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MarketsX Broker Review

FX Scouts By Jeffrey Cammack Updated: March 31, 2020
Overall Rating
4.48 / 5
Min. DepositUSD 250
Max. Leverage300:1
Min. Spread0.9 pips
Regulators CySEC,ASIC,FSCA
Regulator Origin CySEC ASIC FSCA
Broker TypeMarket Maker

Summary

Markets.com is a large, global broker with high security standards and an excellent reputation. It has a good selection of platforms to choose from, including its own well-designed and feature-rich trading platform, and spreads are in line with brokers of similar stature. Other benefits are the huge range of tradeable instruments, a wide selection of different account base currencies and excellent trading tools.

Based on their security measures, segregated trading accounts, and negative balance protection, the security of client funds is clearly a priority.

 

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
Beginner Friendly Standard
Bonuses 20% First Deposit Bonus
Our Review Process

Trading Conditions

Minimum DepositUSD 250
Base currenciesUSD, AUD, DKK, EUR, GBP, NOK, PLN, SEK, and ZAR.
Number of FX Pairs50+
Hedging Allowed Yes
Scalping Yes
Swap-Free Accounts Yes

Average Spreads

EUR / USD1.9
GBP / USD2.3
USD / JPY3

Company Details

Company nameTradetech Markets English (Australia) Pty Ltd
Founded2008
Website Visit Website
TypeMarket Maker
RegulatorsCySEC,ASIC,FSCA
Office locations Australia, UK, Cyprus, South Africa

Deposit & Withdrawal Methods

Supported Platforms for MarketsX

Homepage at Markets.com

Is Markets.com Safe?

Markets.com, a brand of TradeTech Markets (Australia) Pty Ltd,  is regulated by three major International regulators – ASIC of Australia and CySEC of the European Union.  In addition, their South African entity is regulated by the FSCA.

Trading Conditions

Markets.com is a Market Maker broker, and thus charges traders using a two-quote system in the spread.

Forex Pairs at Markets.com

Account Types

Markets.com has three account options – a demo account, a live account, and a swap-free Islamic account.  All accounts include the same trading conditions, platform options and regulation of accounts.

Demo Account

Markets.com offers clients a demo account unlimited demo account, which offers traders access to the charts and analysis tools in simulated trading conditions using real-time market data.  This gives traders the opportunity to try out Markets.com before committing funds.

Live Accounts

A single live account option is available at Markets.com.  This single account includes access to all tools, Trading Central research area, and the education section.

Spreads and Commissions

Markets.com does not charge any commission on trades.  Instead, Markets.com charges traders for the service by offing a two-quote system of different buy and sell prices in the spread which can be as low as 2 pips on major pairs in times of high liquidity.

Analysis Tools

Markets.com offers traders a comprehensive trading section called Trading Central.  This area includes analysis and historical context for currency pairs and news events, giving traders most of what they need to make successful trades.

Trading Central Analysis at Markets.com

Bonus Conditions

Markets.com offers first deposit bonuses that increase depending on the amount of the deposit.

  • Deposit $500 and claim $100
  • Deposit $2500 and claim $500
  • Deposit $10000 and claim $1500

Trading Rebates

Traders will earn a rebate that is 5% of the weekly spread, which over time can account for a significant real-money bonus in the account that can be withdrawn.

Cryptocurrency Trading

Markets.com does have cryptocurrency trading, but the cryptocurrencies are stand-alone, and not traded in pairs.  They are still CFD products, where the trader does not take ownership of the asset, but they are just traded as single currencies.

Trading Platform

Markets.com offers a diverse offering of platforms.  In recent years, Markets.com has moved away from sole dependence on their own platform product and have started to offer the MetaTrader 4 & 5 suite of products to traders.  Copy-trading and Sirix platforms are available

Mobile Apps

Markets.com supports the full MetaTrader 4 & 5 suite of tools including the mobile applications.  These can either be downloaded independently from MetaQuotes or via Markets upon account creation.

Customer Service

Customer service is available by email and live chat 5 days a week, 24 hours a day.  There are no phone numbers available to contact customer service.

Deposits & Withdrawals

Fees

There are no fees charged by Markets.com for either making a deposit or requesting a withdrawal.  There can, however, be charges incurred related by your bank or credit card provider for the transfer.  As a VIP trader, Markets.com will reimburse these 3rd party fees as well.

Methods

Payment methods at Markets.com

Payments and withdrawals can be made by wire transfer, credit card, WebMoney and other local payment methods.  Note that your withdrawal needs to be returned via the same method as you funded the account.  This is to prevent tax fraud and money laundering.

Conclusion

Markets.com is a globally recognized Market Maker broker with over 5 million registered accounts.  The competitive trading conditions, the simplified account structure, and the bonus and rebate structures all work together to create a positive trading experience for the traders.  With the newly-supported MetaTrader 4 & 5 suites, Markets.com has taken a huge step forward in their platform choice, joining other leading brokers in the market.

Most retail CFD accounts lose money. Your capital is at risk.

Compare CFD Brokers

Overall Rating 4.48 / 5 4.37 / 5 3.93 / 5
Minimum DepositUSD 250USD 10USD 100
Regulation
CySEC CySEC
ASIC ASIC
FSCA FSCA
CySEC CySEC
FCA FCA
FSC FSC
ASIC ASIC
FSCA FSCA
B.V.I FSC B.V.I FSC
FSA FSA
Broker TypeMarket MakerMarket Maker/ECNMarket Maker
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Metals, Equities, Energies, ETFs, Bonds, BlendsCommodities, Cryptocurrencies, Forex, Indicies, Metals, EquitiesCommodities, Cryptocurrencies, Forex, Indicies, Equities, ETFs
Forex Pairs50+5950+
Crypto Pairs6318
Read Full Review Read Full Review
Trust Rating 5 / 5 5 / 5 4 / 5
Trading Conditions 4.5 / 5 3.5 / 5 4.5 / 5
Trading Platforms 4.5 / 5 4.5 / 5 4 / 5
Deposit & Withdrawal 4.5 / 5 4 / 5 4.5 / 5
Education & Research 4 / 5 5 / 5 2 / 5
Assets Available 4.5 / 5 4 / 5 4 / 5
Customer Service 4 / 5 5 / 5 4 / 5
% Lose with this broker 74.93% of retail investor accounts lose money when trading CFDs with this provider 83% of retail investor accounts lose money when trading CFDs with this provider 71% of retail investor accounts lose money when trading CFDs with this provider
Leverage300:1Flexible400:1
Spread0.9 pips0.0 pips0.9 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Live (Standard)
  • Cent Account (Mini)
  • ECN Account (Professional)
  • ECN Zero Account (Standard)
  • FXTM Pro Account (Vip)
  • Standard Account (Standard)
  • Islamic
  • Professional (Standard)
  • Retail (Standard)
Swap-Free Accounts Yes Yes Yes
Trading Platforms MT4, MT5 MT4, MT5 MT4
Funding Methods Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Paypal Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Bitcoin, Unionpay POLi, Visa, Mastercard, Skrill, Neteller, Paypal, Bank Transfer
Trading Commission Fees Included in Spread 4 USD / ECN Accounts Fees Included in Spread
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Overall Rating 4.48 / 5 4.37 / 5 3.93 / 5
Minimum DepositUSD 250USD 10USD 100
Regulation
CySEC CySEC
ASIC ASIC
FSCA FSCA
CySEC CySEC
FCA FCA
FSC FSC
ASIC ASIC
FSCA FSCA
B.V.I FSC B.V.I FSC
FSA FSA
Broker TypeMarket MakerMarket Maker/ECNMarket Maker
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Metals, Equities, Energies, ETFs, Bonds, BlendsCommodities, Cryptocurrencies, Forex, Indicies, Metals, EquitiesCommodities, Cryptocurrencies, Forex, Indicies, Equities, ETFs
Forex Pairs50+5950+
Crypto Pairs6318
Read Full Review Read Full Review
Trust Rating 5 / 5 5 / 5 4 / 5
Trading Conditions 4.5 / 5 3.5 / 5 4.5 / 5
Trading Platforms 4.5 / 5 4.5 / 5 4 / 5
Deposit & Withdrawal 4.5 / 5 4 / 5 4.5 / 5
Education & Research 4 / 5 5 / 5 2 / 5
Assets Available 4.5 / 5 4 / 5 4 / 5
Customer Service 4 / 5 5 / 5 4 / 5
% Lose with this broker 74.93% of retail investor accounts lose money when trading CFDs with this provider 83% of retail investor accounts lose money when trading CFDs with this provider 71% of retail investor accounts lose money when trading CFDs with this provider
Leverage300:1Flexible400:1
Spread0.9 pips0.0 pips0.9 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Live (Standard)
  • Cent Account (Mini)
  • ECN Account (Professional)
  • ECN Zero Account (Standard)
  • FXTM Pro Account (Vip)
  • Standard Account (Standard)
  • Islamic
  • Professional (Standard)
  • Retail (Standard)
Swap-Free Accounts Yes Yes Yes
Trading Platforms MT4, MT5 MT4, MT5 MT4
Funding Methods Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Paypal Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Bitcoin, Unionpay POLi, Visa, Mastercard, Skrill, Neteller, Paypal, Bank Transfer
Trading Commission Fees Included in Spread 4 USD / ECN Accounts Fees Included in Spread

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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Most retail CFD accounts lose money. Your capital is at risk.

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