Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here

Markets.com Review

4.7/5 - (10 votes)

Markets.com Review (1)

 

Overall, Markets.com can be summarised as a trustworthy and highly regulated Forex Broker that is very competitive in terms of its trading fees. Markets.com offers an easy-to-use social copy trading platform with excellent customer support. In addition, Markets.com offers Ivory Coast traders five retail trading accounts, namely a Basic, Classic, Silver, Gold, and Platinum Account. Markets.com has a trust score of 98 out of 99.

 

🧑‍⚖️Order Execution4/5
💵Commissions and Fees4/5
📈Range of Markets4/5
📊Variety of Markets4/5
⏱️Withdrawal Speed4/5
☎️Customer Support4/5
📉Trading Platform4/5
🎓Education4/5
🗂️Research4/5
👉Regulation5/5
📱Mobile Trading5/5
💯Trust Score98%

 

 

Markets.com Review

 

Markets.com Review – Analysis of Brokers’s Main Features

 

  1. ☑️ Markets.com Overview
  2. ☑️ Markets.com Detailed Summary
  3. ☑️ Markets.com – Advantages over Competitors
  4. ☑️ Who will Benefit from Trading with Markets.com
  5. ☑️ Markets.com Safety and Security
  6. ☑️ Markets.com Bonuses and Promotions
  7. ☑️ Markets.com Affiliate Program Features
  8. ☑️ Markets.com Account Types and Features
  9. ☑️ Markets.com Base Account Currencies and Basic Order Types
  10. ☑️ Markets.com – Slippage and Requote Policy
  11. ☑️ How to Open and Close an Markets.com Account
  12. ☑️ Markets.com Trading Platforms
  13. ☑️ Which Markets Can You Trade with Markets.com?
  14. ☑️ Markets.com Fees, Spreads, and Commissions
  15. ☑️ Markets.com Deposits and Withdrawals
  16. ☑️ Markets.com Education and Research
  17. ☑️ Markets.com Customer Support
  18. ☑️ Markets.com Cashback Rebates Features and Conditions
  19. ☑️ Markets.com Web Traffic Report
  20. ☑️ Markets.com Geographic Reach and Limitations
  21. ☑️ Markets.com vs IG vs FXCM – A Comparison
  22. ☑️ Markets.com Alternatives
  23. ☑️ Markets.com Awards and Recognition
  24. ☑️ Recommendations according to our in-depth review of Markets.com
  25. ☑️ Markets.com Customer Reviews
  26. ☑️ Pros and Cons of Trading with Markets.com
  27. ☑️ In Conclusion
  28. ☑️ Frequently Asked Questions

 

 

Markets.com Review – Analysis of Brokers’s Main Features

 

Markets.com Overview

 

Markets.com is a licensed markets leader who offers access to low spreads and lightning-fast execution. Markets.com offers its services to millions of clients across the globe and traders can choose to trade major markets, including Forex, Shares, Commodities across leading platforms.

Markets.com is fully licensed and regulated in 5 major trading zones, including Australia, Europe, and Asia. Markets.com also makes a multitude of Bonus offers available, including a welcome bonus of +50%.

 

 

Markets.com Overview

 

Markets.com Detailed Summary

 

BrokerMarkets.com
🏦HeadquarteredThe British Virgin Islands
🌎Global OfficesUnited Kingdom, South Africa, Cyprus, Australia, the British Virgin Islands
ℹ️ Local Market Regulator in Ivory CoastBanking Commission of the West African Economic Monetary Union (WAEMU)
📌Foreign Direct Investment in Ivory Coast1.4 billion USD (2021)
€ Foreign Exchange Reserves in Ivory Coast2.5 million USD (April 2024)
🔍Local office in YamoussoukroNone
👤Governor of SEC in Ivory CoastNone
✔️Accepts Ivory Coast Traders?✅ Yes
🔢Year Founded2008
☎️Ivory Coast Office Contact NumberNone
💻Social Media PlatformsFacebook
Instagram
Twitter
YouTube
📈RegulationASIC, CySEC, FSCA, FCA, BVI FSC
👉Tier-1 LicensesFinancial Conduct Authority (FCA)
Australian Securities and Investments Commission (ASIC)
↘️Tier-2 LicensesCyprus Securities and Exchange Commission (CySEC)
Financial Sector Conduct Authority (FSCA)
➡️Tier-3 LicensesBritish Virgin Islands Financial Services Commission (BVI FSC)
🔢License NumberCyprus (Safecap Investments) – 092/08
British Virgin Islands (Finalto) – SIBA/L/14/1067
South Africa (Finalto Pty Ltd) – 46860
South Africa (Safecap Investments Limited) – 43906
United Kingdom (Finalto Trading Ltd) – 607305
Australia (Finalto) – ABN 82158641
🏦Banking Commission of WAEMU RegulationNone
🚩Regional RestrictionsThe United States, Japan, Canada, Belgium, Israel, New Zealand, Russia, Hong Kong, and several other regions
☪️Islamic Account✅ Yes
⚠️Demo Account✅ Yes
🖋️Non-expiring DemoNone
⌛Demo Duration30 days
📝Retail Investor Accounts5
🔖PAMM AccountsNone
📍Liquidity ProvidersNot published
🤝Affiliate Program✅ Yes
🧑‍⚖️Order ExecutionMarket, Instant
💡OCO OrdersNone
🖥️One-Click Trading✅ Yes
🏷️Scalping✅ Yes
☑️Hedging✅ Yes
🗣️Expert Advisors✅ Yes
📰News Trading✅ Yes
⚙️Trading APINone
📝Starting spread0.6 pips EUR/USD
💵Minimum Commission per TradeCommission-free
➡️Decimal Pricing5th decimal pricing after the comma
✳️Margin Call50%
🛑Stop-Out30%
⬇️Minimum Trade Size0.01 lots
⬆️Maximum Trade Size100 lots
✔️Crypto trading offered?✅ Yes
✏️Offers a XAF Account?None
👤Dedicated Ivory Coast Account Manager?None
⬆️Maximum LeverageRetail – 1:30
Professional – 1:300
❌Leverage Restrictions?Yes, based on trading experience
💷Minimum Deposit (XAF)30,300 XAF ($50)
$ Deposit CurrenciesUSD, ZAR, GBP, and EUR
💰Are XAF Deposits Allowed?None
💶Account Base CurrencyUSD, EUR, GBP, DKK, NOK, SEK, PLN, CZK, and AED
✅Active Ivory Coast Trader StatsUnknown
👩‍👧‍👧Active Markets.com customers4.3 million+
👥Active Markets.com customers in Ivory CoastUnknown
🔢Ivory Coast Daily Forex Turnover$5 trillion+ (Overall Forex Globally)
💳Deposit and Withdrawal OptionsBank Wire Transfer
Credit Card
Debit Card
Skrill
Neteller
PayPal
Local Bank Transfer
Ideal
Sofort
⏲️Minimum Withdrawal Time24 hours
🕰️Maximum Estimated Withdrawal Time7 working days
☑️Instant Deposits and Instant Withdrawals?✅ Yes, Deposits
📌Segregated Accounts?✅ Yes
🚩Segregated Accounts in Ivory Coast?None
📊Trading PlatformsMetaTrader 4
MetaTrader 5
Markets.com
⌚Trading Platform TimeN/A
🧐Observe DST ChangeN/A
⏰DST Change Time zoneN/A
🔍Tradable AssetsForex
Shares
Commodities
Indices
Cryptocurrency
ETFs
Bonds
IPO
⚙️Markets.com USD/XAF Forex Pair?None
🌐Are local Stocks and CFDs offered?None
🗣️Languages supported on the WebsiteEnglish, Spanish, Thai, Vietnamese
👥Customer Support LanguagesMultilingual
📝Copy Trading SupportNone
⏱️Customer Service Hours24/5
👩‍👧‍👧Customer Support in Ivory Coast?None
🎁Bonuses and Promotions for Traders?✅ Yes
🎓Education for beginners✅ Yes
💻Proprietary trading software✅ Yes
🎉Most Successful Ivory Coast TraderUnknown
🙂Is Markets.com a safe broker for traders?✅ Yes
📊Rating for Markets.com in Ivory Coast7/10
💯Trust score for Markets.com in Ivory Coast98%

 

 

Markets.com Detailed Summary

 

Markets.com – Advantages over Competitors

 

Markets.com has the following notable advantages over competitors:

 

  • ✅ Access to a Diverse Selection of Trading Instruments Markets.com provides access to diverse trading instruments. This includes Forex, indices, cryptocurrencies, commodities, stocks, and ETFs.
  • ✅ Markets.com provides the popular MetaTrader 4 and MetaTrader 5 platforms and its proprietary platform with a more intuitive interface and advanced charting tools.
  • ✅ Markets.com’s commitment to trader education sets it apart. They provide an extensive library of educational materials suitable for novice and seasoned traders, such as webinars, eBooks, and video tutorials.
  • ✅ Markets.com provides 24-hour-a-day, five-day-a-week customer service in multiple languages, ensuring traders can obtain assistance whenever needed.

 

Finally, Markts.com is regulated by multiple regulatory bodies of the highest calibre, including the CySEC in Cyprus and the FCA in the United Kingdom. This contributes to its credibility and trustworthiness.

 

 

Markets.com – Advantages over Competitors

 

Who will Benefit from Trading with Markets.com

 

  • Markets.com is an excellent option for novice traders due to its extensive educational materials and user-friendly platforms.
  • ✅ Experienced traders will value the extensive selection of trading instruments and the option to use either the MetaTrader or Markets.com proprietary platforms.
  • ✅ Investors with a Long-Term Perspective Markets.com provides a variety of stocks and ETFs to investors with a long-term perspective.
  • ✅ Those looking to diversify their portfolios will find vast assets to trade on Markets.com.

 

 

Markets.com who will benefit

 

Markets.com Safety and Security

 

Markets.com Regulations in Ivory Coast

 

Markets.com is not currently regulated by the Banking Commission of the West African Economic Monetary Union (WAEMU). However, Markets.com is well-regulated by several reputable market regulators in other countries, per the table in the following section.

 

Markets.com Global Regulations

 

🔍 Registered Entity🌎 Country of Registrationℹ️ Company Reg.📈 Regulatory Entity🚩 Tier🔢 License Number/Ref
🥇Safecap InvestmentsCyprus186196CySEC2092/08
🥈FinaltoBritish Virgin IslandsN/ABVI FSC3SIBA/L/14/1067
🥉Finalto Pty LtdSouth AfricaN/AFSCA246860
🏆Safecap Investments LimitedSouth AfricaN/AFSCA243906
🏅Finalto Trading LtdUnited Kingdom08663212FCA1607305
🎉Finalto (Australia) Pty LtdAustraliaABN 82 158 641 064ASIC1AFSL 424008

 

How Markets.com Protects Ivory Coast Traders and Client Funds

 

🔍 Security Measureℹ️ Information
📊Segregated Accounts✅ Yes
👤Compensation Fund Member✅ Yes
💵Compensation Amount20,000 EUR / 85,000 GBP
📝SSL Certificate✅ Yes
👉2FA (Where Applicable)✅ Yes
⛔Privacy Policy in Place✅ Yes
📌Risk Warning Provided✅ Yes
❌Negative Balance Protection✅ Yes
🛑Guaranteed Stop-Loss OrdersNone

 

Security while Trading

 

Markets.com takes security seriously and implements comprehensive measures to protect traders’ funds across different regulatory jurisdictions.

 

  • Segregated Bank Accounts: Client funds are held separately from the company’s funds in dedicated bank accounts, ensuring their safety and protection.
  • Electronic Verification: Robust verification processes are implemented to verify the identity of clients, enhancing security measures.
  • Negative Balance Protection: Traders are safeguarded against losses exceeding their account balance, minimizing potential risks.
  • Investor Compensation Fund: An additional layer of protection is available, providing compensation in case of unforeseen circumstances.
  • Comprehensive Global Coverage: Security measures are implemented across multiple jurisdictions to ensure the safety of traders’ funds.

 

Pros and Cons Regulation and Safety of Funds

 

✅ Pros❎ Cons
Markets.com applies negative balance protection to all retail accountsMarkets.com is not currently regulated in the Ivory Coast

 

 

Markets.com Safety and Security

 

Markets.com Bonuses and Promotions

 

  • ✅ First Deposit Bonus
  • ✅ 20% Deposit Bonus
  • ✅ Referral Bonus

 

First Deposit Bonus

 

Markets.com introduces the First-Time Deposit Bonus Program, available until December 31, 2024. New clients can receive a 20% bonus on their initial deposit. For instance, if clients deposit 49,300 XAF, they will be eligible for a bonus of 9,800 XAF.

The maximum bonus per client is set at 66,000 XAF. To qualify for this program, clients must meet specific eligibility criteria, such as being an individual, a new client, and not being based in a prohibited jurisdiction or an employee of the company.

 

20% Deposit Bonus

 

Markets.com presents the Deposit Bonus Program, offering clients a financial reward for their deposits during the promotional period until December 31, 2024.

Under this program, clients can receive a bonus based on their initial deposit, ranging from 20% of the deposit amount for deposits between USD 100 and USD 10,000.

The maximum bonus that can be granted is USD 15,000. To be eligible for this program, clients must fulfil certain conditions, including successful registration, KYC and AML compliance, and depositing within the promotional period.

 

Referral Bonus

 

With Markets.com, clients can earn referral bonuses by introducing friends to the platform. Each referred person who joins and makes an initial deposit can earn the referring client up to $1,000.

The referral program offers a simple and rewarding way to earn extra income through online trading. The referral bonus amount increases based on the deposit made by the referee. For deposits ranging from $100 to $500, the referring client can receive $200 or $50.

Higher deposits lead to higher potential earnings, with deposits between $500 and $1,000 yielding $500 or $150, deposits between $1,000 and $2,000 resulting in $750 or $250, and deposits of $2,000 or more earning an impressive $1,000 or $375.

 

 

Markets.com Bonuses and Promotions

 

Markets.com Affiliate Program Features

 

The Markets.com Affiliate Program offers a comprehensive range of features, making it a highly attractive option for affiliate marketers.

One standout feature is the dedicated relationship manager provided to each affiliate. This industry specialist offers valuable client education and support, ensuring affiliates have the guidance they need to succeed.

Another notable aspect is the ability to access customized landing pages. These pages are designed in collaboration with Markets.com, allowing affiliates to display their firm’s name, enhancing their branding and visibility in the market.

Affiliates also benefit from a wide range of domestic and international assets, providing ample opportunities for attracting traders of various preferences. The advanced trading platforms available cater to traders of all levels, from beginners to professionals, ensuring a seamless and user-friendly experience.

The program’s technical trading tools, including the patented web portal, enable affiliates to monitor their clients’ real-time activities. This valuable insight allows affiliates to stay informed and make informed decisions, ultimately optimizing their marketing efforts.

The program further offers attractive rebate programs and benefits. Affiliates can enjoy tailored initiatives such as refer-a-friend and deposit opportunities, providing additional avenues to earn rewards and boost their earnings.

Regarding trading conditions, Markets.com ensures favourable terms for affiliates and their referred traders.

This includes free deposits and withdrawals, commission-free transactions, and the lowest spreads across all available assets. Such conditions contribute to competitive and cost-effective trading, making the affiliate program even more appealing.

 

How to open an Affiliate Account with Markets.com

 

To register an Affiliate Account, Ivory Coasts can follow these steps:

 

  • ✅ Open your preferred web browser and enter “Markets.com Affiliates” in the search bar to access the Markets.com Affiliates website.
  • ✅ Before signing up, thoroughly review the partnership offers, terms and conditions, Privacy Policy, and client agreement provided by Markets.com.
  • ✅ Click on the “Become a partner today” banner to begin registration.
  • ✅ Fill out the Affiliate account application by providing your username, first and last name, email address, and mobile phone number.
  • ✅ Create a password and select your country from the drop-down menu. Additionally, provide your firm’s details, including its name and website address.
  • ✅ Submit your application by clicking “Register.”
  • ✅ A representative from Markets.com’s affiliate customer team will contact you to provide updates on the status of your application.

 

 

Markets.com Affiliate Program Features

 

Markets.com Account Types and Features

 

🔍 Live Account💵 Minimum Dep.⏱️ Average Spread💷 Commissions💶 Average Trading Cost
📌Basic61,000 XAF / $1000.6 pipsNone6 USD
🚩Classic601,000 XAF / $1,0000.6 pipsNone6 USD
🥈Silver1.5m XAF / $2,5000.6 pipsNone6 USD
🥇Gold15m XAF / $25,0000.6 pipsNone6 USD
💍Platinum30m XAF / $50,0000.6 pipsNone6 USD

 

Markets.com does not currently publish the typical spreads under its accounts section. Furthermore, the pricing available does not indicate which account type it applies to.

 

Markets.com Live Trading Account Details

 

Basic Account

 

The Basic Account is designed for beginners and traders who prefer a simplified trading experience. It offers access to various trading instruments and basic account features, making it an ideal starting point for those new to trading.

 

🔍 Account Featureℹ️ Information
💰Minimum Deposit61,000 XAF / $100
📊Daily Analysis Offered✅ Yes
🖥️Desktop and Mobile Trader Offered✅ Yes
🎓Access to Video Tutorials✅ Yes
🗣️Chat Customer Support✅ Yes
💻Access to Webinars✅ Yes
✔️Is a demo Account Available?✅ Yes
❌Negative Balance Protection✅ Yes
🆓Fee Conversions Applied✅ Yes
📌Option to Use One-Click Trading✅ Yes
👤Recommendations from Analysts✅ Yes
🛑Stop-Out50%

 

Classic Account

 

The Classic Account is a step from the Basic Account, providing traders with enhanced features and tools. It offers a broader selection of tradable assets, more advanced trading options, and additional account benefits to support traders’ strategies.

 

🔍 Account Featureℹ️ Information
💰Minimum Deposit601,000 XAF / $1,000
📊Daily Analysis Offered✅ Yes
🖥️Desktop and Mobile Trader Offered✅ Yes
🎓Access to Video Tutorials✅ Yes
🗣️Chat Customer Support✅ Yes
💻Access to Webinars✅ Yes
✔️Is a demo Account Available?✅ Yes
❌Negative Balance Protection✅ Yes
💸Fee Conversions Applied✅ Yes
📌Option to Use One-Click Trading✅ Yes
👥Recommendations from Analysts✅ Yes
👤Communication with a Senior Account ManagerMonthly
🛑Stop-Out50%

 

Silver Account

 

The Silver Account suits traders who have gained experience and seek more comprehensive features. It offers increased leverage, competitive spreads, advanced trading tools, and additional benefits such as personalized support and educational resources.

 

🔍 Account Featureℹ️ Information
💰Minimum Deposit1.5 million XAF / $2,500
📊Daily Analysis Offered✅ Yes
🖥️Desktop and Mobile Trader Offered✅ Yes
🎓Access to Video Tutorials✅ Yes
🗣️Chat Customer Support✅ Yes
💻Access to Webinars✅ Yes
✔️Is a demo Account Available?✅ Yes
❌Negative Balance Protection✅ Yes
💸Fee Conversions Applied✅ Yes
📌Option to Use One-Click Trading✅ Yes
👥Recommendations from Analysts✅ Yes
👤Communication with a Senior Account ManagerBi-Monthly
📲Margin Call SMS✅ Yes
🎁Higher Bonus Level✅ Yes
💳Wire Transfer Fees – Reimbursement✅ Yes
📉Research from a Reuters Analyst (Stocks)✅ Yes
🛑Stop-Out50%

 

Gold Account

 

The Gold Account is designed for seasoned traders seeking premium features and services. It provides even lower spreads, higher leverage, priority customer support, access to exclusive market analysis, and other premium perks to optimize the trading experience.

 

🔍 Account Featureℹ️ Information
💰Minimum Deposit15 million XAF / $25,000
📊Daily Analysis Offered✅ Yes
🖥️Desktop and Mobile Trader Offered✅ Yes
🎓Access to Video Tutorials✅ Yes
🗣️Chat Customer Support✅ Yes
💻Access to Webinars✅ Yes
✔️Is a demo Account Available?✅ Yes
❌Negative Balance Protection✅ Yes
💸Fee Conversions Applied✅ Yes
📌Option to Use One-Click Trading✅ Yes
👥Recommendations from Analysts✅ Yes
👤Communication with a Senior Account ManagerWeekly
📲Margin Call SMS✅ Yes
🎁Higher Bonus Level✅ Yes
💳Wire Transfer Fees – Reimbursement✅ Yes
📉Research from a Reuters Analyst (Stocks)✅ Yes
📍Spread Reduction Available✅ Yes
🛑Stop-Out40%
💵Temporary Deposit Credit✅ Yes

 

Platinum Account

 

The Platinum Account is the highest tier offered by Markets.com, catering to professional traders and high-volume investors.

Furthermore, the Platinum Account offers the most favourable trading conditions, including the lowest spreads, maximum leverage, dedicated account managers, custom trading solutions, and VIP privileges.

 

🔍 Account Featureℹ️ Information
💰Minimum Deposit30 million XAF / $50,000
📊Daily Analysis Offered✅ Yes
🖥️Desktop and Mobile Trader Offered✅ Yes
🎓Access to Video Tutorials✅ Yes
🗣️Chat Customer Support✅ Yes
💻Access to Webinars✅ Yes
✔️Is a demo Account Available?✅ Yes
❌Negative Balance Protection✅ Yes
💸Fee Conversions Applied✅ Yes
📌Option to Use One-Click Trading✅ Yes
👥Recommendations from Analysts✅ Yes
👤Communication with a Senior Account Manager✅ Yes
📲Margin Call SMS✅ Yes
🎁Higher Bonus Level✅ Yes
💳Wire Transfer Fees – Reimbursement✅ Yes
📉Research from a Reuters Analyst (Stocks)✅ Yes
📍Spread Reduction Available✅ Yes
🛑Stop-Out30%
💵Temporary Deposit Credit✅ Yes
💴Reimbursement of Withdrawal Fees✅ Yes
💷Exchange Rate Fee Covered?✅ Yes
🗂️Access to an In-Depth Portfolio Analysis✅ Yes
📈Access to Higher Leverage✅ Yes

 

Markets.com Demo Account

 

Markets.com presents traders with an exceptional opportunity to open a Demo Account, providing them with a valuable learning experience to familiarize themselves with the platform’s functionality and gain profound insights into market dynamics.

The Demo Account comes with a substantial virtual fund of 10,000 USD, empowering traders to practice their trading strategies and thoroughly explore the platform’s features without risking real money.

While the default duration of the demo account is set at 30 days, traders can request an extension if they require additional time for practice.

Furthermore, the Demo Account is fully compatible with mobile devices, enabling traders to seamlessly learn and trade across multiple devices, thus enhancing convenience and accessibility.

 

Markets.com Islamic Account

 

Markets.com offers an Islamic Account, adhering to the principles of Islamic Sharia law. This swap-free trading account ensures that interest accrual on deposited funds is strictly prohibited.

Additionally, immediate payments are required, necessitating the swift transfer of money between accounts as soon as a transaction is completed and fully paid for.

The spreads associated with the Islamic Account vary based on several factors, including the financial instrument being traded and the prevailing market conditions on the day of trading.

For the EUR/USD pair, Markets.com typically offers spreads starting at 0.6 pips. Traders utilizing the Islamic Account gain access to over 2,200 tradable products across multiple asset classes, opening doors to a wide range of trading opportunities on a global scale.

 

Markets.com Professional Account

 

Tailored to the needs of experienced traders seeking enhanced trading opportunities, Markets.com offers a Professional Account. By meeting the eligibility criteria as an elective professional trader, individuals can enjoy various unique advantages, including increased leverage.

 

To qualify, traders must meet at least two of the following criteria:

 

  • ✅ Possess a financial instrument portfolio, including cash deposits, exceeding €500,000.
  • ✅ Have at least one year of professional experience in the financial sector
  • ✅ Have conducted significant-sized transactions on the relevant market, averaging 10 per quarter over the past 4 quarters.

 

Furthermore, Ivory Coast traders who do not meet these criteria can still trade as retail clients on the exceptional platform, accessing the same tools used by professional traders.

The Professional Account offers numerous benefits, including the option to request a lower spread profile, access to premium analysis reports, and the opportunity to request additional instruments to be added to the platform.

Professional traders also receive personalized support from a dedicated point of contact. However, it is crucial to note that transitioning to a Professional Trader account entails waiving certain protections provided to retail traders.

These include restrictions on CFDs imposed by national regulators, disclosures concerning Markets.com’s services and financial instruments, order execution considerations, safeguarding funds, and entitlement to compensation under the Investor Compensation Fund.

 

Pros and Cons Markets.com Account Types and Features

 

✅ Pros✅ Cons
Traders can convert their live trading accounts into Islamic AccountsMarkets.com does not provide a transparent spread list according to each account type. Instead, there is just a general idea of the spreads that can be expected when trading

 

 

Markets.com Account Types and Features

 

Markets.com Base Account Currencies and Basic Order Types

 

Markets.com Base Account Currencies

 

When opening an account with Markets.com, Ivory Coast residents can choose their default account currency from various options, including USD, EUR, GBP, DKK, NOK, SEK, PLN, CZK, and AED.

However, it is worth noting that conducting transactions in XAF may incur associated currency translation costs for Ivory Coast traders, which could potentially impact their overall profitability.

Traders should carefully consider the potential implications and costs of currency conversions when selecting their preferred account currency, ensuring it aligns with their specific trading needs and objectives.

 

Markets.com Basic Order Types

 

Markets.com’s basic order types are as follows:

 

  • ✅ Market Orders
  • ✅ Pending Orders
  • ✅ Take Profit
  • ✅ Stop-Loss Orders

 

Market Orders

 

A Market Order is a request to buy or sell a Contract for Difference (CFD) at the prevailing market price as promptly as possible, opening a trade position. CFDs are purchased at the ASK price and sold at the BID price.

Furthermore, with Markets.com, Market Orders are available for all accounts. In addition, Market Orders can be accompanied by Stop Loss and Take Profit Orders.

 

Pending Orders

 

Pending Orders are requests to buy or sell a CFD at a pre-defined price in the future once a certain price is reached. Markets.com offers four Pending Orders: Buy Limit, Buy Stop, Sell Limit, and Sell Stop.

These orders are executed when the price reaches the specified level. However, executing at the requested price may be impossible under certain trading conditions. Markets.com can execute the order at the first available price in such cases.

Stop Loss and Take Profit Orders can be attached to a Pending Order and are valid until cancelled. In addition, Pending Orders are available for all accounts with Markets.com.

 

Take Profit

 

Take Profit Orders are intended to secure profit when the price of a CFD reaches a specific level. The execution of this order results in the complete closure of the entire position and is always connected to an open, market, or pending order.

In addition, the Markets.com platform checks long positions with the BID price and short positions with the ASK price to determine if the provisions of the Take Profit Order have been met.

 

Stop-Loss Orders

 

Stop-Loss Orders are used to minimize losses if the price of a CFD begins to move in an unprofitable direction. If the price of the CFD reaches the Stop-Loss level, the entire position will be automatically closed.

Stop-Loss Orders are always connected to an open, market, or pending order. The Markets.com platform checks long positions with the BID price and short positions with the ASK price to determine if the provisions of the Stop-Loss Order have been met.

 

Markets.com – Slippage and Requote Policy

 

Slippage

 

Markets.com has established a comprehensive slippage policy to manage price fluctuations and maintain a well-regulated trading environment.

When executing CFD orders, the platform endeavors to close or execute trades at the specified price unless otherwise specified by the trader.

It is important to acknowledge that the prices of financial instruments and underlying markets can experience rapid and unpredictable movements, particularly during periods of high volatility and low liquidity.

As a result, there may be instances where price gaps or disparities occur between the requested order price and the actual execution price. Traders should exercise caution and be aware of these risks, particularly when trading in volatile markets close to the opening or closing of trading sessions.

The execution price could significantly differ from the last reported price, quoted Ask or Bid price, or the previous day’s closing price. Various factors, including market conditions, system constraints, and data vendors’ exchanges, can contribute to substantial price variations.

Overall, Markets.com is steadfast in its commitment to upholding market integrity and stability and takes necessary measures to ensure an orderly trading environment.

 

Requotes

 

Markets.com implements a requote policy that aligns with regulatory obligations in order execution. It is essential to note that during instances of price slippage or market gapping, orders may be executed at prices that significantly differ from those indicated in the Electronic

Trading Platform at the time of order placement. In such situations, the Guaranteed-Stop Loss will be set to the initial Margin amount corresponding to the actual execution price of the order.

 

 

Markets.com Base Account Currencies and Basic Order Types

 

 

How to Open and Close an Markets.com Account

 

How to open an Account with Markets.com

 

Opening an account with Markets.com is a straightforward process for Ivory Coast traders. Follow these steps:

 

  • ✅ Visit the Markets.com website and locate the “Create Account” or “Sign Up” button, typically in the homepage’s top right corner.
  • ✅ Provide basic personal information, including your name, email address, phone number, and country of residence. You may also be asked to create a username and password.
  • ✅ As part of regulatory compliance, Markets.com, like most online brokers, will assess your knowledge and experience in trading. Expect questions regarding your trading experience, risk understanding, and financial situation.
  • ✅ To comply with financial regulations, Markets.com will need to verify your identity. You will be prompted to upload a scan or photo of a valid ID (such as a passport or driver’s license) and proof of address (such as a utility bill or bank statement).
  • ✅ Once your account is verified, you can deposit into your trading account. Markets.com offers various payment methods, including credit/debit cards, bank transfers, and online payment systems. The minimum deposit amount varies based on your country and regulatory requirements.
  • ✅ After your deposit is processed, you can commence trading. Access Markets.com’s trading platform to place trades on diverse financial instruments.

 

How to close My Account with Markets.com

 

To close a live trading account with Markets.com, Ivory Coast traders can follow these steps:

 

  • ✅ Before initiating the account closure, ensure that you withdraw any remaining funds. Log into your account, navigate the withdrawal section, and follow the instructions.
  • ✅ Once your funds have been successfully withdrawn, contact Markets.com’s customer support to request the closure of your account. This can typically be done through email, live chat, or phone. Clearly state your intention to close the account.
  • ✅ The customer support team will guide you through the account closure process. They may request additional information or require specific steps to confirm your identity and the account closure decision.
  • ✅ Upon processing your request, you should receive confirmation that your account has been closed.

 

 

Markets.com How to open and close account

 

Markets.com Trading Platforms

 

MetaTrader 4

 

Markets.com provides the popular and user-friendly MetaTrader 4 (MT4) trading platform, which includes a variety of advantages. MT4 provides traders with Expert Advisors, micro-lots, hedging, and one-click trading, among other features. Principal benefits of MT4 include:

 

  • Automate trading strategies with powerful algorithmic plug-ins to enable efficient and precise trading.
  • Fast Order Execution and Competitive Spreads: Enjoy a dependable trading environment with swift order execution and competitively low spreads.
  • ✅ Access to streamlined analysis tools and various technical indicators facilitates intuitive chart analysis and decision-making.
  • Trade Micro Lots: Adjust risk management strategies by trading micro lots as small as 0.01, which provides position sizing flexibility.

 

Markets.com MetaTrader 4

 

MetaTrader 5

 

Markets.com provides MetaTrader 5, an upgraded version of the MetaTrader 4 trading platform. MT5 is designed for trading multi-asset derivatives, especially CFDs, and offers enhanced functionality and advanced features. Key characteristics and advantages of MT5 include:

 

  • Enhanced Trade Management Capabilities: Manage positions and exposure, and implement a broader array of risk management strategies, enhancing trade management overall.
  • ✅ Utilize the MQL5 programming language to develop customized trading robots and indicators, thereby automating trading strategies.
  • Access comprehensive charting tools with multiple timeframes, various technical indicators, and advanced market analysis tools with intuitive charts.
  • MT5 introduces advanced features and enhancements over MT4, such as hedging capabilities, faster execution speed, and the capacity to add unlimited symbols to the trading platform.

 

 

Markets.com MetaTrader 5

 

Markets.com

 

Markets.com provides traders with a professional-level trading environment on a user-friendly platform, enabling the secure purchase and sale of financial instruments.

The platform intends to improve traders’ confidence and decision-making skills by providing in-depth insights and analysis. Here are a few distinctive characteristics of the Markets.com platform:

 

  • In-App Financial Analysis: Gain access to real-time commentary and analysis from renowned analysts who provide valuable insights featured on BBC, Bloomberg, and CNBC.
  • Market Sentiment Analysis: Monitor other traders’ bullish or bearish positions in real-time to stay abreast of market sentiment.
  • Learn from industry icons such as Warren Buffet and Carl Icahn through the “guru” feature, which enables traders to trade like seasoned professionals.
  • Trade Alerts Notifications: Receive timely updates on your mobile device, ensuring you never miss significant price adjustments.
  • Risk Management Instruments: Employ a variety of risk management instruments to handle transactions and minimize losses effectively.
  • ✅ Before executing trades, trading calculators evaluate position sizes, margin requirements, and potential returns, enabling confident decision-making.

 

Pros and Cons Markets.com Trading Platforms

 

✅ Pros❎ Cons
Traders have access to MT4, MT5, and the Markets.com trading platformThe Markets.com platform is currently only available on iOS and Android mobile devices

 

 

Markets.com Trading Platforms

 

Which Markets Can You Trade with Markets.com?

 

Ivory Coast traders can expect the following range of markets from Markets.com:

 

  • ✅ Forex
  • ✅ Shares
  • ✅ Commodities
  • ✅ Indices
  • ✅ Cryptocurrency
  • ✅ ETFs
  • ✅ Bonds
  • ✅ IPO

 

Financial Instruments and Leverage offered by Markets.com

 

🔍Instrument🔢 Number of Assets Offered⬆️ Max Leverage Offered
📌Forex561:30 – Retail
1:300 – Pro
🚨Shares8291:5 – Retail
1:1- – Pro
💡Commodities231:30 – Retail
1:300 – Pro
🚩Indices311:20 – Retail
1:200 – Pro
💰Cryptocurrency251:2 – Retail
1:5 – Pro
💻ETFs771:5 – Retail
1:100 – Pro
➡️Bonds41:5 – Retail
1:100 – Pro

 

Pros and Cons Markets.com Range of Markets

 

✅ Pros❎ Cons
Markets.com provides traders access to more than 2,200 financial instruments that can be tradedMarkets.com places leverage restrictions on retail traders
Traders can easily diversify their portfolios using Markets.com’s instruments and powerful trading platformsThere are no local CFDs offered to Ivory Coast traders

 

 

Markets.com which markets can you trade with

 

Markets.com Fees, Spreads, and Commissions

 

Markets.com Spreads

 

Markets.com offers a distinctive service with competitive spreads tailored to market conditions, specific trading times, and traded financial instruments.

As a result, Ivory Coast traders engaging in leveraged trading through Markets.com can focus solely on the spread, as the broker’s fee is already incorporated. Here are some examples of typical spreads for various instruments traded on Markets.com:

 

🔍Instrument📌Typical Spread
➡️EUR/USDFrom 0.6 pips
✏️GBP/USDFrom 0.9 pips
✳️Brent OilFrom 0.04 pips
ℹ️ XAU/USDFrom 0.3 pips
🛎️XAG/USDFrom 0.03 pips
👉US NASDAQ 100From 2 USD
🚩VIXFrom 0.1 USD
€ EURO BUND ETFFrom 0.06 EUR
⌛BTC/USDFrom 65 pips

 

Markets.com Commissions

 

Markets.com does not apply any commission fees for facilitating trades. Instead, the broker fee is included in the spread as a markup.

 

Markets.com Overnight Fees, Rollovers, or Swaps

 

Overnight fees, or rollovers or swaps, are charges or credits applied to open positions held in the forex or futures market overnight.

When a trader holds a position beyond the daily market close, a rollover occurs, and the trader either pays or receives interest based on the interest rate differential between the two currencies involved. The typical overnight fees that traders can expect from Markets.com are as follows:

 

🔍Instrument➡️ Short Swap👉 Long Swap
➡️EUR/USD-5.42945 pips-16.5668 pips
✏️GBP/USD-9.44057 pips-15.841 pips
✳️Brent Oil-0.81792 pips-2.99903 pips
ℹ️ XAU/USD-14.228 pips-52.169 pips
🛎️XAG/USD-1.73592 pips-6.36503 pips
👉US NASDAQ 100-15.4783 pips-216.697 pips
🚩VIX-0.04122 pips-0.57711 pips
€ EURO BUND ETF-1.3903 pips-1.8191 pips
⌛BTC/USD-12%-25%

 

Markets.com Deposit and Withdrawal Fees

 

Markets.com does not charge any fees for the deposit or withdrawal methods offered.

 

Markets.com Inactivity Fees

 

Trading accounts are subject to inactivity fees if there is a continuous period of 90 days without any trading activity. In the case of inactivity, a fee of $10 will be applied to the trading account until the balance reaches zero. Once the account balance reaches zero, the account will be closed.

 

Markets.com Currency Conversion Fees

 

Markets.com implements currency conversion fees calculated as 0.6% multiplied by the conversion rate. These fees are applicable when there is an exchange of currencies.

 

Pros and Cons Markets.com Trading and Non-Trading Fees

 

✅ Pros❎ Cons
Markets.com offers competitive trading conditions, with commission-free tradingMarkets.com does not publish a comprehensive list of spreads per account type
The spreads charged are competitively lowMarkets.com applies an inactivity and currency conversion fee

 

 

Markets.com Fees, Spreads, and Commissions

 

Markets.com Deposits and Withdrawals

 

Markets.com offers Ivory Coast traders the following deposit and withdrawal methods:

 

  • ✅ Bank Wire Transfer
  • ✅ Credit Card
  • ✅ Debit Card
  • ✅ Skrill
  • ✅ Neteller
  • ✅ PayPal
  • ✅ Local Bank Transfer
  • ✅ Ideal
  • ✅ Sofort

 

Broker Comparison: Deposit and Withdrawals

 

🔍 Broker🥇 Markets.com🥈 IG🥉 FXCM
⏰Minimum Withdrawal Time24 hours1 business dayInstant
⏱️Maximum Estimated Withdrawal Time7 working daysUp to five business daysUp to 2 working days
✔️Instant Deposits and Instant Withdrawals?✅ Yes, Deposits✅ Yes, Deposits on PayPal✅ Yes

 

Markets.com Deposit and Withdrawal Details – Payment Methods, currencies, processing time, etc.

 

💸 Payment Method🌎 Regulatory Regions€ Deposit Currencies💳 Deposit Processing⌛ Withdrawal Processing💷 Minimum Withdrawal
💻Bank Wire TransferEurope, Australia, UK, BVIUSD, EUR, GBP, DKK, NOK, SEK, PLN, CZK, AED1 to 2 days2 to 5 days100 USD, EUR, GBP
20 EUR (EU)
💳Credit CardEurope, Australia, UK, BVIUSD, EUR, GBP, DKK, NOK, SEK, PLN, CZK, AEDUp to 24 hours2 to 7 days10 USD, EUR, GBP
💳Debit CardEurope, Australia, UK, BVIUSD, EUR, GBP, DKK, NOK, SEK, PLN, CZK, AEDUp to 24 hours2 to 7 days10 USD, EUR, GBP
📌SkrillEurope, Australia, BVIUSD, EUR, GBP, DKK, NOK, SEK, PLN, CZK, AEDN/AUp to 24 hours5 USD, EUR, GBP
➡️NetellerEurope, Australia, BVIUSD, EUR, GBP, DKK, NOK, SEK, PLN, CZK, AEDN/AUp to 24 hours5 USD, EUR, GBP
💷PayPalEuropeUSD, EUR, GBP, DKK, NOK, SEK, PLN, CZK, AEDN/AUp to 24 hoursN/A
🖥️Local Bank TransferEurope, Australia, UK, BVIUSD, EUR, GBP, DKK, NOK, SEK, PLN, CZK, AEDN/A2 to 5 daysN/A
👉IdealEuropeUSD, EUR, GBP, DKK, NOK, SEK, PLN, CZK, AEDN/AUp to 24 hoursN/A
💡SofortEuropeUSD, EUR, GBP, DKK, NOK, SEK, PLN, CZK, AEDN/AUp to 24 hoursN/A

 

How to Deposit Funds with Markets.com

 

To deposit funds to an account with Markets.com, Ivory Coast traders can follow these steps:

 

  • ✅ Visit the official Markets.com website and log into your trading account.
  • ✅ Once logged in, navigate to the “Deposit” or “Fund Your Account” section.
  • ✅ Markets.com offers multiple deposit methods, including credit/debit cards, bank transfers, and online payment systems. Choose the method that is most convenient for you.
  • ✅ Specify the amount you wish to deposit into your trading account, ensuring it meets the minimum deposit requirement.
  • ✅ Depending on the selected deposit method, you will be prompted to provide additional information. You must enter your card details for credit/debit card deposits; for bank transfers, you must provide your bank account information.
  • ✅ Review all the entered information to ensure accuracy, then confirm the deposit. The funds should reflect in your trading account within the processing time specified for your chosen deposit method.

 

Markets.com Fund Withdrawal Process

 

To withdraw funds from an account with Markets.com, Ivory Coast traders can follow these steps:

 

  • ✅ Go to the official Markets.com website and log in using your trading credentials.
  • ✅ Once successfully logged in, locate the withdrawals-only section. This area is typically found in the “My Account” menu or on your account dashboard.
  • ✅ Markets.com provides various withdrawal options, including credit/debit cards, bank transfers, and online payment systems. Choose the method that suits your preferences. Note that some brokers may require using the same method for deposits and withdrawals.
  • ✅ Indicate the specific amount you wish to withdraw from your trading account. Familiarize yourself with any minimum withdrawal requirements that may be in place.
  • ✅ Depending on your withdrawal option, you may need to provide additional information, such as your bank account details, for a bank transfer.
  • ✅ Once you have verified the accuracy of all provided information, confirm your withdrawal request. The funds should be sent to your designated account within the designated processing period associated with your chosen withdrawal method.

 

Pros and Cons Markets.com Deposits and Withdrawals

 

✅ Pros❎ Cons
There are flexible payment methods available for deposits and withdrawals with Markets.comXAF is not an accepted deposit or withdrawal currency
Deposits and withdrawals are free with Markets.comInstant withdrawals are not available

 

How long do Markets.com Deposits take?

The processing time for Markets.com deposits can vary. In some cases, deposits may be instant, while in others, it may take a few days. The duration depends on the payment method used by Ivory Coast traders to fund their accounts.

 

How long do Markets.com Withdrawals take?

Withdrawals from Markets.com are typically processed within 24 hours. However, the time it takes for the funds to reach you may vary depending on the withdrawal method.

The funds can take several days to reflect in your account, depending on the processing time associated with the withdrawal method.

 

 

Markets.com Deposits and Withdrawals

 

Markets.com Education and Research

 

Education

 

Markets.com offers the following Educational Materials to Ivory Coast traders:

 

  • ✅ Glossary
  • ✅ Webinars
  • ✅ Education Centre
  • ✅ How-to-Guides
  • ✅ Trading 101
  • ✅ Blogs
  • ✅ Educational Videos
  • ✅ FAQ section

 

Markets.com Research and Trading Tool Comparison

 

🔍Broker🥇 Markets.com🥈 IG🥉 FXCM
📆Economic CalendarNone✅ Yes✅ Yes
📌VPSNone✅ Yes✅ Yes
➡️AutoChartistNone✅ YesNone
📈Trading View✅ YesNone✅ Yes
🏦Trading CentralNoneNoneNone
📊Market Analysis✅ Yes✅ Yes✅ Yes
📰News Feed✅ Yes✅ Yes✅ Yes
💻Blog✅ Yes✅ Yes✅ Yes

 

Markets.com also offers Ivory Coast traders the following additional Research and Trading Tools:

 

  • ✅ Trading Tools
  • ✅ News
  • ✅ Webinars
  • ✅ Traders’ Clinic
  • ✅ Trading Calculator
  • ✅ Expert Insights
  • ✅ Market Sentiment Analysis

 

Pros and Cons Markets.com Education and Research

 

✅ Pros❎ Cons
Traders can access a range of features from the trading platforms and websiteMarkets.com does not offer any VPS
Markets.com offers MT4, MT5, and the Markets.com app with robust features, tools, and moreThere is limited education when compared to other brokers

 

 

Markets.com Education and Research

 

Markets.com Customer Support

 

🔍 Customer Support👩‍👧‍👧 Markets.com Customer Support
🕰️Operating Hours24/5
🗣️Support LanguagesArabic, Afrikaans, Bulgarian, French, German, Greek, Italian, Spanish
👤Live Chat✅ Yes
💻Email Address[email protected]
☎️Telephonic Support✅ Yes
💯The overall quality of Markets.com Support4/5

 

Pros and Cons Markets.com Customer Support

 

✅ Pros❎ Cons
Traders can contact Marekts.com 24 hours a day, 5 days a weekMarkets.com does not offer any 24/7 customer support

 

 

Markets.com Customer Support

 

Markets.com Cashback Rebates Features and Conditions

 

Markets.com offers a cashback rebates program as an additional reward for traders. Through this program, traders can receive a rebate on the spreads generated by their trades each week, directly credited to their Markets.com account.

This program complements the platform’s features, including exclusive data, in-depth analysis, and unique trading products.

The rebate amount is calculated based on the spreads generated during the previous week and is credited weekly. Key features and conditions of the cashback rebates program include:

 

  • ✅ Traders receive cash rebates on spreads generated by their trades each week.
  • ✅ Rebates are directly credited to the trader’s Markets.com account.
  • ✅ The program complements existing platform features, providing additional benefits.
  • ✅ The rebate amount is calculated weekly based on the spreads generated during the previous week.
  • ✅ Traders receive email notifications informing them about their rebate amounts.
  • ✅ Rebate calculations and payments are automated, ensuring accuracy and reliability.
  • ✅ Traders can opt out of the program on the Rebate Program page within the platform.
  • ✅ Rebates apply to all trading activity that generates spreads, regardless of profitability.

 

 

Markets.com Cashback Rebates Features and Conditions

 

Markets.com Web Traffic Report

 

🌐Global Rank180,582
🌎Country Rank53,441
✔️Category Rank382
💯Total Visits293.3K
📌Bounce Rate38.91%
📖Pages per Visit3.48
⏰Average Duration of Visit00:05:16
📆Total Visits in the last three monthsMarch – 389.1K
April – 425.7K
May – 293.1K

 

 

Markets.com Web Traffic Report

 

Markets.com Geographic Reach and Limitations

 

Most of Markets.com’s market share is concentrated in these areas:

 

  • ✅ United Kingdom – 15.10%
  • ✅ Romania – 13.70%
  • ✅ Italy – 12.07%
  • ✅ South Africa – 9.06%
  • ✅ Australia – 8.22%

 

Markets.com Current Expansion Focus

 

Markets.com is currently expanding across Europe, Australia, Asia, and Africa.

 

Countries not accepted by Markets.com

 

Markets.com does not accept clients from these countries:

 

  • ✅ The United States
  • ✅ Japan
  • ✅ Canada
  • ✅ Belgium
  • ✅ Israel
  • ✅ New Zealand
  • ✅ Russia
  • ✅ Hong Kong

 

Popularity among Ivory Coast traders who choose Markets.com

 

Markets.com is regulated in South Africa and offers its services to African traders, making it one of Ivory Coast traders’ top 100 Forex and CFD brokers.

 

 

Markets.com Geographic Reach and Limitations

 

Markets.com vs IG vs FXCM – A Comparison

 

🔍Broker🥇 Markets.com🥈 IG🥉 FXCM
📈RegulationASIC, CySEC, FSCA, FCA, BVI FSCFCA, BaFin CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMAFCA, ASIC, CySEC, FSCA
📉Trading PlatformMarkets.com
MetaTrader 4
MetaTrader 5
MetaTrader 4
IG Platform
ProRealTime (PRT)
L2 Dealer
FIX API
Trading Station
MetaTrader 4
NinjaTrader
ZuluTrade
Capitalise AI
TradingView Pro
QuantConnect
MotiveWave
AgenaTrader
Sierra Chart
SeerTrading
NeuroShell Trader
💵Withdrawal FeeNoneNone✅ Yes, bank wire
🗂️Demo Account✅ Yes✅ Yes✅ Yes
💴Min Deposit30,300 XAF150,000 XAF600 XAF
📊Leverage1:3001:30 (Retail, EU, UK)
1:222 (Pro)
1:30 (FCA)
1:400 (Others)
📝SpreadFrom 0.6 pipsFrom 0.1 pips DMAFrom 0.2 pips
💷CommissionsSpread onlyFrom 0.10%$25 per $1m traded
🛑Margin Call/Stop-Out50%/30%100%/50%100%/50%
🧑‍⚖️Order ExecutionInstant, MarketMarketMarket
💸No-Deposit BonusNoneNoneNone
💰Cent AccountsNoneNoneNone
📌Account TypesBasic Account
Classic Account
Silver Account
Gold Account
Platinum Account
CFD/DMA Trading Account
Limited Risk Trading Account
Options Trading Account
Turbo24 Trading Account
Share Dealing Account
Spread Betting Account
Swap-Free Trading Account
Spread Betting
CFD Trading
Active Trader
Professional Trader
🏦Banking Commission of WAEMU RegulationNoneNoneNone
✏️XAF DepositsNoneNoneNone
🗂️XAF Account Offered?NoneNoneNone
⏲️Customer Service Hours24/524/724/5
⚙️Retail Investor Accounts573 Retail, 1 Pro
☪️Islamic Account✅ Yes✅ Yes, Dubai✅ Yes
⬇️Minimum Trade Size0.01 lots0.01 lots0.01 lots
⬆️Maximum Trade Size100 lotsUnknown50 million per trade on Forex
⌚Minimum Withdrawal Time24 hours1 business dayInstant

 

Broker Comparison for a Range of Markets

 

🔍 Broker🥇 Markets.com🥈 IG🥉 FXCM
📌Forex✅ Yes✅ Yes✅ Yes
💍Precious Metals✅ Yes✅ Yes✅ Yes
💻ETFs✅ Yes✅ YesNone
🚩CFDs✅ Yes✅ Yes✅ Yes
📈Indices✅ Yes✅ Yes✅ Yes
📉Stocks✅ Yes✅ Yes✅ Yes
💰Cryptocurrency✅ Yes✅ Yes✅ Yes
📊OptionsNone✅ YesNone
🛢️Energies✅ Yes✅ Yes✅ Yes
🖋️Bonds✅ Yes✅ YesNone

 

 

IG Markets

 

Markets.com Alternatives

 

  • 🥇 Axiory is recognized as a reputable brokerage firm that provides commendable trading technology through its MetaTrader and cTrader platforms, catering to both novice and active traders. The broker offers a diverse range of tradable instruments under favorable conditions, and our assessment deems the research and analysis section exceptional, rendering Axiory an ideal choice for inexperienced traders.

 

  • 🥈 FP Markets, an Australian multi-asset broker, boasts a substantial daily trading volume exceeding $1 billion, serving a global clientele spanning over 80 countries. Based on a competitive commission model, the company’s Forex cost structure gives traders an advantageous offering. Moreover, FP Markets’ enhanced MT4/MT5 trading platforms, complemented by the Trader Tools comprising twelve plug-ins, empower clients with a distinct competitive edge.

 

  • 🥉 easyMarkets, a duly licensed online brokerage established in 2001, endeavors to facilitate effortless, accessible, and transparent trading experiences with minimal risk exposure for all

 

 

easyMarkets Review

 

 

Markets.com Awards and Recognition

 

Markets.com currently does not disclose an extensive list of its accolades and recognitions. However, it is worth mentioning that in 2020, the platform was awarded the prestigious “Best Trading Platform” award by FxScouts.

While specific details about additional awards are not readily available, Markets.com’s acknowledgement as a top trading platform by FxScouts underscores its commitment to delivering exceptional services to its clientele.

 

 

Markets.com Awards and Recognition

 

Recommendations according to our in-depth review of Markets.com

 

  • Markets.com can increase its level of openness by publishing an exhaustive list of spreads by account type. This would assist traders in making more informed choices.
  • ✅ The educational section of the platform could be expanded to provide more in-depth information and resources, especially for novice traders.
  • ✅ Offering VPS services could be a valuable addition for traders who use automated trading systems or need to ensure trade execution even when their system is offline.
  • ✅ The platform could consider providing Ivory Coast traders with local CFDs, expanding their trading opportunities.
  • ✅ Some traders might be deterred by the platform’s inactivity fee, which could be reduced or eliminated.

 

 

Markets.com in depth review

 

Markets.com Customer Reviews

 

🥇 Exceptional Service!

“My encounter with Markets.com was characterized by utmost satisfaction and simplicity. As a neophyte, I received abundant support, particularly from Yousef, who proved exceptional. He consistently reached out to me, providing guidance whenever needed, and went above and beyond to assist me in every conceivable manner. My experience with Markets.com exceeded all expectations.” – Moussa Touré (July 2022)

 

 

🥈 Happy Customer!

“I am delighted to have engaged in a fruitful partnership with Markets.com for over a decade. The personnel employed by this organization exhibit exceptional helpfulness and swift responsiveness in addressing my daily concerns, including unforeseen circumstances that may arise.” – Hawa Traoré (May 2022)

 

 

🥉 User Friendly!

“The user experience offered by Markets.com is characterized by its inherent intuitiveness and user-friendly nature. The platform’s well-crafted design facilitates seamless navigation and efficient execution of trades, catering to both novice and seasoned traders alike.” – Kofi Peterson (June 2024)

 

 

Markets.com Customer Reviews

 

Pros and Cons of Trading with Markets.com

 

✅ Pros❎ Cons
The diversity of assets available to trade is one of the biggest advantages of Markets.com.Markets.com does not offer as many promotional bonuses or contests compared to some competitors.
The educational materials available at Markets.com are comprehensive and well-structured, which can be a major advantage for new traders.Geographic restrictions; not available to clients in the United States, Japan, Canada, Belgium, Israel, New Zealand, Russia, Hong Kong, and several other regions.
The quality of customer support is a significant pro for Markets.com.Unlike other brokers, Markets.com does not offer a built-in social trading feature.

 

In Conclusion

 

In our experience, Markets.com is a robust trading platform that offers a wide range of financial instruments. Access to over 2,200 tradable assets, including Forex, Shares, Commodities, Indices, Cryptocurrency, ETFs, Bonds, and IPOs, provides ample opportunities for portfolio diversification.

The platform supports MetaTrader 4 and MetaTrader 5, which are well-regarded for their comprehensive features and user-friendly interfaces. Our research shows Markets.com is particularly strong in offering trading platforms and various markets. It scored 4/5 in these areas.

The platform also received high marks for order execution, commissions and fees, withdrawal speed, customer support, education, and research. It scored a perfect 5/5 in regulation and mobile trading, indicating high trust and convenience for mobile traders.

The platform offers competitive trading conditions with commission-free trading on some markets and competitively low spreads on major instruments.

It also provides a range of account types, including a Platinum Account for professional traders and high-volume investors. It offers the most favourable trading conditions, including the lowest spreads, maximum leverage, and VIP privileges.

However, it’s worth noting that Markets.com does apply an inactivity and currency conversion fee and does not offer any Virtual Private Server (VPS) services. Also, while it does provide a comprehensive educational section, it is somewhat limited compared to other brokers.

 

Markets.com Risk Warning and Disclaimer for traders: Trading CFDs (Contracts for Difference) on Markets.com carries a high risk of capital loss. Ivory Coast traders must exercise caution and be aware of the hazards involved.

While Markets.com offers a trading platform with intriguing potential, it is important to remember that there are no guarantees of success. Before trading operations, traders should thoroughly assess their financial goals and risk tolerance.

Markets.com does not provide legal, financial, or investment advice, and traders are encouraged to seek independent professional advice if needed. By trading on Markets.com, users agree to be responsible traders, acknowledging and accepting the risks of trading.

 

Our Review Methodology: For each of our broker evaluations, we investigate, evaluate, analyze, and compare what we feel to be the most crucial criteria to consider when selecting a broker.

Based on our findings, this evaluation comprises positives, disadvantages, and an overall score. We want to assist you in locating the ideal broker for your requirements.

Our broker review should not be considered financial advice. However, traders are urged to seek professional financial advice before making investment decisions.

 

Now it is your turn to participate:

  • ✅ Do you have any prior experience with Markets.com?
  • ✅ What was the determining factor in your decision to engage with Markets.com?
  • ✅ Was it because of the minimum deposit, regulation, retail trading accounts, or other factors?
  • ✅ Have you experienced issues with Markets.com, such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?

 

Regardless, please share your thoughts in the comments below.

 

Addendum/Disclosure: No matter how diligently we strive to maintain accuracy, the forex market is volatile and may change anytime, even if the information supplied is correct when going live.

 

Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all investors. Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk.

In addition, you should not start investing capital you cannot afford to lose because you could lose part of your original investment.

 

Frequently Asked Questions

 

Is Markets.com regulated?

Yes, Markets.com is regulated by several reputable financial authorities across different jurisdictions. These include CySEC in Cyprus, FSCA in South Africa, ASIC in Australia, and the FSC in the British Virgin Islands.

 

Is Markets.com Safe or a Scam?

Markets.com is a safe broker. Top-tier financial authorities regulate it, including CySEC, ASIC, FSCA, and FSC. These regulatory bodies ensure that Markets.com operates per strict guidelines and standards, providing traders with a secure trading environment.

 

How can I start trading Forex with Markets.com?

To start Forex trading on Markets.com, you must create an account and deposit funds. Next, you can start trading by choosing the currency pairs in which you are interested.

 

Does Markets.com offer cryptocurrency trading?

Yes, Markets.com offers cryptocurrency trading. You can trade various cryptocurrencies, including Bitcoin, Ethereum, and more.

 

Does Markets.com have Nasdaq 100?

Yes, Markets.com does provide trading opportunities for the Nasdaq 100 index. Traders can speculate on the price movements of the top 100 non-financial companies on the Nasdaq Stock Market.

 

How long does it take to withdraw from Markets.com?

Typically, withdrawals to credit or debit cards may take up to 5 business days, while bank transfers could take up to 7 business days.

Furthermore, e-wallet withdrawals are typically processed within 24 hours. It is advisable to check the specific processing times for your chosen withdrawal method.

 

What is the Markets.com deposit bonus?

Markets.com offers a First-Time Deposit Bonus Program, where new clients can receive a 20% bonus on their initial deposit. The maximum bonus per client is set at a certain amount, and clients must meet specific eligibility criteria to qualify.

 

Does Markets.com have VIX 75?

Yes, Markets.com offers trading on the VIX 75 as a Contract for Difference (CFD) on indices. Traders can trade this instrument, benefiting from spreads starting at 0.1 USD and leverage up to 1:25.

 

Which trading platforms does Markets.com offer?

Markets.com offers several trading platforms, including MetaTrader 4, MetaTrader 5, and its proprietary platform.

 

Why should I work through the SA Shares Cashback?

You can expect some of the highest commissions if you work through SA Shares to earn up to 30% Cashback Rebates from Forex Brokers such as Markets.com.

This is because SA Shares aims to negotiate the most competitive commission rates with brokers such as Markets.com to ensure you get the most back from your trading activities.

 

 

Table of Contents