Markets.com Review

Overview

As one of the up and coming brokers in the Forex sector, Markets.com has gained a lot of popularity in a relatively short amount of time. They are registered in… more

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Details

Broker Markets.com
Website URL www.markets.com
Founded 2009
Headquarters Cyprus
Support Types Live Chat , Telephone , Email
Languages English , French , Arabic , Italian + 20 more
Trading Platform MetaTrader4, Sirix Webtrader, Market AutoTrader, Market Mobile
Minimum 1st Deposit $100
Minimum Account Size $100
Minimum Trade Amount 1000
Leverage 200:1
Spread 3 Pips (EUR/USD)
Free Demo Account Yes
Regulated Yes
Deposit Methods Credit/Debit Card , POLi , Wire Transfer , Liberty Reserve , Web Money
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 99/100

Full Review

As one of the up and coming brokers in the Forex sector, Markets.com has gained a lot of popularity in a relatively short amount of time. They are registered in Cyprus and regulated by Markets in Financial Instruments Directive (MiFID), and have been operating since 2009, when the website went live.

The first thin you notice when visiting Markets.com is the impeccable design of the website. It’s definitely one of best looking brokers on the market today, and we where pleasd to see that not only does it look good, but it’s also very easy to find your way around the website. As the forex exchange market can be a bit complicated when you’re new to it, to say the least, it’s always good when companies puts effort into explaining how the whole concept works, instead of assuming that everyone who will visit the website will already know the basics of currency trading. Personally, we think that this will gain them in the long run, as the impression you get from these types of features is that of a company who likes to take good care of its clients.

Markets.com offers trading on the ever so popular Meta Trader platform, which is one of the best trading platforms in the world today, and certainly the most used one. The Meta Trader can be downloaded after you’ve created your account, and both the download- and installation process are quick and painless. If you prefer to trade straight from your web browser, Markets.com offers an equally powerful platform: The SIRIX Web trader. This gives traders full day access to their account from any computer with an internet connection. In addition to this, Markets.com also offers a mobile trading patform, which not only gives you the oppurtunity to keep a close watch on the currency market wherever you are, but also to make real time trades from anywhere in the world.

We also noticed that Markets.com offers most of the popular payment methods on their website, which makes life easy for traders, who can deposit and withdraw money using Credit/Debit Card, POLi, Wire Transfer, Liberty Reserve and Web Money. When setting up an account, traders can choose to either set up a demo account for practicing online currency trading. This account offers all the features of a real account, but as your not trading with real money, there’s no risk invovled. The demo account can later be upgraded to a real account when the trader feels ready.

One of the best features markets.com has to offer is the extensive guides to forex trading available straight on the website. This is obviously great for new traders as they get a chance to actually learn something about how the market works, as well as the main principles that drives it. In addition to the customer service that is easy to get in touch with via a number of methods, such as phone, live chat and email, markets.com also have a FAQ which goes through most of the common problems people experience when on the website.

We think that Markets.com is one of the most user friendly website in the forex trading industry today, and it’s definitely a good place for new traders to start with, as they have every bit of information they need gathered in one place. On the other side of the spectrum, the powerful Meta Trader as well as the low spreads (3 pips on EUR/USD) should also make Markets.com interesting to professional traders.

 

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