|Licensing & Regulation|
|Brand & Functionality|
|Leverage||1:30 for major currency pairs 1:20 for non-major currency pairs, gold and major indices 1:10 for commodities other than gold and non-major equity indices 1:5 for shares and other reference values not specifically covered elsewhere 1:2 for cryptocurrencies|
|Platforms||iOS App, Android App, MT4, MT5, Native Web Platform|
|Account Types||Demo, Individual, Professsional|
Founded in 2007, Markets.com is a registered Financial Services Provider (FSP) under operational management of Safecap Investments Limited. Safecap, founded in 2006, is a wholly owned subsidiary of Playtech PLC a major global software supplier to the online gambling industry as well as developer of financial and investment trading technologies, publicly listed on the London Stock Exchange (LSE) under the ticker symbol PTEC since 2012, also forms part of the FTSE 250 Index, offering a market capitalisation figure in excess of £2.4 billion.
Initially, the company started trading as GFC Markets, but just prior to its 2015 acquisition by Playtech PLC for a total of €458 million, rebranded to its current Markets.com moniker. The brokerage serves FX and CFD traders via both third party and proprietary trading platforms under its Markets.com branding. Currently, the Markets.com trademarked brand operated by Safecap Investments both serve as wholly owned subsidiaries of Playtech PLC.
Licensing & Regulation
Trading with a proven, trustworthy online forex trader having a well-established reputation is crucial for reaching any worthwhile levels of success, majorly due to an industry subject to unusually high incidences of forex scams and transactional fraudulence.
Markets.com trades under licences of operational management company, Safecap Investments Limited, a business entity holding licences from and subject to regulatory controls of Cyprus Securities & Exchange Commission (CySEC), the Australian Securities & Investment Commission (ASIC), the South African Financial Sector Conduct Authority (FSCA), and the Financial Markets Authority of New Zealand (FMA). Registered in Cyprus, Markets.com occupies offices in Australia, South Africa, and Cyprus allowing the company to trade across Europe under MiFID II, under oversight of its CySEC registered Safecap operational management entity.
In addition to the native MetaTrader 4 & 5 mobile apps, Markets.com also offers its proprietary app on mobile to use as a complement to the standard Web Trader platform. MetaTrader 4 & 5, similar to Markets.com’s own app, is also available in both Android and iOS compatible software environments. Moreover, the company’s proprietary app compares most favourably with the Web Trader platform, incorporating many features and options found in MT4, thereby providing a consistent look and feel across all its trading platforms.
In comparison its highly responsive proprietary app mirrors the full website version by offering Trending Now pre-screen and Traders Trends sentiment data, both forms part of a subtle research toolkit featuring a module that links all selected charts while also providing star icons to quickly identify favourites and add them to your custom watchlist.
Brand & Functionality
Markets.com, earmarked as one of the global industry’s fastest growing CFD and Forex providers, offers a comprehensive range of powerful, accurate, user friendly research, data mining, trading tools on its in-house trading platform irrespective if your preference lies with web or mobile trading as a medium of choice. Despite competing in a market demanding high levels of commitment due to its extreme competitiveness, the company as a subsidiary of one of the innovators in the development of online software maximised the experience gained from its parent, earning itself a solid reputation for honesty and trustworthiness in the burgeoning online forex and CFD trading market.
The functionality found in both its full website and mobile apps come highly recommended, offering high levels of user-friendliness, offering a comprehensive feature list combined to create a strong selling point for the company.
To register for an account with Markets.com select the blue “Register” button located at the top left of each of the company’s web pages. To commence with the registration procedure applicants will need to complete all blank data fields such as an active email address, choose and confirm a personal password, and select your preferred currency, before selecting the large blue “Create Account” button to submit said data for the company’s vetting and approval process. Alternatively, applicants may also use their existing Google or Facebook accounts to start the registration procedure. Following this, Markets.com require applicants to submit a number of personal details including full birth names, date of birth, residential address, contacting phone number, as well as the acceptance of the standard company terms and conditions pertaining to trading and account ownership.
At the completion of the above, the company will, by law, require applicants to submit further personal details to verify the registrant’s legal capacity to possess such an account as well as to verify the validity of his account ownership and identity to secure non-fraudulent withdrawals. The verification process requires applicants submit personal documentation including proof of identification via copies of your passport, National Driver’s Licence, or Government issued Photo Identity and Proof of Residence via copies of a utility bill and bank or credit card statements. Applicants must submit all documentation by uploading it via the onsite “Verification Center” tab.
To deposit funds, investors need to log into their account, select their preferred deposit option and currency of choice and thereafter continue following the on-screen instructions until fully executed. Due to different legal and regulatory requirements imposed by governmental oversight, deposit methods and options may vary slightly, depending on your country of residence. The effects might be more visible on the range of available payment methods since some may not be on offer due to local restrictions. Markets.com requires a minimum deposit of no less than $/€/£100 and imposes no charge on deposits.
In its capacity as an online trader Markets.com, considered a global leader by knowledgeable online traders, offers trading in commodities, equities, oil, gold, stocks, currencies, and CFDs with over 2000 CFDs on offer covering all asset classes. The brokerage offers competitive market related spreads and substantial trading leverage of up to 1:300 to all non-EU residents. This is in accordance with ESMA specified regulatory guidelines allowing for EU citizens to receive an offer of 1:30 leverage when trading major currency pairs, also specifying 1:20 leverage when trading the exotic pairs, major indices, and gold.
Contracts for Difference (CFDs) allow traders to enjoy the benefits of a particular stock, commodity, or index ownership while negating the requirement to physically have ownership of its underlying instrument. This allows clients to simply trade on the potential change in price over multiple equity and commodity markets while simultaneously retaining leverage and instant execution.
Markets.com ensures execution of trades remains a quick and relatively uncomplicated process with traders given the choice to either buy or sell and within these they receive both buying and selling prices including the latest market changes related to each specific trade. The capacity to view the additional information relating to recent trading activities surrounding the particular trade comes as an additional boon, and once the trader determines the value they wish to buy for, they only need to confirm for their order processing to commence.
Markets.com ensures its traders have a wide range of convenient payment methods available making the funding of their account an uncomplicated affaire. The company accepts Skrill (Moneybookers), PayPal, NETeller, credit cards, wire transfers, and local payment options. Accepted base currencies include USD, EUR, GBP, AUS, DKK, ZAR, NOK, SEK, and PLN, with accounts funded using the same currency as their banking currency not subject to currency conversion fees. Bank transfers require several business days before reflecting while funds from credit/ debit cards and electronic transfers all reflect instantly.
Withdrawal of funds only be done via the same method used for the original deposit and require a quoted processing period of 7 days, however, in most instances withdrawal methods involving electronic transfers, and credit/debits cards reflect in as little as 4 days which is significantly shorter than the quoted period.
As one of the leading brands in CFD and the forex trading market, Markets.com offers good customer support services via all the expected channels including website messaging/email, social media such as Twitter, Facebook, Instagram, YouTube, and a website based Live Chat facility staffed 24/5 Monday to Friday. As a helpful tool, a quick loading “Popular Queries” (FAQ) section provides quick solutions to simpler queries and problems for those who prefer not to contact support directly.
Markets.com features a comprehensive selection of trading tools to assist by quickly delivering accurate, up-to-date information via at a glance informational displays and specific searches. The company’s assistive tools range cover online trading from all imaginable aspects via features such as Fundamental Analysis which offers an Economic Calendar and Event & Trade insights. Technical Analysis includes tools such as Trending Tools, Trader Trends, Trending Now, Trading Central, and Market Consensus. Its education facilities cover a broad range of pertinent subjects offering informative insights into the inner workings of trading online via Webinars, its proprietary Markets.com Trading Platform, and Platform Tips.
One of the most user-friendly features is the ease with which traders can customise their own website via the easy addition of personally pertinent information on subjects and markets of interest to each individual user. This combined with several predictive features and a low initial investment limit makes this online trade broker an ideal solution to both starter and thoroughly experienced traders.