Markets.com Review 2019
Are you looking to make some considerable profit? You’re in the right place. Trading requires the best broker, and here’s everything you need to know about Markets.com.
Markets.com is simply a global CFD as well as Forex broker. It has been operating for almost a decade now. Besides, it offers to trade in ETFs, indices, and Stocks.
What makes markets.com rank among the best is the fact that it offers an array of trading platforms as well as a variety of instruments all within the jurisdictions.
The markets.com as a broker comprises the trading fees instruments, benefits, and even its drawbacks.
The History of Markets.com
Markets.com has undoubtedly come a long way to establishing itself as one of the best in the game. It’s a brand of Safecap Investment Limited regulated by the South African FSCA and the Cypriot Cysec.
Safecap has the gambling software company Playtech as the owner. The fact that Playtech is listed on the London stock exchange makes Markets.com to be considered even safer.
Since its introduction in 2016 and regulated in 2008 as an FX brand, the broker has rapidly grown consolidating high profile partners.
So, is Markets.com safe?
Markets.com is low-risk and publicly traded without operating a bank.
Markets and Instruments
The broker offers a plethora of assets as well as markets that can be traded. For instance, you’ll have access to more than 2000 shares in over 12 markets, having maximum leverage of 1:5.
Indices – there’re also more than 25 significant indices from over 40 countries having maximum leverage of 1:20.
Cryptocurrency – the broker offers up to 12 various crypto pairs among them being Bitcoin, Ethereum, Litecoin, and Ripple. The leverage is up to 1:2.
Forex – over 50 currency pairs are accessible which include all majors, minors as well as exotics. They are all almost available 24/7 with spreads going for as low as two pips and maximum leverage of 1:30, which varies by asset as well as the regulatory region.
Commodities – you’ll also enjoy over 15 commodities with a maximum leverage of 1:10. Besides, there are more than 1900 assets with an excess of 30 ETFs.
Deposits and Withdrawals
For new traders or one with limited capital, markets.com is an attractive proposition as it has a minimum deposit amount of $100.
The deposit methods or merely the methods of funding the Account are simple and are many. They include;
- Major debit as well as credit cards
- Bank wire transfer
However, it doesn’t offer an option of funding the account with Bitcoin Cash.
Moreover, withdrawals can also be made with the same methods with withdrawals first withdrawn through a similar way as a deposit.
Interestingly, withdrawing funds costs nothing. However, minimum withdrawal requirements apply, and they include;
- Neteller/Skrill – 5 USD/EUR/GBP
- Credit/Debit Card – 10 USD/EUR/GBP
- Wire Transfer – 100 USD/EUR/GBP
Withdrawals are simply logging into your Account, clicking withdrawal tap and all is good. Funds are then transferred into the bank account.
Opening an account with markets.com is not only seamless but fast as well as fully digital. Registration requires choosing between varieties of straightforward account options which include;
- Real Account – the standard live trading account
- Demo account – the practice account is available and free for as long as you wish
- Swap-Free Account – an Islamic-friendly account operating in conjunction with Islamic Sharia Principle
How do you open an account?
Opening an account with markets.com is a walk in the park and fully digital. The steps are perhaps as follows;
- Click here to jump onto the process. Give personal as well as financial information
- Provide trading experience and fill the test on an intimate knowledge
- Verify the ID and residency.
Commissions and Spreads
With markets.com, you won’t be charged commissions or trading fees as everything is taken care of in the spread.
Leverage simply allows opening positions with a value above your account balance. Markets.com offers leveraged trading. However, it increases risk, as well as a reward for each trade and hence the European regulator, had to limit the leverage amount that is available to traders.
Markets.com offers negative balance protection, which implies that it’s possible to lose more than the initial deposit. Therefore, the point is simply that traders have to keep healthy balances or trades be closed when prices move unexpectedly.
Trading with markets.com doesn’t come with a lot of costs. When trading with CFDs, you’ll be required to pay some overnight rollover fee. Also, when an account is unused for a long time, an inactivity fee is imposed. Nevertheless, the terms and conditions are available on the website.
The trading platform is another aspect that makes a broker attractive, and for markets.com, its trading platform is second to none. The web-based platform is easily accessible with only an internet connection needed.
In terms of charting as well as technical analysis, the platform is excellent. Besides, its user interface is straightforward and clean. Moreover, it comes with an array of technical indicators which boost chart analysis.
Furthermore, the platform has trading tubes that allow viewing a plethora of instruments at a go which help to streamline the whole process of trading.
Meta Trader 4 and 5
Also, there’s an option of the standard Meta Trader 5 system. You can download MT5, and with MT login details, you access the platform offering advanced charts as well as in-depth analysis with a variety of custom indicators.
Also, you’ll be exposed to real-time trading tools as well as rapid execution speeds. Besides, the platform is easy to setup.
Mobile Apps Platforms
There’re apps for both iOS and Android users. You can download markets.com CFD trading app which offers unique functions. On the homepage of the mobile trading app, you can view the featured, open positions, favorites, and manually search the specific market.
There are also risk management features such as stop loss, take profit, entry stop, and entry limit. However, the mobile app doesn’t offer alerts, can’t access news, no economic calendar, and you can’t be able to add indicators to the charts.
Markets.com offers a demo account. The practice account is funded with some simulated money whereby you can test drive the platform as well as explore intraday trading.
After the demo, you can build some strategy and move on to open an account for live trading.
Markets.com comes with an array of benefits ranging from a plethora of trading assets as well as markets available, many trading platforms, excellent regulation that boosts trading confidence, and negative balance protection.
The fact that markets.com is an excellent broker doesn’t necessarily mean that it does everything right. For instance, weekend traders may be on the negative end of it as it lacks phone support. Some traders have complained about the complexity of navigation and accessibility is limited to some countries.
Markets.com has industry standard opening as well as trading hours. FX pairs are available from 22:05 GMT on Sunday to Friday 21:55 GMT. During some holiday periods, markets.com doesn’t open as it’s indicated on the official website.
Communications is significant for any broker and Markets.com; you can be in touch via a live chat or email. Customer service agents are active and ready to help with any issues. Besides, the phone support is 24/5 for funded accounts.
The actual platform is available in several languages including; English, Dutch, Arabic, Swedish, Russian, Spanish, Italian, German, French, and Norwegian.
Markets.com is not open to all countries. As a result, it allows traders from the UK, Australia, Singapore, India, Norway, South Africa, France, Germany, Qatar, UAE, Denmark, Sweden, Saudi Arabia, Italy, Luxembourg, Kuwait, and others.
Traders who may not use markets.com are from Canada, Philippines, Iraq, Iran, the Russian Federation, Brazil, Puerto Rico, Hong Kong, Japan, the United States, and Belgium.
Markets.com is more concerned with offering the trades with an optimal trading experience with dividends not as much a priority. Therefore, with the range of tools and assets, a reputable regulatory oversight, excellent customer service, and low deposit requirement, markets.com is arguably the best as a trader to choose.