• Wed. Jun 12th, 2024

Market Haven Review – Is Markethaven.com Scam or a Legit Crypto Broker?

Phillip Bryant

ByPhillip Bryant

Sep 7, 2023
Market Haven Broker Rating
Conclusion
Discover the truth about Market Haven: Is it a reliable cryptocurrency broker or just another scam? Read our comprehensive Market Haven review to find out.
Trading Platform
Trading Signals
Customer Service
Ease of Use
Overall Broker Safety
4.4

Market Haven Review

Market Haven logo

Everyone is talking about cryptocurrencies these days. While there are many other tradeable assets that can be found in the market, cryptocurrencies have generated a lot of hype due to the peak achieved by Bitcoin and others in 2017. There has been a lot of talk about the profits investors made and the uncertainty surrounding this digital currency is now clearing up. This is definitely a positive sign and it has prompted more people to take an interest in cryptocurrencies. The number of cryptocurrencies has doubled in the last few years, which means there are plenty of options to explore.

If you are looking for such a broker, Market Haven does the job right. One thing to note about markethaven.com broker is that even though it is authorized to offer commodities, stocks, indices and forex currencies, the broker has chosen to specialize in cryptocurrencies. It is aware they are a popular trend and has ensured that traders can find everything they need for trading cryptocurrencies profitably.

Market Haven website

Overview of Market Haven Services

This broker has been operating in the market for many years, which has allowed it to garner experience in the industry thereby customizing offerings to help traders in the best possible way. Moving on, Market Haven is authorized to offer CFD trading. This is referred to as Contracts for Difference, which is a popular form of trading because it limits the risk of traders significantly.

In this form of trading, you don’t have to actually purchase the asset in question, but buy and sell contracts of the specific cryptocurrency you wish to trade. Since it wishes to cater to an international market, it has set up its offices in Dominica, Wenlock (London) and now Cyprus as well.

Again, this is highly reassuring for traders because this indicates that the broker is dedicated to maintain its reputation in the world of cryptocurrency trading. There are different aspects of the broker that have appealed to global traders and you can also take advantage of them.

Some of the top ones are highlighted below:

A Comprehensive Trading Platform

If you ever get a chance to ask experienced traders about their experience with the broker, the feature they will talk about the most is the trading platform. It is the software that’s used for conducting trades and gives you access to tools that can be used during the process.

The fact is that even the best trading conditions will make not make a difference if the platform doesn’t have essential tools or lags in performance. These are some common complaints that traders make about a broker’s trading platform.

Market Haven has made a lot of effort to ensure that their customers don’t have the same issues. This broker has developed a web-based trading platform for the convenience of its traders.

The web-based Market Haven trading platform is a better alternative than desktop or mobile trading platforms. With a web-based platform, the compatibility issues are automatically eliminated.

Moreover, you don’t enjoy the same flexibility if you are using a desktop-based platform. Such trading platforms can only be used on the devices they are downloaded, which means you cannot trade on the go.

They take up a lot of space and can also have performance issues if the device is not working properly. Apart from that, you also have to update them constantly to ensure there are no security vulnerabilities.

All these hassles are eradicated when you opt for markethaven.com trading platform. It can be accessed via the browser, which means it gives you the benefits of a mobile trading platform as well.

You can simply access it through your smartphone’s browser, which enables you to trade regardless of your location. There are no delays in performance, execution is quick and smooth, and there is no need to make any downloads.

Plus, the maintenance is the responsibility of Market Haven, and you only need to focus on using the platform. It is better than a mobile option as well because in mobile trading platforms, features have to be reduced to give optimal performance, which can be a downside.

Also, some brokers only offer platforms for iOS or only for Android, and this can create issues if you have a different device. With Market Haven’s web-based trading platform, you can enjoy fast and quick trading.

The user interface is responsive, and even beginners have no issues in mastering the trading platform. All trades are reflected in real-time and you can enjoy some of the best charting tools and price indicators to help you make solid trading decisions.

Trading The Top Cryptocurrencies

Many brokers are still offering only a limited number of cryptocurrencies to their traders. Therefore, Market Haven’s offerings are extremely appealing to traders because the broker has given its customers the opportunity of trading a variety of cryptocurrencies from its platform.

Instead of offering only a few options, such as Bitcoin, Ethereum and Litecoin, Market Haven has expanded its asset index to a huge extent. When you sign up with the broker, you can trade Bitcoin Cash, Ripple, Digital Cash (also known as DASH) and Ripple.

The greater variety means that you will be able to diversify your portfolio significantly, which can reduce the risks to a huge extent. It also allows you to maximize your returns because you can benefit from the fluctuations in the price of different cryptocurrencies.

Different Account Options

It is true that every broker offers you different account types to choose from, but the problem is that their options are very restricted. Therefore, it can be difficult for traders to choose an account option that can meet their needs.

Usually, they fall in between two account types and this can cause a lot of confusion. Most traders often end up making the wrong choice and have to deal with a lot of problems during trading.

Understanding this dilemma, Market Haven has customized their account options to suit a wide array of traders. The account options that you will find on Market Haven are Litecoin, Ethereum, Bitcoin, Pro Bitcoin, VIP Bitcoin and Rockefeller.

Litecoin: This is the first account option that you will find when you are thinking of signing up at Market Haven. As the name indicates, this account option is best suited for traders who are just exploring the market for the first time. The deposit requirement for this account starts from $250 and you can get the most basic features with it. It will give you access to 24/7 customer service, the trading academy that has been set up by Market Haven and professional chart as well.

Ethereum: You have to deposit at least $10,000 to get started. This option also gives you access to a personal analyst who can assist you in making smart investment decisions. You can get an introductory private session and can also enjoy weekly financial research as well as market reviews that can help you make profitable decisions.

Bitcoin: The third account type that you will find at Market Haven is known as the Bitcoin account. It can be opened with a deposit of $25,000 and allows you to have monthly private sessions with an analyst. Again, this can make a big difference because it helps you understand what decisions would be better for your deadline.

Pro Bitcoin: This one has been aimed at experienced traders who know what they are doing and are certainly not new to the market. They can enjoy the features of the above-mentioned accounts in this one. The deposit requirement starts with $50,000 This account comes with a smart money management plan as well, which is a bonus because it helps in maximizing returns as much as possible.

VIP Bitcoin: It can be opened with a deposit of $100,000 and gives traders a direct line to the account analyst. It has been designed specifically for professional traders.

You can check out the different account options available when you wish to sign up on Market Haven and choose an account that’s comfortable for you.

Market Haven account types

Flexible Trading Conditions

The primary goal for any trader is to make as much money as possible. When you are searching for an online broker, it is essential to see how much money you can make by choosing them.

There are some brokers that are more focused on making money for themselves and this creates a conflict of interest. This can make it difficult for traders to achieve their financial goals. How do they do it?

They imposed heavy fees on withdrawals and other trading charges like account inactivity fee, maintenance fee etc. They also charge commissions on trade executions, which can eat into your profits significantly.

Also, they provide limited leverage for trading cryptocurrencies so it doesn’t help in earning more profits. Luckily, these are some issues that you don’t have to deal with when you choose Market Haven.

This is due to the fact that the broker is renowned for offering some of the most flexible trading conditions in the market. First, the broker is completely transparent about its pricing policies and has also ensured they are fair to the traders and don’t take undue advantage of them.

They do not have any inactivity fee or any other such hidden charges to surprise you later on. They do have a withdrawal fee applicable, but it is of a very small amount and is only charged because of crypto transactions.

There are zero fees that you have to pay for making deposits in your account with Market Haven. However, the most notable thing about the broker is that they don’t charge any commission on your trades.

But, then, how do they make their profits? The commission scheme can often by very costly for traders and a major turn-off. Knowing this, Market Haven has chosen to use spreads to make their money.

This refers to the difference you will notice in the buy and sell price of a cryptocurrency. Market Haven charges money through spreads and it offers the tightest spreads, which means you have to pay only a small sum of money in trading costs.

This enables you to take most of your profits home instead of paying a significant amount in trading costs. As opposed to other trading instruments, this may not seem like much because leverage can go as high as 1:200.

Smooth Deposits And Withdrawal Process

One of the biggest complaints that traders make during trading is the hassle they have to deal with when it comes to deposits and withdrawals. The trading world, especially cryptocurrency, is a very sensitive one.

Trends change in a matter of seconds, and even a slight movement can have a big impact on your bottom line. Therefore, you don’t want to wait long for entering or closing trades, but what if you run out of funds?

Market Haven broker has made sure that both deposits and withdrawals are smooth via their platform. There are several methods provided to traders for their convenience.

You can stick with the traditional option of bank wire transfers if you are concerned about security. But, it should be understood that wire transfer deposits.

If you are looking for instant deposits, you can opt for the debit or credit card option. Both Visa and MasterCard are supported on the platform. Apart from that, Market Haven has also added the option of using e-wallets as they are very easy to use and quick as well.

You can opt for Neteller, Paysafe, WebMoney, Qiwi and more and deposits will be made instantly. There are no charges on making a deposit. The same methods are also available for withdrawal.

There is a withdrawal fee applicable, which varies according to the payment method you are using. In addition, the time taken for withdrawal also depends on the method you choose. Bank transfers take the longest whereas debit and credit card are faster, but they may be costlier.

Earning Via Referrals

One of the most appealing features of Market Haven broker is that it doesn’t just let you earn through trading. Sure, you can buy and sell cryptocurrencies to earn profits, but there are other ways to earn on Market Haven.

They have a referral program that allows traders to earn money just by recommending people to sign up with the broker. When your referrals deposit a sum of $2,000 or more, you will earn a commission of $200.

You can accumulate the funds by referring your friends and family members to Market Haven.

Market Haven referral

Extensive Educational Material

The cryptocurrency industry is relatively a new one for many traders. It has only been around for a decade and things are still changing and evolving. This means that there are plenty of things that traders have to learn, especially when they are just getting started.

While it is true that you can find plenty of information on the internet, the accuracy of this information cannot be determined. Not every piece of information may be based on facts and if you use it for making decisions, you could end up making the wrong ones.

In order to assist its customers, Market Haven has developed a trading academy on its website. As the name indicates, the purpose of this academy is to help people learn and the ins and outs of cryptocurrency trading.

You will find material in the form of detailed e-books, thorough online video tutorials as well as webinars by professionals. The purpose is to help you understand the basics and develop appropriate strategies to trade cryptocurrencies profitably.

You can choose what trading course you wish to take and it will help you learn a lot.

Getting Help When You Need It

When you sign up with a broker for the first time, you may have tons of questions and concerns. These could be about opening an account, making deposits or any other issues.

No matter what it is, you want to get answers right away in order to continue the process. This is where customer support comes in. Market Haven is fully aware of the role customer care can play in the experience of a trader due to which they have made a great deal of effort in providing appropriate options.

You can get in touch with them through several channels, such as online contact form, phone and via email. You can choose any option you are comfortable with Market Haven will provide you with the necessary help 24 hours a day.

They have a team of capable and professional people who have years of experience under their belt and allow you to benefit from it. In addition, the broker has also offered an FAQ section where traders can find answers to common questions.

They don’t need to contact customer support and can easily get solutions. When you put all these together, you can see why Market Haven has become the top choice of traders worldwide.

They have also worked on the security and safety of their trading platform and website and assure the complete privacy of their customers to help them in participating in the cryptocurrency mania with complete peace of mind and a great deal of flexibility.

Market Haven customer support help

Final Thoughts

This broker has been developed for all kinds of traders, whether they are just starting in the market or have been trading for a few years. This markethaven.com review suggests that the trading platform provides all its users with the necessary tools for them to succeed.

Phillip Bryant

Phillip Bryant

Phillip Bryant, an esteemed writer in the financial field, imparts his extensive knowledge of currency markets to the readers of Main Crypto News. With a wealth of experience in international finance and a keen sense of market trends, Bryant offers timely and perceptive analysis of foreign exchange, keeping readers well-informed.

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