Introduction
Numerous narratives contribute to elevated activity in the financial markets, spurring speculation across a broad range of popular assets. Currency pairs, stocks, indices, commodities, or even cryptocurrencies are heavily traded by retail traders from all around the world, as they try to take advantage of the fast-changing prices.
However, as we’ve highlighted numerous times already, it is critical to work with a reliable brokerage in order to take advantage of the markets in some of the best conditions. Not all brokers are legit, as the long string of reviews on our website is showing.
Still, that does not mean there are no trusted brands in the market. Some companies are committed to working on customers’ behalf and today we shift our focus on to MarketStep, a multi-asset provider promising some interesting specs at first glance. Read our MarketStep review to see why we do recommend this broker for trading.
About the brand
MarketStep is a popular financial services provider offering a full range of investment products. The company covers over 1,000 CFD instruments, ensuring traders have access to the hottest assets in the world.
Its primary goal is to unleash trading potential through cutting-edge technological innovation and financial proficiency. We analyzed the brand’s website and unlike other ones, in this case, there is an abundance of information available, suggesting MarketStep is transparent.
In terms of some of the most important features, we need to highlight the next-generation trading platform, competitive spreads, advanced graphs and analysis tools, secure trading, and professional customer support.
Trading platform
The customized and proprietary MarketStep platform offers access to the world’s most popular financial assets, combining all 5 major markets: forex, stocks, commodities, indices, and cryptocurrencies. Also, keep in mind this is a flexible platform thanks to the enhancing capabilities, regardless of your level of expertise.
With live charts, you can follow the performance of trending assets and place new trades on any type of device, including a smartphone or tablet. The economic calendar is updated each time economic events, news, and major decisions are released.
Not all traders can afford to stay in front of the charts all day and because of that, we appreciate that MarketStep provides customers with price alerts. They will get notified when assets reach pre-set levels. We should not forget about risk management tools (stop loss, take profit, or order entry tools) that play an important role in the process.
Security
Commitment to ensuring strong security can be seen at MarketStep, given the company uses the same level of encryption technology as international banks or major online retailers. This means traders’ online security and privacy are protected at any point in time, leaving customers to focus solely on the trading process.
Customer funds are stored in segregated accounts and personal details are not shared with any outside agency or third party. MarketStep also operates based on a guaranteed no hidden fees policy and their deposit/withdrawal process is fast, convenient and available via a broad range of payment methods.
You can deposit using a credit/debit card, wire transfer, or cryptocurrency, some of the most popular solutions in the market.
Tradable assets
Another sign we’ve found, suggesting MarketStep represents a reliable brand, has to do with the increased number of tradable assets available. Regardless of account type, each customer can trade on over 1,000 CFDs, including FX, popular global stocks, indices, commodities, and cryptocurrencies.
These are popular and still heavily traded assets, providing the opportunity to buy or sell-short, based on changing market dynamics. Keep in mind the maximum leverage is flexible and will depend on the asset class. Features such as exclusive access to stocks isn’t available to all clients.
Support
After taking a close look at its website, we’ve noticed MarketStep is always available to respond to any question or issue that might be encountered regarding its trading services. The live chat feature is by far the most convenient option, with a representative able to reply within seconds during working days. This service is available 24/5.
Some registered users can take advantage of an account manager, while if the live chat is not available, email or phone are other two ways to get in touch with a MarketStep representative.
Educational Resources
A broker showing interest in educating traders is one aware of the challenges awaiting in the market. Especially for a beginner, financial markets might be overwhelming from time to time, and a helping hand is always more than welcome.
MarketStep offers access to a broad range of video courses, eBooks, webinars, as well as a comprehensive glossary, and other resources available on its website. Also, in the Trader Tool section traders will find financial calculators, financial news, daily analysis videos, an economic calendar, and a live market summary. You can learn chart analysis and see some of the most active instruments each day.
Pros and Cons
- There is a team of professionals working behind MarketStep
- Traders can trade on global financial markets with 1,000+ CFDs
- Plenty of educational resources available for registered users
- MarketStep does not cover bonds and ETFs
- Large account holders are favored by premium trading conditions
Summary
Making the MarketStep review is actually a pleasure for us, given that a broad audience of traders can find a lot of valuable information on what this trading brand has to offer. We want to help readers avoid unreliable brokers and thus far, that does not seem to be the case with this one. In fact, the diversity of trading features available suggest it is a company interested in reaching a global audience and satisfying demands.
MarketStep continues to provide new benefits for customers and the variety of educational resources available facilitates learning for any individual who wants to get started in the financial markets.