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Markets.com Review [yyyy]

Markets.com Review 2022

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Before opening an account at Markets.com, make sure to read this Markets.com review. Is this a scam or reputable forex broker? Learn more from Markets.com's AtoZ Markets Forex broker reviews.

This company has been subject to a thorough review and we have no hesitation in recommending it. The broker is well-known for offering a wide range of trading accounts. They offer traders the opportunity to trade in many markets and products.

We are always on the lookout for any potential pitfalls in a broker's history, biography and reputation. Markets.com reviews are subject to the same standards.

Overview

Company
9/10
Trust
9/10
Trading Platform
9/10
Account Types
9/10
Costs
9/10
Customer Support
9/10
Regulation
9/10
Cryptocurrency
9/10

Company

9 /10

Established in 2008, Markets.com is a brand and trademark operated by Safecap Investments Limited among other entities within the Tradetech Markets Limited Group, a subsidiary of the software giant Playtch PLC, a company traded on the London Stock Exchange’s Main Market and a constituent of the FTSE 250 index. Among others, CFD traders can enjoy Android and iOS compatibility and a web-based trading platform at Markets.com. There are many benefits to trading at Markets.com including a $10,000 Demo Trading Account, advanced charting capabilities, real-time quotes, 24/5 trading options, leveraged trading, and access to live expert market overview.

Trust

9 /10

Markets.com is extremely secure from hacks, DDOS, and any other criminal underground threats thanks to their modern-day security protocols. They implement firewalls and SSL technology to ensure all sensitive information is transmitted and stored securely.

Moreover, customer funds are kept in a different, well-secured account, and should anything happen, the exchange’s client protection scheme will get the affected individuals reimbursed. As well, the brokerage is regulated CySEC which ensures they comply with best practices and can be trusted with their security and fairness.

Trading Platform

9 /10

Markets.com is not limited to the number of accounts, platforms, or tradable instruments. The first and most sought-after trading platform found on this exchange is the MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms come with complex and useful tools meant to help you trade efficiently. You can close or open positions easily from the charts while on MT4 and MT5 as well. Both the trading platform is the most popular trading platform in the industry and provides all the sophisticated tools and features a trader needs to successfully conduct market and technical analysis, execute trades in a timely manner, and manage your account and orders.

Markets.com also features their very own proprietary trading platform known as the Sirix Web Trader platform for those who love to trade based on what others are trading. This social trading tool lets you view what others are doing and perhaps replicate that on your side too. For those who want to keep abreast with the changes, Market Web Trader (MWT) is a better option to choose while on Markets.com. MWT is a premium platform with features like up-to-date news ticker and trading cubes. Both of these proprietary trading platforms are web based and can be used on multiple devices.

Account Types

9 /10

Markets.com provides accounts for beginners to expert traders. There are four different types of trading accounts you can choose at Markets.com:

Demo

Free demo trading accounts are offered by Markets.com, allowing newcomers to familiarise themselves with the MarketsX platform or the dynamics of the markets, in general, using practice money.

Retail

The standard live trading account at Markets.com, retail accounts give you access to the full array of 2,200+ instruments, with flexible leverage and competitive spreads.

Professional

The professional trading account targets professional trades planning to invest a minimum of £500,000, with additional leverage structures offered.

Islamic

Traders seeking an interest-free account that’s aligned to the principles of Islamic Sharia law should open an Islamic-friendly account.

 

Costs

9 /10

The Markets.com platform is fully transparent about its brokerage fees, giving traders the chance to calculate how much their trades will cost before they execute them:

Trading Fees

Depending on the type of trading you pursue at Markets.com, you may incur fees. In the below section, we’ll take a look at the spreads for different kinds of trading assets.

Forex

Minimum spreads for major forex pairs like the EUR/USD start at 1.90 pips. This is on the MarketsX platform. If you prefer using MetaTrade 4 or 5, be prepared to see spreads of three pips. Up to 1:30 leverage is offered across most major and minor forex pairs here.

Cryptocurrency

Minimum spreads in cryptocurrency markets are some of the highest among brokers in the UK and Europe, with Bitcoin set at 140 pips and 15 pips for Ethereum.

Equities

You will tend to find more competitive minimum spreads when trading equity CFDs. For instance, Facebook has a spread of $0.20, while Apple has a spread of $0.29. Leverage of between 1:5 and 1:6 is typically available with equities.

Commodities

Trading commodity CFDs like gold and silver sees minimum spreads of $1.33 and $0.032 respectively. Leverage of 1:20 is offered exclusively on gold and gold futures.

Customer Support

9 /10

Customer support is provided 24 hours a day, either by email, or live chat. However, response times vary depending on the time of day, the method of contact, and the level of account a customer owns.

Regulation

9 /10

SafeCap Investments Limited operates Markets.com and is a Cyprus company. The company is multi licensed by 6 financial institutions, namely:

  1. The Cyprus Securities and Exchange Commission (CySEC)
  2. The European Securities and Markets Authority (ESMA), which sets the main framework for all other EU regulators
  3. The Financial Conduct Authority in the UK (FCA)
  4. The Australian Securities and Investments Commission (ASIC)
  5. The Financial Sector Conduct Authority in South Africa (FSCA)
  6. The Financial Services Commission in the British Virgin Islands (FSC)

Conclusion

Markets.com is a leader in CFD trading and forex trading. A wide range of payments processing options is available, including Skrill, Maestro, MasterCard, Visa and others. The educational tools are useful and include a forex education, CFD education, technical and fundamental analysis & webinars. Various research tools such as an economic calendar and Autochartist boost the appeal of this trading platform. As an MT4 trading site, clients have access to cutting-edge technology at all times.

The trading platforms include mobile trading, web-based trading,  and MetaTrader. Overall, traders will be well pleased with the user-friendly interface and the innovative nature of the trading platforms.

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