Markets.com is one of the most popular CFD and Forex brokerage services in the world today. Licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), Markets.com offers traders a solid, easy to use platform for executing Forex and CFD trades. Markets.com is also the winner of two rather prestigious customer service awards. This brief review will seek to explore the platform, assets, and customer service offered by Markets.com in order to help traders who are considering it as a brokerage service make an informed decision about it.
Unlike many Forex and CFD brokers, Markets.com does not restrict itself to one trading platform. In fact, it offers a proprietary web and mobile platform, WebTrader, and MetaTrader 4 to traders. This is a very useful feature, as MetaTrader and WebTrader are common platforms in the Forex industry, meaning that Markets.com has ubiquitous platforms to offer traders who are more used to trading on another website. The proprietary web and mobile platform unique to Markets.com, however, are still quite easy to use and offer a great deal of versatility.
Beyond the standard currency pairs that are offered through the Forex trading system, Markets.com offers stocks, commodities, indices, and even bonds as CFDs. This diversity of assets allows traders who come from a wide range of different trading backgrounds to profit through Markets.com. On CFDs, a leverage of up 100:1 helps traders to turn respectable profits without investing an unreasonable sum of money. In the Forex market, which runs primarily on very small price movements, a 200:1 leverage is given. Unlike some brokers, no minimum trade price is set. Instead, the minimum trade on an asset is determined according to trade volume, with 0.01 lot being the lowest legitimate trading volume. Small trading requirements combined with high leverage make Markets.com an excellent option for new traders who want to get their feet wet in the world of CFDs or Forex trading without investing an unreasonable amount of capital.
Like most Forex brokers, Markets.com makes its money by applying a built in spread to every trade that is executed. Some traders have complained that the standard spreads of 3 pips are a bit high – and Markets.com responded by lowering their spreads to some of the best in the industry – with spreads for major currency pairs as low as 2 pips, and lowered spreads for stocks and commodities, as well.
As was mentioned in the introduction, Markets.com has been recognized for having some of the best customer service in the trading industry. In 2012, the brokerage service won both the “Best Customer Service” award at the London Forex investor show and the “Best Broker in Customer Service Europe” award from the Global Banking & Finance Review. Markets.com offers customer service by phone in 36 different countries, as well as email support and live chat. The company employs trained service professionals that can easily handle common questions and concerns from traders.
In addition to an excellent customer service team, Markets.com offers a good selection of educational resources for traders. The company’s website includes lessons on graphic analysis, finding trends, and timing trades. In addition to these tutorials, daily market analysis and a full range of real time pricing charts are made available to give traders the best and most up to date market information.
Deposits and Withdrawals
Deposits and withdrawals to and from a Markets.com trading account may be made via credit card, wire transfer, or WebMoney transaction. A minimum amount of £100 is required for deposits, but no minimum is required for withdrawals. No fees are charged for funding or withdrawing profits from a trading account at any time.
Upon registering, a $25 credit is given to a new account holder, regardless of account size. When the account is funded, a bonus of up to £2,000 can be provided to the trader, Markets.com also offers a refer a friend bonus program. In this program, a trader who refers a friend can receive an account credit of up to £400 when the new account is funded.
With a low trading minimum and high leverage, Markets.com is a solid option for traders who want to begin trading with a low initial investment. As you can read from our markets review, the forex broker is excellent option both for savvy- and new traders. A wide range of assets and social trading options allow traders to execute trades in many different styles. Given the many trading options available, the excellent customer service, the competitive spreads, and the educational tools that Markets.com provides to its traders, all in all, Markets.com is a very good option for both new and experienced traders.