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Markets.com was founded in 2008 with a view to offering seamless trading and investment services in the financial markets all over the world. The company is owned by TradeTech Markets (BVI) Limited. The broker is regulated by the British Virgin Islands Financial Services Commission (FSC) and the UK Financial Conduct Authority (FCA). Customers’ funds are held in segregated bank accounts. In addition, the broker offers investors a compensation of up to EUR 20,000 and negative balance protection.
Markets.com is a leading brokerage firm that offers excellent service and provides access to a wide range of trading instruments. Customer support is available in more than 20 languages. Notably, the citizens of Belgium, the US, Canada, and Australia cannot open an account with this broker.
Trading conditions
Markets.com offers its clients access to trading currency pairs, indices, stocks, commodities, bonds, ETFs, and cryptocurrencies.
There is only one standard type of account available at Markets.com. A minimum deposit of $100 is required to open an account. The maximum leverage is 1:100. The broker guarantees low spreads regardless of market volatility, offering competitive and stable prices.
Novice traders can try their hand at trading on a free demo account. There is a special Knowledge Centre section on the company’s website devoted to education.
Trading platforms
With Markets.com, clients can choose from a wide range of trading platforms, including well-known MetaTrader4 and MetaTrader5. Besides, traders can opt for the company’s own proprietary platform Marketsx. This is a multi-asset platform which is also available as a mobile app.
Customer support
The customer support centre is available round the clock from 10pm on Sunday to 9pm on Friday, UK time. You can reach the support service via phone or a live chat. There is also a callback form available on the website. The customer support team speaks English, Spanish, and Italian.
Deposit and withdrawal of funds
Markets.com offers its customers rather limited methods of payment. With this broker, you can deposit or withdraw money only through bank cards, wire transfers, or WebMoney.
Traders’ feedback
Markets.com is a broker with a solid reputation. Traders’ reviews found on the Internet are mostly positive. Traders note they have no difficulty in withdrawing funds. Besides, the company offers negative balance protection and has relatively low initial deposit requirements. However, some traders accuse the broker of fraudulent actions. For example, some of them complained that they had fallen for the trick of the managers who insisted on depositing more funds and then drained the account.
Advantages and disadvantages
Advantages:
- regulated broker
- affordable minimum deposit
- wide array of trading instruments
- demo account available
- user-friendly trading platforms
- negative balance protection
Disadvantages:
- limited ways of deposit/withdrawal of funds
- no bonus programs or promo campaigns
- negative reviews
Conclusion
Today Markets.com is one of the fastest-growing Forex and CFD brokers. The company takes pride in its extensive choice of trading instruments and flexible trading conditions. The broker offers its customers an easy-to-use trading platform and is known for its transparency in the CFD market. Of course, contrasting reviews may confuse new clients who are just considering cooperation with this company. From our side, we can advise you to make an informed decision and rely not only on trading conditions, but also on information about regulators, protection of client funds, and the broker's reputation on the Internet.
