This broker was not featured in our 2020 Broker Review Audit. This is because, in the past 12 months, it has failed to pass our initial screening process and is not recommended by our team of experts. As such some of the information found here may be out of date.
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Markets.com is a relatively new forex broker that has quickly managed to capture a major chunk of the market share by enticing traders with great features, pricing, and varied trading platforms. Since its inception in 2008, Markets.com has received numerous awards for being one the leading brokers for a wide variety of financial instruments.
Markets.com is situated in Cyprus and is operated by Safecap Investments Ltc, which is in turn owned by Playtech PLC. Interestingly, Playtech PLC is a gaming software company that deals exclusively in gambling and online casinos and is listed in the FTSE 250, the UK stock exchange. We will take a close look at the company through this detailed Markets.com review to see if this broker has what it takes to become the leading broker in this industry.
|Stocks, indices, currencies, commodities, and CFDs|
Where is Markets.com Regulated?
Owing to its presence in the Cyprus, Markets.com is licensed and regulated by the CySEC. Markets.com is also regulated by the FSB in South Africa and has a wide presence in most of the countries in the European continent and South America. Interestingly, Markets.com is not regulated by the CFTC, therefore, US clients are no longer accepted by the broker.
Trading Instruments Available at Markets.com
Markets.com has a wide range of trading instruments on offer, and traders can split their investments between stocks, indices, currencies, commodities, and CFDs. Markets.com offers the option of trading more than 2000 instruments within their trading platforms and offers exceptional trading functionalities according to the traders’ requirements. Markets.com is one of the few forex brokers that offer an exhaustive range of trading instruments to help traders enjoy the complete range of financial instruments available in the global markets.
Accounts, Spreads, & Leverage at Markets.com
Markets.com offers the option to open two accounts: Real and Demo.
The spreads are a bit on the higher side, as Markets.com has an average of 3 pips spread on the major currency pairs. The floating spreads are known to increase during high volatile events, but overall, Markets.com may be considered as one of the cheapest brokers out there. The maximum leverage on offer is also capped at 300:1 with a default leverage of 1:50, which might be good for safeguarding a trader’s capital, but traders might feel limited by the lack of additional leverage. As far as payment options are concerned, clients can deposit/withdraw funds using credit cards, bank transfer, or through online processors such as skrill.
What Are The Available Trading Platforms?
Markets.com has invested heavily into ensuring that their clients are offered the most powerful trading platforms according to their needs. Markets.com offer following platforms: Markets WebTrader, Markets Mobile WebTrader, MetaTrader 4. For those who do not wish to install a terminal on their computer, or for those who wish to trade on the move, Markets.com offers a web trader as well dedicated apps for iOS and Android devices.
Is Their Customer Service Department Effective?
Markets.com is very particular about a good customer service experience, which is why they have set up 30 different help lines situated in several parts of the world. Markets.com also has representative offices in these countries to ensure that they are easily accessible by their clients. They also have a separate complaints department that takes care of all client complaints and issues without having to go through multiple support channels and disintegrating the matter further.
Offers Currently Available at Markets.com
Markets.com is currently offering a free $25 no deposit bonus (T&C’s apply) that allows traders to experience a real trading account at Markets.com, risk-free. Markets.com also offers specific deposit related bonuses; however, traders will have to get in touch with the sales department to get the exact information on the bonuses available for an exact deposit amount.
A Brief Conclusion of our Markets.com Review
Markets.com is indeed a great broker that offers a wide range of financial instruments, multiple platforms, low investment options, and an excellent customer service. At times, Markets.com has been in the news for all the wrong reasons, but it seems that the broker learns from its mistakes and rebounds with full vigour to offer an array of new services for traders. Markets.com is one of the few brokers that understands the exact needs of a trader and offers their services according to the market sentiment.
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