The broker offers three cutting-edge trading platforms. The Markets.com platform is the firm’s proprietary trading platform which comes with a rich set of trading tools and features.
Deposits & Withdrawals
Clients at Markets.com have the possibility to deposit funds in various base currencies including USD, EUR, GBP & AUD while the minimum capital required to open an account is 100 USD/EUR/GBP. The firm accepts various funding methods such as Credit Cards (i.e., Visa, Mastercard), Wire Transfers and E-wallets (i.e., PayPal, Skrill, Ideal).
When it comes to withdrawing funds, the timeframe & minimum withdrawal amount varies depending on the method used:
Credit Card: 2 – 7 business days & $10 minimum
Wire Transfer: 2 – 5 business days & $100 minimum (€20 within the EU)
E-wallets: Up to 24 hours & $5 minimum
There are no withdrawal fees however some banks might charge transaction fees.
The company offers one main account type: the Standard account. A Demo account with $10,000 virtual funds is also available. Additionally, clients that meet certain criteria can open an Islamic/Professional account.
Spreads & Fees
Spreads at Markets.com are considered to be competitive and vary depending on the asset class traded. The average spread for EUR/USD is 0.7 pips, for GBP/USD 1.1 pips & for USD/JPY 0.8 pips. The broker does not charge any commission on CFDs.
When an account is not used for a period of 3 months an inactivity fee of $10/month is charged.
*Crypto CFDs are not offered to retail clients in the UK
79.9% of retail accounts lose money when trading CFDs with this provider.
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