Markets.com Review

  • Regulated by: CySEC, FSB
  • Headquarters: Cyprus
Website : Markets.com
Established : 2008
Country : Cyprus
U.S. Clients Allowed : No

marketscom

Markets.com is an online broker dealing in CFD, indices, stocks, forex and ETFs. The broker was established in 2008 and has over a decade of experience. Its parent company is Safecap Investment Limited, a subsidiary of Playtech PLC and is listed on London Stock Exchange under the ticker ‘PTEC’.  Playtech Plc also plays a part in the FTSE 250 market Index. Markets.com is the official sponsor of the Arsenal Soccer Club and is regulated in two jurisdictions, Europe and South America.

Markets.com Regulations

In South America, Markets.com is regulated under the jurisdiction of FSB, Financial Services Board of South America is registered under the license no 43906.

In European Territory, the broker is regulated by the prestigious CySEC, Cyprus Securities Exchange Commission and is registered under the license no 092/08. As Cyprus is a member of EU, its regulatory procedures are complaint by MiFID standards and hence recognised by all the territories that fall under the Eurozone.

Markets.com Reliability

marketscom reliability

Is markets.com a scam? Is markets.com safe? Are some of the questions that traders often ask; rest assured markets.com is extremely reliable to trade with as it is regulated by not one but two regulatory bodies – CySEC & FSB, both of whom requires markets.com to have extremely high standards of operating. The broker is required to maintain separate accounts for client and company funds in tier I banks, it also requires Markets.com to submit regular financial reports to CySEC for validating its capital adequacy ratio.

In order to ensure web security, the broker uses SSL security for the protection of their servers. It also deals with on PCI level certified international payment services. It is further protected via Firewalls and SSL for data protection. Its servers are located at SAS 70 certified centres for added protection. To seal the argument in favour of Markets.com, the broker has won several accolades recognising the quality of their services.

Trading Platforms

marketscom platform

Markets.com offers a proprietary trading platform called The Markets Web Trader, as desktop and mobile version, available on IOS and Andriod. The platform is user-friendly yet sophisticated with features such as technical indicators which the traders can overlay for improved market analysis. Since it’s developed in-house to cater to the needs of Markets.com’s clientele, it comes with set of exclusive features such the trading cubes, which allows the traders to view several assets at the same time hence enabling enhanced trading process. The real–time news feed that the platform features is especially useful for keeping a track of major market developments and changes.

Mobile Trading Platforms

The mobile version of the platform enables full mobility in terms of trading on the go with the help of one’s smartphones. It is available for Apple and Andriod devices.

Trade Types/Instruments

The broker offers a wide range of financial instruments to trade with such as stocks, spot forex, EFTs and CFDs. Within these instruments the broker includes more than 2000 different asset type.

Account Types

Markets.com offers three standard trading account types. The details are as follows:

  • The Real account – It requires a minimum of $100 as deposit
  • The Demo account – Gives traders a chance to test the markets before they start putting in real money
  • The Islamic account – Islamic account is available to the Muslim traders who can trade according to the Sharia interest free trading principle

The maximum available leverage for all three trading accounts is 1:300 for forex trading.

All the accounts mentioned above come with the benefits:

  • Everyday market analysis
  • 24/7 Customer support
  • Educational Webinars
  • Dedicated Account Managers for larger clients

Commissions and Spreads

InstrumentSpreads
EUR/USD2
EUR/CHF4
EUR/JPY4
EUR/GBP3
USD/CAD3
GBP/USD2
AUD/USD3
AUD/CAD8
AUD/JPY4
EUR/AUD9

Markets.com does not charge any commission on its trades; instead the traders have two options to pick from – fixed spreads or floating spreads when trading in spot forex. The spreads are competitive form an industry standard for popular pairs such as Dollar/Euro; it is fixed at 2 pips.

Point to note, the spreads for the broker’s proprietary Web Trader platform and that for MetaTrader 4 are different, the owned platform being more competitive.  Displayed below are the applicable spreads for popular currency pairs.

Deposits and Withdrawals Options

The broker provides an array for methods for fund transfer, the most important being:

  • Bank Wires
  • Credit Cards
  • Ewallet – NETELLLER
  • Ewallet – Skrill

There are other methods at the disposal of traders who find the above mentioned mediums cumbersome. They can make deposits via the following

  • Giro Pay
  • Bank Link
  • eKonto
  • Fast Bank Transfers
  • Instant Bank,
  • Ideal
  • Multibanco
  • Mistercash
  • Sofort
  • Przelewy24

Markets.com returns the withdraws through the method that is used for the deposit. For example if a trader uses credit cards to deposit money in his account, the withdrawal will also happen through credit card.  The broker charges zero fee on withdrawals, however it comes with a minimum withdrawal limit; the limit varies as per the medium of withdrawal.

It takes one business day for the broker to process the withdrawal from their end; depending on the bank’s internal processing duration, additional days may be required for successful withdrawals.

Customer Support

marketscom-support

Markets.com is can be accessed in around 15 major global languages, some of them being French, Italian, German, Russian, Dutch, Arabic, Norwegian, Swedish and Spanish.

The customer support is available on 24/5 basis and can be contacted via email, live chat or call.

Conclusion

The trader certainly wins big time when it comes to offer a wide –range of instruments and trading services. It definitely is amongst the top in the industry. Its low minimum deposit of $100 and an offering of over 2000 types of instruments works in its favour, and makes it an ideal choice for beginner traders. Its accolades further add a sense of safety.

Markets.com Review

Markets.com Review
9.1

Easy to use

9.1 /10

Fees

9.1 /10

Support

9.1 /10

Payment

9.1 /10

Pros

  • Regulated broker
  • Tight spreads
  • Demo account
  • Stable platforms

Cons

  • Doesn’t accept US traders
  • Charges inactivity fee
Ricardo Martinez

Ricardo Martinez

Ricardo Martinez has been active in the financial markets for around 10 years. In the early days in his career he was a trader and worked as market analyst in different online brokers advising clients on key decisions of trading instruments in foreign exchange and commodity markets. Ricardo is currently working as independent trader with diversified portfolio over different markets. His writing for LearnMarketonline is part of his commitment to share knowledge with traders.