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@  happyjas : (08 April 2020 - 07:41 PM) oooops.. sorry about that mtp.. :)
@  Tripack : (08 April 2020 - 03:30 PM) no need to be disrespectful towards other members though
@  Tripack : (08 April 2020 - 03:29 PM) Congrats hj :)
@  happyjas : (08 April 2020 - 08:56 AM) salamat ktp.. B)
@  traderpusa : (08 April 2020 - 02:10 AM) congrats happyjas.
@  happyjas : (07 April 2020 - 01:45 PM) 100 pips on EU, thanks ktp.. thanks MAster David.. Use the verified strategy here in this forum.. B) ("crossing fingers is gambling", geez roopem, get your indicator and your strategy then shove it in your butt!!) :lol:
@  traderpusa : (06 April 2020 - 11:40 PM) Q was just extended to April 30.
@  traderpusa : (06 April 2020 - 11:40 PM) @Singh, true, but wife and kids at home now too 24H lol. No peace anymore.
@  Singh : (06 April 2020 - 11:05 PM) @traderpusa lol I dont think quarantine is a problem for traders. We are usually stuck to screensn24/7 lol
@  traderpusa : (06 April 2020 - 08:34 PM) well, already 3.5 weeks in quarantine, most probably 3 more to go.
@  traderpusa : (06 April 2020 - 08:32 PM) :blink:
@  Singh : (06 April 2020 - 05:15 PM) @happyjas I think it have room to go down another 100 pips or so,but who knows
@  Singh : (06 April 2020 - 05:13 PM) @Tripack Sup T how are you man?
@  happyjas : (06 April 2020 - 01:44 AM) "You could just go with your own instinct.. all the time. I have gone on what I have always thought."
@  happyjas : (06 April 2020 - 01:42 AM) roopem, that's your opinion.. don't take it seriously.. I've shown my sentiment through chart reading.. your call?.. what say you?..
@  roopem : (06 April 2020 - 01:08 AM) crossing fingers is gambling
@  happyjas : (05 April 2020 - 11:00 PM) heads up guys and gals!.. EU goin' up.. fingers crossed here.. B) https://imgur.com/wNQBQT4
@  Tripack : (05 April 2020 - 09:52 AM) Hey Mr Singh
@  Singh : (05 April 2020 - 12:53 AM) Hey Fellas,how is everyone
@  calcalex : (03 April 2020 - 01:12 PM) @Nickachino I hope not to be honest

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Marketsworld Unavailable During Volatility


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15 replies to this topic

#1 Superherobyday

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Posted 21 January 2015 - 10:36 AM

Today after the CAD cut its interest rate, trading on marketsworld became unavailable almost immediately, and has been for about an hour now.

I've noticed a pattern with them. They blatantly go out of their way to prevent trading during volatility. Tried for a couple months to trade news releases, and was unable to open a single trade successfully, due to "trading unavailable" or "error 8".

Not much we can do I suppose. Customer Service plays dumb, and neither tech support or QA make any attempt to respond to inquiries.

Just a heads up for all those who think Marketsworld is on the up and up. They're not.



#2 Crimbs51

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Posted 21 January 2015 - 10:39 AM

Is marketsworld regulated?



#3 Crimbs51

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Posted 21 January 2015 - 10:41 AM

They don't appear to be regulated by CySec, why are you trading with them? If a broker that is regulated by CySec suspends trading in a certain asset it must provide an explanation to CySec why it was unavailable. If the explanation is inadequate it will get fined and a warning. That's why you should consider trading with CySec regulated brokers, I am not in a position to recommend a specific broker, that is your decision.



#4 Superherobyday

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Posted 21 January 2015 - 10:52 AM

They don't appear to be regulated by CySec, why are you trading with them? If a broker that is regulated by CySec suspends trading in a certain asset it must provide an explanation to CySec why it was unavailable. If the explanation is inadequate it will get fined and a warning. That's why you should consider trading with CySec regulated brokers, I am not in a position to recommend a specific broker, that is your decision.

No they're not regulated. They have a "license" but it is just a gambling license. Marketsworld has had a reputation for a while as being one of the better brokers. But stuff like this shows that they're just as shady as anyone else. Ok ok, not quite as shady. But still pretty shady.



#5 Crimbs51

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Posted 23 January 2015 - 06:03 PM

CySec is the best license for binary options as I explained above. It is very expensive, lengthy procedure and the broker exposes itself to fines for misconduct behaviour. I come from the financial industry, please trust me on this. Also, if the broker goes bust you are insured up to USD 50,000 by the regulator.



#6 Crimbs51

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Posted 23 January 2015 - 06:03 PM

I am uncertain you have such protection from a 'gambling license'



#7 Comedian

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Posted 24 January 2015 - 04:29 AM

http://www.gov.im/gambling/players.xml



#8 Crimbs51

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Posted 16 February 2015 - 08:20 AM

This 'gambling' license does not refer to an even in which the broker goes bankrupt but only if it cannot pay the profits. What happens if the broker owes $10 million for example to traders after going bankrupt? How much is in the this account or fund? I honestly doubt you will be protected if the broker goes bankrupt. With CySec, you are insured up to $50,000 if the broker foes bankrupt, it says so specifically. Don't bother with gambling licenses. Also, as I said before, if the broker suspends trading for any reason, it needs to tell CySec why it did. If it is because to prevent people from making money they will get heavily fined and possibly have their license revoked. Will the gambling license do that? Of course not. Guys, don't bother trading with a broker that is not regulated by CySec.



#9 hakimest

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Posted 04 March 2015 - 05:36 PM

Now markets world has lowered the maximum trade size to $100 per trade at 22:00 GMT and it has removed all expiries apart from 1 hour and 2 hour expires.
I wonder whats wrong with Markets world nowadays



#10 Crimbs51

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Posted 05 March 2015 - 10:22 AM

Now markets world has lowered the maximum trade size to $100 per trade at 22:00 GMT and it has removed all expiries apart from 1 hour and 2 hour expires.
I wonder whats wrong with Markets world nowadays

 

The answer is simple. The Asian session has less liquidity so in theory it would be easier to get trades in the money Some well-experienced traders realized this and took advantage of it. Most brokers lower the payout for the Asian session instead. I guess their risk management department does not consist experienced traders at all but they come from the gambling industry so they just make the odds better for the "house." Shame.



#11 LoveBinaries

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Posted 16 June 2015 - 01:37 AM

I trade with MW, i am not sure what you guys mean. All the expiries seem available for me and the max bet is £1000. Maybe this is something old that they fixed? I persoanally would take British licensing over Cyprus lol, either way you are playing against the house with binaries, we all know that dont we.



#12 bostarman

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Posted 16 June 2015 - 02:00 AM

Yeh I have noticed the max bet back to 1k on all expiries available except 60seconds which I dont tend to trade so dont notice. I hope it stays this way as i like to trade at same time as Chrimbs although only trade maximums when the chart is right. I have stayed with MarketsWord for the past 3 years since I started trading binarys. I guess you have to go where your comfortable but my main gripe was not being paid out. MarketsWorld has paid out every withdrawal and there payouts never drop below 70% which is higher than the other brokers I have looked at which seem to go into the 55-60% range. Wish they would add more assets then they would be the main goto binary broker.

#13 Rdegroot

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Posted 16 June 2015 - 02:07 AM

Marketsworld is a scam broker like almost all of them. They only allow you to trade when the odds to win are as low as possible.

 

I'm not sure if there is any trustworthy broker around anyway. Same for spot. As soon as you start winning they will start playing games.



#14 Lingsbord

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Posted 16 June 2015 - 02:38 AM

You can find genuine, honest brokers offering Spot, specifically those operating a genuine STP/DMA model where they make their money from turnover, not P&L on trades. There are plenty of excellent spot brokers who won't play any games with traders.

 

Binaries are more of a casino model and it's far easier to offer this product than a genuinely regulated asset class.


I'd rather have a bottle in front of me than a frontal lobotomy


#15 bostarman

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Posted 16 June 2015 - 09:08 AM

Lingsbord how can any binary company make money on turnover alone? SUrely all these brokers are the same, its just trading against the house? As you say morelike casino model but based on markets. I think once you accept that you can make ya choice, dont be under any illusion you have to trade smart in binarys. I use MW purely becuse they dont dick around with bonus and I get my cashout every time I ask for it, the rest are the same software rehashed and no matter you get the same bs issues.

#16 Jame2

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Posted 23 September 2015 - 10:16 AM

cysec are complete joke, broker like optionrally is a scam broker  regulated by cysec mean the cysec is full protect the money of  client ???    aha !!!






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