Markets.com Review

By | March 15, 2021

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.

Markets.com

Account Opening 

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.

Account Type

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.

Fees

Markets.com has average trading and inactivity fees. 

Markets.com fee snapshot 

Assets Fee Terms
S&P 500 CFDThe fees are built into the spread, 4 points is the average spread cost during peak trading hours.
Europe 50 CFDThe fees are built into the spread, 1.6 points is the average spread cost during peak trading hours.
EURUSDThe 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

CFD Fees

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

Forex Fees

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, Spain0.1%€10
United Kingdom0.1%£8
United States$0.02 per share$15
Australia0.1%AUD10 
Markets.com

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Trading Platform 

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

MarketsxMarketsiMetaTrader4 and 5 
Own-developed or a third-party platformOwn-developedThird-party: Saxo Bank’s TraderGOThird party
Available productsCFD and forexReal stocksCFD and forex
Web platform availableYes NoYes 
Mobile platform availableYes No Yes
Desktop platform availableNo 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.

Products Offered

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
Cryptos (#)6
Markets.com

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 :

  1. Webinars
  2. Demo Account
  3. Educational videos
  4. Tutorial videos
  5. eBooks 
  6. 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.

Customer Support 

You can connect Markets.com via:

  • Telephone
  • Email
  • 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.

ProsCons
Easy and fast account openingPlatforms lack important features
Low minimum depositLimited product portfolio
Credit/Debit card availableNo two-step (safer) login
User-friendlyNo support on weekends
Trading ideasDoes not hold a banking license
Markets.com

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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 AmountRegulatorLegal Entity
EU plus Switzerland, Norway, and Iceland €20,000Cyprus Securities and Exchange Commission (CySEC)Safecap Investments Ltd
UK£85,000Financial Conduct Authority (FCA)Finalto Trading Limited
AustraliaNo protectionAustralian Securities and Investments Commission (ASIC)Finalto (Australia) Pty Ltd
AfricaNo protectionFinancial Sector Conduct Authority (FSCA)Finalto (South AFrica) Pty Limited
Rest of the worldNo protectionBVI Financial Services Commission (FSC)TradeTech Markets (BVI) Pty Limited

The Verdict 

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. 


FAQ’s

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.

Markets.com Review

9.4

Fees

9.3/10

Products Offered

9.4/10

Trading Platform

9.4/10

Regulation

9.3/10

Pros

  • Credit/Debit card available
  • Trading ideas

Cons

  • No two-step (safer) login
  • No support on weekends

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