|Name of the Broker||Marketiva||-|
|Demo account link||Demo Account||-|
|Live account link||Live Account||-|
|Safety of funds||6||-|
|Software ease of use||7||-|
|Tools and resources||7||-|
|Timeliness of application||7||-|
|Minimum account size||0||-|
|Application processing time||-|
|News and Charts|
|Free charts with broker feed||-|
|Premium charts w/feed||-|
|Trading off charts||-|
|Applications and Usability|
|Web based application||-|
|Training video available||-|
|Usability of software (1=poor, 5=very good)||-|
|Courses and Webinars|
|Free training signals||-|
|Help and Support|
|Live Chat||Live Chat||-|
|Email support||Email Support||-|
|Other (by whom)||-|
|Segregated account available||-|
|Segregated account standard||-|
|Client funds held separate from operating funds||-|
|Balance sheet available||-|
|NFA member page||-|
At Marketiva, you can open an account with no money and have THEM deposit the first $5. If you are looking to start small and get your feet wet in the forex market, Marketiva may be for you!
If you are looking for depth of market information and the ability to trade millions at a clip, than Marketiva may not be for you. In that case, you should look into a broker like Dukascopy
Marketiva is run by a team of IT specialists and financial experts who are highly experienced, and as they come from different parts of the globe, they are able to provide an analysis of the global market and its trends.
Unbelievable though it may be but it is very true that at Marketiva you can start an account by paying absolutely nothing. What is even more surprising is that they credit the account with $5. They also provide a 1% margin on the trades that makes it all the more luring. You cannot look for a better trading platform to start forex trading.
The signing up process is quick and within minutes you can download the software and begin trading. The software is well laid out and easy to manage with everything within reach. This makes it simple even for beginners to easily handle the software.
The Marketiva forex trading platform offers you an additional account along with a live account. This account is credited with $10,000 of virtual money and is an excellent medium for honing your trading skills. So, besides trading with your live account you can practice your trading strategies side by side on the virtual account without having to log on to a separate demo account.
As the screen opens up you can see that it has four different segments with each one providing separate information. The first segment gives you the latest market news and live quotes. All the commonly traded currency pairs can be obtained at Marketiva with average Spreads of 3-5 pips for the majority of currency pairs. The new tab gets you a live news update and you can also choose to view some of the special elements such as the basic and technical attributes of the market analysis that are provide along with the regular forex news.
The provided charts in the second section can be opened one at a time but even so you can easily formulate new charts and preserve them for use when required. Time scales can be anywhere between 5 minutes to a month. All the required indicators are available which you can select and save along with the created charts.
The third segment gives you a detail of your portfolio, displaying your account balances of both your live and virtual accounts. This portion also contains a Signals tab that receives the latest trading alerts from commercial as well as free systems. Many of these are available for free but you can always add some paid ones too. From the Alerts tab, you can avail yourself of the market news and trading events.
The last of the four divisions is where the trades are managed. You can place, stop, market or limit orders from this section. When you click on a live rate, you are given the option to choose to trade either via the live or the virtual account. Once the option is selected, the trade is executed.
Marketiva offers a live chat system with a lot of chat rooms even for different countries. Traders can interact with each other here besides which customer support is also provided through this channel.
The Accounts tab helps you deposit and withdraw money, which can be done through bank wires, eGold, eDiner, eBullion and WebMoney.
Marketiva with its free account and other tremendous offers make it a good contender for an efficient forex trading platform. It certainly is worth trying out as it offers you everything that a trading platform should provide, neatly packaged into one great deal.