Markets.com Review 2019 | Is Markets.com a Scam or Legit Forex Broker?
Rating breakdown
Marketscom Overview
Markets.com is a subsidiary of Playtech PLC – a company traded on the London Stock Exchange Main Market – offering traders access to more than 2,200 tradable CFD markets on MetaTrader and their own cutting-edge, proprietary Markets Web Trader and Markets Mobile App, with oversight from four major global financial regulators.
| # | Broker's Features | MARKETSCOM Availability |
|---|---|---|
| # | Commissions | ❌ |
| # | Hedging | ❌ |
| # | PAMM | ❌ |
| # | Scalping | ✔ |
| # | Accepts US traders | ❌ |
| # | 24 hour trading | ✔ |
| # | Swaps | ❌ |
| # | Demo account | ✔ |
| # | Daily analysis | ❌ |
| # | Automated trading | ❌ |
| # | Mobile trading | ❌ |
| # | Trading by phone | ❌ |
| # | 1st deposit bonus | ❌ |
| # | Forex contests competitions | ❌ |
| # | Bonuses Promotions | ❌ |
| # | Interest charges on the balance | ❌ |
| # | Free education | ❌ |
| # | Expert advisors | ❌ |
| # | Partnership programs | ❌ |
| # | Trust management | ❌ |
| # | 24 hour support | ❌ |
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review Marketscom.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Marketscom offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Bonds, Crypto.
Tradable Products: With Markets.com, users can trade on more than 2,200 different CFD markets covering Stocks, Indices, Currencies, Commodities, Cryptocurrencies, Bonds, ETFs, IPOs and unique Index Blends.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. Marketscom is Dealing Desk.
Features: Markets.com offers a variety of trading features including no-fee trading and a wide variety of trading tools.
Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. Marketscom recommended minimum capital is $100.
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Marketscom is regulated by ASIC, CySEC, FCA, FSCA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Investor Protection & Regulations: Markets.com offers a high level of regulatory oversight from four major global financial regulators including the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), the Financial Sector Conduct Authority (FSCA) and the UK’s Financial Conduct Authority (FCA).
Languages Available: Next lets have a look at each broker's different Language options. Marketscom offers Arabic, English, French, German, Italian, Portugue.
Payment methods: Next lets have a look at each broker's payment options. Marketscom offers Credit Card, Neteller, PayPal, Wire Transfer different payment methods for each account types.
Deposit and withdrawal: Markets.com offers a variety of ways to deposit and withdraw funds such as wire transfer, credit card, Neteller, Skrill, PayPal and more.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Marketscom makes MetaTrader 4, MetaTrader 5, Proprietary available to clients.
Web & Desktop Trading Platforms: Markets.com offers trading on MetaTrader 4 and MetaTrader 5, as well as on their own superior in-house built, proprietary Markets X Web Trader platform which offers advanced and unique features and benefits.
Mobile Trading Platforms: The Markets.com CFD trading app offers unique features for the beginner and advanced trader but limited charting functionality.
Trader Education
Markets.com offers on series of Education on Demand videos provided by Trading Central covering topics suitable for both beginner and advanced traders.
Promotions
Markets.com offers a variety of bonus and promotional offers depending on which of their global offices an account is opened.
Support
Markets.com offers a variety of customer support avenues including Live Chat, Phone Support and Web Query Forms, 24 hours a day, 5 days a week, across multiple languages.
Recup
Markets.com is indeed a great broker that offers a wide range of financial instruments, multiple platforms, low investment options, and an excellent customer service.
Final Thoughts
Markets.com provides a unique offering with commission-free trading on their in-built, proprietary Markets X Web Trader platform which is full of advanced trading tools suitable for both beginner and advanced traders across their more than 2,200 CFD markets on offer
Trading Experience
Markets.com offers a unique trading experience with their Markets X Web Trader platform which offers benefits for both beginner and advanced traders.