Markets.com Review 2024
Written by BrokerNotes.co
Fact-checked by Steven Hatzakis, Joey Shadeck
Edited by Jeff Anberg
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Markets.com is a highly recommended, albeit expensive, broker for forex and CFD trading, as indicated by our research and their impressive trust score. Our testing found that Markets.com offers a wide range of trading tools and educational resources, making it a solid choice for both new and experienced traders.
Overall Rating
Minimum Deposit
Trust Score
Pros and Cons
Pros
- High Trust Score: Markets.com has a trust score of 96, indicating a high level of reliability.
- Wide Range of Trading Platforms: Supports MetaTrader 4, MetaTrader 5, and a proprietary platform.
- Advanced and Beginner Education: Offers a variety of educational resources suitable for all levels.
Cons
- Above Average Spread Costs: Average spread cost for EUR/USD is 1.9, much higher than the industry average of 1.08.
- Average Ratings for Commissions & Fees: Rated below average in terms of commissions and fees.
- Limited Payment Options: Does not support Neteller or PayPal.
Ratings Summary
- Investment Types - 8.0/10
- Commissions & Fees - 7.0/10
- Trading platforms - 8.0/10
- Research - 8.0/10
- Mobile Apps - 7.5/10
- Education - 7.0/10
- Overall - 8.1/10
Can I trust Markets.com?
Yes, Markets.com is highly trusted. It is a publicly traded company, authorized by ASIC in Australia, regulated under MiFID, and FCA authorized in the U.K. Its trust score of 96, as noted by ForexBrokers.com, positions it as a highly trustworthy broker.
Markets.com is currently licensed and/or authorised by the following regulatory bodies:
- Tier-1 Regulators - Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA), and regulated in the European Union via the MiFID passporting system
- Tier-2 Regulators - Cyprus Securities & Exchange Commission (CySEC) and the Financial Sector Conduct Authority (FSCA)
- Tier-3 Regulators - None
- Tier-4 Regulators - BVI Financial Services Commission (FSC)
Is Markets.com good for beginners?
Markets.com is a suitable choice for beginners. It offers beginner education videos and comprehensive educational resources for forex and CFDs. However, its rating for education and beginners is below average, suggesting there is room for improvement.
| Feature |
Markets.com
|
|---|---|
| Education (Forex or CFDs) | No |
| Client Webinars | Yes |
| Videos - Beginner Trading Videos | Yes |
| Videos - Advanced Trading Videos | Yes |
| Investor Dictionary (Glossary) | No |
Markets.com commissions and fees summary
Markets.com charges an average spread cost of 1.9 for the EUR/USD pair, which is higher than the industry average. There are no inactivity fees, and a minimum deposit is required. It offers active trader or VIP discounts, but the overall rating for commissions and fees is below average, making it less competitive in this aspect.
| Feature |
Markets.com
|
|---|---|
| Minimum Deposit | $100 |
| Average Spread EUR/USD - Mini | 1.9 |
| Average Spread EUR/USD - Standard | 1.9 |
| All-in Cost EUR/USD - Active | 1.9 |
| Active Trader or VIP Discounts | Yes |
Markets.com trading platforms and tools
Did you know? Trading platforms comparison
Of the 60+ brokers reviewed on BrokerNotes, 64% offer a proprietary platform, 100% offer a web platform, 91% offer a desktop platform, 11% offer cTrader, 14% offer ZuluTrade, 81% offer MetaTrader 4, and 64% offer MetaTrader 5.
Markets.com offers a robust selection of trading platforms, including MetaTrader 4, MetaTrader 5, and a proprietary platform. The broker is recommended for its trading platforms and tools, rated as average.
Trading platforms offered: MetaTrader 4, MetaTrader 5, and a proprietary platform.
Trading tools: Comprehensive selection suitable for various trading needs.
Copy trading: Available, enabling traders to follow and replicate the trades of others.
| Feature |
Markets.com
|
|---|---|
| Virtual Trading (Demo) | Yes |
| Proprietary Platform | Yes |
| Desktop Platform (Windows) | Yes |
| Web Platform | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| DupliTrade | No |
Markets.com trading platform screenshots
Mobile trading apps at Markets.com
Markets.com provides a highly recommended mobile trading app, making it a convenient choice for investors who prefer trading on the go.
| Feature |
Markets.com
|
|---|---|
| Android App | Yes |
| Apple iOS App | Yes |
| Mobile Economic Calendar | No |
| Mobile Alerts - Basic Fields | Yes |
| Mobile Charting - Draw Trendlines | Yes |
| Mobile Watchlist | Yes |
Markets.com mobile app screenshots
How do I open an account with Markets.com?
- Visit the Markets.com website.
- Click on the "Open Account" button.
- Fill in the required personal information.
- Verify your identity by providing the necessary documents.
- Fund your account using one of the supported payment methods.
What can I trade at Markets.com?
Markets.com offers 57 forex pairs and a total of 2,179 tradeable symbols, which is below the industry average of 3,623 tradeable symbols.
| Feature |
Markets.com
|
|---|---|
| Tradeable Symbols (Total) | 2179 |
| Forex Pairs (Total) | 57 |
| Social Trading / Copy Trading | Yes |
| Cryptocurrency (Physical) | No |
| Cryptocurrency (Derivative) | Yes |
| Spread Betting | No |
Markets.com research screenshots
Account funding at Markets.com
Markets.com supports various funding options, including bank wires, credit cards, and Skrill. However, it does not support Neteller or PayPal.
| Feature |
Markets.com
|
|---|---|
| Visa/Mastercard (Credit/Debit) | Yes |
| Bank Wire (Deposit/Withdraw) | Yes |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | Yes |
| Neteller (Deposit/Withdraw) | No |
About Markets.com
Markets.com was founded in 1999 and has since established itself as a reliable broker in the forex and CFD market. With a high trust score and a range of trading platforms, it continues to attract traders of all levels.
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Methodology
At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.
Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).
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 about foreign exchange risk.
About the Editorial Team
BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.
Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.
Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.