Markets.com Review

Lets First Go To The Bottom Line:
Markets.com has a lot of notable features like their extensive platform offerings, impressive platform design and the wide range of assets. Their credibility in the business is exemplary and this is proven by the good number of positive comments from Csisao Paulo traders and the existing regulation that they have from the CySEC and the FSB.

Final Score: 88/100
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Markets.com Overview

Founded 2008
Platform Web Trader, iOS/Android Apps
Minimum account size $100
Minimum lot size 0.01
Tradable assets 2000+
Maximum margin 1:300
Spread on EUR/USD 2 pips
Payment methods Credit Card, Wire Transfer, PayPal, Neteller, Skrill, Fast Bank Transfers, Ideal, Sofort, Giropay, Mistercash, Instant Bank, Multibanco, Przelewy24, eKonto, BankLink
Demo account Yes
Accepts US traders No
Regulated CySEC (Cyprus), FSB (South Africa)
Support Phone, Email, Live Chat
Website markets.com

Visit Markets.com Site
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Pros

  • Regulated
  • Demo account available
  • Stable platform
  • Tight spreads
  • Platform design is visually appealing

Cons

  • Doesn’t accept US traders
  • Charges inactivity fee


Markets.com was founded in 2008 and is authorised and regulated by the Australian Securities and Investments Commission, the Cyprus Securities and Exchange Commission and the Financial Services Board in South Africa. This online trading broker is owned by Cyprus-based Safecap Investments Ltd. and claims to be one of the world’s fastest growing Csisao Paulo and CFD providers. Can they really prove this statement?

Platform

Markets.com offers the Web Trader platform which can be accessed directly from any web browser. They also have mobile apps for devices that are powered by iOS and Android operating systems so you can just tap on your screen and instantly access your trading account. What we liked about these platforms is that they were tailored for easy access since trading can be done not just with a PC but also with other devices such as mobile phones and tablets. Knowing that this is already integrated with MetaTrader 4 gives us an assurance regarding its stability which is why they got a Platform score of 10/10.

Design

The layout is more visually appealing compared to the other platforms that we’ve tested in the market. The interface doesn’t take up a lot of system resources which makes it very light to browse even if you have live graphs and rapidly changing market prices. Overall, it was really impressive which is why we are giving them a perfect Design score of 5/5.

markets platform

Minimum Deposit

The minimum initial amount that you can deposit into your account after the registration is just $100. It’s an acceptable capital size which is not that low but definitely not that high as well and based on our grading system, this notches a Minimum Deposit score of 4/5.

Minimum Lot Size

The minimum initial amount that you can deposit into your account after the registration is just $100. It’s an acceptable capital size which is not that low but definitely not that high as well and based on our grading system, this notches a Minimum Deposit score of 4/5.

Tradable Assets

With Markets.com, it’s easy to find a good number of profitable instruments to trade on as it has over 2,000 choices including popular cryptocurrencies like Bitcoin, Litecoin, Ethereum and Dash even on weekends. This gives traders better opportunities to make a profit since there are lots of markets to choose from. With such an array of choices, it’s definitely worth giving them a Tradable assets score of 5/5.

markets assets

Payouts

One of the most important factors to consider is the spread because this will measure the possible profits or losses that can result out of a trade. People trade on Csisao Paulo for the purpose of making money and which is why a good spread is highly important. Markets.com offers tight spreads and it could go for as low as 2 pips for the EUR/USD pair which is competitive and promising. Such rate deserves a Payouts score of 8/10.

Withdrawal Time

Delayed withdrawals is one of the major factors that traders are concerned about when choosing a brokerage. At Markets.com, the processing time only takes 2 days for most payment methods but do take note that there’s an additional 5 to 7 days more for you to wait for the funds to reflect on your banking account and this is already handled by your chosen payment method. This means this brokerage is able to do their job faster than their competition and this deserves a Withdrawal Time score of 9/10.

Deposit and Withdrawal Methods

This broker accepts credit cards, Wire Transfer, PayPal, Neteller, Skrill and other alternative payment methods like Fast Bank Transfers, Ideal, Sofort, Giropay, Mistercash, Instant Bank, Multibanco, Przelewy24, eKonto and BankLink. It’s good to know that they cover these common payment methods and because of this they got a perfect Deposit and Withdrawal Methods score of 5/5.

markets deposit

Customer Support

Markets.com has a 24-hour phone support and can also be contacted via email and live chat. We had the chance to get in touch with one of their agents and in general, they were very accommodating and were able to provide the most precise answers. Such quality of service deserves a high support score of 13/15.

markets support

Quote Accuracy

Re-quotes are not that common even when the markets are shaken up. There were no discrepancies between the prices at the time we placed the order and the time that it was executed and this merits Markets.com a Quote Accuracy Score of 9/10.

Reputation

Markets.com is authorised and regulated by the Cyprus Securities and Exchange Commission and the Financial Services Board in South Africa. This is an added advantage because it gives traders peace of mind because their broker is monitored by regulatory regimes for investment services.

Their reputation in the business is also quite good. After an intensive online research, we found that the majority of the reviews and comments were positive while the negative comments were at a marginal range. This warrants Markets.com a Reputation score of 16/20.

markets reputation
markets reputation
markets reputation

Conclusion

Markets.com has a lot of notable features like their extensive platform offerings, impressive platform design and the wide range of assets. Their credibility in the business is exemplary and this is proven by the good number of positive comments from Csisao Paulo traders and the existing regulation that they have from the CySEC and the FSB.

Final Score: 88/100

Visit Markets.com Site

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