When choosing your Forex broker, Markets.com can certainly catch your eye. First of all, it is a broker with years of history, hence there is a plenty information available about the company, and its long-lasting history in the retail FX market suggests that Markets.com can be trusted. Next to this, Markets.com truly enables its traders to access all of the possible markets in the form of CFDs – currencies, cryptos, stocks, energies, metals, bonds, and many more. Let’s continue with this Markets.com review and see in-depth details about the brokerage.
If you are a trader from South Africa – read this Markets.com review
Markets.com company information
Markets.com website is operated by the Safecap Ltd, a daughter company of Playtech PLC. Considering that Playtech PLC is a component of FTSE 250, it does give us an idea that Markets.com is not a brand that may disappear out of the blue. There is a strong financial backbone as well as technological, as Playtech has conducted a number of acquisitions in the Retail and Institutional FX industry.
Playtech has been founded in the year 1999, and it has acquired TradeFX (a previous owner of Markets.com) in 2015. Since then, the brokerage has received a number of updates, especially in terms of the available trading assets.
If we look up the history of markets.com website, we can clearly see that the brokerage has been operating since 2012. However, it does seem like before that, the company’s website was accessible through gfcmarkets.com since 2010. This gives us a clue that markets.com reviews already started happening more than 8 years ago.
Markets.com review of the trading conditions
At Markets.com you can trade all of the possible assets. The conditions are rather ok, with spreads starting from 2 pips on EUR/USD and averaging 3 pips for other major currency pairs. The leverage is up to 300:1 (T&C Apply) for all of the majors and other assets’ leverage is quite decent too.
Markets.com cryptocurrency trading
Considering the popularity of the cryptocurrency trading, we would like to give it a separate section at our Markets.com review. This brokerage offers CFDs on six different cryptos.
The contracts for every cryptocurrency (except the Bitcoin) expire every 10 hours, and the Bitcoin CFDs expire every 24 hours.
Considering that most of the FX and CFD brokers do not offer leverage for cryptos, Markets.com clearly stands out here with its leverage of up to 5 to 1 (T&C Apply). For most of the cryptos.
Is Markets.com legit?
Yes, it certainly is. Markets.com is regulated by the Cyprus Securities and Exchange Commission (‘CySEC’) under the license no. 092/08. While it is clear that the regulation alone does not make a broker legitimate, you may ask yourself – “Is Markets.com a scam?”, and the answer is quite obvious here too – it is not. The company has been operating for nearly a decade, and it has a strong financial backbone provided by the Playtech PLC.
Markets.com extra features
This brokerage lets you access the financial trading world through two types of the platforms – MetaTrader 4, the world’s most popular FX trading platform, and its own proprietary trading software. Besides that, Markets.com offers you a vast number of webinars, an extensive and helpful support center and a 24/5 live chat support. The website is available in 12 languages and the registration is quite fast as you may connect your Markets.com account with your Facebook or Google accounts.
Markets.com review summary
Markets.com offers a great selection of the trading instruments and it also lets you access the markets through two different trading platforms. Besides that, the company is fully regulated and has been operating for more than eight years. While it does not offer the best possible trading conditions, it is worth noting that it provides some excellent services.