Price Markets offers two account types for retail traders, namely the Standard Account and the FIX API Account. Professional traders can also open an institutional account with the broker.
Price Markets at a glance:
| Broker's Name | Price Markets |
| 📍 Headquartered | London, England |
| 📅 Year Founded | 2013 |
| ⚖️ Regulating Authorities | FCA |
| 🌐 Countries not accepted for trade | United States |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1:30 for retail/1:200 for professionals |
| 💰 Minimum Deposit | $5000 |
| 💳 Deposit Options | BankWire, Skrill, CardPay |
| 💳 Withdrawal Options | BankWire, Skrill, CardPay |
| 💻 Platform Types | MetaTrader4, FIX API |
| 📱 OS Compatibility | Windows, Mobile, Web, iPone, iPad, PC and Mac OS, mobile for Android and IOS |
| 📈 Tradable assets offered | Currencies, commodities, and indices |
| 👨💼 Languages supported on Website | Multilingual |
| 👥 Customer Support Languages | Multilingual |
| 📆 Customer Service Hours | 24/5 |
Min Deposit USD 5000 Regulators FCA, ESMA Trading Platform MT4 Crypto No Total Pairs 0 Islamic Account No Trading Fees Low Account Activation 24 Hours
Choose your quick section of our Price Markets Account Types below.
Price Markets Account Types – 8 key points quick overview:
- ✔️Price Markets Account Types Overview
- ✔️Price Markets Account Types
- ✔️Price Markets Account Features
- Demo Account
- Price Markets Islamic Account
- Price Markets Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is an overview of the Price Markets Account types as well as the treading features and benefits offered for each account.
Price Markets Account Types Overview
Price Markets was first established in 2013 and is headquartered in London, England, where the broker is regulated by the highly reputable Financial Conduct Authority (FCA).
Price Markets regularly implements new innovative technical solutions that allows its clients to use the most technical infrastructure trading strategies. The broker’s specialists constantly work on improving its trading conditions, providing solutions that are some of the top-level on the market.
As such, Price Markets specializes in highly advanced trading conditions to clients who use scalping strategies and HFT trading. By aggregating quotes from the largest liquidity providers, the broker offers one of the highest liquidity levels for the financial instruments on the market.
In 2014, Price Markets was recognized as the best Prime broker by International Finance Magazine. When evaluating the company, such indicators like the amount of net profit, market share, and contribution to the development of the industry were considered.
In 2015, Price Markets was recognized by FXWeek as the best company in the nomination “Best off-bank liquidity provider”. Price Markets won due to the high evaluation of the provided trading conditions. The level of liquidity available to Price Markets clients was the highest in the category.
Price Markets Account Types
The broker also offers corporate accounts for proven professional clients, who will qualify for such an account after a broker assessment.
A professional client is the one that demonstrates considerable experience and understanding of the risks involved in trading, while is knowledgeable and experienced enough to make trading decisions without the additional protections provided to the retail clients.
Retail client protections do not apply to Professional Clients. Accounts are subject to status, but to apply for an account, traders should complete the online application. Note: All trading involves a significant risk.
This should take no more than 10 minutes. You will be asked to select the type of currency you wish to trade in, which platform you want to use and a bit about your background as a trader.
The broker will then conduct an electronic check to confirm your identity and address. If the broker is unable to electronically confirm your identity and address, it will require documentation to activate your account. If this is the case or if the broker requires any additional information, Price Markets will send you an email with details of what it may require.
Price Markets Account Features
Standard Account
➡️️ Minimum deposit: $5000
➡️️ Commodities. Indices
➡️️ Up to 30x leverage
➡️️ Access via MT4, Web or Mobile
➡️️ GBP, USD, EUR, CHF, and JPY accounts
➡️️ Negative Account Balance Protection
➡️️ Up to 50,000 GBP FSCS protection
➡️️ 5 USD per lot / per side (FX and Commodities)25 bps per lot / per side (Indices)
FIX API Account
➡️️ Minimum deposit $50 000
➡️️ Commodities. Indices
➡️️ Up to 200x leverage
➡️️ Access via FIX, MT4, Web or Mobile
➡️️ GBP, USD, EUR, CHF, and JPY accounts
➡️️ LD4 ECN execution
➡️️ As low as 8 USD per million USD commissions
➡️️ Available to Elective Professional clients only
Demo Account
The demo account from Price Markets is funded with virtual currency and linked directly to the broker’s MetaTrader 4 website. As such, the demo account will allow new traders to practice several of the trading features of the platform, including:
➡️️ Wide range of tools available to be used in technical analysis (robots, arrow indicators, scalping indicators, various charts, etc.).
➡️️ Several versions adapted to different environments — PC, MAC, mobile platforms, thus possibility to trade everywhere.
➡️️ A built-in MQL4 programming language that allows you to develop your own indicators and trading advisors.
➡️️ Access to financial world news line.
➡️️ Access to the “Trading signals” service.
Price Markets Islamic Account
Unfortunately, Price Markets does not offer an Islamic Account to traders of the Muslim faith. This is a drawback for such traders, for whom these accounts fulfil a specific purpose, as described below. Also known as ‘no swap accounts’, Islamic trading accounts allow Muslims to engage in online forex trading in compliance with Sharia law.
With 25% of the world’s population practicing the Islamic faith, Islamic forex trading has continued to gain popularity worldwide.
An Islamic forex trading account charges no swap or rollover interest on positions held overnight in the forex market. An administration fee is, however, charged on some accounts to open positions.
Min Deposit USD 5000 Regulators FCA, ESMA Trading Platform MT4 Crypto No Total Pairs 0 Islamic Account No Trading Fees Low Account Activation 24 Hours
Price Markets Pros and Cons
| ✔️ Pros | ❌ Cons |
| Demo accounts can be opened | Additional trading fees, such as deposit and withdrawal fees |
| Great customer service provided | High minimum deposit |
| Low non-trading fees charged | Limited trading assets |
| No deposit fee charged | Low leverage for retail clients |
| Seamless and free deposit and withdrawal | Not suitable for beginner traders |
| Several account base currencies |
Conclusion
Overall, Price Markets offers two account types for retail traders, namely the Standard Account and the FIX API Account. Price Markets regularly implements new innovative technical solutions that allows its clients to use the most technical infrastructure trading strategies. The broker’s specialists constantly work on improving its trading conditions, providing solutions that are some of the top-level on the market.
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Frequently Asked Questions
Trading environment
How many instruments can I trade with Price Markets?
Price Markets offers CFD trading across the following asset classes:
- 5 commodities – Including oil and gold
- 35+ currencies – Major, minor, and exotic pairs
- 12 indices – Including NAS100, UK100 and GER3
Which platforms are supported by Price Markets?
MetaTrader 4 and FIX API.
Does Price Markets offer leverage?
Yes. Price Markets offers leverage up to 1:30 on currency pairs, which complies with the ESMA regulatory cap. Leverage on indices and commodity instruments is offered up to 1:20. A 3.33% to 10% margin rate is applied to all retail trading instruments.
What spreads can I expect with Price Markets?
Spreads are competitive but may vary due to market conditions. Forex spreads start at zero pips. The standard GBP/USD spread is 1.3 pips and the EUR/USD 0.3 pips. Indices are offered from 0.5 pips.
Does Price Markets charge commission?
Yes. The broker charges retail trading commissions of $3.50 per lot on all forex and commodity transactions. Commissions on indices are 25 bps per side.
Are there additional charges on the Islamic account?
Price Markets does not offer an Islamic Account.
Is Price Markets regulated?
Yes. Price Markets is regulated by the Financial Conduct Authority (FCA) in the United Kingdom.
Is Price Markets a recommended forex trading broker for experts and beginners?
No. Due to the broker’s high minimum deposit, Price Markets is better positioned towards advanced and professional traders.
What is the overall rating out of 10 for Price Markets?
8/10.
Accounts
What is the difference between a demo and live trading account?
A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring of both the broker’s offer and the trading platform.
A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.
Does Price Markets offer a demo account?
Yes, a demo account is among the different account types offered by Price Markets
For how long is the demo account valid?
The demo account from Price Markets does not expire. You can also upgrade to a real account whenever you feel ready.
Does Price Markets offer the option of an Islamic Account?
No.
Which live trading accounts does Price Markets offer?
Price Markets offers two account types for retail traders, namely the Standard Account and the FIX API Account. Corporate traders can also open an institutional account with the broker.
What are the available deposit currencies for a live trading account?
With regards to deposit currencies, Price Markets accepts GBP, USD, and EUR only. This is a limited selection, and traders depositing in smaller currencies, such as ZAR/Rand, will incur conversion fees.
Deposits and withdrawals
What is the minimum deposit for Price Markets?
The minimum deposit amount required to open a broker account with Price Markets is $5000. As such, this represents a high minimum deposit when compared to many other brokers in the industry.
The FIX API Account, which is designated for professional traders, has a minimum deposit of $50 000. The broker is therefore not suited to absolute beginner traders and smaller retail traders.
How do I make a deposit and withdrawal with Price Markets?
Price Markets has a limited selection of deposit methods, which consist of Skrill, bank wire and CardPay.
Does Price Markets charge withdrawal fees?
Yes. These withdrawal fees are as follows:
Skrill:
- 00% EUR
- 00% non-EUR
How long does it take to make a withdrawal?
Traders can expect the following withdrawal times on withdrawals:
- Skrill – Within 30 minutes.
- CardPay – Within 30 minutes.
- Bank wire transfer – Within 1 working day.
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