Status Markets Review – Taking a Close Look at Their Offerings

Status Markets Review

One of the numerous brokers operating in the market is Status Review that was founded a couple of years ago. Of course, like others it also promises to provide you with exceptional trading services, but you have to know its offerings in order to determine if it is capable of doing so or not. This Status Markets review will come in handy for doing so.

Every now and then, the financial markets are in the news and many people have profited from these markets for decades. You have heard the success stories where traders made fortunes in the forex market, the stock market, and the commodities market.

More recently, it is the cryptocurrency market that has become the talk of town and millions of people have earned high profits from this space. With the global coronavirus pandemic shutting down many earning opportunities, people have turned towards these markets for making money.

Before the 21^st century, accessing these markets was not that simple, but things have changed drastically over the years. Thanks to online trading, people are able to gain access to the financial markets no matter where they are, whether home, office, or anywhere else.

But, who has facilitated this ease? This is where online brokers come in, as they provide traders with access to the market, the trading platform used and the tools that are also an important part of the process. Brokers had been part of the traditional era of trading as well and their role has remained just as vital today.

This means that if you want to trade in any of the financial markets, your first priority should be to look for a broker. However, one essential thing you need to consider is that you cannot just pick a company at random in order to start trading.

It is vital to bear in mind that not all companies offer you the same type and level of services. Likewise, their target clientele also varies, so you have to ensure you fit in that category, or else there will be problems. Sure, it will require a bit of effort on your part, but can actually be a good thing because it saves you from the hassle of switching platforms in the future.

It wastes your time and you may also miss out on various opportunities. Hundreds of brokers can be found with a simple search, but taking a close look at their offerings before signing up is the ideal way to go. It ensures that you know what you will be provided in terms of instruments, platform and other services.

You can avoid disappointment and find a comfortable solution for your trading needs and expectations. Amongst the many choices in the market, you will find Status Market, which was established in 2017. MarCo Global Properties LTD, based in the Marshall Islands, introduced this forex and CFD broker for providing credible investment opportunities to global traders.

Of course, like other companies, it also promises you top-notch features and services, but taking a close look at its offerings is a must for your peace of mind. This is where you can find the following Status Markets review helpful:

Broker	Status Markets
Website	https://statusmarkets.com/
Trading Accounts	Three Account Types; Silver, Gold and Platinum
Minimum Deposit	$250
Assets Coverage	Forex currency pairs, Stocks, Cryptocurrencies, Indices and Commodities
Trading Tools	Trading Indicators, Trading Calendar, Calculator, Signals, Live Charts, Technical Analysis Tools and Reports, Price Alerts, Market Research, Economic Calendar, Financial News and Risk Management Tools
Education and Training	Yes; e-books, online video courses, webinars, seminars, tutorials, in-depth research and glossary.
Customer Support	24/5 support via email address, phone number, live chat and online contact form. An FAQ section is also available.
Security Policy	KYC (Know Your Customer) and AML (Anti-Money Laundering)
Parent Company	MarCo Global Projects LTD

The Security Features

Trading in the financial markets comes with its risks because of their volatile. However, trading online comes with additional risks because there are security risks that also have to be addressed. The internet is not centrally governed and monitored, due to which cybercriminals are rampant.

The number of cyberattacks has surged over the last couple of decades and you can find a number of incidents where people had their money stolen, or their personal and sensitive data was compromised and misused. This clearly means that you have to be very cautious when surfing the internet.

Sure, you can take precautionary measures, but when you trade online, you have to sign up with a brokerage. This means entrusting them with your sensitive and financial information, along with your money.

If their security features are lacking, you will be left exposed and this is something you want to avoid. Therefore, you need to check the security features of a platform before you sign up with them. The security aspects of Status Markets will not disappoint you because they have addressed the safety of your funds, long with your personal information.

They have used advanced SSL (Secure Socket Layer) technology for monitoring all website traffic and encrypting it. Along with this, they also use full data encryption, which conceals all your personal and sensitive information from prying eyes.

You will also find a full-fledged Privacy Policy in place on the Status Markets platform, which indicates exactly what data is accumulated and how. Plus, they also confirm that none of your personal details will be shared with anyone without your consent.

As far as the safety of your funds is concerned, segregated customer accounts are maintained for this purpose. This means that Status Markets keeps its own accounts separate and does not use their clients’ funds for any purpose other than trading.

They are only used for trading activities and in the event of the company’s bankruptcy, they will be returned to the traders. Moreover, the funds are deposited with some of the leading financial institutions to prevent theft.

In addition, the KYC (Know-Your-Customer) and AML (Anti-Money Laundering) policies are also followed by Status Markets for adding another layer of security. These policies require traders to provide documents that can be used for proof of identity and residence. The former needs a national ID card, driving license, or an international passport.

It should be valid, have your full name and a clear photograph. For the latter, you need to provide a utility bill like gas, electricity or water, or a bank statement, which shouldn’t be more than three months old. It should show your full name and address.

The purpose of these documents is to verify the accounts of all Status Markets traders, thereby preventing cybercriminals from making fake accounts on the platform. With these policies, it is also possible to mitigate the risk of financial fraud, money laundering and identity theft.

The Asset Index

Taking a look at the asset index of a broker is also necessary before you make any decision about them. This is because the financial markets comprise of different types of instruments and it is up to the broker to decide which ones they want to offer.

Some platforms focus on just one market, such as forex, or cryptocurrency. Others may offer their clients access to several markets. Either way, you have to know what you can trade beforehand because this has a direct impact on your bottom line. The profitability of every instrument is unique, so you cannot expect to make the same kind of returns with two different instrument.

It depends heavily on their volatility, which should be taken into account because you want to ensure that you are comfortable with taking the risk.

No matter what broker it is, all of them will promise to give you access to some of the best trading instruments, but you should be aware that everyone’s preference is different. Hence, your job is to check and confirm that the asset index comprises of those instrument that you would be interested in trading and can give the kind of returns you are aiming for.

The asset index at Status Markets will appeal to most people because they have given their clients access to some of the world’s most renowned financial markets.

Not only do they give you instruments from these markets, they have made an effort to add the ones that are the most popular and can help in earning high returns. More than 100 trading instruments can be found on their platform, which can enable every trader to find one that is according to their comfort level.

Furthermore, you should also be aware that with such a range of instruments at your disposal, you will be able to diversify your trading portfolio. This can reduce the trading risks because your capital is spread across different markets and boost your profits. Check out some of the markets that Status Markets allows you to access:

Stock: Who hasn’t heard of the stock market? For decades, trading has been associated with the stock market where shares of companies all around the world can be traded. In fact, many of the world’s richest people have made their gains in this market.

Considering its popularity, you can find some of the top companies listed by Status Markets on its platform. These include Amazon, Toyota, Pfizer, PayPal, Apple, Alibaba, Microsoft and IBM.

Forex: The daily trading volume of the forex market is in excess of $5 trillion, which indicates how active this financial market is.

Hence, there is a lot of money to be made here and Status Markets has added major, minor and even exotic currency pairs to ensure its clients can make the most of the opportunities. You can choose from currency pairs like EUR/USD, GBP/USD, AUD/NZD, EUR/GBP, USD/JPY and USD/CHF.

Indices: While the stock market deals with trading of individual stocks, the indices market allows its users to trade baskets of stocks making it quite lucrative. Some of the top indices in the world are at your disposal at Status Markets and these include FTSE 100, S&P 500, CAC 40, Nikkei 225 and DOW JONES.

Cryptocurrency: One of the fastest growing financial markets in the last decade has been the crypto market and its high demand has made digital currencies a force to be reckoned with. The extreme volatility of this market can generate high profits and you will find cryptocurrencies like Bitcoin, Litecoin, Ethereum, Bitcoin Cash, NEO, Dogecoin, Ripple and Tether to choose from at this platform.

Commodities: Traders can enjoy consistent returns from the commodities market, which are considered an ideal option for those with a lower risk tolerance. You can find different types of commodities available, ranging from hard to soft.

These include precious metals, such as gold, silver, platinum and copper, agricultural products like wheat, sugar, rice, corn and coffee and energies like crude oil and natural gas are also part of the mix.

Trading Software

The one feature of a broker that you engage with for the most part is the trading software, commonly referred to as the trading platform. This is due to the fact that this software connects to the financial markets and gives you the ability of opening and closing trades.

It also provides the tools that are needed for trading, which means that your experience with the company will depend heavily on this platform. A good trading platform will allow you to trade easily and enjoy your experience as well, while a complex or lacking one will leave you frustrated, unhappy and dissatisfied.

The decision of the kind of trading platform to provide is of the broker and you need to take a close look at it for ensuring it is one that can help you in your trading journey. You will find that Status Markets has added several options to choose from when it comes to the trading platform.

There are different versions of trading software that exist, such as desktop-based, web-based and mobile solutions, and they appear to have added an option in each category in order to facilitate their traders. This is undoubtedly a benefit because it ensures that you can choose a platform that suits your needs.

However, the most important fact you will discover is that Status Markets has added the MetaTrader4 trading platform to its offerings. If you have looked into trading platforms, then you should know that this is the best one that exists in the market.

It is considered the king of all trading platforms, due to its technology and powerful trading features and tools. Traders all over the globe recommend this platform and you can get access to it here. It is available for both Windows and Mac devices, so you can download it on your preferred one.

The MT4 trading platform has been designed for beginner and skilled traders alike, so it offers a simple interface and a feature-rich environment that can enhance the trading process. Despite the use of advanced technology, the MT4 is easy to navigate for everyone because of its intuitive interface.

Along with the desktop client, you will come to know that Status Markets has also added mobile MT4 trading apps that can be used by their clients for trading from anywhere. You can enjoy a lot of flexibility by downloading these apps on your smartphones, or mobile devices.

They enable you to stay connected with your trading account on the move, hence taking advantage of any market movements that occur at any time. Along with these options, a web trading platform has also been developed by Status Markets for its clients, which requires no downloading or installation.

This platform can be used on any device that’s connected to the internet and supports a web browser, which again gives you flexibility. No matter which trading platform you decide to use, you will have access to some of the best trading tools that can be found.

Status Markets is fully aware that these trading tools can be immensely useful in making decisions, so they have added a number of these for allowing their clients to achieve their goals.

They have provided an economic calendar that can be used for staying up-to-date with market events and happenings. There are trading indicators, live and interactive charts, graphs, and order types like take profit and stop loss, price alerts, trading signals, market analysis, along with the latest market news.

Educational Resources

The beauty of online trading is that it has eliminated the barriers of entry that existed in the traditional form of trading. Today, even if you don’t have any knowledge, or experience in the financial markets, you can still try your luck. But, everyone should understand that having proper education and understanding of how these markets work will play a very crucial role in your success.

You cannot hope to make the same kind of profits as other traders who know the ins and outs of the market because they have the right education. No, this doesn’t mean that you have to have a degree to be a good trader.

But, you do need to get some knowledge and acquire some skills and this is where Status Markets can be useful. They have curated their services to cater to all types of traders, whether they are novices with no knowledge and experience, or professionals who have years of trading experience under their belts.

Therefore, they have added appropriate educational resources that can provide value for all categories of traders. You will find these resources available in different forms and can decide which one is most convenient. There is a glossary that can help newbies in learning the appropriate jargon for keeping up with the markets.

Likewise, there are online videos and tutorials that cover various aspects of the financial markets and can help traders in polishing their knowledge and also learning about different strategies.

You can also find seminars and webinars that are conducted by market experts that don’t only help beginners and intermediate traders, but also assist skilled people in staying up-to-date with the market and understand where they may be able to improve. This ensures that everyone is able to make the most of their trading and are not left behind.

Account Options

You have to register with a broker and open a trading account in order to start trading. Typically, a number of account options are given to traders from which they have to choose one that can meet their requirements. These account options are usually designed keeping in mind the different trading styles, risk appetites and capital restrictions of traders because no two traders will ever be the same.

You will find three account options provided by Status Markets as well and you can evaluate these options to choose one that suit your needs. The three accounts are named Silver, Gold and Platinum, and have been created for beginners, intermediate and skilled traders, respectively.

First off, you can distinguish these accounts based on the leverage they offer on the various instruments you can trade. The Silver account offers leverage of 1:200 for forex and 1:50 for gold and silver, commodities and indices, while 1:20 leverage is given for stocks/equities.

The Gold account starts with leverage of 1:300 for forex and 1:100 for the rest with the exception of stocks and equities that have a leverage of 1:40. Leverage of 1:400 is given for forex in the Platinum account and 1:125 for the other assets, with stock and equities having a leverage of 1:50.

As far as account features are concerned, you will find that Status Markets has added news alerts, a dedicated account manager, free VPS, customer support, webinars and videos, fifth decimal, support for hedging strategies and a Swap discount of 25% and 50%, respectively, for the Gold and Platinum accounts. An Islamic account option is also available to cater to Muslim traders.

Ending Thoughts

Taking a close look at the offerings of Status Markets indicates that they have done a good job of adding all the ingredients that are needed for delivering a solid trading experience to every trader in the financial markets.