Note: For some unknown reason, we cannot open LOCUS MARKETS official site (https://locusmarketsintltd.com/En) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.
General Information & Regulation
LOCUS MARKETS, a trading name of Locus Market Int Ltd, is allegedly a forex broker registered in China that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:800 and tight spreads from 0 pips on the industry-standard MetaTrader5 trading platforms.
As for regulation, it has been verified that LOCUS MARKETS does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.08/10. Please be aware of the risk.
Market Instruments
From LOCUS MARKETS demo MT5 account, the tradable assets were revealed as follows: forex currency pairs, metals, cryptocurrencies, indices and oil.
Leverage
A flexible leverage ratio ranging from 1:100 to 1:800 is offered by LOCUS MARKETS, which is much higher than that provided by most brokers. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads
As tested on the demo MT5 account, LOCUS MARKETS seems to offer the EUR/USD spread of 0 pips.
Trading Platform Available
The platform available for trading at LOCUS MARKETS is the leading MetaTrader5. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
LOCUS MARKETS appears to accept deposits and withdrawals via crypto-wallets and bank transfers only. The minimum initial deposit requirement is said to be $250.
Customer Support
LOCUS MARKETS‘ customer support can only be reached by email: info@locusmarketsintltd.com. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most brokers offer.
Risk Warning
Online trading involves a significant level of 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 contained in this article is for general information purposes only.
