8 /10
Overall Rating

OnlineMarketShare Review

Visit OnlineMarketShare

In this OnlineMarketShare broker review, we have gone through this broker’s details by analyzing its publicly available information and personal contact. In our every broker review, we do not focus on brokers’ opinions only. We applied the same standard in the OnlineMarketShare broker review. Please go through this page on how we conduct our broker reviews.

OnlineMarketShare is an MT4 based forex broker that is very new in the industry. However, the policy, execution, funds safety, and varieties in accounts make this broker trustworthy among investors.

However, before investing in any broker, you make a depth analysis of it. Is it reliable to put your money into it? Is the price shown in this broker accurate? To learn more, you can continue reading the AtoZMarkets OnlineMarketShare broker review.

Overview

Company
8 /10
Trust
7 /10
Trading Platform
8 /10
Account Types
9 /10
Costs
7 /10
Customer Support
8 /10
Regulation
7 /10

Company

8 /10

OnlineMarketShare is a broker founded on the core principle of strengthening your on-line trading endeavors. It is a new broker that was established in 2019. However, from the beginning, this broker is providing a quality service among traders. This broker is located in the Commonwealth of Dominica.

In the present world, it is challenging to find a broker that does not include any scam. However, OnlineMarketShare seems to be very good compared to the other broker. This broker does not take any mishaps from the foundation, which is a massive benefit of this broker. 

This broker provides service in three languages- English, German, Russian, and headquartered in Roseau. Traders from all around the world can trade with this broker except for some blocked countries.

Pros and Cons

Pros

  1. MT4 trading platform.
  2. 145 trading instruments.
  3. Spread and trading cost is low.

Cons

  1. Does not have MT5, or cTrader Platform

Trust

7 /10

OnlineMarketShare is based on the Commonwealth of Dominica, which is considered an average regulation for forex brokers.

On the other hand, OnlineMarketShare provides some practical trading environment, which is often more significant than the regulation. We have analyzed their execution, account types, policies, and found that this broker follows everything accordingly.

Overall, in terms of trust, this broker has a lot of room to improve. However, as a new broker, it is trying to improve its service to make it trustworthy in the coming period.

Trading Platform

8 /10

OnlineMarketShare directly introduced the MT4 trading platform, which is very famous among traders rather than using any proprietary platform and testing the service. The MT4 platform is rapid, straightforward, and resourceful that a trader can easily continue their trading activities with it.

OnlineMarketShare MT4

MT4 is a famous trading platform that has several features to attract investors. Let’s have a look at some significant parts of MT4:

  • Thirty built-in trading indicators and thousands of third party indicators.
  • Lots of free and paid expert advisors.
  • Nine different timeframes.
  • Lots of trading tools.
  • Available in windows, mac, iOS, Android, and any web based device.
  • Three different types of execution.
  • You can create your own EA from the MQL4 language.

The OnlineMarketShare MT4 is easily accessible from any device; therefore, if you don't own any personal computer or MacBook, you can still trade in the forex market.

OnlineMarketShare Trading Instruments 

As a new broker, it is often difficult for a broker to offer many trading instruments. However, this thing is done by OnlineMarketShare accurately. You can trade with more than 145 trading instruments in this broker that includes currencies, energies, metals, etc., but no cryptocurrencies. 

  • 50 currency pairs- This broker has both major and minor currency pairs, including the EURUSD, GBPUSD, USDJPY, etc.
  • Spot energies– You can trade with brent, crude oil, and natural gas options present on their website.
  • Spot metals– You can trade precious metals like silver and gold.
  • The spot shares– Without shares, a broker would be barely called functional. You can trade with the world's most famous companies like Apple, Amazon, Google, and Tesla in this broker.

Account Types

9 /10

OnlineMarketShare has four different types of accounts to cover traders from all levels. Therefore, if you are a beginner or advanced level trader, you can trade with this broker.

Bronze Account

  • Minimum deposit: $250
  • Leverage: 1:300
  • Spread: From 2.8 pips
  • Trade size: from 0,01
  • Unlimited open positions

Silver Account

  • Minimum deposit: $2000
  • Leverage: 1:300
  • Spread: From 2.5 pips
  • Trade size: from 0,01
  • Unlimited open positions

Gold Account

  • Minimum deposit: $10000
  • Leverage: 1:300
  • Spread: From 1.5 pips
  • Trade size: from 0,01
  • Unlimited open positions

Platinum Account

  • Minimum deposit: $50000
  • Leverage: 1:300
  • Spread: From 0.1 pips
  • Trade size: from 0,01
  • Unlimited open positions

Costs

7 /10

Trading cost in OnlineMarketShare is above the industry average, but the live spread and other trading costs are not available on the website.

Customer Support

8 /10

The support team of OnlineMarketShare is quite pleasant. You can contact them via phone or email ticket. There’s also a webform on their website, but that seems like it and email. It does not have any live chat option, which is very unfortunate, but you won’t need to rely on support that much anyway.

  • Phone number: +441758688512
  • Email: support@OnlineMarketShare.com

Regulation

7 /10

OnlineMarketShare is based in the Commonwealth of Dominica.

Conclusion

There are a few lacking with OnlineMarketShare; however, most of them are a new broker. Moreover, the broker is very active in doing better in the coming periods, which is one kind of guarantee or assurance about future service.

On the other hand, this broker used the MT4 trading platform, which is very useful among investors. Most of the traders in the world are familiar with the MT4 platform.

We believe that the broker will provide services that are worth trying out over many competitors. However, as the forex trading deals with the real money, you are recommended to test the broker personally before making any investment.

Reviewed By

Our Broker Review methodology

Our mission is to provide online investors with the most unbiased, comprehensive reviews and ratings of self-directed brokers. Vetted by multiple industry experts - including a financial research firm with more than 20 years of experience in broker ratings - Our Broker Ratings and Reviews embody industry best practices for research design.

See how we conduct review