With an increased demand for cryptocurrency trading services, Markets Pilot had started its activity since 2018 and it is now one of the best cryptocurrency brokers in the industry. Owned by Click World LTD, it provides access to crypto assets only, covering tens of different instruments at the time of writing. It had gradually built a solid reputation and continues to innovate, by providing new functionalities and new cryptocurrency instruments.
There are multiple features and tools designed to enhance the trading process and this Markets Pilot Review will try to talk about some of the most important. It is important to keep in mind this brand is only intended to reach traders that want a trading account to focus solely on cryptocurrencies.
Considering the cryptocurrency markets come with some unique challenges, Markets Pilot is not relying on any existing platform, but instead had built a proprietary one. Sirix is a trading solution designed to fit on any device (web-based, Android, iOS, and desktop versions are currently available), allowing customers to closely monitor the volatile behavior of cryptocurrencies.
As some of the most active instruments in the world, cryptocurrency trading comes with its own requirements and traders need to tackle the markets diligently and efficiently. With Sirix, they can use advanced charting and risk management tools to find new opportunities or keep risk under control.
At the same time, Markets Pilot offers Social Trading services, integrated into its platform. Clients will see the top ranked traders (based on their P/L and copiers) and the social stream where all the latest trading activity is updated instantly. This is a tool designed to help traders looking for professional trading ideas, or those who want to see how other traders view the market condition.
Since it is still the most popular and the biggest cryptocurrency in the world by market capitalization, Bitcoin trading continues to be trending among retail traders. With Markets Pilot, traders will get to trade BTC against fiat currencies (EUR or USD) and against the popular stablecoin – Tether (USDT). At the same time, there are other instruments like BTCETH or BTCXMR, that provide an opportunity to trade Bitcoin against two of the popular altcoins.
Depending on the account type chosen, Markets Pilot clients can use up to 1:500 leverage, benefit from an account manager, or get access to a wide range of educational resources (live webinars, expert adviser, weekly reports, in-depth research, portfolio construction, automated strategies, and many others).
There are multiple cryptocurrency instruments related to the second-largest crypto as well – Ether. Traders can trade ETH against EUR, USD, or benefit from crypto-to-crypto pairs such as ETHBTC, ETHUSDT, and ETHXMR. Since it is also a liquid cryptocurrency, spreads at Markets Pilot are tight for ETH instruments, which means clients will get to trade with competitive trading costs.
Other Coins Available with Markets Pilot
One of the key aspects to note about Markets Pilot has to do with the broad coverage of cryptocurrency instruments. At present, there are over 90 different crypto assets available on the platform, meaning traders will be able to diversify their holdings and spot opportunities on a wide range of tokens.
Most of the other brokers offering cryptocurrency trading services don’t cover as many tokens as Markets Pilot. In this case, clients can trade on AMP, ARDR, CLAM, DGB, EOS, ETC, FLO, GNT, LTC, PPC, and tens of other altcoins, against BTC, ETH, or XMR. They need to take into account, however, that due to lower liquidity, spread might be wider. Still Markets Pilot stands out meaningfully against its competitor thanks to its rich asset list.
Pros and Cons
1) Markets Pilot has a broad coverage for cryptocurrency instruments.
2) A proprietary platform (Sirix) designed to meet the challenges of the cryptocurrency market.
3) Plenty of educational resources and trading tools, depending on the account type chosen.
4) Some traders might find that the features for a student account are limited.
5) The average wait time for a withdrawal approval is 7-15 business days.
To summarize, Markets Pilot is a one-stop trading place for any asset in the world of cryptocurrencies. With this broker, traders can start and trade a broad selection of crypto assets, benefiting from a proprietary platform engineered to be an accessible and safe gateway. Highly efficient technology is one of the key weapons at Markets Pilot, who takes pride in giving access to innovative trading features and tools designed for the cryptocurrency market.
Considering this is a market still in its early stages, volatility and the low reliability of the traditional exchange platforms are pushing traders towards trading platforms such as Markets Pilot. In this way, they can trade bullish or bearish conditions and use all the tools offered by the broker.