Markets.com was established in 2010 and has gone through several major updates before finding its place among other European brokers. It offers a wide range of CFDs on shares, Forex, indices, and many more. Yet for some of its prospective clients, that could be a limited product portfolio.
Compared to other options, Markets.com offers low trading fees, no commission, and a state-of-the-art platform that is easy to use. It also comes with a few key tools, including client sentiment, analyst recommendations, and insider activity, as well as a good educational section designed to assist those who are just starting with CFD trading. At the same time, it is regulated by several major regulators and its owner is Playtech, a gambling software development company, listed on the London Stock Exchange.
Markets.com is a safe trading platform that enjoys a high level of trust among its clients. It is part of TradeTech, the trading division of Playtech PLC, which is a constituent of the FTSE 250 Index and until recently, also had shares in the online trading platform Plus500. Since Markets.com is regulated in different parts of the world, it is operated by several entities, each compliant with the local regulations regarding CFD trade.
In Europe, it is operated by Safecap Investments Limited and regulated by CySEK (the Cyprus Securities and Exchange Commission), while in Africa, TradeTech Markets is regulated by the Financial Sector Conduct Authority. More importantly, the Markets.com group has a subsidiary based and regulated in the United Kingdom. TradeTech Alpha Limited was granted an FCA (Financial Conduct Authority) license. Besides, it is regulated by the Australian Securities and Investments Commission and the BVI Financial Services Commission in the British Virgin Islands.
Markets.com offers a great range of trading instruments to its clients, who have unlimited access to more than 2,200 trading assets. The opportunities include contracts for difference (CFDs) on commodities, stocks, Forex, indices, bonds, ETFs, and blends.
With Index CFDs, traders can take part in some of the largest markets around the world. CFDs, short for contracts for difference, are agreements between the broker and traders on the difference between the open and closing trade prices. These CFDs are active for a fixed period and Index CFDs at Markets.com cover all key indices from all around the world. Stock market indices measure the performance of a certain group of companies but some indices show the strength of currency or of the companies in one particular country.
Under the Indices category, Markets.com has listed some of the most commonly traded groups of stocks. Traders here can choose from widely popular options such as the S&P/ASX 200 (Australia 200 Index), London’s FTSE100 (Financial Times Stock Exchange 100 Index), Dow Jones Industrial Average, which includes some of the world’s biggest companies, and NASDAQ (US 100).
With an estimated average daily turnover of more than $5 trillion, Forex is the most popular financial market among retail investors. Allowing them to trade CFDs on various currency pairs, this market has huge liquidity and can be accessed 24/7. Those who choose to trade at Markets.com can choose from more than 60 currency pairs, including major types such as the US dollar to Japanese yen exchange rate (USD/JPY) or the Euro to the US dollar, displayed as EUR/USD. The EUR/USD is currently the most traded currency pair in the world and is a preferred option for many traders and investors.
Along with highly popular pairs that include the US dollar, the platform also offers a wide range of minor and exotic currency pairs. Traders can deal in various options such as EUR/GBP, AUD/CHF, GBP/JPY, especially if they are tracking the movement of certain pairs – most pairs with the British pound, for instance, are dependent on the news and sentiments surrounding UK’s planned leaving of the European Union. The Exotic sub-category on Markets.com includes different currency pairs that are less popular among traders – EUR/RUB, USD/BRL, and GBP/RON are just some of them.
The commodities market is probably the oldest form of trading and trading commodities with CFDs comes with a lot of benefits compared to buying or selling futures contracts. For many traders, it is much easier to deal in commodity CFDs since they do not need to own the actual commodity and simply trade at its price. Also, they can trade commodity CFDs on margin – and the margin required is much lower compared to what is needed when trading commodity futures.
At Markets.com, traders can try to make a profit from the price movement of various commonly traded commodities, but there are also futures and trading on the spot. All major commodities are offered, including metals such as gold, silver, and copper, as well as energy products like Brent oil, gas, and crude oil. The platform also offers a nice range of soft commodities like wheat, cotton, cacao, and coffee. The term “soft” refers to the fact that these commodities are grown rather than mined.
Another commonly traded option at Markets.com is ETFs (exchange-traded funds). ETFs are pooled collections of investments and hold different assets such as commodities, company stocks, or bonds. Markets.com offers trading of some of the most widely recognized ETFs such as SPY or the SPDR S&P500 ETF Trust tracks the S&P500 Index, a benchmark for large-cap US equities. Other options within this product category are QLD (ProShares Ultra QQQ), LIT (Global Lithium and Battery Tech ETF), and many more.
One of the largest product categories listed at the Markets.com proprietary platform is Shares. It lists hundreds of companies and traders can profit from the price change of various shares. The companies represented include some of the leading names in social networks, technology, banking, and more. There are Apple, Facebook, Deutsche Bank, Barclays, Netflix, Tesla Motors, Tesco, Vodafone, and more.
Besides, Markets.com offers its clients the ability to buy and sell cryptocurrencies as CFDs. Bitcoin is certainly the most popular cryptocurrency – it was the first one to appear and despite the recent spikes and drops in its price, it remained the most solid cryptocurrency. The platform also offers trading in its smaller, younger brother Bitcoin Cash. Also, traders can choose Litecoin, Ripple, Ethereum, and Dash.
Markets.com offers its clients its flagship trading platform MarketsX, as well as the standard MetaTrader suit. The choice of a platform would depend on their specific characteristics, the spreads, user-friendliness, and overall cost.
First of all, MarketsX is quite straightforward and easy to use – the screen automatically splits into two and the different modules are linked at all times. There are multiple views of the same instrument, a long list of indicators, as well as a useful Tools section. It includes Markets.com’s Knowledge Centre, which provides less experienced traders with basic knowledge and tips from experts. It consists of live trading rooms, analysis of past sessions, video tutorials, and many more.
Moreover, the platform has a convenient Trading Calendar, which includes all upcoming events and gives access to related predictions, trends, and analysis. There are also useful links to financial news, commentaries, multi-symbol charts, insider trades, bloggers’ opinions, trader sentiments, hedge fund confidence, trends, signals, and more. The spreads are quite competitive, whereas there are no commission fees. The leverage is generous, reaching up to 1:300 for professional clients in Europe and the UK, while for retail clients, it is 1:30.
Traders outside the EU can enjoy leverage up to 1:300 and deposit bonuses. There is standard negative balance protection and clients’ funds are kept separate in segregated bank accounts. The platform is available on all modern phones and tablets, whether they run iOS or Android.
Most traders would find the interface of MetaTrader 4 and its updated version, MetaTrader 5, familiar and easy to use. It comes with a few customization options, useful tools, and plenty of instruments to choose from. However, pricing here is a bit higher than it is at the company’s flagship trading platform. MetaTrader 5 is also available for desktop and mobile devices (iOS, Android).
Traders who register at Markets.com will discover they can use a wide range of currencies, including USD, AUD, DKK, EUR, GBP, NOK, PLN, SEK, and ZAR. Since the platform is available globally, the great choice of account base currencies is very important. Another thing to take into consideration is the lack of depositing fees – all deposits are free of charge, which is great news for all traders. Moreover, withdrawals are also free. In comparison, most competitors of Markets.com charge withdrawals up to $50 per transfer.
The platform also allows clients to use a wide range of payment methods. They are all perfectly safe to use, quite convenient for most people, and quick in moving funds from one place to another. Deposits via e-wallets such as PayPal, Skrill, and Neteller are instant, as are those via Mastercard and Visa credit and debit cards. Additionally, clients can make deposits using Wire Transfer, Local Bank Transfer, Sofort, and iDeal online banking payments.
Withdrawals, on the other hand, are processed within 24 hours and then may take a few days to reach the client’s account. While the minimum deposit is $100, the minimum withdrawal amount is $5. Of course, these limits vary depending on the region where you live.
There are two major types of client accounts available at Markets.com – the Classic and the Premium one, but along with them, traders in the UK can also open Professional accounts. Clients from France can also register trading accounts with limited risk on a per position basis following French regulation.
One of the best features of Markets.com is the opportunity for trading without risking any actual money. This is possible thanks to the Demo account, available to all clients of the platform. To open such an account, traders simply need to sign up and they will receive a demo balance and a particular free margin. With this account, traders can try all investment types and trading products.
To trade in with real money, however, they will need to verify their identity and opt for a Real Account. Once they make a deposit, they will be able to buy and sell currency pairs and trade in CFDs. Several Real Accounts could be opened, including Classic and Premium, depending on the individual’s deposit amounts. Professional clients can also sign up at Markets.com. They will receive higher maximum leverage than the percentages offered to retail clients.
The spreads and leverage percentages vary across different underlying instruments and country of residence. However, the spread is very tight and there is no commission. Also, the leverage may be higher for professional account holders.
To meet the demands of its clients from various countries around the world, Markets.com is available in several different languages, namely English, German, Danish, Dutch, French, Italian, Spanish, Portuguese, and Arabian. The site features a useful Support Centre with a FAQ-like section.
Traders can instantly contact customer support at any time on weekdays. They can call 35946071 – the lines are open from 10 pm GMT Sunday to 10 pm GMT on Friday. Most people would prefer to directly contact the site via the Live Chat function.
Markets.com is a safe, reliable CFD broker that offers a feature-packed, web and mobile trading platform with low spreads and no commission fees. The broker gives its clients up to 1:300 leverage, unlimited demo accounts, as well as a wide range of CFDs on Forex, shares, indices, ETFs, commodities, and cryptocurrencies. All this situates it among the best trading platforms for European traders.