Markets.com is an established and regulated broker that provides traders across the globe with a large range of trading assets via award-winning trading platforms for desktop, web and mobile devices. They have very competitive conditions including tight spreads, low commissions, fast execution speeds, convenient account funding options and advanced trading tools.
Markets.com Review, Pros & Cons
- Powerful & user-friendly trading platforms
- Large range of trading instruments
- Tight spreads & fast execution speeds
- Commission free forex trading
- Various account funding options
- No deposit/withdrawal fees
- Advanced trading tools
- Islamic accounts
- Strict regulation
- No US clients
- Minimum $/£/€100 deposit
- Inactivity fee after 90 days of inactivity
In this detailed Markets.com review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Markets.com is a regulated global provider of Forex and CFDs that offers over 2,200 trading assets to trade with tight spreads 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.
In Europe under its CySEC regulated entity, Markets.com is operated by one of the world’s fastest growing Forex and CFD providers, 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 were voted as having the best Forex Trading Platforms in the 2017 UK Forex Awards and best trading platform 2020 by FX Scouts. Through their powerful and user-friendly web and mobile platforms, traders have access to a large selection of assets such as Forex, Commodities, Shares and Indices. Clients also benefit from personalised training, dedicated customer support in multiple languages and a wide range of advanced analysis tools.
Markets.com have 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.
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. The sheer size and scale of Markets.com allow them to provide a more relevant offering that reflects where in the world a trader is located, including local regulations.
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”).
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.
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. Eligible claims may be entitled to ICF investor compensation of up to €20,000 (CySEC, EU) and up to £85,000 under the Financial Services Compensation Scheme (UK clients).
Note that when applying to a non-EU or non-UK entity you will not be subject to the European or UK client protections and your funds will not be covered by the Investor Compensation Fund or the Financial Services Compensation Scheme. It is each client’s or potential client’s responsibility to choose which Markets.com offering better meets their individual requirements and objectives.
Both the Investors Compensation Fund (EU/CySEC clients) and the Financial Services Compensation Scheme (UK clients) are not available to Professional traders.
Markets.com 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 Markets.com is unable to provide services to, please see the “Investment Services Agreement” which is available on the Markets.com website.
Some Markets.com broker features and products mentioned within this Markets.com review may not be available to traders from specific countries due to legal restrictions.
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.
The Marketsx 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 Marketsx platform does not require a download and can be accessed from almost any computer that has access to the internet. 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.
Marketsx Trading Platform
Markets.com provide their proprietary Marketsx multi-asset trading platform for use online with many features and customisation abilities. Markets.com were awarded best trading platform 2020 by FX Scouts.
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, Markets.com offer 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.
Markets.com 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.
Marketsx Mobile App
In addition to the browser based platform, Markets.com also offer traders an innovative mobile app that has many of the same features and is developed in-house. The Marketsx 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.
The Marketsi platform is the share dealing platform for investors, enabling you to invest in a vast range of stocks from around the world and create and manage your very own portfolio. Clients can choose simple share dealing or use the investment strategy builder, which allows investors to filter by index, sector, market cap, and average daily volume to dynamically manage their portfolio. Share Dealing in the Markets Group is only offered by Safecap Investments Limited regulated by CySEC under license number 092/08.
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.
Markets.com Trading Tools
One of benefits of trading with Marketsx is the huge range of exclusive trading tools. Get fundamental, technical and sentiment tools for a better understanding of the market and spot opportunities as they arise.
Fundamental analysis involves the study of economic releases and company reports to help with trading decisions. Markets.com have a set of tools that can be used for fundamental analysis that you can set alerts on.
With the advanced alerts tool, you can 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 set yourself event reminders to make sure you stay up to date with the latest market movements.
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 find 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.
There are 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.
The analyst recommendations tool is integrated into the Marketsx 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 place trades from within the app using the buy and sell buttons.
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 place trades from within the app using the buy and sell buttons.
Bloggers Opinions Tool
The bloggers opinions tool show 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.
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.
The traders trend tool shows you the positions of other Markets.com 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.
Markets.com have 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 platform 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.
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.
CFD trading is offered under Marketsx whereas Marketsi offers investors access to buying and selling more than 7,000 stocks.
Marketsx offers 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 Accounts & Fees
Markets.com offer a range of trading accounts from their global offices so you can choose an account according to your location and trading needs.
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 and a reasonable $10 commission per side for Stock CFDs.
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.
As broker fees can vary and change, there may be additional fees that are not listed in this Markets.com review. It is imperative to ensure that you check and understand all of the latest information before you open a Markets.com broker account for online trading.
Markets.com have 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.
Markets.com Deposit & Withdrawal
Markets.com accept all major credit cards, e-wallets, local payment methods and wire transfers. 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 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.
Markets.com Account Opening
Opening an account with Markets.com is quick and easy. 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.
What is Markets.com minimum deposit?
The minimum amount to deposit at Markets.com is the equivalent of 100 in the following currencies: USD/EUR/GBP/DKK/NOK/SEK/PLN/CZK/AUD/CHF/ZAR. Some brokers have much greater minimum deposit requirements of $250 or even into the thousands.
A $100 minimum deposit is a reasonable size that ensures the broker is accessible to clients from all backgrounds and will allow you to try out the Markets.com platform in order to see if it is suitable for your trading needs.
How do I deposit money into Markets.com?
There is a good variety of Markets.com deposit methods for convenient account funding. You can choose between credit/debit cards, wire transfer or e-Wallets such as Neteller, PayPal and Skrill.
Bank transfers can take a few business days to clear whereas online payment processors can be instant. Whatever your preference, Markets.com are likely to have a quick and easy funding option for you.
What are Markets.com deposit fees?
Some brokers charge a deposit fee which is applied when you send money to your trading account. Markets.com do not charge any deposit fees which is great. However, you may want to check if you will incur any fees from your bank or other third-party payment processor.
How do I withdraw money from Markets.com?
You can use the same funding options for making withdrawals from your Markets.com account as you can for deposits, including wire transfer, credit/debit cards and e-Wallets.
Keep in mind that you will need to withdraw funds via the same way that you made a deposit and the broker does not accept third-party withdrawals. All withdrawals must be made to an account in the same name as your Markets.com account.
Bank transfer withdrawals can take a few business days to clear whereas e-Wallets can clear within 1 business day once confirmed by the broker.
What are Markets.com withdrawal fees?
Markets.com do not charge any withdrawal fees. However, you may want to check if your bank or chosen online payment processor will charge any additional fees.
What is Markets.com commission fee?
Markets.com charge a $10 commission fee per side for CFDs on Shares. You will also need to pay the spread which is the difference between the Bid price (selling price) and the Ask price (buying price) that can vary dependent on market conditions. An overnight rollover is charged daily which is set at 2.5% on all instruments across all platforms. Forex CFDs and Commodity CFDs do not have any commission fees as they are included within the spread.
In addition to the aforementioned charges, conversion fees will apply only when your account currency is different than the quoted currency of the underlying asset being traded. The fee will be reflected as a percentage of the conversion rate used. The conversion fee is set at 0.6%.
Are there any Markets.com inactivity fees?
Any Markets.com trading account that has not placed a trade, opened or closed positions, and/or made a deposit for a period of 90 days and more, is classified by the broker as an inactive account. The inactivity fee is set at $10 per month and will be charged to all of the inactive accounts that you may have.
What are Markets.com account types?
You can choose between the Markets.com retail and professional accounts. The retail account is the standard live trading account that the majority of users sign up for. CFD trading with Marketsx gives traders access to over 2,200 instruments whereas Marketsi is the share dealing platform for investors offering a choice of thousands of stocks and shares to buy.
The professional account with additional leverage is available to EU and UK traders who qualify as a professional client. To qualify for a professional account, you must meet at least 2 of the following conditions:
- A portfolio value of at least €500,000
- You have carried out transactions, in significant size, on the relevant market at an average frequency of 10 per quarter over the previous 4 quarters.
- Experience within the financial sector for at least one year in a professional position
It is important to note that there are several regulatory requirements in place to protect retail traders. When you switch to a professional trader account, you waive those protections and therefore take on more risks.
Is there a Markets.com demo account?
Yes, you can open a Markets.com demo account completely free of charge. Whether you are new to trading or just want to familiarise yourself with what Markets.com has to offer, the demo account can be a great option. It will enable you to practice trading online, learn how to use the platform and experience the tools, all in a risk-free environment. The demo account is compatible with desktop, web and mobile platforms, so you can learn how to trade on all your devices.
What are Markets.com spreads?
Markets.com have variable spreads that change throughout the day depending on market volatility and liquidity. We found the spreads to be very competitive and tight, especially on major currency pairs such as the EURUSD.
What is Markets.com leverage?
Markets.com provide leverage up to 1:300. The leverage is capped at a maximum of 1:30 however for retail traders from the EU, UK and Australia in accordance with regulations. It is important to be aware that leverage can change depending on the asset class that you are trading.
If you are unfamiliar with what leverage is in trading, it basically enables you to trade a larger position size than you would have been able to without it. Whilst this can be tempting as there is the potential for larger gains, it also significantly increases the risk. Thus, it is imperative that you have a clear understanding of trading with leverage and the risk that it entails before doing so.
For example, if you trade with no leverage and invested $1,000, for every 1% move in the market you can gain or lose $10, which equals 1% of $1,000.
On the contrary, if you were to invest the same $1,000 and trade using x10 leverage, the dollar value of your position would be equal to $10,000. In this instance, 1% of $10,000 equals $100, so for every 1% move in the market you can gain or lose $100.
What are Markets.com margin & stop out levels?
The Markets.com margin requirement is specific for each asset class/instrument and can be found on the brokers website. Free Margin is the sum of funds you have available to use as initial margin for new positions. This is calculated by subtracting the margin used for your current open positions from your Equity. Used Margin indicates the sum of margin being used by your current open positions. It is calculated by adding the initial margins of all your open positions.
50% is the minimum margin level you need to maintain for your open position(s). Should your margin level fall below the minimum of 50%, the broker reserves the right to liquidate all or a part of your open trades and close any open positions, until your account margin level rises above the 50%. They will liquidate positions starting from the position with the highest loss.
In the event that your margin level drops to or below 100%, you will not be able to open any new positions. If you are a Markets.com Web or Mobile Trader platform client, in the event that your equity falls below 70% of the used margin of your account, they will send you an email and/or any other notification. This notification acts as an early warning of the performance of your open positions. MetaTrader clients will not receive any notifications at the 70% level.
Do Markets.com allow scalping & automated trading?
Under the Markets.com Terms and Conditions, scalping trades or placing and closing orders or entering into positions for an arbitrarily short period of time, is not allowed. However, expert advisors (EAs) are allowed provided they are not using what the broker considers to be abusive trading techniques.
Is there a Markets.com Islamic account?
Yes, there is a Markets.com Islamic account which is suitable for traders who follow the Muslim faith. The Islamic account does not incur any swap interest fees and therefore is fully compliant with Sharia law. You can request an Islamic account directly from the broker and will need to provide some proof of your faith in order to qualify.
What are Markets.com trading instruments?
Markets.com have one of the largest selections of trading instruments that we have seen from any trading broker. Under the Marketsx sub-brand there is an impressive choice of over 2,200 instruments across various asset classes including Forex, Stocks, Commodities, Metals, Cryptos, Indices, ETFs and Bonds. Whatever your interests, there is something for everyone to trade.
How do I open a Markets.com live account?
It is quick and easy to open a Markets.com account. You can simply visit the brokers website and choose the “create account” button. There will be a short form to complete after which you will be sent login details and can then complete your application and upload your documents for verification.
How do I verify my Markets.com account?
As a normal part of any brokers know your customer (KYC) process, newly registered traders are required to verify their Markets.com account. You can do so by uploading the following documents in your client area:
- Proof of Identification: clear copy of a valid Passport, National ID or Driver’s license.
- Proof of Residence: clear copy of: bank or credit card statement, utility bill (e.g. water, electricity, gas, landline phone, Internet, TV Service), municipality statements. Proof of residence documents must have been issued within the last six months
Once you have submitted your documents, you will need to wait for a member of the Markets.com account team to confirm your verification. This is usually completed within one business day.
What is the Markets.com trading platform?
Markets.com have a good range of mobile, desktop and web trading platforms to suit different traders needs. There are the popular MetaTrader 4 and MetaTrader 5 platforms, the multi-asset Marketsx platform and the Marketsi share dealing platform for investors.
Where can I download the Markets.com platform?
You can get free instant access the Markets.com platforms directly from the brokers website or download the platform apps on your iOS or Android mobile device from the relevant app store.
Where is Markets.com located?
Markets.com, is a global trading and investing brand owned by Finalto Group, the financials division of Playtech which is traded on the London Stock Exchange Main Market and is a constituent of the FTSE 250 Index. They have offices in Australia, Cyprus, South Africa and the United Kingdom.
Is Markets.com regulated?
Yes, Markets.com has regulated entities in the UK, Europe, Australia and BVI.
What countries do Markets.com accept?
Markets.com accept clients from around the world, excluding residents of the United States, Japan, Canada, Belgium or any other country where such distribution or use might be contrary to local laws and regulations.
Is Markets.com a scam?
No, Markets.com is not a scam. They are an established and regulated broker that has been providing trading products and services since 2008.
How can I contact Markets.com support?
Markets.com are committed to ensuring that your experience with them is the best possible. Thus, they are there for you if you have any issues or just need some help. You can call the customer support team, 24/5. Alternatively, you can send them an email or chat directly to the customer support team, instantly via the live chat function on the brokers website.
Markets.com 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, offering flexible leverage and accounts to suit different types of traders. Furthermore, you can choose from quick and easy funding options and get access to a dedicated 24/5 support team.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 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.
See the Markets.com website for full terms and conditions.