CySEC
No
$100
200:1
Market Web Trader , Mobile trading , Markets
4.04/5

Markets.com - Review

Markets.com Video Review:

 

 

markets-screenshot-review

Markets.com is an online forex and CFDs trading platform that is owned and managed by Safecap Investment Ltd, a subsidiary of a London Stock Exchange listed company called Playtech Plc. The operation of the trading platform is regulated by the Cyprus Securities Exchange Commission (CySEC) under the CIF license #092/08. It is also an authorized financial services provider under the South African Financial Services Board (FSB) with the license #43906. Markets.com today is one of the fastest growing brokers in the world. Its growth is largely attributed to the ability of the broker to offer seamless trading across more than 300 different types of assets and commission free trading on CFDs.

 

Trading Platforms

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To provide their traders with trading access to the financial markets, Markets.com has made available 4 main types of trading platforms namely the MetaTrader 4 (MT4), Sirix WebTrader, Markets Mobile Trader and Markets MultiTerminal.

 

  • MetaTrader 4 (MT4)

One of the most popular and advanced trading platforms available in the industry, the MT4 is user friendly and comes integrated with a wide range of trading tools. It is also customizable to suit the individuals trading needs.

  • Sirix WebTrader

A web based trading platform, the Sirix WebTrader can be accessed with most web browsers and is cross platform compatible. It comes with several trading features which help to enhance the trading ability of traders.

 

  • Markets Mobile Trader

This platform is designed specifically for who wish to trade the markets with their mobile devices. While the platform might not have all the advanced trading features found on the Sirix and MT4 platforms, it has enough capability to extend the trading reach of traders from anywhere in the world.

 

  • MultiTerminal Platform

The MultiTerminal platform is a platform that is geared towards money managers who have to manage several trading accounts simultaneously. This platform offers execution modes which can be predefined and set across several accounts with just a single click of the mouse. Primarily, it helps money managers to streamline the accounts management process.

 

Account Types

At Markets.com, there are more trading account choices than those found in a typical broker. Opening a live trading account is also very affordable with the minimum deposit requirement starting from $100. For those who opt for a Standard trading account, the minimum deposit requirement is $2500. And for those who deposit $20,000 and above, they will be eligible for the benefits of a VIP trader. The average leverage on Markets.com trading accounts is 200:1.

 

Commission & Spreads

The spreads at Markets.com are fixed and the minimum spreads for major currency pairs such as the EUR/USD start from 1.7 pips. For shares CFDs, the spread is as low as 10 cents. No other fees or commission are charged for trades made at Markets.com

 

Customer Support

To ensure that their traders can get assistance whenever they require help, Markets.com has made their customer support services available on a 24/5 basis. The support services are also available in more than 25 different languages with localized telephone support numbers provided as well. In addition to telephone support, traders can also contact the support team using email or live chat.

 

Pros

  • Bonuses are available
  • Localized Support Available
  • More than 300 different types of trading assets
  • Multi-lingual support
  • Multiple types of trading platforms

 

Cons

  • No ECN Trading
  • No variable spreads
  • Restricted Jurisdictions include Japan, Canada, Belgium and USA
  • Spreads higher than average

 

Conclusion

Considered a young broker in the mature forex trading industry, Markets.com has still managed to leave the impression that it is a solid and stable broker. With their flexible account opening requirements, the broker is an ideal choice for new traders who are just starting out trading the forex market. On the education side, they have sufficient materials to give new traders a basic understanding of how to trade the markets. If you are in the market for a new forex broker, then Markets.com is definitely worth checking out.  

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