|Legal Company Name||TradeTech Markets (Australia) Pty Ltd|
|Offices Locations||Sydney, UK, Cyprus, South Africa|
|Regulators||ASIC (AFSL No. 424008), FSCA No.43906, CySEC|
|Broker Type||Market Maker|
|Minimum Spread||0.4 pips|
|Deposit & Withdrawal||Bank wire, Visa/Mastercard, Skrill, Neteller and many more|
|Trading Platform||MetaTrader 4, MetaTrader 5, Markets WebTrader, Mobile Apps|
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.
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.
Note that spreads are often wider than this, and it is essential to check the live spreads while planning your trade.
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.
Markets.com has three different account types. They include the live account, a demo account, and an Islamic swap free 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.
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.
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.
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.
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.
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 them directly on [email protected] 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.
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.
How Markets Compares To Other Brokers
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 add copy trading functionality.
Markets.com Vs. Plus500
|Funding||Bank wire, Visa/Mastercard, Skrill, Neteller and many more||Bank wire, Visa/Mastercard, Paypal, Skrill|
|Regulated||ASIC (AFSL No. 424008), FSCA No.43906, CySEC||FSCA No.48500 FCA, ASIC, CySEC|
|Broker Type||Market Maker||Market Maker|
|Minimum Spread||0.4 pips||0.0 pips|
|Expert Review||Read review||Read review|
|Visit Website||Visit Markets.com||Visit Plus500|
Markets.com Vs. eToro
|Funding||Bank wire, Visa/Mastercard, Skrill, Neteller and many more||Bank wire, Visa/Mastercard, Skrill , Neteller, PayPal|
|Regulated||ASIC (AFSL No. 424008), FSCA No.43906, CySEC||UK FCA Registration No.583263 EU CySEC License No. 109/10|
|Broker Type||Market Maker||Market Maker|
|Minimum Spread||0.4 pips||2 pips|
|Expert Review||Read review||Read review|
|Visit Website||Visit Markets.com||Visit eToro|
Product Name: Markets.com
Product Description: test
- Trading Conditions
- Platform Choice
- Regulation & Oversight
- Regulated by ASIC, the FCA & CySEC
- Leading Global broker
- Full MT4 & MT5 support
- Awards won for best Platform and Customer support
- Wide spreads on minor and exotic pairs
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.