Markets.com Review

Markets.com seems to be a name you can truly count on when it comes to trading CFD’s, ETF’s, Indices, Forex, Shares, Cryptocurrencies and so much more.

Markets.com is a brand name and trademark used by Safecap which is part of the Playtech PLC Group. Playtech is listed on the London Stock Exchange and part of FTSE 250 index. Safecap is authorized by the Cyprus Securities and Exchange Commission (CySEC) under license number 092/08 and Financial Services Board (FSB) in South Africa as a Financial Services Provider under license 43906. In other words, Markets.com is a very reputable brand who maintain uncompromising operational standards.


 

Accounts Available

  1. Real Account (Minimum $100 deposit)
  2. Demo Account ($10,000)
  3. Islamic Accounts

Markets.com offers a real account, with the minimum deposit set at $100. A demo account is available which will allow you to get a feel for Markets Trader and trading Forex in general, with no risk to you own money. The available balance to your demo account is $10 000. Markets also offer an Islamic account. An Islamic Forex trading account means that a broker doesn’t charge or pay interest. This is according to the laws of the Islamic faith.

The leverage for each account is set at a max leverage of 1:300. No matter which account you choose traders will have access to:

  • Daily market analysis
  • Webinars
  • Customer service
  • Support from your account manager

Markets.com is no longer permitted by the regulatory body it is governed by to provide any types of bonus offerings. 

Commission & Spreads

Spreads are as low as 2 pips on currency pairs such as EUR/USD, GBP/USD and others. No  commissions are charged. Floating spreads for the majors begins at 2.2 pips. For CFD trades, the spreads depend on the type of asset traded. Nevertheless, the minimum spread payable on CFDs is 0.005 pips (floating).

(We are unable to state that no fees will be charged as there are over night and weekend charges for keeping positions open.)

Withdrawals and Deposits

Markets.com accepts a wide range of options: clients can use debit or credit cards (Diner’s Club, VISA, MasterCard) as well as wire transfers to fund your account. If your preferred transfer method is unavailable you can always discuss the matter with a friendly Markets.com representative.

Markets.com does not charge any fees for deposits and withdrawals. Furthermore, they will reimburse you if your bank charges a fee for deposits that go beyond the $2500 limit.

The withdrawal process itself is easy. You submit a withdrawal request and Markets.com will initiate the procedure. Withdrawing from to credit card is simple and nearly instantaneous. Other methods may take 3 days or more.

Technical and Customer Support

Anyone’s who done Forex trading in South Africa knows how important customer support is. Fortunately, the customer service provided is top of the line and reliable.

There is live chat option for quick response. the technical staff is reliable and provide the answers you’re looking for.

(Customer Support is only available through live chat, email or post.)

Safety and Security

Markets.com puts emphasis on security and offers better protection compared to what you’d get with the average forex broker. Firewalls and SSL (secure socket layer) ensure your personal and financial information are safe.

Trading Platforms

Good forex brokers like Markets.com offer its own proprietary trading platform. The platform is on the web as well as mobile devices (supports both iOS and Android)

The user friendly WebTrader platform comes with a wide range of charting tools.  Technical indicators make it convenient to analyze market trends. These tools have been developed by Markets.com to satisfy the requirements of their clients.

Its trading platform provides a lot of useful features such as being able to view all your financial instruments at the same time. This allows you to be more efficient when it comes to trading. This trading platform also allows you to stay updated with latest market news which may affect currency pricing.

Markets.com offers traders multiple trading platforms including the following:

  • MetaTrader
  • Markets Mobile Trader
  • Markets Web Trader

Mobile Trading

Are you always on the go and don’t like being tied down to your desktop or laptop? Then you’ll want to take advantage of its mobile apps for the iPhone and Android. Both apps have been fully optimized so it’s easy to use while on the move.

Other Features

Markets.com provides several financial instruments that you can trade such as stocks, CFDs, ETFs indices, commodities and more. Account holders also get access to the latest news on precious metals, stocks, market indexes, commodities and more.

Markets.com makes it easy to discover traders trends. Insight into the trends of traders may help you make better trading decisions as well as discover more trading opportunities.

Discover Traders Trends

Free and exclusive to Markets.com Traders Trends allows you to:

    • Gain a deeper understanding of instrument trends among Markets.com traders
    • Evaluate and make trading decisions with consideration of the latest trends
    • Identify potential trading opportunities
    • Define which trade expiry times can deliver better results
    • Develop trade duration strategies

Trade Bitcoin Futures

Markets.com allows you to trade Bitcoin in a fast, secure and hassle-free way. Their Bitcoin Futures CFD trading doesn’t require any technical knowledge, nor do you need to install virtual wallets. Just use our responsive web trader or download the Markets.com app for Android or iOS to start trading Bitcoin.

Other advantages of Bitcoin Futures trading in Markets.com include:

  • Risk Management Tools

With Bitcoin Futures trading you can mark your desired thresholds (Stop Loss, Take Profit, etc) to potentially optimize your trading performance.

  • Secure Trading Platform

Unlike real Bitcoin trading, you are trading only the Bitcoin Futures. This means you are immune to cybercrime, scams and other hazards.


Pros 

  • Regulated by the FSB in South Africa
  • Several trading platforms to choose from
  • Unlimited Demo account available
  • Dedicated Quality Customer Support
  • Extensive Array of Trading Tools
  • Mobile Trading Supported
  • Trade Cryptocurrency such as Bitcoin Futures
  • Fantastic educational resources such as free webinars

Verdict

With their low minimum deposit requirement, Markets.com has made it extremely affordable to enter Forex trading. In addition, the comprehensive education offered by Markets.com also helps to ensure novice traders are better equipped to make informed trading decisions. The wide range of trading platforms and trading tools available give traders all the tools they need implement solid trading strategies effectively.


REVIEW OVERVIEW
FOREX TRADING SOUTH AFRICA RATING
97 %

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