Markets.com Review |
|
| 📅 Year founded |
2008 |
| 📈 Multiple top-tier regulation |
Yes |
| 📍 Headquarters |
Johannesburg, South Africa |
| 🌍 Country of regulation |
South Africa / United Kingdom / Cyprus / British Virgin Islands / Australia / Saint Vincent and the Grenadines |
| ✅ Regulators |
FSCA / FCA / CySec / BVI FSC / ASIC / FSC |
| 📈 Execution Type |
Market Execution |
| 💰 Minimum Deposit |
$100 USD |
| 🛡️ Negative Balance Protection |
Yes |
| 📉 Trading Platforms |
MetaTrader4 / MetaTrader5 / Markets.com Trading Platform |
| ☪ Islamic account |
Yes |
| 📉 Trading Instruments |
Forex / Indices / Commodities / Shares / ETFs / Bonds / Cryptocurrencies |
| 📱 Mobile trading |
iOS / Android / Windows |
| 💳 Payment Types Accepted |
Debit and Credit Card / Bank Wire Transfer / Skrill / OZOW / AO Pay |
| 🎮 Demo Account |
Yes |
| ⓒ Copy Trading |
Yes |
| 🎁 Bonus Offer |
Welcome Bonus / Loyal Bonus / Referral Bonus |
| 💰 Account Currencies |
USD / EUR / GBP / AUD / JPY / CAD |
| 📈 Minimum Trade |
0.01 Lots |
| 📈 Account Types |
STP / PAMM |
| 📈 Margin Trading |
Yes |
| 📈 Trading fees |
Low |
| 📈 Inactivity fee |
$10 USD after 3 consecutive months |
| 💰 Withdrawal fee |
None |
| ☎ Customer Support |
24/5 |
| 💰 Max. Leverage |
300:1 |
| ✔️ Hedging Allowed |
Yes |
| ✔️ Scalping Allowed |
Yes |
| 💰 Commission |
None |
| 💰 Spreads |
From 0.6 pips |
| 💰 Leverage |
Flexible |
| 💰 Currency Pairs (Total Forex pairs) |
56 + |
| 🔢 Number of clients |
4 700 000 + |
| 🥇 Instruments Offered |
480 + |
| 📙 Education |
Education Centre / Trading Videos / Webinars / marketsClub |
WHAT IS MARKETS.COM?
Markets.com is a globally renowned multi-asset brokerage and investment firm, catering to traders and investors across various financial markets.
Established in 2008, the platform has evolved into a trusted destination for individuals seeking exposure to various trading instruments.
With a commitment to transparency, innovation and client satisfaction, Markets.com has garnered a reputation for reliability and excellence in the competitive landscape of online trading.
One of the standout features of Markets.com is its stringent regulatory oversight across multiple jurisdictions. The broker operates under the supervision of reputable regulatory authorities, ensuring compliance with industry standards and safeguarding client interests.
Markets.com is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the British Virgin Islands Financial Services Commission (BVI FSC), the Australian Securities and Investments Commission (ASIC) in Australia and the Financial Services Authority (FSA) in Saint Vincent and the Grenadines. This extensive regulatory coverage underscores the broker’s commitment to maintaining the highest standards of integrity, transparency, and financial stability.
Markets.com prides itself on its innovative approach to trading technology, continually investing in cutting-edge solutions to empower traders and optimise their performance in the markets. The platform offers a range of advanced trading platforms including the industry-standard MetaTrader4 (MT4) and MetaTrader5 (MT5) platforms as well as its proprietary Markets.com trading platform.
These platforms are equipped with state-of-the-art charting tools, technical indicators, risk management features and algorithmic trading capabilities, enabling traders to execute their strategies with precision and efficiency.
Markets.com is a reputable brokerage firm with a global presence, regulatory compliance, cutting-edge technology and a commitment to customer support and education. Whether traders are looking to diversify their portfolios, explore new investment opportunities, or enhance their trading skills, Markets.com offers a secure and reliable platform to fulfil their financial goals and aspirations.
INTRODUCTION
Markets.com, headquartered in the vibrant financial hub of Johannesburg, South Africa, has emerged as a leading force in the online trading industry since its inception in 2008.
With a focus on innovation, integrity and accessibility, Markets.com has swiftly carved out a niche for itself, attracting traders from around the globe seeking dynamic opportunities in the financial markets.
Founded on the principles of transparency and client-centricity, Markets.com has established itself as a trusted partner for traders of all experience levels, from novices exploring the world of trading to seasoned professionals navigating complex market dynamics. The broker’s unwavering commitment to ethical conduct, regulatory compliance and technological innovation sets it apart in an ever-evolving landscape characterized by rapid changes and fierce competition.
PROS & CONS
PROS
- Comprehensive range of trading instruments with over 480 available.
- Advanced trading platforms and tools.
- Strong regulatory framework.
- Extensive educational and research resources.
- No commission charges on trades.
CONS
- Limited account types.
- Traders can’t access raw spreads.
TRADING INSTRUMENTS
Markets.com boasts an extensive array of trading instruments, providing traders with unparalleled opportunities to diversify their portfolios and capitalise on global market trends.
From traditional assets like forex and indices to emerging markets such as cryptocurrencies, Markets.com offers a comprehensive selection tailored to meet the diverse needs and preferences of traders worldwide.
Forex
As a cornerstone of the global financial markets, forex (foreign exchange) trading lies at the heart of Markets.com’s offering.
Traders can access a wide range of currency pairs including major, minor and exotic pairs, allowing them to capitalise on fluctuations in exchange rates and economic trends across different regions.
Indices
Indices represent baskets of stocks that track the performance of specific sectors, industries or regions. Markets.com provides access to a diverse range of global indices including the S&P 500, FTSE 100, DAX 30 and Nikkei 225, enabling traders to speculate on broader market trends and diversify their investment portfolios.
Commodities
From precious metals like gold and silver to energy commodities such as oil and natural gas, Markets.com offers a comprehensive selection of commodities for traders seeking exposure to physical assets. Commodities trading allows investors to hedge against inflation, geopolitical risks and supply-demand dynamics in global markets.
Shares
Markets.com enables traders to invest in individual stocks of leading companies listed on major stock exchanges worldwide. With a diverse range of shares available including blue-chip stocks, tech giants and emerging market companies, traders can capitalise on corporate earnings, industry trends and market sentiment.
ETFs (Exchange-Traded Funds)
ETFs provide traders with a cost-effective and efficient way to gain exposure to diversified portfolios of assets including stocks, bonds, commodities and currencies. Markets.com offers a wide selection of ETFs covering various sectors, regions and investment strategies, catering to both short-term traders and long-term investors.
Bonds
For traders seeking fixed-income securities, Markets.com provides access to government bonds, corporate bonds and other debt instruments issued by reputable entities around the world. Bonds offer a reliable source of income and serve as a vital component of diversified investment portfolios.
Cryptocurrencies
With the rise of digital currencies, Markets.com enables traders to participate in the dynamic world of cryptocurrency trading. From Bitcoin and Ethereum to Ripple and Litecoin, traders can speculate on price movements in the cryptocurrency market, harnessing the potential for high volatility and long-term growth opportunities.
Markets.com offers a diverse range of trading instruments encompassing forex, indices, commodities, shares, ETFs, bonds and cryptocurrencies. With access to a wide spectrum of assets, traders can tailor their investment strategies to suit their risk tolerance, investment objectives and market outlook, empowering them to seize opportunities and navigate market fluctuations with confidence and precision.
TRADING PLATFORMS
Markets.com provides traders with a selection of cutting-edge trading platforms designed to cater to their diverse needs, preferences and trading styles.
Whether traders prefer the familiarity and robust functionality of MetaTrader4 (MT4) and MetaTrader5 (MT5) or the intuitive interface and advanced features of the proprietary Markets.com trading platform, they can access a comprehensive suite of tools and resources to optimise their trading experience.
MetaTrader4 (MT4)
Renowned for its reliability, flexibility and user-friendly interface, MT4 remains one of the most popular trading platforms in the industry.
Markets.com offers MT4 as a downloadable desktop application, providing traders with access to a wide range of features including advanced charting tools, technical indicators, expert advisors (Eas) and customisable trading strategies.
With its robust performance and seamless execution, MT4 is ideal for both novice and experienced traders alike.
MetaTrader5 (MT5)
Building on the success of its predecessor, MT5 offers enhanced functionality and advanced trading capabilities designed to meet the evolving needs of modern traders.
Markets.com supports MT5 as a downloadable desktop application, enabling traders to access a broader range of financial instruments including stocks, commodities and cryptocurrencies, in addition to forex and indices.
With its multi-asset platform and powerful analytical tools, MT5 provides traders with the flexibility and versatility to execute their trading strategies with precision and efficiency.
Markets.com Trading Platform
In addition to MT4 and MT5, Markets.com offers its proprietary trading platform, accessible via web browsers without the need for any downloads or installations.
The Markets.com trading platform combines simplicity with sophistication, providing traders with an intuitive interface, real-time market data and advanced charting tools to analyse market trends and make informed trading decisions.
With its user-friendly design and seamless navigation, the Markets.com trading platform is ideal for traders who prefer the convenience of web-based trading and value accessibility without compromising on functionality.
For traders on the go, Markets.com offers mobile trading solutions compatible with iOS and Android devices, allowing traders to access the markets anytime, anywhere. Whether using the MT4 or MT5 mobile apps or the Markets.com mobile app, traders can execute trades, monitor positions and stay updated on market developments with ease, ensuring they never miss out on trading opportunities or market insights.
Markets.com caters to traders’ diverse needs with a range of trading platforms including MT4, MT5 and the proprietary Markets.com trading platform. Whether trading from a desktop computer, web browser or mobile device, traders can access a comprehensive suite of tools and resources to enhance their trading experience and maximise their potential for success in the global financial markets.
ACCOUNT TYPES
Markets.com offers a streamlined account structure designed to accommodate the needs of both retail and professional traders. With a focus on simplicity and accessibility, the broker provides two main types of accounts: the Retail account and the Professional account.
Retail Account
The Retail account is tailored for individual traders seeking a straightforward and user-friendly trading experience. With low minimum deposit requirements of only $100 USD and flexible trading conditions, the Retail account is ideal for beginners and casual traders looking to dip their toes into the world of online trading.
Retail account holders can access all trading instruments offered by the broker with low spreads starting from 0.6 pips and no commissions charged on trades. Additionally, traders can access leverage of up to 300:1 on the Retail account.
Professional Account
For experienced traders with a high level of expertise and significant trading volumes, Markets.com offers the Professional account. Designed to cater to the needs of professional traders, this account type provides access to enhanced trading conditions including higher leverage limits, lower margin requirements and priority customer support.
Professional account holders can take advantage of advanced trading tools and resources to execute their trading strategies with precision and efficiency, while enjoying preferential treatment and personalised services tailored to their individual needs and preferences.
Whether traders are new to the markets or seasoned professionals, Markets.com provides the necessary tools, resources and support to help them achieve their trading goals and navigate the complexities of the financial markets with confidence and conviction.
HOW TO OPEN AN ACCOUNT
Opening an account with Markets.com is straightforward and can be done via the broker’s website. Firstly, traders are required to submit their personal information and all documents required by the broker.
Once the documents have been verified, traders are able to deposit their funds and begin trading.
DEMO ACCOUNT
The broker provides a demo account loaded with virtual funds, allowing new users to practice trading strategies, familiarise themselves with the platform and understand market dynamics without financial risk.
The demo account is also useful to more experienced traders wishing to back test strategies before implementing them on their live accounts.
SOCIAL TRADING AND COPY TRADING
Markets.com supports social and copy trading through integrated services that allow traders to follow and replicate the positions of experienced traders, fostering a collaborative trading environment. This is done through the use of Eas, available on the MT4 and MT5 platforms, as well as the broker’s provision of the Social Trading app.
The broker’s Social Trading app allows traders to become either a follower or a signal provider and grants traders access to a host of top signal providers to follow.
COMMISSIONS AND FEES
Markets.com operates with a zero-commission model on all trades, making money through spreads and swaps. Spreads on the Retail account start from as little as 0.6 pips and means that traders are charged transparent fees in their trading.
Additionally, the broker charges an inactivity fee of $10 USD monthly for accounts that have been inactive for a period of 3 consecutive months.
LEVERAGE
The leverage offered varies by instrument and trader’s regulatory region but generally the maximum leverage available is 300:1 for retail traders. On the Professional account, traders are able to access higher leverage but the amount is not specified by the broker.
WITHDRAWALS AND DEPOSITS
Markets.com supports multiple deposit and withdrawal methods including bank transfers, credit and debit cards and various eWallets. The broker strives for quick processing times, though withdrawal times can vary depending on the method used.
Additionally, there are no fees charged by the broker on withdrawals or deposits, although fees may be charged by third-party service providers depending on the transaction method used.
CUSTOMER SERVICE
Customer service at Markets.com is available 24/5 via live chat, email and phone. The support team is knowledgeable and responsive, providing assistance in multiple languages.
SAFETY AND SECURITY
Markets.com prioritises the safety and security of its clients’ funds and personal information, employing stringent measures to ensure a secure trading environment.
As a regulated broker, Markets.com operates under the oversight of multiple reputable regulatory bodies around the world, providing clients with added peace of mind and confidence in the integrity and reliability of the platform.
Financial Conduct Authority (FCA) – UK
As one of the most respected financial regulators globally, the FCA imposes strict standards on financial services firms to ensure consumer protection, market integrity and operational transparency. Markets.com’s adherence to FCA regulations demonstrates its commitment to upholding the highest ethical and professional standards in the industry.
Cyprus Securities and Exchange Commission (CySEC) – Cyprus
CySEC’s regulatory framework aims to safeguard investor interests, maintain market stability and promote fair and transparent financial markets. By operating under CySEC’s supervision, Markets.com ensures compliance with regulatory requirements and enhances the safety and security of client funds.
Financial Sector Conduct Authority (FSCA) – South Africa
As the regulatory authority responsible for overseeing financial services providers in South Africa, the FSCA plays a crucial role in protecting investors and maintaining the integrity of the financial markets. Markets.com’s compliance with FSCA regulations underscores its commitment to providing a secure and trustworthy trading environment for South African traders.
Australian Securities and Investments Commission (ASIC) – Australia
ASIC regulates financial services firms operating in Australia, with a focus on promoting market integrity, investor confidence and consumer protection. Markets.com’s authorisation by ASIC demonstrates its adherence to stringent regulatory standards and commitment to ensuring the safety and security of Australian clients’ investments.
British Virgin Islands Financial Services Commission (BVI FSC) – British Virgin Islands
The BVI FSC regulates financial services firms in the British Virgin Islands, ensuring compliance with regulatory requirements and safeguarding investor interests. Markets.com’s authorisation by the BVI FSC underscores its commitment to transparency, accountability and regulatory compliance in the jurisdiction.
Markets.com takes client fund protection seriously and adheres to strict protocols to safeguard client funds. Client funds are held in segregated bank accounts separate from the broker’s operational funds, ensuring that client funds remain secure and protected from potential misuse or misappropriation.
Additionally, Markets.com participates in investor compensation schemes where applicable, providing clients with an additional layer of protection in the event of insolvency or financial distress.
In addition to financial security, Markets.com prioritises the protection of client data and personal information. The broker employs advanced encryption technologies and robust cybersecurity measures to safeguard client data against unauthorised access, cyberattacks and data breaches.
Markets.com is committed to maintaining the highest standards of safety and security for its clients, as evidenced by its regulation by reputable regulatory authorities, adherence to strict client fund protection measures and implementation of robust data security protocols. Traders can trade with confidence on the Markets.com platform, knowing that their funds and personal information are protected by industry-leading safeguards and regulatory oversight.
PROMOTIONS
Periodic promotions and bonuses are offered, subject to regulatory restrictions. Currently, the broker offers a Welcome Bonus, Loyal Bonus and a Referral Bonus.
The terms and conditions for these bonuses are easily found on the broker’s website and are not included here as they are subject to change on a regular basis.
RESEARCH
The broker offers extensive research resources including daily news updates, a trader’s clinic and webinars to help traders make informed decisions. Additionally, through the provision of the MetaTrader platforms, traders are able to access the wide range of research tools available on the platforms.
EDUCATION
Markets.com provides a comprehensive educational suite known as the Education Centre, where traders are able to access various educational resources. Outside of this, the broker also provides various video tutorials, trading basics and access to the marketsClub, which contains further educational and research tools.
Markets.com clearly provides one of the most in-depth educational offerings, highlighting their commitment to their traders’ success.
GLOBAL AWARDS
Over the years, Markets.com has received numerous awards, acknowledging its service excellence, innovative technology and comprehensive educational resources. Some of their most recent awards include the following:
- Best CFD Trading Conditions (2023) – AllForex.
- Best Trading Platform (2020) – FXScouts.
SAFE OR SCAM?
Markets.com is considered a safe and reputable broker, operating under the regulatory oversight of multiple respected authorities. These regulatory bodies enforce strict standards to ensure the integrity of financial markets, protect investor interests and promote transparency and accountability among financial services providers.
Additionally, Markets.com prioritises client fund protection by holding client funds in segregated accounts separate from the broker’s operational funds. This ensures that client funds remain secure and protected, even in the unlikely event of insolvency or financial distress.
The broker also employs advanced encryption technologies and robust cybersecurity measures to safeguard client data and personal information, maintaining the confidentiality and integrity of client accounts.
With its strong regulatory framework, commitment to client fund protection and adherence to strict data security protocols, Markets.com has earned a reputation as a trustworthy and reliable broker in the online trading industry. Traders can trade with confidence on the Markets.com platform, knowing that they are dealing with a reputable broker that prioritises the safety and security of their funds and personal information.
CONCLUSION
Markets.com stands out as a robust platform suitable for traders seeking a wide range of instruments and advanced trading tools. While it may improve by offering more competitive spreads and additional account types, its commitment to safety, innovation and trader education makes it a commendable choice for both new and experienced traders.
After conducting the above review into this broker, the team at Brokersuggest.com highly recommends Markets.com as one of the best brokers in the industry.
