway.
Fortunately, you will not encounter these issues with the registration process at Status Markets because they have kept it easy and quick. Their services are meant for traders of all backgrounds, so they haven’t added any complexities that can be a deterrent for anyone.
To register with them, you are required to go to their website and complete the given form. The good thing is that you can complete it within five minutes because it doesn’t go beyond the basics, which is reassuring as people often feel hesitant initially when trusting anyone with their sensitive data.
You have to enter your name, surname, email address, country of residence, phone number and a promo code, if you have one.
Five languages are supported by Status Markets and you have to choose one you wish to use. These include English, Spanish, German, Russian and Polish. Next, you have to confirm that you are 18, not a resident of USA and agree to the Terms & Conditions of the company. Submit the form once you are done and you will be registered right away.
Reason 5: Robust customer support
Most people may not think of customer support right away when they are looking at a broker. This is because people only look at support when they are stuck with a problem, but this can turn out to be a nightmare if the appropriate assistance is not provided.
You don’t want to be stuck with a problem and feel abandoned, which means it is a good idea to check the support provided by the company before you sign up.
The robust customer support at Status Markets is also an excellent reason to give them preference over others. They have ensured that their clients can get immediate help and not have to wait for finding the assistance they need.
You can reach out to the customer support staff of Status Markets 24/7 by sending them an email, giving them a call, or simply scheduling a callback by filling out the online contact form they have given. You can also find the option of live chat on their website, which can come in handy when you require urgent assistance.
Apart from these options, you will also find FAQs on their website, which can give you answers to common questions for resolving your issues quickly. Their customer support staff is very friendly and knowledgeable and do their level best to provide you a solution to your problem as quickly and efficiently as possible.
Other than these options, educational support is also provided by Status Markets, which can be used by traders for polishing their skills and knowledge. You can find webinars, videos, seminars, a glossary and other material that can be helpful.
Other additional reasons for you to consider Status Markets as your broker include their transparent services, competitive spreads, accommodating account options and a number of payment solutions that can provide a seamless trading experience to everyone who signs up on their platform.