Pure Market Broker Review - Is it scam or safe?

RATING: 2 / 0 REVIEWS

Pure Market Broker is an offshore broker. Your money is not safe.

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Trading Accounts & Conditions

Account type	Minimum deposit	Minimum trade size	Maximum leverage	Average Spreads (& Commission)
Pure Zero	$100	0.01	1:100	1.1 pips
Pure STP	$100	0.01	1:100	0.2 pips + $6 /lot

Pure Market Broker offers 2 trading account types. Both of them are accessible with an investment of $100 and offer variable spreads, leverage up to 1:100 and the option to trade in micro lots on the standard MetaTrader 4 platform. The Pure Zero account is commission-free, while the Pure STP account involves a commission but offers tighter spreads.

Pure Market Broker also offers PAMM accounts, designed for money managers and investors.

Indeed, the offerings of Pure Market Broker seem attractive: pure STP execution, the initial investment amount required is not high, the maximum leverage levels offered are reasonable and the spreads are good. Trading costs on Pure STP accounts are below 1 pip on EUR/USD per standard lot roundtrip. The only thing that bothers us with regards to this broker is the fact that it is registered offshore and not properly regulated.

The Company. Security of Funds

Company	Country	Regulation
Liquidity FX Broker LTD	Vanuatu	VSFC

UK-based Pure Market Broker offers trading in around 60 currency pairs, CFDs on indices, commodities and precious metals on the MT4 platform. The broker claims that it maintains a pure STP model with no conflic of interest and that its liquidity providers are Saxo Bank (Saxo Prime), Advanced Markets (for CFDs).

The company behind the brand, Liquidity FX Broker LTD operates under Vanuatu jurisdiction. Even though the Vanuatu Financial Services Commission is said to regulate and supervise the international financial services providers, the local forex regulatory regime is one of the laxest ones.

In view of all the risks associated with doing business with offshore brokers, we would advise you to select among reputable brokers regulated in the EU (by CySEC in Cyprus or FCA in the UK) or Australia.

Another thing worth mentioning is that when we downloaded Pure Market Broker’s MT4, we found that the name of the company providing it is not the one licensed in Vanuatu, but Pure Market LLC instead.

Trading Platform

Pure Market Broker offers its clients the good old MetaTrader 4 (MT4), available as a desktop download, web version and mobile apps.

Supported by the majority of brokerages, MT4 provides all the necessary tools and features for traders to analyze price dynamics of financial instruments (advance charting tools, built-in indicators, back-testing options), execute trades and create & use automated strategies (Expert Advisors).

Pure Market Broker’s MT4 platform. Click for a larger image.

Methods of Payment

Pure Market Broker offers its clients wide range of payment options: via credit/debit card, wire transfer, Skrill, Neteller, China UnionPay, Western Union, MegaTransfer, 2Pay4You, Sofort and Bitcoin.

Conclusion

Pure Market Broker is a MT4 forex broker headquartered in the UK whose offerings appear attractive in terms of trading costs and execution. Our main concern with this broker is the unreliable regulation (offshore). Here are, in a nutshell, the advantages and drawbacks with regards this broker:

Pros	Cons
Competitive spreads	Offshore broker
MT4 available	No choice of trading platforms
STP execution

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Broker	Country	Regulation	Platform	Min Deposit	Review
	Cyprus	CySec, FCA	MT4, MT5, Web	$5	Review Website
	Cyprus, Australia	CySec, ASIC	MT4, Web, Mobile app	$100	Review Website
	UK, Cyprus, Hong Kong	FCA, CySEC, SFC	MT4, Web, PrimeTrader	$100	Review Website
	UK, Cyprus, Australia	FCA, CySec, ASIC	MT4, MT5	$5	Review Website
	UK, Australia	FCA, ASIC	MT4, Trading Station, NinjaTrader	$50	Review Website
	UK, Cyprus, UAE, South Africa	FCA, CySEC, DFSA, FSB	MT4, MT5, FxPro Markets, cTrader	$100	Review Website
	Cyprus	CySEC	MT4, MT5, Web	$1	Review Website
	Belize	IFSC	MT4, MT5	$100	Review Website
	Cyprus, South Africa	CySec, FSCA, FSC	MT4, Web	$5	Review Website
	Seychelles	FinaCom	MT4, Web	$10	Review Website

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