Markets.com is one of the bigger names in the CFD and Forex world. Playtech, the parent company since 2015, has been listed on the London Stock Exchange (LSE) for six years. Originally, the company started out as GFC Markets in 2007, and was later rebranded to its current name Markets.com in 2010. Playtech purchased Markets.com for a sum of €458 million Euros. Markets.com is a brand and trademark used by Safecap Investments Limited, another subsidiary of Playtech, based out of Cyprus.
Spreads, Commissions, and Leverages
Markets.com offers fixed spreads on their forex pairs. This is different than most competitors who usually offer fixed and floating spreads for traders. On their website Markets.com lists that they have spreads as low as 2.0 pips for EUR/USD and 3.0 pips for the offerings on MT4 platform. Traders and some other sources have reported 3.0 pips in EUR/USD, so do your proper research before making your move.
Commissions are figured into the price of the fixed spreads so you will not have any extra costs for opening positions.
Leverages are maxed out at 300:1 at Markets.com. This number applies to all non-EU citizen. According to the rules of ESMA, EU citizens can only be offered a maximum of 30:1 leverage on major currencies and 20:1 for trades involving gold, major indices and exotic forex pairs.
Regulations and Security
As we said before, Markets.com (Safecap Investments Ltd.) is based out of Cyprus. They are passported through entire Europe through MiFID approval given through Markets.com being regulated by Cyprus Securities and Exchange Commission (CySEC). The broker also complies to the Financial Sector Conduct Authority (FSCA) in South Africa.
Markets.com provides few different choices for funding your account. Currently, you can deposit and withdraw money from your account with: credit/debit cards, wire transfers, Fast Bank Transfers (Envoy, WorldPay), and eWallets (Skrill, Neteller). Wire transfers tend to take the longest with up to two days, while credit/debit cards should process immediately. Withdraw process might take shortly longer but still should be handled quite quickly.
Markets.com offers traders three account types: Islamic for Muslim traders, Demo Account for a risk-free experience and Standard account for all trading needs. Demo account is the one we recommend for newcomers of trading or Markets.com. This account provides you with virtual cash, so you can make trades and try out your skills before risking any real capital.
Once you are familiar with the platforms and the market, proceed to make your $100USD minimum deposit and activate your Standard Account. With this account, you will gain access to all the charting tools, technical analysis, historical graphs and information. Opening this account is a simple process. After providing few simple bits of information and documentation you will be able to make some real money. Standard Accounts also come with access to webinars & seminars and daily market analysis, to help you follow the trends and catch on to future opportunities.
Markets.com offers two great platforms for you to choose from. These platforms are: in-house made Web Trader platform and the industry favorite MetaTrader4 (MT4). Web Trader offers the widest list of products available in Markets.com. The proprietary platform was built with numerous inventive features that should do more than enough to satisfy most trader. Visually, the use of HTML 5 gives this platform a sleek design. MetaQuotes Software Corp’s software MT4 is one of the most selected platforms across most major brokers around the world. With either of these choices you are guaranteed to be satisfied with the final product.