Markets.com Review (2022 Guide)
Markets.com is a market maker that offers commission-free trading via its Marketsx account when trading forex. The broker’s strength lies in its trading platforms called Marketsx and Marketsi. These platforms offer a wealth of market sentiment, technical and fundamentals tools for Forex, CFD and stock trading. Markets.com also offers MetaTrader 4 and 5 as other platform options.To get more news about markets.com pros and cons, you can visit wikifx.com official website.
The Marketsx account is a standard account type, which means it is a spread-only account. With this account, there are no commission charges for forex as trading fees are included in your spreads. If you want to trade CFDs, then this is the account to choose. This account is available for both retail and professional traders.
With a Marketsx account, you will have access to Markets.com proprietary Marketsx trading platforms by default, but you can also access MetaTrader 4 (MT4) or MetaTrader 5 (MT5) by signing up for a MetaTrader account. Signing up with MetaTrader has several advantages, including:
The standard account is a retail investor account available to all Markets.com clients worldwide however leverage will vary depending on where in the world you are located. Traders in the UK, Europe and Australia can apply for a professional account which allows increased leverage.
If you are looking to invest in shares, then a specialised account called Marketsi is available. Markets.com offers it Marketsi share dealing platform for traders primarily wanting to invest (i stands for invest). This account is a good option if you are looking for extra tools to help with your share dealing, including quantitative investing technology as part of its investment strategy builder. Investment strategy building is designed to help investors manage their stock portfolios using data and algorithms in the same way hedge funds and other financial investment corporations do.
Markets.com is a dealing desk broker or market maker. This explains why the broker only offers a standard account. While spreads may seem wide compared to STP / ECN brokers with no dealing desk, it is important to remember there are no commissions costs for all CFD products except stocks.
57 currency pairs are available consisting of majors, minors and exotics.
Markets.com slippageOne of the key features of this CFD broker is its transparency. Markets.com provide “real execution stats for informed decision making”. They provide execution statistics so you can see what is happening with your orders, they want you to be confident that the price quote will be delivered or bettered. To achieve this, the broker provides quarterly updates on slippage results from its execution infrastructure.
In 2019, 86% of orders had no slippage or positive slippage. This can be broken down into 71.25% of orders being delivered at the quoted price, 14.96% of clients’ orders changing in their favour and 13.79% slipping negatively. 2020 has been a little more volatile, perhaps a reflection of the climate caused by the COVID-19 pandemic.Markets.com is an internationally regulated broker which means leverage (sometimes called margin) for forex varies depending on which entity you join Markets.com from and the regulator for that country.
Markets.com uses regulation from Financial Sector Conduct Authority (FSCA) for all traders in Africa and British Virgin Islands Financial Services Commission (BVI.FSC) for all traders outside all other countries not yet mentioned. Maximum leverage for these regulators is consistent with leverage available for those defined as professional traders by ESMA.
This is Markets.com proprietary trading platform developed to meet the needs of Marketsx clients. Marketsx is a web trader platform, meaning it is available through browsers on Mac, Windows and even Linux platform. Marketsx is also available via iOS and Android app stores for mobile trading.
Marketsx is a great platform, as it has a wealth of tools to help you with your investment making decisions. This is its biggest strength however in some circumstances you may prefer to use MetaTrader 4 or MetaTrader 5 trading platforms.
Fortunately, Markets.com allows you to get the best from Marketsx and also MetaTrader. All traders that sign up for a Marketsx account will have access to Marketsx platform, this allows you to get many of the trading tools Marketsx offers. To get access to MT4 or MT5 you then sign up to access MetaTrader. This will be a different account, meaning you won’t be able to transfer your trading data between the two platforms, but you will be able to further your choice of trading features and use each platform when best suited.