Is OnlineMarketShare A Safe Forex Broker?

In fact, safety is one of the main concerns of traders worldwide, as many new brokers try and use cheap tactics to essentially steal your money. Naturally, nobody wants to trade in a place where someone might just decide that all your hard-earned funds are theirs. There are no such worries at OnlineMarketShare, as they haven’t had a single incident of the sort. As the forex trading market is full of potentially  great brokers, lmfx review there are the questionable ones that lurk the system undetected.

Can’t see your question? Ask to get answers from the OnlineMarketShare staff and other customers.

For everyday investors in Canada, the low (and sometimes $0) fees charged by online brokers have been a boon. Compare the commissions and fees charged by all 15 Canadian online brokerages. Are you interested in better understanding the good, the bad and the ugly about TD Direct Investing’s desktop and mobile platforms? Or maybe learning about TD Direct Investing’s service levels and where its commissions and fees rank amongst other firms? Before investing in foreign exchange, carefully consider your level of experience and risk appetite. CFDs are complex instruments and bring high risk of losing money because of the leverage they provide.

Does Onlinemarketshare have a risk-free trade option?

Surviscor’s site offers unbiased analysis of Canadian online brokers based on facts, not influenced by marketing campaigns and paid reviews. There you will also see in-depth analysis of the four major investor experiences, helping investors to quickly decide on the online brokers that will work best for their goals and interests. Surviscor’s firm reviews provide a more comprehensive review of each Canadian online brokerage firm, including rankings and scores for fees, service levels and both digital platforms (desktop and mobile). In terms of commissions and fees, the review uses Surviscor’s investor behaviour profile of zero to four trades per month. The ranking does not focus on any one investor profile but instead looks at the full spectrum of investor possibilities according to the adapted MoneySense version.

Here are some of the specifics about each account type:

OnlineMarketShare offers only the basic version of the MT4 platform to its clients. In its bonus agreement, Onlinemarketshare outlines how its bonus policy works. First of all, it’s worth emphasising that not every customer will be able to secure a bonus from this company.

Broker summary

Regulated trading platforms are required to have various security measures in place, including multi-factor authentication in addition to traditional ones like trading passwords. Additionally, consider researching the platform’s reputation by reading reviews and user experiences. TD Direct Investing is our next-best commission online broker choice, scoring 160 points. Questrade is our choice for best commission online broker for 2024, scoring 167 points. As mentioned above, year after year, Questrade’s ECN fees and market-data costs can become troublesome if you are not aware of how they work. But once you understand them, you can avoid them or maximize their value.

1. If the withdrawal request is made between 9am and 6pm, it will formally be processed during the same day.
2. The typical spread for the EURUSD pair through this broker is 1.5 pips.
3. In a convenient move, the broker also offers traders the chance to request a call back.
4. To us, a new investor is a rookie, a newbie or an impressionable investor with little to no experience who has a desire to try, not gamble with, self-directed investing.
5. When it comes to the trading conditions, OnlineMarketShare provides MT4 across all computers and mobile devices, pledges institutional-grade liquidity and offers competitive spreads.
6. All you have to do is fill in the basic information that comes as part of the MT4 login – there is no need to register with the broker separately.

If the withdrawal request is made between 9am and 6pm, it will formally be processed during the plus500 canada same day. This timeframe is described as local time, and presumably, this is the time local to where the broker is based – the Commonwealth of Dominica. If the request is made following 6pm, or over a public holiday or a weekend, it will be processed the day afterwards. Onlinemarketshare a brand name, and the broker is in fact owned by a company called Share Tech Ltd. It is based in the Commonwealth of Dominica, where its registration number is 2020/IBC00013.

Millions of dollars are spent doing this, and if no one wants to bring this topic to the fore, we will. Qtrade Direct Investing scored 24 points overall and finished in the top three in seven of its eight applicable categories. You can request a callback from the broker by filling in your name, account and telephone number in the ‘request a callback’ form. If you have any questions regarding our broker reviews, leave us your email information and we will get back to you.

The trading-experience drawback at TD Direct Investing is its average transactional-screen designs and process, something Questrade excels at. You could also start your journey with a live account, as the investment for live accounts is relatively small. The support team at OnlineMarketShare is quick with their responses and quite pleasant.

You won’t find a lot of educational materials on their website, but the dedicated account manager will guide you on the best free third party educational resources. Share trading, also known as stock trading and equities trading, is the process of buying and selling shares of publicly traded companies. When you buy shares of a company, you become a partial owner or shareholder of that company. They will now begin persuading you to wait it out and not withdraw right now. The angle here is pretty blunt – traders have a limited time period for filing a chargeback with their bank and get their money back. The “recovery department” will simply want to mislead you into missing thе crucial period and, along the way, losing any chance you might have of getting the money back.

The site offers much of the basic foreign exchange brokerage requirements that a trader could want, such as a variety of account types and the MetaTrader 4 software platform. Leverage rates are strong, and the platform can be accessed using mobile or other devices. Qtrade Direct Investing is our next-best non-bank online broker choice for 2024, scoring 123 points.

It’s nearly certain all those small problems will be resolved in the near future. But even before they are resolved, the broker certainly provides a service worth using. Lastly, account typing is developed in such a way that everyone can find something suitable for them. Even for those that don’t want to invest much, the Bronze account provides great value, and that only goes up as you move towards Silver and beyond. High spenders can go towards Platinum, and others can stay at more moderate levels without missing out too much. OnlineMarketShare is a recently founded broker operating from the Commonwealth of Dominica.

The MT4 is stable, highly intuitive and easily customisable to meet traders’ goals. Users can easily trade on the web-version through any browser, including Chrome, Firefox, and Apple’s Safari. OnlineMarketShare offers 50+ spot forex pairs and 45+ CFDs on shares, indices, metals, energies, and futures. The spot forex pairs include all the majors, and a few minors and exotics. OnlineMarketShare boasts of institutional-grade liquidity and super fast order execution. It’s headquartered in Church ST, Dominica but has offices in other jurisdictions including London.