Markets.com is a global CFD and Forex broker founded in 2008. It is regulated by several financial bodies including the Cyprus Securities and Exchange Commission (CySEC) and the UK Financial Conduct Authority (FCA).
- Account Currencies: EUR, USD, GBP, SEK, DKK, ZAR, NOK, PLN, AUD, AED, CZK
- Minimum deposit: 100$
- Leverage: 1:300
- Legal Information: Safecap is located at 148 Strovolos Avenue, 2048, Strovolos, P.O.Box 28132, Nicosia, Cyprus
- Trading Instruments: Currencies, Cryptocurrencies, Stocks, ETFs, Indices, Bonds, Commodities, Precious Metals
Account types and commissions
Markets.com does not offer separate account types. After registration you will have the opportunity to try out a real and demo account.
A demo account is given $10,000 in virtual funds so you can test the platforms and services offered by the broker before depositing your own funds. If a demo account is not used for 90 days or more, it will be considered inactive.
The average minimum spread is 1.90 points for EUR/USD on the web platform, while on Metatrader 4/5 it is three points. When trading cryptocurrencies, the average minimum spreads are 107 points for Bitcoin and 5 points for Ethereum.
Markets.com charges fees for inactive accounts. An account inactivity fee of $10 per month is charged after 90 days of inactivity. The account inactivity fee is a fee charged to a registered brokerage customer.
Brokers may have certain trading activity requirements that account terms and conditions and clients must comply with.
Trading Tools & Platforms
Markets.com offers traders and investors an excellent selection of trading instruments. Traders are offered a choice of more than 2,200 CFDs on a well-balanced and diverse list of assets spanning nine asset classes. With 25 cryptocurrency CFDs, Markets.com is among the brokers with a deeper selection for this emerging asset.
The broker also offers a wide selection of CFDs on stocks, global indices and more. To support its extensive offering, Markets.com also provides trading tools so that traders can evaluate financial products from different perspectives, using fundamental, technical and sentiment analysis tools.
The overall selection of assets depends on Markets.com’s division and the trading platform used. Please note that UK retail traders cannot trade cryptocurrency CFDs due to regulatory restrictions.
- Currency pairs 67
- CFD on Indices 40
- CFD on Stocks +2200
- ETF CFD 66
- Commodity CFDs 28
- Bond CFDs 4
- Cryptocurrencies 25
Markets.com offers a wide range of tools and platforms that provide a rich trading experience. Markets.com offers the world-renowned MetaTrader 4 and MetaTrader 5 platforms with a wide range of trading tools.
MetaTrader 4
This desktop platform offers four market order execution modes and 24 analytical tools for technical analysis.
Account holders can access the trading interface with a single click and use automated trading strategies with the help of expert professionals. It is possible to trade with lots up to 0.01 using unique hedging instruments.
MetaTrader 5
Traders can actively work with multiple asset classes and have access to more order types and trade management than what is available in MetaTrader 4.
Customer support can also be automated with expert advisors, without which accounts lose money due to the lack of 24/7 support. Various types of charts and timeframes are available on the platform, as well as technical indicators.
Deposits & Withdrawals
A minimum deposit of 100 GBP/USD/EUR is required to open a Markets.com trading account. The minimum deposit is the minimum amount of money that Markets.com requires to open a new brokerage account.
Markets.com does not charge any deposit fees. Although bank / third party merchant fees may apply.
You should always check deposit fees, as some brokers may charge a commission when you deposit your account using a payment method. This is because the payment method you use to fund your account may charge a commission.
As with most other CFD brokers, there are several ways to fund your account:
- Wire transfer/quick bank transfer
- Credit/debit card
- PayPal
- Skrill
- Neteller
- Sofort
- iDeal
Wire transfers can take several business days, while credit/debit card payments are instant. You can only deposit money from accounts in your name.
Markets.com does not charge withdrawal fees. You can use the same methods for withdrawals as for deposits.
On average, it takes up to 1 day to withdraw. However, this may vary depending on the withdrawal method.
Technical Support and Education
Markets.com’s customer service, over the course of our testing, has proven to be reliable and fast. You can rate your agent at the end of the call, which is a good way to get feedback.
If you prefer to ask questions by phone, you can call the phone number corresponding to your region; you can find these phone numbers on the website.
The downside is that the support team is only available 24/5, which means that it is not available on weekends.
At Markets.com you can access educational content in the following ways:
- Demo Account
- Video platform tutorials
- General training videos
- Webinars
Previously, educational videos were available in the site’s Knowledge Center, but now you can find them either on the platform or on the Markets.com YouTube channel. Educational content includes tutorial videos, short videos about trading tips, and some longer, 60-minute videos on special topics such as trend signals.
Licenses and Regulation
Markets.com is regulated and supervised by reputable organizations. Regulation gives you recourse to the courts for those who have problems with Markets.com. Regulators protect traders with things like reimbursem*nt schemes that return a client’s investment if a broker becomes insolvent.
Brokerage firms must meet a number of rules and criteria that are determined by jurisdiction regulators in order to be licensed and continue to operate in those jurisdictions. The whole concept of regulation is to protect Markets.com traders and provide a safer trading environment. The financial regulation and approval of the license is essential.
- Cyprus Securities and Exchange Commission (CySEC)
- Financial Conduct Authority (FSCA)
- Financial Conduct Authority (FCA)
- Australian Securities and Investments Commission (ASIC)
- BVI Financial Services Commission (BVI FSC).
Markets.com is regulated, managed and monitored by reputable financial regulatory bodies. Regulators monitor brokers’ behavior, and if something goes wrong, they take appropriate action.
Conclusion on Markets.com
Overall, we can recommend Markets.com as a trusted and reliable broker.
It’s fair to say that Markets.com offers an innovative interface for trading a whole range of instruments, from fiat to cryptocurrencies. Narrow spreads with zero commissions and leverage up to 1:30 for retail clients and 1:300 for professional clients.
Also we should not forget about the long history of the company and a lot of regulators. That characterizes it as a reliable broker.
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