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Thanks to its web-based MarketsX platform, Markets.com is easy to use and new trader friendly. However, Markets.com is pricey and lacks the feature-rich trading tools required to compete with the best trading platforms.
Top Takeaways for 2020
After spending five months testing 30 of the best forex brokers for our 4th Annual Review, here are our top findings on Markets.com:
- Founded in 1999, Markets.com is a subsidiary of a UK publicly-listed company (LSE: PTEC). Markets.com is regulated in two tier-1 jurisdictions, making it a safe broker (low-risk) for forex and CFDs trading.
- Markets.com’s MarketsX platform is cleanly designed, easy to use, and includes a respectable offering of features, including integrated research, market analysis, webinars, and educational videos. That said, there is a lack of depth with trading tools to compete with platform leaders such as IG and Saxo Bank.
- Spreads on forex pairs are wide (expensive) compared to pricing leaders such as CMC Markets and IG.
|Offering of Investments||4 Stars|
|Commissions & Fees||4 Stars|
|Platform & Tools||4 Stars|
|Mobile Trading||4 Stars|
|Customer Service||.1 Stars|
Is Markets.com Safe?
Markets.com is considered low-risk, with an overall Trust Score of 97 out of 99. Markets.com is publicly traded, does not operate a bank, and is authorised by two tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). Markets.com is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA). Learn more about Trust Score.
|Publicly Traded (Listed)||Yes|
Offering of Investments
Overall, compared to the Markets.com Metatrader offering, the MarketsX platform offering would be my choice because of its lower comparable spreads and access to a more significant number of tradeable instruments (57 forex pairs and 2,179 CFDs).
The following table summarizes the different investment products available to Markets.com clients.
|Forex: Spot Trading||Yes|
|Currency Pairs (Total Forex pairs)||57|
|CFDs – Total Offered||2179|
|Social Trading / Copy-Trading||Yes|
|Cryptocurrency traded as actual||No|
|Cryptocurrency traded as CFD||Yes|
Commissions & Fees
Assessing Markets.com for trading costs is tricky. All in all, our bottom line assessment is that Markets.com is expensive and far from being competitive with industry leaders CMC Markets and IG.
MarketsX: Markets.com offers a premium account called MarketsX for traders who deposit at least $250, where spreads are comparably lower than its primary account offering and with added platform benefits.
Variable spreads: In terms of trading costs, spreads at Markets.com changed from being fixed to variable on its forex pairs, bringing the broker in line with most multi-asset brokers that offer variable spreads. That said, the minimum listed spreads are still comparably higher, and I was unable to make an adequate comparison given the lack of average spread data published by the broker.
MetaTrader accounts: It’s also worth noting that spreads are generally tighter on the company’s proprietary Web Trader platform, compared to its third-party trading platforms offered, including MT4 and MT5, where the product range is not as extensive.
Average spreads: The firm advertises spreads as low as 1.9 pips on the EUR/USD, and 3.0 pips on its MT4 offering, which are more expensive when compared to other firms with variable (floating) spreads. Summary aside, we would like to see Markets.com share average spread data for its new variable spread offering, to help make a level comparison with other brokers with variable spreads.
|Minimum Initial Deposit||$100|
|Average Spread EUR/USD – Standard||1.9 (as of Oct 19)|
|All-in Cost EUR/USD – Active||1.9 (as of May 19)|
|Active Trader or VIP Discounts||Yes|
Platforms & Tools
Markets.com offers its flagship trading platform, MarketsX, as well as the full MetaTrader suite.
MarketsX charting: In terms of charting in MarketsX, there are nearly 90 indicators available for technical analysis – which is more than the industry average. That said, only four drawing tools are available.
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MarketsX usability: Web Trader is very easy to use. Throughout the platform, Markets.com has emphasized providing traders a smooth user experience. For example, alongside pre-defined screeners, module linking is enabled by default.
MetaTrader: Markets.com also offers MetaTrader4 (MT4) and MetaTrader5 (MT5) for algorithmic traders, although pricing is higher compared to its flagship platform.
Overall, Markets.com has a good foundation for research. However, there remains room for further improvement as the broker trails industry leaders IG and Saxo Bank. For example, adding content from in-house analysts, a heatmap tool, or forex news videos would improve Markets.com’s research offering.
Third-party research: Research from third-parties includes TipRanks and pattern recognition from Delkos.
Integrated tools: I enjoyed exploring the modules under the Sentiment tab, including the Insider Trades, Analyst Recommendations, Bloggers Opinion, and the Hedge Fund Confidence section. The Fundamental section was also rich with tools, including the Events & Trade section, which contains useful event-related analysis, alongside financial news and market commentary.
Reports: Another highlight is that Markets.com provides detailed research reports for many of its single-share CFDs.
Education: Markets.com also does an excellent job integrating live webinars into its trading platform as part of its XRay offering and educational video content from Recognia.
Besides the MT4 native app available for mobile, Markets.com also offers its proprietary mobile app as a counterpart to the MarketsX web-based platform. Like MT4 mobile, the Markets.com app is available for Android and iOS devices.
Pros: The Markets.com mobile app combines many features found in the flagship platform, keeping a consistent look and feel across both platforms, with nearly all features available. For example, I was pleased to see most of the research resources from the web version integrated into the mobile app under the trading tools tab.
Cons: While the Markets.com mobile experience is respectable, the charting tool lacks drawing tools and indicators, which leaves a notable gap in the mobile offering. Also, watch lists don’t sync across platforms.
Thanks to its MarketsX platform, Markets.com provides a decent balance of simplicity and functionality. That said, Markets.com research tools are respectable but still trail industry leaders. And while spreads have improved, Markets.com remains expensive, especially on its MetaTrader offering. All in all, Markets.com finished Best in Class across three categories in 2020, including Ease of Use, Beginners, and Trust Score, which are key areas where it stands out against peers.
Markets.com’s parent company, Playtech, has been listed on the London Stock Exchange (LSE) since 2020 under ticker symbol PTEC and is part of the FTSE 250 Index. As of June 2020, the company boasts a market capitalization of over £1.2 billion and holds £304m in cash on its balance sheet.
Playtech develops gambling, casino, and financial trading technology that powers its brands’ products, including those of Markets.com. The broker serves forex and CFD traders through its proprietary and third-party trading platforms under the Markets.com brand. Read more on Wikipedia about Markets.com.
Markets.com Trading Features
|Virtual Trading (Demo)||Yes|
|Desktop Platform (Windows)||Yes|
|Social Trading / Copy-Trading||Yes|
|MetaTrader 4 (MT4)||Yes|
|MetaTrader 5 (MT5)||Yes|
|Charting – Indicators / Studies (Total)||51|
|Charting – Drawing Tools (Total)||31|
|Charting – Trade From Chart||Yes|
|Watchlists – Total Fields||7|
|Order Type – Trailing Stop||Yes|
Markets.com Research Features
|Daily Market Commentary||Yes|
|Forex News (Top-Tier Sources)||Yes|
|Trading Central (Recognia)||No|
|Social Sentiment – Currency Pairs||Yes|
Markets.com Mobile App Features
|Apple iOS App||Yes|
|Trading – Forex||Yes|
|Trading – CFDs||Yes|
|Alerts – Basic Fields||Yes|
|Watch List Syncing||Yes|
|Charting – Indicators / Studies||30|
|Charting – Draw Trend Lines||Yes|
|Charting – Trend Lines Moveable||No|
|Charting – Multiple Time Frames||Yes|
|Charting – Drawings Autosave||No|
2020 Review Methodology
For our 2020 Forex Broker Review we assessed, rated, and ranked 30 international forex brokers over a five month time period. Each broker was graded on 105 different variables and, in total, over 50,000 words of research were produced.
While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.
All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than 1% each year, providing site visitors quality data they can trust. Learn more about how we test.
Forex Risk Disclaimer
“There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.” Learn more.
MARKETSX Review – What to expect from the broker
Markets.com decided to re-brand and changed its name to MARKETSX. Today, we will cover everything this new re-branded company has to offer.
MARKETSX is a CFD Broker and spread betting provider that features on its upgraded trading platform CFDs on Currencies, Shares, Indices, Commodities, Bonds, ETFs, Blends, and Ipos. The Markets group is regulated in the UK by the FCA, in Cyprus by the CySEC, in Africa by the FSCA, in Australia by the ASIC and in the British Virgin Islands by the FSC. The minimum spread is for EUR/USD 0.5 pips*, real trading is possible with a minimum deposit of $100. The MARKETSX website is available in English, German, Spanish, French, Portuguese, Dutch, Italian, Danish, Arabic.
What do we cover in our MARKETSX Review?
|General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.|
Basic information about the broker
- Website address:www.MARKETSX.com
- Instruments: CFDs – Currencies, Shares, Indices, Commodities, Bonds, ETFs, Blends, and Ipos
- Minimum deposit: $100 (accounts held in USD/EUR/GBP/DKK/NOK/SEK/PLN/CZK/AED)
- Demo account: Yes, free of charge
- Methods of deposit and withdrawal: Wire Transfer, Skrill, Neteller, Paypal, Credit and debit cards (Visa/MasterCard)
- Additional payment methods include: Fast Bank Transfers (Envoy/WorldPay), Ideal, Sofort, Giropay,Multibanco. (availeble only in certain countries)
MARKETSX Trading Platform
MARKETSX provides to its traders’ access to its own in-house built platform. The trading platform features a sophisticated system for both fundamental and technical analysis. For fundamental analysis, one can use the insights tab where are displayed all planned news events for the selected asset (screenshot no 1). For each event, it is possible to set a reminder which will inform you via an email before the news goes public.
For technical analysis, traders can use around 50 customizable indicators, various charting tools including trending, vertical, horizontal lines, measurement tools and a screenshot function. In total, there are 10 different time frames to choose from ranging from 1 minute to 1 month.
How to use the MARKETSX platform
1# STEP – To switch between the demo and real account, use the switch button in the left bottom tab
2# STEP – To search for an asset you want to trade, use the search form in the top left corner.
3# STEP – To find out more information (spreads, leverage, overnight funding, technical and fundamental analysis etc.), click the information icon next to your selected asset.
Once you click for more information, a new window will appear.
1# STEP – Check what spread MARKETSX charges on your asset (The difference between ask and bid price). In our case, the spread for the EUR/USD pair is 0.4 pips*.
2# STEP – If you want to stay in your trade overnight, check overnight funding fees. For buy position, the fee is in our case -0.016% and for sell position -0.0068%.*
Information about the spread and overnight fees was taken on 02.12.2020 at 20:40 GMT.
Available assets on the MARKETSX trading platform
MARKETSX features on its platform over 2 200 trading assets (CFDs), they cover these 8 asset classes: Currencies, Shares, Indices, Commodities, Bonds, ETFs, Blends, and Ipos.
- Currencies: The platform provides access to 67 forex pairs that consist of major currency pairs like EUR/USD and GBP/USD as well as minor and exotic pairs.
- Shares: There are over 1 000 shares from all corners of the world. We can find on the platform shares from the US, Australia, Europe as well as from Asia. Shares are possible to sort out by the company’s base location (country) as well as by various sectors (financial, energy, basic materials etc.)
- Indices: The platform features around 40 indices which include popular indices like the Germany 50, UK 100 or USA 500.
- Commodities: Crude Oil, Gold, Platinum, Coffee, Rice and other 20 popular commodities are available on the MARKETSX platform for trading. They cover different types of commodities including: energies, base and precious metals as well as soft commodities.
- Bonds: There are 5 Bonds on which you can speculate. 4 of them are governmental (GER 10Y Bond, US TBond 30Y, US TNote 10Y) and one of the available funds is – Gilt 10Y Bond (Luxurious Designer Label).
- Etfs: The platforms features 52 exchange-traded funds (ETFs), among the most popular titles we can find the SPY fund (SPDR S&P 500 ETF) and XLF (Financial Select Sector SPDR Fund).
- Blends: There 19 tradable Blends (Blends are CFDs which are organized by a common theme e.g. Cannabis Blend, CryptoBlend, Brexit Winners Blend, Trade War Losers Blend),
- Ipos: No offerings available at the moment,
Sorting out shares by sectors
MARKETSX Fees (Spreads)
As any other CFD broker, MARKETSX charges a spread fee. For the most current spread charges, please visit the Markets.com website. Here is a spread comparison table that contrasts MARKETSX spreads with popular industry competitors.
*Spreads recorded on 02.12.2020 at 23:15 GMT. Spread charges were taken from the website of the broker. **Spreads recorded on 26.09.2020 at 11:26 GMT from the trading platform of the broker.
HYCM (Europe) Ltd is authorized and regulated under the Cyprus Securities and Exchange Commission under license number 259/14.
Henyep Capital Markets (UK) Limited is authorized and regulated under the Financial Conduct Authority with reference number 186171.
MARKETS.COM, operated by Tradetech Markets (Australia) Pty Limited is authorized and regulated under the Australian Securities and Investments Commission under reference number 424008.
MARKETS.COM, operated by TradeTech Markets (BVI) Limited is authorized and regulated by the BVI Financial Services Commission (‘FSC’) under licence no. SIBA/L/14/1067.
MARKETS.COM, operated by TradeTech Markets (South Africa) (Pty) Limited is regulated by Financial Sector Conduct Authority (‘FSCA’) under the licence no. 46860.
The Markets group is regulated by 5 regulatory bodies. In the top menu, you can select under what regulation your account should be held. Each regulation provides you with different investor protection. The idea is that traders based in Europe should choose either the CySEC or FCA regulation. Traders from Australia the ASIC, traders from Africa the FSCA and traders from Asia the FSC regulation. You can notice on the screenshot above, that if you select one of the European regulations (the FCA or the CySEC), there is no trading bonus and the maximum leverage is 1:30, but there is the FSCS Investor Compensation up to EUR 20,000 (CySEC), GBP 85,000 (FCA). The other 3 regulations the ASIC, FSCA, and FSC offer deposit bonus (20-35% on the first deposit) and maximum leverage is up to: 1:300, but there is no investor compensation scheme in place.
All regulations provide Negative Balance Protection and guarantee that clients’ funds are kept in segregated bank accounts. If you select one of the regulations, the MARKETSX broker redirects will display the corresponding information across the entire website. In the process, they will redirect you to one of the following subdomains.
- global.markets.com – the FCA
- uk.markets.com – the UK
- za.markets.com – South Africa
- markets.com – Europe
- au.markets.com – Australia
Advantages and disadvantages
Every Broker has its pros and cons, let’s have a look at the ones that elevate & denounce MARKETSX.
Beginner’s Guide to Markets.com Broker: Complete Review
Markets.com, technically Markets.com Global, is a CFD and Forex provider that is among the quickest growing brokers in the world. They offer in-house trading platforms that are user-friendly and have more than 2,000 assets available for trading.
These include CFDs on cryptocurrencies, shares, currencies, indices, and commodities. Markets.com also has support for multiple languages and 24/5 support for clients. To give an idea of the size of Markets.com, there are 5 million registered accounts. Additionally, there are 13 million trades placed and $185 billion in traded value within the past year.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money
Markets.com at a Glance
|Regulation||CySec (Cyprus), ASIC (Australia), FSCA (Africa)|
|Minium Initial Deposit
|Asset Coverage||CFD markets: Forex, Indices, Commodities, Spot Metals, Bonds, Shares & Cryptocurrencies|
|Trading Platforms||Web Trader, MetaTrader 4 & MetaTrader 5|
Markets.com Trading Instruments
The main trading instrument offered by Markets.com is CFDs or contracts for difference. CFDs let you invest in an instrument without actually owning the actual asset. Instead, they just mirror the movement of the given asset. CFD trading lets you trade with the goal of assets going down or up and is fully regulated.
Markets.com offers Forex trading with hundreds of currency pairs to choose from, including majors, minors, and exotics. The majors include AUD/USD, EUR/USD, GBP/USD, NZD/USD, USD/CAD, USD/CHF, and USD/JPY.
Markets.com lets account holders trade seven different metals. This is a strategy that traders use to protect against inflation, as a defensive strategy. There are also four energy instruments for trading, with energy leading the commodities markets. Or trade one of the other eight commodities offered by Markets.com. Or you can trade one of 38 indices, which are groups of stocks to help you track sectors. The indices from Markets.com include the largest ones, such as NASDAQ, FTSE 100, S&P500. They also include international ones such as France 40 and Germany 30.
Additionally, there are options to invest in cryptocurrency without having to actually own it. This comes via a crypto CFD, with six options available from Markets.com. These include Bitcoin Cash, Bitcoin, Dash, Ethereum, Litecoin, and Ripple. Or trade one of the five bond offerings or CFDs of shares from dozens of countries, with thousands of choices. Markets.com also supports trading ETFs (exchange traded funds) which are baskets of assets.
There are blends that are exclusive to Markets.com as well. These include stocks with a shared theme or have smaller targeted ranges, with the shares always carefully selected. Finally, Markets.com offers trading of IPOs or Initial Public Offerings.
You can view a full list of Markets.com instruments on their Trading Instruments page. Or search for one via the search bar. You can mark your favorites with a star that can be removed at any time. This makes it easier to find your favorite instruments in the future. While on the trading platform, you can view specific information about it by clicking the Information icon.
Markets.com Account Signup
The process of registering with Markets.com is fairly straightforward. There is actually a quick video on the Markets.com website walking you through it step-by-step. You start by clicking on the registration or sign up button. From there, simply fill out a form with basic information like your name, birthdate, phone number, and address. You will then need to provide tax information and financial information. Next, you answer some quick questions about your trading experience and financial knowledge.
When you sign up for an account with Markets.com, you will need to submit documents. This is true regardless of the office that you sign up with. In the case of European and Australian offices, you may also be able to utilize electronic verification. This is part of verifying your account and the process is also straightforward.
Log into your account and go to the Verification Center. There, you will see spots to upload proof of identification and proof of residence. Do so and you will be set. Valid documents for proof of identification include passports, national identity cards, and driving licenses. Your proof of residence must have your full name and address on it. It can be a bill for your electric, water, gas, phone, TV, or internet (a utility bill).
Requirements for Opening a Markets.com Account
To open a Markets.com account, you must make a deposit of at least 100 USD, EUR, or GBP. You will also need to submit certain documents to open your account. These include proof of identification and proof of residence. Proof of identification comes via a clear copy of your valid passport. Or you can also use a National ID or a Driver’s license. The details in the document must all be visible. These include date of birth, name, document number, full security strip, and photograph.
For proof of residence, you need a clear copy of your credit card or bank statement. Or you can use a utility bill or municipality statement. As with the identification, the details must be visible. They include the address, full name, data, and stamp or logo of the company issuing the document.
To submit the documents, go to the Menu, then the Verification Center. You can then click Upload Documents or do this via the mobile application.
You should keep in mind that after you verify your account fully, you cannot change personal account details yourself. In situations where an update to the details is needed, you can just contact Markets.com. Let them know what details need to be changed. You will also need to provide them with any requested documentation to verify the requested changes.
Markets.com Demo Accounts
As is typically the case with brokers, Markets.com offers a Demo account in addition to the Real Money accounts. Both of these types of accounts work with real-time market conditions. As such, using the demo account is a very convenient way for beginner traders to practice before risking real money. Or advanced traders can use their Demo account to test new trading strategies.
At any time, you can easily switch between the Real account and the Demo account. This is an option in the left panel of the web version of the Markets.com trading platform. On the mobile application, you click on the My Account icon. Then, select Switch to Real or Switch to Demo.
To encourage transparency, Markets.com makes it simple to view account information, including your balance. If you want to see the balance, go to Funds Management. There, you will be able to see the current status of your funds. If you are on the mobile application, you can find the same information by going to My Account. From there, go to Funds Management, where you will see the Account Balance. Keep in mind that this balance does not account for loss or profits of any open positions. Funds Management is also where you will see your Account Statuses.
If you want to view an account statement, you can do so via the menu on the top right corner. From there, you just need to select Account Statement. It will give you the option to select the dates of the report that you want. Select Generate and you will have a statement available.
You can deposit funds into your Markets.com account in USD, EUR, GBP, DKK, NOK, SEK, PLN, CZK, AED. If you go to the deposit section of Markets.com, you can also find other currency options. You can make a deposit on Markets.com using your credit card. Or do so via a wire transfer, Neteller, Skrill, or Fast Bank Transfers such as Envoy and WorldPay. Although Markets.com will not charge you any fees to make a deposit, your payment provider might. If you make a deposit of over $2,500, Markets.com will reimburse you for external transaction fees.
To make a deposit, go to the Menu, then select Deposit. From there, just enter the payment details and your deposit will begin. Deposits made with credit or debit cards will take about 24 hours to process following their receipt. They are credited in your trading account immediately following the onboarding process. Wire transfers take one to two business days following receipt.
Keep in mind that your payment method must be registered under your name. For credit and debit cards, you must confirm the card is yours. For wire transfers, you must upload a scan or photo indicating proof of payment. For PayPal, Skrill, or Neteller, Markets.com will begin online verification within a few business days or possibly immediately. All other deposit methods require proof of transfer, such as a screenshot.
As is expected, Markets.com will return your funds via the same payment method that you used. This means that if you deposited the funds via a credit card, you will receive your withdrawal via the card. Credit card deposits get priority for refunds, with the priority for those deposits within the past 12 months. To withdraw funds, go to Menu and choose Withdrawal. You can also do this via the mobile application.
Keep in mind that there are minimum withdrawal amounts depending on the payment method. For debit and credit cards or PayPal, the minimum is 10 USD/EUR/GBP. For wire transfers, the minimum is 100 USD/EUR/GBP or 20 EUR within the European Union. For Skrill and Neteller, the minimum is 5 USD/EUR/GBP. Withdrawals via credit cards take 2 to 8 business days. Wire transfers take 2 to 5 days and alternative payment methods take 2 days. As with deposits, Markets.com will not charge withdrawal fees but your bank may. If you are a VIP client, Markets.com will reimburse your bank fees.
Markets.com Trading Platform
Markets.com offers the ability to trade via either their Markets.com Web Trader or the mobile application. Both of these were developed in-house. With the Web Trader, you do not need to download anything and can access advanced features, trading tools, and research. The Markets.com Global platform is available in English, Spanish, and Arabic.
The mobile application is available for both iOS and Android devices and relies on cutting-edge technology. The application is user-friendly, letting you trade while on the go with state-of-the-art technology. Markets.com also supports trading with MetaTrader 5 (MT5). This will be the ideal option for those who want a familiar platform with a range of tools.
One of the great things about using the Markets.com platform is the high level of customization available. To access the various customization options, head to My Account and Settings. From there, select Platform Features. There, you will see some basic options, such as the choice between a light or dark theme. There is also a choice for Trading View and for Open Position Mode. Both of these can be Basic or Advanced.
How to Trade on Markets.com
Markets.com does a great job of providing basic information to clients. This includes a video walkthrough of how to make a trade for those who prefer visual explanations.
If you prefer a written explanation, choose an asset using the list on the left section of the trading platform. Selecting an asset will make it appear in the center of the screen, including relevant information and values. On the right of the screen, you will see options to buy and sell. This is also where you find information on things like margins and minimum trade size.
Click on either “buy” or “sell” depending on what you want to do. A pop-up window will appear. The right side details information like the sell and buy prices, changes, minimum trade size, and trading trends. The left side is the form you fill out to trade. You can choose the quantity and other factors or click on “Advanced” for more advanced trading types and options. Fill everything out and select “Place Order.” The Advanced option is where you will find advanced order types such as Limits and Stops. There is also the ability to set a specific level.
If you want to set a Take Profit or Stop Loss order, you can do this in the same area. You just check the box for the relevant option and enter your Take Profit or Stop Loss level. You can also set a Take Profit or Stop Loss for a position that is already open. In this case, simply edit the position.
It is possible to execute orders over the phone as well if you prefer to do so. You would do this by contacting the Trading Desk directly. You should note that while most Markets.com support is multilingual, the Trading Desk is only available in English.
How Can You View Your Positions?
Viewing your current positions on Markets.com is simple. Go to Open Positions, which is a tab in the top center portion of the screen. There are options here to edit or close a position. If you want to see specific details of an open position, visit the trading instrument.
Right underneath the instrument, you will see the details. These include trading volume, trade direction, entry price, and the current profit or loss. If you have multiple open positions for an instrument, all of them will appear here.
Trading Cryptocurrencies With Markets.com
As previously mentioned, Markets.com has support for trading Bitcoin Futures, Bitcoin Cash, Ethereum, Dash, Ripple, and Litecoin. Instead of directly buying and selling the cryptocurrencies in question, Markets.com account holders trade cryptocurrency CFDs. This means that you will not actually own the cryptocurrencies. As such, there is no need to set up a cryptocurrency wallet. Additionally, you are able to manage all assets in a single convenient spot.
Because of the nature of cryptocurrencies, you can trade crypto CFDs with Markets.com Global 24/7. Bitcoin Futures trading lasts from Sunday at 23:00 GMT until Friday at 22:00 GMT. Bitcoin futures have daily breaks between 22:00 and 23:00 GMT. System maintenance may also cause interruptions on Sundays for other crypto CFDs.
For full transparency, Markets.com offers a full list of the expiration dates for the offered CFD instruments. You can view the full list of each instrument and its rollover date. Or you can switch to a weekly view of expiration dates and rollovers if you prefer.
When looking at the expiration date for a given instrument, keep the time 21:00 GMT in mind. Any position open at 21:00 GMT on that date will be adjusted automatically by Markets.com. This will occur via a swap credit or charge. Either method accounts for the difference between the prices of the expiring and new contracts. Clients of Markets.com can avoid a rollover of their CFD by simply closing the position before this expiration date.
If you have a pending order at 21:00 GMT on the given expiration date, this order will be automatically adjusted. That adjustment will include a point-for-point or symmetrical reflection of the price difference between the expiring and new contract.
There is an additional point worth noting in the case of CFDs on old contracts with very low liquidity. The operating company behind Markets.com has the right to move the rollover date up slightly for these.
What Are the Trading Hours on Markets.com?
The trading hours for Markets.com vary based on the given instrument or market. For your convenience, there is a full listing of the trading hours for each instrument/market available for trading on Markets.com. The trading hours for stocks are divided by country and appear first (alphabetically) on the trading hours page. There are three columns. They include the description of the asset or market, the days trading is open, and the hours on those days.
Below this, you can view the trading hours for the Asian, Pacific, and African Indices. They appear in alphabetical order by index name. Markets.com continues to list the other instruments in similar groups with individual information for each asset. The other groups, in order, are European Indices, US Indices, Cash Indices, Metals, Blends, and Soft & Agriculture Commodities. These are followed by Energy Commodities and Government Bonds.
After this, you can see the general category of FX. There is specific information for sets of forex pairs by majors or country. At the bottom of the page, you will see the trading hours for cryptocurrencies. These are divided into Bitcoin Futures and the remaining cryptocurrencies.
Fundamental Analysis Tools
To help CFD traders make informed decisions, Markets.com has an economic calendar. It includes a full list of events, including reports and consensus information, the country, and the time. There are even color-coded dots for things that “Merit Extra Attention” or are “Market Moving Indicators.”
There is also a variation of the economic calendar called Events & Trade. It automatically filters the upcoming events, so you only see those with significant statistical trends. Selecting an event on that particular calendar gives you detailed information, even charts. This is essentially an interactive economic calendar that includes forecasts from more than 30 global economists. It analyzes historical movements of assets to deliver statistical trend predictions related to upcoming events.
There is also a convenient tab of Markets.com titled “News and Analysis.” Here, you can find recent news stories and analysis in several categories. Those include Brexit Watch, Forex, Indices, Stocks, Commodities, and Crypto.
Price Alerts are also available and highly customizable. You can set up web, email, and/or mobile notifications. These notify you when an asset falls or rises to your specified price or moves by a specified percentage. You can also set up Price Alerts for when the Traders Trend gauge hits your specified percentage (bullish or bearish). Or the alert can let you know if analysts change the price target on stocks. The alerts can include reminders for specific events as well.
Technical Analysis Tools
To supplement the fundamental analysis tools, Markets.com has a range of technical analysis tools. The Traders Trends section shows buy and sell trends that other Markets.com traders are following. It updates every several minutes and calculates percentages of the sentiment value of an instrument. This is done to the closest 1 percent using real data of recently closed and live open positions. This feature can help traders understand trends and make decisions. An example would be whether to make a given trade and how to time it. It can also help with more advanced strategies such as those related to trade duration.
You can view the Trending Now section of Markets.com on either the web or mobile platform. It includes rankings for Top Risers, Fallers, Volatile, and Traders Trends. There is also 52 Week High and Low, Uptrend, Downtrend, and 30 Days High and Low.
The biggest technical analysis tool on Markets.com is Trading Central. Here, you find insights for trading instruments and market momentum as well as forecasted movement and volatility. The indicators are available via the trading platform in several languages and come from analysis of financial markets. Indicators include Instrument Intraday, Pivot, Green Analysis, Red Analysis, Comment, Released, Resistance, and Support. Each of these can be used in different ways to create a trading strategy.
Multi Charts are another key technical analysis tool, as they allow you to view multiple charts at the same time. This makes comparing assets a breeze. There is a range of data you can compare side by side via this function. That allows traders to always make the right trading decision.
Market Consensus is also incredibly useful. It is the result of a collaboration with TipRanks, which provides aggregated Big Financial Data. It includes Analyst Recommendations, Insider’s Stuff, Bloggers Opinion, and Hedge Funds.
What Indicators Does Markets.com Offer?
Yet another part of technical analysis offered by Markets.com is the vast array of indicators available. There are over 80 oscillators and indicators. You will find tools like Stochastic Indicators, Moving Average Convergence Divergence, Relative Strength Indicators, Bollinger Bands, and Simple Moving Averages.
For convenience, Markets.com lets you add as many as five variations of a single indicator to the chart simultaneously. For example, say you wanted to analyze trends in both the short and long term. You could do so with Simple Moving Averages with five different variations.
What Sentiment Analysis Does Markets.com Offer?
While most brokers offer technical and fundamental analysis, Markets.com stands out by also offering sentiment analysis tools. One of these is Analyst Recommendations, a daily decision-making tool that is in the Markets.com platform. It collects then evaluates and displays stock recommendations from financial experts and analysts.
You can use the tool’s integrated buttons for buying and selling right away. All of the analysts featured have Star Rankings to help you decide what information to follow. You can also use the consensus price target, which is the average price target based on all the analysts’ predictions.
A section called Insiders’ Stuff is another great sentiment analysis tool. This displays data about whether bosses of companies buy or sell their company’s stocks. It uses information from more than 36,000 corporate insiders, including execs, directors, and board members, along with proprietary algorithms. The result is a user-friendly display that includes quantitative analysis and big data.
Markets.com also has a Bloggers Opinions tool that tracks more than 50,000 financial experts. The bloggers each have star ratings based on previous accuracy. Like Analyst Recommendations, Bloggers Opinions includes both individual and consensus sentiment data. It also features integrated buy and sell buttons for convenience, so you do not waste any time.
The Hedge Fund Activity tool measures hedge fund performance based on SEC-submitted information and analysis from TipRanks. You can view the positions funds took on the major US stocks and use integrated sell and buy buttons.
Finally, the Traders Trend feature displays the overall position of all the other traders on Markets.com. It lets you view shifting market positions. You can also set up alerts for when the sentiment reaches a certain level.
Does Markets.com Offer Signals?
Markets.com has a Signals tool that helps display market sentiment as well. Once you log in, this tool will be in the bottom left corner of the platform. This is where you will find a display of the key information from many of the above sentiment analysis tools. It includes Hedge Fund Positioning, Analyst Recommendations, and Insiders’ Stuff. It is particularly useful for equity trading.
If you look at the support center of Markets.com, you will find a convenient glossary with key terms. Or you can find more educational tools in the Knowledge Center. This includes many video tutorials that help you understand the basics of using Markets.com. They range from creating an account to trading to using the unique trading tools.
Within the Knowledge Center, you will also find Live Sessions. These are daily short videos streamed in real time. They include things like interviews and advice. There is even an option there to set a reminder for yourself, so you do not miss a Live Session.
There are frequent free webinars on a range of topics. Examples include “Enter the World of Forex Trading” and “The Most Important Indicators for Your Trading.”
In addition to an economic calendar, Markets.com has a convenient section of its website that lists upcoming trading holidays. This section has four columns, outlining the date, country (and occasion), instrument, and status. This allows traders to see what instruments will be closed or have reduced hours on a particular date.
As is the case with most other forex trading platforms, Markets.com does not charge fees on those types of trade. Instead, they make their profit via spreads as well as daily swap charges.
At the time of writing, the spread for EUR/USD was as low as 2.3 pips. Leverage for all major currency pairs could be up to 1:294. To maintain transparency, Markets.com keeps an updated list of all spreads and leverage limits on their Instruments page.
For cryptocurrency CFDs, spreads range from 0.03 USD for Ripple to 140 USD for Bitcoin. Leverage is up to 1:5, depending on the currency in question.
The available leverage for clients of Markets.com varies based on the asset class. It also varies based on the office that the account originates at. In Europe, leverage is up to 30:1 for forex, 20:1 for indices, and 5:1 for shares. It is 20:1 for commodities, and 2:1 for cryptocurrencies.
In Africa, it is up to 300:1 for forex, 200:1 for indices, and 10:1 for shares. It is 200:1 for commodities, and 5:1 for cryptocurrencies. Leverage in both Australia and through the Global office is identical to that in Africa.
The trading conditions may be slightly different if you use MetaTrader 4 or MetaTrader 5. There is a specific section of the Markets.com website dedicated to detailing the trading conditions for each of these. The default leverage is 1:50, but you can typically select 1:300, 1:200, 1:100, or 1:25. The specifics vary by asset and platform.
Markets.com Locations & Regulations
Markets.com is indeed regulated and it is located in Sydney, Australia. The name Markets.com Global is part of Tradetech Markets (Australia) Pty Ltd. That company is regulated by ASIC (the Australian Securities and Investments Commission). Markets.com is used by STA and Tradetech Markets Limited owns it, with both of those entities being Playtech PLC subsidiaries. You can find Playtech PLC on the London Stock Exchange and FTSE 250 index.
Because Markets.com is regulated, investors know that they are working with a reputable, reliable provider within a secure environment. You can relax knowing that Markets.com follows strict guidelines to maintain their regulation.
How Does Markets.com Vary Based on Regulator?
Each of the above regulators for Markets.com authorizes the broker within a set of specific regions or countries. While there are many commonalities among the versions of Markets.com regulated by different agencies, there are also some key differences. Regardless of the regulator, Markets.com has Negative Balance Protection and keeps client funds in segregated bank accounts.
In Europe, Markets.com is operated by Safecap Investments Limited and regulated by CySEC and FSCA. These are with license 092/08 and no. 43906, respectively. In this region, leverage can be up to 1:30 for retail clients or up to 1:300 for professional clients. There is also ICF Investor Compensation of up to EUR 20,000. Any complaints should be addressed to the Financial Ombudsman.
In Africa, Markets.com is operated by TradeTech Markets (South Africa) (Pty) Limited. It is regulated by the FSCA (Financial Sector Conduct Authority) with license no. 46860. In this region, clients can enjoy leverage of up to 1:300. They also get a bonus on their first deposit of up to 35 percent. The FAIS Ombudsman is the complaints authority.
In Australia, Markets.com is operated by Tradetech Markets (Australia) Pty Ltd. It is regulated by ASIC (the Australian Securities and Investments Commission) in providing financial services. It also has an Australian Financial Services License with no. 424008. In this region, clients can get a bonus on their first deposit of up to 20 percent. There is leverage up to 1:300. There is also electronic verification. The Australian FOS handles any complaints.
The same information for Australia applies for the Global Markets.com version, including regulation by ASIC.
What Other Regional-based Differences Are There for Markets.com Offerings?
Markets.com offers four main global offices. Clients can choose which office they want to open their trading account with based on their needs and location. The Africa, Australia, and Global offices all accept global clients. The Europe office requires clients to be a resident of Europe and its territories, Iceland, Switzerland, or Norway.
In addition to the above regulation, there are some other key variations between the Europe, Africa, Australia, and Global offices.
The Europe office does not offer bonuses or rebates. In Africa, there is a bonus of up to 35 percent of the first deposit. This is 20 percent in Australia and the Global office. Africa, Australia, and Global offices all offer 5 percent rebates of the weekly spread as well.
The regional variations in leverage are mentioned above. Africa, Australia, and Global offices have identical leverage offerings, all of which are higher than those in Europe. This comes down to regulation differences.
Regardless of the office, clients of Markets.com have Negative Balance Protection and access to more than 2,000 assets. They also have the same MetaTrader 5 and Markets.com Trader platforms. The Africa, Australia, and Global offices all only offer Classic or Premium accounts. Europe also offers Professional and GSL (French) accounts.
How Are Funds Protected?
Markets.com holds all funds of clients in segregated bank accounts. This allows for maximum protection of the funds.
Markets.com Customer Support
Markets.com offers customer support 24/5, available either via live chat or a contact form on their website. You can find the “Contact Us” button on the right side of the Support Center page. Or access it at the bottom of any page on the Markets.com website.
For the convenience of Markets.com clients and to help the broker appeal globally, customer support is multilingual. It is available in English, Spanish, French, Italian, Bulgarian, German, or Arabic.
Markets.com is in competition with similar brokers which have covered before, as follows:
Markets.com Affiliate Program
Markets.com does offer an affiliate program. There are separate programs for Affiliates, Introducing Brokers, and White Labels. The Affiliate program offers generous commission plans and reliable and quick payment. It also has a range of sophisticated and useful reporting systems. There is even a range of multilingual marketing tools that are highly effective as well as advanced. The affiliate program includes a dedicated affiliate manager as well.
It only takes a minute to register for the affiliate program. Markets.com claims to offer the highest commissions in the industry. There are over 10,000 affiliates, putting you in good hands and providing service in 20 languages.
The Introducing Broker program has multilingual support 24/5 and a first-rate rebate program. It also includes a range of customizable and professional marketing tools. White Labels are a unique option with a solution that is tailor-made for you. The solution is developed, hosted, and maintained by Markets.com.
Markets.com is an online trading platform that offers investors the opportunity to trade a range of instruments using CFDs. They have support for shares, commodities, indices, forex, and cryptocurrencies with over 2,000 trading assets.
Account signup is very easy and fast and you also have the option of using a demo account first to get a feel for the platform, you don’t even have to register for this – simply login with your Google or Facebook account.
The web trader platform is well designed and simple to use, their is a vast range of technical and fundamental analysis tools available to you – this is where Markets really shines, some of the best tools we have seen so far.
Although they are not FCA regulated in the UK, they are registered with CySec in Cryprus, ASIC in Australia and FSCA in Africa.
There is a wide range of trading instruments to choose from and the spreads are good.
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