Brief informationMySafeMarket
MySafeMarket is a novice broker without a license but with snobbish promises
MySafeMarket calls itself an international broker that provides ideal conditions for trading. The office, owned by MYSAFE PLACE LTD, is registered in the Marshall Islands. Address: The Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960. The broker's working website has four versions: in Russian, English, Italian and Polish. There is no information about license on the website.
Types of accounts and trading conditions
The broker has three accounts with different contents and advantages:
- Silver - it is an account with 10-hour technical support, risk hedging, leverage from 1:20 to 1: 200, a discount on swap is not provided;
- Gold - it is an account with 10-hour technical support, risk hedging, a personal manager, and also an access to training videos and webinars, leverage from 1:40 to 1: 300, 25% discount on swap;
- Platinum - it is an account with 10-hour technical support, risk hedging, a personal manager, with access to training videos and webinars, free VPS and a news service, leverage from 1:50 to 1: 400, 50% discount on swap.
Dummy traders have the opportunity to practice their skills in trading and get to know the platform using a demo account. It does not need to be replenished with real money, so there is no risk for users.
Trading terminal
MySafeMarket offers to trade on the MetaTrader 4 platform. You can download the version for Windows, Android and iOS by clicking on the link on the broker's website.
A terminal with a decent list of working instruments is convenient for both novice users and for traders with experience. You can also trade without downloading the platform, but using the web version. The navigation link is available on the website.
Replenishment and withdrawal
You can deposit money into your account by bank transfer or via any convenient payment system. The withdrawal is carried out in similar ways.
Applications for withdrawal are processed from 9 a.m. to 6 p.m., local time. The broker has no commission. The period of withdrawal is from three to five banking days.
Training and news section
The website has a training section, but it contains only answers to the most popular questions and the Glossary section. The broker does not have analytical information. As for useful information, the broker has only a news section, and it contains only three news items.
Affiliate program
The broker provides an opportunity to earn on Forex not only to active traders, but also to those who are indifferent to trading. MySafeMarket is looking for partners who will promote the brand on the Internet under the auspices of the «Introducing Broker program».
Also, traders can take the opportunity to earn on someone else's trading. For this you just need to get a registration link and when the client who has registered on it completes the transaction, the partner who provided the link, will receive a commission.
Conclusion
The broker talks a lot about its reliability and security guarantees, but do not blindly trust the words. Before becoming their client, familiarize yourself with the terms of trading and read the legal documentation of its website. MySafeMarket is suspected of scam, so be careful!
