Markets.com is one of the most well-known and respected names in the forex industry. It’s a broker that offers premium forex trading and access to CFD trading on thousands of underlying assets. To us, a big plus is that they have started focusing on cryptocurrencies.
Chances are that you have heard about Markets.com before even if you’re not into trading. If you’re a sports fan you probably recognize them as one of the official sponsors of the English football team Arsenal. Otherwise, you might have seen their TV-commercials or ads and banners online.
We have been using Markets.com for years and would like to take this opportunity to share our experience with them, while at the same providing you with an unbiased review of their product and services.Create an account at Markets.com
Is Markets.com A Scam?
We thought it would be a good idea to start by answering the most important question first: Is Markets.com a scam?
The answer is simple and straightforward, Markets.com is not a scam, it’s a reliable service. In fact, at a time were unreliable trading services and brokers keep flocking to the market, Markets.com acts as a role model for brokers who are trying to offer a good product with fair terms.
Markets.com is run by a company called Safecap that is quoted and traded on the London Stock Exchange. Safecap is a subsidiary of Playtech PLC, one of the leading game and software developers in the online gaming industry. Playtech is a company with a long history and hundreds of thousands of happy customers.
If that is not enough to convince you that Markets.com is a legit service and not a scam, they also have licenses from CySEC (Cyprus Securities and Exchange Commission) and FSB (South Africa’s Financial Service Board).
Additionally, Markets.com has an immaculate reputation and we have struggled to find negative reviews about them online. Most of the bad rep they’ve gotten is from users who are upset that they lost money and are now trying to blame it on Markets.com.
Markets.com Trading Platforms
One of our favorite aspects with Markets.com is the stability and accessibility that their trading platforms offer. It doesn’t matter what device you like to trade on since Markets.com’s products are available on anything from smartphones and tablets to computers and browsers.
Markets.com has also put a lot of effort into customizing their tools to be as user-friendly as possible. Nothing that Markets.com offers feel excessive since every tool and service fills a very specific purpose for their customers.
We want to emphasize that you can feel completely safe if you open a trading account with Markets.com. They will do everything they can to make sure that you have smooth trading experience without any issues. Needless to say, Markets.com is the first-hand forex broker choice for us at BullMarketz.com as well as thousands of other customers.
Use Markets.com On A Mobile Device
In today’s day and age, it is getting more and more common for individuals to handle their currency and CFD-trading on mobile devices. It did take a few years for the industry to adapt to this new technology, but nowadays there are quite a few good mobile trading platforms on the market.
Markets.com offers a dedicated trading app for Android, iOS (iPhone, iPad), and mobile Windows devices. It’s a practical app that allows you access to monitor all your on-going trades no matter where you are. The app can also be used for easier analytic work and trading signals.
Just like all other mobile trading apps, Markets.com’s MobileTrader is limited compared to both MetaTrader 4 and WebTrader. The problem is that technology is developing too quickly and companies like Markets.com have no chance of keeping up. Although, during the last two years more brokers have started focusing on mobile-friendliness and we are expecting to soon see trading apps that outperform regular desktop software.
Markets.com Trading Accounts
Unlike some other leading brokers, Markets.com has chosen not to offer several different trading accounts based on turnover, deposit amounts, and trading styles. Instead, they offer an extensive trading account and an unlimited Markets.com demo account.
Markets.com Finacial Instruments
In our opinion, Markets.com offers two of the most exciting and rewarding markets there is. Forex trading and CFD trading are widely popular around the world. In fact, the forex market is the single biggest market on the planet.
Forex – Markets.com offers access to over 50 unique currency pairs, and even though that might not sound like much, we guarantee that it is an impressive number. Compared to other forex brokers 50 currency pairs is a lot.
In addition to the currency pairs, Markets.com charges no fees and gives you super tight spreads on many of the world’s leading currencies and exchange rates. You also have the opportunity to use the leverage of 1:300. Leverage is a feature that gives you huge advantages since you only have to invest a fraction of the actually invested amount. Just be careful, leverage also adds to the risk and you might end up losing money that you never invested!
Have you still not tried currency trading? Then it is about time that you sign up and deposit some money with Markets.com.
CFD – CFD stands for Contract for Difference and it is a speculative form of investment where you bet your money on underlying market movements. Your task is to predict how the price of an underlying asset will move and then buy a contract (CFD) based on that prediction.
A good way of explaining CFD trading is that it works as a combination of futures and binary options. CFDs can also be traded on downward movements which naturally creates twice as many opportunities as other forms of trading. For example, stock trading only works on upward market movements.
Markets.com’s selection of CFDs is even more impressive than their selection of currency pairs. At the moment they offer more than 2,000 stocks and indices, as well as 15 of the most traded commodities. With a huge selection like that there is no doubt that you will find something that fits your preferences.
Cryptocurrencies – The latest addition to Markets.com’s selection of assets is cryptocurrencies. The 10 digital currencies can be traded as either currencies or CFDs. Bitcoin, Bitcoin Cash, and Ethereum, as well as smaller currencies such as Litecoin and Dash, can be traded at Markets.com.
No one is more excited about this than us. We have been interested in cryptocurrencies since Bitcoin was first launched, and the fact that our favorite broker now offers digital currencies is really a dream come true.
Markets.com License and Regulation
Markets.com is run by a financial service company called Safecap Investments LTD. They have a license from the Cyprus Securities and Exchange Commission (CySEC) who also regulates them. Markets.com’s license number is 092/08 and it gives them permission to offer their services to customers in most of Europe. They also have a license from the Financial Service Board (FSB) in South Africa under license 43906.
Note that Markets.com is limited in certain jurisdictions including the United States, Japan, Canada, and Belgium.
Markets.com Payment Methods
If you become as popular as Markets.com, you need to offer your customers practical solutions to all their problems. If a customer is not happy with the product or service he will turn to a competitor. To avoid this, Markets.com always makes sure to provide the best payment methods.
The following payment methods are available for most of Markets.com’s customers. Additionally, there are a few smaller local options depending on where you live.
- Credit & debit card (Mastercard, Visa, Diners, etc.)
- Wire Transfer from your bank to your trading account
- Prioritized bank transfer for a small fee
- PayPal is the world’s biggest online payment service
- Skrill is one of the biggest online payment services on the market
- Neteller is also a leading payment service online
Contact Market.com’s Customer Service
The Markets.com customer service is available in 20 different languages and they have been awarded several prizes for their great service. We have been in contact with them on a few different occasions and have always been very pleased with the help we’ve received.
You can contact Markets.com through the following channels:
- Phone – Their phone support is open 5 days a week and they have a list of local phone numbers on their website.
- Live chat – Support through chat is available on their site and it is open all day and night.
- Email – You can contact Markets.com by emailing them. Note that this service is not available on weekends and holidays so depending on when you write them, you might have to wait a few days to get an answer.
- Post/Fax – It is also possible to send a letter or fax to Markets.com.
For minor issues, we recommend that you first take a look at their comprehensive FAQ, where they have answered the most common questions. The FAQ section has a practical search function that makes it easy to find what you’re looking for.