Regulation: CySec, MiFID, FSA Accepts US Clients: No Min. Deposit: $100 Leverage: 200:1 Platforms: MetaTrader4, Market Trader, Market Web Trader, Market Java Trader, Mobile Applications, ActForex  Overall Rating: 4.3 / 5   (Based on 14 User Reviews)
 

Markets.com Review

 

Markets.com Video Review:

Visit Markets.com’s Official Site

 

When reviewing an online Forex broker, first impressions count immensely. It is for this reason that many Forex brokers invest substantial time and effort to ensure that their clients goes away with a positive user experience with their trading platforms. Forex brokers who fail in this department are usually ‘bucket shops’ that can be more interested in scamming their clients or in taking the first deposit and not retaining the client. As a provider of online infrastructures for trading in financial instruments, Markets.com’s website is well designed and is user friendly as well as intuitive. In addition, what separates Markets.com’s trading platform from the rest of the pack is the ability for a trader to select between dynamic (floating) or fixed spreads. This Forex broker leaves this critical step to the trader to decide.

Trading Platforms

When it comes to flexibility, Markets.com tops the scale with their offerings of 8 unique platforms:

1. Meta Trader 4

Markets.com Review

This is the Forex industry’s most popular software. With this powerful platform, traders can take advantage of the various sophisticated tools to execute their trades. In addition, Meta Trader 4 offers traders the ability to custom tailored their Expert Advisors (EA) to this platform.

2. MarketTrader

This downloadable, Windows based trading platform offers a powerful set of sophisticated trading tools that is easy to install and use.

3. Market WebTrader

The Market WebTrader allows traders to gain access to the Forex market with a wide array of trading tools using any computer at hand. No software download is required in order to access the Market WebTrader trading platform.

4. Market Java Trader

With Market Java Trader, there is no requirement to download or install any software since the trading platform is web based. All the features found on the MarketTrader are also available with the Market Java Trader.

5. Market Mobile Trader

Using the Market Mobile Trader, traders have genuine mobility since they can now trade through their mobile phones. The Market Mobile Trader is a mobile friendly web application that is accessible through any browser that is able to support HTML 5.

6. Market WAP Trader

Not everyone possesses the latest model of mobile phones. However, with Market WAP Trader, you can still trade with a dated mobile phone as long as it supports WAP applications.

7. Market iTrader

With Market iTrader, iPhone users now can also trade the Forex market with their Apple iPhone.

8. Market AutoTrader

Through the Market Autotrader, traders now have the ability to peruse strategies proven to work. Once the strategy has been selected, the Market Autotrader will automatically emulate it as part of your trading strategy. 

Visit Markets.com’s Official Site

 

Types of Trading Accounts

With Markets.com, traders have 3 types of account which they can trade from:

  • Mini Account
  • Standard Account
  • VIP Account

 

With a mini account, traders receive a welcome bonus of a maximum of $250. An initial deposit of at least $100 is needed to open a mini account. With a standard account, traders need to make an initial deposit of at least $2500. The welcome bonus for a standard account is also considerably higher with a maximum of $2000. VIP account traders are required to make an initial deposit of $20,000. This type of account also gets to receive free news update as well as free FX signals.

Commissions and Spreads

Markets.com fixed spreads starts from as low as 3 pips for the major currency. However, with Markets.com, traders also have the option to trade with floating spreads. This is done by simply requesting the Account Manager to switch from a fixed spread status (default) to a floating spread status.

Customer Service

With regards to customer service, Markets.com also stands out with the way they approach this. Multiple language support is available and they offer 25 local phone numbers for their clients.

 

Visit Markets.com’s Official Site

 

They also channel email support into several compartmentalized departments: Customer Support, Customer Relations, Finance, General Inquires, Marketing, Trading Desk, Compliance Department.

The above mentioned are in addition to live chat and fax support. As for their education center, Markets.com also separate the tutorials out for novices and professional. The various Forex topics are comprehensively covered in a very simple and concise manner making it easy to grasp the key points. 

Reliability

In terms of reliability, Markets.com adopt various technical safeguards to ensure the safety of their clients’ money. In addition to firewalls, Markets.com also uses SSL technology to safeguard the confidentiality of their clients’ account details.

Not only are the technical safeguards in place, Markets.com also goes several steps further in ensuring that the regulatory safeguards are in place by subjecting themselves to the strict requirements imposed by the FSA (UK) and CYSec (Cyprus) in line with the standards for the European Union (EU).

Pros:

To recap, Markets.com offers several distinct plus points over the majority of Forex brokers in the industry by:

  • Requiring low initial deposit of just $100
  • Regulated by the FSA in the UK & CySec in Cyprus
  • Offering several versatile trading platforms
  • Offering High welcome bonus up to $2,000
  • Having a practice account option

 

Cons:

Although several funding options are available, it is surprising that Markets.com does not provide any funding option for Paypal.

Conclusion

Without a doubt by being properly regulated by the FSA and Cysec, Markets.com has managed to settle the main question of legitimacy. This is something which many online Forex brokers fail to achieve. Without being properly regulated, many traders are wary of depositing their hard earned funds with a broker based solely on the broker’s claims of being honest. With Markets.com, none of these issues arise as there are regulatory safeguards in place to ensure the safety of the trader’s money. 

Ready to start trading with Markets.com? Get your up to $2,000 for first deposit bonus Here!

Markets.com User Reviews


Markets is the place for me

I have tried everywhere. SO many places gave me such a hard time. Markets.com is the opposite. They have a live chat, answered my questions, let me earn money and withdraw it.



Pros:Only $50 required to open an account Live chat for assistance Wide variety of options for dealing and trading

Cons: None. They are great.

Ease of Access
 
5
Platform Performance
 
5
Reliability
 
5
Customer Support
 
4
Payouts Percentage
 
5
4.8
 

Markets.com’s mobile platforms are good

There are several factors which make me like Markets.com over their competitors. I travel a lot. I’m on the go almost year round. I can still trade well with Java and Mobile Traders.



Pros:Java Trader GFX Mobile Trader Orders via phone

Cons: No PayPal deposits No indices

Ease of Access
 
5
Platform Performance
 
5
Reliability
 
5
Customer Support
 
5
Payouts Percentage
 
4
4.8
 

Markets.com

I just became old enough to trade Forex. I opened my demo account and then went right to real money trades. I made lots of money with high leverage. 1:200 is so cool!



Pros:1:200!!! Lots of pairs to trade Good rates

Cons: MT4 is hard to understand

Ease of Access
 
5
Platform Performance
 
4
Reliability
 
5
Customer Support
 
5
Payouts Percentage
 
5
4.8
 

Markets.com, Review by Luc

I am very happy using Markets.com’s 200:1 leverage to trade Forex. My internet connection is unreliable and I often trade by phone. I am completely satisfied.



Pros:Trades by phone 200:1 leverage Many different platforms to pick from

Cons: They do not accept PayPal

Ease of Access
 
5
Platform Performance
 
5
Reliability
 
5
Customer Support
 
4
Payouts Percentage
 
4
4.6
 

Markets.com, from a professional Day Trader

I trade all day long. Mostly I scalp and I like that Markets doesn’t give me problems with that. Even when I’m on the go, I can keep up with my portfolio with their different Web andMobileplatforms.



Pros:Trailing Stops Mobile Alerts Web Trader and Mobile Trader

Cons: No hedging

Ease of Access
 
5
Platform Performance
 
5
Reliability
 
5
Customer Support
 
4
Payouts Percentage
 
4
4.6
 
See all 14 user reviews

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