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Headquarters:
Bulevar Ivana Crnojevića 107 Podgorica, 81000
Country: Montenegro
2.2
3.0
Marketiva Account Info:
minimum deposit: $1
minimum lot size: $10
max leverage: 100:1
Spread:
Variable, from 2 pips on EURUSD
Deposit/Withdraw
Bank Wire, Web Money, Liberty Reserve, e-Dinar
Platform:
Regulated by:
SCMN (Montenegro)
Variable spreads;
Typical spreads: EUR/USD -2 | GBP/USD -4 | USD/CHF - 4 | USD/JPY -3
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Pros |
Cons |
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No commissions
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Spreads widen up to 20 pips durin news releases
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Pros |
Cons |
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No
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Slippage during news releases 1-2 pips slippage during normal market conditions |
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Pros |
Cons |
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No requotes
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Market order slippage Slow execution during news releases |
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Pros |
Cons |
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No stop hunting No spikes |
Lagging quotes
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Pros |
Cons |
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Original Desing User friendly Integrated Chat Pronounce Major News
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No full screen charts No 1m chart No hedging No trailing stop No Autotrading |
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Deposit |
Withdraw |
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Wire Transfer |
Wire Transfer |
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Pros |
Cons |
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Friendly Customer service reps Live Chat
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No phones Some ridiculo restrictions: - can not place orders more than 10 trades in a 4 hours period - can not place orders more than 200 trades in a week period |
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Pros |
Cons |
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$1 minimum deposit $1 minimum lot size Beginners Friendly
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Slippage during normal market conditions Market order slippage No regulation 200 orders/week limit Lagging quotes |
Add reviewStupid broker with stupid platform...
Scam detected:
No physical address
No contact number
Typical a bucket shop broker
Bad business practice:
- Slippage 1-3 pips when you close a position
- spread can go up to 40-50 pips during the news
- can not place orders more than 10 trades in a 4 hours period
- can not place orders more than 200 trades in a week period
- they mute you on the chat channel if you give a winning signal too many times
- one of that SL hunter broker
oh well.. don't know what else to say about this broker... just plain sux...
Marketiva is a good, easy to use forex trading platform for smaller account holders. Its main focus is on newer traders, who have somewhat different needs from experienced traders. It is also an excellent choice for Islamic traders because Marketiva is a "swap-free" forex broker, meaning that rollover, or swap interest is not applied to any positions held overnight, in line with Sharia Law. Within the trading platform is a chat program where traders can interact and exchange ideas about trading, and can also interact with support staff in several different languages. Higher end functionality is not available and liquidity can be a problem for larger orders, but a small retail trader is not likely to run into any problems. All new accounts receive $2.50 in their real money account just for registering.
This broker is a cheat i dont recommend anybody to touch this bucketshop.in the past ive seen spreads upto 80 pips and always freezing platform during critcal news times.they will say its your connection but dont believe them they are criminal minds and probably a matter of time b4 they are locked up.If you dont believe me why not try a demo and trade during non farm e.t.c then u will get what i mean.
Pros: No minimum deposits required, robust and flexible software, rewards upon opening an account, quality customer support
Cons: Limited currency pairs available, no Mac support
Review Summary : Marketiva is quite an attractive Forex broker particularly because the site does not require much to begin trading. Additionally, Marketiva’s rewards system, comprehensive software, and excellent customer support are additional features that members can take advantage of.
The maximum number of short-term positions (shorter than 5 minutes) a
trader can have in a 4-hour period is 10. If a trader closes more than 50
(you are at 53) short-term positions or more than 200 total positions in 7
consecutive days, such trader's account will be temporarily prevented from
sending new orders into the market.
Stupid policy!!!!!!!
There are limitations which they do not tell you initially. But after you get involved - deposit funds, open positions - you face these limitations and they can cause a lot of trouble:
- max number of open positions: 50
- max number of active orders: 100
- max number of closed positions per 7 days: 200
- some other minor limitations
When a limitation is reached, a dialog box appears in their client application saying about the limitation. Afterwards you can not place orders.
Advantages:
Client program with a user-friendly interface
Great support chat
Fast order execution
No limit on trade size
No overnight interest
Liberty Reserve, E-bullion, E-Dinar and WebMoney billing options
Investment funds shares available
World indexes and precious metals trading
Disadvantages:
No MetaTrader 4 software support
U.S. citizens can't open accounts
$7 withdrawal fee (only first withdrawal)
Muslim Forex broker - no overnight interest
No contact phone/fax numbers
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