Markets.com broker reiew
Markets.com broker review.
Markets.com offer a wide range of assets including Forex, Commodities and single stock CFD’s. The are regulated in many countries including the UK and Australia.
Probably one of the draws for Markets.com is their charting offering which is the Tradingview package with direct trading off the charts.
Account type: CFD’s
Markets: Forex, Digital, Equity exchanges, Stocks, Precious Metals, Commodities
Category: Market Maker
Status: New and experienced traders
Regulation: FCA (UK) CySEC (Europe), FSCA, ASIC, FSC.
Smallest position on forex: 0.01 of a standard contract
Open an account: www.markets.com
About the broker
Markets.com is a brand that is owned and operated by SafeCape Investments Limited who are a broker. SafeCape in turn are an subsidiary of Playtech PLC who are listed on the London Stock Exchange. For their African, Australian and Global offerings these are operated by TradeTech Markets. They are now regulated by FCA (UK), CySec (Europe), FSCA (Africa), ASIC (Australia) and FSC (BVI) so they have a wide reach.
They operate as a market maker hence are able to offer tight spreads across their range of of more than 2200 assets. This may appeal to those traders that are keen to trade a variation of markets all on one brokerage. If you are considering trading shares via CFD’s you should be aware that you will be charged an overnight fee plus of course you have the leverage.
They have equipped their platform offering with a wide range of tools including Fundamental, Technical and Sentiment plus they offer their own educational shows which covers major live news events, this being their XRay tool.
First impressions were somewhat mixed for the Markets.com platform. This was due to the fact that you do not see much in the way of open positions etc at first glance. In fact you need to search around a little to get all the data, but having said that, we often say that the last thing you often should be shown is your account details.
The platform shows you all that you need regarding open positions with a click but the default view is of the Asset lists and charts. Trading from the platform is quite simple, you can trade and adjust positions from the charts themselves.
The trading tickets are clear and easy to use but could show more details such as the swap charges.
Aside of the charts which are discussed below, with a few clicks there are quite a few resources are available. These are more focused towards stocks which is good if that is where your interests lay.
Markets.com also offer MT4 and MT5 accounts. They also have mobile APPs for both IOS and Android. We have not tested these yet.
It took me a while to realise where I had seen the format of the charts before. For those people that subscribe to Tradingview you will recognise them. This is no lite version of the charting offering, instead you have no limitations on the number of indicators you can apply to your charts. It may not offer all of the screening functionality that comes with the Tradingview but it also does not cost you $60 a month!
We recommend the said charting package so we can only suggest that you are getting a good tool here with your trading account. It does have all the common indicators that we use and the look of the charts/platform can be adjusted to either a dark or light view.
One thing that is missing is the ability to float/un-dock the charts but you can stretch the browser to fill a number of screens.
- EUR/USD 0.40
- GBP/USD 1.20
- USD/JPY 0.60
- AUD/USD 0.80
- USD/CAD 1.50
- GBP/JPY 3.20
* Rates taken from live site
Opening an account with Markets.com is straightforward. You can open an account in the UK with just £250. You will just need the usual proof of address and identity.