Markets.com ReviewCategory: Reviews | Author: Trading Brokers | Date: November 17, 2022
Markets.com is an established and regulated broker that provides you with a large range of trading instruments across different markets. You can trade assets via award-winning trading platforms for your desktop and mobile devices. The platforms are user-friendly and packed with all of the tools you need for analysing charts and managing your trades. They even give you access to some advanced trading tools at no extra cost. I was really impressed with the brokers trading conditions. You will find that they have very tight spreads, low commission fees and fast execution speeds at the best prices. There is a reasonable minimum deposit of just $100 to get started whilst you can fund your account using a good variety of convenient payment options. If you are a beginner then you will enjoy the trading guides and videos which can help you along your trading journey. There is even the option of a free demo trading account if you want to practice trading online before making a financial commitment.
Pros & Cons
- Powerful and user-friendly trading platforms for all devices
- Large range of trading instruments to choose from
- Tight spreads and fast execution speeds
- Commission free forex trading
- Various convenient account funding options
- No deposit or withdrawal fees
- Advanced trading tools for in-depth market analysis
- Demo trading accounts to practice with
- Islamic swap-free accounts for Muslim traders
- Broker is regulated by multiple regulators
- 24/5 customer support always on hand to help
- Cannot accept clients from certain countries due to regulations
- Some services are restricted in some countries due to regulators
- Minimum $/£/€100 deposit not the lowest
- Inactivity fee after 90 days of inactivity
- No managed account solutions
- No crypto funding options at the moment
Markets.com is a regulated global provider of Forex and CFDs that offers a great choice of over 2,200 trading assets to trade with tight spreads from just 0 pips on advanced and user-friendly trading platforms. They provide thousands of real-time quotes to over 5 million registered accounts with hundreds of billions in annual trading volume processed via their powerful trading technologies. Through their powerful yet intuitive web and mobile platforms, traders have access to a large selection of assets such as Forex, Commodities, Shares and Indices. You can also benefit from personalised training, dedicated customer support in multiple languages and a wide range of advanced analysis tools to help you find the right trading signals according to your strategies. The broker has won numerous awards over the years which is a testament to the quality of their services. I have been with them for many years now and have yet to run into any problems.
The Markets.com group includes multiple regulated companies for their global offering. The group has offices in Europe, the UK, Australia and South Africa. Each office is regulated by the relevant authority in their jurisdiction. This regulation across multiple jurisdictions means that they must follow strict regulatory and compliance rules in each and every aspect of their operations including financial reporting, client asset management, segregation of client funds and more. The sheer size and scale of the broker allows them to provide a more relevant offering that reflects where in the world a trader is located, including local regulations. I can trade with them in confidence knowing that they are one of the most well-regulated brokers available. If this is also important to you, IG are another broker regulated in multiple jurisdictions.
- Markets.com AU is located in Australia and regulated by the Australian Securities and Investments Commission (ASIC)
- Markets.com CY is located in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC)
- Markets.com SA is located in South Africa and regulated by the Financial Sector Conduct Authority (FSCA)
- Markets.com UK is authorised and regulated by the Financial Conduct Authority (FCA)
- The global entity is also regulated by the B.V.I Financial Services Commission (BVI FSC)
In Europe under its CySEC regulated entity, Markets.com is operated by one of the world’s fastest growing Forex and CFD brokers, Safecap. Safecap is owned by Finalto Limited and is a subsidiary of Playtech PLC which is traded on the London Stock Exchange’s Main Market and is a constituent of the FTSE 250 Index.
Markets.com client funds are held in segregated bank accounts which ensures that these funds cannot be used for any other purpose. Traders also benefit from negative balance protection.
The broker can accept clients from most countries excluding residents of certain jurisdictions including Japan, Canada, Belgium, Israel, New Zealand, Russia, Hong Kong and the USA. For a complete list of countries that they are unable to provide services to, please see the “Investment Services Agreement” which is available on the brokers website. If your country is not accepted, please feel free to have a look at our broker reviews for an alternative option.
You can trade online with Markets.com award-winning trading platform that includes an abundance of features which can be customised to individual needs. Features are created using proprietary algorithms unique to Markets.com, including a shortlist for your favourite trading instruments, multiple chart views and advanced trading tools.
I like how the platform has a range of fundamental, technical and sentiment tools, including an advanced charting package and breaking news and commentary. The brokers proprietary technology executes trades in a flash, whilst a suite of powerful risk management tools including eight different types of market alerts can help you to protect your capital.
The platform is fully responsive and available on web and mobile (iPhone / iPad / Android / Tablet). As it’s web-based, the platform does not require a download and can be accessed from almost any computer that has access to the internet. I find that the mobile platform is useful if you wish to analyse the markets and manage trades on the go.
Getting started is easy with a short online sign up form to complete in order to get access to the platform and start trading on a demo or real trading account.
Markets.com Trading Platform
Markets.com provide their proprietary multi-asset trading platform for use online with many features and customisation abilities. I really enjoyed using this platform and was able to do everything from analysing charts to placing and managing trades with relative ease. The only thing to keep in mind is that if you switch brokers down the line, then you will need to learn a new platform from scratch as this platform is exclusive to this broker.
Interactive User Interface
The platform has a responsive user-friendly interface for an enjoyable trading experience. Each feature can be accessed directly from the platform in just a few clicks.
Advanced Trading Tools
Through the platform you can choose multi-chart view which gives advanced charting with innovative analysis tools and free real-time quotes, directly within the platform. You can use the vast selection of technical analysis tools to scan the charts for potential trading opportunities.
Free Demo Account
If you wish to trial the platform and trading conditions, the broker has free unlimited demo accounts for you to practice on.
Risk Management Tools
There are a range of advanced risk management tools incorporated within the platform so you can manage your trades by easily placing stop losses, take profits and more.
This award-winning trading platform comes with excellent customer support that are on hand to assist you with your questions and technical issues via phone, email or live chat throughout the trading week.
Markets.com Mobile App
In addition to the browser based platform, the broker also let you trade via an innovative mobile app that has many of the same features and is developed in-house. The Markets.com for mobile app is available for all Android / iOS smartphones and tablets. This user-friendly mobile trading app allows you to trade on the go whilst still having access to a range of dynamic tools and the latest trading technology. The app is available by completing the short sign up form on the Markets.com website or via the App Store and Google Play.
Built primarily with forex trading in mind, the MetaTrader 4 (MT4) platform remains one of the most popular and easy-to-use trading platforms. Used by millions of traders all over the globe, MT4 has an abundance of features and functionalities to help ensure a smooth and enjoyable trading environment for traders of all experience levels. The user interface is not too overwhelming for those who are new to trading online whereas the vast amount of implemented trading tools should be enough to satisfy the needs of even the most demanding traders. There are also plenty of additional free trading tools available to increase the platforms capabilities. With Markets.com responsible for pricing and the infrastructure behind the execution of trades, you’ve got every confidence that your trades will be executed at the best possible prices and with low spreads.
Here are some of the key features of the MT4 platform:
- Real time bid/ask quotes via the market watch
- Multiple chart types including candlesticks, bars & line charts
- Multiple time frames from 1 minute to 1 month
- Supports instant, pending & limit orders
- Technical indicators & drawing objects for in-depth market analysis
- Set email, SMS or pop-up alerts
- Automated trading with expert advisors (EAs)
- Strategy tester to back test EAs over historical data
- MQL programming interface to create custom trading tools
- MQL market place to share signals & tools with other traders
- Free to use for desktop, web & mobile devices
Whilst MT4 was mainly designed for forex trading, MetaTrader 5 (MT5) is a multi-asset derivatives platform crafted for trading on a wide range of forex, futures, stocks and CFDs. It’s a tuned-up, faster version of MT4 which enables hedging and netting, and delivers an increase in technical indicators as well as more insight with market depth and a wider number of timeframes. It also supports back testing with tick data across a basket of instruments in the upgraded strategy tester. MT5 is also available for desktop, web and mobile. I think both MetaTrader platforms are excellent and can meet the demands of most traders. I use MT4 for automated trading simply because it was the first platform that I became accustomed to and have never felt the need to change. That being said, many consider MT4 more of a forex platform and MT5 a stock trading platform.
One of benefits of trading with Markets.com is the huge range of exclusive trading tools. You can get access to some brilliant fundamental, technical and sentiment tools for a better understanding of the market and spot opportunities as they arise. I think this is another area in which they really excel, along with BlackBull Markets.
Fundamental analysis involves the study of economic releases and company reports to help with trading decisions. The broker has a set of tools that can be used for fundamental analysis that you can set alerts on. This saves you from needing to keep checking the news.
With the advanced alerts tool, you can easily create customise alerts to be sent via web, email and mobile notifications. These alerts can be set based on specific prices, moves in percentages, Markets.com Traders Trend gauge or when analysts change their price targets on stocks. You can also quickly set yourself event reminders to make sure you stay up to date with the latest market movements as and when they happen.
In addition to the fundamental analysis tools, Markets.com provide clients with some technical analysis tools which can be used to study historical price movements and volume in order to anticipate potential future movements.
The real-time trending now feature shows you some of the biggest market movers to help inspire new trading opportunities by showing assets in multiple categories suited to different trading styles.
The multi charts tool provides a quick and easy way to compare the performance of multiple different assets simultaneously. You can compare performance at the click of a button based on a number of factors which I find very helpful as part of my analysis.
There is an impressive range of over 80+ technical indicators that can be used to analyse trading instruments. These include the most popular indicators such as Moving Average, Bollinger Bands, RSI, Stochastics, MACD and more. You can add multiple indicators to the same chart, change parameters and use them on multiple time frames of your preferred assets.
Markets.com also offer sentiment analysis tools that combines trader’s data to show you what the overall market sentiment is. These can tell you the volume and positions that are long and short on a particular asset. I am a huge fan of sentiment analysis and think it is great that the broker makes this data available to you. After all, the sentiment is often what causes the market to move.
The analyst recommendations tool is integrated into the Markets.com platform and combines the real-time sentiment of leading financial analysts and experts to provide traders with recommendations that are measured by their accuracy and given a ranking of between 0 and 5. You can conveniently place trades from within the app using the buy and sell buttons. I really like this feature is it just makes the whole trading process a lot smoother.
The insider traders tool uses data on what position company insiders are taking on leading US stocks. It combines transaction of over 36,000 insiders using proprietary algorithms to aggregate insider transactions and display them in a user-friendly manner on a centralised dashboard. The tool shows if the insider sentiment of the past 3 months is positive or negative based on total trade volume and direction. You can easily place trades from directly within the app using the buy and sell buttons.
Bloggers Opinions Tool
The bloggers opinions tool shows the sentiment of over 50,000 financial market commentators who are rated based on their accuracy in the past. You can see the assets and direction they are trading, the overall sentiment data and take trades from within the tool using the buy and sell buttons. Again, this is another excellent tool and feature that you won’t find with many other brokers.
Hedge Fund Confidence
The hedge fund confidence tool shows you what the top performing hedge funds have been buying or selling in the previous quarter. Top hedge funds are determined by those that generate the highest return based on their stock portfolio. You can see if they have opened, closed, reduced or increased positions and take the same trades using the tools built in buy and sell buttons. I think this is invaluable information to have and I have even seen companies who charge thousands for such data.
The traders trend tool shows you the positions of other traders across thousands of financial instruments. This can be used to trade with or against the crowd using a contrarian trading strategy. You can set email, web, pop-up and mobile alerts when the sentiment reaches a certain percentage, e.g. If 85% of traders are buying the asset. This can be a brilliant way to keep in touch with the market sentiment without needing to be constantly follow it.
The broker has a knowledge centre where you can expand your trading knowledge and understanding of the markets. From learning the very basics of trading for beginners to how to use trading platforms and tools, there is a wide range of tutorials and guides for everyone. This shows that the broker cares about their clients and want to support informed trading. If you want more educational resources than Admirals have a great selection.
The video tutorials within the knowledge centre teach you how to use the Markets.com trading platform and trading tools. They are easy to follow with plenty of useful tips that can help you to be accustomed to the platform and tools. Subjects include how to open and manage trades, performing technical analysis and more. Video tutorials are available within the platform. Additionally, the Markets.com YouTube channel hosts a comprehensive selection of videos which is added to regularly and can be accessed without the need to sign-up or subscribe. I found a great selection of videos covering a wide range of topics. You could literally spend hours browsing through them and learning more about trading online.
CFD trading is offered under Markets.com. The broker offers a generous selection of more than 2,200 CFD instruments in more than 8 different asset classes. There is something for everyone to trade, regardless of your interests. If you want even more choice, Swissquote have around 8,500 financial instruments in comparison.
Markets.com offer traders a large range of trading instruments including Forex, Commodities, *Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs & ETFs. It also offers other specific trading assets such as Blends and IPOs. (*Cryptocurrency CFDs are not offered to UK residents of from the brokers UK entity).
There are over 60+ minor, major and exotic FX pairs to choose from whilst they have one of the largest online brokers selection of over 2,000+ Stock CFDs.
The number of instruments available to trade are subject to change and may vary depending upon the Markets.com entity under which your account is opened, and the trading platform chosen. Please see the Markets.com website for up-to-date information.
Markets.com offer a good range of trading accounts from their global offices so you can choose an account according to your location and trading needs. The broker has variable spreads and offer commission free trading on the majority of asset classes offered except stock CFDs where a small commission is charged. The leverage depends on which Markets.com entity has jurisdiction over your account with maximum leverage of up to 1:300, excluding EU, UK and Australian retail clients where the maximum leverage is restricted to 1:30 in accordance with regulations.
Leverage of up to 1:300 is available and will vary depending on your country due to restrictions in some jurisdictions. Minimum deposits start from just $/£/€100 whilst spreads are variable and depend on market conditions. There is no commission charged for trading Forex CFDs which is great considering the low spreads and a very reasonable $10 commission per side for Stock CFDs. If $100 is too high for you, Valutrades have a $1 minimum deposit requirement.
If you qualify as a professional trader you can apply for the Professional account which can give increased leverage and tighter spreads. Professional traders can also enjoy a dedicated relationship manager to handle account queries. To qualify for a professional trading account, you do need to meet certain criteria. Additionally, professional traders do waive protections which are in place to protect retail traders such as investor compensation.
I found opening an account with Markets.com to be a quick and easy process. You simply complete the short online form and verify your details. You will need to supply documents to verify your account which include proof of identification such as a valid passport and proof of residence for example a recent bank statement or a utility bill. Once approved, you can then fund and begin trading on your account. If you need help during the process or are not sure what account type to choose, the support team are available to assist.
The broker has a large FAQ section on their website covering a wide range of topics and a support team on hand 24/5 to help answer all of your questions and technical queries. Multilingual global customer support is offered via live chat, telephone and email. Support languages include English, French, Spanish, Italian, Arabic, German, Bulgarian. During the years that I have held an account with them, I have always received excellent support and thankfully never run into any problems.
The broker accepts all major credit cards, e-wallets, local payment methods and wire transfers. I really like the digital wallet options because they give me quick access to my funds which is important if I need to quickly act upon some market news. Funds are always returned in the same method you used to deposit. They do not charge any commissions or fees on deposits or withdrawals. Bank transfers may take a few business days to clear. The minimum deposit requirement is 100 USD/EUR/GBP and deposits and withdrawals are described as being fast, safe and secure. The minimum withdrawal amount and timeframe of the withdrawal depends on the payment method.
Markets.com minimum withdrawal amounts are as follows:
- Credit/Debit card: Minimum 10 USD/EUR/GBP
- Wire Transfer: Minimum 100 USD/EUR/GBP and 20 EUR within EU
- Skrill/Neteller: Minimum 5 USD/EUR/GBP
- PayPal: Minimum 10 USD/EUR/GBP
Accounts can be opened in a great choice of currencies including USD, AUD, DKK, EUR, GBP, NOK, PLN, SEK, CHF, CZK & ZAR. The various different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. You have full access to manage your account over mobile or web. Both platforms support immediate deposits, fast withdrawals and uploading of documents.
Overall, I am really impressed with many aspects of Markets.com. I like how they provide traders across the globe with a large range of trading assets, tight spreads, low fees and advanced trading tools through their award-winning trading platforms. They are regulated in multiple jurisdictions to help give you peace of mind and assurance that they will be operating in an honest and transparent manner at all time. If you are new to trading then they have the educational content and demo accounts to help you get up to speed. They offer flexible leverage and accounts to suit different types of trading strategies. Furthermore, you can choose from quick and easy funding options and get access to a dedicated 24/5 support team. They have been an industry leading brokerage firm for many years now and it is easy to see why.