Markets.com Review 2024

Quick Links

• Our Review Method

• What is Markets.com?

• Markets.com Pros and Cons

• Is Markets.com Safe or a Scam?

• Leverage

• Accounts

• Market Instruments

• Fees

• Spreads

• Deposits and Withdrawals

• Trading Platform

• Customer Support

• Education

• Conclusion

Our Review Method ▲

In our comprehensive review process, we meticulously evaluate forex brokers based on a wide spectrum of criteria to ensure that our recommendations are objective and reliable. Our methodology involves in-depth analysis of the broker's regulatory framework, fee structure, platform offerings, customer service quality, and overall trading conditions. We compare each broker against over 1000 others in the industry to provide a clear and comprehensive view of where they stand.

What is Markets.com? ▲

Markets.com stands out as a leading brokerage firm, catering to a global clientele with its vast offering of over 2,200 trading assets. Our investigation reveals that Markets.com prides itself on being under the regulatory oversight of some of the most rigorous financial authorities, including the FCA in the UK and ASIC in Australia, ensuring a high level of security for its clients. The firm excels in customer service, offering multilingual support that significantly enhances the trading experience.

Markets.com Pros and Cons ▲

Pros

• Heavily regulated with an exceptional reputation

• Seamless account opening process

• Userfriendly platforms with a wide range of trading tools and resources

• Comprehensive educational content and expert financial analysis suitable for various trader skill levels

Cons

• Higher trading fees for Stock CFDs

• Lack of 24/7 customer support

Is Markets.com Safe or a Scam? ▲

Markets.com is undeniably a legitimate brokerage firm, confirmed by our thorough research. It operates with integrity and transparency, backed by multiple top-tier licenses from respected financial authorities such as ASIC in Australia and FCA in the UK. These endorsements affirm Markets.com's status as a trustworthy broker.

Leverage ▲

Our findings reveal that Markets.com enables traders to magnify their trading positions through leverage, offering an opportunity to significantly boost potential profits. However, it's crucial to approach leverage with caution due to the increased risk of loss. Markets.com provides varying levels of leverage, with a maximum of 300:1 for major Forex pairs, subject to regulatory restrictions. The leverage ratio is capped at 1:30 for entities regulated by ASIC, FCA, and CySEC, while up to 1:300 can be accessed through the BVI FSC, offering flexibility to traders under different regulatory environments.

Accounts ▲

Account Types

In our comprehensive analysis, it has been determined that Markets.com provides a primary account type alongside a demo version, both tailored to optimize trading efficiency according to the trader's proficiency level. The process of opening an account is streamlined, offering a wide array of services contingent on your experience level.

How to Trade in Markets.com?

Embarking on your trading journey with Markets.com begins with account registration and funding. This procedure is straightforward and fully digital. Following the approval of your account, you can initiate a deposit through multiple available options. Our investigations reveal that Markets.com furnishes user-friendly trading platforms equipped with all necessary tools and resources for successful trading endeavors.

How to Open Markets.com Live Account?

Setting up an account with Markets.com is a straightforward process. You are to navigate to the account opening or sign in page and follow the guided steps:

• Select the “Sign Up” option on the Markets.com homepage.

• During the process, you will be prompted to upload your identification documents, which can also be submitted at a later stage.

• Once registered, you are set to fund your account and commence trading across any of our platforms.

Market Instruments ▲

Markets.com stands out in the financial trading space by offering an expansive selection of over 2,000 trading assets, which includes a broad spectrum of Shares, Indices, Currencies, Cryptocurrencies, and Commodity CFDs (Contract for Differences). A notable feature of Markets.com is the provision of these trading options with zero commission charges, combined with the opportunity for traders to utilize leverage ratios that can go up to 1:300.This wide range of trading instruments at Markets.com encompasses both the standard offerings commonly seen among brokers and some unique options, adding to the platform's appeal. For those interested in Share trading, Markets.com presents a significant advantage with access to over 12 major markets, all without the burden of commission fees.In the realm of Forex trading, Markets.com offers a comprehensive selection of currency pairs. This includes major, minor, and exotic pairs, with a total count exceeding 60. Traders involved in Forex trading only pay the spread, with no additional commission charges. Notably, for popular pairs like EUR/USD and GBP/USD, the spread is competitively set at around 0.7 pips.Reflecting the broad and diverse nature of its offerings, Markets.com has been rated with a Markets Range Score of 4.4 out of 5. This high score is indicative of the wide and varied selection of trading instruments available through Markets.com, particularly in categories such as Forex, Indices, and Cryptocurrencies, further establishing the platform as a significant player in the online trading arena.

Fees ▲

Markets.com Fees

Our analysis has shown that trading expenses at Markets.com are encapsulated within the floating spread when trading via the Markets.com platform, displaying competitiveness in comparison to the spreads of alternative brokers. In terms of share dealing, an enticing offer of zero commission is extended for the initial three months, succeeded by a minimal commission thereafter.

The overnight fee is another consideration for trading costs, applied when a position is held overnight or for a duration exceeding a day. For instance, the overnight fee for the EUR/USD pair is established at -2.05 for short positions and -0.54 for long positions.

Based on our extensive research across 1000 brokers, Markets.com fees are considered favorable, with an overall rating of 4.6 out of 5. Note that fees may vary depending on the entity offering; our findings regarding fees and pricing are summarized below, nevertheless, Markets.com's overall fees are deemed competitive.

Spreads ▲

Through meticulous research, it has been determined that Markets.com provides variable spreads that are contingent on the account type selected by the trader. The broker boasts competitive spreads across all platforms.

Markets.com Spreads are perceived as competitive with an overall rating of 4.3 out of 5 when benchmarked against other brokers. Our analysis indicates that the Forex spread is significantly lower than the industry norm, with spreads for other financial instruments also proving to be highly attractive.

Deposits and Withdrawals ▲

Through our thorough analysis, we discovered that all deposit and withdrawal requests could be managed seamlessly through a personal account, which is also accessible via a Mobile App - a significant advantage. The funding methods at Markets.com received a commendable rating of 4.4 out of 5. The minimum deposit requirement is relatively standard within the industry, while the fees are minimal or non-existent. Additionally, the option to choose from various account-based currencies enhances the flexibility, although available deposit options might vary based on each entity's regulation.

Here are the detailed insights into Markets.com's funding methods:

Deposit Options

Markets.com provides a wide array of payment methods, enhancing its appeal. However, it's crucial to verify the availability of these methods based on the regulatory environment.

• Credit/Debit cards

• Bank Wire

• PayPal

• Skrill

• Neteller, and more

Markets.com Minimum Deposit

The required minimum deposit at Markets.com is $100, making it accessible for beginners or traders with limited capital. It's important to review the specific requirements based on your location and the applicable account type. In comparison, many other brokers set their minimum deposit at $500.

Markets.com Withdrawals

Withdrawals are typically processed swiftly without any fees, although some banks may impose a transaction charge. The process for withdrawing funds is straightforward:

How to Withdraw Money from Markets.com Step by Step:

1. Log in to your account

2. Select 'Withdraw Funds' from the menu tab

3. Enter the amount to be withdrawn

4. Choose the withdrawal method

5. Complete the electronic request with the necessary details

6. Confirm the withdrawal information and submit

7. Monitor the status of your withdrawal through your Dashboard

Trading Platform ▲

Our expert analysis concluded that Markets.com has developed a trading platform tailored to the diverse needs of its clients. It offers access to a broad spectrum of trading tools, including fundamental, technical, and sentiment-based instruments, alongside expert analysis. For those interested in share dealing, a vast selection of stocks is available. Additionally, for users who prefer the familiar MetaTrader platforms, both MT4 and MT5 are offered, complemented by Markets.com's advanced tools. The platform received an excellent rating of 4.6 out of 5, making it one of the best offerings in the industry when compared to over 1000 brokers.

Web Trading Platform

The web and app versions of the Markets.com trading platform are noted for their user-friendliness, granting access to various tools that empower traders to craft unique trading strategies.

Desktop Platform

The proprietary platform is recognized for its interactive and user-friendly interface, allowing for easy navigation through favorite customizable charts and providing educational, comprehensive analysis materials.

Customer Support ▲

Our evaluation found that Markets.com offers customer support 24/5, in multiple languages, through live chat, phone, and email. Emphasizing client satisfaction, Markets.com ensures that assistance is readily available for any inquiries or concerns. The customer support at Markets.com has been rated 4.25 out of 5, based on our interactions, which were prompt and informative.

Education ▲

Our research into Markets.com's educational offerings revealed ongoing educational webinars suited for various skill levels. The availability of risk management tools like Stop Loss and a suite of powerful trading instruments allows traders to stay informed and make calculated decisions. The educational resources at Markets.com were rated 4.45 out of 5, reflecting the high quality of materials and comprehensive research facilitated by partnerships with leading data providers.

Conclusion ▲

In concluding our review of Markets.com, we affirm it as a trustworthy broker that offers reliable trading solutions. Markets.com has established a solid and respected reputation through its long-standing presence in the market, ranking it among the top 12 Forex brokers. Its flexibility regarding platforms, currency pairs, and the breadth of solutions provided is a significant advantage. The broker's competitive costs and robust educational materials cater to traders at various levels of expertise.

Based on our extensive analysis and expert opinions, Markets.com is highly recommended for:

• Beginners

• Advanced traders

• Users who prefer MT4/MT5 platforms

• Currency and CFD trading

• EA utilization

• Implementing a variety of trading strategies

• Seeking competitive spreads

• Algorithmic or API trading

• Those looking to expand their Forex trading knowledge

• Benefiting from supportive customer service