Markets.com Review

Markets.com Logo


Legal Company NameTradeTech Markets (Australia) Pty Ltd
Websitehttps://www.markets.com
Year Founded2008
Offices LocationsUK, Cyprus
RegulatorsFSCA No.43906, CySEC
Broker TypeMarket Maker
Minimum Deposit$100
Maximum Leverage200:1
Minimum Spread0.9 pips
Deposit & WithdrawalBank wire, Visa/Mastercard, Skrill & Western Union, Neteller and many more
Currency Pairs50+
Trading PlatformMetaTrader 4, MetaTrader 5, Markets WebTrader, Mobile Apps
Web-based PlatformsYes
Mobile AppsYes

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. What stops them from reaching our 5* status is that they have not yet received their ASIC regulation.
  • Trading Conditions: ***** – While Markets.com is a dealing desk, 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 the UK, the European Union, and South Africa.  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 2 pips on specific major pairs

  • 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 0.9 pips and 200:1 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 will take up to 24 hours to process, 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 2 pips 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 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.

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.

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

 Markets.comPlus500
FundingBank wire, Visa/Mastercard, Skrill & Western Union, Neteller and many moreBank wire, Visa/Mastercard, Paypal, Skrill
RegulatedFSCA No.43906, CySECFSCA No.48500 FCA, ASIC, CySEC
Broker TypeMarket MakerMarket Maker
Currency Pairs50+N/A
Minimum Spread0.9 pips0.0 pips
Minimum Deposit$100$100
Max Leverage200:1300:1
Expert ReviewRead reviewRead review
Visit WebsiteVisit Markets.comVisit Plus500

Markets.com Vs. eToro

 Markets.comeToro
FundingBank wire, Visa/Mastercard, Skrill & Western Union, Neteller and many moreBank wire, Visa/Mastercard, Skrill , Neteller, PayPal
RegulatedFSCA No.43906, CySECUK FCA Registration No.583263 EU CySEC License No. 109/10
Broker TypeMarket MakerMarket Maker
Currency Pairs50+47
Minimum Spread0.9 pips2 pips
Minimum Deposit$100$200
Max Leverage200:1400:1
Expert ReviewRead reviewRead review
Visit WebsiteVisit Markets.comVisit eToro
Markets.com
4.3
Markets.com Logo

Product Name: Markets.com

Product Description: test

  • Trading Conditions
  • Platform Choice
  • Regulation & Oversight

Pros

  • Leading Global broker
  • Full MT4 & MT5 support
  • Awards won for best Platform and Customer support
  • Regulated by the FCA & CySEC

Cons

  • Wide spreads on minor and exotic pairs
Comments Rating 0 (0 reviews)

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.


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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