Markets.com Forex Broker Review
- Website: www.markets.com
- Phone and Chat Support
- Office address:
- 148 Strovolos Avenue, 2048 Strovolos
- P.O.Box 28132, Nicosia
Markets.com is an award winning global online trading brokerage that provides traders with the opportunity to trade Forex and CFDs on Stocks, Indices, Commodities, and Cryptocurrencies. Markets.com Global was founded in 2008 and is owned and operated by STA Global Investments (Pty) Limited which is owned by TradeTech Markets Limited and is a subsidiary of Playtech PLC, a company traded on the London Stock Exchange’s Main Market and a constituent of the FTSE 250 index. Therefore, Markets.com clearly has a viable reputation and is also licensed and regulated by the Australian Securities and Investments Commission (ASIC) under license number 4240. To date, Markets.com is one of the fastest growing Forex and CFD trading brokerages with over 5 million registered accounts, 13 million trades placed, and $185 billion traded in the last year. While Markets.com is a very large and successful online trading brokerage, are the trading services they provide, and the financial assets offered right for you? Find out in our in-depth review where we break down all aspects of the Markets.com online trading brokerage and discover if they are the right broker for you.
Markets.com offers traders two different types of accounts to choose from, a Demo account and a Real account. See the two account types overviewed below.
The Demo account allows traders to test out the Markets.com trading platform and trading services by using $100,000 in virtual money to practice trading. The Demo account is free to use, operates in real-time, and has no time limit as to how long you can use it.
The Real account can be opened with a low initial deposit of just $100. All of the tradeable assets featured at Markets.com are available to trade upon opening an account. Traders can trade on leverage of up to 1:300 and have unlimited access to all of the trading platforms features.
Markets.com provides traders with a proprietary web based trading platform that has been designed and built from the ground up for the trading of Forex and CFDs on a wide range of financial assets. The Markets.com platform is accessible via any web browser on any computer, making it accessible to nearly everyone in the world. The platform is intuitively designed and accomodates the needs of both beginner and experienced traders. Traders have access to an array of advanced market analysis tools and an exclusive events and trade calendar to help spot trading opportunities and market trends. Traders can also manage their risk with various advanced order types such as Stop Loss, Take Profit, Entry Limit, and Entry Stop. As well, traders can participate in one click trading directly from the charts for a more seamless trading experience. The charting package utilized by the Markets.com trading platform is very advanced and has numerous built-in technical indicators, drawing and analysis tools, chart types, and time frames. All in all, the Markets.com proprietary trading platform is of excellent quality and accomodates the needs of all traders.
The same proprietary Markets.com trading platform is fully optimized and compatible to work on both iOS and Android mobile devices. The platform can be downloaded for free from the Apple App Store and the Google Play Store. Traders can now trade while on the go, create watch lists, set alerts, and manage their portfolio. The mobile trading platform by Markets.com does not disappoint.
Markets.com features over 2,200 global markets to trade that comprise of tradeable assets such as Forex currency pairs and a variety of CFDs on Stocks, Metals, Energies, Indices, Commodities, and Cryptocurrencies. See below, an overview of these markets and the extent of tradeable assets offered.
- 7 major currency pairs
- 28 minor currency pairs
- 20 exotic currency pairs
- 7 precious metals to trade
- 4 energy assets to trade
- Hundreds of international stocks
- 37 indexes
- 8 commodities
- 6 cryptocurrencies
- 5 bonds
- 47 ETFs
Deposit & Withdrawal Options
Markets.com allows traders to deposit and withdrawal funds to and from their trading account easily and quickly via a variety of methods. Also, Markets.com accepts and supports multiple currencies. See the supported currencies and available deposit and withdrawal methods listed below.
USD, EUR, GBP, DKK, NOK, SEK, PLN, CZK, AED
- Credit card (within 24 hours)
- Wire transfer (1 to 2 business days)
- Neteller (2 days)
- Skrill (2 days)
- Credit card (2 to 8 days)
- Wire transfer (2 to 5 days)
- Neteller (2 days)
- Skrill (2 days)
Markets.com has a phenomenal support center where clients will find loads of informative and helpful information regarding the Markets.com trading platform and services provided. As well, traders can learn about trading terminology, trading strategies, tradeable instruments, and more in this section. As for support via representatives, customers can contact support reps via email and live chat 24 hours a day, 5 days a week. The support representatives are very quick to respond and helpful with their responses. All in all, the level of customer care and support is phenomenal.
The Markets.com online trading brokerage is an internationally recognized trading brokerage with an extensive array of financial products available to trade across the global markets. The brokerage features a highly sophisticated proprietary trading platform with unparalleled access to the financial markets. As well, traders benefit from phenomenal customer support, favorable trading conditions, and competitive commissions and fees. All in all, if you’re looking for a viable online trading brokerage to deal with, Markets.com could be the broker for you.
- Exceptional web-based trading platform
- Phenomenal customer support
- Highly secure and regulated
- Extensive array of tradeable assets
- No selection of trading platforms
- No telephone support available
- Not an ECN trading brokerage
The following are the common questions that customers inquired about Markets.com.
Is Markets.com regulated?
Yes, it is regulated by the Australian Securities and Investments Commission (ASIC).
Is Markets.com a scam?
No, Markets.com is a legit broker with an excellent reputation and history.
Where is Markets.com based?
Markets.com is based at Level 29, Chifley Tower, 2 Chifley Square, Sydney NSW 2000 Australia.