Markets.com Review

Markets.com is a globally recognized Forex brokerage firm that is owned and managed by Safecap Investment Ltd., a regulated investment firm. The parent holding company, Playtech PLC is listed on the London Stock Exchange and trades under the stock symbol “PTEC”. Markets.com is a leading broker in the Forex and CFD trading space offering low minimum deposits, competitive spreads and speedy execution.

Traders have the choice of fixed or variable spreads and can trade a wide range of financial instruments including most currency pairs, CFDs, stock indices, individual stocks, ETFs, and more. Markets.com offers several trading platforms including the popular Metatrader platform and their excellent customer support is available in over 20 different languages.

Regulation

Markets.com is regulated by (CySEC) Cyprus Securities and Exchange Commission and the (FSB) Financial Service Board in South Africa. Their license number is 092/08 as authorized by CySEC and license number 43906 as authorized by FSB.

They also have authority to do business in the European Union territories under (MiFID) Market in Financial Instruments Directive. Markets.com must maintain very high standards and abide by strict code of conduct as required by these regulatory bodies.

Safety

Markets.com meets and exceeds industry standards for ensuring safety of customer funds. All client funds are placed in segregated accounts as required by regulatory laws. Markets.com clients are covered under CySEC’s investor compensation fund, which protects a client account upto EUR 20,000. In addition, they must comply with strict regulatory requirements such as maintaining a certain capital base and provide regular reporting to both CySEC and FSB.

As for safeguarding customers’ data, Markets.com has built a strong infrastructure to ensure a secure trading environment with SSL encryption for all data transmission. Their servers are housed at highly secure SAS  70 certified data centers.  In addition, they only work with PCI compliment payment processors.

Trading Platforms

Markets.com offer several trading platforms to choose from based on the trader’s preferences and requirements.  There is the well-known Metatrader, platform, and also their proprietary Markets Webtrader platform along with the Sirix Webtrader platform.

Metatrader – The widely popular industry standard that many traders have become familiar with. The platform offers a wide range of charting options, tools, and indicators.  Automated trading capability is also available with the use of Expert Advisors. It is a customizable platform that can meet the demands of most traders.

Markets Webtrader – Markets.com proprietary browser based trading platform that is extremely user friendly. You can get access to advanced charting tools and analysis within the easy to navigate interface. A wide range of instruments are available to trade directly within the platform including 55 currency pairs, and over 2000 CFDs.  The platform has a unique feature called Trading Cubes that allow traders to view and analyze multiple instruments quickly and efficiently.

Sirix Webtrader – This is a social trading platform which allows traders to copy trades from other traders within the community. You can view other trader’s profiles and validate their trading history and success over time. You can evaluate key trading metrics to align yourself with traders that meet your risk and money management criteria. The simple, but powerful interface is great for novice traders seeking to learn and copy trades from more experienced traders.

Trading Instruments

Markets.com offers a wide range of trading products. There are over 55 currency pairs to choose from, and over 2000 CFDs from 12 major markets on a broad range of instruments including stock indices, individual stocks, bonds, precious metals, energies, commodities, and cryptocurrencies. As a true multi-asset broker, Markets.com allows its traders global access to most major markets.

Account Types

Markets.com offers three main account types. This include a Demo account for traders looking to test drive the trading platform, a Standard Live Account, and a Swap Free account which operates for those that require interest free trading for religious reasons.

The minimum deposit for a Live Account is $ 100 and offers 300:1 leverage. You can deposit funds with your choice of six different currencies using  a credit card, online payment processor, or via bank wire transfer. All client accounts at Markets.com enjoy 24 hour customer support, daily market analysis, and educational webinars.

Learn more about opening an account with Markets.com – Go Here

Commissions and Spreads

Markets.com offers both fixed and variable spreads and all trades are commission free. A typical EURUSD spread is around 2 pips. Spreads tend to be tighter on Markets.com proprietary platform Webtrader in comparison to the spreads on the MT4 and Sirix platforms.

Customer Support

With quick response times and a professional staff, customer service is considered to be top notch at Markets.com. The customer support team at Markets.com is available 24 hours a day, 5 days a week, Monday – Friday via Phone, Live Chat and Email.

They offer multi-lingual support services that is available in over 20 different languages including but not limited to German, Italian, Spanish, French, Arabic, Russian, and Dutch. In addition, traders can find answers to their questions by going to the Markets.com website which is also translated in 15 major languages.

Bonus and Promotions

Markets.com offers a $ 25 Welcome Bonus for registering a Real Account. No Deposit is required to receive this reward.

To receive the free $ 25 Award, a trader must do the following:

1) Sign up for an Account

2) Complete the registration information

3) Upon completion, $ 25 will be added to your account that you can use to start trading right away.

Click Here for more details on Markets.com Bonus and Promotions.

Mobile Trading

Markets.com makes available two powerful mobile apps to account holders. The first is the MT4 mobile app for Metatrader and the other is Markets.com own proprietary mobile app that syncs with the Web Trader platform.

Both apps are compatible with iOS and Android devices. Many features available on the desktop version are also accessible from the mobile apps. Traders can view exchange rate data, open and close positions, set market alerts, and manage other aspects of their trading account.

Automated Trading

The Sirix WebTrader platform is a browser based platform that works with PC and Mac operating systems, and is also compatible for mobile devices. It has many social trading features which enables traders to track the trading progress of other traders and directly copy trades into their own accounts.

You can check various metrics of other traders and trade alongside them using this platform. Sirix Webtrader is easy to use and is quite useful to newer traders who are looking to follow and learn from more experienced traders in the community.

Deposits and Withdrawals

The minimum deposit to open an account with Markets.com is $ 100. You can fund the account in a myriad of ways including bank wire transfer, major credit cards, third party payment processors such as PayPal, Skrill, Neteller, and WebMoney.

Withdrawals requests can be made by going to the account dashboard and clicking the withdrawal tab. Withdrawals are typically processed within 2-3 days.  Markets.com is committed to a zero fee policy when it comes to making deposits or withdrawals. 

Unique Features

There are several unique features with Markets.com that you can make use of as a client. Markets.com has a powerful trend analysis and sentiment tool called Trader Trends. Trader Trends enables traders to evaluate the latest trends and gain insight into what other traders are doing. 

There is also a tool called Events & Trades. With this feature, traders can get in- depth information and analysis from top analysts surrounding upcoming news events that can affect the markets. In addition, Markets.com offers the Autochartist trading tool, which is a very popular chart pattern recognition software.

For traders who enjoy the social trading component, Markets.com offers the Sirix Webtrader platform, where traders can follow and copy trades from other traders in the community. This is especially useful for beginning traders who are looking to follow and copy trades of more experienced traders within the network. Finally, for those with higher account deposits, Markets.com also offers SMS news service, and trade signal alerts via the Trading Central FX Signals service.

Pros and Cons

Pros – Reasons to trade with Markets.com

  • Well Capitalized, Reputable Broker
  • Wide Range of Trading Instruments
  • $ 25 No Deposit Bonus on Registration
  • $ 100 Account Opening Minimum
  • Multiple Trading Platforms
  • Social Trading Available
  • Multi-Lingual Customer Support
  • Over 55 Currency Pairs Available
  • Variety of Proprietary Trading Tools 

Cons – Some downsides with Markets.com

  • No Phone Support on Weekends
  • Website is Hard to Navigate

FAQs

Is Markets.com a regulated broker?

Yes, Markets.com is regulated by CySEC and FSB.

How safe is Markets.com?

Markets.com has been in business for almost 10 years and has a solid reputation in the business. Traders at Markets.com can rest assured that their funds are held safely in segregated accounts at Tier 1 banks.

What trading platforms does Markets.com offer?

Markets.com offers two main trading platforms – Metatrader 4, and their proprietary Markets Webtrader platform.

What Trading Instruments are available at Markets.com?

You can trade over 55 currency pairs, and 2000 CFDs from 12 major markets on a broad range of asset classes including Stock Indices, individual stocks, precious metals and energies, major commodities, and cryptocurrencies.

What is the Commission / Spread structure at Markets.com?

Markets.com offers both fixed and variable spreads and all trades are commission free.

How many account types does Markets.com have?

You can choose a Demo account or Live Account. For Live Accounts, there are 2 primary account types – The Standard account, and the Swap Free account. The minimum deposit for a Live account is $ 100.

How is customer support at Markets.com ?

Customer support is available 24/5 via phone, live chat and email. Markets.com offers multi lingual support.

What bonus does Markets.com offer?

Markets.com offers a $ 25 Welcome Bonus for registering a Live Account. No Deposit is required to receive this reward.

Does Markets.com offer Mobile trading?

Yes, Mobile trading is available via the Metatrader 4 app, and Webtrader app.

What options are there for Automated trading at Markets.com?

The Sirix WebTrader platform enables clients to track and copy trades from other traders within the community.

What are some unique features at Markets.com?

Markets.com offers a powerful trend and sentiment tool called Trader Trends. In addition, Markets.com offers Events & Trades analysis for upcoming news events, and also offers the Sirix Webtrader platform which enables social trading. 

What’s the minimum deposit to open a Live account at Markets.com?

The minimum deposit to open a Live account is $ 100.

What is Markets.com’s max leverage?

Max leverage at Markets.com is 500:1