Markets.com – A Review of Our Favorite Currency Broker

(You invest on your own risk)

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. We are about to start this Markets.com review so buckle up and enjoy the ride.

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.

Market.com’s main trading platform is the renowned MetaTrader 4. The platform was not developed by Markets.com but is offered by a third party company. This means that Markets.com is not the only broker associated with MT4. In fact, MetaTrader 4 is so popular among currency traders that we are expecting that it will soon be considered industry standard. Today, there are more leading brokers that use MetaTrader 4 than there are brokers with exclusive software.

In addition to the MetaTrader 4 platform, Markets.com also offers a no download platform called the WebTrader. The WebTrader platform is a simpler version of the MT4 and has limited features compared to the desktop software. However, the platform is easy to use and according to Markets.com it is compatible with all browsers and operating systems. We have tested it on Google Chrome, Firefox, and Safari on both PC and Mac, and can confirm that it works.

In addition, Markets.com also offers several analytic tools that help make it easier for you to develop strategies and make well-informed decisions about your investments. Head over to Markets.com if you want to learn more about MetaTrader or any of the other tools.

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.

Demo Account
A demo account is sometimes called a practice account, and it is exactly what it sounds like. It is an unlimited trading account that offers you the possibility to develop strategies and test trading techniques with virtual money. With a Markets.com demo account, you can trade currencies and CFD on Markets.com’s regular platform without risking your own money.

Also, demo accounts are not only for beginners – experienced traders like ourselves use them all the time. Trading in a risk-free environment allows you to take more risk and try new assets. Because of this, we always recommend a demo account to everyone who is serious about their trading. You have nothing to lose, literally!

Virtual money – $10,000

Create a Demo Account
Regular Trading Account
With a Markets.com trading account, you get access to all the tools and services across all the platforms. There are several features to help you analyze the market and set your own trading signals. You can also create your trading robot and trade automatically based on predetermined settings.

Today, Markets.com is not offering any bonuses or offers, and they don’t have a VIP-account. However, they are usually eager to treat loyal customers with exclusive deals and events. If you feel like you’ve spent a little extra lately, you can contact their customer service and ask if they have anything to offer you. Who knows, maybe you’ll be treated to something really nice!

Create a Real 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. 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. The Cyprus Securities and Exchange Commission (CySEC) is hard to obtain for brokers today so the fact that Markets.com has this license is proof that the broker can be trusted. And to add to this, Markets.com has a good reputation online and among its traders.

Please 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.

Payment methods:

  • 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.

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