Get To Know IST Markets In General
IST Markets Limited, Abbreviated As IST Markets, Operates In Saint Vincent And The Grenadines And Is Not Regulated. The Lack Of Regulation Has Raised Concerns Among Potential Investors As It Means There Is A Higher Risk Of Working With This Broker. IST Markets Offers A Variety Of Market Instruments Including Forex CFDs, Index CFDs, Commodity CFDs, Stock CFDs, Bond CFDs, Cryptocurrency CFDs And Futures CFDs. Traders Can Speculate On Currency Pairs, Global Indices, Commodities, Individual Stocks, Government Bonds, Cryptocurrencies And Global Futures Markets Through Their Platform.
IST Markets Offers Different Account Types, Including Classic, Premium, VIP, And Demo. Each Account Type Offers Different Spreads And Leverage Levels To Suit Different Trading Styles. They Also Offer Islamic Accounts For Clients Who Require Swap-free Trading Options Due To Their Religious Beliefs. However, It Is Worth Noting That The Lack Of Regulation May Affect The Security And Transparency Of Trading On This Platform.
This Broker Offers Multiple Trading Platforms, Including Metatrader 5 For A Variety Of Devices As Well As PAMM Services For Investors To Allocate Their Funds To Experienced Managers. They Have A Mobile App For Mobile Trading And Offer Educational Tools Such As Forex Glossary, Educational Webinars, And Risk-free Demo Accounts. 24/7 Customer Support Through Various Contact Channels, Including Phone And Email, And Physical Office Locations In Different Regions.
Pros And Cons
In The Evaluation Of IST Markets, Several Noteworthy Aspects Have Emerged. The Platform Offers Multiple Market Instruments And Caters To Various Trading Styles Through Multiple Account Types. It Also Boasts Low Spreads And Commissions. However, The Lack Of Proper Regulation Has Raised Concerns Among Potential Investors. Higher Minimum Deposits For Premium And VIP Accounts And The Imposition Of Fees On Inactive Accounts May Deter Some Traders. Additionally, International Bank Fees May Be Charged For Withdrawals. While Offering Islamic Accounts For Interest-free Trading And 24/7 Customer Support Is Positive, Limited Company Background Information, Transparency Of Trading Conditions, And Details About Trading Platforms And Features May Leave Traders Wanting More.
Market Tools
Forex CFDs: IST Markets Offers Access To The Forex Market For Multiple Currency Pairs, Including EUR/USD, GBP/JPY, And USD/JPY. Traders Can Speculate On Currency Exchange Rates Without Owning The Underlying Asset.
Index CFDs: The Platform Offers Index CFDs Related To Major Global Indices Such As The S & P 500, FTSE 100, And Nikkei 225. These Contracts Allow Traders To Bet On The Performance Of The Entire Stock Market Index.
Commodity CFDs: IST Markets Offers Commodity CFDs Covering Products Such As Gold, Silver, And Crude Oil. Traders Can Speculate On The Price Movements Of These Physical Commodities Without Owning Them.
Stock CFDs: The Platform Offers A Selection Of Individual Stocks From Exchanges Such As The Australian Stock Exchange, The New York Stock Exchange, And Nasdaq. Shares Of Popular Companies Such As Apple And Amazon Are Available For Trading.
Bond CFDs: IST Markets Offers Bond CFDs Issued By Governments In Japan, Europe, The United Kingdom, And The United States. Traders Can Use These Contracts To Speculate On Interest Rates And Global Sentiment.
Cryptocurrency CFDs: Traders Can Participate In Popular Cryptocurrencies Such As Bitcoin, Ethereum, And Ripple. Cryptocurrency CFDs Allow Traders To Profit From Price Movements Without Owning Digital Assets.
Futures CFDs: IST Markets Offers Futures CFDs Based On Global Futures Markets, Including The ICE USD Index And The CBOE VIX Index. These Contracts Can Only Be Traded On The Metatrader 4 Platform.
Account Type
Classic Account: The Classic Account Type Gives Traders Access To MetaTrader 5 In The Following Ways: Commission-free, With Trades And Spreads Starting At 1.8 Pips. It Requires A Minimum Deposit Of $100, Offers Leverage Up To 1:500, And Allows Up To 2,000 Open Orders Per Account. The Account Is Suitable For Day Traders And Scalpers, And Is Suitable For All Trading Styles.
Premium Account: Premium Account Serves Traders Using MetaTrader 5 With A Spread Of 1.2 Pips. Requires A Higher Initial Deposit Of $3,000, Offers Leverage Up To 1:400, And Allows Up To 200 Open Orders Per Account. This Account Type Is Suitable For EA And Scalp Traders, And Is Designed For All Trading Styles.
VIP Accounts: VIP Accounts Also Utilize MetaTrader 5, Offering Traders A Starting Point Spread Of 0.2 Pips, But Comes With A Commission Of $3.50 Per Lot Round. It Requires A Large Starting Deposit Of $25,000, Offers Leverage Up To 1:200, And Allows Up To 200 Open Orders Per Account. This Account Type Is Suitable For Discretionary Traders And Supports All Trading Styles.
Demo Account: IST Markets Offers Free Demo Accounts That Help Traders Gain Confidence And Practice Trading Without Any Risk. To Set Up Your Demo Account, You Can Log In To The Ist Market Platform Or Create A New Account For Free.
Islamic Account: IST Markets Offers Islamic Accounts, Also Known As Swap-free Accounts, To Clients Who Are Unable To Earn Or Pay Interest Due To Their Religious Beliefs. These Accounts Are Available For Both Original Spread Accounts And Standard Account Types On Mt5. Islamic Account Holders Can Trade Over 90 Instruments With Leverage Up To 1:1000 And Enjoy Spreads As Low As 0.0 Pips. These Accounts Do Not Incur Additional Swap Costs, Making Them Compliant With Islamic Finance Principles.
Leverage
IST Markets Offers Different Levels Of Leverage Depending On The Account Type. Classic Accounts Offer Leverage Up To 1:500, Premium Accounts Offer Leverage Up To 1:400 And VIP Accounts Offer Leverage Up To 1:200. Additionally, Islamic Accounts Offer Leverage Up To 1:1000.
Spreads And Commissions
IST Markets Offers A Variety Of Account Types With Different Spreads And Commissions. Spreads For Classic Accounts Start At 1.8 Pips And No Commissions. Premium Accounts Have Spreads Of 1.2 Pips And No Commissions. VIP Accounts Have The Lowest Spreads, Starting At 0.2 Pips, But Come With A $3.50 Rebate Per Lot. Islamic Accounts Have Spreads As Low As 0.0 Pips And No Commissions, Catering To Clients Who Have Religious Restrictions On Interest-based Trading.
Fees
IST Markets Charges A Fee On Inactive Accounts, Charging Them A Fee Of 10% Or F Per Month Of Account Balance. The Minimum Fee Is EUR 25, Or Equivalent In The Currency Of The Trading Account, And The Maximum Fee Is EUR 49.90 Until The Account Balance Reaches EUR 0. These Fees Cover The Maintenance And Management Fees Of Inactive Accounts.
Trading Platform
MetaTrader 5 Trading Platform: IST Markets Offers The Mt5 Platform For PC, Mac, Android, Laptop And Web. It Offers More Than 38 Pre-installed Technical Indicators, 44 Analytical Charting Tools, 3 Chart Types, 21 Timeframes, Other Pending Order Types, Detachable Charts, One-click Trading, Trailing Stops And More. The Platform Is Available For Windows And Mac And The Default Account Is Set To "netting".
MetaTrader 5 Mobile App: IST Markets Offers Mt5 Mobile For Ios And Android, Offering 3 Chart Types, 9 Timeframes, 30 Technical Indicators, Customizable Chart Layouts, Market News Feeds And Custom Push Notifications. It Allows Traders To Manage Their Accounts And Trade Anytime, Anywhere.
MT5 Web Trading Platform: IST Markets Offers The Cloud-based Metaquotes WebTrader Platform, Accessible Via Any Web Browser On Windows, MacOS Or Linux. It Offers 30 Indicators, 24 Technical Analysis Tools, 9 Timeframes And One-click Trading, Similar To The Desktop Version Of Mt5.
PAMM (Percentage Allocation Management Module): IST Markets Offers PAMM Services Where Investors Can Transfer Funds To Experienced PAMM Managers. Managers Earn Profits With Investors, Providing Additional Protection For Their Capital. Investors Can Choose From Multiple PAMM Managers And Diversify Their Portfolios.
IST Markets Mobile App: This IST Markets Mobile App Is User-friendly And Allows Traders To Trade And Manage Trades Anytime, Anywhere. It Offers Real-time Quotes, Interactive Charts, Account Management, Deposit/withdrawal Functionality, KYC Verification And 24/7 Cryptocurrency Pair Trading, Including Popular Cryptocurrencies Such As Bitcoin, Ethereum, Litecoin And Ripple. The App Is Available On The App Store And Play Store.
Customer Support
IST Markets Offers 24/7 Customer Support Through Various Contact Channels. You Can Reach Them By Calling + 971 4529 4233 Or By Sending An Email To Support@istmarkets.com. They Have Physical Offices In Mauritius, Saint Vincent And The Grenadines, And Dubai, United Arab Emirates, Providing Multiple Points Of Contact. In Addition, IST Markets Offers A Contact Form On Its Website For Enquiries And Promises To Respond Within 24 Hours.
