Markets.com South Africa Review
You are, most probably, familiar with the Markets.com brand as this broker has nearly a decade of experience in servicing millions of financial traders from all over the world. Recently, this company has been granted a license from the Financial Services Board of South Africa, and this is why we decided to come up with a Markets.com South Africa review.
If you are NOT a trader from South Africa – read this Markets.com review
Markets.com South Africa special features
While there are not significant differences between Markets.com FSB regulated and CySEC regulated brands, the most striking difference is the availability of the no deposit bonus of ZAR250 at the FSB regulated company. Hence, when signing up at the South African branch of Markets.com, you will be entitled to trade CFDs online without even making a deposit.
The reason behind this difference is quite simple. Considering the new policies released by the ESMA, EU-regulated brokers are no longer allowed to offer bonuses and other trading benefits.
Another benefit of trading with Markets.com FSB regulated company is the provision of the trading signals, as none of the EU brokers can offer this. This feature is, however, limited to MT4 account holders.
Finally, this broker encourages you to refer your friends in a truly win-win manner. In case you send a depositing trader to Markets.com South African, you and your friend will be given some extra trading capital.
Markets.com South Africa is not the first broker to receive an FSB license, yet it does seem like it is a brokerage that will shortly climb the top of the South African forex broker ratings. The company has an outstanding experience servicing the traders from all over the world as it has been operating since 2008. In addition to this, za.markets.com website is operated by the Tradetech Markets (South Africa) Pty Ltd, an entity that belongs to Playtech PLC – a company that is traded on the London Stock Exchange and that is included in the FTSE 250 index.
The above mentioned facts clearly point us to the idea that za.markets.com is a trusted website and you may clearly see that Markets.com is a legit brokerage.
Markets.com FSB regulated entity – deposit and withdrawals
Money operations at Markets.com South Africa are offered through Visa, MasterCard and Maestro cards. Next to this, you can deposit and withdraw through Skrill and Neteller. Finally, this is one of the only brokers that accept payments through a local payment system – Paygate.
South African Markets.com review summary
Essnetially, the services offered by the FSB regulated entity of Markets.com are not too much different from its CySEC company. However, as the local regulation allows the provision of bonuses and other benefits, Markets.com SA clearly leverages on this. Considering that this company offers to preview its services on a no deposit account, it is certainly a great idea to try it out and make the conclusions for yourself.