Is Markets.com Legal in Syria? ✓ Yes

Markets.com is legal for Syria traders to use, but forex trading itself has a variable legal status in Syria. The broker is regulated by top-tier authorities like CySEC and FCA, offering a secure environment. However, Syrian traders should verify with their local financial authority before opening an account.

Markets.com is regulated by multiple top-tier financial authorities, providing a high level of security for Syrian traders. The broker holds a license from the Cyprus Securities and Exchange Commission (CySEC) under license number 092/08, which ensures compliance with EU MiFID II standards. It is also authorized by the UK Financial Conduct Authority (FCA) under license 606059, offering client fund protection up to £85,000. Additionally, Markets.com is regulated by the Australian Securities and Investments Commission (ASIC) (license 424008), the South African Financial Sector Conduct Authority (FSCA), and the Financial Services Authority (FSA) in Seychelles. These licenses require the broker to maintain segregated client accounts, negative balance protection, and regular financial audits. For Syrian traders, this means your funds are kept separate from the company’s operational capital. While no regulator directly covers Syria, these international licenses ensure a robust regulatory framework. Always verify the current license status on the official regulator websites, as regulatory changes can occur.

Markets.com is considered a safe broker for Syrian traders due to its multi-regulatory status and long track record. The broker has been operating since 2010 and has over 2 million registered clients. Key safety features include segregated funds, meaning client money is held separately from company funds in top-tier banks. It also offers negative balance protection, ensuring you cannot lose more than your account balance. The broker is publicly listed on the London Stock Exchange (as part of Playtech), adding transparency. For Syrian traders, the risk of sanctions affecting access to funds is low, as Markets.com operates globally. However, it is crucial to use the correct entity (e.g., the FSA-regulated one for international clients) to ensure smooth withdrawals. The broker has a strong reputation with few major complaints on platforms like Trustpilot and Forex Peace Army. Overall, for a regulated broker with a long history, Markets.com provides a high level of safety.

For Syrian traders, Markets.com offers competitive trading conditions. The maximum leverage is 300:1, which is suitable for retail traders but should be used cautiously. The minimum deposit is $100 USD, making it accessible. The broker does not support MT4, MT5, or cTrader platforms; instead, it offers its own proprietary web and mobile trading platforms, which are user-friendly but may lack advanced features. Importantly, Markets.com provides an Islamic account (swap-free) for Syrian traders who require Sharia-compliant trading. This account eliminates overnight interest charges. Spreads are competitive, starting from 0.0 pips on the VIP account, but the Standard account has variable spreads. The broker offers over 2,000 instruments including forex, indices, commodities, and cryptocurrencies. Execution is generally fast, and there are no commission fees on most account types. Syrian traders should be aware that the platform is not available in Arabic, but customer support is available 24/5 in English.

Syrian traders can fund their Markets.com account using Bank Transfer, Skrill, USDT (Tether), and Credit Card. The base currency is USD, which is convenient as it avoids additional conversion fees. Bank transfers are reliable but can take 2-5 business days and may involve intermediary bank fees. Skrill deposits are instant and have low fees, making them popular for Syrian traders. USDT (crypto) deposits are also instant and offer privacy, but you need a crypto wallet. Credit card deposits are processed instantly, but some Syrian bank cards may not work due to sanctions. The minimum deposit is $100 USD for all methods. Markets.com does not charge deposit fees, but your payment provider may apply charges. Withdrawals are processed within 1-3 business days, and the broker does not charge withdrawal fees. Syrian traders should ensure they have a verified account before attempting large withdrawals. Always check the latest payment options on the broker's website, as they can change.

Opening a Markets.com account from Syria is a straightforward online process. First, visit the Markets.com website and click 'Sign Up'. You will need to provide your full name, email address, and phone number. The broker requires a National ID or Passport for identity verification, which is standard for Syrian residents. You will also need to upload a proof of address (e.g., a utility bill or bank statement) in English or with a certified translation. The account type can be a Standard or VIP account; the Islamic account option is available during registration. After submitting your documents, the verification process usually takes 1-2 business days. Once verified, you can deposit funds using Bank Transfer, Skrill, USDT, or Credit Card. The minimum deposit is $100 USD. Syrian traders should ensure their internet connection is stable, as the platform is web-based. Customer support can assist via live chat if any issues arise. Note that the broker may request additional information for compliance purposes.

For Syrian traders, Markets.com is a legal and safe option for retail forex trading. The broker is regulated by top-tier authorities, offers an Islamic account, and has a low minimum deposit of $100 USD. However, the legal status of forex trading in Syria is not fully defined, so you should consult with the Syrian Securities and Commodities Authority before starting. The broker's proprietary platform may not suit advanced traders who prefer MT4/MT5, but it is user-friendly for beginners. The availability of USDT deposits is a plus for Syrian traders facing banking restrictions. Overall, Markets.com is a reliable choice with a strong track record. We recommend starting with a demo account to test the platform and conditions. If you decide to trade, always use proper risk management, especially with high leverage. Comparebroker.io rates Markets.com 3.9 out of 5 stars for Syrian traders.