Markets.com Review
  • Commissions & Fees
  • Investment Offerings
  • Trading Platforms
  • Customer Service
  • Education and Research
  • Trustworthiness
3.7

Summary

Markets.com is a popular forex broker backed by a publicly listed company. This broker certainly has name recognition, but do they follow through? Read this review to learn if Markets.com is the right broker for you.

The modern-day Forex trading arena is a highly competitive and volatile market, and you need to be on top of your game at all times if you wish to survive in these turbulent waters.

As it turns out, Markets.com is one of the brokerage houses who successfully manages to compete with the rest. Additionally, this brokerage has won several awards for the quality of their service.

That is why we investigated all of the features and characteristics of the broker in question. Our Markets.com broker review will provide you with everything you need to know about this trading provider.

Markets.com Broker

About Markets.com

Formerly known as GFC Markets, Markets.com is a brokerage operated by Safecap Investments Ltd. Safecap is a subsidiary of a well-known gaming giant Playtech PLC – a company available on the London Stock Exchange. This layered structure of ownership tells us a lot about the integrity of Markets.com, and potential investors can be confident about the protection of their funds when they deposit their hard-earned money with such a company.

This brokerage was founded in 2006. Over the years, over 13 million trades were placed through their trading terminal, and it seems that this brokerage is not showing any signs of slowing down. The people behind Markets.com are working hard on maintaining their company’s impeccable reputation. Additionally,  the key offerings of Markets.com allow this brokerage to attract novice traders with ease.

Account Opening

You can not have a good broker house if you do not offer a wide range of trading accounts, period! Modern-day investors want to have diversified portfolios, and they also want to be able to open up accounts in a blink of an eye. That is why Markets.com is one of the leaders in the trading world, and they allow for an easy registration. Furthermore, the minimum deposit amount is just $100, which means that you can start trading in a flash.

Markets.com Account Creation

Currently, Markets.com boasts with around 5 million registered accounts. Besides the Live account, which is sometimes referred to as the Real account, this brokerage also offers the swap-free account type, i.e. the so-called Islamic account.

The process of opening up a new account is fast and convenient, and there is also a Free Demo account which can allow you to test the platform and try out your trading strategies.

However, financial regulations and legislation prohibit Markets.com to offer their trading services to citizens of USA, Japan, Canada, or Belgium.

Product Offerings

Besides having a wide range of account types, every brokerage house needs to have a plethora of instruments available for trading. As we already said, diversified portfolios are a must in today’s trading world, and that is why Markets.com offers as much as 2,200 different trading assets! This wide array of instruments allows the investors to pick and choose all day long.

For instance, Markets.com offers all of the most common types of assets, such as Indices, Forex, Stocks, and Commodities. However, they also have Cryptocurrencies on offer, which is not something you will find with every broker out there.

According to Markets.com, their most popular trading instruments are currency pairs, such as EUR/USD or GBP/USD, and commodities, which includes the likes of crude oil, natural gas, Brent oil, and so on.

Markets.com Trading Instruments

Commissions and Fees

Every trader is always on the hunt for low commissions and tight spreads, and it seems that 5 million investors see Markets.com as a one-stop-shop for all their needs. As a matter of fact, this broker house does offer competitive fees, but to be honest – they are not out of the industry standard.

Fixed or floating, spreads can facilitate the trading process, and Markets.com also provides default leverage of 1:50 on all starting positions. Maximum leverage is 1:300, and this is another element which does not provide anything outstanding in relation to the rest of the market.

In order to start trading, you will have to deposit some money, and Markets.com supports all major money-transfer methods, such as credit/debit cards, Skrill, Neteller, wire transfer, and so on.

Platforms and Tools

An effective trading terminal can play a vital part in your day-to-day trading activities, and that is why we all want to have access to a platform which will have impeccable order execution. Luckily for those who sign up with Markets.com, this brokerage offers an award-winning trading terminal.

Markets.com Trading Central

Whether you prefer the web-based or the mobile version, the proprietary software created by Markets.com is a user-friendly and convenient, to say the least. The platform, which is officially called Markets WebTrader, is packed with useful features, such as the Economic Calendar, Charting Tools, News, Trends, and so on.

Markets.com Mobile App

On the other hand, Markets.com also supports the famous MetaTrader4 trading platform. This particular piece of software is widely used in the online trading world, and millions of satisfied users will confirm that MT4 provides a highly intuitive and effective service.

Markets.com Platform

Differentiators

At the beginning of this guide, we mentioned the fact that the Forex market is a highly competitive arena, and that you need to offer something unique in order to stand out from the rest. There is no doubt that the guys who run Markets.com are fully aware of this fact, and they are looking for ways on how to differentiate their brokerage house from hundreds of others.

For instance, Markets.com supports trading with Cryptocurrencies, and this somewhat sets this broker apart from the rest. Similarly, a huge array of available assets (more than 2,000) is a noteworthy element. On the other hand, the downside could be the fact that Markets.com does not offer bonuses, but this could be related to recent changes in legislation, especially the ones imposed by CySEC.

Markets.com Customer Service

A satisfied client is the one who will come back again and again, and Markets.com seems to be investing a lot of effort in maintaining high levels of satisfaction among their customers.

Their website is available in several different languages (15 of them!), and customer support teams are available 24/5. Also, it is important to add that the teams are competent and friendly, which is a must in any line of business in today’s world.

Markets.com provides e-mail and live chat as a means of communication with their customer support. Additionally, this broker company offers a comprehensive section with tips and webinars which can help clients in solving any misunderstandings they might have when trading via Markets.com

Is Markets.com Trustworthy?

Investing your funds with an unregulated broker is a highly risky endeavor, and it is advisable to stick with those who are trustworthy and offer transparency in their operations.

For example, Markets.com is a brokerage house registered in Nicosia, Cyprus, and this broker is regulated by CySEC under the number 092/08. CySEC is a renowned and reputable watchdog when it comes to financial trading fair-play, and being regulated by this institution also means that Markets.com is in compliance with MiFID.

Also, Markets.com is regulated by the FSCA (43906), and this fact boosts the levels of safety investors will have when dealing with this particular brokerage. On top of all that, Markets.com has recently integrated SSL encryption on their website, which means that the protection of sensitive information will never come in question.

Final Thoughts

Since you will have a hard time finding a negative review about Markets.com, novice investors can be confident when depositing money with this broker. After all, Markets.com has received awards for being the best broker in 2012, and they still maintain respectable levels of service.

Pros

  • A wide array of asset types
  • Top-notch trading terminal
  • Regulated and reliable broker

Cons

  • No bonuses
  • Off-limits to investors from USA, Japan, etc.