Company

Spread

for EURUSD

Min.

Deposit

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Offered

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Types

Spread

Type

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Methods

Customer

Support

Execution

Details

Markets.com

Offers five ways to trade: Forex, Shares, Indices, Commodities, ETF and CFD

 
Markets.com
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$100Min. Deposit Learn More
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Trust Score:

B

0

Established in:

2008

Regulated by:

CySEC, Financial Services Boar...

CFDs are leveraged products and can result in the loss of your capital. Rankings are influenced by affiliate commissions. All information collected on 1/11/2017.

The Ultimate Guide to

Choosing a Broker
For AutoChartist

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:

Ready?

Part 1

Why Choose Markets.com
For AutoChartist?

Markets.com scored best in our review of the top brokers for autochartist, which takes into account 120+ factors across eight categories. Here are some areas where Markets.com scored highly in:

  • 9+ years in business
  • Offers + instruments
  • A range of platform inc. MT4, Web Trader, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 2.0 pips
  • Used by + traders
  • Allows hedging
  • 5 languages
  • Leverage up to 100:1

Markets.com offers five ways to trade: Forex, Shares, Indices, Commodities, ETF and CFD. If you wanted to trade EURUSD through copy trading or other means, skip to part two.

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

Markets.com have a B trust score, which is good. This is largely down to them being regulated by CySEC, Financial Services Board, segregating client funds, being established for over 9 years, and much more. For comparison:

Trust Score comparsion

Markets.com
Trust Score B
Year Established 2008
Regulated by CySEC, Financial Services Board
Uses tier 1 banks
Company Type Public Private Private
Segregates client funds

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We've compared these in detail in part three of this guide.

Part 2

Who Markets.com is (& Isn’t)
Suitable For

As mentioned, Markets.com allows you to trade in five ways: Forex, Shares, Indices, Commodities, ETF and CFD.

Suitable for:

  • CFD Trading
  • Forex Trading

Not Suitable for:

To trade with Markets.com, you'll need a minimum deposit of $100. Markets.com offers a range of different account types for different traders including a mini account, vip account.

Finally, Markets.com isn't available in the following countries: AF, DZ, AS, AO, AU, BE, BA, BR, KH, CA, CN, CU, KR, GU, GY, HK, ID, IR, IQ, IL, JP, LA, MO, MY, MM, NZ, MP, PA, PG, PH, PR, RU, SG, KR, SD, SY, TW, TH, TR, UG, VI, VU, USA, VN, YE.

Part 3

A Comparison of Markets.com vs. vs.


Want to see how Markets.com stacks up against and ? We've compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
Markets.com
Fixed Spreads
Variable Spreads
EUR/USD Spread 2.0
GBP/USD Spread 2.0
USD/CAD Spread 3.0
USD/JPY Spread 3.0
DAX Spread 2
FTSE 100 Spread 2
S&P500 Spread 1

Comparison of account & trading features

Markets.com
Spread type
EUR/USD Spread 2008
EUR/GBP Spread CySEC, Financial Services Board
Crude Oil Spread
Gold Spread Public Private Private
DAX Spread

Part 4

Autochartist Review

This is a review of Autochartist, a Forex and CFD (contracts for difference) trading support service. Autochartist is a brand which operates from Cyprus and provides technical analysis support services for the Forex, commodities and futures markets. Autochartist delivers its service using technology partners such as Metaquotes and Econoday. Metaquotes supports the Autochartist plug-in, which can be used on MT4/MT5 trading platforms as a custom indicator. Econoday is a provider of economic news and market data analytics.

Autochartist provides traders with the very latest in automated market-scanning tools which showcase trade opportunities that inexperienced traders would ordinarily not be able to spot. These trade opportunities are strictly based on support and resistance levels. Autochartist provides traders with the following:

  1. Chart patterns: Common chart pattern formations that are presented by Autochartist include wedges, triangles, channels, rounding tops and bottoms, and other formations that indicate when the price action has hit a top or a bottom.

  2. Fibonacci patterns, such as Retracements, Extensions, Butterfly, Gartley and ABCD patterns.

  3. Key support and resistance levels that occur on a horizontal plane.

Autochartist also provides an analysis of market risk and volatility, although this is not a frequently used tool.

Autochartist Interface

The Autochartist interface is only available to view once a user has signed up either for the free trial or for a paid subscription. The snapshot shown below contains segments which have to be used together. These segments are numbered from 1 to 13. A brief explanation of each segment is also provided.

Our Favourites: The tab marked “1” is “Our Favourites” and shows the list of trading opportunities which are active, and which possess the highest probability for success based on a 6-month history of similar trading opportunities.

Trading Opportunities: This tab, marked “2”, showcases the existing opportunities which are found on the charts. Therefore, this tab will contain the chart patterns; Fibonacci-based patterns and key levels of support and resistance across several assets. The trader can filter the results shown here using customised preferences.

Autochartist - Trading Opportunities

Autochartist – Trading Opportunities

Pattern Display: The pattern display is marked “8”. Price graphs for various assets are displayed. These graphs show the exact demarcation of the patterns and the opportunities that they present. This is the chart displayed when the trader clicks on the Active Trading Opportunities tab.

Autochartist - Active Trading Opportunities Chart

Autochartist – Active Trading Opportunities Chart

What does this pattern display show? It shows the following information:

  1. The asset on which the pattern is shown. Shown as the symbol on the right.

  2. The exchange where the asset is traded. Here it is Forex.

  3. Interval, which refers to the time frame of the chart. Here, the time frame is 15 minutes.

  4. Type of pattern. In this chart, it is a falling wedge.

  5. Direction. This is the direction the price breakout is expected to occur, which is upwards (green arrow on the chart) and green arrow on the right pane.

  6. There are meter bars that indicate the strength for Quality of Signal, Initial Trend, Uniformity, Clarity of Signal and Expected Breakout. The higher the number of bars, the better the overall strength of the signal.

  7. Forecast price is the price at which the breakout move is expected to occur.

The information gained from the Pattern Analysis can be combined with other information within the price movement pane.

Event Impact Analysis: This tab, marked “4”, reveals the impact of previous news releases on the currency pair tool in a concise, visual presentation. The user should know where the fundamentals are pointing before making technical entries.

Autochartist - Event Impact Analysis

Autochartist – Event Impact Analysis

Price Movement Pane: with Quality Indicators and Volatility Analysis

The price movement pane features the volatility analysis tool as well as the price range forecast.

The Volatility Analysis tool gives the trader insight as to the movement of assets in the market. The trading risk for each asset can be assessed.

Autochartist - Volatility Analysis

Autochartist – Volatility Analysis

By clicking the Volatility Analysis tab, a new pop up with 3 tabs is shown, one of which is the forecast of the price range.

Autochartist - Price Range Forecast

Autochartist – Price Range Forecast

The Price Range Forecast section gives the trader some idea as to the possible range of price movements within each time frame. This will guide in the setting of stop loss and take profit targets.

Results Filter: The display of results for each trade opportunity can be customised in the Trading Opportunities Pane by checking or unchecking the relevant checkboxes as shown below.

Autochartist - Results Filter

Autochartist – Results Filter

Active Trading Opportunities: The Active Trading Opportunities show the tradable patterns in the market. These are patterns which are still in evolution and for which entry possibilities still exist.

The tab for trade opportunities that are no longer valid (either ended or expired) is named the Expired Trading Opportunities tab, marked 13 on the interface snapshot.

Interpretation of Trading Opportunities on Autochartist

Patterns displayed on Autochartist can either be Emerging Patterns, Evolving Patterns, Completed Patterns or Expired Patterns.

Autochartist - Patterns

Autochartist – Patterns

  • The first diagram shows an emerging pattern, which has undergone a breakout. The pattern is only tradable when the entry conditions are attained following the breakout.

  • The second diagram shows when the target price is reached.

  • Sometimes, the emerging pattern does not fulfill potential and it breaks down. This would constitute an expired pattern.

How to Start Using Autochartist

Autochartist presents two ways to start using the service.

  1. Sign up for a 14-day free trial, followed by the payment of a monthly subscription.

  2. Using a live account from a Forex broker that supports the Autochartist MT4 plug-in, which allows the plug-in to be used for free.

Benefits of Using Autochartist

Autochartist comes with certain benefits:

  1. Coverage of several assets listed across several asset classes: Forex, commodities, indices, CFDs and futures.

  2. Easily spot market opportunities round the clock using the Autochartist tools.

  3. Novices will find the Autochartist tool to be an indispensable tool for technical analysis.

  4. A variety of educational materials are also provided on the Autochartist website.


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