Markets.com | Review | CFD Trading Platform Review

Our Review

 

Our Overview

What is Markets.com?

10 points summary

How Protected are you with markets.com?

Awards

Is markets.com a Scam or Safe?

Account

Trading Instruments

Trading Platforms

Trading Fees

Deposit and Withdrawal Options

Education

Customer Support

Conclusion

 

 

What is markets.com?

Founded in 2008, markets.com has been in the field for more than 10 years and managed to secure traders' trust worldwide. It is focused on Forex and CFD trading, for which it provides 4 different platforms. 

It is strictly regulated by Cyprus Securities and Exchange Commission (CySec), Financial Services Board South Africa (FSCA), and Australian Securities and Investments Commission (ASIC). Moreover, all the funds are kept segregated, and negative funds protection is offered. 

The key goal of markets.com is to bring forth safe trading conditions while offering numerous trading instruments and keep the traders at ease by offering remarkable customer service support. 

 

Pros	Cons
Regulated by three regulatory authorities.	No 24/7 customer service support.
MetaTrader platforms available.

 

10 Points Summary

Headquarters	South Africa
Regulation	CySec, ASIC, FSCA
Platforms	MT4, MT5, marketsi, marketsx.
Instruments	Bonds, Cryptocurrencies, Indices, Forex and CFDs
EUR/USD Spread	0.2 pips
Demo Account	Yes
Minimum deposit	$250
Base currencies	Multiple currencies supported
Education	Provided
Customer Support	24/5

How Protected are you with markets.com?

Examine a broker’s safety and security policies carefully before deciding on one. When it comes to brokerage, it is self-evident that security is the most important consideration. If your broker cannot provide you protection, it's about time you move onto a new broker. 

Markets.com leaves no stone unturned in providing maximum protection to its traders. It offers negative balance protection and claims to keep the funds in a segregated account. Additionally, an insurance policy of $1,000,000 is taken by the company that covers all the clients. 

Considering the amount of protection that markets.com offers, opting for this broker seems like a good choice. 

 

Pros	Cons
Separated bank accounts.	None.
All clients covered with an insurance policy.

 

Awards: 

Awards take precedence over reviews, no matter how compelling they are. They are given to acknowledge the hard work and dedication the team puts in and help elevate the company’s reputation.

Markets.com has won several awards over the years. Some of them are listed below: 

Best Forex Provider 2017

Best FX Platform 2017

 

Is Markets.com a scam or safe?

Is being scammed one of your fears? If yes, let us inform you that there are numerous scammers online posing as legit brokers. 

How to steer your way clear? The answer is research. When you decide to enter the trading world, you have to conduct a survey and do research before giving your money. 

Markets.com has been in this particular field for more than 10 years; taking into account its reputation in the market and the fact that it is strictly regulated by multiple regulatory authorities, the chances of markets.com scamming you are very unlikely. 

Hence, Markets.com is absolutely legit, and you don’t have to worry about anything. 

Account:

Markets.com offers two account types- Retail & Professional account. Additionally, a demo and an Islamic account are also available.

RETAIL ACCOUNT: This type of account is not specific to any special or experienced traders; all traders, beginner or professional, can sign up for it. It offers flexible leverage and a vast range of trading instruments. 

PROFESSIONAL ACCOUNT: As the name indicates, this type of account is specially designed for experienced traders and not for those who trade as a hobby. Those who are interested in investing huge amounts such as $500,00 can sign up for this account. Additional leverage is also offered. 

DEMO ACCOUNT: A demo account is a perfect tool for traders that have just started trading and do not have enough experience. It helps them prepare strategies, apply them and see the results in a risk-free environment. 

ISLAMIC ACCOUNT: An Islamic account is specially designed for Muslim traders that follow the Shariah Law. 

 

Pros	Cons
Demo account available.	None.
Islamic account available.

 

Trading Instruments:

Markets.com offers a wide range of trading instruments to its traders, such as:

Forex

CFDs

ETFs

Bonds

Shares

Commodities. 

 

Pros	Cons
Vast variety of trading instruments.	None.

 

 

Trading Platforms:

Markets.com provides four different platforms- MT4, MT5, Marketsx, Marketsi.

Marketsx and Marketso are the brokers own proprietary platforms; Marketsx is favorable for those looking to trade, whereas Marketsi is more suitable for those looking to invest. This proprietary platform has won awards because of the straightforward user-interface that it offers, along with numerous features. It is available as a web platform and a mobile application.

The popular MT4 and MT5 platforms are also available as many traders always prefer the MetaTrader platforms over any other. 

 

Pros	Cons
MetaTrader platforms available.	None.
Offers its own proprietary platform.

 

Trading Fees:

Incase of Marketsx, the trading fee is covered in floating spreads, whereas when we talk about Marketsi, the first free months are free of cost, but the commission will be charged per trade after the three months have ended. 

Spreads vary based on different assets. Deposit and withdrawals are free of any fee. 

 

Pros	Cons
No deposit and withdrawal charges.	None.
No additional charges.

 

 

Deposit & Withdrawal Options:

Trading gets 10x easier if the deposit and withdrawal process is smooth. Markets.com offers a fairly easy process of depositing the funds into your account. The following options can make deposits: 

Bank Wire Transfer

Credit/Debit Card

Ewallets: PayPal, Neteller, Skrill.

All deposits are absolutely free of charge, and the minimum deposit amount is $100. Moreover, the availability of some deposit options may vary based on your location. 

Withdrawals are identical to deposits and utilize the same options. Likewise deposits, all withdrawals are also free of any charges. The minimum deposit amount and the time to complete the withdrawal process depend upon the option selected. To comply with the money laundering rules, the name on the markets.com account and the option for withdrawal opted must have the same name. 

Education:

Markets.com provides exceptionally advanced educational resources on its website. The knowledge center is divided into four different sections:

X-RAY: In this particular section, various experts hop on the microphone to share their expert opinion and experience. The best part about X-ray is that these sessions can be streamed live or can be streamed as per convenience. It allows the traders to interact directly with the experts and inquire about their queries. 

NEWS: This section provides all the latest market updates and important events that are taking place around the globe. Almost everything that can have an impact on trading and investment is reported in this section. 

WEBINARS: Various webinars are scheduled to enhance your knowledge about the market as top financial experts lead them.

ANALYSIS: Last but not least, analysis. Sometimes, the common mind cannot unravel the complexities of the events that place in the trading world. Therefore, to help the traders get a better insight into all the happenings, in-depth analysis are done by financial experts. 

 

Customer Support: 

Will you enjoy your experience with an online broker if their customer support service was not helpful at all? No, right! 

Good customer support service is the guiding principle in developing a healthy relationship between a broker and a trader. If the trader is uncomfortable and feels unheard, he might move on to someone who supports him and listens to his problems. 

Markets.com values its traders and wants to make them feel heard. The customer support service team works day and night, five days a week, to help traders overcome all the problems that they face. Multiple options are available to contact the team, such as phone, and a live chat. Furthermore, various languages are supported. 

Pros	Cons
Multilingual support offered.	No 24/7 support.
Various options to contact the team.

 

 

Conclusion:

Markets.com is highly recommended as it strives to provide the best-of-the-best to its traders. It offers a trading environment that is suitable and benefits everyone. The minimum deposit amount is reasonable, and the best part is it does not charge any deposit or withdrawal fee, unlike many online brokers nowadays. 

It is strictly regulated by CySec, FSCA, and ASIC that removes any doubt about its credibility. Moreover, the funds are kept safely in a segregated account and cannot be used by the broker for its own purposes. 

The broker even has its own proprietary platform along with MetaTrader platforms that offer powerful tools and various features suitable for trading. 

All in all, Markets.com offers a lot to its traders and can prove to be a clever decision. 

 

Frequently Asked Questions (FAQs)

Is Markets.com regulated?

Yes, Merkets.com is regulated by CySec, ASIC, and FSCA. 

How much is the minimum deposit amount?

The minimum deposit account that is required is 100$

Is there an option of a demo account?

Yes, a demo account is offered by markets.com 

Is there any deposit or withdrawal fee? 

No, all deposits and withdrawals are free of charge. 

Which platform does Markets.com offer?

Markets.com offers four types of platforms; MT4, MT4, marketsx, and marketsi.