Top Options
88%/ 100
Type of Broker: Forex, CFD
Payout: N/A
Min Deposit: $100
Min Trade Amount: $10
US Clients:
Free Demo Account:
Max Trade Amount: Unlimited
Leverage: 1:200
Fees:
Fees: N/A
Number of Assets: >30
Types of assets: Forex, Stocks, Indices, Commodities
Option Types: Buy/Sell
Expiry Times: N/A
Charting Package:
Trading Signals:
Market Analysis:
Education: Yes

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Full Review

Is Markets.com a reliable trading platform or a scam? In this review, you will find out everything that you need to know about the multi-asset system.

Introduction

Markets.com was created in 2007 by TradeFX Limited under the brand name GFC Markets. The company would later rebrand its name to the one it presently uses a year after it was established. In 2015, it was acquired by Safecap Investment Ltd, which is a subsidiary of Playtech PLC for a whopping €458 million.

The company is currently one of the leading multi-asset brokers and serves both forex and CFDs traders. Playtech, Market.com’s parent company, was first listed in the London Stock Exchange (LSE) in 2012 and has a market capitalization of over £2.8 billion.

Regulation

Markets.com is regulated and licensed to operate in South Africa by the Financial Services Board (FSB) with license number 43906. In the Eurozone, the brand is governed by CySEC and carries out its operations under license number 092/08.  As Cyprus is a European Union member, the CySEC complies to MiFID regulations, which makes it recognized by all EU member countries as a regulatory body.

Is Markets.com Scam or Legit?

Lots of questions have been asked about the legitimacy of the Markets.com platform. This has compelled us to undertake in-depth research on the application. In recognition of the quality and legitimacy of their service, our investigation has uncovered a lot of reasons which suggest that Markets.com is genuine. These reasons include:

  • As it is regulated by some of the most reputable bodies, Markets.com maintains strong operational standards. They are required to submit details of their operations to the CySEC on a regular basis for validation purposes. As such, the company does not involve in activities that could compromise their reputation in the market.
  • com separates clients’ funds from operational funds by holding them in segregated bank accounts for maximum safety.
  • The company uses some of the toughest security apparatus such as the SSL to secure communication channels to keep your information safe from prying eyes.
  • They deal only with certified international service providers.

Markets.com Legit Trading Application

With regards to their trading application, Markets.com is offered as:

  • Web-based platform. The modern web-based platform provided by Markets is innovative, user-friendly and comes with advanced charting functionality. It also incorporates a broad range of technical indicators that makes for enhanced market analysis. Trading Cubes is another helpful feature. The innovation lets traders view many instruments all at once, and as a result, offers them the opportunity of streamlining the trading procedure.
  • Mobile trading software optimized for iOS and Android powered devices. Markets.com provides traders with optimized versions of the trading application for smartphones. The mobile trading apps provide full mobility by allowing traders to trade on the go. They can be downloaded from the Apple App Store and Google Play Store for iOS and Android devices respectively.

Markets.com App’s Special Trading Tools

The Markets.com trading platform makes available the following tools to the trader:

  • MetaTrader 4. Markets.com offers MetaTrader 4 for traders who prefer an easy-to-use platform. It features standard offering, which means you won’t miss out on your favorite systems. Traders can access it on the central trading screen by clicking on the “My Account” menu and then choosing “MT4 Accounts.”
  • Real-time news feeds. Powered by Delkos, Markets.com provides real-time news feeds which have been equipped to enable traders to stay informed about significant developments in the markets. Using this tool, traders can gain information about the market sentiment and past economic events, which they can use to analyze the possible impact of anticipated news in-depth.
  • The Sirix Platform allows traders to access the popular MT4 system on the web. The tool is useful for traders who want quick access to their account whenever the desktop or native MT4 app is not responsive.

Asset List

Markets.com offers CFD, Spot Forex, and ETF trading. Consequently, it allows traders to trade over 2,000 assets which consist of:

  • Stocks
  • Commodities
  • Forex
  • Market indices

Transaction Methods

Several methods of deposit and withdrawal have been made available for traders who make use of the Markets.com platform. Some of the major channels through which transactions are conducted on Markets.com include:

  • Bank Wire Transfer. You can deposit funds by wiring them to a Markets.com supported bank. To do this, you will have to provide necessary information such as beneficiary name, account number, mailing address including city, state, as well as zip code, routing number, and amount to be transferred. Your withdrawal will be wired to you the same way, provided you prefer this method of transaction.
  • Credit/Debit Cards. Markets.com allows you to carry out transactions on the platform using your debit or credit cards.
  • e-Wallet. Traders can use digital wallets such as Skrill, PayPal, and Neteller to conduct transactions on Markets.com.

Traders who find the above methods inconvenient can use alternative Markets.com supported channels like eKonto, Giropat, Multibanko, Ideal, Instant Bank, and Sofort. Others include Przelewy24, Mistercash, and Fast Bank Transfers, and much more. Withdrawal requests are processed within one business day, although it may take more days to complete the entire process.

Customer Support

Markets.com offers excellent customer support services that are in line with business trends and quite above the market standard. The support team is available round the clock, Mondays to Fridays. They offer email, phone, and Live Chat support. Support is offered in multiple languages.

Conclusion: Markets.com is Legit

This review found Markets.com to be a rock solid, reliable, and reputable broker with outstanding features. The software is competent at what it does and offers an innovative web trader platform that is to be envied by most. Its user-friendly interface makes it a suitable choice for newbies who seek access to wider markets. Its range of trading assets are some of the best you would find in the industry.

Regarding legitimacy, Markets.com can be trusted, as they are regulated in several jurisdictions and are the official forex and CFD trading partner of Arsenal Football Club of London. The speed, precision, and consistency with which they execute trades will leave you satisfied more often than not.