Markets.com – The Best Forex Broker?
Read our Markets.com Forex broker review below...
...Markets.com online Forex and CFD broker is a very popular broker among traders. In addition to the Markets.com trademark, the company is a serious Forex broker that has been in operation since early 2000. Being one of the early leaders in the retail space, Markets.com has evolved to become one of the well known and reputable Forex brokerages with over 18 years of successfully running the Forex brokerage.
In customer service expressions, Markets is recognized as a leader and offers its customers a best service in more than a dozen heterogeneous languages. The platform has also won awards from London Investor Show Forex and Finance Review & Global Banking, which provides recommendations on the quality of its services.
Well regulated broker
Low trading fees
Account open is seamless and fast
Innovative research tools
Options for different trading platforms
Website design is really professional
Limited product portfolio, only CFDs
Not available for USA traders
No deposit in cryptocurrency
No support on weekends
Website could confuse new traders
Higher than average swap rates
The Markets.com has its main office located in Cyprus and their official broker name is TradeTech Markets Limited. This online brokerage form started in 2000 and is regulated by FSCA, MiFID, ASIC, FSC, FCA and CySEC. Markets.com Global is an online foreign exchange or Forex broker that offers huge mixture of Forex trading. They have 50 pairs to trade. They also offers many varying CFD markets that permits the traders to be involved in other stock markets items such as oil, silver, gold, corn, sugar, soybeans or wheat. Markets.com has 38 indices coming from all over the world that can be used for trading and in addition to that, they have lots of stocks around the world. This makes markets.com a very suitable and robust online trading solution for beginners to expert traders all around the world. One of the disadvantages of this online trading broker is that it does not accept clients from the United States.
One of the important factors in most online Forex or FX brokers is their trading platforms suited for all levels of traders. It must be dynamic, easy to understand and flexible. When talking about flexibility, the Markets.com is one of the leading online brokerage solutions with their eight different and one of a kind trading platforms. These eight trading platforms are explained in details and they will guide every traders every step of the way. These platforms are the ActForex, Mobile Applications, Market Java Trader, Market Web Trader, Market Trader and MetaTrader4, MetaTrader5. The maximum leverage of using this online brokerage is 1:300 with the minimum deposit of $100 before you can start trading to any of these trading platforms. Markets.com is a CFD type of broker.
Markets.com offers three trading account types: Mini, standard and VIP Accounts. The mini account needs minimum of $100 in initial/starting deposit and traders will receive welcome bonus of as much as $250. The standard account needs initial deposit of $2500 as the minimum with considerable higher welcome bonus of as much as $2000. The VIP account needs initial deposit of $20,000 to trade and the great things about this account is that they will receive update in the Forex and Stock market and Forex signals.
Markets.com has fixed and floating spreads starting from one pip for the main currency. Traders have the selection in trading with the spreads that floats. This is accomplished through requesting the account manager to make a switch from the fixed spread to the floating status of the spread.
Markets.com accepts all major credit cards, e-wallets, local payment methods and bank transfers. There is no charge for commission or fees on deposits. In addition, funds are always returned in the same method that was used for the deposit. The company does not charge commission or fees on withdrawals as well. Payment methods that can be used: Bank Transfer / Bank Wire, Paypal, Credit Cards (Visa, MasterCard), Skrill, Neteller. Markets.com provides a safe service, the money of traders is stored in separate accounts separately from the company’s own funds. All transactions, both commercial and non-trading, are conducted through encrypted channels.
Markets.com has the largest support services available that work with offices around the world and representatives answer 24/5 by telephone in the language of their local headquarters. Online chat and email are also available. The online form can be used to contact the leading office of the stock broker. Customer service also includes individual account management and CFD training.
Since Markets.com serves many traders around the world, each of which trades in his own style, the company also offers several platforms with different advantages and unique capabilities. Trading platform of the company are easy to use, versatile and multifunctional. As CFD broker, Markets.com provides traders (novice and experts) with comprehensive Forex trading tools in the major currencies of the world. In addition, markets.com also offers trading solutions or popular market items like oil, gold and silver and other indices from all over the world. However, Forex updates is only given to those with VIP trading account and those with mini and standard accounts will have to do their own job in studying the Forex trends.
Markets.com FAQ on the broker
1 Is Markets.com a regulated broker?
Yes, Markets.com is regulated by FSCA, MiFID, ASIC, FSC, FCA, CySEC in Cyprus and others.
2 What trading platforms does Markets.com offer?
Markets.com offers the full suite of MT4, MT5, Web, MT.
3 What is Markets.com maximum leverage?
Maximum leverage at Markets.com is 1:300.
4 What methods can I use to deposit and withdraw funds on Markets.com?
Deposits and withdrawals with this broker can be done using these methods: Visa, Mastercard, Bank Transfer, Skrill, Neteller, PayPal.
5 What is the spread of the Markets.com broker?
The spread for this broker is on average Markets.com is 1 - 8 pips.
6 What’s the minimum deposit to open a Live account at Markets.com?
The minimum deposit to open a Live account is 100 USD.
7 What cryptocurrencies are available at Markets.com?
In this broker are the following cryptocurrencies for trading: BTC/USD, ETH/USD, LTC/USD, XRP/USD, DASH/USD.
8 In what currency can I open an account with Markets.com?
With this brokers you can open an account in currencies: USD, EUR.
9 What Trading Instruments are available at Markets.com?
On Markets.com, you can trade financial instruments such as: CFDs, Forex, Crypto, Stocks, Bonds, Commodities, Indices, ETFs, Blends.