Global Markets Association Review
Online trading has picked up significantly in the last few years. The stock and forex exchange markets have been around for a long time, but the financial markets comprise of thousands of other instruments that can also be traded. The best thing about trading is its potential of giving you profits even in times of uncertainly. Moreover, there are no tough prerequisites for stepping into the trading market and you can leave at any time you want. Also, you can do it right from the comfort of your home and do it part-time while continuing with your job.
With that said, it is important to remember that there are some pitfalls that you need to be aware of. To get started, you have to complete one important step; selecting a broker. A broker is your gateway into the financial markets as they provide you with the assets to be traded and the platform on which they are traded. Put simply, they facilitate the trading process and provide you everything you need to have a smooth trading experience. The downside is that not all brokers do so. Like every other market, there are good and bad options here as well and it is up to you to make the right choice. How can you do that?
The best way of going about choosing a broker is to dive deep and put each and every aspect under the microscope before making a decision. It is vital to remember that what might be a good option for some may not work out for you. This means that you cannot depend on recommendations alone. You need a comprehensive, well-rounded broker that can see to your needs in the best possible way, like Global Markets Association. This brokerage has been working in the industry with the primary aim of delivering premium value-added services to their clients.
Global Markets Association Overview
Global Markets Association is registered in the Marshall Islands and was formed by a group of professional traders for providing traders with a suitable and professional platform that could fulfill their needs. This resulted in the launch of Global Markets Association, which provides its clientele with access to more than 5,000 trading instruments. People who sign up with this broker have the choice of delving into the forex market, stock, cryptocurrencies, indices or commodities market. The broker has also added a set of advanced and sophisticated trading tools that can help people in making the most of their trading.
With time, Global Markets Association has managed to attract a lot of attention in the market because it provides market-leading services to traders all over the world. The best part about the broker is that it hasn’t restricted itself to a specific class of traders- both newcomers and skilled traders will find the broker an excellent fit for their requirements. The package includes advanced tools, fair prices and efficient customer support, all of which can make a big difference in a trader’s experience. Furthermore, Global Markets Association is also committed to providing topnotch security to client funds and information for their peace of mind.
If you are still unsure of whether Global Markets Association fits the bill of a trustworthy and reliable brokerage, it is best to check out how to get started with the broker and access its services before you make up your mind. Read on to learn exactly how you can use Global Markets Association for seamless trading.
Getting Started with Global Markets Association
One of the biggest complaints that most traders have with brokerages is that their setup procedures are too complex and time consuming. This can be extremely annoying because you want to get started right away instead of having to fulfill an endless list of formalities. Global Markets Association provides its clients with convenience at every step, which means you will not encounter any difficulty or complication when you opt for this broker. They have kept the procedure very simple and straightforward, understanding that not all people who sign up are expert traders. To get started, you have to complete the following steps:
- Registering with Global Markets Association
First and foremost, you need to start the registration process at Global Markets Association. This means visiting the broker’s website and clicking on the ‘Registration’ option provided. This will open up a registration form that has to be filled out. There are some personal details that you will be required to share at this point.
Some of the information needed include your name and surname, country of residence, email address, phone number and a promo code, if you have any. Bear in mind that you can only register with Global Markets Association if you are over the age of eighteen. Next, you agree to the broker’s terms and conditions and complete the registration process. Make sure all information you share is authentic or you will not be able to trade.
- Select an account option
After the registration process is complete, the next step is to select an account option as per your needs and preferences. Similar to registration, this step is necessary to complete because you cannot start trading unless you have an account with the broker. This is due to the fact that the account will not just store all your personal information, but also the money you deposit for trading and will be used for managing your portfolio. Global Markets Association offers multiple account options and you can check the merits and disadvantages of all before you choose an option.
- Add funds to your account
When you have completed the above two steps, the third one requires you to add funds to your selected account so you can start trading. You cannot start trading until you have funded your account so this step cannot be skipped.
- Start trading
Once the initial steps are complete, you are now ready to begin with the trading process. This means that you can now trade the wide range of financial instruments that the broker is offering directly through your trading account. If you need any assistance or help, Global Markets Association has a customer support department where professionals are ready to assist.
Special Features at Global Markets Association
Now that you know how you can start trading at Global Markets Association, it is important to figure out what special perks the broker offers to have earned it the kind of reputation it has. It has become globally known for its impeccable services, but what do these services include? Some of the special features that you will come across at Global Markets Association are:
- Impressive Asset Range
Do you plan to invest in just one asset or do you want to diversify? Even if you fall into the former category, it is recommended that you choose a broker that offers a wide array of trading instruments because you will eventually want to spread your capital later on. Why? This is because diversification is one of the best ways of earning the most profits and minimizing your risks, especially in the trading world. Any trader worth their salt will come to know this sooner or later. Thus, you need a brokerage that’s offering you plenty of assets to invest in and Global Markets Association fits this requirement perfectly.
As stated above, you can find more than 5,000 assets available at Global Markets Association and the broker enables you to trade CFDs in different markets as per your preference. You can trade the top forex currency pairs at Global Markets Association, which includes major and minor pairs as well as some exotic pairs that are quite volatile. The brokerage also gives you access to the traditional stock market where you invest in top global companies.
If you are willing to take risks, indices are also available. But, if you are looking for a less volatile and safer option, Global Markets Association has added various commodities like precious metals, energies and agricultural products. However, the most notable asset in their index is cryptocurrency. It is the newest and most-trending financial instrument these days and has drawn the interest of people all over the world. Global Markets Association has added numerous cryptocurrencies to their offerings to cater to crypto traders as well.
- Unique Categories of Accounts
What makes Global Markets Association is that the brokerage has gone to great lengths for accommodating the needs of inexperienced as well as experienced traders. They are aware that not all traders fall into the same category and so they have developed account options for different and unique traders. This allows everyone to find an option that suits their risk tolerance and needs. The account categories include:
This is a special account option that has been primarily developed for assisting new traders. This account is available for free and can help newbies in getting started with trading without putting their entire investment at risk. The purpose of the demo account is to help beginners in becoming acquainted with the market conditions and to familiarize themselves with the broker’s trading platform. This ensures that they are not confused when they are trading live and make mistakes that can cost them their entire capital.
Global Markets Association offers virtual currency to its clients in the demo account that can be used for making trade, similar to how it is done in the real market. The demo account provides live forex prices, which gives traders a great opportunity to test various trading strategies to find out which one works best for their trading style and if they are profitable or not. It is also a great way of determining the potential risks that you will encounter during the actual trading process. Nonetheless, the best thing about the demo account is that even helps skilled and professional traders.
They can use the demo account for trying new strategies that they haven’t dared to implement in the real market and they can also fix any mistakes in their old ones.
The second account option at Global Markets Association is called the real account and can be opted for when traders have gotten some practice under their belt with the demo account. As the name indicates, in this account, everything is real; this means you use real money, the market is live and the stakes are also real. If you make a mistake here, you will lose your money. To make sure it doesn’t happen, the broker offers account managers to help traders out and they provide guidance and tips for portfolio management.
Other than the demo and real trading account, Global Markets Association has also added an Islamic account to their list of options. This account is undoubtedly unique because it caters to a specific category of traders; those who follow the religion Islam. This account is different from the real account because it doesn’t include any swap rates. As per the Sharia law, Muslim traders cannot trade with accounts that have swap and rollover rates for holding overnight positions. No form of interest is applicable under this account, allowing Muslim traders to participate in the markets without any worries.
Apart from that, all features of the real account like hedging positions and leverage are provided under this account option. All transactions made via an Islamic account are closed exactly at 22:00:00 GMT and they are then immediately reopened at 22:00:01 GMT.
These are the three account options that Global Markets Association has devised for their traders. You can choose an account option and move onto the next step of making a deposit to begin trading right away.
- Leading Trading Platform in the Market
One of the most special features of Global Markets Association is that it gives traders access to the world’s most popular and advanced trading platform, the MetaTrader 4, which is mostly known as the MT4. The most prominent feature of the MT4 is that is comes with an easy-to-use interface, which makes it very simple for everyone to use, whether they are beginners or professional and experienced traders. The MT4 trading platform boasts a number of features and tools that can come in handy for boosting profits. For instance, it has incorporated the pattern recognition tool that can come in handy for identifying trends and patterns in the movement of an asset.
Likewise, the MT4 Strategy Tester can also be used for testing and optimizing your trading strategies. The beauty of the MT4 trading platform is that it has been especially developed for facilitating forex and CFD trading. This makes it fully capable of analyzing the market with the help of cutting edge trading tools. The MT4 trading platform can also be customized and is enriched with the right resources and tools needed for smooth trading. The MT4 features include multi-language support, easy-to-use interface, updated daily news feed, free pre-programmed analytical tools, real-time client account summary, daily account statements, various charting option and plenty more.
Global Markets Association gives you the option of downloading the MT4 on your desktop or if you don’t want this hassle, you can access the WebTrader version through your web browser. This option is available for both Windows and Mac for your convenience. Along with these options, the broker also has an award-winning MT4 mobile app that also boasts the same features and functionalities. The best thing about the app is that it is available for both iOS and Android devices and allows you to trade on the move, no matter where you are. Hence, all kinds of traders can find a trading platform that suits their needs and is easy for them to use.
- Excellent Security of Funds and Information
One of the most essential aspects of trading is the safety and security of funds and your personal information. If a broker cannot provide protection to your funds, then that broker is not really worth signing up with. You don’t want to lose your hard-earned money due to a broker’s carelessness. Global Markets Association has not disappointed its clients in this regard and has taken them in confidence by ensuring excellent protection for their funds and their sensitive information.
For keeping the money safe, they have chosen to maintain segregation of accounts. This means all client accounts are kept separate from the brokerage’s own accounts. It is a way of ensuring that customer funds can only be used for trading and for no other purpose. This can be useful for preventing any misappropriation and adds a layer of security in case the brokerage goes bankrupt. Traders can rest assured that their funds will be refunded if that happens.
Moving onto security of personal information, Global Markets Association has opted to use the highest standard of encryption. All communications and data entered on their platform is instantly encrypted to ensure that no third parties can gain access and misuse that information.
- Stringent Account Verification Process
Another way that Global Markets Association has helped put its traders’ mind at ease regarding their safety is by implementing a stringent account verification process due to legal and regulatory requirements. This verification process requires everyone signing up with the broker to comply with a KYC (Know Your Customer) and AML (Anti-Money Laundering) policy. The former demands all clients to provide proof of identity and proof of address. This can be done by submitting a form of ID like ID card, passport or driver’s license and a utility bill, tax certificate or bank statement.
There is also a quick questionnaire that also has to be filled out. After you have provided all this required information, your account will be considered verified and you can begin trading with Global Markets Association.
- Simple and Easy Deposits and Withdrawals
Depositing and withdrawing funds is an important part of the trading process and you don’t want it to be too complicated. Global Markets Association has made an effort to provide traders with a simple and straightforward process for depositing and withdrawing their funds. They have added a number of methods for the convenience of their clients, such as bank transfer or debit and credit cards including Visa and MasterCard.
You just have to remember to use the same method for depositing and withdrawal, as per the AML policy. As far as the withdrawals are concerned, the broker makes sure you find it easy and convenient. All of the withdrawal requests that are submitted by clients are processed within 24 hours.
- 24/7 Customer Support Service
Global Markets Association understands the importance of friendly and available customer support for its clients. Traders often have questions about trading or they may face some trouble during the process. They may need help at any time during the day. Therefore, Global Markets Association has ensured that their customer support agents are available 24/7 to cater to their clients in the best possible way. One of the best things about their support staff is that they are very knowledgeable and friendly. They are familiar with the technical and other aspects of trading and can provide guidance really well to everyone.
As far as methods of reaching out to their team are concerned, the brokerage has given people the option of using the chat box on their website, an email address or there is also a phone number that can be used for a quick response. Any of these methods can be used for getting your queries resolved as quickly as possible.
- A Unique IB Partnership Program
For traders who are looking for extra ways to generate more income, the IB Partnership Program by Global Markets Association is right up their alley. This is a great opportunity for people to turn their contacts and skills into profit by earning high commissions. Having an IB business is a wonderful opportunity in which you can attract high-level clients, offer them training, education and support and earn a share in their success. This is an award-winning affiliate program that you are not likely to find with another brokerage.
When you go over these features, tools and services offered by Global Markets Association, it is easy to realize why this brokerage has become one of the leading options in the market and can provide their clients with the best of everything.