Since the foundation of internet, many products have been launched through the platform. It has given birth to many industries but the most essential one is online trading industry. It has been around for almost two decades and has been adding new products for the benefit of users. However, MarketSpots is an exchange that has been evolving at a significant rate for providing state of the art services. Therefore, let me go ahead and share some useful information about the exchange in the MarketSpots review, and prove to you how it has evolved with time.
Online Trading Assets
With the passage of time, the online trading industry has inducted several products. Unfortunately, majority of the online trading exchanges tend to offer just a single trading asset such as forex, commodity, or stocks. However, MarketSpots offers you three different trading assets including forex, stocks, commodities, and cryptocurrencies, for your own convenience. With this maneuver, you have access to more than one online trading assets so you can choose the one you would prefer trading in and start performing your trades.
Online Trading Platform
For your convenience and first-hand experience, MarketSpots has designed and developed its own online trading platform. The exchange’s trading platform is state of the art, user-friendly, and is exclusively for you. The trading platform is equipped with all services that you would expect from a top class trading platform. The platform grants you access to several trading markets with over a thousand assets to trade.
It has a highly comprehensible and customizable interface that you can personalize as per your trading needs. You also get to perform up to x400 leverage trading, have access to live charts, economic calendar, trading signals, prices alerts, analysis reports, and much more. As of now, MarketSpots’ online trading platform is available via web and smartphone so you can choose the medium of your choice.
Online Trading Accounts
There are many online trading exchanges that have stuck with traditional trading methods such as offering a demo trading account followed by a single real time trading account. This limits users from being able to learn more about the platform, rendering them unable to cross the mediocre level of trading. However, MarketSpots offers you different types of trading accounts based on your trading experience, expertise, and amount of time you have spent in the industry. As of now, MarketSpots provides you with 5 different types of trading accounts including standard, silver, gold, VIP, and pro accounts.
At MarketSpots, each account tends to offer you with new and beneficial services. However, there are major services that MarketSpots provides you with that you gain access to, no matter your trading profile. Some of the major services offered MarketSpots include up to 1:400 leverage trading, discount on commission, super tight spreads, customized education, and access to trading events. Furthermore, you gain access to webinars, daily market news and reviews, margin loan, personal account manager, wealth manager, and many more services.
Deposits and Withdrawals
When it comes to making deposits, you can do it via Bank Wire, Visa Card, MasterCard, Maestro, USDT, Ethereum, and Bitcoin (BTC). You can make deposits in the form of EUR, GBP, and USD.
As for withdrawals, the minimum withdrawal for all payment methods except for Bank Wire is 50 (EUR, GBP, & USD). In case of Bank Wire, the minimum withdrawal amount is 100 (EUR, GBP, & USD). Once a withdrawal is requested, it may take 3-4 business days for the withdrawal to be processed. Another thing to keep in mind is that the withdrawal is processed through the same method used for making deposit.
KYC and AML Regulations
MarketSpots is a regulated online trading exchange, aiming to provide you the most protected and safe trading environment. It adheres to the regulatory policies such as Know-Your-Customer (KYC) and Anti-Money Laundering (AML). These regulations have been put in place to ensure you are always respecting the rules and regulations of online trading.
If KYC deals in MarketSpots collecting your personal identification information (PII) at the time of signup and afterwards, then AML means the exchange keeps track of your transaction activities.
In case of AML, any transaction crossing a certain benchmark is investigated and sent over to regulatory authorities for further proceedings if they meet criteria of high risk transactions.
At present, MarketSpots offers you customer support via email but the best thing about their support is that they are available 24/6. Most of the online trading exchanges are available on 24/5, which means that you have a day extra from MarketSpots’ support. The teams at MarketSpots are trained, experienced, professional, and empathetic. Therefore, any query you may have is answered in the most professional and efficient manner.