Broker Review Contents
Markets.com provides the ability to trade with the world’s most traded CFDs, including shares, currencies, indices, bonds, ETFs, and commodities, totalling over 2000 instruments.
They have over five million registered trading accounts, has logged over 13 million deals totaling $185 billion in traded value in the previous year.
Safecap Investments Limited (‘Safecap’) operates MARKETS.COM, a subsidiary of Playtech PLC, which is listed on the London Stock Exchange’s Main Market and is a component of the FTSE 250 Index.
Markets.com and Safecap are run by a regulated investment services firm that is licenced to conduct business by the Cyprus Securities and Exchange Commission (‘CySEC’). Safecap is also authorised by the Financial Sector Conduct Authority (FSCA) in South Africa as a Financial Services Provider.
- Segregates client funds
- Established in 2003
- Regulated by CySEC
- Min. deposit from $100
- Doesn’t offer VPS (See alternatives)
A minimum deposit of $100 is required to establish a live account. Markets.com, on the other hand, provides a demo account that you may use to experiment and become acquainted with their platform.
The Financial Conduct Authority, UK (FRN: 607305), CySEC (Licence: 092/08), and Financial Services Provider #43906 in South Africa regulate the company. Markets.com keeps all customer funds in a separate bank account with tier-1 institutions. Markets.com has been in business since 2008, with headquarters in Cyprus.
Before we get into the specifics of Markets.com’s spreads, fees, platforms, and trading tools, you might want to open Markets.com’s website in a new tab, by clicking the button below in order to see the latest information directly from Markets.com.
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
What are Markets.com’s spreads & fees?
Markets.com, like most brokers, charges a fee based on the spread, which is the difference between the buy and sell price of an asset.
The commissions and spreads shown here are based on the Markets.com website’s minimum spreads.
|EUR/USD(Average: 0.7 pips)||0.6 pips||0.7 pips||0.1 pips|
|GBP/USD(Average: 1.1 pips)||0.9 pips||1.7 pips||0.1 pips|
|USD/JPY(Average: 1.1 pips)||0.7 pips||0.6 pips||0.1 pips|
|AUD/USD(Average: 0.8 pips)||0.6 pips||0.6 pips||0.2 pips|
|USD/CHF(Average: 2.3 pips)||1.5 pips||2.3 pips||0.2 pips|
|USD/CAD(Average: 2.9 pips)||1.4 pips||0.5 pips||0.3 pips|
|NZD/USD(Average: 3.6 pips)||2.3 pips||2.8 pips||0.3 pips|
|EUR/GBP(Average: 2.4 pips)||1.0 pips||0.5 pips||0.1 pips|
Spreads are dynamic and are for informational purposes only.
As you can see, Markets.com’s minimum spread for trading EUR/USD is 0.6 pips – which is relatively normal compared to the average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with Markets.com vs. similar brokers.
How much does Markets.com charge to trade 1 lot of EUR/USD?
If you were to buy one standard lot of EUR/USD (100k units) with Markets.com at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $6.78. Here’s a rough breakdown of the fees and how this compares against IG & XTB .
|Spread from:||$ 6.00||$ 6.00||$ 2.00|
|Total cost of a 100k trade:||$ 6.00||$ 6.00||$ 2.00|
|$0 more||$4 less|
|VISIT MARKETS.COM||VISIT IG||VISIT XTB|
All fees/prices are for informational purposes and are subject to change.
What can you trade with Markets.com?
Markets.com offers over 2,200 different instruments to trade, including over 57 currency pairs. We’ve summarised all of the different types of instruments offered by Markets.com below, along with the instruments offered by IG and XTB for comparison.
|FX / Currencies||Markets.com||IG||XTB|
|# of forex pairs offered||57||90||48|
|Major forex pairs||Yes||Yes||Yes|
|Minor forex pairs||Yes||Yes||Yes|
|Exotic forex pairs||Yes||Yes||Yes|
|# of commodities offered||28||34||21|
|Index & Stock CFDs||Markets.com||IG||XTB|
|# of stocks offered||2027||8000||1606|
|SEE MARKETS.COM’S INSTRUMENTS||SEE IG’S INSTRUMENTS||SEE XTB’S INSTRUMENTS|
What’s the Markets.com trading experience like?
1) Platforms and apps
Markets.com is one of the few brokers that provides both the MetaTrader 4 and MetaTrader 5 platforms. To discover how the two systems differ, check out our MT4 versus MT5 comparison.
Markets.com now provides mobile apps for Android and iOS, making it easy to monitor and execute transactions while on the go.
Still not sure?
Open a practice account & learn to trade
2) Executing Trades
Markets.com allows you to conduct a 0.01 Lot trade. This may differ based on the type of account you establish. The maximum trading requirements differ according on the trader and the instrument.
Markets.com, as a market maker, may have lower entrance criteria than an ECN broker, which benefits from a higher number of transactions and usually has higher capital and minimum trading requirements. Market makers generally have a lower minimum deposit, lower minimum trade requirements, and no trading commission.
Margin requirements, like those of other brokers, vary based on the trader, account, and instrument. The most recent margin requirements may be seen on their website.
Markets.com also provides a variety of risk management tools, including as stop losses (with trailing stops), limit orders, negative balance protection, price alerts, and much more. You may view all of Markets.com’s account features here.
Finally, we’ve included a list of some of the most popular funding options available to Markets.com traders below.
- Allows scalping
- Allows hedging
- Low min deposit
- Guaranteed stop loss
- Offers Negative Balance Protection
- Demo account
- Standard account
- Islamic account
- Credit cards
- Bank Transfer
3) Client support
Markets.com support a wide range of languages including Arabic, Chinese, Dutch, English, French, German, Italian, Japanese, Norwegian, Polish, Romanian, Russian, Spanish, and Turkish.
Markets.com has a CompareBroker double AA support rating because Markets.com offer over three languages
4) What you’ll need to open an account with Markets.com
Because Markets.com is regulated by CySEC, the Financial Services Board, every new customer must pass a few simple compliance tests to verify that you understand the risks of trading and are permitted to trade. When you establish an account, you will most likely be asked for the following information, so have them handy:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You’ll also need to answer a few basic compliance questions to prove your trading expertise, so allow at least 10 minutes to finish the account opening procedure.
While you may be able to browse Markets.com’s site immediately, it is essential to note that you will not be able to execute any transactions until you pass compliance, which might take several days depending on your position.
To begin the process of establishing an account with Markets.com, go to their website.
67% of retail investor accounts lose money when trading CFDs with this provider.