Markets.com Reviews 2023: Is it The Most User-Friendly Trading Platform?

The company has been in operation since 2008 and is regulated by some of the most reputable financial authorities in the world, including the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) in the United Kingdom, and the Australian Securities and Investments Commission (ASIC).

With over 2,000 instruments available for trading and a minimum deposit of just $100, Markets.com is one of the most accessible trading platforms. The company’s website is available in 26 languages and serves clients from over 50 countries worldwide.

Fortunately, this is not the case with Markets.com. The platform is feature-rich and user-friendly, and its fees are low in comparison with what it offers. Here is a breakdown of the fees you can expect to pay when using Markets.com:

• Commission: Zero
• Spread: Variable, starting at 0.6 pips
• Overnight cost: Variable, depending on the instrument you are trading
• Inactivity fee: $12 per month after three months of inactivity

Markets.com also offers a loyalty program that gives you cashback on your trades. The amount of cashback you receive depends on your trading instrument and your account type. For example, if you are trading major forex pairs with a Silver account, you can expect to receive up to $2.5 per lot.

You can deposit and withdraw funds using various methods, including credit/debit cards, bank wire transfers, and e-wallets such as PayPal, Skrill, and Neteller. The minimum deposit is just $100, which is excellent for beginners.

Here is a breakdown of the different account types available on Markets.com:

Standard Account: This is the most basic account type designed for retail traders. The minimum deposit is just $100, and you get access to over 2,000 instruments, tight spreads, and leverage of up to 1:30.

Premium Account: Designed for more experienced traders, the minimum deposit for a premium account is $20,000. You get all the features of a standard account, plus access to exclusive market analysis, premium customer support, and invitations to VIP events.

Platinum Account: The minimum deposit for a platinum account is $50,000. In addition to all the features of a standard and premium account, you get access to a dedicated account manager, exclusive market insights, and invitations to exclusive VIP events.

VIP Account: The minimum deposit for a VIP account is $100,000. You get all the features of the other account types, plus a personal relationship manager to help you.

The platform currently supports multiple coins including, but not limited to, top coins such as

• Bitcoin
• Ethereum
• Litecoin
• Bitcoin Cash
• Ripple
• Dash
• Compound
• Monero

If you are a crypto purist, however, you will not like the fact that Markets.com offers crypto trading as CFDs. A CFD (Contract For Difference) means you are not buying or selling the underlying asset. This is a common practice in CFD trading, but it is still something to be aware of if you want to trade cryptocurrencies.

On the flip side, trading crypto CFDs allows you to go long or short on your positions, which is impossible if you are trading the underlying asset. Plus, you don’t have to worry about storing your coins in a wallet. Apart from crypto, you can also trade a variety of other assets on Markets.com, including

• Forex
• CFDs
• Bonds
• Indices
• Energies
• ETFs
• Precious metals
• Commodities

The web trader is the most basic version of the platform and can be accessed directly from the Markets.com website. The mobile app is available on the respective app stores for both iOS and Android.

The desktop app is a more advanced version of the site. It comes with all the bells and whistles you would expect. You can download it from the Markets.com website. All three versions of the platform support both MetaTrader 4 and MetaTrader 5; therefore, you can work with the platform you are most comfortable with.

The customer service team is professional and helpful, and in my personal experience, I had no trouble getting in touch with someone when I needed to.

One thing to remember is that the customer service team is not located in the same country as the company; the company is based in Cyprus, but the customer service team is located in Bulgaria. This is not necessarily a bad thing, but it is something to be aware of.

CySEC is a European Securities and Markets Authority (ESMA) member, meaning that Markets.com is subject to the same rules and regulations as other Cypriot investment firms.

The company is also registered with several other regulatory bodies, including the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and the Financial Sector Conduct Authority (FSCA) in South Africa.

Regulation is an important metric to take into account when choosing a broker. A broker should not only be regulated but should also be regulated by bodies widely regarded as reputable.

“The more leverage you have the more risky your position” – Investopedia. That is why it is important to use leverage responsibly and to understand what you are doing before you use it.

As a regulated platform, Markets.com offers its users leverage based on their account type and their local regulatory status. For example, retail clients in the European Union are limited to maximum leverage of 1:30, while professional clients can use up to 1:300.

Compared to most CFD platforms, the leverage ratios offered by Markets.com are relatively high. Trading cryptocurrencies, however, comes with some of the lowest leverage on the platform at a maximum of 1:2.

Some of the more advanced trading tools available on the platform include:

• Alarm Manager
• Signal Manager
• Correlation Matrix

Markets.com also provides tools which allow you to follow major inside information, economic events, and market news. The platform has a built-in economic calendar that gives you all the information you need to know about upcoming events. You can also set up price alerts to notify you when the price of an asset reaches a certain level.

Regarding technical analysis, the platform comes with a financial commentary that provides real-time market insights from a team of expert analysts. If you are from the UK, this broker offers Spread Betting, a tax-free way to trade the markets (depending on your jurisdiction).

With Spread Betting, you can speculate on the movement of certain CFDs and even apply leverage. Moreover, there are no commission fees on these types of trades.

What is Markets.com?

Markets.com is an online CFD and Forex broker that offers its clients a range of tradable assets, including cryptocurrencies, stocks, indices, commodities, and forex. The company is based in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC).

What is the minimum deposit for Markets.com?

The minimum deposit for Markets.com is $100.

What is the maximum leverage offered by Markets.com?

The maximum leverage offered by Markets.com depends on your account type and local regulatory status. At the highest level, users can access leverage of 1:300.

Is Markets.com a regulated platform?

Yes, Markets.com is a regulated platform. The Cyprus Securities and Exchange Commission (CySEC) regulates the company. Markets.com is also registered with several other regulatory bodies, including the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and the Financial Sector Conduct Authority (FSCA) in South Africa.

What type of trading account can I open with Markets.com?

The type of account you can open with Markets.com depends on your country of residence and your experience as a trader. For example, retail clients in the European Union are limited to a Standard account, while professional clients can choose between a Standard and an ECN account.

The main difference between the two account types is that the ECN account gives you direct market access and lower spreads.

What deposit methods are accepted by Markets.com?

The deposit methods accepted by Markets.com include bank transfer, credit/debit card, and e-wallet.

Can I trade cryptocurrencies with Markets.com?

Yes, you can trade cryptocurrencies with Markets.com. The platform offers a range of CFD-based digital assets, including Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.

What are the trading tools available on Markets.com?

Markets.com offers a range of trading tools, including an economic calendar, price alerts, financial commentary, and technical analysis tools. Spread Betting is also available for UK-based clients.

How does Spread Betting work on Markets.com?

With Spread Betting, you can speculate on the movement of certain CFDs and even apply leverage. Moreover, there are no commission fees on these types of trades.

Conclusion

“Every battle is won or lost before it’s ever fought” – Sun Tzu. That is right. And trading is a battle. Now that you have gone through the review, you can agree that Markets.com prepares you for the battlefield in the best way possible.

Markets.com is a well-rounded online broker offering its clients a wide range of tradable assets, including cryptocurrencies and trading tools, to help them make the most informed decisions. So whether you are an institutional trader or a retail investor, there is an account type that will suit your needs.

The company is also registered with several regulatory bodies, which gives it a level of credibility while leaving you with peace of mind as you work. Plus, by supporting both MT4 and MT5, you can choose the trading experience that best suits your needs. If you are looking for an online broker with an excellent all-around offering, Markets.com could be a good choice for you.

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