Markets.com is an online international forex and CFD dealer. Markets.com started servicing retailers in 2008. Following a range of high-profile partners, including Arsenal FC, as well as a CEO committed to leveraging customer experience innovations, the broker has developed a positive reputation.Customers can select from several platforms and several tools when trading with a broker governed in multiple jurisdictions.
It is controlled by several financial institutions, such as the Cyprus Securities and Exchange Commission (CySEC) and the UK Financial Conduct Authority (FCA). Markets.com is a member of the Trade Tech Group and is part of the listed firm, Playtech PLC. The holding company is listed on the London Stock Exchange and part of the FTSE 250 index. This ensures that the company has the resources and the ability to continuously develop the value it delivers to its customers.
It also means that there are additional laws and regulations that the firm must abide by and all this strengthens the confidence rating of the broker. Markets.com has exemplary assistance for novices. There’s an impression that the help is adjusted to specific requirements. Markets.com provides services and platforms under two names. Markets is a forum for share-dealing and investment, while MarketsX is a forum used for CFD dealing.
In this review, we will be going through all the aspects of forex dealing through market.com including trading tools, their platforms, rules and regulation, and pricing.
- Free and fast deposit transactions and withdrawal
- Short and easy opening of the account
- Excellent methods for studying and research
- Controlled by some of the best and secured financial institutions
- Are experienced and have high-profile partners since their launch in 2008
Markets.Com Company Profile:
Markets.com, operated by Safe cap Investments Limited, a Playtech affiliate, is an electronic trading marketplace for trading on the foreign exchange market, the commodity market, the cryptocurrency market. Playtech is listed on the London Stock Exchange under the PTEC ticker.
Markets.com launched as GFC Markets and renamed as ‘Markets.com’ in 2008, after the merger between the owner of GFC Markets, Safe cap Investments Limited, and Trade FX, the app provider for Forex and CFD operators. In 2015, Playtech completely purchased Trade FX and therefore Markets.com.
In 2014, Markets.com stepped into a relationship with Arsenal FC as the “Official Forex and CFD Trade Partner” for the football club. market.com is certified by FCA (UK), ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), and FSC (BVI).
Markets.com is supervised by five leading financial authorities from all over the world. This Forex trader is governed by the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Australian Securities and Investment Commission (ASIC) in Australia, the UK Financial Conduct Authority (FCA), the British Virgin Islands Financial Service Commission (FSC), and the South Africa Financial Sector Conduct Authority (FSCA).
With such a rise in the number of false and illegal brokers around, locating one that you can trust is crucial. Markets.com ‘s numerous licenses are a positive indication that the broker is credible and that normal customer security procedures are in effect, like segregating client money from the broker’s cash, plus reimbursement if the broker goes under.
Notice that the level of coverage under financial services liability policies ranges between authorities, for example, up to € 20,000 under the CySEC and £85,000 under the FCA. Notice that the level of coverage under financial services liability policies ranges between authorities, for example, up to € 20,000 under the CySEC and £85,000 under the FCA.
Markets.com also provides negative balance insurance, which ensures that you would not lose more than your original investment. However, this also ensures that traders must retain a safe balance on their account, or trades can be closed if rates turn against them.
Market.com Trading Platforms:
As expected, from such an advanced forex broker, markets.com has some amazing trading platforms which are very convenient to use and you can choose the platform that you think suits you the best. Here are all the things you need to know about all the market.com trading platforms.
Marketsx offers its proprietary MarketsX framework which is a recent release and filled with the newest software and features. Its web-based interface can be accessed from any browser or computer/device. There is also no need for downloads, just sign in, and get superior business access. The user interface is quick and simple while providing comprehensive charting and technological analytics tools. The platform also provides several technological metrics to improve the analysis of charts.
The Marketsx platform also includes 14 trading tools. This comprises of market analysis from 50,000 bloggers, the Hedge Funds Confidence tool that uses SEC info, and the Insiders Trades feature that flags raise and decreases the shareholdings of more than 36,000 firms. The trading cubes of the platform are also a special feature. This helps you to access several instruments at once, aiming to simplify the trading process.
The Marketsi Interface allows the exchange of thousands of stocks. The platform comes with a comprehensive technology-enabled analysis platform to help traders evaluate global stocks and securities. The Investment strategy Builder is also available on the website. Index, industry, market cap, and volume filtering help you to create a tailored approach that fits your risk profile and achieves your investment objectives.
Traders trading for the first time can benefit from the zero-commission policy for the starting 3 months. After the zero-commission period expires, the rates remain reasonable competitive as:
- EU Shares (French, German and Spanish) = 0.1% (min €10)
- UK Shares = 0.1% (min £8)
- US Shares = 2c (min $15)
- AU Shares = 0.1% (min A$10)
The marketsi platform is also a very easy to use trading platform which provides some amazing useful tools that helps you to create a tailored approach towards your goals.
Meta trader 4 and 5:
Markets.com customers now have an industry option-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) services. Downloads are accessible for both Mac and PC users. Once you have your MT4 or MT5 login info, you will have connections to a powerful website providing comprehensive charts as well as in-depth analysis. You will also have a long list of custom metrics at your fingertips.
Markets.com Mobile App Feedback is mostly positive. First, there’s an interface for Android and iOS users. Downloading the app is fast and it takes just a few moments to get your smartphone login information on board. You also have access to a wide variety of tools, encouraging you to ponder about everything. However, it is important to remember that the smartphone application does not have access to all the resources that the online sites do, such as no access to news, no map indicators, and no warnings.
Markets.com Demo Account:
Markets.com offers a free demo account. Supported with virtual money, their trial account is a great way to review a platform and analyze intraday trading. Then, if you’re acquainted with a range of tools and have developed a successful approach, you can open a live trading account.
Market.com offers two types of accounts, the first being a retail account which is a regular live trading account that most people sign up for. The retail account allows you to access more than 8,000 tradable investments and versatile leverage.
The second is a professional trading account with more professional and advanced tools and is for professionals investing over $500,000.
Markets.com Deposit And Withdrawals:
Markets.com does not enforce any fees for deposits or withdrawals. There are several ways you can deposit or withdraw your money. They are as follows:
- Credit/debit card
- Bank transfer
Account Currencies Supported By Markets.com:
Markets.com supports 9 base currencies for you to choose from. Here are all of them:
Markets.xom Fees and Comissions:
Markets.com charges are minimal relative to most Forex exchange brokers in the trading industry. Non-trading payments are minimal, except for the inactivity charge that is enforced after 90 days. However, as there are no commissions paid for trading, trading fees are deemed to be average.
- Trading Fee:
Markets.com doesn’t somehow charge trade commissions on trading fees. The payments are incorporated into the spreads, which makes the spreads relatively large. Spreads on currency pairs could start from 0.5 pips, which are known to be some of the cheapest trading costs in the industry. This Forex trading firm has applied trading commissions to the spread, which can be the reason you might consider spreads unreasonable.
- Non-Trading Fee:
For Markets.com, you can note that the non-trading fees expected are very low relative to other Forex trading firms in the trading business. Markets.com does not demand any deposit or withdrawal charge in the process of your payments. This ensures that you don’t have to stress about being charged with penalties for transferring money from or depositing funds into your account.
- Inactivity Fee:
Markets.com imposes an inactivity fee, which is a payment that is enforced if you are unavailable for some time. For Markets.com, the inactivity charge is USD 10 a month, after 90 days of lack of activity.
- Non-trading fees are cheap
- Commissions are not charged
- There is no deposit fee
- There is no withdrawal fee
- The trading fee is low
- The inactivity fee is enforced
- There are wide spreads
Conclusion: Should You Trade With Markets.com?
Our Markets.com analysis finds that they have built a service that is very obviously incredibly difficult to beat. A truly diversified asset broker crosses all the boxes in terms of legislation, markets, pricing, and customer interface. The range of creative features found on the website highlights how the company has invested in discovering and delivering what dealers want. The MarketsX dashboard is a business fantasy. The features of this platform can only be defined as when compared to other platforms are just incredibly perfect.
Markets.com Frequently Asked Questions:
Withdrawals can take about 5-7 days to process.
The minimum deposit required for a Markets.com Real Account is USD 250 or its currency substitute.
Yes! Market.com does offer an Islamic account.