Pure Market is a Forex and CFD Broker that features on its trading platform currency pairs as well as CFDs on indices and commodities. Pure Market is a subsidiary company of Price Markets UK Ltd, a corporation that is regulated and overseen by the Financial Conduct Authority (FCA) in the United Kingdom. The average spread charged by the broker is for a popular currency pair EUR/USD 1.3 pips*, real trading is possible with a minimum deposit of $1 000. The Pure Market website is available in English, Spanish, Russian, Chinese.
What do we cover in our Pure Market Review?
|General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.|
Basic information about the broker
- Website address: puremarketbroker.co.uk
- Leverage: up to 1:200 (Entity regulated by the VFSC – puremarketbroker.com), up to 1:30 (Entity regulated by the FCA – puremarketbroker.co.uk)
- Instruments: 58 FX Pairs, CFDs – 2 Metals, 3 Energy, 13 Indices
- Minimum deposit: $1 000 (base currencies: EUR, USD, GBP)
- Demo account: Yes, free of charge
- Methods of deposit and withdrawal: Wire Transfer, Skrill, Neteller, Credit and debit cards (Visa/MasterCard)
Pure Market Trading Platform
For FX and CFD trading, Pure Market offers MT4. A popular platform used not only for executing trades but also for analyzing financial markets and automated trading. MT4 can be downloaded to any computer or can be accessed via just a web browser or a mobile application. The trading platform gives access to 76 trading instruments.
Pure Market Spreads
As any other CFD broker, Pure Market charges a spread fee. For the most current spread charges, please visit the puremarketbroker.co.uk website. Here is a spread comparison table that contrasts Pure Market spreads with popular industry competitors.
*Avarage spreads recorded on 05.12.2019 at 17:18 GMT for the STP-FX account. Spread charges were taken from the website of the broker. **Spreads recorded on 26.09.2019 at 11:26 GMT from the trading platform of the broker.
Pure Market regulation
Price Markets UK Ltd is authorised and regulated by the Financial Conduct Authority (FCA) under firm reference number: 725804.
Liquidity FX Broker LTD is authorised and regulated by the Vanuatu Financial Services Commission in the Vanuatu under VFSC Firm Reference Number 14801.
*Pure Market Broker UK is a trading name of Price Markets UK Ltd (puremarketbroker.co.uk)
*Pure Market Broker is a trading name of Liquidity FX Broker LTD (puremarketbroker.com)
Advantages and disadvantages
Every Broker has its pros and cons, let’s have a look at the ones that elevate & denounce Pure Market.
Pure Market Pros
- FCA regulation
Pure Market Cons
- Netteler and Skrill payments not availeble for UK/EEA (EU) Clients
- Low number of tradable assets
To sum up the Pure Market Review
Pure Market Broker adheres to strict regulatory guidelines of the FCA. In addition to that, the broker is also regulated by the VFSC in Vanuatu. The broker charges a bit above average spreads but features a popular trading platform MT4. The number of available assets at Pure Market is quite poor, there are only a few commodities and indices, but no shares or cryptocurrencies. Taking all into consideration, the offer of Pure Market broker has not fascinated us in any way and we would love if the broker could work on some of the mentioned cons.
Your review can make a difference to other traders, please leave a comment if you have any personal experience with Pure Market.
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