Markets Legion Review

General Information

Incentivized by the growing demand for cryptocurrency trading services, Markets Legion emerged in 2020 and it is now one of the most promising platforms in the industry, constantly improving its crypto coverage and its features at traders’ disposal. Trading various Bitcoin instruments as well as a wide range of Altcoins, all in one place, is still impossible in most large brokerage houses, yet Markets Legion wants to show that a viable and efficient crypto selection can be a reality in 2021. 

Customers can improve their trading skills with the innovative Social Trading service, a tool that each registered client has access to, in order to duplicate actions made by professional traders. On top of that, Markets Legion offers safe transactions, trading on the go with a flexible platform, expert guidance for all traders, and transparent trading costs. Since it manages to stand out from competitors, we would like to take a deeper look at its offer and assess whether this is a trusted crypto trading platform to work with. 

Services and Cryptocurrencies Supported

Markets Legion offers cryptocurrency trading services, which means you don’t need to buy tokens and store them in a wallet. As a result, customers buy and sell derivatives and take advantage of price movements in different environments (bullish and bearish markets). This is a suited approach when volatility is elevated, and prices move impulsively intraday. 

Even though the bull run that had started in 2020 did not push up all cryptocurrencies, there were hundreds of Altcoins that have picked up in value. Bitcoin continues to be the main headline on major media outlets since its market value floats at around $35,000 at the time of writing. 

Still, Markets Legion is aware of the high potential in many Altcoins and offers a diversified crypto asset list, covering more than 100 instruments. Registered customers can trade live or try the demo on Bitcoin, Ether, Dash, XRP, Polkadot, Bitcoin Cash ABC, Stellar, Cardano, Neo and many other Altcoins with up to 1:5 leverage and flexible spreads.

The Markets Legion Social Trading service is one of the brand’s most notable features since traders have access to a variety of trading ideas directly on Sirix, the official platform of the brand. They can copy trades made by experts with only a few clicks or use these trades as guidance for how other users are trading any given instrument. 

Payment Methods and Fees

To ensure fast and secure financial transactions, Markets Legion currently accepts payments using credit/debit cards and wire transfers. You can deposit EUR, USD, GBP, and AUD. To prevent unauthorized withdrawals from any account, there is a comprehensive Withdrawal Policy set in place, requiring all traders to pass a verification process by submitting several identification documents. 

In terms of trading costs, spreads and overnight swaps are the main consideration. An inactivity fee applies only if the account has a balance and no activity has been made for 3 consecutive months. In this case, the monthly fee is either 0.5% of the account balance or 100 USD/EUR/GBP/AUD, whichever of the two is higher. 

Customer Support

Showing that the customer is always the top priority is a key preoccupation for Markets Legion and because of that, the customer support service is very fast and professional. Once on the website, you can get in touch with a representative via live chat and get answers to your questions fast. Because the trading schedule is 24/7, the service is available even during the weekend. 

You can also use the support phone number or email address provided on marketslegion.com. There is a FAQ section where several common questions are answered in case your inquiry is general in nature. 

Geographical Restrictions

Markets Legion works with a global audience and aims to reach customers in many various countries. That is why the trading platform is available in almost 20 different languages. However, according to the information published on its website, US citizens and residents cannot enroll. Also, it is possible that people living in ‘sanctioned’ countries aren’t able to sign up for an account as well. More details can be found on the Terms & Conditions document, found on the website. 

Summary

As long as the cryptocurrency market attracts the interest of many retail traders around the world, Markets Legion is fully prepared with a very competitive cryptocurrency trading offer – and there are only a few brands able to compete with it in terms of crypto coverage. Also, it looks like the brand has an inclusive approach and wants as many people as possible to join and take advantage of crypto price movements.