Investing

Markets.com Review

marktets review

The online broker Markets com, which is based in Cyprus, is a part of Safecap Investment Limited, which also currently operates the Forex broker Forex Yard. However, the company has other activities as well. Markets.com is regulated by the Cyprus Securites and Exchange Commission (CySEC). Markets com has been active on the market since 2010.

  • Account (from) 100 €
  • Leverage (max) 200:1
  • Spread: 2 pips
  • Regulated: yes
  • Demo account: yes

What offers are available at Markets.com?

Three different account types are available to investors on Markets.com’s online platform. The minimum deposit is 100 euros (Classic account). The advantage, especially for new investors, is that a larger investment is not required immediately. A standard account can be opened with an initial deposit of 2,500 euros or more. From a deposit of 20,000 euros, a VIP account is available.

The different trading accounts vary not only in the amount of minimum deposits, but also in terms of service benefits. For example, video learning sessions and 24-hour support are provided for all three variations. As for the standard and VIP accounts, here you additionally receive news and signals via SMS, as well as a special analysis.

How to open an account?

Opening an account on Markets.com’s platform is uncomplicated and quick in just three different steps.

Step 1

As a trader or investor, you must first fill out an online form. This registration form contains, among other things, the details of the first and last name, the e-mail address, the telephone number and the selected password.

Step 2

When the first step is finished and completed, new customers will be redirected to another online form. Here, one must note information about the address and the place of residence. In addition, there are questions about income and existing trading experience.

Step 3

If all questions are answered satisfactorily, the registration is completed. The new customer will then be informed that he will receive a confirmation e-mail shortly and additionally an e-mail with the account details.

Deposits & Withdrawals

Deposits at Markets.com can be made in the form of a

  • Bank transfer
  • Credit card
  • Skrill
  • GiroPay
  • Web-Money
  • Neteller

Withdrawals are made in the same way as deposits were made.

What trading offer is available at Markets.com?

There are 50 currency pairs tradable on the Markets.com platform. The offer includes the currencies in demand and also some exotic executions. CFDs are also available for trading. Here you can trade over 15 commodities (including gold and silver as well as exotic versions, such as rice). There are also about two dozen indices and over 100 international stocks on offer.

Trading platform form of markets.comThe maximum leverage is 1: 200 (usable in Forex trading). As for CFD trading, here the leverage is 1: 100. Then, when you start trading after opening an account, fixed spreads are set here. The setting of variable spreads is also possible by agreement. The fixed spread for the EUR/USD currency pair is 3 pips. The same applies to the GBP/USD currency pair. For these currency pairs, on the other hand, the variable spread is 2.2 and 2.8 pips. CFDs on commodities and indices and forex trading are free of charge. However, a fee of 0.10 percent on the traded volume is charged for equity CFDs.

Trading

Especially for beginners, the demo account is very suitable to get an overview of how trading with leveraged products works. The opening of the demo account is possible at any time free of charge. In addition to 49 different currency pairs, over 100 other assets can be traded on markets.com in CFD trading. These come from the areas of commodities, stocks, indices and bonds. This extensive selection, which is rare on the market, offers every customer very diverse trading opportunities. Markets.com organizes trading via an in-house Sirix-based WebTrader and via MetaTrader 4. Applications for mobile trading via smartphone or tablet are of course available. At the markets.com broker, a commission of 0.1 percent is charged only for trading in equity CFDs. For Forex trading, only spreads are due. A special feature at markets.com is a trading network, which allows the inexperienced trader to copy the trades of another, more experienced investor one-to-one and thus benefit from the experience advantage of the other.

Disadvantages and risks

Despite the advantages offered by a good broker like markets.com, Forex and CFD trading remains associated with high risks. Besides high profits, very high financial losses are also possible. Therefore, markets.com rightly recommends trading only with the part of one’s capital that one can bear to lose. And also rightly, the trading platform itself points out that Forex trading is not suitable for everyone. In spite of many useful trading tools, Forex trading is always characterized by a high equity investment and a relatively high volatility.

To reduce losses, stop loss orders are offered by markets.com. However, risk remains and extreme caution and care should be exercised when trading Forex. Another disadvantage is that all transactions through markets.com are executed as OTC transactions. This means that all positions opened via markets.com must also be closed again via this trading platform. Safecap participates in a compensation fund in Cyprus, which always compensates the customer if Safecap cannot meet its obligations to the customer. Unfortunately, however, the compensation claims from the compensation fund are limited to a maximum of 20,000 euros. On a positive note, markets.com provides a detailed risk disclosure statement pointing out all the dangers associated with CFD and Forex trading.

Markets.com is a safe and reputable Forex broker. In addition to fair trading conditions, an extensive selection of trading assets and low entry sizes, excellent training and education opportunities are offered so that every customer can successfully start trading Forex. For professionals, many analysis tools are also offered on the markets.com trading platform. The risks of Forex and CFD trading are always presented realistically by markets.com. The broker was founded in 2003 in Limassol, Cyprus. It has been providing traders with services in the area of trading in contracts for differences for many years. According to its own information, the name of the broker is. He wants to make traders access to forex trading as simple and understandable as possible. The broker has clients in over 150 countries.

Is social trading also possible?

Markets.com provides investors with three different downloadable platform types. These include the Meta Trader 4, the browser-based Sirix Web Trader and the Markets Web Trader. Meta Trader 4 is the most popular version in the field of Forex trading. With this trader you also have the possibility to use automated trading systems (Expert Advisors) or to include external executions.

With the help of Sirix Web Trader, Markets.com gives you the opportunity to perform social trading as well. Here, investors get the chance to copy live trades from other traders and adopt their strategies.

Is trading with Markets.com possible via an app?

If you do not want to trade on your PC at home, but would like to do so flexibly regardless of location, you can use the free app provided by the platform. Here, a mobile function of the WebTrader is available. This can be done from all smartphones of the operating systems Apple iOS and Android.

Is a demo account available?

Market chartsIn order to familiarize oneself with the platform, a free demo account is available to the investor for over 30 days. Here the advantage is that thus there is no financial risk. The reason for this is that within a demo account basically only with play money (fictitious capital) is worked.

Even if you want to convince yourself of the platform first, you can test the platform risk-free with the help of the demo account.

Is there a good support?

Contact with the available support can be made by mail, by phone, by live chat or also by mail. As far as the live chat is concerned, the questions of the customers are answered there immediately and promptly by competent employees. A service hotline is also available in various languages. This also includes German.

Is extensive training material available?

Extensive illustrative and training material for CFD trading, Forex as well as for chart and fundamental analysis is available to the customer.

Are there videos and webinars at Markets?

  • For beginners, there are detailed video courses that focus on basic terms, order options, the advantages of Forex as well as strategies for success.
  • For experienced investors, videos are also provided. There, topics such as market analysis, capital allocation or trading psychology are covered.
  • In addition, there is a regular webinar focusing on CFD and Forex. One can also download e-books for free.

What mobile device can one work with?

The platform is supported by iOS and Android devices. Here, one can scan the QR code or download the app from the app store. For this, one then still receives a credit of 25 euros and initially no deposit is required.

Is Markets.com a reputable provider?

Markets.com’s customers come from 100 countries…. The services are translated into 25 languages. The broker also sponsors the Premiere League club FC Arsenal. This connection has existed since 2014, so despite the fact that Markets.com has only been on the market since 2010, it has already earned a good reputation.

Markets was founded in 2006 and acts as a market maker. It is a subsidiary of SafeCaps Ltd. based in Cyprus. Markets.com is distinguished by the fact that the Forex broker has been successful in the market for many years. Repeatedly, the broker received awards as one of the best providers for CFD and Forex trading. Markets.com is active not only in Germany, but worldwide. Customers from over 100 different countries use this broker. All these customers are supported by a telephone hotline in 33 different languages.

At the broker markets.com customers can choose between variable and fixed spreads. This choice is by far not offered by all Forex brokers on the market. Another positive aspect of markets.com is that it is possible to open a trading account for as little as 100 euros or 100 US dollars. There is a new customer bonus of 10 percent of the initial deposit up to an amount of 2000 euros or 2000 US dollars. Also for friendship referrals, markets.com pays a bonus for both the existing customer and the new customer. A good basis for trading larger positions at markets.com is the maximum leverage of 200:1. The regulation of trading through this Forex broker is primarily through CySEC in Cyprus, but also through other regulatory authorities, including the German Bafin. Markets.com offers German support via live chat, phone and email as a special service. Also for beginners in Forex trading markets.com is suitable, because many very good tutorials and webinars are offered, which make the start very easy. The possibility of using a demo account is also offered. Thereby, the use of the demo account is possible completely independent of the opening of a real account.