Markets.com Review
Access the most popular markets through a single account. Discover CFD on Stocks, ETFs, Crypto and more.
Broker: Markets.com
Leverage: 1:30 | 1:300
Regulation: CySEC, ASIC, FCA, FSC, FSCA
Min. Deposit: 100 US$
HQ: Cyprus
Platforms: Markets.com, MT4, MT5
Found In: 2008
Website: markets.com
Markets.com Licences
Safecap Investments Limited - Regulated By CySEC(Cyprus).under license number. 092/08
Finalto Trading Limited (UK), Regulated By FCA UKunder license number. 607305
Finalto (Australia), Pty Ltd - Regulated By ASIC Australialicense No. 424008
Finalto (BVII) Limited - Regulated under FSC (BVII) license number. SIBA/L/14/1067
What is Markets.com?
Markets.com is a global brokerage firm with clients from all over the world. The firm is regulated by some of themost stringent financial authorities, including the FCA of the UK and ASIC of Australia.Markets.com also offers excellent customer service by providing support in various languages, including Arabic, French, German and Italian while the support team is available through email and live chat 24 hours 5 days a week.
Overview
Markets.com is a global CFD and forex broker founded in 2008. The Markets.com group has regulated entities in the UK, Europe, Australia, South Africa and BVI. Each entity is regulated by the relevant authority for that jurisdiction. Size and scale company allow to provide traders a more relevant offering which is based on geographical location, citizenship and residency, all per the applicable regulations.
Pros
Fast and easy account opening
Intuitive platforms
Wide range of trading tools
Offers expert financial analyses
Great tools for learning
No fee for Deposit and Withdrawal
Cons
Inactivity fee
High forex fees
Not 24/7 support
Rating of the company overall
Reliability ⭐⭐⭐⭐
Platform ⭐⭐⭐⭐
Commissions ⭐⭐⭐
Support ⭐⭐⭐⭐
Financial instruments ⭐⭐⭐⭐
RATING: 3.9
Markets.com Is it safe?
Markets.com is a trusted broker. The company is regulated in Australia by the ASIC and in the UK by the FCA.
Markets.com is it legitimate?
Markets.com is a worldwide brand and trademark owned by Safecap Investment Ltd, a Cyprus-based investment services company authorized to carry out activities by the Cyprus Securities and Exchange Commission. Finalto Limited owns Safecap Investments Limited. This subsidiary of Playtech PLC is a company that trades on the London Stock Exchange's Main Markets. It is a component of the FTSE 250 Index.
What can you do to be protected?
Simply put, broker compliance is important when they are regulated by respected authorities. Markets.com also maintains high operational standards, provides safety for its clients, and offers negative balance protection. In addition, the broker validates capital ratio and reports, and provides web security protection.
Leverage
Markets.com allows marginal trading. This means that you can trade with a multiplied amount than your initial deposit, and take on larger positions. Although this tool can give you a huge advantage, it also increases your chances of making more. However, it is important that you understand leverage and are aware of the potential risks associated with using it.
Due to changes in regulatory requirements, the majority of global broker offer lower leverage levels. You should therefore verify the condition of your residence and the applicable laws of Markets.com.
Markets.com may allow you to still leverage up to 300%1 for Forex major instruments.
Maximum leverage is dependent on the entity and regulation. 1:30 FSC/ASIC 1;300 BVI FSC
Types of accounts
Markets.com provides one account type and a demo account. These accounts are designed to give you the best trading performance based on your trading abilities. Opening an account is seamless with variety services based on your trading experience.
Instruments
Access to more than 2,200 trading assets. including shares, indices, currencies, *cryptocurrencies, commodity CFDs with 0 commission and leverage ratios of up to 1:300 as we found through Markets.com review.
Markets.com platform offers a variety of trading instruments, including both traditional offerings from brokers and some that are unique. Shares trading through Markets.com offers many benefits, including zero commission and access to over 12 major markets.
Forex trading including major and minor currency pairs over 60, while paying only spread without any commission. While EUR/USD spreads are popular, the spread for GBP/USD is approximately 0.7 pip.
This broker also offers crypto trading. You can trade 25 crypto assets on Markets.com, including Ripple, Ethereum, and Bitcoin. UK residents cannot trade Crypto CFDs.
Markets.com also added Blends to its offerings. These are baskets of shares combined to reflect a common theme as one product. They were chosen based upon Market Capitalization, Trading Volatility, Liquidity, and Price Volatility.
Retail clients in the UK are not eligible for *Crypto Forex CFDs
Fees
Markets.com's trading costs are included in the floating spread if trades are made via Markets.com trading platform. This spread is very competitive compared with other brokers' spreads. You will receive 0 commission on your first three months of share trading. After that, you will be charged a low percentage commission.
Spreads
For your information and reference, see below the standard Markets.com spreads.
SWAP fees
If you open a position for more than one day, the overnight charge will be charged.
Deposits and Withdrawals
You can request withdrawals or deposits through your personal account. This is also possible through the Mobile App.
Deposit Options
Direct deposits can be made using a variety of payment options, including credit/debit cards.
Visa, Mastercard
Wire transfer, wire transfers in local currency
You can also use e-wallets PayPal and Skrill as well as Neteller, Neteller, and additional Sofort, Giropay or iDeal
Minimum Deposit
Markets.com requires a minimum deposit of 100$ to open an account. This allows traders and beginners alike to easily open accounts. However, you should verify the requirements based on your location and the account that you are opening.
Markets.com Minimum Deposit vs Other Brokers
Withdrawals
Transactions for withdrawals are usually processed quickly and without any charge. However, some banks may charge transaction fees. What are the minimum withdrawal amounts and withdrawal times?
Credit/Debit Card: Minimum - $10. Timeframe: 2-7 business days
Wire Transfer: Minimum $100 and EUR20 within the EU Time frame - 2-5 business days
Skrill/Neteller: Minimum - $5. Timeframe - Maximum 24 hours
Trade Platforms
Markets.com built a trading platform that is focused on clients' trading and investment needs. In particular, the Markets.com trading platform offers many benefits such as access to a wide range of fundamental, technical and sentiment-based trading tools as well as expert analysis. Additionally, traders also have the option of Share dealing with a huge range of stocks offered.
If you prefer a trusted and popular MetaTrader option, you can trade through MT4 or MT5 with the enhanced Markets.com trading capabilities.
Web Platform
Markets.com's trading software is based on Markets.com, which has been voted the best by traders and industry professionals. It can be accessed through both Web and App versions. It is easy to use and offers a range of tools that allow one to create their own trading strategy.
UK Forex Awards
Best Forex Trading Platform | UK Forex Awards
Best Trading Platform 2020 FX Scouts
Desktop Platform
The platform is interactive and responsive with just a few clicks.through Shortlisted most favourite customizable charts, educational, in depth analysis of beneficial material.
The broker offers ongoing educational webinars at different levels. Traders can use a variety of powerful trading tools and risk management tools, such as Stop Loss. This allows them to monitor developments and optimize their trading.
Customer Support
Markets.com promises support and dedicated service with the information you need. We checked those claims and found that it offers a high level of support and relevant answers.
You can reach the teams 24/5 via live chat, phone support or live chat.
Education
The platform is interactive and responsive with just a few clicks, through Shortlisted most favourite customizable charts, educational, in depth analysis of beneficial material.
The broker offers ongoing educational webinars at different levels. Traders can use a variety of powerful trading tools and risk management tools, such as Stop Loss. This allows them to monitor developments and optimize their trading.
Conclusion
The Markets.com broker is licensed and well-respected. It has a stable track record and offers attractive market approaches. You can trade multiple assets, including Cryptocurrencies. One of the greatest company benefits is their proprietary platform, which provides a reliable trading option as well as powerful technical optimization. The platform is accessible online and can be accessed via Application. The deposit required to open a trading account is just 100 dollars. New traders will also feel at home in the company. The general Markets.com offering is an attractive option.