Markets.com Review 2023: Is It Your Broker?

Markets.com Broker Review Introduction

Founded in 2008, Markets.com is a well-established online broker regulated by authoritative bodies around the world, including FSC (Global), CySEC (EU), FCA (UK), ASIC (AU), and FSCA (ZA).

Having its head office in the British Virgin Islands, Markets.com offers traders a wide range of services and products, including various CFDs such as forex, shares, commodities, indices, crypto, ETFs, bonds, blends, and IPO.

The minimum deposit to open an account with this broker is $100, and traders can benefit from the broker's competitive leverage range, which varies depending on the type of asset traded. For instance, traders can access maximum leverage of 1:20 on Forex and up to 1:2 on cryptocurrencies.

Markets.com provides its clients various platforms, such as proprietary software, MT4, and MT5. Furthermore, they also offer a demo account that enables traders to practice their trading strategies without risking real capital.

Broker Safety Details

Markets.com is a safe broker thanks to its strict regulatory oversight by multiple global authorities. The funds deposited are kept separate from their accounts and placed in top-tier banks to ensure maximum security for clients' money. Additionally, the broker uses SSL encryption technology on its website to protect users' data from cyber-attacks.

Moreover, they offer negative balance protection to prevent traders from going into debt if their account balance reaches zero or below zero. Markets.com has also implemented KYC (Know Your Customers), which requires traders to upload identification documents to verify their accounts.

Also, they've implemented AML (Anti-Money Laundering) to protect the broker and its clients from fraudulent activities. Moreover, all the payment methods are thoroughly checked and secured with a 3D secure system.

Overall, this multi-asset broker offers a secure trading environment via its regulated status, multiple regulatory bodies oversight, and advanced security measures.

Fees Information

Markets.com does not charge any deposit or withdrawal fees while making transactions. However, certain third-party charges by banks may apply to clients during deposits or withdrawals. Furthermore, Markets.com also applies an inactivity fee of $10 per month after three months of inactivity on the trader's account.

Overall, This fee structure is favorable for traders, which can be beneficial for making a large profit from trading. There are no hidden charges, making it a reliable and cost-effective choice for buyers.

Moreover, Markets.com also charge swap fees if a position is held overnight. However, these fees vary depending on the instrument or asset class being traded. Overall, Markets.com is a reliable and cost-effective online broker that offers traders a wide range of services, products, and platforms.

Spreads Fee Details

This multi-asset broker offers competitive spreads starting from 0.6 pips. Compared to other brokers, the spreads at Markets.com are pretty low, which can benefit traders as it helps them save on trading costs.

Moreover, the spreads are floating, meaning they vary depending on the market conditions. Floating spreads allow traders to benefit from more accurate pricing, and they also provide them with an opportunity to capitalize on the volatile market.

Overall, the spreads at Markets.com are competitive and provide traders with a cost-effective way to participate in the financial markets. The broker charges no commission to buyers on their trades, and this can prove to be beneficial for both long-term and short-term trading strategies.

Swap Charges Details

The broker also applies swap charges, which are interest payments or credits that traders receive or pay when they hold an open position overnight. The swap rates vary depending on the instrument or asset class that is being traded - for instance, swap charges for FX are 3.75%, indices are 3.75%, oil is 7%, shares are 11%, commodities are 7%, and natural gas is 7%.

These swap charges can benefit traders as they can capitalize on the interest rates of different asset classes. The overnight charges are competitive compared to other brokers.

On the other hand, clients can also choose swap-free accounts in which no overnight charges are applied for holding open positions. It is beneficial for Islamic traders who cannot receive overnight interest rates due to religious beliefs.

Deposit and withdrawal options

The global broker offers traders a wide range of deposit and withdrawal options. These include Visa, MasterCard, Neteller, Skrill, wire transfer, and ZotaPay. All the payment methods are secured with a 3D secure system, and transactions can be completed safely and on time.

Moreover, Makrets.com also requires clients to submit additional documents for verification purposes to protect both the broker and its clients from any fraudulent activities.

The minimum deposit amount is $100, and the minimum withdrawal amount depends on the payment method used. For debit and credit cards, it is $10, wire transfer requires a minimum withdrawal of $100, Neteller and Skrill require a minimum withdrawal of $5, and PayPal requires a minimum withdrawal of $10.

Deposits are instant when using e-wallet services such as Neteller and Skrill. However, wire transfers take up to 3 days to be completed. For withdrawals, it usually takes up to 3-5 days for the funds to be credited into traders' accounts.

Overall, they offer flexible payment options to its clients, making the deposit and withdrawal process seamless and secure. To learn more about deposit and withdrawal methods and fees, please refer to the official document on their website here.

Moreover, traders can contact the support team for further information on payment options and processes. Customer support is available 24/7, and the team can be contacted via telephone, email, or live chat.

Available Tradable Markets

This multi-asset broker offers tradable markets, including forex, shares, indices, commodities, ETFs, cryptocurrencies, bonds, and blends. Users can trade CFDs on the mentioned markets and can benefit from the competitive spreads offered by the broker.

The broker offers more than 3,000 tradable instruments on its platform, allowing traders to diversify their trading portfolio. Let's look at all the available markets in detail:

CFDs on Forex

Markets.com offers more than 60 major, minor, and exotic currency pairs for clients to trade in the forex market. The broker provides competitive spreads from 0.6 pips on EUR/USD, allowing traders to execute trades with low costs.

Moreover, the platform also provides powerful charting tools, allowing traders to easily analyze and research the markets. Some popular major currency pairs available at Markets.com include EUR/USD, GBP/USD, USD/JPY, GBP/JPY, and USD/CAD.

Additionally, traders can access multiple minor and exotic currency pairs like EUR/GBP, USD/TRY, GBP/AUD, and EUR/NZD. Users can trade CFDs on forex 24/5, taking advantage of the volatility of different currency pairs.

On forex, the available leverage is up to 1:20, allowing traders to trade with a fraction of the total cost. Currency pairing CFDs enable traders to go long or short on their positions, enabling them to capitalize on both rising and falling markets.

CFDs on Shares

Markets.com is the ideal platform for you if you want to gain exposure to stocks. The broker offers over 2000 shares from multiple major and minor markets worldwide.

Traders can benefit from tight spreads, competitive overnight swaps, leverage up to 1:10, and commission-free trading on shares. It allows buyers to diversify their trading portfolio and gain access to multiple markets all in one place.

Popular share CFDs the broker offers include Facebook, Apple, Amazon, Microsoft, Google, Walt Disney Company, Bank of America, JPMorgan Chase & Co., AT&T Inc., and Boeing Co., among many others.

CFDs on the Commodity

Users can trade CFDs on more than 20 spot and futures commodity markets, plus commodity stocks and ETFs with the same account. These include CFDs on energy markets like Oil and Gas, metals like gold and silver, and soft commodities like corn and cocoa.

The broker offers tight spreads as low as 0.5 on gold, and their CFDs on futures are continuous contracts that do not expire. It means Markets.com will automatically roll your positions to the next month's contract if you keep them open past expiry.

Commodity trading is ideal for traders looking for long-term investments and benefiting from these markets' price fluctuations. CFDs on commodities allow buyers to go short or long, allowing them to take advantage of both rising and falling markets.

CFDs on Indices

Markets.com offers multiple instruments in the indices market. It includes CFDs on the world's biggest stock markets, such as the Dow Jones 30, S&P 500, FTSE 100, DAX 30, and NASDAQ.

Traders can access multiple minor indices from different countries with the same account. The platform provides low spreads from 1pt, allowing users to execute trades at competitive costs. Additionally, users can access the indices market 24/5 and trade with leverage up to 1:10.

CFDs on Cryptocurrencies

Markets.com offers users the opportunity to trade CFDs on more than 20 different cryptocurrencies, making the broker one of the market's most comprehensive crypto trading platforms.

The broker provides tight spreads, allowing users to capitalize on the volatility of these markets with minimal costs. Cryptocurrency trading is ideal for traders looking to benefit from the high volatility of these markets without having to own them.

Some popular cryptos on the broker's platform include Bitcoin, Ethereum, Litecoin, Ripple, Dash, and Monero, among many others.

CFDs on ETFs

ETFs are financial instruments that track a given index, sector, or asset class. They are traded like stocks but offer traders exposure to multiple assets. With Markets.com, users can access more than 200 ETFs from various countries.

The broker provides tight spreads allowing users to benefit from the price fluctuations of ETFs at a minimal cost. Additionally, users can trade with leverage up to 1:5 and access the ETFs market 24/5.

CFDs on Bonds

Bonds are debt instruments issued by governments and corporations to finance their operations. Traders who want to gain exposure to the bond market can do so with Markets.com. The broker offers more than ten government bond CFDs from countries such as Germany, the United States, France, the UK, and Australia, among many others.

Traders can use tight spreads and leverage up to 1:5 on these instruments. Users can also benefit from more direct exposure to central bank decisions than they would in the Forex market.

CFDs on Blends

Markets.com allows users to trade on blends of assets such as stocks, ETFs, bonds, and commodities at once. It allows users to create diversified portfolios with a single instrument, reducing their exposure to the risk of individual assets.

The broker offers more than ten blend CFDs, including the USTECH BLEND, METAVERSE BLEND, and many others. These blend instruments allow users to take advantage of the different asset classes in one instrument without tracking each separately.

CFDs on IPO

Markets.com also allows traders to trade CFDs on newly listed shares or pre-IPO companies in the grey market. It allows users to benefit from the potential price fluctuations of these shares before they hit the public market.

The broker also offers access to the Renaissance Capital IPO ETF, which tracks the performance of newly listed companies. This allows users to benefit from the potential gains from investing in these markets without having to research each stock individually.

Leverage Details

Markets.com offers leverage of up to 1:20 on Forex instruments, 1:2 on cryptocurrencies, 1:20 on commodities, 1:10 on indices, 1:5 on bonds, 1:5 on blends, and up to 1:5 on shares. This lets users take advantage of price fluctuations with minimal capital outlay.

For example, if you trade forex with a leverage of 1:10 with $350 in your account, you can open a trade of up to $3,500. This means you are making the most of your capital and can benefit from much higher potential returns.

Overall, the broker's leverage offerings provide users with greater flexibility when trading CFDs on a range of asset classes with the broker.

However, while taking leveraged positions, it's essential to remember that losses can exceed your initial deposits, so it's necessary to understand the risks of leveraged trading before making any trades.

Negative Balance Protection (NBP)

Markets.com also offers negative balance protection (NBP). This ensures that traders will only lose their initial deposits in the event of sudden market movements or unanticipated losses.

This feature is handy for those trading with leverage, as it can help protect users from excessive losses in volatile markets. The broker also provides educational materials, including FAQs, to help traders understand the risks of leveraged trading.

Available Trading Platforms

Markets.com proprietary mobile trading app

Markets.com offers a proprietary mobile trading app for both iOS and Android users. It allows traders to access their accounts, place trades, and manage positions from their mobile devices.

The app is designed with an intuitive user interface and provides real-time market news, research, and analysis streaming. It also includes a range of risk management tools such as stop loss and take profit orders, trailing stops, hedging capabilities, and more.

Moreover, their proprietary mobile trading app also allows traders to access the free Demo account, which can be used for practicing as well as developing and testing strategies.

MetaTrader 4

Markets.com also offers the popular MetaTrader 4 (MT4) platform, one of the industry's most widely used trading platforms. This platform provides access to various advanced features, such as highly customizable charting tools, automated trading functionality, Expert Advisors (EAs), and more.

The MT4 platform also provides access to a large library of free expert advisors, indicators, and scripts from the MQL5 marketplace. This allows traders to automate their trading strategies and save time. MT4 is also available on mobile and desktop devices so buyers can access their accounts on the go.

MetaTrader 5

Markets.com also offers the MetaTrader 5 (MT5) platform, the latest version of the popular MetaTrader platform. This platform provides access to various advanced features such as in-depth market analysis, strategy back-testing, and enhanced trading strategies.

The MT5 platform provides access to an extensive library of free expert advisors, indicators, and scripts from the MQL5 marketplace. It allows traders to automate their trading strategies and save time. MT5 is also available on both mobile and desktop devices so that buyers can access their accounts on the go.

Using MT5, traders can access various asset classes, including forex, stocks, indices, commodities, bonds, and more. The platform also supports automated trading with Expert Advisors, so buyers can easily automate their trading strategies and optimize their returns.

Trading Account

This broker offers a single trading account with several funding options, including bank transfer, debit/credit card, and e-wallets. The minimum deposit required to open a trading account is $100.

Using the single trading account, traders can access various asset classes, including forex, stocks, indices, commodities, bonds, and more. In addition, buyers get a leverage of up to 1:20, allowing them to take larger positions with less capital.

The trading account also provides access to a range of advanced risk management tools, such as stop loss and more. This allows traders to minimize their losses when the markets move against them.

For those traders who want to practice their strategies before risking real money, Markets.com also offers a demo account that can be used for free. This allows buyers to practice their strategies and get used to the platform while trading with virtual funds.

How to open an account?

Follow the below steps to open a trading account

Step 1: Go to the Markets.com website and click on Sign Up.

Step 2: Enter the details, including name, email, date of birth, and country of residence.

Step 3: Select your trading account type and leverage.

Step 4: Choose your deposit mode and currency.

Step 5: Enter your initial deposit amount and click on 'Open Account.'

Contact Details

For any queries, traders can contact Markets.com on the following channels:

• Email: support@markets.com
• Phone: +44 2080 979 794
• Live Chat: 24/5 available in multiple languages.

Their customer support team is highly knowledgeable and can help traders with any queries. They typically reply to emails within 24 hours. Overall, their customer support team is professional and friendly.

Educational Resources and Trading Tools

Trading Basics

Markets.com offers a range of educational resources and tools for traders. This includes an extensive library of trading basics, such as an introduction to Forex and CFDs, trading strategies, risk management tips, and more. It's an excellent way for new buyers to learn the trading basics.

Webinars

Markets.com also offers a range of webinars by professional traders and market analysts. These educational videos help buyers understand the markets, gain more knowledge, and hone their skills.

Glossary

The broker also provides a comprehensive glossary of technical terms and concepts. It allows traders to quickly look up their meanings and find the necessary information.

Advanced Alerts Tool

For traders, Markets.com offers an advanced alerts tool that can be used to create automated notifications whenever certain price levels are reached. It allows buyers to stay on top of their trades and take action when needed.

Financial Commentary

The broker also offers a range of financial commentary from their market analysts. This includes daily, weekly, and monthly reports on the markets that help traders stay up-to-date on the latest market movements.

Analyst Research

Markets.com also offers a dedicated analyst research section that provides insights into the markets. This includes technical analysis, fundamental analysis, and market outlooks.

Markets.com in a Nutshell

Markets.com is a top-tier CFD broker that offers a single trading account with access to a wide range of assets, including forex, stocks, indices, commodities, bonds, and more. In addition, buyers get a leverage of up to 1:20 and access to advanced risk management tools.

The broker also provides a range of educational resources and trading tools, such as tutorials, webinars, glossaries, and more. Overall, Markets.com is a reliable choice for beginner and experienced traders who want to trade CFDs with a reliable broker.

FAQs

Q: What is the minimum deposit?

A: The minimum deposit is $100.

Q: What is the maximum leverage offered by them?

A: The maximum leverage offered is up to 1:20.

Q: Does it offer a demo account?

A: Yes, the broker offers a demo account with virtual cash.

Q: How do I open an account with this broker?

A: You can open an account by filling out the online registration form on the broker's website.

Q: What platform does the broker support?

A: The Broker supports a proprietary trading app, MT4, and MT5.

Q: What are the spreads at this broker?

A: The spreads start from 0.6 pips.

Q: What is the minimum trade size?

A: The minimum trade size is 0.01 lots.

Q: How to contact their customer support?

A: You can contact customer support by live chat, email, and call.

Q: Is this broker regulated?

A: Yes, it is regulated by FSC (Global), CySEC (EU), FCA (UK), ASIC (AU), and FSCA (ZA).

Q: What are the available deposit methods?

A: The deposit methods include wire transfers, credit/debit cards, wallets, and more.

Q:What are the withdrawal methods available with this broker?

A: The withdrawal methods are similar to the deposit methods, including wire transfers, credit/debit cards, wallets, and many more.

Q:Do they offer educational content?

A: Yes, they offer a wide range of educational resources, such as market updates.

Q: Can US residents open accounts at this broker?

A: No, US residents cannot open accounts with this broker.

Q: How can I change my password?

A: You can change your password by logging into your account and going to the "Profile" section. Then, click on the "Change Password" button.

Q: What account types do they offer?

A: This multi-asset broker offers a single trading account.