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Markets.com Review
Overall Rating: ★★★★☆ (4.0/5.0)
Markets.com is a well-established forex and CFD broker known for its user-friendly platforms, extensive asset selection, and competitive pricing. Offering a range of trading tools, research materials, and advanced charting features, the broker caters to both beginner and experienced traders. In this Markets.com review, we assess its key features, regulation, fees, and overall reliability.
Key Features
Markets.com provides a variety of trading tools and features designed to enhance the trading experience.
- Trading Platforms: Traders can choose between MetaTrader 4 (MT4), MetaTrader 5 (MT5), and Markets.com’s proprietary WebTrader. These platforms support advanced charting tools, algorithmic trading, and risk management features.
- Market Access: Markets.com offers over 2,200 assets, including forex, commodities, indices, stocks, ETFs, and cryptocurrencies.
- Execution & Spreads: With tight spreads and fast execution speeds, Markets.com provides competitive trading conditions.
- Copy & Social Trading: The broker integrates social trading features, allowing users to follow professional traders.
- Mobile Trading: The Markets.com app enables trading on the go, with real-time market updates and full platform functionality.
Regulation and Security
Markets.com is a regulated broker, ensuring compliance with financial regulations to provide a secure trading environment.
- Regulatory Oversight: Markets.com is licensed under multiple regulators, including FCA, ASIC, CySEC, and FSCA, offering a high level of trust.
- Fund Security: The broker follows segregated client fund policies, meaning trader funds are stored separately from company funds.
- Negative Balance Protection: Prevents traders from losing more than their deposited amount.
- Encryption & Security: Markets.com employs SSL encryption and two-factor authentication (2FA) for enhanced account security.
Pricing and Costs
Markets.com offers competitive trading fees, but traders should carefully review its pricing structure.
- Spreads: Spreads start from 0.6 pips on major forex pairs, making it a cost-effective choice.
- Commissions: The broker offers zero-commission trading on most asset classes, but some products may incur fees.
- Deposit & Withdrawal Fees: Deposits are free, while withdrawals may carry fees depending on the payment method.
- Swap Fees: Overnight financing charges apply to leveraged positions held overnight.
- Inactivity Fees: A fee is charged on dormant accounts after a period of inactivity.
Educational Resources and Customer Support
Markets.com provides traders with educational materials and 24/5 customer support.
- Educational Content: Markets.com offers webinars, tutorials, eBooks, and in-depth market analysis.
- Customer Support: Support is available via live chat, email, and phone.
- Multilingual Support: The platform supports multiple languages to accommodate global traders.
Risk Management Tools
Markets.com integrates several risk management tools to help traders protect their capital.
- Stop-Loss & Take-Profit Orders: Essential tools for managing risk effectively.
- Guaranteed Stop-Loss Orders (GSLOs): Ensures stop-loss execution at a predefined price, protecting against slippage.
- Margin Alerts: Notifies traders when their margin level is low, reducing the risk of liquidation.
- Customisable Leverage: Traders can adjust leverage settings to control risk exposure.
Pros and Cons
Pros
- Regulated by FCA, ASIC, CySEC, and FSCA, ensuring strong security and trust
- Tight spreads and fast execution speeds
- MT4, MT5, and proprietary WebTrader platform
- Over 2,200 tradable assets, including forex, stocks, and cryptocurrencies
- Zero-commission trading on most assets
Cons
- Inactivity fees may apply after a certain period
- Withdrawal fees on some payment methods
- Limited 24/5 customer support, rather than full 24/7 service
Conclusion: Is Markets.com the Right Choice?
Markets.com is a reputable broker with strong regulatory oversight, a wide range of tradable assets, and competitive spreads. With a choice of trading platforms, risk management tools, and educational resources, it appeals to both beginners and experienced traders. While some fees apply, the overall trading conditions remain highly competitive.
Looking for a regulated broker with low spreads and powerful trading platforms? Markets.com could be a great option.