|Foreign Exchange (fx), Crypto Currency Services|
|Equities, ETFs & Options Trading Services|
|Commodities, Bonds & Treasuries Trading Services|
|Funding & Company Size|
|Investor Protection & Regulation|
|Trading Platform Software|
|Customer Support, Research & News|
|TRUST – Online Followers, Tweets & Ratings|
Markets.com: Best for traders wanting the Best Selection of Cryptocurrencies, Shares, Indices & ETF's to Trade combined with industry-leading customer satisfaction ratings. Markets.com specialize in the sheer number of tradable stock market-based vehicles, with an incredible 2000+ shares, 25 Indices and even 30 different ETF's to trade, this is an admirable selection.
Markets.com established with headquarters in the UK has been around since 2012 which makes it one of the newer CFD brokers on the market. They have an excellent selection of Forex pairs and share CFD’s to choose from This is reflected in the sheer size of the number of instruments you can trade.
|Markets.com Review Summary||Pro’s||Con’s|
|Trust Pilot Rating (% Avg or Better) 96%||★ Large Selection of Share CFD’s||✘ No MT4 or MT5 Platforms|
|TrustPilot Stars ★★||★ Negative Balance Protection||✘ No Scalping / HFT|
|FPA Rating ★★||★ Integrated Alerts & Signals|
|Open An Account||★ Large Established Broker|
Trusting the broker you are using is critical. You need to be sure that the broker is reputable, efficiently run and well regulated. To be able to assess the quality of a broker we have chosen to use two sources of ratings, because some brokers may be unfairly discriminated against on one rating website, and have great reviews on another website. We have chosen what we believe to be the best to sources for impartial customer ratings. Firstly we use Trustpilot, it is a well established independent website where customers can rate brokers. Secondly, we use ForexPeaceArmy (FPA) which is a very well run community-driven rating site focused on fairness. One of the issues with review sites is that sometimes unhappy customers form the majority of reviews as they are an outlet for complaints, the happy customers feel no need to review the service as they are content.
Markets.com scores very well on Trustpilot, with a 96% approval rating from 359 reviews. The approval rating is the total percent of reviews that are rated average, great or excellent. In fact, 84% of their customers rated the service as excellent, this is amongst the very highest in the industry. Alternatively, on the FPA website, they scored 2 stars, which is a contrast to Trustpilot. Taking both into consideration we can assume Markets.com is a reputable broker. Always do your own research.
For A Full Data Sheet of the Markets.com offering see the bottom of the page.
Instruments & Leverage Markets.com
|Asset||Professional Clients||Retail||Margin Increase|
|Major FX pairs||295:1||30:1||7x|
Table 1: Instruments & Leverage Per Account
As you can see the amount of leverage available to the professional trader is significantly more, but you will have to prove that you qualify for the account, meaning, proving your net worth and trading experience.
Markets.com specialize in the sheer number of tradable stock market-based vehicles, with an incredible 2000+ shares, 33 Indices and even 50 different ETF’s to trade, this is an admirable selection.
They also offer a great selection of Fx Pairs (54) and a reasonable selection of Cryptocurrencies (6). In comparison with other brokers, their levels of leverage on offer to the retail trader are low with only 2:1 on Crypto and 1:10 on shares.
Brokers Trading Platform
Markets.com aims to keep it simple and straight forward when it comes to tools. You can trade from your tablet, smartphone, and PC / Mac. There are no costs associated with using the platform and no complex installation. The beauty of this platform is that it is extremely easy to use and intuitive, whether you are using your phone or have the WebTrader program installed on your PC.
The Markets.com App has a 4-star rating on the Play store and in the Apple store only a 2.9 rating with many complaints, many brokers get poor ratings for their mobile software. So if you plan on trading from your iPhone or tablet, I would not recommend this broker. If using a PC or Android, it should not be a problem.
Markets.com have opted to use a proprietary web-based trading application and are not using the industry standard specialist programs like MetaTrader 4 or 5 or MT WebTrader. If you are looking for powerful trading, algorithmic automation or even copy trading, I would suggest looking at this review.
[Related Article: The Best Most Trusted Forex & CFD Brokers Review]
Order Execution & Trading Styles
Markets.com is the Market Maker for their clients, that means they are the dealing desk, they do not offer straight through processing (STP) or direct market execution via the electronic communication network (ECN). That means they take the opposite side to your trade. This could potentially be a conflict of interest with the client unless the broker is unscrupulous and manages the risk properly. Markets.com do have a risk policy to mitigate these circumstances. Scalping, arbitrage and high frequency trading are forbidden under the trading agreement with this broker.
Company Background & Regulators
They are one of the newest entrants to the market having been established in 2012, but they are part of a large company – PlayTech PLC a FTSE 250 registered company specializing in betting. They are regulated by Cysec in Cyprus and ASIC in Australia.
Account Funding & Investor Protection
Opening a demo account is free, but to start trading you will need a minimum balance of $100. Minimum balances seem to be important to some people, but from my perspective, if you cannot afford $100, you probably should not be attempting to trade CFD’s.
Markets.com offer Negative Balance Protection which is really important for CFD traders, meaning the backstop of margin call will protect you and guarantee even if you do not meet the margin call, that you will not end up owing money to the broker, they will execute the sale on time.
Finally, as per regulatory requirements, they operate segregated accounts, meaning that your cash account is segregated from the accessible funds available to Markets.com, simply meaning, they cannot use your funds to trade their own account. Also, there is Financial Services Compensation Scheme (FSCS) insolvency compensation of up to 20,000 EUR in accordance with CySec regulations.
Markets.com Review Summary
Markets.com is a well-established broker and a UK FTSE 250 listed company. Their strength is the large selection of Fx pairs and Shares, ETF’s an Indices you can trade. They are good for a discretionary trader, not high-frequency traders or scalpers as they act as the Market Maker for their clients. They have a simple and effective online trading application, but the iPhone app is poor. They are regulated in Cyprus and offer negative Balance Protection and segregated account.Markets.com CFD Forex Broker 59 Point Data Sheet
CFD Risk Notice ESMA & FCA Risk Warning - "CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts may lose money when trading CFDs with any provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk"We thoroughly background check the brokers we recommend and only list reputable trustworthy companies. Read our tips to perform your own background checks, and test a broker after you sign up. You can perform your own check easilly. LiberatedStockTrader.com accepts no responsibility for your experience with any broker.