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for EURUSD

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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 Variable Spreads

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 Variable Spreads?

Markets.com scored best in our review of the top brokers for variable spreads, 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

Variable spreads

Variable spreads are also known as floating or dynamic spreads. As the name suggests, variable spreads are always changing. With Variable spreads, there is a continuous change in the difference between the bid and ask prices of an asset. Variable spreads are offered by non-dealing desk/direct market access brokers who typically run their business over Electronic Communication Networks (ECN).

The hallmark of brokers offering this model is that they get the pricing of assets from several liquidity providers and pass on same to the trader without the intervention of a dealing desk. Spreads will therefore widen or narrow based on the demand for the asset and the market volatility.

Typically, spreads widen during news releases as well as other periods when the liquidity in the market drops. For example, a trader may open the GBPUSD currency pair with 2 pips in spread, but just as the execution is about to be made, a press release affecting the currencies like Brexit may cause the spread to widen to 10 pips.

If you unsure as to what a spread and pip is or want to know more about fixed spreads, take a look at our What is a spread article.

Pros and cons of variable spreads

Benefits of a variable spread broker

  • Floating spreads take away the problem of requotes. This is because the variation that occurs in a floating spread factors in changes of price with respect to demand-supply dynamics. In other words, what you want is really what you get.
  • Trading with floating spreads provides more transparent pricing, especially when you consider that pricing from several liquidity providers is made available for greater flexibility.
  • Swing and position traders will not be affected by floating spreads.

Disadvantages of a variable spread broker

  • Variable spreads are a no-go area for scalpers, as the widened spreads that could occur will eat into any profits that the scalper is targeting.
  • Floating spreads are a news trader’s nightmare. This is because the variation in the actual number from the consensus figure will produce wider spreads which increase the unpredictability of the trade outcome.

Fixed vs Variable Spreads: Which is Better?

Generally speaking, frequent traders and those with larger accounts will benefit from floating spread pricing.

Variable spread traders

Swing or position traders: Traders who make hundreds of pips per trade in very few trades that are kept open for days or weeks, benefit from floating spreads.
Large accounts: Traders with larger accounts who prefer having a selection of pricing from different liquidity providers, generally choose floating spread brokers.
Fast Execution: Traders who need faster executions without requotes, often trade with a floating spread broker.


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