Markets.com are a leading broker, offering CFD and Forex trading, via their proprietary trading platform, as well as through MT4 & MT5. With over 4 million clients, and with an unparalleled asset list, they are one of the fastest growing brokers online. The brand is a subsidiary of Playtech, a company listed on the London Stock Exchange, forming part of the FTSE 250.
Markets.com is operated by Safecap Investments Limited, a regulated investment services firm authorised and regulated by CySEC (under license no. 092/08).
The broker holds additional regulatory licenses from the FCA (under license no. 607305), by ASIC (with license no. 424800), by the BVI FSC (license no. : SIBA/L/14/1067), and finally
by the FSCA (license no. : 46860).
Signing up takes just two items – an email address and a password. Traders then get access to a demo account with a £10,000 virtual balance.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
75% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Here are some of the key details about the Markets.com brand;
As a CFD broker, Markets.com delivers – along with traditional MT4 and MT5 platforms – a bespoke trading platform which goes way beyond that of a conventional binary options website.
It represents a “step up” from binary options platforms, providing leverage and charting options only available at more established CFD brokers.
The feature rich platform does mean an additional layer of complexity, and the management of risk is not as straight forward as with traditional binary options. That said, the trading platform presents trades clearly, and traders can see exactly what leverage they are taking on – and configure it appropriately.
The first step traders complete is to find their desired asset. There is a handy search function, or traders can select a category of asset (Bonds, Currencies, Stock, , Cryptos, Blends, ETFs, Commodities and Indices) and filter it further via sub-choices, such as ‘major’ or ‘minor’ for currency pairs, or alphabetic grouping for stocks.
Once the desired asset has been found, selecting it brings up the price graph on the right hand side (there is also a star icon, which, once highlighted, adds that asset to the user’s ‘favourites’ for another short cut to regularly traded assets). The charting is a real strength at Markets.com – traders can perform a huge range of analysis using the advanced charts. Here is a sample of just some of the features;
Some brokers provide a very basic chart and almost assume their traders will have done their research elsewhere – not so at Markets.com – they provide some of the best charting and research resources we have seen.
To open a position, traders select the ‘Buy‘ or ‘Sell‘ buttons above the graph. This will open a new window where the exact figures of the trade can be entered. This includes the level of investment, the leverage, plus any stop loss or take profit figures that the trader wants to apply. The total value of the security is displayed, just above the ‘required margin‘ – this is where traders need to manage their risk and liabilities.
Clicking the ‘Confirm Order’ button will rubber stamp the deal and a popup will appear confirming the order is placed. At this point, the trade will be visible in the ‘Open Positions’ tab – but the detail will also be visible on the asset itself (details of the trade, including the live position, are shown beneath the relevant asset in the asset list) and also in the account overview table, in the bottom left of the trading area.
At any point an open position can be edited or closed. The Edit and Close buttons are available alongside the asset in the menu on the left. Clicking either will allow a trader to amend the stop loss or take profit levels, or close the trade. A live ‘Profit/Loss’ tally informs the trader how that particular trade is performing.
There is also on overall account window. This displays the consolidated position of the account as a whole, including a balance which includes all open trades.
Other Useful Reviews: Markets.com at DayTrading.com
Markets.com offer an extensive range of assets. As a Forex and CFD broker, they offer trading on commodities, stocks, blends, cryptos (Not available to non-professional UK traders), ETFs, forex and indices – and in addition, they also offer trading on bonds. The search facility makes finding the required asset very easy. Frequently traded assets can be added to a ‘favourites’ list for quick access.
Binary options traders may be used to having different types of option available, but at Markets.com, as a CFD broker, they only offer trading via the ‘spreads’. One other note on the trading choice, is that the stock list at Markets.com is dominated by US firms, with not so much attention given to FTSE 100 stocks.
Markets.com provide a free mobile trading app. Applications have been written for both iOS (version 6.0 or later required) and android (version 4.0 and up). Both are very well established with a large number of downloads. Users have rated them at 4 out of 5 for iOS and 3.8 out of 5 for the android version.
The application reflects the trading platform at the full site. The full range of assets are available via mobile and the trading mechanism is the same. The display is clear but still displays all the relevant detail and the power of the charting tools remain – though a full screen is desirable for that kind of analysis.
The asset search facility remains, and the trade confirmation screen is the same – allowing full use of stop losses and take profit options.
Markets.com offer very competitive spreads and zero commission. Spreads are generally very tight, particularly on the frequently traded assets that attract high volume. Leverage can magnify profits and losses, making comparison to binary options payouts irrelevant. Markets.com margins compare favourably with their CFD and Spread betting rivals.
Markets.com accept deposits via all the major sources; wire bank transfer, credit cards, e-wallets (such as Skrill and Neteller) and debit cards. Making a deposit is a swift process and those deposits are commission free, there are no fees.
Any withdrawals are made back to the same method as the original deposit. Again, there are no fees for withdrawals and they can be made at any point. Traders funds are segregated from the business funds, as per regulation guidelines.
The minimum withdrawal will depend on the payment method used. For Credit/Debit cards as well as PayPal, clients will need to withdraw at least £10 while for e-Wallets such as Skrill/Neteller the minimum is £5.
For clients wishing to withdraw funds through Wire Transfer the minimum is £100 and €20 within the EU.
Markets.com offer their clients a range of training and benefits:
Markets.com also offers outstanding customer support in multiple languages including English, Arabic, French and Spanish. The support team can be reached through email (email@example.com), live chat and telephone and is available 24/5.