MarketsX Broker Review

Author By Jeffrey Cammack
Updated: May 13, 2021
Overall Rating
4.39 4.39 / 5
Rated #6 of 50 Recommended Brokers
Min. Deposit
USD 250
Regulators
Trading Desk
Trading Cost
USD 6
Website Language
English, Portuguese, Arabic
Support Language
English, Portuguese, Arabic
AlertAccepts Malaysian Clients. Average spread EUR/USD 0.60 pips on trading account with lowest minimum deposit. Max leverage 300:1. Islamic account available. MT4 & MT5 platforms supported. MarketsX is regulated by CySEC, ASIC, and the FSCA.

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Summary

Markets.com offers traders fast, low-cost trading on over 2,200 financial instruments, including stocks, Forex, commodity, indices, cryptocurrency, ETF, and bond markets. Markets.com offers trading on one live account with excellent trading conditions compared
to other similar brokers, including tight spreads, high leverage, and reasonable minimum deposit requirements.  Clients in Malaysia can also take advantage of the swap-free Islamic account on offer.

The proprietary Marketsx trading platform is packed full of features and trading tools and is optimised for lightning-fast execution. In addition to in-depth charting and asset comparison tools, Markets.com also gives traders a wealth of decision-supporting data, including sentiment tools, tutorials, and regular live-streamed, expert analyses.

Reviews

Regulation
11110.54.5/ 5
Trading Conditions
11110.54.5/ 5
Trading Platforms
11110.54.5/ 5
Deposit & Withdrawal
11110.54.5/ 5
Education & Research
1110.503.5/ 5
Assets Available
111115/ 5
Customer Service
111104/ 5
Beginner Friendly
Excellent
Bonuses
20% First Deposit Bonus

Account Information

Base Currencies
USD, AUD, DKK, EUR, GBP, NOK, PLN, SEK, ZAR
Number of FX Pairs
50+
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Min. Spread
0.60 pips
Commission
Fees Included in Spread
EUR/USD
1.9 pips
GBP/USD
2.1 pips
USD/JPY
2.9 pips
Max. Leverage
300:1

Company Details

Company Name
Tradetech Markets English (Australia) Pty Ltd
Founded
2008
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?

Founded in 2010, Markets.com is part of the Playtech Group, a global technology leader. Playtech is traded on the London Stock Exchange’s Main Market and is a constituent of the FTSE 250 index.

The Markets.com brand is operated by several regulated entities which are part of the Finalto Group. The brand is operated by its five companies which are regulated individually by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Europe, the Financial Services Board (South Africa) (FSCA), the Australian Securities and Investments Commission (ASIC), and 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 number 092/08.
  • Safecap Investments Limited is authorised and regulated by the FSCA (South Africa) under licence number 43906.
  • Finalto (Australia) Pty Ltd is authorized and regulated by ASIC under licence number 424008.
  • Finalto (BVI) Ltd is authorized and regulated by the BVI FSC under licence number SIBA/L/14/1067.

High security and privacy standards are top priorities at Markets.com, and the platform uses encryption, strong firewalls, and Secure Sockets Layer (SSL) software to protect information during transmission. Its trading servers are located in SAS 70 certified data centres, and all client funds are held in segregated trading accounts, providing a further level of protection. Clients of Markets.com also enjoy negative balance protection.

Markets.com Malaysian traders will be trading under the TradeTech Markets (BVI) Limited (“TTMBVI”), which is regulated by the BVI Financial Services Commission (‘FSC’) under licence no. SIBA/L/14/1067, and offers:

  • Leverage up to 1:300
  • Up to 20% first deposit bonus
  • Clients’ funds kept in segregated bank accounts
  • Negative Balance Protection

Markets.com has won numerous industry awards; some of their most significant achievements include:

  • Best Customer Service 2012 (London Investor Show Forex)
  • Best Broker in Customer Service Europe 2012 (Global Banking and Finance Review)
  • Best Forex Trading Platform 2017 (UK Forex Awards).
  • Best Forex Provider 2017 (UK Forex Awards).

With such strict regulatory oversight, the fact that Markets.com segregates its clients’ funds, and the frequent industry recognition, Markets.com is regarded as a safe option for traders.

Trading Conditions

Traders have a choice of over 2,200 instruments at Markets.com. Account-holders can trade CFDs on:

  • Over 50 global major, minor, and exotic FX pairs, including GBP/USD and EUR/USD.
  • Leading stocks such as Apple, Amazon, Facebook, and Tesla from US, UK, European, Australian and Asian markets.
  • Over 25 major market indices, including the Dow, DAX, FTSE 100, ASX, and Hang Seng, with both cash and futures CFDs.
  • Top commodities, including precious metals like gold, silver, and palladium; crude and Brent oil cash and futures, as well as natural gas and heating oil; and soft commodities such as coffee, sugar, and soybeans.
  • Six of the world’s biggest cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, Ripple, Litecoin, and Dash.
  • Dozens of regional and sectoral ETFs.
  • US, UK, and German government bonds.

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. Over a dozen Blends are available to trade, including the US Tech Blend, the Cannabis Blend, the Warren Buffett Blend, and the Brexit Winners and Brexit Losers Blends.

Traders can also take a position on four of the world’s biggest cryptocurrencies – Bitcoin, Ethereum, Ripple, and Litecoin – at once with the Crypto Blend.

Account Types

Scroll for more detailsPreviousNext
Display Name
Min. Deposit
Max. Leverage
Min. Spread
Commission
Live
USD 100
300:1
0.90
None
Account Details

Markets.com offers both retail and Professional trading accounts in English, Arabic, German, Danish, Spanish, French, Italian, Dutch, and Portuguese. Markets.com also offers Swap-Free accounts that operate in line with Sharia law.

Retail Accounts

A retail account can be opened with a minimum deposit of 250 USD/250 GBP/250 EUR.   Spreads start at 0.60 pips on the EUR/USD, and Malaysian clients have access to leverage of up to 300:1.  Markets.com allows hedging and scalping, but copy trading is only available through affiliates. 

Professional Accounts

Professional Trading accounts benefit from increased leverage (up to 300:1 on major pairs), preferential trading conditions, and premium research and commentary. Professional traders can also request specific assets be added to the platform and may be eligible to request a lower spread profile.  Note that under the BVI regulation, there will be no distinction between professional and retail traders, because Malaysians have access to leverage of up to 300:1 anyway. 

Demo Accounts

You can also open a Demo Account, which allows you to learn the platform’s functionality and understand how the markets work with virtual money before committing any of your funds

Deposits and Withdrawals

Deposits and withdrawals can be made securely using major debit and credit cards, bank wire transfers, and leading payment services such as Neteller, Skrill, and PayPal.

There are no withdrawal fees – only the following minimum requirements apply:

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

To comply with Anti-Money Laundering laws, withdrawals must be made to the same account and via the same payment method as the deposit.

How Fast are Deposits Processed?

  • Credit/debit card transactions take approximately 24 hours to process upon receipt. After clients have completed Markets.com’s Onboarding Process, their deposits will be credited to their trading accounts immediately.
  • Wire transfers take approximately 1-2 business days to process upon receipt.
  • E-wallet deposits can take up to 24 hours to reflect in your trading account.

Spreads and Commissions

There is no commission on trades, and the only transaction costs are the spread and rollover charges, where applicable. Beware that Markets.com does charge a Conversion Fee on some trades. This is a small charge (0.3%) deducted for the currency conversion when the trading account currency and the quoted currency of the underlying asset are different.

A 10 USD commission is only charged on stock CFDs and is applied together upon opening the position. All commission charges are converted to your account currency at the prevailing market currency conversion rate.

Markets.com For Beginners

Markets.com provides an extensive library of educational and market analysis materials to get new traders started.  Customer service is also available 24/5 in English, Arabic, Spanish, Italian, French, and Portuguese, but unfortunately, not in Malay. 

Education Material

Markets.com provides traders access to its Knowledge Centre, which is packed full of content to help traders get the most out of the platform and find more trading opportunities, including:

  • XRay: Top financial analysts and industry leaders deliver exclusive analysis and commentary on XRay – the platform’s integrated video streaming service. Get the latest news and views on the major markets and biggest economic developments, technical trends, company earnings, and more. Markets.com account holders often get exclusive access to the latest training and strategies from top educational providers.  Traders can also subscribe to shows and ask the hosts questions in real-time.
  • Webinars: Markets.com provides regular webinars hosted by experts in the world of finance. These experts can answer questions and guide traders through a range of topics, including Markets.com’s various platforms to understanding the markets.
  • News: Stay on top of the events and market developments that matter to you with rolling market coverage via push and in-platform messages and email. 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.

There are also plenty of trading resources packed into the Marketsx platform to help traders improve their market knowledge and discover new approaches and strategies.

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.

Analysis Material

On top of a packed schedule of regular shows, XRay brings you exclusive live coverage of key events, such as central bank decisions and the US nonfarm payroll reports, as well as political news and breaking market developments.

The Knowledge Centre also 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.

Customer Support

Markets.com aims to deliver a premium trading experience, and VIP support is a large part of that. Customer support is available in several languages, including English, Arabic, Spanish, Italian, French, and Portuguese. 

All traders are assigned a dedicated Account Manager to help them with any queries regarding their account or using the platform.

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

Trading Platforms

Marketsx

Marketsx is available online and via the dedicated mobile trading app.

The online platform is packed full of features. The platform offers advanced charting, making it easier to spot trends and identify new trading opportunities. Traders can use the comprehensive drawing tools to plot trendlines, channels, pitchforks, Fibonacci Retracements, and much more on the charts. The platform also allows you to add up to 5 of each type of indicator to the chart at once, overlay multiple assets onto one chart, or compare up to 8 instruments side-by-side.

Traders can place orders, including out-of-hours orders where applicable, and use risk management options such as stop loss and limit orders from both the app and the desktop platforms.

Search for specific instruments or use the filters to navigate asset classes and subcategories to find new trades. You can see the hottest instruments and the most significant movers with the Featured tab and keep track of your favourites with the Watchlist.

Opening an Account:

Opening an account with Marketsx is free, straightforward, and you can have your account in minutes. You can also practice trading risk-free with demo funds of $10,000. Start trading in just four steps:

  1. Register: Create an account and submit your application.
  2. Practice: Use the demo account to trade with 10,000 USD before you start.
  3. Fund: Add funds to your account in one of several secure methods.
  4. Trade: Access over 2200 instruments and 50 FX pairs to trade your way.

Market.com platform

Marketsi

Marketsi is an investment platform, allowing traders to invest in stocks for the long, medium, or short-term.  Investors can take a traditional approach to trading or get creative with the Markets.com Investment Strategy Builder tool.  Filtering by index, sector, market cap, and volume allows you to build a bespoke strategy that suits your risk appetite and meets your investment objectives.

Markets.com also provides personalised VIP service to help investors make the most of the global markets without the need for intermediaries.

MetaTrader 4

Having established itself as the industry-leading platform, Metatrader 4 (MT4) is the most reliable and popular platform in existence. Its intuitive interface and user-friendly environment provide essential tools and resources for successful online trading.  Features of the MT4 include a built-in library of more than 50 indicators and tools to streamline the analysis process and an impressive array of analytical tools, available in nine timeframes for each financial instrument.

Metatrader 5

The MT5 trading platform is being adopted by more Forex brokers all the time.  It has a more modern interface, allows for an unlimited number of charts to be used, shows Depth of Market, and has a built-in Economic Calendar. It also has a larger number of pending order types than MT4 and features an embedded chat system. The MQL5 scripting language is more efficient than its precursor, and MT5 has more advanced charting tools than MT4.

Markets.com Trading Tools

Its powerful suite of decision-supporting tools is one of the main strengths of the Marketsx 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 distils 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.

Traders can also utilize the huge choice and low costs of Marketsx with their favourite MetaTrader 4 and 5 setups.

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 that includes a detailed breakdown of the Markets.com offering. 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.

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. 73% 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 offering trading on an extensive range of assets, and excellent trading conditions on one live account.  Traders are not limited by platform choice, nor the range of trading tools offered at Market.com, and all traders have access to excellent customer support, including a personal account manager.  Overall, Markets.com is a good choice of broker for traders of all experience levels.

AlertAccepts Malaysian Clients. Average spread EUR/USD 0.60 pips on trading account with lowest minimum deposit. Max leverage 300:1. Islamic account available. MT4 & MT5 platforms supported. MarketsX is regulated by CySEC, ASIC, and the FSCA.

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Overall Rating
Min. Deposit
Regulation
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Pros
Cons
Regulation
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Leverage
Spread
Hedging
Scalping
Account Types
Islamic Account
Trading Platforms
Funding Methods
Trading Commission
11110.54.39/ 5
USD 250
Market Maker
Commodities
Cryptocurrencies
Forex
Metals
Equities
Energies
ETFs
Bonds
Blends
50+
6
  • Well regulated
  • Tight spreads
  • Wide range of assets
  • Fast and free withdrawals
  • High minimum deposit
11110.54.5/ 5
11110.54.5/ 5
11110.54.5/ 5
11110.54.5/ 5
1110.503.5/ 5
111115/ 5
111104/ 5
74.93% of retail investor accounts lose money when trading CFDs with this provider
300:1
0.60 pips
Live
Bank Transfer
Visa
Mastercard
Maestro
Skrill
Neteller
Paypal
Fees Included in Spread
1110.503.69/ 5
USD 200
Market Maker
Commodities
Cryptocurrencies
Forex
Indicies
Equities
52
16
  • Well regulated
  • Good for beginners
  • Innovative trading tools
  • Limited education
  • Wide spreads
11110.54.5/ 5
111104/ 5
111104/ 5
110002/ 5
10.50001.5/ 5
11110.54.5/ 5
111104/ 5
67% of retail investor accounts lose money when trading CFDs with this provider
400:1
1 pips
Professional
Standard
etoro
Visa
Mastercard
Neteller
Unionpay
Skrill
Paypal
Fees Included in Spread

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

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