Our Markets.com review found the forex brokers strength is its Marketsx and Marketsi trading platforms which have great sentiment, technical and fundamental analysis for forex, CFD and share dealing. Read what we think of Markets.com and their features
See below to learn about all the Markets.com features
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Market.com is a market maker that offers commission-free trading via its Marketsx account. The broker’s strength lies in its trading platforms called Marketsx and Marketsi. These platforms offer a wealth of market sentiment, technical and fundamentals tools for Forex, CFD and stock trading. Markets.com also offers MetaTrader 4 and 5 as other platform options.
The Marketsx account is a standard account type, which means it is a spread-only account. With this account, there are no commission charges as trading fees are included in your spreads. If you to trade CFDs, then this is the account to choose. This account is available for both retail and professional traders.
With the Marketsx account, you get the following features:
With a Marketsx account, you will have access to Markets.com proprietary Marketsx trading platforms by default, but you can also access MetaTrader 4 (MT4) or MetaTrader 5 (MT5) by signing up for a MetaTrader account. Signing up with MetaTrader has several advantages, including:
The standard account is a retail investor account available to all Markets.com client worldwide however leverage will vary depending on if you are in the UK and Europe or outside this region. Traders in the UK and Europe can apply for a professional account. A professional account brings leverage in line with Markets.com clients outside the UK and Europe but Markets.com will not be required to implement 50% stop-outs.
If you are looking to trade or invest in shares, then a specialised account called MarketaI is available. Markets.com offers it Marketsi share dealing platform for trader primarily wanting to trade invest in (I stands for Invest). This account is a good option if you are looking for extra tools to help with your share dealing, including quantitative investing technology as part of its investment strategy builder. Investment strategy building is designed to help investors manage their stock portfolios using data and algorithms in the same way hedge funds and other financial investment corporations do.
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Traders with a Marketsx account (and MT4 and MT5 account) can also trade shares with the same cost but will not have access to certain features such as Investments strategy builder.
The overall rating is based on review by our experts
Markets.com is a dealing desk broker or market maker. This explains why the broker only offers a standard account. While spreads may seem wide compared to STP / ECN brokers with no dealing desk, it is important to remember there are no commissions costs.
57 currency pairs are available consisting of majors, minors and exotics. Below is a sample of the minimum spreads for a range of popular currency pairs:
One of the key features of this CFD broker is its transparency. Markets.com provide “real execution stats for informed decision making”. They provide execution statistics so you can see what is happening with your orders, they want you to be confident that the price quote will be delivered or bettered. To achieve this, the broker provides quarterly updates on slippage results from its execution infrastructure.
In 2019, 86% of orders had no slippage or positive slippage. This can be broken down into 71.25% of orders being delivered at the quoted price, 14.96% of clients’ orders changing in their favour and 13.79% slipping negatively. 2020 has been a little more volatile, perhaps a reflection of the climate caused by the COVID-19 pandemic.
In 2019, Markets.com was awarded Europe’s most transparent broker at the 2019 Global Forex Awards.
Markets.com is an internationally regulated broker which means leverage (sometimes called margin) for forex varies depending on which entity you join Markets.com from and the regulator for that country.
If you join Markets.com in the UK, then you will be regulated by the Financial Conduct Authority (FCA) and if you join from Europe (outside the UK) then you will be regulated by the Cyprus Securities Exchange Commission (CySEC). Both these regulators fall under the European Securities and Markets Authority (ESMA) umbrella, which means FCA and CySEC have to comply with ESMA leverage requirements.
ESMA allows two tiers for regulation. Tier 1 is for retail traders and Tier 2 is for professional traders. Tier 2 allows for more generous regulation, as professional traders are considered to have the skills and resources when trading with high leverage.
Markets.com uses regulation from the Australia Securities Investment Commission (ASIC) for Australian traders, Financial Sector Conduct Authority (FSCA) for all traders in Africa and British Virgin Islands Financial Services Commission for all traders outside the above mentioned. Maximum leverage for these regulators is consistent with leverage available for those defined as professional traders by ESMA.
Trading with leverage involves high risk as CFDs are complex instruments. Traders should ensure they trade responsibly when using any forex broker that offers leveraged trading.
Markets.com offers a choice of 4 trading platforms for trading forex and other CFDs and a specialist platform for trading stocks CFD.
This is Markets.com proprietary trading platform developed to meet the needs of Marketsx clients. Marketsx is a web trader platform, meaning it is available through browsers on Mac, Windows and even Linux platform. Marketsx is also available via iOS and Android app stores for mobile trading.
Marketsx offers several features that distinguish it from other platforms on the market. These include:
Perhaps the main feature that differential Marketsx in a crowded market is the range of market sentiment tools. Sentiment tools help relay the market’s thoughts about an asset, these are generally best for short term decisions. Tools include:
Technical Tools available with Marketsx include:
Fundamental Toos include:
Note: Guaranteed trailing stops and stop-loss features are in development.
Marketsx is a great platform, as it has a wealth of tools to help you with your investment making decisions. This is its biggest strength however in some circumstances you may prefer to use MetaTrader 4 or MetaTrader 5 trading platforms.
Fortunately, Markets.com allows you to get the best from Marketsx and also MetaTrader. All traders that sign up for a Marketsx account will have access to Marketsx platform, this allows you to get many of the trading tools Marketsx offers. To get access to MT4 or MT5 you then sign up to access MetaTrader. This will be a different account, meaning you won’t be able to transfer your trading data between the two platforms, but you will be able to further your choice of trading features and use each platform when best suited.
Some reasons to use MT4 or MT5 over Marketsx include:
MetaTrader 4 is the most popular trading platform worldwide. It is best for traders looking to trade forex and other CFDs that don’t go through an exchange when trading. In 2018, MetaQuotes announced new developments for MT4 will cease, meaning this platform may not be the best option if you do not have previous experience with the platform.
MetaTrader 5 can be considered an upgrade on MT4, it not only offers more features but also allows you to trade a greater range of CFDs. MT5 has faster speed due to its 64-bit processing and more advanced backtesting than its predecessor.
If you do choose a MetaTrader platform, it is worth noting that some add-on apps can be expensive to unlock and Markets.com do not offer a VPS service. A VPS service can help traders get the most from Expert Advisors, so you may need to arrange your own.
This is a direct market access share dealing platform. The platforms provide the following key features:
This is a quantitative investment tool designed to help clients trading in stocked developed dynamic portfolios based on selected criteria. Filters allow clients to search for stocks based on options such as market cap and PE ratios and fine-tuned them further using signals such as technical or fundamental signals. One such example is the use of analyst ratings for stocks when these change clients’ portfolios can be updated to reflect this change.
Markets.com offers over 2,200 instruments when trading CFDs. This makes the broker a great option if you are looking to diversify your investments. The Marketsx tools provide lots of sentiment, technical and fundamental tools that will give you lots of insights when trading these products.
CFDs available for trade include when using Marketsx include:
Markets.com offer Marketsi account and platform which allows share dealing across 7000 stocks made up from 19 global exchanges including ASX (Australia), NYSE And NASDAQ (USA), NYSE Euronext (France), Bolsa de Madrid (Spain), Frankfurt stock exchange (Germany) and others.
When you open a Marketsi account, then you will benefit from zero commissions during the first three months. Commissions thereafter will be:
Traders in the UK have the extra option of spread betting. Spread betting is similar to CFD trading in that one is speculating on movements of the underlying asset and both are leveraged products however there are a few key differences to note:
Spread betting is popular in the UK as there are no capital gains taxes, as you don’t own the asset. This presents an opportunity to save when it comes to profits. Unlike with CFDs, losses cannot be claimed with your tax return.
Markets.com allows spread betting with all their financial instruments.
Markets.com has a solid variety of outreach for customer support including live chat which is available 24/5 time from 10 pm Sunday to 10 pm Friday and an online query form. Phone support is also available with local contacts available in several European countries, Australia and South Africa (for Africa) and a range of languages such as Italian, French, Arabic and Spanish.
The Markets.com has a ‘Knowledge Centre’ section where a range of education and learning materials is available in 4 different ways.
XRay is a live streaming service available directly through the Marketsx trading platform. As it is directly integrated into the platform, you never need to navigate away from your charts and trades. XRay has the following key features:
Markets.com in-house team of financial analyst discuss market news on a range of categories including CFD Trading, Commodities, Equities, Forex, Elections, Morning Notes to give you extra insight into your trades.
Markets in-house team take a deeper look at financial, political and news issues that are likely to have an impact on your trades. Here analysts try to provide insight where basic background information is not enough.
This section tries to answer all your questions regarding Markets.com features, platforms and trading concepts such as Forex and how CFDs work.
To help you get the most of your Markets.com trading experience, a demo account is available which give you access to all the features available in the platform. This account is valid for 3 months and has unlimited virtual cash. This makes Markets.com offering one of the best available as most brokers only offer 1 month and limit the amount of virtual cash.
Markets.com offers a range of deposit methods including wire transfer, Visa and MasterCard credit cards. Skrill, Neteller, PayPal, Local Bank Transfer, Ideal, SoFort. Regardless of the chosen method for deposits, your initial deposits and minimum deposit thereafter will always be 250 USD/EUR/GBP.
When making a withdrawal, Markets.com has the following minimum amounts
Markets.com charges no fees for deposit or withdrawals. Do note that some deposit methods are no available in some countries.
Markets.com was founded in 2008 and is owned by Safecap Investments Ltd, which is a subsidiary of Playtech PLC, an FTSE 250 company that is listed on the London Stock Exchange. Safecap Investments Limited is a Fintech company headquartered in Cyprus.
Markets.com is a broker that can be trusted, as Markets.com is regulated by several tier-1 entities.
The Markets.com group offers regulation
Markets.com offers guaranteed negative balance protection to all its clients. This applies to both retail and professional traders. Professional traders will especially appreciate this feature, as most brokers don’t provide negative balance protection to professional accounts.
Markets.com offers trader from France guaranteed stop-loss orders, as this is a requirement of the French regulator Autorité des Augustés financiers (AMF).
Traders with Markets.com in the UK and Europe have access to up to EUR 20k (CySEC) and GBP 85k (FCA) compensation in the event the broker is unable to pay what you are owed.
Markets.com provides guidelines regarding how to protect yourself online from scams or fraudulent websites.
USD 250 is the minimum deposit requirement to open a live trading account at Markets.com. Markets.com supports 9 different account base currencies (USD/EUR/GBP/DKK/NOK/SEK/PLN/CZK/AED) with no additional charges. For deposits greater than USD 2,500, Markets.com will refund any external transaction fees charged by third-party providers.
Check also Pepperstone, which doesn’t have a minimum deposit policy.
Yes, Markets.com is considered a safe brokerage trading firm compliant with tier-one regulators (FCA, ASIC, CySEC). Markets.com is a member of the Investor Compensation Fund (ICF) in the UK (FCA) and the Financial Services Compensation Scheme Limited (FSCS) in Cyprus (CySEC) which can compensate clients up to GBP 85,000 respectively EUR 20,000.
The best-regulated forex brokers in Europe to help you choose a trusted FX broker.
Markets.com supports several deposit and withdrawal methods including the traditional debit/credit cards and bank wire transfer and other electronic methods like Neteller, Skrill, PayPal, Fast Bank Transfers, Sofort, and iDeal. The minimum withdrawal amount is USD 5 and there are no withdrawal fees. Withdrawals are processed within 24 hours for E-wallets and up to 2-7 business days for credit cards.
Markets.com’s point of difference in a crowded market lies in its platforms and wealth of trading tools. The Marketsx trading platform offers 14 distinctive trading tools including a large range of sentiment tools you won’t find with other brokers while the Marketsi platform uses algorithms to help you manage your share dealing. Markets.com covers a good range of Forex pairs and an excellent choice of shares across a wide range of global exchanges, giving you lots of flexibility when investing in shares. These two features along with no commission forex trading and security through top tier regulators make the broker a solid choice.
Justin Grossbard has been investing for the past 20 years and writing for the past 10. He co-founded Compare Forex Brokers in 2014 after working with the foreign exchange trading industry for several years. He also founded a number of FinTech and digital startups including Innovate Online and SMS Comparison. Justin holds a Masters Degree and an Honours in Commerce from Monash University. He and his wife Paula live in Melbourne, Australia with his son and Siberian cat. In his spare time, he watches Australian Rules Football and invests on global markets.