Markets.com is a part of an organization Safecap Investments Limited, a foreign exchange and CFD broker, which is based in Cyprus and is regulated by CySEC, FSB and FSA UK. Markets.com is considered to be a relatively young forex broker with unstained reputation, established in 2008.
Please note that traders from the US and Canada are not accepted, thus if you are a resident of these countries, it is recommended to look at other top brokers.
Key Markets.com Features
Markets.com is an outstanding FX broker, which is considered to be one of the best due to the appropriate combination of the features.
Trading forex online with markets.com becomes a wonderful experience due to the following reasons:
- Wide range of trading platforms available, including MetaTrader 4
- Live chat and support in more than 15 languages
- Numerous educational possibilities, ranging from e-books to live webinars
- Great set of tools for analysis, including forexpros.com economic calendar
- Free trading signals
- Various deposit bonus campaigns
- Extensive range of payment options
The aforementioned factors truly make markets.com one of the best forex brokers on the market; however this markets.com review will also cover weak sides of the broker.
Markets.com Weak Points
Generally saying, if you have a strong risk appetite, then markets.com is not for you, because this broker offers leverage up to 1:200. Although such leverage would be satisfactory for majority of the traders, it can be regarded as disadvantage. The other disadvantage is that traders from US cannot open an account at markets.com.
Markets.com Trading Accounts
Markets.com has a wide selection of the trading accounts which are suitable for the traders of any calibre.
If you are just starting your trading career and you are in a stage of finding a decent forex broker, click here to open your free practice account with Markets.com.
This account will give you an overview of trading conditions, introduce you to trading platforms and will allow you to start trading with zero risk involved.
If you open a practice account, you will always have an option to upgrade to any type of a real account.
This type of account is suitable for the starting traders, the ones that have a limited investment capital.
To qualify for Mini Account a minimum deposit of 100 USD is required.
The holders of this account are provided with the access to the news sources on mobile devices for a discounted rate, which is only 20 USD per month.
Also, Markets.com provides a welcome bonus of up to 250 USD for Mini Account holders.
If you are a mid-size investor, then this type of account is perfect match for you. To open a Standard Account at Markets.com an initial deposit of at least 2,500 USD is needed. Conversely, Markets.com will reward Standard Account holders with up to 2,000 USD of the bonus.
Traders with large investment capital will be extremely satisfied with the royal treatment provided to VIP Account holders by Markets.com. This account is available with a starting deposit of 20,000 USD. VIP Package includes many outstanding features, which include the unlimited access to News via Mobile devices, Free Forex Signals via SMS and much more!
Markets.com Bonus Conditions
Numerous brokers provide bonuses on your deposits, however it is very important to take a good look at the conditions of these bonuses. As for Markets.com, its conditions for bonuses are more than attractive:
- You get bonus straight away
- 1 lot of trading volume corresponds to 10 USD of the bonus
- No time restriction for your positions
- No minimum profit/loss values
- Time to fulfil the trading volume is unlimited
- Your funds can be withdrawn anytime
Markets.com Trading Software
Most popular trading platform for professional Forex and CFD trading activities is available at Markets.com.
MT4 key advantages are:
- One-click trading
- Instant order execution
- Powerful charting tools
- Multiple timeframes
- Extensive amount of charts
- Expert Advisors (Auto trading) coded in MQL4
Markets.com also provides you with an access to Sirix WebTrader, which synchs up to your MT4 account. This feature allows you to trade from your MT4 account directly via any computer with no need for installation.
This in a unique trading software available in the following editions:
- MarketTrader – windows version
- Market Java Trader – web-based version
- Market iTrader – iPhone and iPad compatible version
- Market Mobile Trader – HTML5 version, compatible with iPhone, Android Blackberry and other phones with HTML5 browser support
- Market WAP Trader – application that allows trading from any type of the phone.
MarketTrader is not as popular as MetaTrader 4, however it is not worse. The main disadvantage of MarketTrader is that it does not support Expert Advisors. Among MarketTrader advantages, a flexible and one-click drag-and-drop interface is the most important. Also, this software provides you with the full set of analytical tools.
Markets.com Trading Conditions
Markets.com provides a fixed leverage 200:1 on all of its 50 currency pairs, as well as 24 hour market access to most of its currencies (EUR/CZK, EUR/RON, USD/CZK, USD/RUB, USD/RON cannot be traded 24h)
Markets.com offers competitive spreads, starting from 1 pips on majors.
The minimum trading size is quite standard – 0.01 lot, or 10,000 of currency units.
There are 16 different CFD for commodities available at Markets.com, among which you can find Crude Oil, Metals, Corn, Wheat, Sugar, Rice, Gas and even Cocoa.
CFD Traders will find superior trading conditions at Markets.com, especially it concerns the leverage, which is either 100:1 or 50:1, depending on the instrument.
The spreads for CFD instruments are quite low, starting from 0.006 USD.
Please note that all of the CFD for commodities have limited trading hours.
Besides commodities, Markets.com provides with its traders with the largest selection of CFD for Indices and CFD for Stocks.
CFD for Stocks are executed with the leverage up to 20:1, extremely low spreads as 0.1 USD and a tiny commission of 0.1%
Markets.com Deposits and Withdrawals Methods
Markets.com also tries to assist its clients by providing the most comfortable ways of transferring money from and to the trading account.
As for deposits, currently the following methods are available:
- Credit/Debit cards – Visa, Mastercard or Diners Club
- POLi – a quick way to make payments via your bank account
- Neosurf – a prepaid card used for Internet payments
- TeleIngreso – this payment service allows you to pay directly from ATM, Post Office and many other places
- Liberty Reserve – this is an outstanding eWallet payment option
- WebMoney – execute Internet transactions in WebMoney units
- Fast Wire Transfer – an upgraded version of a simple Wire Transfer with outstanding speed of delivery. The best option for the non-euro zone residents
- Wire Transfer – a simple transfer from one bank account to another
Please note that some of the payment options may not be available for all of the countries, as well as additional payment options can be available for certain countries.
All of the clients of Markets.com are provided with excellent customer service, mentoring and one-on-one trainings. Besides that, there are numerous free educational possibilities available, ranging from e-book to live trading seminars. Also, Customer Support is accessible 24/5 via live chat and e-mail. Phone support is offered in 25 local numbers.
According to our research, the live support response time, overall service and waiting time is generally twice as better comparing to other brokers.
Markets.com Review Summary
Markets.com is quite a new member in forex brokerage industry, however so far it has been showing the greatest level of the service and unstained reputation. Thus it is licensed by two EU authorities, CySec (Cyprus) and FSA (UK), as well as FSB (South Africa).
The practice accounts are available at no charge and the minimum deposit required for real account trading is 100 USD. Markets.com provides the clients with attractive bonuses that have extremely appealing conditions.
As for the trading conditions and software, Markets.com really does a great job, by providing 24h market access to 50 currency pairs and numerous CFD via MT4 and MarketTrader trading platforms.
It can be said that this forex broker is highly recommended for both new and experienced traders. However, it is much better to find out yourself, so sign up for a free demo account here and check out Markets.com trading