Geo Markets

What is Geo Markets？

Geo Markets, founded in 2010 and based in Mauritius, operates as an unregulated online trading platform offering over 650 instruments, including Forex, Metals, and International Stocks, the platform caters to traders with different account types, each demanding a specific minimum deposit. Clients can engage with the markets using popular trading platforms like Meta Trader 4 and MT5, and Geo Markets offers a suite of trading tools and resources, including economic calendars, calculators, and analysis tools.

Pros & Cons

Pros:

• High Leverage: Geo Markets offers a high maximum leverage of 1:500 that allows traders to control large positions with a relatively small amount of capital, providing the potential for higher returns on investment.

• Multiple Account Types: The platform offers diverse account types, including the STANDARD Account, ECN Account, PRO Account and ISLAMIC Account, catering to various trading needs and experience levels.

• Multiple Customer Support Channels: Geo Markets provides various customer support channels including phone, email, and contact form (24/5 support), enhancing accessibility and assistance for clients.

Cons:

• No Regulation: The lack of valid regulation raises significant safety and trust concerns, as regulatory oversight is crucial for ensuring customer protection and platform transparency. There are also reports of being unable to withdraw and scams, adding to the cons of the platform.

Is Geo Markets Safe or Scam？

Geo Markets currently lacks valid regulation, which raises significant concerns about its safety and legitimacy. Regulatory oversight is crucial for ensuring that a financial services provider operates within established standards and adheres to specific rules and requirements designed to protect investors and clients. Without proper regulation, there is an increased risk of fraudulent activities, scams, and inadequate consumer protection.

Market Instruments

Geo Markets empowers you to trade a wide range of assets:

• Over 650 instruments: Choose from a diverse selection of investment opportunities.

• Forex: Trade major and minor currency pairs.

• Metals: Gain exposure to precious metals like gold and silver.

• DMA Futures: Access direct market access (DMA) for futures contracts.

• CFDs: Trade contracts for difference (CFDs) on various asset classes like indices, metals, and energy.

• International Stocks: Invest in stocks of companies listed on international exchanges.

Account Types

Geo Markets presents traders with a range of account options, each tailored to specific preferences and trading expertise. The platform accommodates users with varying financial capacities through the following account types:

• Standard Account: Ideal for entry-level traders or those looking to start with a modest investment, requiring a minimum deposit of $250.

• Professional Account: Geared towards seasoned traders seeking advanced features and higher trading volumes, with a minimum deposit of $2500.

• ECN Account: Designed for traders desiring direct market access and enhanced execution speeds, involving a minimum deposit of $2500.

• STP Account: Catering to traders preferring Straight Through Processing for seamless order execution, this account type requires a minimum deposit of $2500.

How to Open an Account？

Steps:

• Click the button ''REGISTER'' on the homepage.

• Follow the on-screen instructions to input your personal and contact details.

• Set a secure password for your account.

• Read and agree to the Terms and Conditions and any other policy as required.

• An email will typically be sent to your registered email address to verify your account. Ensure to check your inbox and spam folders.

• Click on the link received in the verification email to activate your account.

• Click the green “SUBMIT” button.

Leverage

Geo Markets provides users with varying levels of maximum leverage across different account types, catering to the diverse risk preferences and trading styles of its clientele. The platform offers the following leverage options:

• Standard Account: Users can access a maximum leverage of 1:500, providing significant flexibility in managing positions and risk.

• Professional Account: Tailored for more seasoned traders, this account type offers a maximum leverage of 1:300, striking a balance between risk and reward.

• ECN Account: Designed for direct market access and enhanced execution speeds, this account features a maximum leverage of 1:500.

• STP Account: Providing Straight Through Processing for seamless order execution, this account type comes with a maximum leverage of 1:500.

• Prime ECN Account: Tailored for advanced traders, this account offers a maximum leverage of 1:100, catering to those seeking a lower leverage ratio.

• Islamic Account: Aligned with Islamic finance principles, this account type provides a maximum leverage of 1:100, offering a suitable option for traders who adhere to Sharia laws.

Spreads & Commissions

Geo Markets offers competitive spreads and commissions across its various account types, tailoring its pricing structure to meet the diverse needs of traders. There's a table of the spread and commission details for each account type:

Trading Platforms

Geo Markets provides a variety of trading platforms to cater to the diverse needs of its clients. These platforms include:

• Meta Trader 4 (MT4): A widely used and popular trading platform known for its user-friendly interface and advanced charting tools.

• MT5 PC Terminal: The MetaTrader 5 platform for desktop computers, offering enhanced features and capabilities compared to its predecessor, MT4.

• MT5 Mobile Terminal: A mobile version of the MetaTrader 5 platform, allowing clients to trade and manage their accounts on the go using smartphones or tablets.

• MT5 Web Terminal: A web-based version of the MetaTrader 5 platform, enabling users to access their accounts and trade directly through web browsers without requiring a download.

• PAMM (Percentage Allocation Management Module): A system that allows investors to allocate funds to a particular trader or multiple traders for trading, with profits and losses distributed proportionally.

• MAM (Multi-Account Manager): Similar to PAMM, MAM allows money managers to manage multiple trading accounts simultaneously, making it efficient for handling large amounts of capital.

Trading Tools

Geo Markets equips its traders with a comprehensive set of trading tools and resources to enhance their trading experience. These tools include:

• Symbols: Access to a wide range of financial instruments and assets for trading.

• Forex Calculator: A tool for calculating various aspects of forex trades, such as pip value, margin, and position size.

• Invest Profit Calculation: A feature that allows traders to calculate potential profits on their investments based on different scenarios.

• Margin Calculator: Helps traders determine the required margin for their trades, considering leverage and position size.

• Autochartist Tool: An advanced technical analysis tool that identifies chart patterns, support/resistance levels, and potential trading opportunities.

• Economic Calendar: A calendar displaying important economic events and announcements that may impact the financial markets.

• Pivot Points Strategy: Utilizing pivot points as a strategy for determining potential support and resistance levels in the market.

• Trading Signals: Alerts and recommendations generated by the platform or third-party providers to assist traders in making informed decisions.

• Economic News and Data Feeds: Access to real-time economic news and data feeds, allowing traders to stay informed about market developments.

Customer Service

Geo Markets provides a comprehensive and accessible customer support network. Their support team can be reached through different channels for ultimate convenience.

• Phone Number: +971 (0) 543726123

• Email: info@geomarkets.com

• REGISTERED OFFICE ADDRESS: Ground floor, The Sotheby Building, Gros-Islet, Rodney Village, Saint Lucia, PIN - 00001.

• PHYSICAL ADDRESS: 7TH FLOOR TOWER-B, 117, Sir Thyagaraya Rd, Drivers Colony, T. Nagar, Chennai, Tamil Nadu 600017

• Contact form (24/5 support), live chat

Conclusion

In conclusion, Geo Markets offers an extensive range of trading instruments, various account types, a high maximum leverage, multiple trading platforms, and various customer support channels, making it an advantageous platform for various investors with varying investment styles and goals. However, the lack of valid regulation raises significant concerns about the safety and trustworthiness of the platform.

Frequently Asked Questions (FAQs)

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.