1. Home
  2. Compare Forex Brokers
  3. Markets.com review

Markets.com Review

  • Regulated by: CySEC, Financial Services Board
  • Safety: segregates client funds
  • Trust Rating: B
Open Markets.com's Website

Losses can exceed deposits. Your capital is at risk.

Markets.com two ways: Forex, CFDs.

To open a live account, you’ll need a minimum deposit of at least $100. Alternatively, Markets.com offer a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by CySEC (Licence: 092/08 ), and Financial Services Provider #43906 in South Africa. Markets.com puts all client funds in a segregated bank account and uses tier-1 banks for this. Markets.com have been established since 2008, and have a head office in Cyprus, UK, Syria.

Before we dive into some of the more detailed aspects of Markets.com’s spreads, fees, platforms and trading features, you may want to open Markets.com‘s website in a new tab by clicking the button below in order to see the latest information directly from Markets.com.

Open a demo account Visit Markets.com

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Markets.com screenshot

PROS

  • Segeregates client funds
  • Established in 2008
  • Regulated by CySEC, Financial Services Board
  • Min. deposit from $100

CONS

What are Markets.com's spreads & fees?

Like most brokers, Markets.com take a fee from the spread, which is the difference between the buy and sell price of an instrument.

The spreads displayed below are based on the minimum spreads listed on Markets.com’s website. The colour bars show how competitive Markets.com’s spreads are in comparison to other popular brokers featured on BrokerNotes.

As you can see, Markets.com's minimum spread for trading EUR/USD is 2 pips - which is relatively high compared to average EUR/USD spread of 0.82 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with Markets.com vs. similar brokers.

See all Spreads

How much does Markets.com charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with Markets.com at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $15.4. Here’s a rough breakdown of the fees and how this compares against AvaTrade & XTB.

Plus500 AvaTrade XTB
Spread from: $6.00 $7.00 $2.00
Typical overnight fee: $9.40 $5.00 $7.94
Commission: $0.00 $0.00 $8.00
Total cost of a 100k trade: $15.4 $12 $9.94
$3.4 less $5.46 less
Visit Plus500 Visit AvaTrade Visit XTB

All fees/prices are for informational purposes and are subject to change. Last updated: March 21, 2018.

General Fees

  • Markets.com does charge inactivity fees
  • Markets.com doesn’t charge withdrawal fees*

Overnight fees & swap rates

When you hold a position overnight, it is usually subject to overnight interest which you must pay to your brokerage (sometimes called a rollover fee or swap rate).

  • The rollover fee for long positions on EUR/USD is -$6.78
  • The rollover fee for short positions on EUR/USD is $2.75

Commissions

  • Markets.com doesn’t charge commission on CFD shares

What can you trade with Markets.com?

Markets.com offers over 2,000 different instruments to trade, including over 61 currency pairs. We’ve summarised all of the different types of instruments offered by Markets.com below, along with the instruments offered by AvaTrade and XTB for comparison.

FX / Currencies Plus500 AvaTrade XTB
# of forex pairs offered 61 59 50
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies Yes Yes Yes
Commodity CFDs Plus500 AvaTrade XTB
# of commodities offered 17 16 0
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs Plus500 AvaTrade XTB
# of Stocks offered 1816 99 1500
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
See Plus500's Instruments See AvaTrade's Instruments See XTB's Instruments

What’s the Markets.com trading experience like?

1) Platforms and apps

Markets.com is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here.

Markets.com Screenshot See Markets.com's Platforms

Markets.com also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.

See Markets.com's platforms

Trading Features:

  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection

Accounts offered:

  • Demo account
  • Mini account
  • Standard account
  • Islamic account

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

Markets.com allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument.

As a market maker Markets.com may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, Markets.com offer margin up to 0.2 on currencies.

Markets.com also offers a number of useful risk management features, such as stop losses (), limit ordersnegative balance protectionprice alerts and much more. You can see all of the account features offered by Markets.comand much more. You can see all of the account features offered by Markets.comhere.

Finally, we’ve listed some of the popular funding methods that Markets.com offers its traders on the right.

Funding methods:

  • Credit cards
  • Bank Transfer
  • PayPal
  • Payoneer

3) Client support

Markets.com support a wide range of languages including Arabic, Chinese, Dutch, English, French, German, Italian, Japanese, Norwegian, Polish, Romanian, Russian, Spanish, and Turkish

Markets.com have a BrokerNotes double AA support rating because Markets.com offer over three languages

4) What you’ll need to open an account with Markets.com

As Markets.com is regulated by CySEC, Financial Services Board, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Markets.com’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Markets.com you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.markets.com on March 21, 2018.