Markets.com Review

Established in 2006, Markets.com has been on the radar of many traders for years. The brokerage is best known for offering wide range of different asset classes available from a single trading account and has won a number of different awards over the past few years.

Markets.com offers a number of trading platforms to clients. At the core of the Markets.com offering is the industry’s best known trading platform MetaTrader 4. Since it’s launch back in 2005 MetaTrader 4 has dominated the Forex industry and has become the favoured platform of many traders. This in part due to the platforms impressive support for Expert Advisors which allow traders to engage in algorithmic and automatic trading. As such Markets.com customers can take advantage of this institutional standard trading platform. The brokerage’s platform offering goes beyond the MetaTrader platform, with the brokerage also offering the impressive Sirix WebTrader platform from specialist software developer Leverate.

The Sirix WebTrader platform is a beautifully simple to use platform written in HTML5 meaning that the platform can be used from any modern browser allowing traders to open, close and manage positions wherever they are in the world. Additionally, the platform provides inbuilt support for social and copy trading with users of the platform being able to automatically copy the trades of successful traders who happen to be using the platform. The brokerage also offers it own Web and Mobile trading platforms again allowing you to trade while on the move or from computers without a MetaTrader installation. The offer from the brokerage is pretty comprehensive with a range platforms on offer to cater to individual traders needs.

One of the strongest points of Markets.com is the wide range of instruments which can be traded from a single account. While many brokerages offer just Forex and Precious Metals, Markets.com goes far beyond this and offers traders the ability to trade a diverse range of asset classes. The brokerage offers a wide array of CFD’s with Stocks, Indices, Precious Metals, Commodities and Bonds all being on offer. The selection of Stocks is particularly impressive with over 50 popular Stocks being available with the brokerage. This really helps differentiate Markets.com from many of it’s competitors and helps the firm state its claim that it offers a real multi-asset trading environment. The brokerage also offers an impressive range of Spot FX pairings, a total of 47 different currency pairings including a good selection of minor and exotic pairings. This really helps Markets.com stand out and offers traders the opportunity to try their hand at trading a wide range of markets and instruments.

The brokerage offers three account types. Those who want to make a minimal capital investment can opt for the classic account which requires a minimum deposit of only $100. There is also the option of opening Standard or Premium account, these accounts do not improve trading conditions but instead increase the amount of personal support you are given.

Fixed or Floating Spreads

Traders can opt between fixed or floating spreads. Spreads offered with floating spread accounts are slightly tighter but traders may find that spreads widen significantly during periods of increased market volatility. The choice really depends on whether the trader what’s the security of fixed spreads regardless of underlying market conditions. While the spreads on offer with Markets.com are not the most competitive available they are pretty equivalent with many other brokerages out there. Markets.com also has the advantage of being able to offer a very wide selection trading instruments from a single account.

European Union Regulations

Markets.com is one of the brands operated by SafeCap Markets Ltd. SafeCap Markets Ltd operate a number of financial brands and are based and regulated in Cyprus. As a European Union member Cypriot regulatory law has become harmonised with regulatory standards determined by the European Union. This means that those doing business with a brokerage based and regulated by the country’s financial market regulator receive the fundamental protections outlined in The Markets in Financial Instruments Directive (MiFID). This directive sets out minimum levels of regulatory protection that European Economic Area countries must provide to customers.

This piece of regulation provides traders with vital protections and ensures proper regulatory oversight, this provides traders with significant piece of mind when doing business with EU regulated brokerage firms. In fact, Cyprus’ financial markets laws exceed the minimums set out by European legislation in a number of ways. Giving traders a greater level of protection than is required by European law.

Pro’s

• Markets.com offers an impressive array of asset classes and instruments. Providing a real multi-asset trading environment for their clients.
• EU regulated institution with a long trading history.
• A strong selection of platforms for traders to choose between, including social trading support via the Sirix WebTrader platform.

Con’s

• Spreads are not the most competitive in the industry, despite this many other brokerages offer similar trading conditions.

Markets.com triumph is the wide selection of asset classes and instruments available for customers to trade. There are very few brokerages who are able to offer such an extensive range of instruments available to trade from a single account. The brokerage also offers a good range of platforms and caters for those interested in trying their at hand at social trading by including Sirix’s WebTrader amongst their platform offering. Markets.com would be great choice for someone looking to try their hand at trading, with a wide range of assets and a minimum deposit of just $100 there is little to lose by taking the plunge.