Markets.com was founded in 2008 under the name GFC Markets. Two years later, the brokerage was rebranded into its current name, following a merger between its owner, and namely Safecap Investments Limited with TradeFX. This led to significant changes for the brokerage as it sold its binary options platform.
At the moment of writing this review, Markets.com mobile trading app offers over 2,000 assets and four trading platforms. Investors will be interested to know that the brokerage utilizes MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
In addition to that, mobile traders can enjoy an outstanding experience even on the go thanks to the brokerage’s dedicated apps designed to cater to the needs of iOS and Android users. If you are a non-English speaker, you should know that Markets.com mobile trading app is available in several other languages, including Danish, French, Dutch, German, Italian, and others.
Account Types
Markets.com caters to its investors of various skill levels and preferences by providing them with the opportunity to choose from several accounts, including demo, retail, professional, and swap-free (Islamic).
When you decide to set up an account via the mobile platform of Markets.com, you can start with a demo account and switch to a retail account any time you are ready to invest real money. Once you upgrade your skills, you can consider playing with a professional account. Muslim investors can apply for a swap-free account that is compliant with the Sharia Law.
Demo Accounts at Markets.com Mobile Trading App
Demo accounts are designed for investors that would like to improve their knowledge without putting their money at stake. Markets.com will fund your account with virtual funds and you will be able to trade with $10,000.
What is more, the demo accounts can be extended and investors can use them for an unlimited time frame. If your balance is in the red, traders can get in touch with the friendly customer support representatives via the live chat facility and request more funds to be added on the spot.
Demo account holders will have access to a plethora of instruments that can be traded under real-time market conditions. What is more, you can test various trading strategies and choose the one that best suits your goals.
Retail Accounts at Markets.com Mobile Trading App
If you feel ready to start trading for real money, you can opt for the real account option. Generally speaking, it works in the same way as the demo account. Investors need to make a minimum deposit of $250 to start trading for real money. The margin level is at 50%. In addition to that, investors can benefit from various tools, and more precisely stop loss and take profit, to prevent themselves from significant losses.
Markets.com mobile trading app also features educational tools that can be very useful for your trading experience. Among all other things, mobile investors will find analyst recommendations that will orient them in the trading tendencies. The retail account will provide you with access to more than 2,000 tradable assets. The leverage is flexible depending on the regulator that you will register under. For non-EU residents, Markets.com offers a leverage of up to 1:300, while EU clients can receive up to 1:30 leverage due to the latest ESMA regulations.
Professional Accounts at Markets.com Mobile Trading App
Professional accounts are designed for clients that are familiar with the ins and outs of trading. What is exceptional about these accounts is that they offer higher leverage. Traders should keep in mind that the higher the leverage is, the greater the risk is. To qualify for opening a professional account, you should provide a portfolio showing that you invested over $500,000 so far through various trading instruments.
It is important to explain that professional account holders are not affected by the European Securities and Markets Authority’s (ESMA) regulations. This means that both EU and non-EU residents can claim the same maximum leverage. The minimum deposit to start playing with a professional account is $250.
Swap-Free Accounts at Markets.com Mobile Trading App
Islamic trading accounts are tailored to cater to the Muslim world. These accounts are also known as swap-free. To make it clearer, we would like to explain what is swap. In its essence, a swap is a fee that is imposed for leaving open positions on the Forex market overnight. It can be interpreted as a tax collected by the broker for that service.
According to Sharia Law, Muslims should not participate in financial transactions that feature the accumulation of interest. Hence, a good-enough number of brokers, including Markets.com decided to remove the swap for its Islamic finance investors. It is important to explain that the Islamic account is very similar to the regular retail account, with the only difference that the former does not feature the swap fee.
Trading Instruments
Markets.com mobile trading app has a remarkable portfolio as it offers various trading instruments. Trading shares, indices, bonds, blends, currency, cryptocurrency, and ETFs are all included in the broker’s catalog of available instruments. Clients can also take advantage of the so-called Contract for Differences (CDFs) that allows European investors to speculate on the price movement of an asset without owning the asset. It is extremely important to understand that CDFs are complex tools that you need to use carefully. According to statistics, 73.9% of retail account holders lose money when trading CDFs with this broker. What is more, investors should bear in mind that the minimum trade is set at 0.01 lots.FX & Crypto
Mobile traders can choose from a total of 67 currency pairs. Markets.com features major, minor, and exotic currency pairs, including EUR/USD, USD/JPY, GBP/AUD, EUR/CHF, AUD/CAD, etc. The leverage for EU residents is set at 30:1 for major currency pairs and 20:1 for non-major currency pairs.
In case you enthuse over trading cryptocurrency, you should be informed that the mobile platform of Markets.com features 6 possibilities, and namely Bitcoin Futures, Ethereum, Bitcoin Cash, Dash, Litecoin, and Ripple. Retail account holders that are EU residents should keep in mind that they can benefit from a leverage of 2:1 when trading cryptocurrencies.
Shares and Indices
Undoubtedly, Markets.com offers great diversity to mobile investors who prefer trading shares. There are over 2,000 shares, including Germany 30, USA 500, Vixx, Australia 200, Hong Kong 45, etc. Investors can also trade shares with CFDs to add an extra thrill to their experience. However, this is quite a risky adventure, so we recommend it only to seasoned traders.
If you are interested in trading indices on the go, the mobile platform of Markets.com offers over 40 cash and future indices that can be traded with CFDs. The leverage for EU residents that hold a retail account is set at 20:1 for major indices and 10:1 for non-major equity indices. If you are a resident of the UK, you have the opportunity to open a spread betting account to trade indices.
Commodity
Markets.com offers over 20 commodities, including soft and hard. If trading soft commodities is up to your alley, you will find several assets, including cocoa, coffee, corn, cotton, rice, soybean, sugar, and wheat. When it comes to hard commodities, you will find various options such as gold, silver, copper, Crude oil, Brent oil, etc. Commodities other than gold are leveraged at 10:1 for retail accounts, while gold features a leverage of 20:1 for EU residents.
Bonds and Blends
Markets.com mobile trading app trots out several bond trading options. Even though trading bonds is not as profitable as other trading instruments, it comes with several advantages, and protection is at the forefront. Assuming that you would like to expand your trading portfolio, you can try your luck on trading blends. Blend funds can be described as hybrid funds. This broker offers different kinds of blends such as cannabis blend, buffet blend, Brexit Losers blend, etc.
Exchange-Traded Funds
Investors who are into trading exchange-traded funds (ETFs) should know that they will not be left empty-handed at Markets.com as the mobile trading platform offers over 50 ETF assets from different places of the world. This trading instrument allows you to buy or sell by exchanging. Hence, ETFs are often referred to as passive investments as you do not try to outperform the market.
Fees and Spreads
When it comes to choosing a mobile trading platform, one of the first things investors are interested in are the spreads and the fees. We must admit that Markets.com offers not so modest fees, but the broker certainly is worth its salt. Needless to say, spreads vary for the different instruments.
The spreads for currency pairs start from 1.10 pips for USD/INR and climb up to 250 pips for EUR/RON. Trading indices comes with a spread that ranges from $0.05 and goes up to $22.50. As for the spreads of trading commodities, these start from $0.0055 and reach $10. Most bonds come spreads of $0.06, except for US TBond 30Y that features spreads of $0.07.
In case you wish to trade shares, you will face spreads that start from $0.01 and go up to $1.61. The spreads for trading ETFs range from $0.0300 to $0.35. The spreads associated with trading blends range between $0.07 and $0.67. Trading cryptocurrency via the mobile platform of Markets.com will cost you from $0.0100 up to $50.00 in spreads.
On the bright side, the broker does not impose a lot more other fees and taxes as these are included in the spreads. Some of the additional charges you may encounter include a tax for holding positions overnight, an inactivity fee, and a slippage tax.
Banking
Struggling to attract the attention of new investors, brokers go far and above to please their clients’ preferences. For that reason, Markets.com provides its mobile traders with various hassle-free and prompt payment solutions, including bank cards, bank transfers, e-wallets, and online banking. What is more, players from international markets are also well taken care of as the trading app accepts payments in several different currencies, and more precisely DKK, AUD, SEK, USD, GBP, EUR, NOK, ZAR, and PLN.
| Brand | Minimum | Fees | Processing Time |
 | $250 | No Fees | Instantly |
 | $250 | No Fees | Instantly |
 | $250 | No Fees | Instantly |
 | $250 | No Fees | Instantly |
 | $250 | No Fees | Instantly |
 | $250 | No Fees | Instantly |
| Brand | Minimum | Fees | Processing Time |
| $10 | No Fees | Up to 7 business days |
| $10 | No Fees | Up to 7 business days |
| $100 | No Fees | Up to 5 business days |
| $10 | No Fees | Instantly |
| $5 | No Fees | Instantly |
| $5 | No Fees | Instantly |
Deposits
In case you wish to start trading for real money, you need to make a minimum deposit of $250. To top up your account, you can use Visa, Mastercard, Skrill, Neteller, PayPal, Ideal, Sofort, and Bank Wire Transfer. It is important to explain that some payment solutions are available only to residents of certain countries. For example, Skrill and Neteller serve the interest of UK residents, while PayPal, Ideal, and Sofort are geared toward the European market.
Deposits are processed on the spot and there are no additional fees. Making a deposit is more than easy even on the go as the platform is designed with mobile traders in mind. With just a few taps you can top up your trading account. In addition to that, the broker provides its clients with the opportunity to transfer their deposits to the MT4/5 platform. To do so, traders need to tap on the “My Accounts” button and select the “Funds transfer” button from the pop-up window.
Withdrawals
What makes this mobile trading app so attractive to investors is that it does not charge fees for withdrawing funds. In case you want to pull out your profits, you can do so via Skrill, Neteller, Visa, Mastercard, PayPal, or Bank Wire Transfer.
What traders should keep in mind is that they cannot cash out less than $10 via any of the available bank cards and PayPal. The minimum amount that you can withdraw via bank wire transfer is set at $100, while Skrill and Neteller offer a minimum withdrawal of $5. The quickest way to receive your payment is to use any of the available digital wallets as the withdrawal will be processed within 24 hours. Withdrawals via wire transfers might take up to 5 business days, while up to 7 business days are needed for withdrawals to go through via bank cards.
It is of crucial importance to keep in mind that the trading platform approves withdrawals only to accounts that bear your name. In addition to that, the broker approves the payments within 24 hours. Interestingly enough, there are no cashout limits, which means you can withdraw as much as you like from your earnings.
Regulation
Markets.com takes pride in its reputation that remained untarnished over the years of experience. The mobile trading app received approval from several regulators to provide its trading services to investors from different nationalities. The broker hold licenses issued by the Cyprus Securities and Exchange Commission (CySEC is reliable for the EU market), the Financial Supervision Commission (FSC is overseeing the global market), the Financial Conduct Authority (FCA is in charge of the UK market), the Australian Securities and Investments Commission (ASIC is responsible for the Australian trading market), and the Financial Sector Conduct Authority (FSCA is overseeing South Africa’s market).
FAQ
1. How can I contact the customer support department?
2. Is it safe to trade via the mobile platform of Markets.com?
3. What is the maximum leverage Markets.com mobile trading app offers?
4. Where can I find the apps for iOs and Android?
5. What can I trade with Markets.com mobile app?
Conclusion
Markets.com is an experienced mobile trading app that has all the potential to meet the expectations even of the most capricious traders. The broker offers a plethora of assets and trading instruments to keep you excited for long. In addition to that, this mobile trading app is among the most reputable ones on the market. What is more, the mobile version of Markets.com features an easy-to-navigate interface, ensuring a remarkable and hassle-free trading experience.