Markets.com is a global online brokerage firm that allows trading CFD and Forex. The CySEC entity of Markets.com is operated by Safecap Investments Limited.To get more news about markets.com pros and cons, you can visit wikifx.com official website.
Markets.com is being regulated by financial authorities such as the Cypriot, CySEC, and the UK FCA. Currently, the company is in Nicosia, Cyprus.
The Markets.com website notes that it aims to add an ‘X Factor’ in trading activity by its state-of-the-art tools and services. It claims to empower the traders with upgraded offerings. Markets.com differs largely from the rest of the brokerage platforms when it comes to the lowest spreads in the market. Also, it provides VIP customer services.
If we dig more about the platform through Markets.com reviews, it charges a reasonable fee for inactivity on the trading platform. Markets.com is regulated in Cyprus, Australia, UK, B.V.I (British Virgin Islands). The platform doesn’t charge any withdrawal fee while it requires a minimum deposit amount of $100. It supports at least 9 types of currencies.
A bit of investment advice, CFDs are highly complex instruments and come with a high risk of losing money quickly because of leverage. 79.90% of retail investor accounts lose money when trading CFDs with this broker.
What Can be traded with this broker?
By using the Markets.com platform, the traders can select from a wide range of more than 2,200 assets. Traders have the choice to choose from 67 currency pairs and 25 cryptocurrencies.
Additionally, the cross-asset diversification process is enabled for 28 commodities, and approximately 2000 equity CFDs, which comprise the bulk of the assets.
Markets.com also offers the largest trading opportunities thereby offering 40 index CFDs, 13 blends, and 66 ETFs, and it also offers bonds for the traders.
On the whole, the asset selection offered by the Markets.com is ideal for both retail and professional traders.
In addition to providing MetaTrader 4 and MetaTrader 5 for mobile, this broker also offers its proprietary mobile app; Markets.com Mobile, which is a counterpart to the web-based platform. The above-mentioned mobiles apps are all available for iOS and Android devices. Additionally, the Markets.com mobile app integrates many features that are found in the web-based platform, as a result, the display and layout is consistent throughout.
Citizens of the following countries are not eligible to open an account with Markets.com : Brazil, Bahamas, Belgium, Botswana, Cambodia, Canada, China, Ethiopia, Ghana, India, Iran, Iraq, Israel, Japan, New Zealand, North Korea, Northern Mariana Islands, Pakistan, Puerto Rico, Panama, Russia, Serbia, Singapore, Sri Lanka, Syrian Arab Republic, Trinidad and Tobago, Tunisia, Turkey, United States, US Virgin Islands, Vanuatu, Yemen, Hong Kong & Taiwan.
Account Opening Process
The account opening process with Markets.com is simple and fast and this trading platform is suitable for new and professional traders. To start opening an account with Markets.com, the trader needs to click create an account, given on the Markets.com website, which leads them to the registration page.
From that point onwards, the traders will be redirected automatically to the Markets.com trading platform, and they will be asked whether they would like to go for a demo trading account for a live trading account. Registration is completed after the verification process.
Markets.com registration process consists of simple steps, as a trader you need to provide personal information, financial information, tax information, financial knowledge, and trading experience. When this is done, the traders can verify by uploading a proof of residence and a proof of identification document for further process.
Furthermore, the Markets.com trading accounts can be funded using various base currencies including EUR, USD & GBP, with a minimum deposit of 100 EUR/USD/GBP. Retail clients can trade with maximum leverage up to 1:300. Lower leverage limits apply to retail traders under the brokers UK (FCA), Australia (ASIC) and EU (CySEC) entities.
Alerts and notifications
We found from the Markets.com review that many traders like these broker’s features. With this, one can set up email, SMS notifications as well as price alerts. However, for order confirmation, there is no notification service.
Tools on the Platform for Analysis
There are four types of tools for analysis including fundamental, technical, sentiment and X-ray. Here, fundamental tools give you an all-around and in-depth view of the economic factors that may affect your trades. These tools basically contribute to the trade performance with greater transparency of the markets, and the ability to identify and act on trends as they happen.