Markets.com Review 2020 and Technical Opinions

Filippo Last Updated: April 2019 20 min read
security 97
cost 51
trading 65
education 83
Rated: Excellent
75
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In this Markets.com review, you’ll find everything you need to dispel any doubt, including our feedback on Markets.com, both practical and technical, after years of experience on the platform.

The best thing you could is to open a free demo account to try out first-hand the Markets.com platforms, to be able to fully follow this review.

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Markets.com Review
Security

The starting point for our Markets.com review is going to be one of the most important areas to look out for when you are starting to deal with any broker. That area is security. Now, knowing that this broker has been in operation for many years gives us insight into the fact that they are very well run in this sense. Let’s take a closer look at exactly how they protect traders at Markets.com.

Markets.com

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Foundation and Offices

Markets.com was created in 2010 and has been in operation more than a decade. They are the TradeTech Group, operating under the business name of Markets.com and in fact, the parent company is a major company listed on the FTSE 250 exchange.

As an international operation, the broker currently has a number of physical locations around the world. These are as follows.

Cyprus

148 Strovolos Avenue, 2048,

Strovolos, P.O. Box 28132,
Nicosia, Cyprus

United Kingdom

11th Floor Broadgate Tower,
20 Primrose Street,
London, England, EC2A 2EW.

Australia

Level 32, 200 George Street,
Sydney NSW 2000,
Australia

South Africa

11a Umhlanga Centre,
189 Ridge Road, Umhlanga,
4320, South Africa.

British Virgin Islands

Ritter House, Wickhams Cay II,
Road Town, Tortola,
VG1110, British Virgin Islands.

Regulations

The broker is regulated in several different jurisdictions for your protection as a trader. They operate under a few different entities within these jurisdictions, so for clarity, these are both the entities and the details regarding the regulation of each.

They are regulated by CySEC #092/08 under the entity named Safecap Investments Limited (“Safecap”). This entity is also regulated by the FSCA under regulation number 43906, and further by the FSCA as TradeTech Markets (South Africa) (Pty) Limited (“TTMSA”) under the number 46860.

In the British Virgin Islands, they are regulated by the BVI Financial Services Commission (SIBA/L/14/1067). Here they are operating as TradeTech Markets (BVI) Limited (TTMBVI).

The FCA in the UK regulates the broker trading as TradeTech Alpha Limited (“TTA”), under the number 607305, and finally ASIC under number 424008 regulate the broker where they operate as Tradetech Markets (Australia) Pty Limited.

Altogether what you can take from this is that regulation of the broker is both comprehensive and worldwide.

Money Protection

As a trader, you always want your funds to be protected. Markets.com takes care of this in a number of ways. The first of these is by offering negative balance protection. This can be applied no matter where you are around the world, and means that you will never lose more than you deposit to your balance.

A further assurance is the fact all funds with Markets.com are held in segregated accounts with top-tier financial institutions. This means you are protected if the broker enters any financial difficulty at all.

An additional measure in place to protect your funds in the event of bankruptcy or other financial issue is the insurance the broker provides to EU and UK traders. This provides up to £85.000 for UK traders and €20.000 for EU traders in the event of bankruptcy or insolvency.

Not Accepted Clients

Markets.com is well regulated and offers services to most traders around the world. That said, there are some countries where it doesn’t operate and accept traders from. Here is a listing of a few such places.

    • Belgium
    • Japan
    • Canada
    • USA
  • Pros
    • The broker has an excellent physical presence in 4 continents, marking it out as a truly global operation
    • They are very well-regulated by 5 regulatory bodies which include some of the most respected in the industry
    • As a broker, they take excellent care of your funds, providing great all round security in this regard
    Cons
    • Of the few countries where they are not available, this includes some major global markets

    Markets.com Review
    Costs and Accounts

    The next important area of focus for our Markets.com review is on the available account types you will encounter when trading at Markets.com and some of the costs and fees that you may incur along the way.

    The very first point of note is the convenience with which you can open a Markets.com Standard Account. This requires no more than a copy of your ID, usually your passport, proof of your residence in the form of a utility bill or bank statement, and the answer to a few short questions on your trading knowledge. From there you should be all set to quickly complete Markets.com verification, deposit, and start trading. Electronic verification is also catered for under ASIC and BVI regulation as well as in many EU countries or under the FCA for very fast processing to get your account open.

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    Account Types

    Here are a few of the different account types you will find at Markets.com and what you can expect from each account type.

    Demo

    A Markets.com demo account is the first and best place to start as a trader new to the broker or the industry. This puts you in the position where you can test out the trading environment exactly as it is on a live account, but with no risk. Only virtual funds are used and you are under no obligation to deposit any money before or after this.

    With Markets.com you will find a demo account that is unlimited in the sense that it never expires. This is ideal if you are new to trading and the perfect chance to test strategy. The account will only expire if you are inactive for 90-days and it is very easy to sign up with just an email and password or you can log-in through Google, Facebook, or with an Apple ID.

    Markets.com Standard Account (Marketsx)

    The Markets.com Standard Account is their most common offering and a popular choice among traders. This account type is available with a minimum deposit that starts from $250 and here you can trade more than 2000 assets as CFDs.

    Both the MT4 and MT5 trading platforms are available, and with excellent spreads that remain very competitive from 0.6 pips on forex pairs.

    Markets.com Investing Account (Marketsi)

    This Markets.com Investing Account (Marketsi) is a type of stockbroking account that facilitates your trading in EU, US, US, or Australian shares. The account makes both MT4 and MT5 trading platforms available and offers some excellent value in the sense that you don’t have to pay commission for your first three months. After that period, commission will be charged. This commission varies but commission on trading US shares starts from $15.

    If you wish to open this account type with Markets.com, then again the minimum deposit starts from $250.

    Markets.com Spread Betting Account

    If you are interested in spread betting then Markets.com also has an account for you. As with the other account types mentioned so far, the minimum deposit is again $250 for this account type, with trading done through MT4, and MT5.

    You should note that spread betting is only available to UK and Ireland residents by regulation and that it literally consists of betting money on the increase or decrease of the asset price and associated spread.

    Markets.com Islamic account

    If you are an Islamic forex trader then you will be glad to find that Markets.com also offers an Islamic trading account that is totally compliant with Sharia law. This means there is also no rollover fee charged on this account.

    An added benefit here with the Markets.com Islamic account is the fact that they do not impose any other fee to replace the swap fee. With that said, trading in some assets may not be available on this account type.

    Professional Account

    You can also avail of a professional account with Markets.com. This would see your leverage increased on forex trading to as much as 300:1 along with several other benefits. On the downside, moving to a professional account would mean you are no longer protected by the insurance mentioned previously which is for retail traders only.

    In order to qualify for a professional account, you will also need to meet at least two of the following requirements:

    • Have made an average of 10 transactions of significant size per quarter in the past year
    • Possess a financial instrument portfolio of over €500,000 (in your bank or into the trading account)
    • Have relevant experience in the financial services sector

    If you can meet two of these three requirements then you can qualify to open a Markets.com professional account.

    Account Base Currency

    The Markets.com base currency selection is good. They make a number of currencies available including the EUR, GBP, USD, AUD, ZAR, CHF, DKK, NOK, PLN, and SEK.

    Having your own base currency available can be important and valuable as it will save you from incurring any conversion charges if your deposit currency is available as a base currency with the broker.

    Deposit

    Here we will take a closer look at exactly which deposit methods are available with Markets.com and what the minimum deposit is.

    Markets.com Minimum deposit

    The Markets.com minimum deposit for both of its available retail account types is $250 or the equivalent which is also accepted in USD, EUR, GBP, or the other base currencies mentioned above.

    Deposit Methods

    When it comes to Markets.com deposit methods, a variety are available. This includes wire transfer, major credit/debit cards from Visa and MasterCard, as well as eWallet deposits through Skrill, Neteller, or Paypal.

    All of these deposit methods typically take between 1-2 business days to complete, though card and eWallet deposits may be much faster.

    Deposit Fees

    All Markets.com deposits are usually fee-free. The only exceptions here will be if your own bank charges a fee for wire transfers, or if you are depositing a non-base currency and have to pay a conversion fee. This conversion fee is typically around 0.3% of the transfer value.

    Withdrawals

    Here is a look at the various withdrawal methods and minimum amounts in place with the broker.

    Withdrawal Methods

    The Markets.com withdrawal methods that you can access are all the same as the deposit methods. This means that wire transfer, credit/debit cards, and eWallets are all facilitated for a withdrawal. This process again will usually take between 1-2 business days.

    Withdrawal Fees

    With Markets.com you will find that there are no fees associated with withdrawals. The minimum withdrawal amount from the broker is $5.

    Spreads & Commissions

    Markets.com offers a floating spread only. These typically start from a lowest point of 0.6 pips. This is slightly above the industry average but still representing excellent value, though there is no account type available with zero or lower spreads. Commission is only charged for stock trading through the Marketsi account.

    Here is a listing of some sample spreads from commonly traded assets at Markets.com

    • EUR/USD – 6 pips
    • SPX500 – 5 pips
    • Gold – 3 pips
    • Bitcoin – 50,0 pips
    • US Shares – 20 pips

    Fees

    There are a couple of other fees which you may need to account for when trading at Markets.com. Here is a closer look at exactly what they are.

    Overnight Fees

    The overnight fee is common among every broker and charged on almost all assets at Markets.com as they are CFDs. This fee is one you incur if you are holding positions open overnight and it is charged at the closing time of the markets you are trading. Since it is a fee that is often changing, you can view more precise details on it through your trading platform or the broker website.

    Inactivity Fees

    A Markets.com inactivity fee is charged. This fee begins to be charged after 3 months of inactivity and is $10 per month. Also, if the equity of your account goes below $100, the broker reserves the right to possibly close your account.

    Pros
    • The registration process is very fast and you could be trading very quickly after verifying your account
    • The demo account is unlimited This makes it an ideal starting point for new traders
    • A great selection of 10 base currencies is available
    Cons
    • The Markets.com account choice is quite limited for a major broker
    • The spreads are slightly above average with no account type or assets that start with a zero spread
    • Inactivity fees with the broker are high when compared with others in the industry

    Markets.com Review
    Trading

    Now that you have gotten to grips with opening your account and getting started. Here is a more detailed look at the trading experience and what you can expect once you do start trading at Markets.com.

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    Trading Features

    These are some of the most important trading features that you will encounter and should know about in detail when you begin trading with Markets.com.

    Executions

    Markets.com is a market maker broker. This means they take the prices they receive from the liquidity providers and use them to set their own prices. Although this technically makes them a counterpart to your trading, it does allow a good degree of flexibility on things such as trading cost.

    Sizing

    The minimum trade you can make at Markets.com is 1 micro lot. This is also equal to 0.01 standard lots, or a cash value of $1,000. With leveraged trading you can also reduce this minimum amount substantially.

    Techniques

    When it comes to trading techniques allowed at Markets.com, you will be pleased to know that both scalping and hedging are permitted. You can also utilize the MetaTrader EAs feature to copy or code your own trading strategies. The use of a VPS is not allowed at this time, though traders from the UK and Ireland can all engage in spread betting if they wish through the dedicated account type.

    Risk Management

    Risk management is of course vital for all traders to know and employ when engaged in any form of trading. Markets.com facilitates this risk management through the features offered on their trading platform as well as MT4 and MT5. These platforms allow for the setting of stop losses, take profits, and trailing stops to protect your active positions, as well as limit orders to control the entry position of new trades. The broker also utilizes margin calls which let you know when your equity reaches a certain point.

    Trading Hours

    These are the hours during which markets are available to trade. When it comes to forex, this time is 24/5 on a Monday to Friday, the commodities market is much the same though they take a one hour break between days, and the crypto market is open for trading 24/7. Trading on indices and stocks follows the local hours of that market, and blends trading depends on the individual instrument.

    Leverage

    The Markets.com leverage available will really depend on the country from which you are trading since they are regulated in various regions. With that said, the maximum available leverage in each area is 30:1 in the UK and EU according to regulation (An exception is made here for professional traders who can access 300:1 leverage). In South Africa, the maximum leverage available is 100:1, while in both Australia and every country regulated by the BVI, this leverage can reach 300:1.

    Platforms & Mobile

    The available trading platforms and mediums are a vital aspect of any top forex broker. This is no different with Markets.com. Here is what they have to offer when it comes to trading platforms.

    Charting and Trading tools

    The charting tools and indicators who can access through the broker are many. These mainly come from the MetaTrader trading platforms which are very much renowned for being detailed in this respect. These, together with the Markets.com proprietary platform provide for a total of 51 charting indicators, and 31 drawing tools to assist you in creating the most detailed, customizable trading environment possible. You can further enhance this experience by utilizing the one click trading directly from the charts and opting to receive the price alerts that are available.

    MetaTrader 4

    MT4 is well recognized as likely the best trading platform ever released. Even after many years, it still remains one of the most powerful and popular trading platforms of choice for most traders. It is secure and well-encrypted, lightweight, and highly customizable. While it may not be the most attractive of platforms, it is certainly highly functional, robust, and easy to understand.

    The trading platform can run on almost any machine, has more than 50 charting tools and indicators available to create a completely customizable experience and also caters very well for auto trading through EAs. With Markets.com you can access MT4 on desktop, mobile, or tablet as well with iOS, Android, Windows, or Mac as well as running it in browser through the webtrader.

    MetaTrader 5

    MT5 brings to the table all of the top-level functionality that you have with MT4. The only areas that are changed and enhanced here are that you will have access to even more indicators and more pending order types. The market depth charts and ordering capability are also enhanced to display as many as 21 total timeframes for the most detailed trading experience.

    Again with MT5 and Markets.com, you can access it either through the webtrader or on mobile and it is compatible with both Windows and Mac computers as well as iOS and Android mobile and smart devices.

    MarketsX Trading Platform

    Markets.com also offer their own proprietary trading platform. This is the very user-friendly MarketsX trading platform that is available as a webtrader. This trading platform is very intuitive and has a range of similar features as you would find with both MT4 and MT5. The platform can be used as a multi-asset platform where you can trade a variety of markets. As an additional feature you can also utilize expert advice and analysis provided directly from the platform.

    This platform is an excellent additional and alternative to the already positive platform offering from Markets.com.

    Markets.com Mobile Platform

    Markets.com in addition to having MetaTrader platforms available on mobile, also have their own mobile trading platform which provides yet another positive, user-friendly experience for traders. This includes a very fast execution, informative trade alerts, and the ability to manage your account on the move with ease including making deposits and withdrawals. Again it is a light option which is easy to run yet comprehensive in what it achieves and is available on mobile and smart devices through both Android and iOS.

    Markets

    More than 2200 assets in total. Common markets like forex, commodities, indices and stocks, plus less common markets such as Blends and Bonds.

    Forex

    Markets.com provides for trading in more than 65 currency pairs including major, minor, and exotic pairs. Here the spread starts from a minimum of 0.6 pips with no zero spread account available.

    Commodities

    The broker offers more than 20 commodities for trading. This includes a variety of metals, energies, and agricultural commodities. The spread here starts from a very low 0.3 pips on gold.

    Indices

    When it comes to indices trading, there are more than 40 major markets available from all over the world. These include major indices from the US, UK, and around both Europe and Asia.

    Stocks

    Excellent choice is provided in trading stocks at Markets.com. More than 2,000 shares are available from all kinds of companies on the US, UK, and EU stock markets.

    ETFs

    There are more than 50 ETFs available to be traded at Markets.com. Again these are available starting at a very competitive spread.

    Cryptoassets

    A total of 6 cryptocurrencies are available for trading at Markets.com as CFDs. This selection includes Bitcoin futures, Ethereum, Ripple, and several other major crypto markets.

    Bonds

    Four bonds are available for trading at Markets.com. This includes the UK, UK, and German bonds, and represents the great variety of markets available since bonds are not too commonly offered by many brokers.

    Blends

    There are more than 20 blends available for trading with Markets.com. A blend is something that closely resembles an ETF, but in an unofficial capacity. It is essentially a basket of assets that you invest in collectively. These blends are typically all stocks, and are put together by the broker.

    Products

    Here are some additional products that you may come across when you get started trading at Markets.com.

    Markets.com Strategy Builder

    The Markets.com strategy builder is a very unique product which allows you to select for yourself the sector you wish to invest in that meets your needs. You can then choose a pre-built strategy based on your choices, or create your own. Here you can also ask the advice of the broker experts in crafting the best strategy to meet your needs. This product is available if you are trading stocks on a Marketsi account.

    Social Trading – Copy Trading

    When it comes to social or copy trading, these are not available through Markets.com. The only form of copy trading that you could engage in is to apply EAs in MetaTrader that you have taken from other traders in the wider community. This is permitted by the broker.

    Pros
    • The broker provides for a strong range of trading platforms to choose from
    • There is a wide range of markets and more than 2,000 assets available Something to fit the needs of every trader
    Cons
    • There are no nano lots available to trade Micro lots are the smallest you can trade
    • The leverage for those outside ESMA and the EU is relatively low compared to some others
    • Markets.com provides no social or copy trading features

    Markets.com Review
    Education and Support

    Rounding up our review, we will take a more detailed look at two key areas for any broker. These are the education facilities on offer, and the support you receive when you are trading with that broker. Let’s take a look at how Markets.com measures up in this respect.

    Markets.com

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    Languages

    With Markets.com, a total of 9 languages are supported through their website. This includes a good selection of European languages and Arabic is also available. This is fewer than some major brokers, but likely still enough to satisfy the majority of traders.

    Research

    A research section is something that the broker unfortunately does not have at the moment. This could certainly be a negative point particularly if you are a trader who wants to do some of your own research. There are however, a number of pre-built strategies and some advice available from the in-house team of market experts which may work to satisfy the needs of many.

    Customer Service

    When it comes to Markets.com customer support this is well provided for. First off, you will have access to a basic FAQ section on the brokers website that provides useful information on simple functions of getting started like making deposits, withdrawals, and basic trading questions.

    If you still have questions then these will be quickly answered by the support team who are available through website-based live chat, phone, or email, and in a total of 7 languages including English, French, Spanish, Italian, German, Bulgarian, and Arabic.

    Education

    A big miss, and something surprising is that markets.com do not cater for an education section. This is surprising for such a major broker and is definitely a loss for traders who are looking to learn, develop, and grow in the sector. Luckily, there are still many third-party resources offering top-quality education that you can take advantage of at any time no matter the broker you are trading with.

    Pros
    • Customer service with Markets.com is available in 7 languages This is excellent for international traders
    Cons
    • They feature a very limited research section which could also limit your ability to acquire market knowledge on some areas
    • They completely lack an education section This is a big loss and surprising for a major forex broker of their size

    Markets.com Review
    Our Opinion

    Overall, it is undoubted that Markets.com is one of the biggest players in the industry. They have become a household name in the sector, synonymous with quality over the years. This is particularly evident when looking at the wide selection of top-quality regulation they have in place from no less than six regulatory bodies. They certainly set the benchmark in some areas. This includes the number of available assets and even some that are uncommon like blends and bonds. Great value trading and competitive fees are also a feature of the broker.

    That said, Markets.com does lack some key features you would expect as a cornerstone of a top broker, particularly when it comes to education and research. Copy, social trading, and a zero spread account are also missing, and these are areas for the broker to work on. Still though, if you are looking for the best selection of markets to trade at excellent value, Markets.com is one of the top brokers of choice.

    Markets.com Pros and Cons

    Pros

    • Markets.com has a great physical office presence with several locations around the world.
    • They are extremely well-regulated by a number of the top bodies in the industry.
    • The broker provides for an excellent range of features when it comes to deposits and withdrawals.
    • There are a huge number of markets and more than 2,000 assets available for trading.
    • Customer service is available in 7 languages catering for many international traders.
    • There is a very good platform choice featuring some of the most-respected alongside their own trading platforms.

    Cons

    • The broker provides for quite a limited choice of accounts, particularly for retail forex traders.
    • There is no zero spreads account available. This is something many other top brokers typically have.
    • No social and copy trading features mean there is very limited attraction for these types of traders.
    • The research section of the broker is very limited, much more so than most.
    • Surprisingly for a top broker, they offer no education section. This is a big miss.

    Markets.com FAQs

    Is Markets.com safe, legit and a good broker?

    Yes, Markets.com is very well-regulated by 6 of the most respected regulatory bodies in the world, and has offices in 4 continents. They also offer excellent value to their traders on many markets. For more information, check our the Regulation section in our Markets.com Review.

    What is a Market Maker forex broker?

    A Market Maker is a broker that has an internal market with its own pricing. Market Makers will be the counterpart to all of your trades whether you are buying or selling.

    Are Market Maker brokers dealers?

    Yes. Pure Market Maker brokers have a Dealing Desk. Check our Markets.com Review for more information.

    What is the difference between a broker and a dealer?

    A broker is an entity that executes the orders of its customers connecting them with the international markets. Dealers, on the other hand, are both the buying and selling counterparts who are operating their own internal markets.


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    Markets.com Review 2020 and Technical Opinions

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    Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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