Markets.com Broker Review

Is Markets.com a scam?

Markets.com is a brand owned by Safecap Investments Limited, a company registered and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 092/08. Safecap Investments Limited is also authorized and regulated by other regulatory bodies, including the Financial Conduct Authority (FCA) in the United Kingdom and the Australian Securities and Investments Commission (ASIC). These regulatory bodies ensure that Markets.com adheres to strict financial and ethical standards and provide a level of oversight and protection for clients.

In terms of safety, Markets.com uses advanced encryption and security protocols to protect clients’ personal and financial information. They also offer negative balance protection, which means that clients cannot lose more than the amount they have deposited into their account. Furthermore, client funds are held in segregated accounts, which are separate from the company’s operating funds, providing an additional layer of protection.

Overall, Markets.com is a regulated and safe broker, and clients can trade with confidence knowing that their funds and personal information are protected.

Markets.com Trading Platforms

Markets.com offers several trading platforms to cater to different trading styles and needs. These platforms include:

1. MetaTrader 4 (MT4): MT4 is a popular platform that is widely used by traders around the world. It offers advanced charting tools, customizable indicators, and the ability to automate trades with expert advisors (EAs). MT4 is available for download on Windows and Mac computers, as well as mobile devices.
2. Marketsx: Marketsx is Markets.com’s proprietary trading platform that offers a range of advanced features and tools. It provides real-time market news and analysis, sentiment indicators, and advanced charting tools. Marketsx is also available as a mobile app for iOS and Android devices.
3. Marketsi: Marketsi is Markets.com’s web-based platform that is designed for traders who prefer a simple and intuitive trading experience. It offers a range of features, including real-time charts, technical analysis tools, and one-click trading.
4. Mobile App: Markets.com offers a mobile app for both iOS and Android devices, which allows traders to access their accounts and trade on the go. The app offers real-time market news and analysis, advanced charting tools, and one-click trading.

Overall, Markets.com offers a variety of trading platforms to cater to different trading styles and needs, and traders can choose the platform that best suits their preferences.

Products Markets.com provides

Markets.com offers a range of financial instruments for traders to invest in. These instruments include:

1. Forex: Markets.com provides access to over 50 currency pairs, including major, minor, and exotic pairs.
2. Stocks: Traders can invest in over 2,000 global stocks from major exchanges, including the NYSE, NASDAQ, LSE, and more.
3. Indices: Markets.com offers over 20 indices, including the S&P 500, NASDAQ 100, FTSE 100, and more.
4. Commodities: Traders can invest in a range of commodities, including gold, silver, oil, and more.
5. Cryptocurrencies: Markets.com offers trading in cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more.
6. ETFs: Traders can invest in a range of Exchange-Traded Funds (ETFs), including leveraged ETFs.

Overall, Markets.com provides a diverse range of financial instruments for traders to invest in, offering a variety of options to suit different trading strategies and preferences.

Markets.com account types

Markets.com offers three different types of trading accounts, each designed to cater to the needs of different types of traders. The account types are:

1. Retail account: This is the standard account offered by Markets.com, and it is suitable for most traders. It offers a wide range of financial instruments, including forex, stocks, indices, commodities, and cryptocurrencies. Retail account holders can also access the various trading platforms offered by Markets.com, including the MetaTrader 4 platform.
2. Professional account: The professional account is designed for experienced traders who meet certain criteria, such as having a significant trading history or working in the financial industry. Professional account holders have access to additional trading tools and benefits, such as higher leverage and reduced margin requirements.
3. Islamic account: Markets.com also offers an Islamic account for traders who follow Sharia law. Islamic accounts are swap-free, meaning that clients do not pay or receive any interest on overnight positions. Instead, a commission is charged on these positions.

Overall, Markets.com offers a variety of trading account types to cater to the needs of different traders. Traders should carefully review the features and requirements of each account type to choose the one that best suits their needs.

Markets.com trading fees

Markets.com charges trading fees in the form of spreads, which is the difference between the bid and ask prices of an instrument. The spreads vary depending on the instrument traded and the type of account held.

For forex trading, Markets.com offers competitive spreads starting from as low as 0.6 pips on major currency pairs. For stocks trading, the spreads start from 0.1% on the bid/ask spread. For indices, the spreads start from as low as 0.3 pips.

In addition to the spreads, Markets.com charges overnight swap fees for positions held open overnight. The swap fees vary depending on the instrument traded and the direction of the position.

Markets.com also charges inactivity fees for accounts that have been inactive for more than 90 days. The inactivity fee is $10 per month.

Overall, Markets.com’s trading fees are competitive compared to other brokers in the industry, and traders can find detailed information about the fees on the company’s website. It’s always a good idea to read the terms and conditions carefully before trading with any broker to fully understand the costs involved.

Markets.com Funding and Withdrawal Options

Markets.com offers a variety of funding and withdrawal options to suit the needs of its clients. The available options may vary depending on the client’s country of residence.

Deposit options:

• Credit/debit card: Markets.com accepts Visa, MasterCard, Maestro, and Diners Club cards. Deposits are usually processed instantly, and there are no deposit fees.
• Bank transfer: Deposits via bank transfer are also accepted, but they may take a few days to process. There are no deposit fees for bank transfers, but clients should check with their bank for any potential fees.
• E-wallets: Markets.com accepts several e-wallets, including Skrill, Neteller, and PayPal. Deposits are usually processed instantly, and there are no deposit fees.

Withdrawal options:

• Credit/debit card: Withdrawals to a credit/debit card may take up to 5 business days to process, and there may be withdrawal fees depending on the client’s country of residence.
• Bank transfer: Withdrawals via bank transfer may take up to 7 business days to process, and there may be withdrawal fees depending on the client’s country of residence.
• E-wallets: Withdrawals to e-wallets are usually processed within 24 hours, and there are no withdrawal fees.

Fees and processing time:

• Markets.com does not charge any deposit fees, but clients should check with their payment provider for any potential fees.
• Withdrawal fees may vary depending on the client’s country of residence and the withdrawal method used.
• Markets.com typically processes withdrawal requests within 24-48 hours, but the processing time may be longer depending on the withdrawal method used.

Overall, Markets.com offers a variety of funding and withdrawal options with competitive fees and processing times. Clients should carefully review the fees and processing times associated with each option before making a deposit or withdrawal.

Markets.com’ promotions

Markets.com periodically offers promotions and bonuses for its clients. However, the availability and terms of these promotions may vary depending on the client’s country of residence and the specific promotion being offered. It’s always a good idea to check with the broker’s website or customer support for the latest promotions and their terms and conditions.

Some examples of past promotions offered by Markets.com include:

1. Welcome bonus: This promotion offered a bonus to new clients who made their first deposit.
2. Cashback promotion: This promotion offered cashback on trades for a limited time.
3. Refer-a-friend bonus: This promotion offered a bonus to clients who referred friends to the platform.
4. Trading challenges: These challenges offered prizes to clients who achieved the highest profits or traded the most during a specific period.

It’s important to note that promotions and bonuses often come with terms and conditions, such as minimum deposit requirements, trading volume requirements, or time limits. Clients should carefully review the terms and conditions of any promotion before participating to ensure that they fully understand the requirements and potential limitations.

Markets.com customer support

Markets.com offers several channels of customer support to assist its clients, including:

1. Live chat: Clients can access live chat support directly from the Markets.com website. The live chat feature is available 24/5, Monday to Friday.
2. Phone support: Clients can contact Markets.com by phone during business hours. The phone support number is available on the company’s website.
3. Email support: Clients can send an email to Markets.com’s support team for assistance. The email address is also available on the company’s website.
4. FAQ section: Markets.com provides an extensive FAQ section on its website, which covers a wide range of topics, including account registration, funding and withdrawals, trading platforms, and more.

Overall, Markets.com provides a comprehensive range of customer support options to help its clients with any issues or questions they may have. The company’s support team is generally responsive and helpful, and clients can expect prompt assistance through any of the available support channels.

Markets.com Educational Resources

Markets.com offers a variety of educational resources to help its clients improve their trading knowledge and skills. Some of these resources include:

1. Trading guides: Markets.com offers a selection of trading guides covering various topics, including forex, stocks, indices, and commodities. These guides are designed to help clients understand the basics of trading and provide insights into different trading strategies.
2. Video tutorials: Markets.com offers a collection of video tutorials covering various aspects of trading, including technical analysis, risk management, and trading psychology.
3. Webinars: Markets.com hosts live webinars on a regular basis, covering various trading topics and featuring expert traders and analysts. Webinars provide an opportunity for clients to ask questions and interact with other traders.
4. Economic calendar: Markets.com provides an economic calendar, which lists upcoming economic events and their potential impact on the markets. This tool can be helpful for traders who use fundamental analysis in their trading strategies.
5. Market analysis: Markets.com provides regular market analysis and commentary, including daily market reports, technical analysis, and trading ideas. This can be helpful for traders looking for insights into market trends and potential trading opportunities.

Overall, Markets.com provides a variety of educational resources to help its clients improve their trading knowledge and skills. Traders can access these resources for free, and they are available to all clients regardless of their account type or trading experience.

Pros and cons of Markets.com

Pros of Markets.com:

1. Regulation: Markets.com is a regulated broker, which can give traders peace of mind knowing that the broker must adhere to strict regulatory standards.
2. Trading platforms: Markets.com offers a choice of trading platforms, including the popular MetaTrader 4 platform and its own proprietary platform, Marketsx. This provides flexibility for traders who prefer different trading tools and interfaces.
3. Education and research: Markets.com offers a range of educational resources, including trading guides, video tutorials, webinars, and market analysis, which can be helpful for traders looking to improve their knowledge and skills.
4. Range of financial instruments: Markets.com offers a wide range of financial instruments, including forex, stocks, indices, commodities, and cryptocurrencies, giving traders access to diverse trading opportunities.
5. Customer support: Markets.com provides multiple channels of customer support, including live chat, phone support, and email support, which can be helpful for traders who need assistance with their accounts or trading.

Cons of Markets.com:

1. Limited research tools: Although Markets.com offers market analysis and commentary, it may not provide as many research tools as some other brokers, which may be a drawback for some traders.
2. Inactivity fee: Markets.com charges an inactivity fee if clients do not use their account for a certain period, which can be a disadvantage for traders who do not trade frequently.
3. Limited cryptocurrency selection: Although Markets.com offers some cryptocurrencies for trading, the selection is limited compared to some other brokers.
4. Withdrawal fees: Markets.com charges fees for some withdrawal methods, which can be a disadvantage for traders who want to withdraw their funds frequently.
5. No U.S. clients: Markets.com does not accept clients from the United States, which can be a limitation for some traders in that region.

Frequently asked questions about Markets.com

What is Markets.com?

Markets.com is an online trading platform that provides access to a variety of financial instruments, including forex, stocks, commodities, indices, and cryptocurrencies. It is owned by TradeTech Markets (Australia) Pty Ltd and is regulated by various financial authorities.

How do I open an account with Markets.com?

To open an account with Markets.com, you need to fill out an online application form on their website and provide some personal and financial information. You will also need to verify your identity and provide proof of residence.

What financial instruments can I trade on Markets.com?

Markets.com offers a wide range of financial instruments, including forex, stocks, commodities, indices, and cryptocurrencies. You can trade over 2,200 different instruments on the platform.

Is Markets.com regulated?

Yes, Markets.com is regulated by several financial authorities, including the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA) in the UK, and the Cyprus Securities and Exchange Commission (CySEC).

What trading platforms does Markets.com offer?

Markets.com offers two trading platforms: MetaTrader 4 (MT4) and its own proprietary platform, Marketsx. MT4 is a popular trading platform used by many traders worldwide, while Marketsx is a more advanced platform that offers features like sentiment analysis, news feeds, and advanced charting tools.

What are the deposit and withdrawal options available on Markets.com?

Markets.com offers several deposit and withdrawal options, including credit/debit cards, bank transfers, and e-wallets like PayPal and Skrill.

What kind of customer support does Markets.com offer?

Markets.com offers 24/5 customer support via phone, email, and live chat. They also have an extensive FAQ section on their website and provide educational resources and webinars to help traders improve their skills.

Does Markets.com offer any bonuses or promotions?

Markets.com offers various bonuses and promotions from time to time, including welcome bonuses for new traders and deposit bonuses for existing clients. However, these bonuses come with terms and conditions that you should read carefully before accepting them.