Markets.com Review

Markets.com Review

Forex, Commodities, Indices, Shares, ETFs, Cryptocurrencies & Bonds

  • CySEC & FSCA regulated ✔
  • Fixed spreads from 2
  • 2000+ CFDs
  • Trader Friendly grade: A
  • Premium accounts
  • 90 indicators
  • Minimum deposit: $100
  • Micro lot trading
CFD Trading • 24/7 Cryptocurrency CFD Trading • Markets.com

Markets.com Review

Markets.com is operated by Safecap Investments Limited which is regulated by the South African FSCA and the CySEC. It provides fixed spreads and a range of CFDs and account types. Markets.com may be compared with other brokers.

Bitcoin Futures

Markets.com offers trading in Bitcoin Futures CFDs (based on the CME Bitcoin Futures Contract, which is itself based on the CME CF Bitcoin Reference Rate). Leverage is offered at 1:1. The spread is as low as $140 and no Wallet is needed.

Cryptocurrency CFD trading

In addition to Bitcoin Futures CFDs, Markets.com also offers Ethereum, Litecoin, Ripple, Bitcoin Cash and Dash CFDs. Leverage is available, up to 2:1 for Markets.com operated by Safecap Investments Limited (CySEC regulated).

24/7 Cryptocurrency CFD trading

Bitcoin Futures is traded Sunday 23.00 - Friday 22.00 GMT (with a daily break from 22.00-23.00). However the other Cryptocurrencies can be traded 24/7 (trading may be interrupted on Sunday due to system maintenance).

Awards

Markets.com was awarded 'Best Forex Provider Of The Year' and 'Best Forex Trading Platform', at the 2017 UK Forex Awards.

Opening an account

Accounts can be opened from many countries except for Japan, USA, Canada and a number of other countries.

Account types

Markets.com offers three account types, Classic, Standard or Premium, depending on the deposit, and an Islamic account. The Premium account comes with premium daily analysis analysis, premium customer support as well as a dedicated account manager.

Minimum deposit

The minimum initial deposit is $100 for the Classic and Islamic accounts, $2500 for the Premium account and $20,000 for the VIP account. Markets.com does not charge a withdrawal fee. Markets.com accepts deposits by credit card, Poli (for UK residents only), Fast Wire Transfer, wire transfer and WebMoney.

Platforms

Markets.com provides a web platform and MT4. Mobile and tablet apps are available as well. The chart on the web trader platform has time frames from 1 minute to 1 week, and bar, candle, area, Heikin-Ashi and line charts available. 90 indicators are available, including MACD, RSI, ADX and Ichimoku. Tools accessible on the platform include Events & Trade, Daily Analysts Recommendations, Insiders' Stuff and Trading Central.

Events and Trade

Market.com has a feature on its web trader called 'Events and Trade' which is an economic calendar that filters incoming events, based on the forecasts of a range of economists. This tool shows how a given event may affect various markets, according to its analysis, find out more about Events and Trade.

Markets

The CFDs available to trade on the platform are quite extensive, over 2000 are available. Most of these are Shares from around the world, but there are also Currency pairs, Indices, Commodities, ETFs, Cryptocurrencies and Bonds. These commodities are Energy, Metals and Soft Commodities.

Spreads

  • Spreads are fixed on Markets.com's web trader, from 2 pips for EUR/USD and GBP/USD, 3 pips for USD/JPY, 1.2 for the FTSE100, 0.70 for Gold and 0.03 for US Crude Oil.
  • On MT4 spreads are also fixed from 3 pips for EUR/USD, GBP/USD and USD/JPY, 2 for FTSE100, 0.70 for Gold and 0.05 for US Crude Oil.

Leverage

Maximum leverage is for Markets.com operated by Safecap Investments Limited (CySEC regulated).

Placing a trade

Markets are chosen from a menu bar across the platform, an individual CFD instrument can then be selected and its chart appears on the platform. Trades can be placed from 'Buy' and 'Sell' buttons on the chart. Orders may be placed from 0.01 lots for Forex (micro lots). A stop loss and a take profit can be set from the order box and also pending orders (Entry Limit and Entry Stop).

Regulation

Markets.com is operated by Safecap Investments Ltd, a Financial Services Company authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license no. 092/08 and by the Financial Services Conduct Authority (FSCA) in South Africa as an Authorised Financial Service Provider under FSP no. 43906.

Safecap Investments Ltd address is 148 Strovolos Avenue, 2048 Strovolos, P.O.Box 28132, Nicosia, Cyprus. Markets.com is owned by Playtech Plc (PTEC.L), an FTSE 250 software and services company listed on the London Stock Exchange.

Order execution

Safecap says that it receives prices from a number of feeds for Markets.com including CFH Clearing Limited, Six Financial and Leverate Financial Services Limited. It says that latency, the delay between an order request and response is on average 1.5 seconds, but can be as much as 6 seconds. Safecap says that Markets.com offers negative balance protection.

Summary and grade

Markets.com has an extensive number of CFDs to trade, with a range of types of CFDs and a relatively large set of indicators. There are brokers with lower fixed spreads out there, but Markets.com does provide features such as a news feed and other platform tools.

Markets.com's platform features, support for cryptocurrency trading, number and range of markets available and its provision of both MT4 and a web trader, help give this broker a Trader Friendly grade of A.

Pluses and minuses

  • Markets.com offers 2000+ CFDs with a range of markets
  • Markets.com offers a fully functional web trader
  • More features require higher deposits
  • Markets.com provides Bitcoin Futures CFDs to trade
  • Markets.com offers Weekend trading of Bitcoin Cash, Ethereum, Litecoin, Dash and Ripple CFDs
  • Micro lot trading is available
  • Markets.com provides competitive fixed spreads for all account types