Spreads & Commissions8/10
- An EU-based broker that is owned by a leading FTSE-250 listed company
- Regulatory licenses issued by both the CySEC and the FSB
- Offers the most comprehensive range of tradable instruments
- Minimum investment starts with $100, with only a single type of trading account
- World-class customer service with a 48-hour turnaround for ticket resolution
- Choice of MT4 and a proprietary WebTrader for trading
- No Direct Market Access account
- The MT4 platform does not offer full access to the markets
- Spreads are just average
Markets.com Broker Review – For Trading The Global Financial Markets
Having a high-level domain name with a global presence is often associated with authority, which certainly enables a company to provide dependable services to its clients. Most renowned names in the Forex trading industry do indulge in a secure and reliable brokerage business, thereby enabling traders to invest in the markets without worrying about the safety of their investments. Markets.com is a leading Forex and CFD broker operating in the financial markets that continue to deliver on its promises by providing some of the best services to its customers.
Traders are often perplexed by the varied choice of brokerages, as it would be difficult to make an informed decision, particularly for new traders. Even advanced traders may find it hard to get all the essential information about a broker’s services, which is why this Markets review can provide you with detailed broker stats such as spreads, platforms, leverage, minimum deposit, mobile trading, and more.
Legal Info & Markets.com Regulation
Markets.com is a financial broker that has strong company fundamentals, owing to its parent companies that are based out of Europe. Markets.com was launched in 2006 by SafeCap Investments, a company regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Board (FSB of South Africa). Markets.com is strictly audited by the EU regulatory authorities for its compliance with the Markets in Financial Instruments Derivatives (MiFID) and is EEA (European Economic Area agreement) authorised to serve clients from all over the European Union. Of course, the EU has brought about some changes to its regulatory structure, which prevents Markets.com from interacting with international traders. Therefore, the broker’s FSB license enables the company to acquire global traders without any regulatory hurdles.
SafeCap Investments is entirely owned by Playtech PLC, which is an UK-based gaming company that is listed in the FTSE-250 with over €200 million as its operating profits. Being a publicly traded entity of the London Stock Exchange, Playtech has to abide by all the laws and regulations imposed by the UK’s financial watchdog, the Financial Conduct Authority (FCA), thereby ensuring that all the products and services under the Markets.com brand also falls under the UK laws.
Markets.com offers detailed information about its regulatory licenses, dealing policies, and conflict of interest for maintaining complete transparency. The broker even provides access to investor compensation schemes such as the Investor Compensation Fund (ICF offered by the CySEC) that promotes safety and security of funds against broker redundancies. Traders are also guaranteed that their funds will be transferred to segregated accounts, which provides a safe and secure option for traders.
Markets.com, as a company, has invested in the most generic and an important brand name that should reflect the entire financial market. Therefore, we are indeed impressed with the broker’s choice of financial instruments, which leads to a comprehensive access to assets from almost all major financial markets in the world. Outlined below are the choice of tradable instruments that traders can choose to trade with Markets.com.
Forex: AUD/USD, EUR/USD, GBP/USD, NZD/USD, USD/CAD, USD/CHF, USD/JPY, AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NOK, EUR/NZD, EUR/SEK, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/NZD, GBP/SGD, NZD/CAD, NZD/CHF, NZD/JPY, USD/DKK, USD/NOK, USD/SEK, USD/SGD, CHF/PLN, EUR/CZK, EUR/HUF, EUR/PLN, EUR/RON, EUR/RUB, EUR/TRY, GBP/RON, GBP/TRY, USD/BRL, USD/CNH, USD/CZK, USD/HUF, USD/INR, USD/MXN, USD/PLN, USD/RON, USD/RUB, USD/TRY, USD/ZAR
Crypto: BCHUSD, Bitcoin, BITCOINEUR, Dash, DASHEUR, ETHCLASSIC, Ethereum, ETHEREUMEUR, Litecoin, LITECOINEUR, RIPPLE
Bonds: GER10YBond, Gilt10Y, JPN10yBond, TBOND30, TNOTE10
Indices: Amsterdam25, Australia200, China50, Denmark20, DollarIndex, Europe50, France40, Germany30, Greece20, HongKong45, India50, Italy40, JAPAN225, Moscow50, MSCITaiwan, Norway25, Poland20, SAfrica40, Spain35, SWEDEN30, Swiss20, TECH100, UK100, USA2000, USA30, USA500, VIXX
Commodities: Aluminium, BrentOil, COCOA, COFFEE, Copper, CORN, COTTON, GOLD, HeatingOil, NaturalGas, OIL, Palladium, PLATINUM, RICE, SILVER, SOYBEAN, SUGAR, WHEAT, Zinc
ETFs: ACWI, AGQ, ChinaCSI300, DBC, DEM, DIA, DLN, EWT, EWY, FAS, FAZ, FXE, IDU, IWM, IWO, MDY, MSCIMexico, QID, QLD, SDS, SFYAX, SLV, SPXU, SPY, SSO, TBT, TWM, TZA, USO, VTI, XLB, XLE, XLF, XLI, XLK, XLP, XLU, XLV, XLY
Shares: Markets.com offers access to share trading from the following countries – Italy, Netherlands, Germany, Australia, Switzerland, USA, Spain, Belgium, UK, France, Hong Kong, Sweden, Greece, Finland, Austria, South Africa, Denmark, Czech Republic, Portugal, Poland, Russia, Norway, Hungary, Japan
Markets.com is a full-fledged broker that is perhaps the most advanced company when it comes to the choice of financial instruments. The wide range of instruments is certainly an incredibly attractive proposition for both amateur and professional traders.
Markets.com Bonus & Promotions
The concept of bonus and promotions stems from a broker’s need to attract new traders and gain an edge over the competition. Regardless of the benefits of bonuses for retail traders, there are also numerous drawbacks, which has resulted in various conflicts between brokers and their clients. As a consequence, several top regulators, including the most established EU agencies, have clamped down on broker bonus programs by outlawing them altogether. Of course, Markets.com has a branch in South Africa under the FSB, which allows it to offer bonuses, but the broker has opted to stay away from any bonus programs for its entire customer base.
Traders don’t have to be entirely disappointed with the broker’s approach, as there is a free $25 account that does not require any deposit. The free trading account allows the user to trade on a live account, and even withdraw the profits, provided they make an initial investment and satisfy the minimum trading volume requirements. The free $25 account can be used to evaluate the broker’s services, but if you are probably looking forward to receiving a bonus on your trading capital, you should consider other options in the market.
Markets.com Forex Platform
Markets.com promotes the use of its proprietary Markets.com trading platform, which is a web browser-based trading interface that offers access to the entire range of markets on offer. The proprietary trading platform has several innovative features, including a pleasing and efficient user interface, which is a result of the parent company’s gaming prowess.
Playtech PLC has been involved in the online gaming and betting industry, which has led to the company designing numerous gaming interfaces that are well-received by players. Hence, Markets.com also makes use of this expertise to develop one of the best online trading platforms in the market, ensuring that traders can trade on the move by accessing the platform on any compatible web browser.
For conventional traders, Markets.com is also offering the MT4 terminal, but the MT4 platform does not incorporate all the tradable instruments that are available in the Markets.com WebTrader. Nevertheless, the MT4 should offer a rather seamless and reliable trading experience, particularly for traders that are comfortable with the MetaTrader4 platform.
Markets.com Mobile Trading Platforms
The proprietary web trading platform offered by Markets.com has excellent compatibility with both desktop and mobile trading platforms. The Markets.com app can be accessed on both smartphones and tablets through the device’s web browser, but the broker also enables its traders to download the MT4 apps for trading the markets on iOS, Android, and Windows devices. Unlike other brokers, Markets.com recommends its proprietary app for desktop and mobile trading.
Markets.com Trading Conditions
Markets.com is based on a CFD trading protocol that uses the market maker model, but the broker is able to meet its clients’ liquidity through its global brokerage. Obviously, there are issues with a dealing desk broker, and it does seem that Markets.com has the resources and expertise to offer an ECN/STP account. Nevertheless, there is only a single trading account that requires a Markets.com minimum deposit of $100, with no option to choose either a premium account or a micro trading account.
CFD brokers always have higher spreads than ECN/STP/DMA accounts, but trading does not involve commissions. The average Markets.com spread is around 2 pips on the major Forex pairs, but expect the spreads to rise exponentially for minor and exotic currency pairs. Other assets may incur additional trading costs, but we have seen the broker quoting as much as 150 pips spread for exotic currency pairs with extreme volatility and low liquidity.
The Markets.com leverage is also quite normal in the traditional sense, with several assets offering a maximum leverage of 1:300. Shares, bonds, ETFs, and other similar financial instruments can only qualify for a maximum leverage of 1:20, owing to liquidity issues. The broker has a pretty detailed description of its trading conditions on its instruments page, along with spreads, leverage, and trade timings.
Markets.com Deposit & Withdrawal Methods
Markets.com protects its financial transactions using the latest SSL protocols and encryption, which allow traders to fund and withdraw money through Visa, MasterCard, Skrill, PayPal, and Wire Transfer. Markets.com is one of the limited numbers of Forex and CFD brokers that accept both Skrill and PayPal, which opens up the broker’s services to a huge number of traders. Unfortunately, Markets.com does not accept traders from the USA, Japan, Canada, and Belgium.
Markets.com Customer Support
Markets.com has a professional, and reliable customer service department that takes care of all customer queries as per their TCF (Treating Customers Fairly) policy. Markets.com claims to have an impressive turnaround time, where customer complaints and tickets are closed within a frankly bewildering 48 hours. It instils a sense of trust among traders to know that the broker not only adheres to a strict client interaction policy, but the broker’s activities are audited by some of the leading regulators in the market. Traders should be able to get their concerns addressed through the live chat feature, or through the 24X5 web contact form.
Markets.com is a leading broker in the Forex trading industry that acts as a market maker. The broker has mostly positive trading attributes, along with a few drawbacks that comes with the territory.
Does Markets.com Provide A Bonus?
The broker does not provide any deposit bonus, but traders can trade with a free $25 trading account.
What Are The Markets.com Platform Options?
Traders can either trade on the MT4 terminal or invest in the markets using the proprietary Markets.com apps.
Does Markets.com Offer A Demo Account?
Yes, Markets.com indeed offers a demo account.