Athens Market is a relatively new broker in the online trading landscape, established in 2021 and headquartered in Athens, Greece. Designed to cater to both beginner and experienced traders, Athens Market offers a comprehensive range of trading services, resources, and opportunities. In this review, we will explore the various aspects of Athens Market, including its offerings, trading conditions, customer support, and more.
Company Overview
Athens Market operates under the regulations of CySEC and FCA, providing a degree of confidence and security for its clients. This broker has made a strong entry into the market by focusing on transparency and user satisfaction, boasting 24/7 customer service available in both English and Greek. With multiple offices across Europe, Athens Market aims to serve a broad clientele.
Trading Platforms
Traders at Athens Market can choose between popular platforms such as MetaTrader 4 and the innovative WebTrader. These platforms are equipped with advanced tools, real-time data, and customizable interfaces that enhance the trading experience. The broker also allows automated trading through EAs (Expert Advisors), making it a solid choice for algorithmic traders.
Account Types & Minimum Deposit
Athens Market offers three main account types: Standard, Pro, and Islamic accounts. The minimum deposit required to start trading is just 100 euros. This low entry barrier makes it accessible for new investors looking to dip their toes into the trading world.
Trading Conditions
The broker offers a maximum leverage of 1:500, allowing traders to maximize their capital. The minimum trade size is set at 0.01 lots, providing excellent flexibility for those who prefer micro trading. With spreads starting as low as 0.1 pips, Athens Market stands out when it comes to competitive trading conditions.
Asset Variety
Clients can trade a wide array of assets, including a selection of currencies, cryptocurrencies, commodities, and CFDs. Popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin are available, catering to the growing interest in crypto trading.
Deposits and Withdrawals
Athens Market offers various deposit methods including credit cards, bank transfers, and eWallets, with quick processing times. Withdrawals are also hassle-free, particularly via bank transfers. There are no withdrawal fees for bank transfers, although credit card withdrawals may have associated fees.
Promotions and Bonuses
The broker offers an enticing bonus of up to 30% on deposits, which can enhance trading capital significantly. Always ensure to check the terms and conditions associated with such bonuses.
Educational Resources
Athens Market provides various educational materials, including webinars, eBooks, and in-depth market analysis. These resources are beneficial for traders looking to enhance their knowledge and skills.
Pros and Cons
| Pros | Cons |
|---|---|
| Regulated by CySEC and FCA | 75% of retail investors incur losses |
| Competitive spreads and low minimum deposit | Inactivity fee after 6 months |
| Diverse range of trading assets | Withdrawal fees for certain methods |
| Excellent customer support | No mobile app available |
Final Verdict
In summary, Athens Market positions itself as a reliable broker for traders in 2023. With a good regulatory framework, diverse account options, competitive trading conditions, and a wealth of educational resources, it attracts both novice and experienced traders alike. While it’s crucial to consider the risk elements, particularly with the percentage of retail investor losses, Athens Market generally proves to be a solid choice in today’s trading landscape.
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