OW Markets Forex broker review — Everything you need to know

OW Markets is the trading name and brand name of the broker that operates under several legal names based on its branches: One World Markets LTD, OW Markets (CY) LTD, and OW Markets L.L.C-FZ. The broker is regulated and offers several account types, diverse market access, and advanced trading app access (MT5).

Let’s briefly review all of its important features to define whether you can trust it.

OW Markets Overview of the website

The website of OW Markets looks and feels modern and professionally built. The broker offers a simplistic website design, which is actually functional and responsive. It feels snappy and lets users navigate around quickly. It is not overcrowded with unnecessary media and colors and is pleasing to the eye. Users can navigate around via the top menu bar to find all the necessary information about trading conditions. The menu is well-ordered and offers information about accounts, payments, profit withdrawals, platforms, markets, and so on.

The website is also advanced in its features, such as a live chat plugin that is directly built inside a web page, enabling quick access to support options like live chat and various other messengers. The website, as well as its support features are multilingual, available in 5 different languages.

OW Markets Safety and Licenses

OW Markets is registered in several jurisdictions. However, the broker is only regulated in one of them:

• One World Markets LTD – The Financial Services Authority (FSA) of Seychelles

Other entities act as payment gateways for the broker. The Seychelles license is an offshore license and is not as reliable as a license from reputable regulators like the FCA or others.

Despite this, the broker still has to keep trader funds in segregated bank accounts with top-tier banks to ensure investor fund protection.

According to OW Markets’ own website, they state that they offer negative balance protection, meaning your losses should be limited so you don’t owe more than what’s in your account, and positions are automatically closed before going negative. This is a critical feature for beginners and prevents them from losing more than their trading balance.

OW Markets Accounts Reviewed

The broker has a simplistic approach when it comes to trading accounts, which makes it much easier to evaluate and select the most suitable option. There are Pro, Classic, and Islamic accounts. There is also a free demo account available for beginners, which is flexible. Let’s briefly review each of these accounts to evaluate whether the broker is truly competitive in its trading conditions.

OW Markets OW Classic Account

The classic account is a standard trading account for general non-scalping activities. It offers the following trading conditions:

• Minimum deposit – 10 USD
• Maximum leverage – Up to 1:1000
• Spreads – From 1.6 pips
• Commissions – 0 USD
• Minimum lot size – 0.01 lots
• Swap fees – Eligible

OW Markets OW Pro Account

The pro account is for scalpers and traders who generally need lower spreads and will pay commission for low spreads. Here are all its important conditions:

• Minimum deposit – 500 USD
• Maximum leverage – Up to 1:500
• Spreads – From 0.0 pips
• Commissions – 8 USD round trip
• Minimum lot size – 0.01 lots
• Swap fees – Eligible

OW Markets Islamic Account

The Islamic account does not charge swap fees and is a dedicated account for traders who follow Sharia financial laws. The broker promises fast trade execution and access to diverse markets.

Overall, the broker is mediocre with its spreads and commissions. This is because the 1.6 pips is above the industry-accepted average of 1 pip on standard accounts. The 8 USD is slightly higher than the industry standard 7 USD round trip, making it a more competitive account. However, the minimum deposit requirement for a zero spread account is higher than the industry average.

Deposit and withdrawal options at OW Markets

The broker has a dedicated page on its website where users can see full details of the payments and processing times, together with fees. This is a very positive sign as the broker discloses all important information clearly.

OW Markets accepts numerous payment methods, such as wire transfer, tether (USDT), Sticpay, Visa, MasterCard, K Net, Google Pay, Apple Pay, and several other options, which are very diverse.

Deposits are processed instantly and do not require any transaction commissions, which is flexible.

Withdrawals are also mostly instantly processed (crypto payments, Sticpay, and korapay. This is super competitive and makes the broker very attractive because instant profit withdrawals are super rare in the industry. Withdrawals charge no fees as well, which is also flexible.

Overall, OW Markets has one of the best profit withdrawal conditions in the forex trading industry right now.

OW Markets Assets — What can you trade?

The broker excels in the trading asset diversity as well. It enables access to popular assets, such as forex pairs, commodities, indices, cryptos, and futures. Many of these assets are provided as CFDs, meaning that trade execution is very fast and traders can profit from both rising and falling markets. The lack of stocks is a minor downside here, but with good trading conditions and high enough leverage, OW Markets offers a very competitive trading environment for both beginners and experienced Forex traders.

Trading platforms of OW Markets

The broker continues its competitiveness in the trading platform section as well. OW Markets enables access to an advanced trading platform, MetaTrader 5 (MT5). It allows traders to employ both custom indicators and Expert Advisors (EAs), which is flexible.

Mobile trading is available via the MT5 mobile app, which is accessible on all mobile devices. There is a Web Trader web variant of MT5 offered as well, which is flexible.

Education at OW Markets

When it comes to educational content, OW Markets offers access to:

• All Analysis – Provides Expert Analysis and Market News. Periodic real-time market updates and in-depth insights.
• Daily Analysis – Daily markets video updates, media interviews, and live
• E coverage is offered here.
• Articles – Educational articles about trading assets and their strategies and specifics.
• Webinars – Free online webinars teaching essential skills and trading strategies.
• Trading Academy – Complete Structured Resources for Forex and Financial Market Trading. A comprehensive collection of free forex articles and tutorials with a step-by-step trading guide.
• Glossary – Explanation of the language of the markets for beginner forex traders.

As we can see, the broker enables beginner traders to start with zero and gain essential knowledge and basic trading skills, which is very flexible.

Together with educational content, OW Markets also provides market analysis tools, such as an economic calendar, a forex calculator, VPS, Expert Advisors (EAs), and AI Trading.

The AI Trading section provides trading signals powered by AI with instant mobile notification.

OW Markets Customer Support

The broker also offers an excellent customer service experience. There are OW Markets live chat, phone support, email, and various other messenger apps, including Telegram, Messenger, Instagram, WhatsApp, and more. This is truly attractive and flexible, as all users will find their preferred live chat choice. There is a classic live chat as well for users who prefer instant access to customer support. The existence of a phone support option is also very important and adds to the broker’s reliability.

The broker is also a multilingual forex broker as it offers its support and website in several different languages.

OW Markets bonuses and promotions

At the moment, OW Markets does not offer any bonuses or promotions. There are no deposit bonuses or welcome bonuses offered at the moment, which is a minor drawback. However, most of the other features are very competitive, and when coupled with fast profit withdrawals, OW Markets is still a competitive forex broker.

Is OW Markets your broker? Final verdict

In the end, OW Markets offers MT5 trading, diverse asset classes, and very fast (instant) profit withdrawals. Regulation is offshore in Seychelles, but features like segregated accounts and negative balance protection are provided. Trading conditions are average, but instant withdrawals and many other competitive features make the broker suitable for most forex traders.

FAQs on the OW Markets broker

Where is OW Markets based?

OW Markets operates through several legal entities, but it is mainly located in Seychelles, where it is also regulated. Other entities usually provide payments and other services.

Can you withdraw from OW Markets?

Yes, OW Markets allows withdrawals via cards, crypto, and e-wallets, with many methods processed instantly and without fees, which makes the broker super competitive.