MarketsVox Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-23 17:51

Abstract：Founded in 2023, MarketsVox is a financial company based in Seychelles. It holds an offshore license under the FSA. With the MT5 and MVSocial trading platform, MarketsVox offers market instruments like Forex, Indices, Commodities, and Metals. Moreover, there are three types of account (Cent, Standard, ECN) provided.

MarketsVox Review Summary
Founded	2023
Registered Country/Region	Seychelles
Regulation	FSA (Offshore)
Market Instruments	Forex, Indices, Commodities, Metals
Demo Account	✅
Leverage	Up to 1:2000
Spread	/
Trading Platform	MT5, MVSocial
Copy Trading	✅
Min Deposit	$100
Customer Support	Live chat, contact form
	Email: support@marketsvox.com
	Facebook, Linkedin, Twitter, Instagram, YouTube, etc.
	Address: CT House, Office 9A, Providence, Mahe, Seychelles

　　Founded in 2023, MarketsVox is a financial company based in Seychelles. It holds an offshore license under the FSA. With the MT5 and MVSocial trading platform, MarketsVox offers market instruments like Forex, Indices, Commodities, and Metals.Moreover, there are three types of account (Cent, Standard, ECN) provided.

Pros and Cons

Pros	Cons
A wide range of products	Newly-established
Demo accounts available	Offshore FSA regulation
Diverse account types	Unclear fee structure
Commission-free accounts offered
MT5 platform
Diverse payment methods
Live chat support

Is MarketsVox Legit?

　　Yes, but the license MarketsVox holds is an offshore one, which means the regulation is less strict.

Regulated Country	Regulated Authority	Current status	Regulated Entity	License Type	License Number
	The Seychelles Financial Services Authority (FSA)	Offshore Regulated	ForexVox (Seychelles) Financial Services Ltd	Retail Forex License	SD142

What Can I Trade on MarketsVox?

　　On MarketsVox, you can trade with over 100 products concerning Forex, Indices, Commodities (oil), and Metals.

Tradable Instruments	Supported
Forex	✔
Indices	✔
Commodities	✔
Metals	✔
Stocks	❌
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

Account Type	Account Currency	Min Deposit
Cent	USC	100
Standard	USD, EUR, GBP	100
ECN	USD, EUR, GBP	500

Leverage

　　The maximum leverage is up to 1:2000 for Cent account. Note that high leverage is a double-edged sword, which can not only bring great profits but also big losses.

Account Type	Max Leverage
Cent	1:2000
Standard	1:2000
ECN	1:1000

Spread and Commission

　　There is no detailed info on spreads. As for commissions, there is no requirement for the cent and standard account. The ECN account charges a commission but the specific amount is unknown.

Account Type	Commission
Cent	❌
Standard	❌
ECN	✔

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MVSocial	✔	Web, iOS	/
MT5	✔	Web, Mac	Experienced traders
MT4	❌	/	/

Deposit and Withdrawal

　　MarketsVox supports payments through Visa/MasterCard, Neteller, Skrill, Local Bank and Mobile Deposits, Sticpay, Crypto and International Wire Transfers.