In this review of Markets.com, we are going to tell you about the fees, account opening process, pros & cons, and a lot more about the broker.
What is Market.com?
Market.com is a CFD & forex broker, which was founded in 2008. It is regulated by the top financial institutions like, CySEC & FCA.
Markets.com is subdivided into two parts to provide brokerage services. One is the Marketsi program which helps in share trading and investing. Second is the Marketsx platform which is used for CFD trading.
In this review we’re focusing on the Marketsx platform and will briefly talk about the same.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Account opening at Markets.com is completely simple & digital. You can have your trading account ready within a day.
What is the minimum deposit at Markets.com?
The required minimum deposit at Markets.com is €/£/$250.
Markets.com does not provide a separate account type. There is only one account type where you can trade all the asset types. When you open an account both Marketsx & Marketsi is available. You can start trading with the one as per your requirements.
Markets.com has average trading and inactivity fees.
Markets.com fee snapshot
|S&P 500 CFD||The fees are built into the spread, 4 points is the average spread cost during peak trading hours.|
|Europe 50 CFD||The fees are built into the spread, 1.6 points is the average spread cost during peak trading hours.|
|EURUSD||The fees are built into the spread, 0.4 pips is the average spread cost during peak trading hours.|
|Inactivity fee||$10 per month after 3 months of inactivity|
Markets.com CFD fees for a $2,000 long position held for one week
|S&P 500 index CFD fee||$3.3|
|Europe 50 index CFD fee||$1.9|
|Apple CFD fee||$12.6|
|Vodafone CFD fee||$34.2|
Markets.com forex benchmark fees of a $20,000 held for one week
|EURUSD benchmark fee||$10.4|
|GBPUSD benchmark fee||$11.4|
|AUDUSD benchmark fee||$12.7|
|EURCHF benchmark fee||$1.8|
|EURGBP benchmark fee||$13.0|
Real Stock Fees
Markets.com real stock fees
|Market||Base Fee||Minimum Fee|
|France, Germany, Spain||0.1%||€10|
|United States||$0.02 per share||$15|
Similar Trading Site
Markets.com trading platforms are easy to use and have good navigation features. You can even set price alerts on web trading platform.
Markets.com trading platform
|Marketsx||Marketsi||MetaTrader4 and 5|
|Own-developed or a third-party platform||Own-developed||Third-party: Saxo Bank’s TraderGO||Third party|
|Available products||CFD and forex||Real stocks||CFD and forex|
|Web platform available||Yes||No||Yes|
|Mobile platform available||Yes||No||Yes|
|Desktop platform available||No||No||Yes|
Markets.com web platform is available in 9 languages. It has its mobile trading platform for iOS and Android both. Markets.com mobile platform is available in 16 languages.
Markets.com does not have its own desktop platform. Desktop is provided by MetaTrader4 which has good customizability and provides a clear fee report.
MetaTader platform allows only trade in CFDs, hence you can not trade forex on desktop.
Markets.com portfolio covers CFDs, forex & real stocks. It does not trade in assets like ETFs, options & futures.
Markets.com product selection
|Currency pairs (#)||67|
|Stock index CFDs (#)||42|
|Stock CFDs (#)||2,000|
|ETF CFDs (#)||59|
|Commodity CFDs (#)||26|
|Bond CFDs (#)||4|
Research & Education
Markets.com provides various research tools, involving charts, data bars, news and API. Tools poorly organised here. Markets.com provides fundamental information on its tools namely ‘Economic Analysis’ and ‘Market Pulse’.
It provides a range of educational tools :
- Demo Account
- Educational videos
- Tutorial videos
- Text PDF
Though material is good but it is poorly organised. Beginners can enjoy learning through quality videos, but they get confused as it is difficult to track what syllabus is complete and what to do next.
The drawback here is that the education and research material is not properly organized.
You can connect Markets.com via:
- Live Chat
You will get a quick and relevant answer on the phone, email usually takes 1 business day to give an answer. But, the customer support is available only 24/5. It is not available on weekends.
|Easy and fast account opening||Platforms lack important features|
|Low minimum deposit||Limited product portfolio|
|Credit/Debit card available||No two-step (safer) login|
|User-friendly||No support on weekends|
|Trading ideas||Does not hold a banking license|
Similar Trading Site
Is Markets.com Safe?
Markets.com is considered safe as it is regulated by top financial institutions & protects its customers under the SIPC scheme.
Markets.com investor protection
|Country of clients||Protection Amount||Regulator||Legal Entity|
|EU plus Switzerland, Norway, and Iceland||€20,000||Cyprus Securities and Exchange Commission (CySEC)||Safecap Investments Ltd|
|UK||£85,000||Financial Conduct Authority (FCA)||Finalto Trading Limited|
|Australia||No protection||Australian Securities and Investments Commission (ASIC)||Finalto (Australia) Pty Ltd|
|Africa||No protection||Financial Sector Conduct Authority (FSCA)||Finalto (South AFrica) Pty Limited|
|Rest of the world||No protection||BVI Financial Services Commission (FSC)||TradeTech Markets (BVI) Pty Limited|
Markets.com is more useful if you want to trade in CFDs.
Account opening process is simple & fast, has great research & education tools. Regulated by top institutes.
It charges high trading fees, provides assets belonging to the US market only. Lack assets like ETFs, futures & options.
In conclusion, Markets.com is a good platform, account opening is simple and does not have any inactivity fee. Hence, feel free to try.
Is there a fee for inactive/dormant accounts?
Yes, any trading account held with our company into which the client has not placed a trade for a period of 90 days or more, is classified as an Inactive Account.
Such accounts are subject to a monthly charge of 10 USD, relating to their maintenance and administration. If there is no available balance in your registration, no fee will be deducted.
How to switch between Real and Demo mode of my account?
To switch accounts click on the Menu located at the top right corner of Markets.com platform and select the last option from the drop down ‘Switch to Demo/or Real’.
If on the mobile app:
Click on the three lined menu at the top right corner of your screen and then click on the Switch to Demo/Switch to Real tab.
What is the minimum amount for a withdrawal?
The minimum withdrawal amount for the supported payment methods are listed below:
Credit/Debit card: minimum 10 USD/EUR/GBP
Wire Transfer: minimum 100 USD/EUR/GBP and 20 EUR within EU
Skrill/Neteller: minimum 5 USD/EUR/GBP
Are my funds at risk in case of Insolvency/Bankruptcy?
All client funds are held in segregated bank accounts, to ensure maximum funds protection. For more information, please check our Regulation & Legal pack located at the footer of our page.
- Credit/Debit card available
- Trading ideas
- No two-step (safer) login
- No support on weekends