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Markets.com Broker Review

Author By Jeffrey Cammack
Updated: September 21, 2022
Overall Rating
4.64 4.64 / 5
Rated #5 of 66 Recommended Brokers
🏦  Min. DepositGBP 100
🛡️  Regulated By
💵  Trading Cost 
USD 7
⚖️  Max. Leverage30:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 
AlertAccepts UK Clients. Average spread EUR/USD 0.70 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5 , and Markets.com platforms supported. Markets.com is regulated by the FCA, CySEC, ASIC, and the BVI FSC. 79.9% of traders lose money with this provider.
Last updated on 21 Sep 2022
by Editorial Director Jeffrey Cammack
Jeffrey Cammack

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Our verdict on markets.com

With a listing on the London Stock Exchange, a well-regulated and competitive trading environment, and a user-friendly, full-featured trading platform that allows spread betting, British traders will be hard-pressed to find a better broker.

Markets.com offers traders fast, low-cost trading on a broad range of financial instruments, including over 2000 stock CFDs, Forex, commodities, indices, ETFs, and bonds. Although Markets.com offers only one live account, spreads start at 0.6 pips (EUR/USD), with no commissions and a minimum deposit requirement of only 100 GBP.

Full support is offered for MT4, MT5, and Markets.com‘s award-winning in-house platform. An advanced multi-asset trading platform, the Markets.com platform is packed full of features, including excellent trading tools, expert analysis, and in-depth charting. 

Markets.com also provides a high level of customer service compared to other brokers, and all traders are assigned a dedicated Account Manager to assist with any queries regarding their account or using the platform.

🏦  Min. DepositGBP 100
🛡️  Regulated By
💵  Trading Cost 
USD 7
⚖️  Max. Leverage30:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 
Best Trading Platform

Overall Summary

Regulation
11110.54.5/ 5
Trading Conditions
111115/ 5
Trading Platforms
11110.54.5/ 5
Deposit & Withdrawal
11110.54.5/ 5
Education & Research
111115/ 5
Assets Available
111115/ 5
Customer Service
111104/ 5
Beginner Friendly
Excellent
Welcome Bonus

Account Information

Base Currencies
USD, AUD, CHF, CZK, DKK, EUR, GBP, NOK, PLN, SEK, ZAR
Number of FX Pairs
67
Crypto Pairs
25
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Acct

Trading Conditions

Account Name
Live
Trading Desk
Commission
Fees Included in Spread
EUR/USD
0.60 pips
GBP/USD
1.20 pips
USD/JPY
0.70 pips
Negative Balance Protection

Company Details

Company Name
Finalto Trading Ltd
Founded
2008
Website
Website Language
Arabic, Danish, Dutch, English, French, German, Italian, Spanish
Support Language
Arabic, Afrikaans, Bulgarian, French, German, Greek, Italian, Spanish
Office Locations
Australia, United Kingdom, Cyprus, South Africa

Pros

  • Well regulated
  • Tight spreads
  • Wide range of assets
  • Fast and free withdrawals

Cons

  • High minimum deposit

Is Markets.com Safe?

Regulated by the world’s top authorities, including the UK’s FCA, Markets.com is a safe broker for British traders to trade with.

FCA Regulation: British traders of Markets.com will be trading under the subsidiary, Finalto Trading Ltd, authorised and regulated by the FCA. Known as one of the strictest regulators in the world, the FCA has put in place a number of restrictions to protect traders.

London Stock Exchange: Safecap Investments Limited operates Markets.com in Cyprus and is a part of the Playtech plc Group, which is traded on the London Stock Exchange and constituent of the FTSE 250 index. This adds to the company’s credibility, as companies listed on major exchanges need to be transparent.

Safety Features: The FCA protects British clients by ensuring that Markets.com:

  • Segregates client funds from its operating capital.
  • Restricts leverage to 30:1 for Forex trading.
  • Provides all clients with negative balance protection, meaning that traders can never lose more money than they have in their trading accounts.
  • Participates in the Investor Compensation Fund, covering British customer losses up to 85,000 GBP in the event of broker bankruptcy. 
  • Does not offer promotions, bonuses, or trading on cryptocurrency CFDs

Markets.com Safety

Company Details

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Group Regulators
Trading Desk
Website
Year Founded
Office Locations
Inactivity Fee
FCA
CySEC
ASIC
FSCA
B.V.I FSC
Market Maker
2008
Australia, United Kingdom, Cyprus, South Africa
$10/month after 3 months inactivity

Markets.com’s Financial Instruments

We were impressed with Markets.com’s wide range of financial instruments, including over 67 Forex pairs and 2000 share CFDs, which should keep most traders satisfied. 

Spread betting: In addition to a wide range of financial instruments, Markets.com offers spread betting to residents of the UK.  Traders can find thousands of instruments available for spread betting on the Markets.com platform, including Forex, commodities, currencies, and over 2000 stock CFDs. Spread bets are a leveraged product, like CFDs, but you don’t pay Capital Gains Tax or Stamp Duty on profits from spread betting within the UK, making the spread betting account the more profitable option for British traders.

Financial Instruments and Leverage:

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Financial Instrument
Number of Assets
Leverage
Blends
10
5:1
Bonds
4
5:1
Commodities
28
20:1
Stock CFDs
17
5:1
ETFs
60
5:1
Forex
67
30:1
Futures
19
20:1
Indices
40
20:1

  • Forex pairs: Markets.com’s range of Forex pairs is broader than other brokers, including majors, minors, and exotics such as USD/ZAR and ZAR/JPY. 
  • Indices: Markets.com offers a narrow range of spot indices, including the USA 30, USA 500, VIXX, and the USTech100. 
  • Futures: Markets.com offers a limited range of Futures, but these include some of the most popular instruments – the US 30, France 40, and the UK 100. 
  • Stock CFDs: Markets.com offers a broader range of stock CFDs than other brokers. These include popular US tech companies and multinational energy companies. 
  • Commodities: Markets.com offers trading on an extremely wide range of commodities compared to most other brokers. These include metals, energies, and softs such as cotton, wheat, coffee, and soybeans. 
  • Bonds: Markets.com offers a range of four bonds for trading, which is average compared to other brokers.
  • ETFs: Markets.com offers trading on a broader range of ETFs compared to most other brokers. 
  • Blends: Markets.com offers unique trading Blends – stock baskets that track market sectors, the portfolios of legendary investors, or even the fallout from top geopolitical events. There are over a dozen Blends available to trade, including the US Tech Blend, the Cannabis Blend, the Warren Buffett Blend, and the Brexit Winners and Brexit Losers Blends. 

In line with new regulatory restrictions, Markets.com does not allow cryptocurrency trading to retail traders in the UK, but this will be the same for all FCA-regulated brokers.

Markets.com Account and Trading Fees

Although Markets.com offers only one live account, its trading fees are lower than other brokers.  

Trading Fees:  Market.com’s account has a minimum deposit requirement of 100 GBP, making it accessible to most traders. The CFD trading account is commission-free, with spreads that start at 0.6 pips (EUR/USD) on the Markets.com trading platform and 0.8 pips (EUR/USD) on the MT4 and MT5 platforms, which is tighter than other brokers – most other good brokers have a spread of 0.9 pips (EUR/USD).

Account Trading Costs:

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Trading account
Min. Deposit
Min. Spread EUR/USD
Commission
Trading Cost (USD)
Marketsx
USD 100
0.80
Spread Only
8.0
MetaTrader 4
USD 100
0.80
Spread Only
6.0
MetaTrader 5
USD 100
0.80
Spread Only
6.0

We opened and tested Markets.com’s account and found that as advertised, spreads are 0.6 pips on the EUR/USD:

Markets.com's Spreads

Professional Accounts

Professional Trading accounts benefit from increased leverage, preferential trading conditions, and premium research and commentary. Professional traders can also request specific assets be added to the platform. 

However, please note that as a professional trader, you do waive some protections that are in place to protect retail traders, which do not apply to professional traders.

To open a Professional Account, you must fulfil at least two of the following three criteria:

  • The size of your financial instrument portfolio, including cash deposits, exceeds €500,000.
  • You work or have previously worked in the financial sector for at least one year in a professional position.
  • You have carried out transactions, in significant size, on the relevant market at an average frequency of 10 per quarter over the previous 4 quarters.

Overall, Markets.com provides one of the most competitive pricing environments in the industry.

Markets.com’s Deposits and Withdrawals

Markets.com charges low deposit and withdrawal fees compared to other brokers and offers a wide variety of payment methods.

A well-regulated broker, Markets.com ensures that all Anti-Money Laundering rules and regulations are followed. As such, all non-profit funds are returned to the original deposit source. 

Accepted Deposit Currencies: The Markets.com client portal allows traders to deposit funds in 11 currencies, including USD, EUR, GBP, CZK, CHF, PLN, SEK, DKK, NOK, ZAR, and AUD. Markets.com charges a currency conversion fee (of 0.3%)  for transfers in currencies other than Markets.com’s accepted base currencies. This should not be a problem for British traders with GBP trading accounts, but for those wishing to open a USD account, it is something to be aware of.

Funding Methods and Fees: Deposits and withdrawals can be made securely at Markets.com using major debit and credit cards, bank wire transfers, and leading payment services such as Neteller, Skrill, and PayPal.  Markets.com does not charge deposit or withdrawal fees.

The minimum withdrawal amounts are as follows, which depend upon the payment method used:

  • Credit Card/Debit Card – 10 USD/EUR/GBP
  • Neteller/Skrill – 5 USD/EUR/GBP
  • Wire Transfer – 100 USD/EUR/GBP

How Fast are Deposits and Withdrawals Processed?

  • Credit card/debit card transactions take 2-7 days to process upon receipt. After clients have completed Markets.com’s Onboarding Process, deposits will be credited to their trading accounts immediately.
  • Wire transfers take approximately 2-5 business days to process upon receipt.
  • E-wallet deposits and withdrawals can take up to 24 hours to reflect in your trading account.

Overall, Markets.com provides various payment methods, and its processing times are quicker than other similar brokers. Traders will also be pleased that no commissions are charged on deposits or withdrawals.

Markets.com Mobile Trading Platforms

We found that Markets.com’s mobile trading platforms are user-friendly and well-designed compared to other market makers.  

Markets.com offers support for the Markets.com, MT4, and MT5 mobile trading apps for Android and IOS

Markets.com Mobile Trading 

We found that the app has a sleek design and intuitive interface. We could easily transfer, withdraw and deposit funds, search for instruments and create watchlists. It also displays the market sentiment for all instruments:

 

Markets.com Mobile 1

 

However, we were disappointed that it has slightly limited functionality compared to the web trader version of the platform, with fewer chart types, fewer technical indicators, and no integrated news feed. 

MT4 and MT5 Mobile Trading  

The advantage of using the MetaTrader platform is the cross-device and multi-broker functionality, making it easier to change brokers or use multiple brokers.  The Markets.com MT4 and MT5 apps allow traders to work from anywhere, with nine timeframes, 30 indicators, and interactive currency charts. Functionality to close and modify existing orders, calculate profit/loss in real-time, and tick chart trading further empowers traders while on the move.  

Overall, Markets.com provides a good mobile trading experience compared to other similar brokers.

Markets.com Trading Platforms

Markets.com offers support for MT4, MT5, and the Markets.com trading platforms, which is a wider range than is available at most other brokers.

Markets.com Platform

Markets.com Platform

The Markets.com platform is an award-winning and is known for its ease of use and excellent features. We found that it offers advanced charting, making it easier to spot trends and identify new trading opportunities, and comprehensive drawing tools to plot trendlines, channels, pitchforks, Fibonacci Retracements, and much more. We were also impressed to find that the platform allows you to add up to five types of indicators to the chart at once, overlay multiple assets, or compare up to eight instruments side-by-side:

Markets.com Platform Charts

The search function on the Markets.com platform is excellent. We were able to search for specific instruments or use filters to navigate asset classes and subcategories to find new trades. In addition, Markets.com highlights the hottest instruments and the biggest movers with the Featured tab:

Markets.com Platform2

XRay, the personalized financial live-stream service of Markets.com, is also available on the platform, presenting beginner traders with good quality videos:

Markets.com Platform 3

One drawback of the platform is that it does not allow automated trading, but Markets.com offers MT4 and MT5 for these purposes: 

MetaTrader 4

Having established itself as the industry-leading platform, Metatrader 4 (MT4) is considered the most reliable and popular platform in existence. Its intuitive interface and user-friendly environment provide essential tools and resources for successful online trading. However, Markets.com only offers support for the most basic version of MT4, which means that it lacks essential trading features. There are thousands of add-ons available for free, but traders may have to pay extra to take advantage of the platform’s full functionality. 

Metatrader 5

MT5 is more powerful and faster than MT4 when it comes to back-testing functionality for automated trading algorithms.  It also has a built-in news feed, market depth indicator, economic calendar, and trades can be made on the charts. 

Overall, Markets.com‘s trading platform support is one of the best in the industry. Its proprietary Marketsx platform is simpler and easier to learn for beginners and is packed full of useful features.  

Platform Comparison:

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Opening an Account at Markets.com

We found that opening a trading account at Markets.com took less than 24 hours and that it was easy to upload our documents.

We tested the account opening process, which took approximately 10 minutes to complete, and once our documentation had been submitted, our accounts were ready for trading within about 24 hours. 

As a British trader, you are eligible to open an account at FXTM but will need to meet the minimum deposit amount of 100 USD/EUR/GBP to do so.

How to open an account at Markets.com:

  1. We first clicked on the “Create Account” button, which directed us to Markets.com’s intake form.
  2. Markets.com’s intake form required us to fill in our personal details (including name, country of residence, email address, birth date, and level of education). 
  3. We were then required to fill in our financial information and answer questions about our trading knowledge. 
  4. The next step required us to submit a copy of our National ID or Passport with the signature page, as well as a copy of a recent utility bill or bank statement.  Documents can be scanned or sent through as a high-quality digital camera picture.
  5. We advise you to read Markets.com’s risk disclosure, customer agreement, and terms of business before you start trading. 

Our accounts were ready for trading within one day, which is about the industry average. 

Markets.com Trading Tools

While Markets.com offers a wide variety of trading tools through its proprietary platform, it lacks support for third-party tools such as Autochartist and Trading Central, which are frequently available at other brokers. 

Its powerful suite of decision-supporting tools is one of the main strengths of the Markets.com online trading platform. The trading tools menu features several tools that crunch big data from leading analysts, hedge funds, and commentators to give you better insight into the market. Each tool has integrated buy and sell buttons, so you can quickly act upon the information presented.

Tools include:

  • Analyst Recommendations: See what top Wall Street analysts think of leading US stocks. Get price targets and buy/sell ratings on industry leaders like Microsoft, Boeing, Alphabet, and more.
  • Insider Trades: See how executives at companies like Apple, Facebook, and Tesla are trading their own stock. Each trade is marked as informative or uninformative so that you can get a clear picture of insider sentiment.
  • Hedge Fund Confidence: Follow the smart money with the Hedge Fund Confidence tool, which shows you which stocks the world’s top money managers were buying and selling in the previous quarter.
  • Bloggers Opinions: See how top financial bloggers feel about a stock thanks to the Bloggers Opinions tool, which aggregates the latest commentary to tell you if analysts feel bullish or bearish on leading US stocks.
  • News Sentiment: Have the latest headlines been bullish or bearish? Cut through the noise with the News Sentiment tool, which distills the latest news into simple insights you can use to inform your trading decisions.
  • Traders can easily stay on top of market movements and changes in sentiment thanks to the highly customizable alerts function. Set alerts for any instrument based upon price targets or swings, as well as changes in sentiment data (where available). These alerts can be delivered by email or push.

Overall, Markets.com’s tools are comprehensive, but it lacks support for third-party tools. 

Trading Tools Comparison:

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Broker
Autochartist
Trading Central
Trading View
Markets.com
eToro
AvaTrade
 

Analysis Material

Markets.com offers excellent research tools compared to other brokers, including advance charting, an economic calendar, exclusive analysis and commentary, and an updated news section.  

Top financial analysts and industry leaders deliver exclusive analysis and commentary on XRay – the platform’s integrated video streaming service. Traders can access the latest news and views on the major markets and biggest economic developments, technical analysis, company earnings, and more. Markets.com trading platform users often get exclusive access to the latest training and strategies from top educational providers.  See below for more details:

  • XRay: XRay is a tailored, personalised financial live-stream service. Traders can access vital decision-making news, expert views, and commentary, all live and interactive – directly on the Markets.com platform.  
  • News: On top of a packed schedule of regular shows, Markets.com brings you exclusive live coverage of key events, such as central bank decisions and the US nonfarm payrolls reports, as well as political news and breaking market developments.
  • Knowledge Centre: The Knowledge Centre contains video tutorials on using the platform’s features and tools, as well as MARKETS View – where you’ll find the latest commentary and analysis.
  • Notifications: Traders can also stay on top of the events and market developments with rolling market coverage via push and in-platform messages and email.
  • Week Ahead Briefing: Prepare for the coming week’s trading with the Week Ahead briefing, delivered to your inbox every Sunday, and download in-depth guides on top markets to bolster your knowledge.
  • Charting Tools: Markets.com provides excellent charting tools, to which traders can add over 80 technical indicators.
  • Economic Calendar: Markets.com’s economic calendar allows traders to access predictions, trends, and analyses.  

Overall, Markets.com has an excellent analysis section, written or curated by Forex experts, and full of detailed and interesting leads for new trading opportunities. While similarly high-quality market analysis can be found at other brokers, it is rarely in combination with the low trading costs found at markets.com.

Education Material

Traders looking to acquire an in-house education may be somewhat disappointed by the educational offering at Markets.com, which is a little thin compared to other similar brokers.  However, it offers a demo account which gives traders a good feel for the Markets.com trading platform.

The in-platform Knowledge Centre is packed full of content to help traders get the most out of the platform and find more trading opportunities and offers a range of downloadable in-depth guides on top markets.  However, the educational materials are not very well-structured.  

Markets.com also offers free webinars run by some of the top minds in the world of financial markets. Its expert presenters are on hand to answer questions and guide traders through a range of topics, from using its platforms to understanding the ins and outs of the markets.

Demo Accounts

Traders can also open a Demo Account, which allows them to learn the platform’s functionality and understand how the markets work. Demo accounts come loaded with 10,000 USD in virtual funds. The demo account lasts for 30 days but can be extended upon request. It is also fully mobile-compatible, so you can learn how to trade across all your devices.

Overall, Markets.com could improve its educational materials by adding sections for beginners and more advanced traders and creating a more structured educational environment.  

Education Comparison:

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Beginner Course
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Markets.com
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AvaTrade

Customer Support

Markets.com’s customer support is available 24/5, which is the industry average, but the quality of support far surpasses that of other brokers.  

Markets.com aims to deliver a premium trading experience, and VIP support is a large part of its offering. 

Technical support and customer service are available 24/5 in various languages over the phone or in-platform with the Live Chat feature. Traders can also get help via email.  

We found the customer service via live chat responsive, polite, and knowledgeable – they were able to answer all our questions.

Regulation and Industry Recognition

Regulation: Founded in 2010, the Markets.com brand is operated by several regulated entities which are part of the Finalto Group. The brand is operated by its various companies, which are regulated in different jurisdictions, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Europe, the Australian Securities and Investments Commission (ASIC) in Australia, the Financial Sector Conduct Authority (FSCA) in South Africa, and the BVI Financial Services Commission (FSC) for global clients. See below for more details:

  • Finalto Trading Ltd. Is authorised and regulated by the FCA under licence number 607305.
  • Safecap Investments Limited is authorised and regulated by CySEC under licence no. 092/08.
  • Finalto (Australia) Pty Ltd is authorized and regulated by ASIC under licence no. 43906.
  • Finalto (South Africa) Pty Limited is authorised and regulated by the FSCA under licence no. 46860
  • Finalto (BVI) Ltd is authorized and regulated by the BVI FSC under licence number SIBA/L/14/1067.

The longer the track record a broker has, the more proof we have that it has successfully survived previous financial crises, and Markets.com has been in operation for more than a decade. It also has a large international customer base and boasts protection from many top-tier regulators, making it a safe and reliable choice of broker.

Evaluation Process

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker, and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

Forex Broker Scoring

Markets.com Risk Statement

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. Markets.com would like you to know that: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.9% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overview

Markets.com is a well-regulated broker listed on the London Stock Exchange with a wide range of tradable assets and excellent trading conditions on a broad range of trading platforms. The Markets.com trading platform is particularly well-designed and has excellent trading tools that are rarely found at other brokers. British traders will be pleased to find that spread betting is available at Markets.com, which makes trading more profitable. Markets.com also excels in its customer support, and all traders have access to a personal account manager, a rare offering in the industry.  

AlertAccepts UK Clients. Average spread EUR/USD 0.70 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5 , and Markets.com platforms supported. Markets.com is regulated by the FCA, CySEC, ASIC, and the BVI FSC. 79.9% of traders lose money with this provider.
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