Markets.com Review and Tutorial 2018
United States not accepted.
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|Markets.com Facts & Figures|
Markets.com offer CFDs across a huge range of assets from shares and indices to commodities and cryptocurrencies. This CySec regulated broker is also a sponsor of Arsenal FC.
|Mobile Apps||iOS, Android|
|FTSE Spread||1.2 pts|
|GBPUSD Spread||2 pips|
|Oil Spread||4 pips|
|Stocks Spread||0.1% Var|
|GBPUSD Spread||2 pips|
|EURUSD Spread||2 pips|
|GBPEUR Spread||2 pips|
Markets.com is a reputable forex broker owned and managed by Safecap Investments Limited. The company forms an arm Playtech PLC which is traded on the LSE Main Market and forms a part of the FTSE 250 Index. In addition to this, being founded in 2006 and established as a regulated forex broker in 2008, the company has made quite the name for themselves. Their headquarters are located in Cyprus at 148 Strovolos Avenue, 2048 Strovolos, P.O.Box 28132, Nicosia, Cyprus. They offer their services to customers from all over the world, excluding Japan, Canada, Belgium and the United States.
Regulation & Reputation
When choosing a forex broker, it is strongly recommended that they are regulated by a reputable regulatory agency, for there are numerous fraudulent brokerages out there who are not. Luckily for Markets.com, they are regulated by the Cyprus Securities and Exchange Commission (CySEC), which is a highly reputable regulatory agency. They obtained regulation in 2008 under license number 092/08. As well, they are licensed and regulated by the Financial Services Board (FSB) in South Africa, under license number 43906. These regulatory bodies ensure a certain degree of safety for consumers trading with Markets.com.
In addition to a company’s regulation, their reputation is a very important aspect when considering which brokerage to choose. Markets.com has proven to be quite reputable, as they are now the official trading partners of the Arsenal F.C., and they have received numerous awards from international finance reviewers, including:
- Forex Provider of the Year 2017 (UK Forex Awards)
- Best Forex Trading Platform 2017 (UK Forex Awards)
- Best Broker in Customer Service Europe 2012” (Global Banking & Finance Review)
- Best Customer Service 2012 (London Investor Show Forex)
Trading Platforms Available
Markets.com has their very own proprietary trading platform. The platform is web based to be used on any laptop or computer. As well, it comes as a mobile application for both Apple and Android powered devices, so you can trade while on the go. The Markets WebTrader platform is very simple and user friendly while at the same time it boasts advanced charting and analysis tools. Also, it includes a variety of technical indicators used to supplement charting analysis for better forecasting.
Since the platform was developed specifically for their clients, the company has incorporated several unique features to make the platform stand out. One of these unique features is known as trading cubes. This feature streamlines the trading process by enabling users to view multiple trading instruments simultaneously. As well, traders are updated with real time news feeds so that they can keep track of market moving news.
For traders migrating to Markets.com but wish to use a familiar trading platform, they have the option to use the popular MT4 platform. The platform can be easily accessed via the main trading screen.
Markets.com is very basic when it comes to account types. There is only 1 main type of account, with 2 other types of accounts as well. See the overview of them below;
- Real Account– This is their standard account in which most traders will sign up for. The required minimum deposit is only $100.
- Demo Account- This type of account is quite standard in the online trading market. Like all the others of it’s kind, traders can test out the trading platform using virtual money.
- Swap Free Account– This type of account accommodates Muslim traders by operating in accordance to the Islamic Sharia Principle of interest free trading.
All the accounts mentioned above have a maximum available leverage of 1:300 for forex trading and come with the same basic features:
- Daily market analysis
- 24-hour customer service
- Webinars (Only on certain days and times)
- Support from dedicated account managers
Bonuses & Promos
If there’s one area where Markets.com fails to impress, it’s their lack of bonuses or promos offered. Currently, traders who sign up with the platform can receive a $25 credit with no deposit required.
Assets & Instruments
In terms of trading instruments available to trade via Markets.com, traders will not be disappointed. The brokerage offers a variety of instruments including:
- Shares – Investors can trade over 2000 shares in over 12 major markets with leverage of up to 1:10
- Forex – Over 50 currency pairs available, including all majors, minors, and many exotics available 24 hrs a day, 7 days a week. Traders can enjoy fixed spread as low as 2 pips, and leverage up to 1:300.
- Crypto – Traders can trade 12 different cryptocurrency pairs 24/7 with up to 1:5 leverage.
- Indices – Over 25 major indices are available for trade from over 20 different countries. Leverage is up to 1:150.
- ETFs – Over 1900 assets available and over 30 ETFsto place trades with. Traders enjoy leverage up to 1:100 and low margins.
- Commodities – More than 15 commodities with tight spreads and up to 1:200 leverage.
Markets.com excels in the area of customer support, by offering their clients support in over 25 languages 24 hrs a day, 5 days a week via live chat or email. In addition to this, there is an informative support centre where user can find the answers to most of their questions. Also, the trading platform itself is available in 15 major languages including Arabic, Dutch, French, German, Italian, Norwegian, Russian, Spanish, and Swedish.
Deposit & Withdrawal
Markets.com offers 4 standard methods for deposit; bank wire transfer, major credit cards, Neteller, and Skrill. As well, they offer some additional methods such as BankLink (SwedBank), eKonto, Fast Bank Transfers (Envoy/WorldPay), Giropay, Ideal, Instant Bank, Mistercash, Multibanco, Przelewy24, and Sofort.
As for withdrawals, Markets.com will use the same method as used for depositing funds into a trading account. There are no fees imposed on traders for making a withdrawal. However, they must meet the minimum withdrawal requirements.
- Credit/Debit card: minimum 10 USD/EUR/GBP
- Skrill/Neteller: minimum 5 USD/EUR/GBP
- Wire Transfer: minimum 100 USD/EUR/GBP and 20 EUR within EU
Withdrawal requests are completed with 1 day and require further processing times depending on the method used.
Is Markets.com Best For Day Trading?
Markets.com is a great brokerage for day trading due to several factors:
Education- The brokerage hosts numerous webinars with the focus on educating traders on the various aspects of day trading.
Trading Tools- The broker features advanced charting and analysis tools. As well as a variety of technical indicators used for technical analysis.
Range of assets- There is a massive array of assets to choose from, which makes this brokerage great for day traders who are just beginning or seasoned veterans.
Is Markets regulated?
Yes, Markets is regulated by the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Board (FSB) in South Africa.
What methods can I use to deposit funds at Markets?
Deposits can be made through bank wire transfer, major credit cards, Neteller, and Skrill, as well as through BankLink (SwedBank), eKonto, Fast Bank Transfers (Envoy/WorldPay), Giropay, Ideal, Instant Bank, Mistercash, Multibanco, Przelewy24, and Sofort.
Does Markets accept international traders?
Yes, International traders are accepted except from Japan, Canada, Belgium and the USA.
How long will it take for my withdrawal request to be processed?
Within 1 hour. That is if you have everything set up with all the right documents.
Is there a fee for making a withdrawal?
No, there are just minimum amounts required for withdrawals.
What is the minimum initial deposit requirement at Markets?
The minimum initial deposit requirement is $100.
Markets.com accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders can not use Markets.com from United States, Canada, Belgium, Israel, France.
|Markets.com offer CFDs across a huge range of assets from shares and indices to commodities and cryptocurrencies. This CySec regulated broker is also a sponsor of Arsenal FC.|