- Beginner Friendly
- Well established
- Well regulated
- Negative Balance Protection
- Over 2,200 instruments to trade
- No support on weekends
Marketsx (markets.com) Review
With deep knowledge, start-of-the-art technology, and dedicated support, Markets.com is regarded as a leader in the world of financial trading and offers Forex and CFD trading via their Marketsx sub-brand.
Markets.com has been around since 2008, giving access to its Forex and CFDs in a regulated manner, from their Cyprus headquarters. The operation features a nice selection of tradable assets, several trading platform options and – it holds licenses from 5 regulators.
Though the website of the brokerage is a little confusing, it is obvious from the get-go that the focus here is on trader education as well as on the provision of as varied a selection of trading tools as possible.
While Markets.com operates in 128 countries, there are some exceptions: Belgium for instance is on the “not accepted” list, together with the US, Canada, Japan and China – among others.
Markets.com has regulated entities in Europe, the UK, Australia, South Africa and BVI. Each entity is regulated by the relevant authority in its jurisdiction.
The Markets.com CySEC (EU) entity is operated by Safecap Investments Limited and is located at 148 Strovolos Avenue, 2048, Strovolos, P.O.Box 28132, Nicosia, Cyprus. Safecap Investments Limited is owned by Finalto Limited and is a subsidiary of Playtech PLC, a company traded on the London Stock Exchange’s Main Market and a constituent of the FTSE 250 index.
In the UK, Markets.com is operated by Finalto Trading Ltd and it is regulated by the Financial Conduct Authority (FCA).
As a multi-regulated Forex broker and CFD provider, Markets.com also holds licences from ASIC in Australia, the FSCA in South Africa and the BVI FSC.
Why should you make Markets.com your top CFD trading destination though?
In addition to the fact that it is well regulated, Markets.com has a few other unique selling points up its sleeves.
Site security is top-notch. The selection of financial products it offers is impressive as well, not to mention its trading platforms, among which MT4 obviously stands out.
As far as reputation goes, the brokerage is in a pretty good place. Besides mostly positive user feedback, it has also racked up a couple of prestigious industry awards, such as the Best Broker in Customer Service Europe 2012, and the Best Customer Service 2012 award. In 2020 FX Scouts awarded Markets.com ‘Best Trading Platform’
If you’re looking for bonuses, Markets.com. is not your destination. It is against the law for brokers to offer such deals, and the brokerage is indeed keen on compliance.
The Markets.com demo account is free, and – unlike the demo options of most other brokers – unlimited. Leverage trading is possible as well, and *cryptocurrency CFDs are supported. One does not need a wallet to trade these financial derivatives.
*Crypto-based derivatives are not offered to retail clients that reside in the United Kingdom.
The spreads are said to be tight and execution speedy at the broker – we’ll take a closer look at that below.
Marketsx Trading Instruments
Shares are the most prolific trading instruments offered by the brokerage. No fewer than 2,000 of them are available, covering stock CFDs from many global markets. For stock CFDs, a small commission is charged on each side of the trade and the maximum leverage depends upon which Markets.com entity your account is held with.
As far as Forex is concerned, some 67 tradable currency pairs are available. The maximum leverage is much bigger on Forex too: 1:30 for EU, UK and Australian clients and up to 1:300 for the rest of the world. The spreads – advertised as very low – are 0.6 pips variable, for popular pairs such as the EUR/USD and the GBP/USD. Considering that there are no fees or commissions attached to these spreads, they do indeed make the trading conditions quite attractive. All the featured Forex pairs are available through the unlimited demo account.
The crypto CFD asset-selection is very impressive too. At Markets.com traders have access to 25 Crypto CFDs. There’s BTC, LTC, XRP, ETH and Dash on offer. It is important to remember that these are just CFDs: one will never get to actually own any cryptocurrencies when trading these derivatives. Exposure on crypto-based CFDs is limited to $2k per position.
40 indices are available for trading including primary, cash and futures. There are no commissions or fees charged on these assets.
ETFs are available with competitive spreads too. Over 60 ETFs are featured in this asset-category.
To all the above, the brokerage adds more than 28 commodities (some of them quite exotic and interesting indeed).
To top everything off, Marketsx also features so called “blends”. These blends are made up of various shares, compiled into a thematic basket of sorts. The broker has its own recipe in regards to the creation of these baskets, a recipe which is available on the official site.
Information on spreads and the maximum leverage available for each instrument can be found on the Markets.com website.
Currently, there are three account types available at Markets.com, one of which is the above-mentioned Demo account.
The Demo account is really simple: it offers access to all the tradable assets featured by the broker, but only virtual money trading can be done through it.
Those wishing to trade for real money will be able to do so through the Real Account. The minimum required deposit for this one is only $100, so it is indeed very accessible.
The third account-type is the Islamic Trading account, which is Sharia-compliant, and which features interest-free trading.
The interesting thing about the account selection is that every one of the above described account types comes with daily market analysis, webinars, full customer support and even dedicated account managers.
The Marketsx proprietary platform is the go-to platform for trading forex and CFDs at Markets.com. Besides being surprisingly powerful charting and analysis-wise, this multi-asset web-based platform is also available in mobile versions, for Android- as well as iOS-based devices.
Scores of technical indicators are included in the Marketsx package and there are many unique features too. Real-time news feeds are also delivered for those keen on trading the fundamentals in combination with technical analysis.
MT4 and MT5 are also part of the Markets.com platform offering. The world’s most popular (and arguably: best) trading platform MT4, hardly needs an introduction. It offers superb charting and analysis, with scores of technical indicators pre-installed in the freely downloadable version. Traders are free to add additional indicators and those so inclined, can even code their own.
MT4’s favorite feature is its support for EAs and for EA creation. EAs work best when coupled with a proper VPS service.
As an upgrade to MT4, MT5 is a powerful trading platform with many advanced features and analytical tools. Both MetaTrader 4 and MetaTrader5 platforms can be accessed directly from your web browser and via a download to your PC or preferred mobile device.
Markets.com support a fairly standard range of deposit options. Among these, Bank Wires and Credit and Debit Cards stand out. In addition to those, Neteller, Skrill and PayPal are also supported.(Subject to availability in your region)
Withdrawals are only processed through the same method through which traders made their deposits. Funds are usually credited within 7 business days and the timeframe does largely depend on the payment method. Withdrawals to E-wallets can be credited in as little as 24 hours.
Markets.com proudly offers unparalleled customer support in over 10 languages and new ones may indeed be added soon. In addition to an exhaustive FAQ section, which deals effectively with the most frequent problems, live chat and email support is also available, on a 24/5 basis.
The Bottom Line
Everything considered, Markets.com is a decent trading destination, featuring relatively attractive trading conditions and great trading platforms. On the downside, the broker offers no support over the weekends.
Risk Warning: 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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