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Markets.com Broker Review

FX Scouts By Jeffrey Cammack Updated: September 7th, 2019
Average Score
3 / 5
Min. Deposit $100
Max. Leverage 300:1
Min. Spread 0.9 pips
Regulators ASIC
Regulator Origin ASIC
Broker Type Market Maker

Summary

Markets.com is a trademark owned by TradeTech Markets (Australia) Pty Ltd which is a subsidiary of Playtech Ltd - a company traded on the LSE and a constituent of the FTSE 250 index.  Markets.com support trading in Forex, Indices, Shares, ETFs, and Commodities with over 2000 instruments available for clients to trade.

A well-recognised brand Globally, Markets has picked up the 2012 Forex Best Customer Service award (London Investor Show) and the Best Broker in Customer Service 2012 (Global Banking & Finance Review). In 2017 they returned to the top of the podium to collect the Best Forex Trading Platform and Best Forex Provider awards at the 2017 UK Forex Awards.

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Bonuses 100% Deposit Bonus
Beginner Friendly Standard
About our review process

Trading Conditions

Minimum Deposit $100
Base currencies USD, AUD, DKK, EUR, GBP, NOK, PLN, SEK, and ZAR.
Number of FX Pairs 50+
Hedging Allowed
Scalping
Swap-Free Accounts

Average Spreads

EUR / USD 1.9
GBP / USD 2.3
USD / JPY 3

Company Details

Company name Tradetech Markets (Australia) Pty Ltd
Founded 2008
Website Visit Website
Type Market Maker
Regulators ASIC
Office locations Australia, UK, Cyprus, South Africa

Deposit & Withdrawal Methods

Supported Platforms for Markets.com

Markets.com Broker Detailed Review

Is Markets.com Safe?

Markets.com is a safe place to trade.  With strong International regulation, superior trading conditions and a wide selection of trading platforms on offer we have given Markets.com a 5-star rating.

  • Trust & Regulation:  ***** – Markets.com has strong regulation from more than one primary regulator.
  • Trading Conditions: **** – While Markets.com is a market maker, the trading conditions offered to traders are very competitive given the minimum deposit required to open an account.
  • Platform Choice:  ***** – Markets.com supports the MT4/MT5 suite of tools as well as offering mobile apps and web-based trading tools.  This level of platform choice is the setup we expect to see from leading brokers.

Is Markets.com regulated?

Markets.com is regulated in Australia, the UK, the European Union, and South Africa.  ASIC regulates them with license number 424008, the FCA regulates them with Reference number: 507880, CySEC under Licence Number: 092/08 and the FSCA – FSP 43906.

Trading with Markets.com

Australian residents use up to 300:1 leverage for trading on Forex products (Cryptocurrencies 5:1), depending on the amount of experience the trader has, and all accounts have Negative Balance Protection which means that traders cannot lose more than your deposit. Spreads are as low as 0.4 pips on specific major pairs on the MarketsX account.

  • EUR/USD
  • USD/JPY
  • GBP/USD

Note that spreads are often wider than this, and it is essential to check the live spreads while planning your trade.

Cryptocurrency Trading

Markets offer cryptocurrency trading.  The Market’s research area delivers clients free crypto real-time quotes and charts on all device types, including desktop, mobile or tablet trading platform.  *Note that they are not traded in pairs, but separately.

Bonuses & Rewards

Markets.com offers welcome bonuses of up to 20% first deposit bonus based on the below structure

  • Deposit $500 and claim $100
  • Deposit $2500 and claim $500
  • Deposit $10000 and claim $1500

A rebate program is also in place for traders, where the trader has the opportunity to recoup up to 5% of weekly spread.  

Trading Accounts

Markets.com has three different account types.  They include the live account, a demo account, and an Islamic swap free account.

Demo Account:

An unlimited demo account is available from markets.com, which gives all traders the opportunity to experiment with the tools offered and new trading strategies.

Live Account:

The live account offers traders 50+ currency pairs to trade, minimum spreads from 0.4 pips and 300:1 leverage.  A minimum of 100 USD is required to open this account.  This account has a swap free option.

Trading Platforms

Until recently, markets.com only supported their proprietary software for traders. Now with the introduction of the MT4 and MT5 suite of tools, markets.com has become more accessible to traders who enjoy the mainstream platform options.  With mobile apps and web trading, this is a good selection of tools that offers choice to clients.

Mobile Trading Apps

Markets.com offers traders the mobile versions of the MetaTrader 4 and MetaTrader 5 apps for both and IOS and Android.

Deposit and Withdrawal Fees

Clients can deposit and withdraw funds from their accounts by Credit card, Wire transfer, Neteller and Skrill.  The wire transfer is a local bank transfer to Tradetech Markets (Australia) Pty Ltd at the Commonwealth Bank of Australia, which keeps fees low. Deposits from credit cards are instant, while bank transfers will take 1-2 business days.

Deposit Fees:

Markets.com does not charge clients for making deposits into the account, but your bank could charge fees associated with the transfer of funds.  If your deposit is over $2500, then Markets.com will reimburse the trader for all 3rd party fees charged.

Withdrawal Fees:

Markets.com does not charge any withdrawal fees.  If your account balance is under 10 USD, then a withdrawal cannot be processed.

Spreads and Commissions

Markets.com is compensated for its services through the bid/ask spread.  This spread is variable starting as low as 0.4 pips (MarketsX Account) on major pairs.  Markets.com charges no additional commission on trades.

Customer support

In 2012 Markets picked up the Forex Best Customer Service award from the London Investor Show.  Customer support can help with a range of issues from account related queries like deposits, withdrawals, and verification query to the more technical platform and financial trading instruments query. Customer support is open 5 days a week, 24 hours a day.  You can either use the contact form on their website or write to them and explain your situation in detail. A live chat option is also available if you are looking to get your issue resolved sooner and you have time for the conversation.  There is currently no phone support for clients.

Technical and fundamental analysis

The MetaTrader platform offers technical and fundamental research areas.  Expert advisors (EAs) are available to traders, along with other signal provider feeds.  Together these create a complete market analysis area for traders. Markets.com also offers traders information on the markets, which includes forecasted volatility for major news events, momentum and sentiment indicators, as well as historical annotations that can be helpful in forecasting market movements.

Education Material

Markets.com offers a small section of literature covering the trading basics, analysis, CFD educations, and Forex education which includes examples of trades.

Review evaluation method

FX-Australia has completed the review of Markets.com by selecting client-focused metrics by which to measure all brokers and rating markets.com against them by using our personal experience and research teams.  In our research, we have compared Markets.com against 30+ broker directly, after having turn away more than 60+ broker as they missed the most basic standards of trust that are needed to get reviewed by our team.

Markets.com risk disclaimer

Markets.com states:  Trading CFDs carries risk and could result in the loss of your deposit, please trade wisely.

Markets Compared

Over the years, Markets.com has been recognised for their customer service, and other global recognition and their platform and organisation as a whole while it is not uncommon for brokers to have awards, getting awards from the London Investor show and UK Forex Awards shows the level of the additional merit. Markets.com is a market maker broker which can be in contrast to other brokers you might be considering.  All trades with Markets.com go through their trading desk, which can add to a conflict of interest between the broker and the trader. Markets.com has reasonable trading conditions overall.  The minimum deposit is in line with the width of the spreads, and in comparing brokers, it would be hard to find a broker that would give a significantly better average spreads for this level of deposit. Since markets.com is a MetaTrader broker, this will give traders access to the same software that other brokers are offering their clients. There are mobile and tablet versions of this software, and Expert Advisors (EAs) are available to add copy trading functionality.

Overall

Markets.com is a global playing the Forex market and has strong brand recognition. With strong International regulation and feedback from the industry, they have built a client base of over 5 million accounts since 2010.  The trading conditions are reasonable for Markets.com being a market maker, and it was a positive step to see this broker adopt the MetaTrader suite of tools.  We recommend Markets.com as traders enjoy trading with them. They are a broker to set up a serious trading account on trusted software and regulation.

Most retail CFD accounts lose money. Your capital is at risk.

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Overall Rating 5/5 3/5
Minimum Deposit $100 $100 $50
Regulation
ASIC ASIC
ASIC ASIC
FSCA FSCA
B.V.I FSC B.V.I FSC
FSA FSA
FCA FCA
 ASIC ASIC
Broker Type Market Maker Market Maker Market Maker
Read Full Review Read Full Review
Trading Conditions 4 / 5 4 / 5 3 / 5
Trading Platforms 3 / 5 3.5 / 5 3 / 5
Deposit & Withdrawal 4 / 5 4 / 5 4 / 5
% Lose with this broker 76.60% of retail investor accounts lose money when trading CFDs with this provider 71% of retail investor accounts lose money when trading CFDs with this provider 76% of retail investor accounts lose money when trading CFDs with this provider
Leverage 300:1 400:1 500:1
Spread 0.9 pips 0.7 pips 0.7 pips
Hedging
Scalping
Account Types
  • Mini
  • Standard
  • Standard
Trading Platforms MetaTrader4, MetaTrader5, WebTrader MetaTrader4, WebTrader MetaTrader4, WebTrader, ATPro
Funding Methods Mastercard, Visa, Maestro, Neteller, Skrill, Paypal, Bank Transfer Mastercard, Visa, Neteller, Skrill, PayPal, Bank Transfer Mastercard, Visa, Bank Transfer, BPAY, PayID
Clear all brokers

Markets.com

Visit Website

AvaTrade

Visit Website

City Index

Visit Website
Overall Rating 5 / 5 4 / 5 4 / 5
Min. Deposit $100 $100 $50
Regulation
ASIC ASIC
ASIC ASIC
FSCA FSCA
B.V.I FSC B.V.I FSC
FSA FSA
FCA FCA
 ASIC ASIC
Broker Type Market Maker Market Maker Market Maker
Read Full Review Read Full Review Read Full Review
Trading Conditions 4 / 5 4 / 5 3 / 5
Trading Platforms 3 / 5 3.5 / 5 3 / 5
Deposit & Withdrawal 4 / 5 4 / 5 4 / 5
Risk Disclaimer 76.60% of retail investor accounts lose money when trading CFDs with this provider. 71% of retail investor accounts lose money when trading CFDs with this provider. 76% of retail investor accounts lose money when trading CFDs with this provider.
Leverage 300:1 400:1 500:1
Spread 0.9 pips 0.7 pips 0.7 pips
Hedging Allowed Yes Yes Yes
Scalping Allowed Yes Yes No
Platforms MetaTrader4, MetaTrader5, WebTrader MetaTrader4, WebTrader MetaTrader4, WebTrader, ATPro
Funding Mastercard, Visa, Maestro, Neteller, Skrill, Paypal, Bank Transfer Mastercard, Visa, Neteller, Skrill, PayPal, Bank Transfer Mastercard, Visa, Bank Transfer, BPAY, PayID

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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Most retail CFD accounts lose money. Your capital is at risk.