Review OnlineMarketShare

Headquarters in Dominica

Quick Look

OnlineMarketShare is a recently launched online financial services provider with its headquarters on the Commonwealth of Dominica. A fully owned and operated brand of Share Tech Ltd. the broker is one that has put its efforts into providing an excellent trading portal for its clients. It is clear from the website design that the firm has taken every effort to present a professional and trustworthy experience for its clients.

The initial look at the website shows a clean design that makes it easy for prospective clients to find whatever information they need regarding the broker and its operations. It’s clear that each client is treated with care and professionalism and the reviews on OnlineMarketShare confirm this is the case. You can tell that the firm is always serious about lifting their reputation by providing world-class service. Continue to learn more about this unique broker.

T1Markets Pros and Cons

Pros

  • Up to 1:300 leverage available
  • Small minimum deposit of $250
  • MetaTrader 4 as the trading platform

Cons

  • No regulation
  • Spreads are wide at lower account tiers
  • U.S. individuals not accepted as clients

Broker Regulation

OnlineMarketShare is not regulated, and in fact there is no regulator available in the Commonwealth of Dominica. Yet this has not stopped the firm from building a solid reputation among the trading community as a trustworthy broker. Instead of falling back on a third-party, which really guarantees nothing for traders, OnlineMarketShare has put itself forward as an upstanding broker willing to do whatever is necessary to show its clients how much it cares about their successes. This seems far better than simply trusting a broker because you think there’s a third party watching over their actions and ensuring they are doing the right thing. OnlineMarketShare is doing the right thing not because they are compelled by a regulator, but simply because it is the right thing to do.

Account types

At OnlineMarketShare there are four different account tiers, but unlike many other brokers where each tier gives special privileges OnlineMarketShare has chosen to provide all its clients with all its services, no matter how small or large their deposit. The only thing that really changes with each successive tier is the minimum deposit required and the spreads for the trader. Higher tiers have higher deposit requirements, but also smaller spreads, as you will see below.

In looking at the tiers here is what every trader can expect:

  • MetaTrader 4 platform
  • Mobile trading
  • Personal account manager
  • No-swap Islamic accounts
  • Minimum trade size of 0.01 lots
  • Scalping allowed
  • 1:300 leverage
  • Fast, reliable STP execution
  • No requites

And here are the differences between the different tiers:

OnlineMarketShare Account types

BRONZE

  • Minimum deposit: $250
  • Spreads from 2.8 pips

SILVER

  • Minimum deposit: $2000
  • Spreads from 2.5 pips
  • Expert Advisors

GOLD

  • Minimum deposit: $10000
  • Spreads from 1.5 pips

PLATINUM

  • Minimum deposit: $50000
  • Spreads from 0.1 pips

Trading Platforms

The trading platform used by the clients at OnlineMarketShare is the world-class MetaTrader 4 platform from MetaQuotes. It should come as no surprise that they have chosen this platform, which is one of the most popular charting and analysis applications ever created for traders. We are certain that anyone with any experience in trading has heard of MetaTrader 4 and has probably used the program at some time in the past. And if you’ve used it you know how truly powerful it is for technical analysis and forecasting.

MetaTrader 4 comes with dozens of tools and indicators built-in and can be customized to include any indicator you can think of. It is also capable of conducting autotrading using the custom scripted Expert Advisors. Furthermore, users are also able to download additional custom add-ons or subscribe to live signals for an additional cost.

MetaTrader 4 at OnlineMarketShare is available in the desktop version but is also available as a mobile app for either Android or iOS devices, or as a web-based application that works in any web browser with an internet connection.

OnlineMarketShare Trading Platforms

Available Assets

OnlineMarketShare is not known for having the most available assets, but it does have a very solid selection of the most popular assets, including over 50 different currency pairs, as well as individual shares like Apple and Tesla.

At OnlineMarketShare the following asset classes are available:

  • Currency Pairs
  • Commodities
  • Metals
  • Energies
  • Individual Shares

Partner Program

If you want to try your hand at being an independent affiliate and profit when others join OnlineMarketShare as a client, you can do this through the partner program offered. In this scheme OnlineMarketShare pays a commission to those who promote the broker and bring in new clients. Anyone with a web presence or social media accounts can take advantage of this scheme.

It’s actually very easy to get started. First contact support to let them know you’re interested in the partner program. They will get you signed up, including having you sign a contract with OnlineMarketShare regarding the service you’ll provide and how they will compensate you for that service. They provide all the material you’ll need for online marketing and if you’re able to send them a new client you’ll be rewarded with a commission. More new clients referred means more and larger commissions. It’s that simple.

Customer Service

OnlineMarketShare customer service team is available 24 hours a day and five days a week via telephone, email, and webform. They do not offer an online chat facility.

OnlineMarketShare Customer Service

Phone: +441758688512

Webform: Contact Us Form

Email: support@onlinemarketshare.com

In Conclusion

While OnlineMarketShare might not be perfect, for example they haven’t gained a regulator, and they have a smaller number of assets on offer compared with other online brokers, these can be attributed to the relative newness of the firm. Given the excellent services provided thus far, we can only imagine that the team at OnlineMarketShare is working hard to correct any perceived deficiencies.

The inclusion of the world-class MetaTrader 4 as the trading platform is an excellent choice, and even if there are a small number of assets to trade they are the most popular assets. We’re pretty certain no one would run out of market opportunities.

One recommendation we might make would be to move up in tiers to take advantage of the lower spreads. While the basic Bronze account offers an average 2.8 pip spread, which is ok, the Gold level cuts that nearly in half and the Platinum level almost does away with spreads with its 0.1 pip average.

Overall the service and trading conditions at OnlineMarketShare are good enough for us to recommend the broker.

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Contact us directly for further inquiries about our products and services.



 
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