REVIEWS
Markets.com Review 2022
Reviewed
Tested
Safe
Markets.com is a retail forex broker that was established in 2008 but went through a rebranding in 2019.
Markets.com has rebranded its services and platforms to match the needs of various types of investors across the multiple jurisdictions they operate in. If you are looking for a bespoke investing platform, then MarketsI is the one for you. If you are looking to trade forex, then MarketsX is your platform. In the following review, we will refer to the broker as Markets.com.
Markets.com is a Forex broker that has been operational since 2008, which aims to provide traders with the best trading conditions and VIP service. Markets.com may only have one trading account, the Real Account, but you can benefit from so much with that one trading account. You can use either the MetaTrader4 or MetaTrader5 trading platform, depending on your selection when you open your trading account. With low non-trading fees and low spreads, you will find yourself reaching your full trading potential with Markets.com.
| Markets.com Main Features | |
|---|---|
| 🗺️Established in: | 2008 |
| 🏢Time to open an account: | 1 day |
| ⚖️Regulations: | FCA, FSCA, CySEC ,ASIC |
| ⚖️Country of regulation: | Cyprus, South Africa, Australia, UK |
| 💰Minimum Deposit: | $250 |
| 🖥Platforms: | MT4, MT5 |
| 🎮Demo Account Available: | Yes |
| 💱Leverage: | 300:1 |
| 💰Withdrawal fee amount: | $0 |
| 💰Inactivity Fee: | Yes |
| Pros | Cons |
|---|---|
| • Regulated by CySEC, FCA, and ASIC | • Small Variety of Assets to Trade |
| • No withdrawal or deposit fee required | • No customer service available 24\7 |
| • Two trading account available | • High Trading fees |
Background
Markets.com was established in 2008 and operated under Safecap Investments Limited operates, which was headquartered in Cyprus. Safecap Investments Limited belongs to TradeTech Markets Limited, which is a part of Playtech, a company publicly traded on the London Stock Exchange. In 2019, Markets.com went through a complete rebranding, turning into MarketsX.
Key Takeaways For 2022
- Founded in 2008, Markets.com is part of Playtech PLC, a UK publicly listed company (LSE: PTEC).
- Markets.com is regulated in two tier-1 jurisdictions, making it one f the safest brokers for Forex and CFD trading.
- Markets.com rebranded and launched 2 different platforms, MarketsI and MarketsX
- Trading costs are high compared to other leading leaders
- Markets.com launched a forex signal service with a high success ratio
OctaFX
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Learn2Trade
CryptoSignals
1000pipbuilder
DDMarkets
Etoro
Safety & Regulation
Markets.com is a Cyprus-based Forex broker that s regulated by more than six different financial regulators from all over the world.This Forex trading broker is currently regulated by the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Financial Conduct Authority (FCA) in the UK, and the Australian Securities and Investment Commission (ASIC) in Australia.
This Markets.com review will identify the different regulations and safety measures that this Forex broker takes for its clients.
Is Markets.Com Safe?
Markets.com is considered a very safe and low-risk Forex broker for several reasons. The first reason is that Markets.com is regulated by over five of the strictest financial regulators in the world. The second reason is that Markets.com provides traders with negative balance protection, which protects a trader if they reach a negative balance. In addition, the third reason is that Markets.com conducts regular audit reports to show its compliance to the regulation, along with storing client funds in segregated accounts away from corporate funds.
| Pros | Cons |
|---|---|
| • Regulated by the Cyprus Securities and Exchange Commission (CySEC) | • Financial information is not available for the public |
| • Regulated by the Financial Conduct Authority (FCA) | • Does not accept clients from the US, Israel, and other countries |
| • Regulated by the Australian Securities and Investment Commission (ASIC) | |
| • Provides negative balance protection | |
| • Stores client funds in segregated accounts | |
| • Conducts regular audit reports |
Regulation
Markets.com is regulated by five top-tier financial regulators from all over the world. This Forex broker is regulated by: the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Australian Securities and Investment Commission (ASIC) in Australia, the Financial Conduct Authority (FCA) in the UK, the Financial Service Commission (FSC) in the British Virgin Islands, and the Financial Sector Conduct Authority (FSCA) in South Africa. The domain markets.com specifically is regulated by the CySEC under license no. 092/08 and by the FSCA under license no. 43906.
Investor Protection
In addition to the regulations that are applied to Markets.com, this Forex broker takes preventive measures to protect client funds and client personal information. Markets.com stores client funds in segregated accounts away from corporate funds. This Forex broker also provides negative balance protection to prevent the trader from facing major financial exposure when reaching a negative balance. Markets.com conducts regular audit reports to demonstrate its compliance with the regulations.
Awards
Markets.com was the runner-up for the Best Forex Broker in 2019 by DayTrading.com. Unfortunately, Markets.com did not win. Markets.com did win the Best Forex Provider of 2017 and the Best FX Platform of 2017 awarded by the UK Forex Awards.
Fees
The non-trading fees are low, except for the inactivity fee that is activated after 90 days. However, since there are no commissions charged for trading, the trading fees are considered average.
This Markets.com review will demonstrate the different trading and non-trading fees that you should consider.
Trading Fees
For the trading fees, Markets.com does not charge commissions on trading. The fees are built into the spreads, which causes the spreads to be relatively high.
Spreads on currency pairs could start from 0.5 pips, which are considered to be some of the lowest trading fees in the industry. This Forex trading broker added the trading fees into the spread, and this is why you might find the spreads excessive.
| Pros | Cons |
|---|---|
| • Low non-trading fees | • Inactivity fee required |
| • No commissions charged | • Wide spreads |
| • No deposit fee | |
| • No withdrawal fee | |
| • Low trading fees |
Non-Trading Fees
With Markets.com, you will find that the non-trading fees required are very low compared to other Forex trading brokers in the trading industry. Markets.com does not require a deposit fee or a withdrawal fee during your transactions. This means you do not have to worry about being charged with fees for withdrawing funds from or depositing funds into your account. On the other hand, Markets.com does charge an inactivity fee, which is a fee that is activated once you are inactive for a period of time. For Markets.com, the inactivity fee is 10USD on a monthly basis, after 90 days of inactivity.
| Deposit Fees and Withdrawal Fees | ||||
|---|---|---|---|---|
| Deposit Fees | 0USD | |||
| Withdrawal Fees | 0USD | |||
| Markets.com Fees Compared To Competitors | |||
|---|---|---|---|
| Markets.com | IFC Markets | XM | |
| Account Fee | No | No | No |
| Inactivity Fee | Yes | Yes | Yes |
| Deposit Fee | 0USD | 30USD | 0USD |
| Withdrawal Fee | 0USD | 30USD | 0USD |
Leverage
The leverage level differs on two factors: the type of client you are to Markets.com, and your local jurisdiction. In the case that you are a Retail client, you have a maximum leverage level up to 1:30. In addition, if you are a European resident or UK resident, then you have a maximum leverage level of 1:30 as well. However, if you are a Professional client, you have a maximum leverage level up to 1:300. Also, if you are a resident outside of Europe or the UK, then you can also have a maximum leverage level of up to 1:300.
Account Opening
Markets.com provides two trading accounts for its users: the Retail Account and the Professional Account.The Professional Account is a trading account for investors, and the Retail Account is a trading account for traders.
This Markets.com review will demonstrate a step-by-step guide on how to open a live account with Markets.com.
| Pros | Cons |
|---|---|
| • Fast account opening process | • None |
| • Fully digital to open an account | |
| • Transfer from Demo Account to Real Account available | |
| • Minimum deposit is average | |
| • Two trading accounts available |
Retail Account
The Retail Account is a trading account for users who prefer trading, than investing. You will be required to make a minimum deposit of 250USD. For the Retail Account, you will have a maximum leverage level up to 1:30 for European clients and 1:300 for non-European clients. The Retail Account has low spreads that start from 0.6 pips, and you can get access to your trading account with several different languages.
How To Open A HotForex Trading Account
Step One: The process is so simple that there is only one step!
Fill in your personal information on the online application
Deposit & Withdrawal
Markets.com provides different deposit and withdrawal options for you to choose from, and you can select from nine different account base currencies for your trading account.There are no withdrawal or deposit fees charged, but you will be required to wait for withdrawals for a while.
This Markets.com review will give you an overview on the different deposit and withdrawal options for you.
Account Base Currencies
There are nine different account base currencies that are offered by Markets.com for your trading account. You can choose one of the following account base currencies for your trading account: USD, EUR, GBP, PLN, SEK, DKK, NOK, ZAR, and AUD.
| USD | EUR | GBP | PLN | SEK |
| DKK | NOK | ZAR | AUD |
Deposits
Markets.com offers different payment methods for you to choose from, which are: Bank Transfers, Credit\Debit Card, and Electronic Wallets.
You do not have to concern yourself with deposit fees, because there are none. The deposit process of Markets.com is a fast process that allows you to have your funds deposited into your trading account in 24 hours. You can make your deposits in the account base currency that you have chosen for your trading account, or it will be convert to your base currency.
| Pros | Cons |
|---|---|
| • Different payment methods available | • None |
| • No deposit fee | |
| • Fast deposit process | |
| • Variety of account base currencies provided |
Markets.Com Deposit Options
- Bank Transfer
- Credit\Debit Card
- Electronic Wallet
Withdrawal
Markets.com does not require a withdrawal fee for every time you make a withdrawal from your trading account.
You can choose to make your withdrawals via Bank Transfer, Credit\Debit Card, and Electronic Wallets. However, withdrawing funds from your trading account could take approximately 5-7 business days, depending on your preferred payment method.
| Pros | Cons |
|---|---|
| • Different payment methods provided | • Slow withdrawal process of 5-7 business days |
| • Free withdrawal | |
| • Wide selection of account base currencies available |
Withdrawal Options
- Bank Transfer
- Credit\Debit Card
- Electronic Wallet
Trading Platforms
Markets.com offers two types of trading platforms for traders to use, which are MetaTrader4 and MetaTrader5. MetaTrader4 is best used for novice traders and MetaTrader5 is better suited for expert traders.Markets.com is a Forex broker that has been operational since 2008, which aims to provide traders with the best trading conditions and VIP service. This Markets.com review will use MetaTrader4 as a model as a detailed analysis on the features provided.
- MetaTrader4
- MetaTrader5
Web Trading Platform
The MetaTrader4 web trading platform is available in several languages for all traders. With Markets.com, you can use different pending order types, such as: Market, Limit, Stop, Good Til Canceled (GTC), and Good Til Time (GTT). These pending order types are considered the order types needed for basic trading. As a benefit, you can enable price alerts as email notifications for your platform. In terms of security, there is no two-step login process as a form of verification. You can use the MetaTrader4 web trading platform on any operating system, since it is compatible with all systems.
| Pros | Cons |
|---|---|
| • User friendly design | • No two-step login process |
| • Able to view past performances and portfolio | |
| • Price alerts and notifications are available | |
| • Available in several languages | |
| • Operable on all operating systems |
Desktop Trading Platform
Markets.com does not offer a desktop trading platform. Traders can connect their markets.com account to the MT4 desktop terminal.
Mobile Trading Platform
The MetaTrader4 mobile trading platform can be downloaded on Android and iOS. Markets.com provides this mobile application for traders who like trading on the go, at any time. You will find five pending order types that are necessary for any trade, which are: Market, Stop, Limit, Good Til Canceled (GTC) and Good Til Time (GTT). Additionally, you will find that the design of the mobile application is very user friendly and easy to navigate through. You may also activate price alerts as push notifications on your mobile device. However, you will not find the option of fingerprint recognition and facial recognition available.
| Pros | Cons |
|---|---|
| • User friendly design | • No facial recognition available |
| • Available in different languages | • No fingerprint recognition available |
| • Allows trading from anywhere | |
| • Able to view past performances and portfolio | |
| • Downloadable on iOS and Android | |
| • Price alerts and notifications available |
Markets & Financial Instruments
Markets.com offers you over 2,200 different financial instruments that you can trade with, including cryptocurrency.
This Markets.com review will list for you the different financial classes that Markets.com offers to you.
| Pros | Cons |
|---|---|
| • Provides cryptocurrency | • None |
| • 6 different financial markets accessed | |
| • Over 2,200 financial instruments available | |
| • Wide range of financial instruments |
Markets.com offers traders access to 6 different financial markets, with the ability to trade with 2,200 different financial instruments. The available Forex pairs, or currency pairs, are approximately more than 50+, while there are about 11 Stock Indices options. There are roughly 2,000 different Stock CFDs and 6 different cryptocurrency for you to trade with. As for the Commodities, there are more than 15 different options and approximately more than 40 different ETFs.
| What Markets.com Offers | ||||
|---|---|---|---|---|
| Forex | Indices | |||
| Cryptocurrency | Commodities | |||
| Bonds | ETFs | |||
Markets Research & Trading Tools
This Markets.com review will inform you on the different market research materials and trading tools that is provided for you by this Forex broker.
Trading Tools
| Markets.com Tools | ||||
|---|---|---|---|---|
| Technical Tools | Sentiment Tools | |||
| Fundamental Tools | ||||
| Pros | Cons |
|---|---|
| • Different forms of trading tools available | • Must be a member with Markets.com |
| • Trading tools established by analysts, hedge funds, and commentators | |
| • Insider sentiment available | |
| • Price alerts for any financial instrument provided |
Market Research
Markets.com offers three different market research materials that will help keep you aware of the trading industry. The first market research material is the economic calendar, which is updated daily on the different trading events of the world. This economic calendar also predicts patterns and past trading events. The second market research material is trading ideas, which offers recommendations from analysts, along with the direction and target prices. The third and final research material is the charting tools, allowing you to add more than 80 technical indicators.
| Pros | Cons |
|---|---|
| • Three different market research materials | • No fundamental data available |
| • Economic calendar provides predictions | |
| • Recommendations from analysts available | |
| • More than 80 indicators available for charting tools |
Customer Service
The customer service of Markets.com is one of the best features of this Forex trading broker. Customer service, provide different methods of contact and you will find that the response time is fast for all means of communication. However, you will not be able to reach them on the weekends. This Markets.com review will inform you of the different means of communication available for you on this Forex trading broker.
Markets.com provides a 24\5 customer service that you can reach via live chat, phone, or email, or you can fill in their online query form. This Forex trading broker has an accommodating staff that has an impressively fast response time and ensures that your questions are heard. The customer service staff also offers relevant answers to your inquiries, but you cannot reach them on Saturdays and Sundays.
| Pros | Cons |
|---|---|
| • Different means of communication | • Not available 24\7 |
| • Fast response time | |
| • Relevant answers on your inquiries | |
| • Available in different languages | |
| • Accommodating staff of customer service |
Means Of Communication
- Live chat
- Phone support
- Email support
- Online query form
The customer service of Markets.com has generally improved the overall trading experience of the traders. Many traders have expressed their appreciation in the quality of answers and the fast responses of the customer service staff. In addition, the different means of communication that were offered in several languages helped traders from all over the world contact Markets.com, establishing positive feedback from the traders.
Client Education
You will find different forms of resources via the Knowledge Center. There are platform tutorial videos, FAQ, and a free Demo Account.
This Markets.com review will demonstrate a step-by-step guide on how to open a Demo Account.
| Pros | Cons |
|---|---|
| • Educational articles are available | • Resources are only available for members |
| • Extensive information on FAQs | |
| • Free Demo Account | |
| • Tutorial videos are provided |
Client Education Resources
- X-Ray
- Analysis
- FAQ’s
- Demo Account
How To Open A Demo Account
Step One: Fill in your personal information on the online application.
Conclusion
Markets.com may only have one trading account, the Real Account, but you can benefit from so much with that one trading account. You can use either the MetaTrader4 or MetaTrader5 trading platform, depending on your selection when you open your trading account. With low non-trading fees and low spreads, you will find yourself reaching your full trading potential with Markets.com.
Markets.com is regulated by five top-tier financial regulators from all over the world. This Forex broker is regulated by: the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Australian Securities and Investment Commission (ASIC) in Australia, the Financial Conduct Authority (FCA) in the UK, the Financial Service Commission (FSC) in the British Virgin Islands, and the Financial Sector Conduct Authority (FSCA) in South Africa.
Overall, Markets.com is a safe and trustworthy Forex broker that is worth investing in and trading with.
Markets.com is a Forex broker that has been operational since 2008, which aims to provide traders with the best trading conditions and VIP service.
Frequently Asked Questions
Is Markets.com A Good Broker?
Markets.com is a Forex broker that has been operational since 2008, who aim to provide traders with the best trading conditions and VIP service. Markets.com may only have one trading account, the Real Account, but you can benefit from so much with that one trading account. You can use either the MetaTrader4 or MetaTrader5 trading platform, depending on your selection when you open your trading account. With low non-trading fees and low spreads, you will find yourself reaching your full trading potential with Markets.com.
Is Markets.com Legit?
In addition to the regulations that are applied on Markets.com, this Forex broker takes preventive measures to protect client funds and client personal information. Markets.com stores client funds in segregated accounts away from corporate funds. This Forex broker also provides negative balance protection to prevent the trader from facing major financial exposure when reaching negative balance. Markets.com conducts regular audit reports to demonstrate its compliance to the regulations.
How Long Do Markets.com Withdrawals Take?
Withdrawals with Markets.com take approximately 5-7 business days.
What Is The Minimum Deposit For Markets.com?
The minimum deposit required for a Real Account with Markets.com is 250USD or its currency equivalent.
Is Markets.com Regulated?
Markets.com is regulated by five top-tier financial regulators from all over the world. This Forex broker is regulated by: the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Australian Securities and Investment Commission (ASIC) in Australia, the Financial Conduct Authority (FCA) in the UK, the Financial Service Commission (FSC) in the British Virgin Islands, and the Financial Sector Conduct Authority (FSCA) in South Africa.
Is Markets.com An ECN Broker?
No, Markets.com is not an ECN Broker.
Is Markets.com Safe?
Markets.com is considered a very safe and low risk Forex broker for several reasons. The first reason is that Markets.com is regulated by over five of the strictest financial regulators in the world. The second reason is that Markets.com provides traders with negative balance protection, which protects a trader if they reach a negative balance. In addition, the third reason is that Markets.com conducts regular audit reports to show its compliance to the regulation, along with storing client funds in segregated accounts away from corporate funds.
Methodology
All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. We analyze more than 3000 data points across 8 key focus areas.
Our reviews are a combination of data research and working alongside the brokers. All information provided by the brokers are double-checked to guarantee 100% accuracy and that we remain unbiased.
2023 Review Methodology
For our 2023 Forex Broker Review, we assessed, rated, and ranked 45 international forex brokers over a three-month time period. Each broker was graded on 108 different variables and, in total, over 100,000 words of research were produced.
While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.
All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than 0.1% each year, providing site visitors with quality data they can trust. Learn more about how we test.
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more at Wikipedia.
Chad Smith
Director of Research & Analysis
Chad Smith is the Director of Research & Analysis here at ForexBrokerListing.com.
Chad previously served as an Editor for a number of websites related to finance and trading, where he authored a significant number of published articles about trading and the impact of technology in transforming investing as we know it.
Overall, Chad is an active fintech and crypto industry researcher with more than 15 years of trading experience, and you can find him teaching his dog how to trade in his free time.