Markets.com Review 2020

  • Markets.com, which was Markets.com in the previous year, is an online brokerage firm that allows trading CFD and Forex. The brokerage platform is owned and operated by Safecap Investments Limited.
  • Markets.com is being regulated by financial authorities such as the Cypriot, CySEC, and the UK FCA. Currently, the company is in Nicosia, Cyprus.
  • The Markets.com website notes that it aims to add an ‘X Factor’ in trading activity by its state-of-the-art tools and services. It claims to empower the traders with upgraded offerings. Markets.com differs largely from the rest of the brokerage platform when it comes to the lowest spreads in the market. Also, it provides VIP customer services.
  • If we dig more about the platform through Markets.com reviews, it charges a fee for inactivity on the trading platform. Markets.com is regulated in Cyprus, South Africa, Australia, UK, B.V.I (British Virgin Islands). The platform doesn’t require any withdrawal fee while it demands a minimum deposit amount of $250. It supports at least 9 types of currencies.
  • A bit of investment advice, CFDs are highly complex instruments and come with a high risk of losing money quickly because of leverage. 72% of retail investor accounts lose money when trading CFDs with this broker.
Markets-com-Review-Premium-Trading-ExperienceMarkets.com Review – Premium Trading Experience

What is Markets.com?

  • Markets.com is one of the leading and large brokerage firm and it is fastest developing brokers among forex and CFD providers by offering a user-friendly platform and access to more than 2000 trading assets, this includes indices, shares, cryptocurrencies, currencies, commodities, CFDs with zero fees or commissions, and offers leverage ratios of 1:400.
  • Coming back to regulation, this broker is regulated by several top-tier regulatory bodies which show it is a legitimate broker. Moreover, Markets.com offers its clients good customer support in multiple languages and its website can be accessed in 15 languages. As a trader, you can contact the customer service at any time, as the support team is available through live chat or email, 24×5.

Basic Pros and Cons of Markets.com

Pros Cons
Fast and free deposit and withdrawal service Services come with High trading fees
can use options like credit/debit cards or electronic wallets Trading activities limited to CFDs and FX
Helpful research tools It does not provide two-step authentication.

Background:

As per our Markets.com review, this trading platform holds a long experience as a broker, as it is operating in its field at least for more than 9 years now. However, it has a bit of a tricky journey till now. In Cyprus, This broker is operated by Safecap Investments Limited. Actually, TradeTech Markets is a company traded on the London Stock Exchange.

Markets.com Reviews - Who We Are?

Markets.com Introduction

Markets.com affiliation to a company that is listed on major exchanges is a positive sign. As Markets.com is regulated by at least one top-tier financial authority, it comes across as a safe platform for mobile trading.

Payment Methods

Markets.com offers several payment methods for deposits and withdrawals. According to Markets.com reviews, by submitting a simple request, the trader can deposit or withdraw their money. Moreover, these payment methods are also available through the mobile application of Markets.com. They accept several payment options for deposits which include credit and debit card – visa, Mastercard, maestro card, solo, laser card or switch, wire transfers, fast wire transfers in local currency. They also accept e-wallets, Skrill, Paypal, Neteller, and several others.

What Can be traded with this broker?

  • By using the Markets.com platform, the traders can select from a wide range of 2200 asset classes. Besides, Forex traders can have more choice with 67 currency pairs followed by six cryptocurrencies.
  • Additionally, the cross-asset diversification process is enabled for 26 commodities, equities, CFDs, which comprise the bulk of the assets.
  • Markets.com also offers the largest trading opportunities thereby offering 42 index CFDs, 21 blends, and 59 ETFs, and it also offers bonds for the traders.
  • On the whole, the asset selection offered by the Markets.com is good for asset managers and also for retail traders.
Markets.com Review - Features

Markets.com Features

Mobile trading

By providing MetaTrader 4 native apps for mobile, this broker also offers its proprietary mobile app which is a counterpart to the web-based platform. Like the MetaTrader 4 mobile, the app of Markets.com is available for IOS and Android devices. The Markets.com mobile app integrates many features that are found in a web-based platform, by keeping a consistent look and design over both the platforms by offering all the features.

Accounts

At Markets.com, citizens of the USA, Canada, New-Zealand, Hong Kong, Japan, South-Korea, Israel, Russia, Brazil, Turkey, and Belgium cannot open an account. Here, you need to pay $250 to open an account, which seems not so costly. A demo account facility is also available here. The process of account opening at Markets.com is easy and fast as it is fully digital. It can take a day to open an account here.

  1. Fill up personal and financial information
  2. Go through a trading knowledge test
  3. Get your docs/ID verified
  4. The account is opened

Markets-com-Reviews-Open-Account-at-Markets-comMarkets.com Account Opening

Account Opening Process

  • The account opening process with Markets.com is simple and fast and this trading platform is suitable for new and professional traders. To start opening an account with Markets.com, the trader needs to click create an account, given on the Markets.com website, which leads them to the registration page.
  • From that point onwards, the traders will be redirected automatically to the Markets.com trading platform, and they will be asked whether they would like to go for a demo trading account for a live trading account. Registration is completed after the verification process.
  • Markets.com registration process consists of simple steps, as a trader you need to provide personal information, financial information, tax information, financial knowledge, and trading experience. When this is done, the traders can verify by uploading a proof of residence and a proof of identification document for further process.
  • Furthermore, the Markets.com trading accounts can be funded with EUR, USD or GBP, with the minimum deposit of 250 USD/EUR/GBP. Besides, retail clients are provided with a maximum of 1:30 and higher leverage is offered for professional clients with exclusive terms and conditions.

Trading Products

The website of MarketsX shows below options for trading:

  • Forex
  • Stocks
  • Commodities
  • Indices
  • Bonds
  • ETFs
  • Blends
  • As per our Markets.com review, while it is a multi-asset trading platform, it mainly focuses on trading CFDs and forex. Here, you can actively trade with CFDs, forex, a few cryptos, and CFD funds.
  • Regarding cryptos, it gives options, including major coins like Bitcoin Futures, Ripple, Ethereum, and more. Moreover, for CFD trading, Markets.com offers as many options as platforms like Plus500 and eToro. However, Plus500 and eToro are better when it comes to the crypto market.
  • Traders can manage their investments using Markets.com Web Trader and the Markets app. Also, the mobile-optimized site can work on all mobile devices. One can get the app through Google play and App-store.
  • A bit of investment advice, CFDs are highly complex instruments and come with a high risk of losing money quickly because of leverage. 72% of retail investor accounts lose money when trading CFDs with this broker.

CFDs

  • Here at Markets.com, CFD (contract for difference) trading is fully regulated. Trading CFDs stand as one of the fastest-growing investment styles in the world. It reflects the movement of the underlying asset, although you never own the asset. Traders can get profit from the difference between the opening price and the closing price. Also, this broker offers negative balance protection for its traders.
  • This trading platform offers CFD trading services in the UK, Europe, Australia, Africa, and BVI. Find here more UK’s forex broker to get your best trading brokers for Forex, CFD & other trading services.Markets.com’ size and scale play a key role to provide a more relevant offering that reflects where a trader stands in the world, including the local regulations.
  • A bit of investment advice, CFDs are highly complex instruments and come with a high risk of losing money quickly because of leverage. 72% of retail investor accounts lose money when trading CFDs with this broker. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Markets.com Review - Our CFDs

Markets.com CFDs

Placing Orders

A basic set of orders are offered at MarketsX. The platform doesn’t come up with sophisticated options. The types of orders include:

  • Market
  • Limit
  • Stop

Alerts and notifications

We found from the Markets.com review that many traders like these broker’s features. With this, one can set up email, SMS notifications as well as price alerts. However, for order confirmation, there is no notification service.

Tools on the Platform for Analysis

There are four types of tools for analysis including fundamental, technical, sentiment and X-ray. Here, fundamental tools give you an all-round and in-depth view of the economic factors that may affect your trades. These tools basically contribute to the trade performance with greater transparency of the markets, and the ability to identify and act on trends as they happen.

Markets.com Reviews - Tools and Analysis of Markets.com

Markets.com Latest Analysis

  • Fundamental tools
    • Events & Trade

      Markets.com is an interactive economic calendar for the FX markets which manifests all the big data releases such as central banks, non-farm payrolls, PMIs & more.

      The proprietary algorithm scans consensus data from over 30 leading economists across the globe. This can provide the results as the markets move.

    • Dow Jones News

      This option makes sure that the traders know the market moves which could impact their decisions. Also, it shows the top 20 most important news events on the world market curated by expert journalists.

    • Thomson Reuters Analyst Research

      This gives you essential information, along with mobile trading insight. The stock report is a company-specific technical analysis that includes an average stock rating supported by indicators and key data. This is basically a downloadable report by Thomson Reuters and available directly from the Markets.com platform.

    • Advanced Alerts

      There are eight different types of alerts, starting from simple alerts to more complex ones. simple alerts will let you know price movements while complex ones can suggest you an expert’s change of opinion on your asset.

    • Financial Commentary

      Here, you will find all the news that affects market moves in real-time. Relevancy is a major plus here. Commentary is given by ForexLive.com.

  • Technical tools
    • Advanced Charting

      It shows easily identifiable market trends with opportunities that might have been missed. The tool is pretty much fast, user-friendly and of a professional grade. It also displays multiple charts in a single view.

  • Sentiment tools
    • Analyst Recommendations

      Here, you can gain knowledge from market experts. A trader can search through top Wall Street analysts and filter them by their star rating, and get their position on the biggest stocks.

    • Hedge Fund Confidence

      This can indicate where Hedge Funds are investing their money. For this, it uses the data from the SEC. Meanwhile, it also shows how fund managers are performing against their peers.

    • Bloggers Opinion

      The platform fetches views of more than 50,000 financial bloggers in this section to figure out where they think the market will go. One can follow their stock picks and get alerts when their position on asset changes.

    • XRay

      Markets.com offers a chance to interact with and ask questions to the experts. This helps the traders to get a market insight on everything that matters to an investor in the markets. This covers vital decision-making news, views, opinions, and trading strategies.

Fee Structure:

  • MarketsX has a pretty reasonable fee structure. Here, a trader does not need to pay account, deposit or withdrawal fees. Also, the CFD fees are low. However, the platform charges a fee for inactivity and financing rates, plus forex fees are also there.
  • We get to know from Markets.com reviews that as far as forex and stock index trading is concerned, spreads and financing rates occupy a major part of fees. MarketsX charges high trading fees for forex. As compared to MarketsX, its peers like Plus500 or eToro charge less for the same.
  • The trading platform seems reliable when it comes to non-trading fees in general. Although, for inactivity, one has to pay $10/month after a 3-month long inactive period.

Customer Services and Safety

  • MarketsX’s customer service is reliable enough. Traders consider it a reachable one as it is quick too. It can be reached through several channels but is not available on weekends.
  • One can get in touch with MarketsX using live chat, phone, and email. If one wants to connect via phone, a local phone number can help as there is no need for an international call.
  • On the other side, the customer service cannot be reached on the weekends, though its availability is 24/5.
  • If we talk about its safety, MarketsX is considered as a low risk platform for trading. However, it doesn’t hold any banking license. As the firm is regulated by top-tier financial authorities, it seems safe and reliable enough. It also provides negative balance protection.

Learning and Research

    • Markets.com covers regular webinars and tutorial videos under this section. They also offer a demo account to have hands-on experience regarding trading. The types of videos fall under this include platform tutorial videos, short videos about trading tips. A few videos are as long as 60 minutes too. Moreover, general educational videos are also part of its education section.
    • The broker’s research has been impressive until now. Markets.com offers helpful trading tools, recommendations, sentiments, economic calendar as well as good quality news flow.
    • Trading ideas given by MarketsX are also up to the mark. They are clear and indicate both the direction and the target prices providing to broaden the spectrum of a trader’s insight.The platform provides recommendations from top-tier bank analysts (J.P. Morgan, Goldman Sachs, Merrill Lynch and some others) mostly regarding shares.
    • These analysts are ranked according to their past performance. Bloggers also get to write about some of the stocks here in sections like Seeking Alpha or The Motley Fool. A trader can also witness how the company’s management or its other stakeholders traded with the stock at ‘Insider Trades sentiment.’
Markets-com Reviews-Tools of Markets-com
Markets.com Knowledge Centre

Wrap up

Markets.com is one of a decent brokerage company based on the Markets.com reviews, and if you are interested in CFD trading, it can fit your needs. While it gives an impressive research facility with efficient trading tools than other forex trading tools, its trading fees are high. The platform largely focuses on trading CFDs and Forex trading, also, it has kept its account opening process easy and hassle-free. Multiple top-tier financial regulators, like the FCA and the ASIC, are regulating Markets.com.

FAQ’s

1. Is Markets.com a good broker?

Markets.com is one of the leading online brokers and it is regulated in two tier-1 jurisdictions, which makes it a safe broker or a low-risk broker for CFD and Forex trading. Markets.com’s web-based platform is well designed, easy to use, and it also includes an array of features that includes market analysis, integrated research, educational videos, and webinars.

2. Is Markets.com regulated?

Markets.com is regulated by the British Virgin Islands Financial Service Commission, the Cyprus Securities and Exchange Commission, the Australian Securities and Investment Commission, the UK Financial Conduct Authority, and the Financial Sector Conduct Authority of South Africa.

3. Is Markets.com suitable for beginners?

From Markets.com review, we can say that it is a genuine broker offering educational materials by providing a basic introduction about trading, webinars for the new traders. Their in-house research team provides the latest trading ideas and the overall service and product selection make Markets.com a suitable broker for beginners and experienced traders.

4. Is Markets.com safe or a scam?

Markets.com is a worldwide brand and trademark operated by Safecap investment limited, which is located in Cyprus and it is regulated by top-class regulatory bodies such as Cyprus Securities and Exchange Commission, FSB in South Africa, and the Australian ASIC.

Marketsx

8.5

SUPPORT

7.8/10

REPUTATION

9.6/10

SECURITY

8.6/10

PAYMENT OPTIONS

7.9/10

USER EXPERIENCE

8.8/10

Pros

  • Fast and free deposit and withdrawal service
  • can use options like credit/debit cards or electronic wallets
  • Helpful research tools

Cons

  • Services come with High trading fees
  • Trading activities limited to CFDs and FX
  • It does not provide two-step authentication.

Thomas Gillard

Thomas is news editor at CoinNewsSpan. He has worked as a sub editor for leading newspapers and magazines. He is responsible for streamlining the news that would go live on the site. He singlehandedly executes different editorial decisions that are taken from time to time. His primary focus areas include Ethereum and Ripple and crypto mining.
Back to top button