Sign In with Google
Sign In with Facebook
An Introduction to Markets.com
Markets.com, a pillar of the Finalto Group and part of Playtech PLC listed on the London Stock Exchange, is a robust online trading platform, appreciated by traders worldwide for its diverse account options and functionalities. It has a significant presence in global markets, with operations in Europe, South Africa, Australia, and the UK among others, but it currently does not offer services in the USA, Canada, Japan, Singapore, and Belgium. Over the years, Markets.com has carved a niche for itself in the trading world, bagging awards like Best Forex Trading Platform and Best Forex Provider at the 2017 UK Forex Awards, and Best Trading Platform 2020 at FX Scouts.
Markets.com: Product and Services Overview
True to its name, Markets.com offers an extensive array of financial markets and a large selection of tradable assets. The platform allows traders to choose from over 2200 assets that include currency pairs, precious metals, global shares, bonds, ETFs, cryptocurrencies, and unique blends like the trade war blend and Warren Buffett blend.
Built on a robust, proprietary, user-friendly trading platform (Web Trader), Markets.com also supports MetaTrader 4 and 5. It offers low spreads (starting from 0.6pips), leverage ranging from 1:30 to 1:300 depending on account type and jurisdiction, and potent trading tools.
However, please note that CFDs trading can be risky. According to data, 67% of retail investor accounts lose money when trading CFDs with Markets.com. It is essential to understand how CFDs work and assess whether you can bear the high risk of losing your money.
Pros and Cons of Markets.com
Pros
- Regulated by five authorities, including ASIC, CySEC, and the FCA.
- Offers more than 2200 tradable assets.
- Comprehensive and useful investor education tools.
- Commission-free trades and competitive spreads.
- Exceptional customer service and expert trading assistance.
Cons
- The proprietary trading platform might be too basic for advanced traders.
- Services unavailable in certain countries including the US, Canada, Japan, and Singapore.
- Customer support is not available during the weekends.
Who Should Use Markets.com?
Markets.com caters to a wide variety of traders, from beginners to seasoned professionals. The platform's tools and analysis section is filled with numerous helpful resources like financial news, analysis reports, market updates, and bloggers’ opinion summaries. It includes basic and advanced charting, market signals, and full commentary from the Markets.com trading advisory team.
The platform is regulated by five financial jurisdictions, including two tier-1 regulators, ensuring client funds segregation and varying investor compensation across respective regulators. It offers leverage limits varying by asset class and jurisdiction, with the highest ratios for forex. Investor compensation protection and leverage limits are exceptional features of Markets.com’s offering.
Features of Markets.com
The salient features of Markets.com include:
- Low Spreads and Zero Commissions
- Access to Investor Education and Insightful Strategies
- Exceptional Customer Service
- Over 2200 Tradable Assets
- Effective Decision-Making Tools
Markets.com: Compliance & Regulation
Markets.com is regulated by five different financial jurisdictions, offering several compliance and investor compensation offerings. It includes entities like the Cyprus Securities and Exchange Commission (Cyprus), Financial Sector Conduct Authority (South Africa), Financial Conduct Authority FCA (UK), British Virgin Islands Financial Services Commission BVI FSC, and Australian Securities and Investments Commission ASIC (Australia).
Markets.com: Pricing and Costs
Markets.com primarily charges variable spreads on each tradable asset and doesn
't impose any commission on trades. It doesn't levy deposit or withdrawal fees and also promises to reimburse customers for any bank charges or external transaction fees incurred for deposits over $2500.
The minimum deposit required to activate a trading account is 100 GBP/EUR/USD or its equivalent in one of the local currencies supported by Markets.com. Minimum withdrawal amounts vary by payment type, starting from 5 USD/EUR/GBP for Neteller and Skrill and reaching 100 GBP/EUR/USD for wire transfers in all regions except the EU where the minimum is 20 GBP/EUR/USD. It is noteworthy that Markets.com mandates the use of the same payment method for deposits and withdrawals in line with anti-money laundering and Know Your Customer best practices.
Reliability & Security at Markets.com
Markets.com prides itself on providing a solid and reliable technological infrastructure for swift and effortless trades. As a part of Playtech, a FTSE 250-listed tech company, it ensures rapid trade execution, minimal downtime, and a feature-rich, high-performance website and online trading platform.
Both its proprietary trading platform and MetaTrader support come equipped with a variety of investment analysis tools, indicators, and signals, assisting traders in making the best possible trading decisions. Both platforms offer a wide array of charting tools for technical analysis and user-friendly buy/sell functionalities. They also allow easy setting of Stop Loss orders and other automated trading features.
User Experience on Markets.com
Markets.com places a high priority on customer service and user experience. The account registration process is straightforward and offers options for both demo and live accounts. The demo account is particularly beneficial for new traders as it has fewer verification steps for setup.
Once the account is created, traders can utilize Markets.com's extensive investor education library to stay updated with the latest market trends and price movements. The information is easy to access, visually appealing, and provides traders with market news, technical analysis, and charting tools.
The overall user experience on Markets.com is smooth and reliable. The platform's stability, ease of navigation, and responsive customer service complement each other perfectly.
Conclusion: The Final Word on Markets.com
Markets.com stands out in the crowded online brokerage space with its zero commissions, competitive spreads, transparent pricing structure, and extensive selection of tradable assets. Its diverse trading jurisdictions add an extra layer of confidence for traders. From the uncomplicated setup process to the easy-to-use trading platform and the variety of educational and analysis tools, Markets.com is a platform that prioritizes the convenience and experience of its traders.
