Markets.com is an internationally active broker, which allows trading in both CFDs and Futures. The Forex broker is available in more than 100 countries and is one the fastest growing brokers on the market. Markets.com was established in 2010 under the name GFC Markets and has enjoyed a large following since its inception.
- Every account is free
- 50 Currency pairs
- Large Stock selection
- Proffessional Servicesupport
- Free Smartphone-App
- Demoaccount available
Security and Reliability
Most traders prioritise safety over most other things and want to trade with a reliable broker. Markets.com is headquartered in Cyprus, which is quite common amongst brokers within the market. The online broker Markets.com is operated by an experienced company, Safecap Investments Ltd. Cyprus membership within the EU ensures that the broker is regulated and monitored extremely closely. Markets.com has been certified by Safecap Investments Limited (“Safecap”), a regulated investment services firm authorized by the Cypriot Stock Exchange Supervisory Authority CySEC (Cyprus Securities and Exchange Commission) under license no. 092/08. That means the trader’s investments are insured (up to 20,000 pounds) in case of company insolvency. Payment transfers between the customer and the broker are encrypted using SSL and all transfers are certified by the credit card companies. All these factors allow traders to forget their worries in regards to safety and security.
Products and Accounts with Markets.com
Markets.com is special as it allows its customers to trade with CFDs, as well as Futures. The trading options are very diverse and newcomers are not limited in what they can trade in. All accounts with Markets.com are free and the broker does not take any commission off of CFD trades. This only applies to CFD shares, where the broker takes 0.1%. You’re able to trade with 15 different raw materials, different valuable metals, 19 indices and around 70 shares. Forex trading can be done with 50 different currency pairs, including usual and exotic pairs. Trading with CFDs can be done with a maximum leverage of 1:300. The minimum margin is 0.5%. The variable future pairs have a variable spread of 2.2 pips to 2.8 pips. Using one of the most popular currency pairs an example (EUR/USD), you can expect to see a fixed spread of 3 pips.
The standard account requires a minimum deposit of 100 pounds. All accounts profit from round the clock customer service and different learning material in video format. Customers with standard accounts also have access to premium analyses and receive news and information.
Simple and Secure Account Creation
Traders who want to open an account with Markets.com will notice how little effort is required. The account creation process is simple and has been designed intelligently. The whole process is finished within minutes. You will have the choice between opening a classic live account or a demo account. The demo account is particularly suitable for newcomers and allows you to get a first impression of the platform without having to invest any of your own money. If you decide to open a live account, you’ll need to fill out the registration form in its entirety. This includes filling out contact details and your telephone number. Once you’ve completed this step, you’ll receive two e-mails. The first one is to confirm your account and the second contains your important account information. These e-mails also function as your account activation and allow you to log in and make your initial deposit. Newcomers can expect to profit from a generous welcome offer if you make a deposit within the first 24 hours of opening your account. However, you won’t be able to withdraw this money until you’ve met the terms and conditions. Markets.com allows you to deposit and withdraw money using the usual payment methods. These include bank transfer or credit card, as well as Giropay and PayPal. Skrill, Neteller and immediate bank transfer can only be used to deposit money. For security reasons, it is only possible to withdraw money into the account the deposit came from.
Professional Customer Service and Great Training Material
Customer service is available around the clock on trading days and the representatives are particularly professional. They speak multiple language and are very competent in answering questions and solving any problems. You can also contact them using various means, whether you want to do it by e-mail, post or even the live chat function. German traders can even get advice from German speaking representatives. You also get access to a wealth of training material, which is particularly useful for those new to the industry. This includes detailed descriptions of how to trade using Forex and CFD. Even those experienced traders amongst you will profit from the wealth of information available, which could help you improve your own trading strategies. Especially the webinars are very helpful. There’s even material to help you interpret fundamental and chart analyses. Finally, all customers will receive interesting news about Forex and will be provided with various trading information.
Trading Platform and App from Markets.com
The broker has decided to use the acclaimed Metatrade 4 as its trading platform. The software has established itself as a standard amongst many brokers in the past number of years. The platform is suitable for both beginners and professional and gives you access to all necessary functions. The most loved trading platform has a user-friendly design and is easy to navigate. Metatrader 4 provides a very clear overview and allows you to tailor the interface to your own personal needs and wishes. Metatrade 4 also provides you with expert advisors, which allows you to automatically develop trading systems or combine them with external systems. Those who prefer to trade on the go can use the free smartphone app available for android and iOS smartphones.
The online broker has garnered a lot of praise since its inception and is used worldwide by a lot of traders. The provider boasts a large selection of trading products and a professional platform. The customer support is particularly praiseworthy and is very competent in regards to problem solving and answering questions. The demo account allows potential customers to learn the ropes without risk and there’s also a generous welcome offer for those who decide to open a live account. Markets.com isn’t just one of the most popular and experienced brokers but is also one of the most secure and reliable.