Recently acquired by the FTSE 250 listed company, Playtech Plc, Markets.com is one of the world’s fastest growing online forex and CFD trading platforms. The platform is operated by Safecap Investments Ltd and is authorized by the Cyprus Securities Exchange Commission (CySEC), under the CIF license number: 092/08. In addition to the CySEC regulatory oversight, Markets.com operation is also regulated by the South African Financial Services Board (FSB).
80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Three trading platforms are provided by Markets.com. These include the popular MetaTrader4 platform, the Sirix WebTrader and mobile trading apps for Android and iOS mobile devices.
This is the industry standard trading platform and is currently the most popular platform, used by both brokers and traders. Highly reliable and versatile, the MT4 platform comes with a complete charting package and a wide range of tools. In addition, it has a built-in programming language editor which users of the platform can use to customize it.
A web based trading platform, the Markets.com WebTrader is compatible with most computers. It requires a web browser to access and is highly secured. Designed for ease of use, the Web Trader is also fully equipped with a variety of tools which makes it as powerful as the MT4 platform.
For the convenience of traders who are constantly on the move, the mobile trading apps allow traders to keep in touch with the financial markets from their smartphones and mobile devices. Developed using HTML 5, the apps are compatible for both Android and iOS devices.
Markets.com CFD service facilitates the trading of a huge range of assets. The range of asset classes covered includes currency pairs, indices, stocks and commodities.
Three types of trading accounts are provided – Classic, Standard and Premium. The minimum deposit requirements for these accounts are $100, $2500 and $20,000 respectively. All account holders are entitled to a 24 hour customer service, video tutorials, webinars and seminars and a daily morning analysis of the markets. Standard account holders are also entitled to a dedicated account manager, SMS news and signals services and a premium daily analysis. Premium account holders are entitled to all standard account perks and also premium customer support.
If you wish to practice your trading skills and experience the platform first hand a demo account is available. The demo account lets you trade with real time market data using various charts and analysis tools. The entire experience is free and uses demo money instead of real money.
Spreads start from 2 pips for the major currency pairs, 1 cent for commodities and 10 cents for shares.
The typical leverage ratio offered for trading is 200:1 for currencies, 100:1 for indices and commodities and 20:1 for stocks.
Accounts can be funded using credit cards, bank wire transfer and web wallets. Local payment methods are also available at certain jurisdictions.
Customer support services are available on a 24/5 basis. Communication with the support team can be done through email, live chat or the telephone. Support services are available in 34 different languages.
Currently, Markets.com is offering a $25 no deposit bonus. You get this bonus as soon as you sign up with them and confirm your phone number. A deposit bonus of up to $4000 is also available. The size of the deposit bonus derives from the amount deposited. High volume trades are also rewarded with special bonuses. You should pay special attention to the terms of the bonuses, especially their withdrawal.
To sum up this markets.com review – with an excellent customer support and a strong corporate background, Markets.com is an ideal broker for anyone who wants to trade the financial markets with peace of mind.
