This is the review of Markets.com that we have done in early April 2018.
Don’t sign up before you read my Markets.com review
- Very fast trade execution
- Stable trading platform
- 50+ currency pairs
- Low minimum deposit ($100)
- Metatrader 4 (integration with EA Expert Advisor)
- Good reputation among forex traders
- High quality trading webinars
- Free demo account
*Your Capital is at risk.
- No VPS available
- Not available for USA traders
Markets.com is a subsidiary of Cyprus-based SafeCap Ltd., company focused on financial services.
Customers have the choice between fixed and variable spreads with this broker: A unique option, which is hardly available anywhere else on the market.
What else has the company to offer?
We are convinced that there is a lot that can persuade traders to open an account.
Markets.com is a highly successful company, which has collected over the years numerous awards as one of the best performersin Forex and CFD trading. Markets.com is active worldwide, their platform is in 15 languages with customer support in 7 different languages. Founded in 2008, the company is convincing especially in terms of its regulation: the countless awards are another proof of the credibility. New customers can rely on cutting-the-edge training courses. These can be classified as high above average in combination with the flow of information in relation to economic data. Webinars offer the best possible entry into the trade in leveraged products.
How to start trading with Markets.com ?
To be able to trade on Markets.com, investors must start with a minimum deposit of € 100 or 100 USD in their trading account, which should not be a major hurdle, even for newbies with small capital.
However, the high spreads of 1.7 pips on EUR / USD and many other currency pairs may have a negative impact when trading on the Markets.com platforms at a maximum leverage of 1: 200 (for worldwide clients) or just 1:30 for European Union residents.
Spreads for trading CFDs are also not much lower at Markets.com: DAX30 can be traded at a spread of 2 pips to a maximum leverage of 50: 1.E.g. trade of stock CFDs like that of Apple Inc is possible at a spread of $ 0.10, but here the maximum lever of 1:20 is much lower than currencies or indices. Traders can get a detailed overview of all costs on the broker’s website. Terms of the CFD or Forex trading can be viewed in the CFD or Forex trading terms. This speaks for transparence of the company with applicable fees, which are mostly seen as positive.
Markets.com also offers customers a free and non-binding demo account, which can be opened independently of a live account without additional fees. Such a demo account is an interesting feature for newcomers and professionals.
Bonuses provided by Markets.com
Unfortunately, other customers of Markets.com can not benefit from a Deposit Bonus. For those who don´t want to give up the benefit, will find such bonus at XM.COM broker .
Markets.com trading instruments
Except of CFD trading there are more than 50 currency pairs, more than 2200 underlying commodities, equities, indices and bonds, which is a variety that is not often seenon the market. A generous offering provides for every customer a comprehensive Markets.com experience. Trading takes place either via the well-known platform MetaTrader 4 or via the in-house platform Webtrader and of course mobile trading apps for both Android and iOS.
Markets.com trading platforms
New customers can rely on user-friendly trading platforms. At Markets.com, clients have access to a variety of trading platforms that promise easy-to-use trading: The popular MetaTrader4, with a professional interface and a variety of indicators and charting tools. Secondly, the successful WebTrader offers several advantages: Traders can trade from any PC with Internet access and don´t have to be afraid of viruses or Trojans because the Markets WebTrader needs not to be downloaded from the company’s website. For trading ´´on-the-go´´, Market.com mobile trading apps make it easy for smart phone and tablet users to trade with iOS or Android devices. Moreover, the MetaTrader 4 allows the client to manage multiple trading accounts simultaneously.
How to open Markets.com trading account
To trade through Markets.com, new customers must first open a new trading account that requires some personal information – but with our helpful step-by-step instructions, this should not be a problem.
If you have any questions or problems, the customer support is always at your disposal with a competent contact person. The support can be reached by phone, e-mail or live chat. Opening of an account at Markets.com is completed in three short steps:
The account information
In order to open a trading account with Markets.com, investors must first select the option “Open Live Account” on the left side of the website. This will lead to an online form that requires some account information, such as: name, email address, and preferred password.
At this point, the new customer must add further contact information, which primarily includes the address. Also, the desired account currency must be selected here.The customer will provide further information on his trading experience, based on which the broker determines whether the customer is already up to the stock exchange trading.
Last but not least, by clicking on the broker’s mail sent after completing the online form, the customer confirms the account details and can now make the first deposit to the trading account. Then finally the first positions can be opened. This is done either by bank transfer, credit card or WebMoney. However, before the customer can withdraw their profit, the account has to be verified. It requires sending of a copy of the ID card and possibly a copy of one credit card.
*Your Capital is at risk.
How to make a deposit?
In order to trade successfully, traders must rely on the fastest, most cost-effective, and easy-to-use transaction methods that can facilitate and accelerate their deposit into the trading account. At Markets.com, the customer has several deposit methods available, including convenient online payment services that allow quick and low-cost deposit. If the investor needs further information about deposits, our 3 tips may come useful.
Tip 1: Note the transaction fees!
Traders benefit from the fact that Markets.com itself does not charge transaction fees. But!- This does not necessarily applies to banks, credit card companies or online payment services. Therefore, consult with a responsible customer service representative in to inform yourself about any transaction fees and to avoid any negative surprises.
Tip 2: Send your transfer to the right bank!
To find out to whom customers should address their electronic bank transfer, they may use an information leaflet from the company, which can be found on the Markets.com website.
Tip 3: Choose the best deposit method!
Although this tip sounds pretty simple, investors should still think carefully about which transaction method is most worthwhile before making their deposit. Bank transfers usually take a few days longer, but are usually free of charge – in contrast to credit card payments, which are completed quickly, but sometimes require quite high fees. Take into considerationboth options, and decide on the correct deposit method.
Markets.com review conclusion – Rating 9,8 out of 10
Of course, Markets.com has also been able to receive one or another award from both experienced and satisfied customers throughout its existence. In particular, in 2012, Markets.com received numerous awards, including the Best Customer Service from London Investor Show Forex and the Best Broker in Customer Service Europe 2012 awards from Global Banking & Finance Review. Should Markets.com be able to maintain its level in the future and further expand its offer, this should not have been the last awards for the Company.