Markets.com Video Review:
One of the fastest growing online forex and CFDs brokers, Markets.com is one of several online trading brands that is owned by Safecap Investment Ltd, a Cypriot investment firm (CIF) regulated by the Cyprus Securities Exchange Commission (CYSEC). This makes Markets.com MiFiD compliant and legally authorized to operate anywhere within the Eurozone. In addition to comply with local regulatory requirements, Markets.com is also licensed by the South African Financial Services Board (FSB) as a financial services provider.
In terms of customer service, Markets.com is recognized as a leader and offers their clients winning service in more than a dozen different languages. The platform has also won awards from the London Investor Show Forex and Global Banking & Finance Review that bears testimonial to the quality of their services.
As for trading platforms, Markets.com provides their traders with 5 different types of platforms namely:
Robust and versatile industry standard platform
- MetaTrader Multi-Terminal
Designed for Multiple trading accounts management
- Markets Web Trader
Internet based platform suited for round the clock trading
- Markets MobileTrader
Allow access to the financial markets directly from your smartphone
- Sirix WebTrader
Cutting edge platform with near instant access to the financial markets
All these platforms are designed to be user friendly as well as offering traders a customized trading experience.
To enhance their traders’ online trading experience, Markets.com offer them 3 diverse types of trading accounts:
- Classic Trading Account
Minimum Deposit requirement of $100
Daily Market Analysis
Webinars & Video Tutorials Provided
Desktop & Mobile Trading
- Standard Trading Account
Minimum Deposit Requirement of $2500
All of Classic account features
Dedicated Account Manager
Premium Daily Analysis
- Premium Trading Account
Minimum Deposit of $20,000
All features of Premium Account
Premium Customer Support
Commission & Spreads
As for the spreads payable, the forex fixed spreads starts from a minimum of 3 pips for the major currency pairs such as the EUR/USD. Floating spreads for the majors begins at 2.2 pips. For CFD trades, the spreads depends on the type of asset traded. Nevertheless, the minimum spread payable on CFDs is 0.005 pips (floating).
As we have mentioned earlier, the customer support service at Markets.com is top notch. Apart from providing the clients with support in more than 20 different languages, Markets.com has also managed to provide localized telephone support for 35 different countries. Live chat and email support are also available and can be accessed on a 24/5 basis.
- 35 localized customer support telephone numbers
- Dedicated Quality Customer Support
- Extensive Array of Trading Tools
- Mobile Trading Supported
- Multiple types of trading platforms
- Regulated Broker
- Wide Range of Assets available for trading
- Up to $2000 in bonuses offered
- Spreads are on the high side
With their low minimum deposit requirement, Markets.com has made it extremely affordable to trade the financial markets. Beginner traders will love them for the easy access and friendly customer support. In addition, the comprehensive education offered by Markets.com also helps to ensure novices are better equipped to make informed trading decisions. At the same time, Markets.com has also not neglected the more experienced traders. The wide range of platforms and trading tools provided by Markets.com gives the experienced trader a solid foundation in which to implement their trading strategies effectively.