Introduction
Markets.com is a forex and CFD online trading broker which is headquartered in Nicosia, Cyprus. They are authorised and regulated the Australian Securities and Investments Commission, the Financial Services Board and the Cyprus Securities and Exchange Commission.
Account Features
Demo Account: 1 month validity
It’s an added advantage that this broker offers a demo account with $100,000 virtual money included. This feature allows me to make practice trades and fully test out the platform so I can be more prepared for the live trading.
Account Types: None
As of this writing, they only offer a demo account and a real money account which both offer real-time market conditions.
Trading Details
Platform: MT4
They offer the MT4 platform which is available for web-based access and mobile devices as well. There’s no need to install any software on the PC so you can access it directly on a web-browser. All of these platforms are very user-friendly and are very convenient to use.
Mobile Trading: Web-based and downloadable apps
The mobile trading platform is beneficial for traders who prefer to use their mobile devices. For those who want to use their browsers, there’s the Market Mobile Trader web application. It’s also possible to do trading via the Markets Mobile Trader which is a special app that is fully supported by Android and iOS mobile platforms.
Minimum Lot Size: Enhanced flexibility
Markets.com’s 0.05 minimum lot size gives me the opportunity to manage the risks and enhances my flexibility in trading. With such size, I can still have full control my positions and generate my target profits.
Maximum Leverage: Bigger investment returns
With a 1:200 maximum leverage, I can boost my share for up to 200 times which allows me to make good-sized financial investments. Such ratio is also already competitive in this industry.
Spreads: Variable
They have variable spreads for major currencies and it could go for as low as 2.2 pips. For the EUR/USD pair, they offer 3 pips which is less tight since I’ll be needing my contract to appreciate by 3 pips before I break even if I am selling this currency. A much lower the spread would have made it easier for me to make a profit.
Tradable Instruments: 250+ choices
They have more than 250+ instruments comprising shares, forex, indices, ETFs, CFDs and commodities. It’s also nice to know that they now offer trading on cryptocurrencies like Bitcoin, Litecoin, Ethereum and Dash even on weekends with the the same spreads, zero commissions and live quotes.
Deposit & Withdrawal/Support
Minimum Deposit: Easily reachable
They only require a minimum initial deposit of $100 in order to open an account. Such amount is a tad lower than the requirements of their competitors.
Deposit Methods: Simple and uncomplicated
I had no problems in transferring money into my account because this broker accepts different payment methods including credit card, Fast Bank Transfer, Neteller, Wire Transfer, Sofortuberweisung, PayPal and Skrill.
Withdrawal Processing Time: Only a few days of waiting
According to their support team, it will take a maximum of 7 days to get my money back and true enough, I was able to receive the amount I’ve withdrawn in just a matter of 6 days.
Support
Channels: Plenty of ways to connect
It’s very easy to get in touch with the support team because I can contact them via phone, email and live chat.
Availability: Any time of the day
Getting assistance at any time is not a problem because they are available 24 hours a day, 7 days a week.
Supported Languages: 15 options to choose from
The cover 15 languages and this includes English, Arabic, Italian, German, French, Czech, Danish, Dutch, Finnish, Greek, Norwegian, Polish, Russian, Spanish and Swedish.
User Reviews
Average User Rating: 8.5
This score was provided by various users and its value is taken from the accumulated votes that were given by actual traders who have tested this broker.
Editor’s Opinion
Platform Design: Very user-friendly
Their MT4 Platform runs smoothly and was very easy to get used to. The colors yellow and white were just perfect and are visually engaging.
Support: Very accommodating
I was impressed on the very quick response of their support team whenever I try to ask for assistance. Regardless if it was just a basic query or an important matter, there are very accommodating and fast in providing what their customers require from them.
Reputation: Well-recognized in the market
Markets.com is operated by Safecap Investments Ltd, a well-established investment firm which is authorized and regulated by the Cyprus Securities Exchange Commission (CySEC) and the Financial Services Board (FSB). Knowing that they have passed the strict regulatory and compliance requirements is an assurance that they mean business.
Conclusion
Editor’s Rating: 89
Markets.com offers a plethora of customized platforms that are primarily developed for the needs of their clients. The value-added features such as the variable spreads and the range of instruments all add up for a more enhanced trading experience. Their good standing and reputation in the industry makes them a highly credible broker.