|(4.9 / 5)||CySEC, FSCA, ASIC, FCA||2000+||Variable 0.3 Pips|
Is Markets.com considered as a recommended and trusted CFD Broker? In trading, it is very important to know the risks and what are the important things we need to remember to understand how the markets work. In this review, we will talk about the advantage of using Markets.com as a online broker. Is it worth the try? Will it pay off our effort? What type of CFD Broker is Markets.com? Let’s find it out.
What is Markets.com? – Company presented
Markets.com is a worldwide Forex and CFD trading broker that was founded in 2010. It offers more than 2000 trading assets and over 2200 markets to trade, which also promotes an advanced yet easy-to-use trading platforms. Makets.com provides a variety of selection for trading FX, CFDs, stocks, commodities, cryptocurrencies, indices, and ETFs. The brand is one of the best Forex Trading Platforms in the year 2017, which was judged by the 2017 UK Forex Awards. Already have about 5 million accounts registered with this broker due to its powerful big data and quantitative analysis tools.
It is operated by Safecap, which is owned by Playtech PLC. Playtech is part of the list on the stock exchange, which considers Markets.com as a trusted and safe broker.
Facts about Admiral Markets:
- Founded in 2010
- A global trading platform
- Regulated and authorized
- Offers fast and seamless account opening
- Offers investment with Forex and CFDs
Is Markets.com regulated? – Regulation and safety for customers
Trading online comes with a high risk. Before choosing a brand where you’ll invest, it is very significant to know if it’s authorized or regulated. This particular license can only be obtained by the brand after complying with certain aspects that are required for a broker. It is very important to inform yourself about these regulations to avoid getting scammed and losing your investments.
Markets.com is regulated by popular regulators which include CySEC (Europe), FSCA (Africa), AISC (Australia) and FCA (United Kingdom). The leverage is up to 1:30 for retail clients and 1:300 for professional clients.
Markets.com is regulated by the following:
You can read more about the regulation and legalities on the official website of Markets.com (https://www.markets.com/). You can find this information on the lower part of the webpage. Just click on ‘Regulation and Legal Pack‘ in this section.
Please see image below:
Markets.com does not use the funds of its clients for its own benefits. The funds of the clients are kept in segregated bank accounts and has negative balance protection. The brand has trusted auditors that checks thoroughly the brokers.
Besides, Markets.com has several licenses, which makes it an authorized and secured broker. The brand has a Financial Service Compensation Scheme (FSCS), which serves as the security for customer funds that is up to £85,000.
With Markets.com, Guaranteed Stop-Loss (GSL) is automatically set to the level of the initial margin used to open the position. This works similarly to the Stop-Loss Order, with the main difference being that the GSL is immune to price gapping or market volatility. The advantage of GSL with Markets.com is that you don’t risk more than your initial investment.
Summary of the regulation and financial security:
- Clients funds kept in segregated bank accounts
- Negative Balance Protection
- Electronic Verification
- Leverage up to: 1:30 for retail clients and 1:300 for professional clients (Europe)
- Leverage up to 1:300 outside Europe (international)
- FSCS Investor Compensation up to £85,000 (depending on criteria and eligibility)
- Guaranteed Stop-Loss (GSL)
Review of the trading conditions for traders
Markets.com offers seamless trading of over 2000 trading assets and over 2200 markets to trade. The brand offers advanced tools for traders, including stop-loss, take profit, entry limit, and entry stop orders. The trading platform was uniquely designed to let traders benefit from customizable charts, studies, in-depth analysis, economic calendar, and accurate trading signals.
Since that it is operated by one of the world’s fastest-growing CFD and Forex providers namely Safecap, the brand offers powerful yet user-friendly, in-house trading platforms both for web and mobile. You can trade from a variety of selection of the following: FX, CFDs, stocks, commodities, cryptocurrencies, indices, and ETFs.
There are 2 types of trading platforms with Markets.com and both of these platforms support immediate deposits, uploading documents and fast withdrawals. Clients can fully manage their accounts over mobile or web. These platforms are namely, Markets App and Markets Web Trader. Trading at Markets.com lets you benefit from zero commission, tight spreads, and leverage ratios which is up to 1:30 for retail clients and 1:300 for professional clients.
Also, Markets.com has Guaranteed Stop-Loss (GSL), which is automatically set to the level of the initial margin used to open the position. Because of this, you can say that you have security in terms of investing. However, you should always consider whether you can afford to take the high risk of losing your money and this is also stated on the website of Markets.com before you can create an account.
Facts about the conditions for traders:
- Over 2200 different markets
- Over 2000 trading assets
- Leverage ratios up to 1:30 for retails clients and 1:300 for professional clients (Europe)
- High leverage up to 1:300 for traders with no European regulation
- Spreads are variable from 0.3 pips
- 2 types of trading platform
- Mobile trading
- Offers fast and seamless account opening
- Offers investment with Forex and CFDs
- Reliable customer support and services
Test of the Markets.com Trading Platform
Customers can manage their accounts with Markets.com via mobile (Markets App) or the web (Markets Web Trader). These 2 types of trading platforms of Markets.com can both support immediate deposits, uploading documents and fast withdrawals. Trading at Markets.com lets traders benefit from zero commission, tight spreads, and leverage ratios which is up to 1:30 for retail clients and 1:300 for professional clients.
Markets.com is aware that every modern-day trader has their own specific needs in trading. The trading platforms of this brand comes with many new features and enhanced customization capabilities. It includes the shortlisting of favorite trading instruments of the trader, able to view multiple trading charts at once and a personalized popular trading instrument list created with proprietary algorithms. The platforms are totally responsive and are used via web, mobile, and tablet (iOS and Android). Trading on-the-go is possible. You can trade anywhere and anytime.
Markets.com offers the following platforms:
- Markets App
- Markets Web Trader
Facts about Markets.com platforms:
- Has an interactive user interface
- Advanced Trading Tools (indicators, analysis, and more)
- Has new features and enhanced customization capabilities
Professional Charting and Analysis is possible
Charting is very important in online trading. It makes total sense to trade when you know how charting works. This helps you understand the movements of the markets and helps you strategize your next move in order to get a plus. The trend and volatility of the markets determine the success of your next move. When volatility is high, it means that a value can potentially be spread out over a larger range of values and the price of the value can change intensely over a short time period in either direction.
You can view charts up to four markets all at once Yand chooses your preferred layout with the Markets.com platform. Its advanced charting is a big help since it can help you identify trends and opportunities that you don’t want to miss. It is professional-grade, fast and user-friendly. You can directly trade using the Multi-Chart feature of the platform.
Technical Analysis is very important because this strategy uses past data, such as asset price movement and volume to try and predict future trends and to identify trading opportunities and price targets. Markets.com platform gives you access to competitive industry analysis and forecasts from Trading Central. The brand offers customers on their trading platforms the Trading Central analysis and data in multiple languages. The indicators of Trading Central overlay support and resists levels on the price chart of the client’s favorite assets and be able to find a summary of recent market movements, together with the suggested entry and exit points. It also offers data that can potentially help traders to understand the market trends, instrument volatility, and movement, and may help traders develop strategies. It uses a fusion of analyst research and automated analytics to give traders more information with which to make trades.
Review of the Mobile Trading (App) by Markets.com
Markets.com features ‘On-The-Go Trading’ with their Markets App. With this App, you can immediately perform deposits, fast withdrawals and can upload documents. There is an interactive user interface, which offers clients a responsive UI/UX that is very easy to use. It embodies advance charts, which is also available in a multi-chart view, with innovative technical analysis tools and free real-time quotes. You can use the search bar to access over 2000 instruments and discover the most active currencies and shares in the ‘Trending Now’ menu. You will be able to get real-time data on your mobile device. Trade wherever you are, using Markets.com’s intuitive mobile trading platform.
Features of App:
- Search and select instruments
- On-the-go trading insights
- Interactive User Interface
- Advanced Trading Tools
- Free Demo Account
- Risk Management Tools
- Customer Support
Every feature from this platform is accessible in a few clicks at the most. Registration is very fast and easy and you’ll be ready to trade on mobile in no time.
You can download the Markets App or Markets.com online trading with mobile from App Store (iOS users) or Google Play (Android users).
The app also highlights its risk management tools, which include online CFD trading. Markets.com offers Stop Loss, Take Profit and more.
This trading platform as well as offer exceptional customer support via phone, email or live chat.
The brand offers customers a free unlimited demo account to practice online trading strategies. We highly recommend getting a demo account first before going or proceeding to real accounts and going live in trading online.
How does Markets.com Trading work? – Step by step tutorial
You have to know the trend and volatility of the markets in order for you to know what will be your next steps. In trading, once you understand the movements of the markets, this can give you an edge in getting good results. You have to remember, that whenever volatility is high, it means that a value can potentially be spread out over a larger range of values and the price of the value can change massively over a short period of time in either direction. Also, don’t forget to use stop loss/take profit to manage risk.
Step by step trading tutorial:
- Choose any asset on the platform
- Choose the size of the right position for your account
- Open the order mask and customize your position
- Select buy or sell to open a position – invest in rising or falling markets
- Use stop loss/take profit to manage risk
The leverage ratio for Markets.com is up to 1:30 for retail clients and 1:300 for professional clients.
CFD trading is fully regulated and is one of the fast-growing investment styles in the world. Even though the trader never owns an asset, CFDs reflects the movement of the underlying asset. Because of this, a trader benefits from the difference between the opening price and the closing price. For currency trading, forex exchange or the forex market now exceeds $7billions in a day. Traders can benefit from the movements of currencies around the world.
Since Markets.com is operated by one of the world’s fastest-growing CFD and Forex providers namely Safecap, clients can trade from a variety of selection of FX, CFDs, stocks, commodities, cryptocurrencies, indices, and ETFs.
Markets.com encourages transparency with its trading platform. Because of this, clients can view easily their account information and as well as its balance. It is a good thing about the brand and makes it a reliable broker.
Open your free Demo Account with Markets.com
We highly recommend getting a free demo account first with Markets.com before going live with a real account. This will greatly help you know how the movements of the markets, whether going up or down and will definitely help you practice your online trading skills. In online trading, we should be aware that there is a high risk of it. By doing so, you will also be able to experience how the platforms work and what strategies needed to get a plus.
Account types with Markets.com
Markets.com has a standard account type and it is the only one. The brand highly promotes transparency to its clients. Customers can simply view their account information by going to the ‘My Account’ section of their profile. The brand also lets you see your balance. With Markets.com, the minimum initial deposit is $100. If you wish to view the balance of your funds, you can simply go to the ‘Funds Management’ section. There you will able to see the number of your current funds.
What is MARKETSX?
MARKETSX is an advanced and premium platform that offers top tools and insight, low spreads and VIP service for experienced traders. With the same great platform you’d expect from Markets.com, but with a next-level service, tools and spreads. Backed by the assurance of a company operated by FTSE 250 subsidiary.
What is X?
‘X’ starts with a fast and reliable platform that has excellent features and low on spread prices. It is a higher form of trading, adds a range of sentiment, fundamental and technical tools that allow traders to track and respond to every aspect of the market. Insight and inside knowledge is a big plus in using this platform, streamed directly to you and from some of the biggest names in the industry. It is supported by VIP customer service which makes you the top priority of MARKETSX and aims to help the traders trading to reach new heights.
Facts about MARKETSX:
- Lowest spreads in the market
- Upgraded platform rich with features and more than 2200 instruments to trade
- Real time interactive access to a range of experts directly from the platform
- Exclusive and free access to the most comprehensive range of tools
- VIP customer service
Anyone can apply for MARKETSX account with a deposit minimum of £250 or equivalent local currency.
Review of the deposit and withdrawal
Markets.com accepts all major credit cards, e-wallets, local payment methods, and wire transfers. There is no charge for commission or fees on deposits. Also, the funds are always returned in the same method used to deposit. The company does not charge commission or fees on withdrawals as well.
Payment Methods that can be used:
- Bank transfer / Bank Wire
- Credit Cards (Visa, MasterCard)
Markets.com support and service
Markets.com offers a diverse selection of customer support and services. Customer service is open 24 hours a day, 5 days a week, and the customer agents are friendly and ready to help you with your issues. Whether your platform is not working or if you want to understand how the markets work or why an order has been rejected. The brand caters services in over 25 languages that incorporate as well the actual platform in 15 major languages, including English, German, Spanish, Italian, French, Norwegian, Russian, Swedish, Dutch and Arabic. Customers can reach support via email or live chat and as well as phone support.
Also, Markets.com has an online support center that you can find as well as Frequently Asked Questions (FAQs). From that section, clients can find training videos that are very helpful for online trading, user guides and basic instructions on how to manage your account.
Facts about the support:
- Offers services in multiple languages (over 25 languages)
- Customer service or assistance is 24/5
- Phone Support
- Live Chat Support
- Has online web query forms
- Online support center with FAQs
You can definitely send them an email by filling up their online web query and you will be contacted by the agent. Customers can also reach customer service of Markets.com through social media, such as Facebook and Twitter.
Markets.com’s customer support and services are remarkably fast to response and absolutely reliable. You can also ask their support about fees and costs in trading with their brand.
Fees and costs
It is free to open a demo or even a live account with Markets.com. For adding funds in the account and withdrawing funds does not charge any fees as well, however, Markets.com highly recommends that traders check with their payment service provider for any transaction fees or additional charges. For the initial deposit, the trader would need a minimum of $100 funds.
However, there is a conversion fee. It is a small charge (0.3%) deducted for the currency conversion when there is a discrepancy between the trading account currency and the quoted currency of the underlying asset are different.
The brand also charges an inactivity fee, which starts after 3 months of inactivity and is $10 per month.
Also, there are no hidden fees at Markets.com, and the company is mainly compensated for its services through the spread and daily swap charges.
Fees of Markets.com:
- Minimum initial deposit is $100
- Conversion fee of 0.3%
- No fees involved with Crypto CFD trading (nor are there any commission)
- Inactivity fee (after 3 months for $10 per month)
- No hidden fees
Please note that clients adding funds of over $2500 will be reimbursed by Markets.com for any external transaction fees that are charged and any withdrawals with bank fees incurred by VIP clients are reimbursed by Markets.com.
Accepted countries and forbidden countries
Markets.com accepts traders from Australia, Denmark, France, Germany, India, Italy, Kuwait, Luxembourg, Norway, United Kingdom, Qatar, Saudi Arabia, Singapore, South Africa, Sweden, United Arab Emirates and other countries.
However, tradares can’t use Markets.com coming from Belgium, Brazil, Canada, Russian Federation, Hong Kong, Indonesia, Iran, Iraq, Israel, Japan, Malaysia, New Zealand, Philippines, Puerto Rico, Switzerland, Syria, Thailand, Turkey and United States.
Is Markets.com legit or a scam? – Conclusion of the review
Markets.com is backed by a trusted trading company that is operated by Safecap and owned by Playtech PLC. It offers more than 2000 trading assets and over 2200 markets to trade, which has advanced yet easy-to-use trading platforms that make it a good choice for any type of trader.
It provides a variety of selection for trading FX, CFDs, stocks, commodities, cryptocurrencies, indices, and ETFs. Already have about 5 million accounts registered with this broker due to its powerful big data and quantitative analysis tools.
The brand is regulated and we can definitely say that it is a legit, trusted and reliable broker.
- Acceptes international traders
- Has interactive user interface
- User-friendly platforms
- Advanced Trading Tools
- Platform has ew features and enhanced customization capabilities
- Transparent trading experience
- Over 2200 markets to trade
- Wide range of markets
- More than 2000 trading assets
- Quality support and services
- Offers mobile trading
- Offers free demo account
- Offers services in multiple languages (over 25 languages)
Lastly, Markets.com has a disclaimer that 84% of retail investor accounts lose money, whenever trading CFDs with this provider. You should make sure that you truly understand and know how CFDs work before trading CFDs with this broker.