Markets.com is focused on Contracts for Difference and have them available across a huge range of assets, including forex, cryptocurrencies, commodities, stocks, and indices. You can also trade directly in certain currency pairs, such as GBPUSD, EURUSD and EURGBP. Exampels of available cryptocurrencies are BTC, ETH, DASH, BCH, LTC, and XRP.
Markets.com doesnt’ charge any trading fees or commissions. Instead, they make money from the spread, and from charging a rollover fee for overnight CFD trading. If your account is inactive for a prolonged period of time, it will be charged inactivity fees.
Markets.com was founded in 2006 and became a regulated forex brand two years later.
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Regulation, etc
Markets.com is owned and run by the company SafeCap Investments Limited, and regulated by FSB and CySec. SafeCap Investments Limited is an indirect subsidiary of the online gambling giant Playtech PLC.
- CySec is the Cyprus Securities and Exchange Commission. Cyprus is a member of the European Union.
- FSB is the Financial Services Board of South Africa.
Short facts about Markets.com
- Minimum deposit: 100 USD
- Minimum trade size: 2 USD
- Demo account available: Yes
- MT4 integration: Yes
- Mobile apps: Yes, for Android and iOS
- Auto trading: No
- Trade signals: No
- Islamic account: Yes
Leverage
Maximum leverage:
- 1:2 for cryptocurrency
- 1:5 for shares
- 1:10 for exchange traded funds (ETF)
- 1:10 for commodities
- 1:20 for indices
- 1:30 for forex
Please note that you might not be offered exactly this leverage, since Markets.com must adhere to any legislative leverage caps active in your jurisdiction. If you are a professional or highly experience trader, contact Markets.com if you wish for a higher leverage than offered, because sometimes the law only applies to hobby / inexperienced traders (since they are considered more volnurable).
Markets.com offer negative balance protection.
Trading platforms
An account at Markets.com will give you access to three different trading platforms:
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- The bespoke Markets.com platform
The bespoke Markets.com platform is web-based, so you don’t have to download and install anything on your computer.
MT4 and MT5 are trading platforms used by a wide range of online brokers, so you might already be familiar with one or both of them if you have traded with other brokers in the past. MT4 and MT5 are platforms that you download and install on your own computer.
Mobile apps
Mobile trading apps are available for Android and iOS.
Markets.com accounts
Markets.com offers two different real-money accounts:
- The Real Account, which is the standard account
- The Swap Free Account, which is the account that operates in line with Islamic Sharia principles of interest-free trading
Can I get a demo account?
Yes, Markets.com offer a demo account where you can trade using play-money for an unlimited period of time.
Transactions
Examples of accepted transaction methods:
- VISA
- MasterCard
- Bank wire transfer
- PayPal
- Skrill
- Neteller
No withdrawal fees are charged by Markets.com.
The minimum withdrawal amount is 5 USD/EUR/GBP for e-wallets such as Neteller and Skrill, 10 USD/EUR/GBP for credit/debit cards, and 100 USD/EUR/GBP for bank wire transfer.
Customer support
Customer support is available around the clock, five days a week.
If you have a funded account, you can call, send an email or use the live chat to contact the support. If your account isn’t funded, phone support is not available, but you can still use email and live chat.
Customer support is available in 25 languages.
Miscellaneous information
- Traders in the United States and Canada aren’t allowed to trade on Markets.com.