- Beginner Friendly
- Well established
- Leverage 1:300
- No support on weekends
Markets.com has been around since 2008, peddling its Forex and CFD deals in a regulated manner, straight out of Cyprus. The operation features a nice selection of tradable assets, several trading platform options and – as already mentioned above – it is regulated in two jurisdictions.
Though the website of the brokerage is indeed a little confusing and convoluted, 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 the operator allows traffic from most of the countries in the EEA (European Economic Area), there are some exceptions: Belgium for instance is on the “not accepted” list, together with the US, Canada, Japan and China – among others.
The corporate entity behind the Markets.com brand is Safecap Investments Ltd. The company is based at 148 Strovolos Avenue, 2048 Strovolos, P.O.Box 28132, Nicosia, Cyprus. While the brand is indeed used by Safecap, its true owner is TradeTech Markets Limited. Both companies are subsidiaries of PlayTech PLC, one of the biggest and best known brands of the online gaming scene. It is listed on the London Stock Exchange and it is a FTSE 50 Index constituent.
As already mentioned, Safecap Investments Ltd. is licensed in multiple jurisdictions. One of its licenses has been issued by the Cyprus Securities and Exchange Commission (CySEC), back in 2008, so it is safe to say that Markets.com have never operated in an unlicensed manner. The number of this CySEC license is 092.
In addition to the above said license, which gives them the right to legally peddle their services within most of the EU, Markets.com are also the possessors of a South African license, issued by the top financial regulator of that country, the Financial Services Board (FSB). The number of this FSB license is 43906.
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.
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.
The spreads are said to be tight and execution speedy at the broker – we’ll take a closer look at that below.
Markets.com Trading Instruments
Shares are the most prolific trading instruments offered by the brokerage. No fewer than 2,000 of them are available, covering 12 major markets. There are no commissions on shares and the maximum available leverage is 1:10.
As far as Forex is concerned, some 50 tradable currency pairs are available. The maximum leverage is much bigger on Forex too: 1:300. The spreads – advertised as very low – are 2 pips fixed, for popular pairs such as the EUR/USD and the GBP/USD. Considering that there are no fees or commissions attached to these fixed 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. 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.
Some 25 major indices are also available for trading. The maximum available leverage on these assets is 1:150. There are no commissions or fees charged on these assets either.
ETFs are available with competitive spreads too. Over 30 ETFs are featured in this asset-category and the maximum available leverage on them is 1:100.
To all the above, the brokerage adds more than 15 commodities (some of them quite exotic and interesting indeed), on which the available leverage is 1:200.
To top everything off, Markets.com 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.
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 go-to trading platform of Market.com is a proprietary web trader. besides being surprisingly powerful charting and analysis-wise, this platform is also available in mobile versions, for Android- as well as iOS-based devices.
Scores of technical indicators are included in the Markets.com package and there is a unique feature called a trading cube too. Real-time news feeds are also delivered for those keen on trading the fundamentals in combination with technical analysis.
MT4 is also part of the Markets.com platform offer. The world’s most popular (and arguably: best) trading platform 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.
Markets.com support a fairly standard range of deposit options. Among these, Bank Wires and Credit Cards stand out. In addition to those, Neteller, Skrill and Webmoney are also supported.
Withdrawals are only processed through the same method through which traders made their deposits. Withdrawal processing time is 5-7 days.
Markets.com is available in some 15 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.
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