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Markets.com

Min. Deposit: $100
EUR/USD Spread: Fixed
Regulation: CySEC, FSB
Accepts US Clients: No
Web trading: Yes
Mobile trading: Yes
Live chat: Yes
Currencies accepted: USD, EUR, GBP, CAD, JPY
Overall Rating: 4.04/5

Markets.com REVIEW

is the global brand used by Safecap and it is owned by Markets Limited. Both these companies are the subsidiaries of Playtech PLC which is a company traded directly on the London Stock Exchange Main market. Playtech PLC is one of the constituents of the FTSE 250 index. Markets.Com is a CFD and forex trading broker providing a variety of trading services. With access to more than 300 trading assets in the form of indices, stocks, currencies and commodity CFDs, Markets.Com stands out as one of the best brokers for CFD trading. There is always a huge risk involved in CFD trading and you need to have a proper risk management policy to protect your investment.

LICENSING AND REGULATION

The holding company of Markets.Com, Safecap Investments Ltd is a properly regulated investment services company. It is authorized by the Cyprus Securities Exchange Commissions (CySEC) with the license number 092/08. It is also authorized by the Financial Services Board (FSB) in South Africa. The license number is 43906. The company is located in Cyprus. Markets.Com provides CFD and trading services to international clients except for those from USA, Canada, Belgium, and Japan. All the licensing information is available directly on the homepage of Markets.Com, making it easy for traders to find it.

RELIABILITY

Markets.Com is certainly a reliable broker with CySEC and FSB licenses. Moreover, the holding company is one of the constituents of FTSE 20 index, which means that the company has a solid economic background. Markets.Com provides trading services in 20 international languages, making it easy for foreign traders to trade without any confusion. With several years of experience in the forex and CFD market, Markets.Com is a reliable trading partner. The transactions are carried out through encrypted servers and your trading history is kept safe.

MONEY PROTECTION

The requirements of CySEC license ensure that the clients’ funds are put in segregated accounts. This ensures that your money won't be used for the business operations of the broker. Markets.Com also provides Negative balance protection. This means that you won't lose more than the capital invested. This is crucial for CFD trading because the high leverage can make it possible to lose everything you have.

ACCOUNT OPTIONS

Markets.Com provides multiple account options to suit the needs of different types of traders. The demo account is useful in testing your trading strategies. You can start trading live with a small deposit of $100. If you are an experienced trader, you can start your account with $2500 and enjoy additional benefits such as News to Mobile service. If you are an advanced trader interested in trading bigger lot sizes, you can deposit $20,000 and become a VIP trader. In addition to the News to Mobile service, you can also get free forex signals through SMS. Traders who trade in large volumes deserve these additional benefits to minimize loss. The leverage offered by Markets.Com varies from 5 to 200 depending on the asset traded.

BONUS AND OFFERS

Markets.Com provides multiple bonuses to encourage traders to trade more. You can literally start trading without investing your money with the $25 sign up bonus. Once you sign up with the website, a $25 bonus will be credited to your account and you can start trading immediately. The free deposit bonus is provided for every deposit you make. You can easily earn $75 bonus for a $350 deposit. For a $1000 deposit, you can earn a bonus f $350. For higher deposit values, higher bonuses are offered. Markets.Com also provides a proof of identification and proof of residence bonus. You can get $25 every time you prove your identity and address. This is applicable once per household. Apart from these bonuses, a free bonus is available for traders who meet the trading points requirement. Additionally, Markets.Com offers refer a friend bonus where you can earn your bonus when your friends use Markets.Com services. When they make their first deposit, you will earn a bonus based on the amount deposited by your friends. Interestingly, Markets.Com has partnered with Arsenal FC, the legendary football club. The unique partnership is a boon for sports lovers. This is a welcoming news for traders interested in football games because the partnership offers something extra for football lovers. Members of Markets.Com now have a chance to win the VIP Hospitality pack complete with flights, hotels, team merchandise and special tickets to a big game. You need to meet the VIP requirements to be eligible for this offer.

TRADING PLATFORM

Markets.Com provides an in-house trading platform that can be accessed directly from your browser without any download. The CFD broker claims that the trading platform is one of the finest in the industry with powerful features. It also provides access to a variety of trading tools directly from the platform. The research and trading resources will benefit different types of traders. Markets.Com has also released a mobile version of the trading platform. You can download the mobile trading app for android and iOS devices. You have to sign up with the website to gain login access to the web-based platform.

DEPOSIT AND WITHDRAWAL OPTIONS

Markets.Com is one of the rare and flexible brokers allowing you to open your trading account in a variety of currencies such as USD, GBP, EUR, JPY or CAD. The minimum deposit required is $100. There is no upper limit on the amount of money you can deposit. You can enjoy additional features if you deposit a bigger amount. You can use multiple deposit options such as credit cards, debit cards, skrill, e-wallet, local payment methods and bank wire transfers. Similar withdrawal options are available and funds are always withdrawn by the same method used for the deposit.

COMMISSIONS AND SPREADS

Markets.Com doesn’t charge any commission for traders. Also, there is no fee or charge for deposits. The company makes its profit with the spread. The EUR/USD spread starts at 2 pips. The spread varies depending on the currency or asset traded. It is certainly one of the forex brokers offering a lower spread to allow traders to enjoy bigger profits.

CUSTOMER SUPPORT

While choosing a forex broker, paying attention to the customer support team is important. A reputable broker should provide multiple access points for customer service. You can email your queries to various departments of Markets.Com directly using the customer support email contacts. The customer support team is available 24 hours a day on all the 5 days. The live chat feature is useful to get immediate answers. Many traders still prefer resolving their issues through phone calls. Markets.Com has about 25 local numbers in international countries for the support center. The multi-language customer support is one of the best features of Markets.Com.

POTENTIAL CONCERNS

If you are from USA or Canada, Markets.Com services are not available for you. While the account options are flexible, the lack of flexibility with trader platform is a slight inconvenience. The browser based platform is compatible with various operating systems, but some people prefer to use the downloaded software. When the trading platform can't be downloaded, it is not possible to use the auto-trading systems. Essentially, your trading options are limited by the features of the browser-based platform. Also, mobile trading is not available for those who use Windows mobile phones. One of the major advantages of Markets.Com is the guaranteed safety and reliability of the broker. The holding company is directly engaged in the London Market Exchange, which provides solid proof of financial stability. Also, it is one of the ideal choices for traders looking for a fuss free trading experience. If you prefer using third party resources to research the forex market, you need to use the information on the web-based platform.