About MySafeMarket Broker
MySafeMarket is a relatively new broker offering traders promises of ideal trading conditions. The company claims to be an international broker, owned by MYSAFE PLACE LTD and registered in the Marshall Islands at The Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960.
Account Types and Trading Conditions
The broker offers three types of accounts with different features:
- Silver – account with 10-hour support, risk hedging, leverage from 1:20 to 1:200;
- Gold – account with 10-hour support, risk hedging, personal manager, leverage from 1:40 to 1:300;
- Platinum – account with 10-hour support, risk hedging, personal manager, free VPS and news service, leverage from 1:50 to 1:400.
Novice traders can use a demo account for practice, which does not require depositing real funds, thus posing no risk to users.
Trading Platform
MySafeMarket offers the MetaTrader 4 trading platform. You can download versions for Windows, Android, and iOS by following the link on the broker’s website. The platform offers a wide range of tools and is convenient for both beginners and experienced traders. There is also an option to trade without downloading the platform through the web version, the link to which is available on the website.
Account Funding and Withdrawal
To deposit funds into the account, you can use a bank transfer or any convenient payment system. Withdrawals are processed through the same channels. Withdrawal requests are handled from 9 am to 6 pm local time without commissions. Withdrawal times range from three to five banking days.
Education and Information Support
The broker’s website features an educational section with answers to frequently asked questions and a “Glossary” section. The company does not provide analytical information. The only useful section available is the news feed, which contains only three news items.
Affiliate Program
MySafeMarket offers an opportunity for earning not only for traders but also for those not involved in trading. The “Introducing Broker” affiliate program allows earning by promoting the brand online. Traders can also earn from others’ trading through referral links.
Conclusion
Before becoming a client of MySafeMarket, it is recommended to review the terms of service and official documentation on the broker’s website. The company raises certain doubts about its reliability and level of security, so caution should be exercised.