- High forex fees
- Limited product portfolio
- Platforms lack some common features
Markets.com is a global CFD and forex broker regulated by Australia’s ASIC, CySEC in Cyprus, and South Africa’s FSCA, among others.
Markets.com’s deposit and withdrawal services are fast and free, and you can use multiple options including credit/debit cards and electronic wallets. Account opening is also fast and user-friendly. Markets.com offers high-quality research tools such as trading ideas and a good interactive chart.
On the negative side, Markets.com has high CFD fees, and its product selection is limited to CFDs and forex. The web and mobile trading platforms, while generally user-friendly, lack some useful features like two-step authentication.
Markets.com Feature
Regulation | CySEC, FCA, ASIC, FSCA, FSC, FSA |
Account Types | Classic, Pro Accounts |
Trading Platforms | Markets.com Web, MT4, MT5, TradingView, Markets.com Social Trade App |
Trading Instruments | Forex, CFDs, Commodities, Cryptocurrencies, Bonds, Shares, Indices, ETFs |
Minimum Deposit | $100 |
Average EUR/USD Spread | 1 pip |
Demo Account | Available |
Account Base Currencies | USD, ZAR, GBP, EUR |
Trading Education | Professional knowledge center and research materials including live news, analysis, webinars, etc. |
Customer Support | 24/5 |
Fees
We compared Markets.com’s fees with two similar brokers we selected, Capital.com and eToro. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of Markets.com alternatives.
Average forex CFD fees
All fees are built into the spread, so there is no separate commission charged. For example, the EUR/USD spread is 1.3.
Average index CFD fees
All index CFD fees are built into the spread. For example, the spread for S&P 500 index CFDs is 1.3.
High stock CFD fees
All stock CFD fees are built into the spread. The spread for Apple stock CFDs, for example, is 1.3.
Average inactivity fee, no withdrawal fee
There are no account, deposit or withdrawal fees.
On the other hand, Markets.com charges an inactivity fee of $10 per month already after 3 months of inactivity.
Safety
Deposit and withdrawal
Markets.com offers a variety of payment options to accommodate traders worldwide. Deposits are typically processed quickly, while withdrawal times can vary depending on the chosen payment method.
However, the availability of payment methods may differ based on the trader’s location and the regulatory entity governing the account. Credit/Debit Cards,Bank Wire, PayPal, Skrill, Neteller, and more
Trading Platforms and Tools
Markets.com offers a variety of trading platforms suitable for different preferences and needs. The Markets.com Web platform provides a user-friendly interface with a wide range of fundamental, technical, and sentiment-based trading tools as well as expert analysis. For traders who prefer more robust and widely recognized platforms, Markets.com also supports MT4 and MT5, both of which are known for their extensive range of technical analysis tools, automated trading capabilities, and user customization options.
Additionally, the broker integrates TradingView, a popular charting platform that offers advanced technical analysis and social trading features. For those interested in social trading, the Markets.com Social Trade App enables traders to follow, copy, and interact with other successful traders, fostering a collaborative trading experience. This diverse range of platforms ensures that traders have the tools they need.
Web Platform
The Markets.com Web platform features market-leading analysis tools, including Analyst Recommendations and Insiders, offering valuable insights to help traders make informed decisions. Traders can also benefit from expert tips and guidance through XRay, with several live shows each day providing market analysis and strategies.
The platform keeps traders up-to-date with real-time news and market-moving updates through a live stream, ensuring they stay ahead of market trends. Additionally, the platform integrates pro-level charting tools powered by TradingView, providing advanced technical analysis and a customizable interface for traders at all experience levels. This combination of features makes the Markets.com Web platform a powerful choice for those seeking an all-in-one trading solution.
MetaTrader 4 Platform
The desktop MT4 platform is a popular choice for traders seeking a customizable trading environment. Known for its user-friendly interface and extensive range of features, MT4 allows traders to execute trades with precision and speed.
The platform offers a range of intuitive charts, technical indicators, and automated trading capabilities through Expert Advisors, allowing users to set up and run custom trading strategies. With a wide array of order types, real-time price updates, and a rich selection of analytical tools, the platform is designed to meet the needs of traders.
MetaTrader 5 Platform
The desktop MetaTrader 5 offers enhanced trade management and a broader selection of assets, making it an ideal choice for traders who want advanced features and flexibility. In addition to the capabilities of MT4, MT5 introduces more timeframes, order types, and an integrated economic calendar, offering traders improved tools for strategic planning and execution.
The platform’s advanced charting, technical analysis tools, and additional indicators help users make more informed decisions. Traders can access a wider range of markets, providing opportunities for diversified trading strategies. MT5’s efficient trade management, faster execution speed, and improved user interface make it a comprehensive platform for traders of all levels.
MobileTrader App
Markets.com provides traders with access to the mobile version of its proprietary platform, ensuring seamless trading on the go. With the app, users can execute trades, access diverse charting tools, and monitor their portfolios from anywhere.
Additionally, the Markets.com Social Trade App offers a unique feature for social trading, allowing users to follow top traders’ strategies and gain insights into their trading decisions.
Trading Instruments
Markets.com offers access to over 2,200 trading assets, including Forex, CFDs, Commodities, Cryptocurrencies, Bonds, Shares, Indices, and ETFs, with leverage ratios of up to 1:500.
The trading instruments include both common offerings among brokers and unique ones. There are several advantages to trading Shares through Markets.com, including access to over 12 major markets with zero commission.
Forex trading includes major, minor, and exotic currency pairs, with more than 60 pairs available, all with spreads only.
Additionally, the specific selection of assets can vary depending on the regulatory entity under which the account is registered, which may impact the overall diversity available to traders.
Markets.com offers a popular selection of tradable assets, including cryptocurrencies like Bitcoin, Ethereum, and Ripple. Its range is good overall, yet may not be as extensive as some competitors that offer thousands of different products. The broker does not provide instruments like options or real futures, which may limit traders seeking more specialized or advanced financial products.
Leverage Options
Markets.com offers marginal trading, meaning that you can trade through a multiplied amount of your initial deposit and operate larger positions. This tool gives a great advantage as it increases your potential gains, however, traders should understand the multiplier and be aware of the risks when using it.
Customer Support
Markets.com offers reliable 24/5 customer support, available through various channels including live chat, email, and phone. The support team is responsive and knowledgeable, ready to assist with inquiries related to account management, technical issues, and trading.
Additionally, the support service is available in multiple languages, including English, Thai, Vietnamese, Spanish, Arabic, Italian, and Greek, ensuring that traders from different regions can easily access help. Also, Markets.com provides a Help Centre, and FAQ section, allowing users to resolve common issues on their own. While the quality of support is generally praised, response times may vary based on the volume of inquiries, with live chat often being the quickest option for immediate assistance.
Education
Markets.com offers a comprehensive learning suite designed to empower traders with professional knowledge and market insights. The platform features a Professional Knowledge Center, which includes an array of research materials, live news, and detailed market analysis to support informed decision-making.
Additionally, traders can benefit from interactive webinars conducted by market experts, covering a wide range of trading topics and strategies. These resources cater to traders of all experience levels, offering practical insights and the latest market developments to enhance their trading expertise and confidence.
Minimum Deposit
$100
24/5 Multilingual support |1:500 Max leverage