Markets.com CFD Forex Broker Review [2019]

Is it plain sailing for Markets.com a leading CFD & Forex Broker? Find out what their services are and what their customers think.

REVIEW BREAKDOWN
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 CFD Review & Comparison

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

 

Markets.com: Good for traders wanting a great selection of Share, ETF and Indices CFD’s to trade combined with an online trading platform

Broker Ratings & ReputationMarkets.com CFD Forex Broker Review

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
Major Indices 200:1 20:1 10x
Gold 200:1 20:1 10x
Commodities 100:1 10:1 10x
Equities 20:1 5:1 4x
Cryptocurrencies 5:1 2:1 2.5x
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

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Account Funding

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.

Investor Protection

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.

BrokerMarkets.com CFD Review & Comparison
Customer Ratings
ForexPeaceArmy Rating★★
Trustpilot Stars Rating★★
Trustpilot (% Average Rating & Above)96%
Dealing Type STP
Dealing Type ECN
No Dealing Desk / Market Execution
Market Maker
Scalping & HFT Allowed
Instruments & Leverage
Forex Pairs 54
Forex Leverage1:30
Forex CommissionsSpread
Crypto Trading #6
Crypto Leverage1:2
Shares #2000
Shares Leverage1:10
Shares CommissionSpread
Indices #33
Indices Leverage1:20
Indices CommissionSpread
ETF #50
ETF Leverage1:5
Commodities, Bonds, Treasuries
Commodities / Futures17
Commodities Leverage1:20
Bonds / Treasuries #4
Bonds Leverage1:5
Automated Trading
Funding & Company Size
Minimum Balance$100
Established2012
Investor Protection
Negative Balance Protection
Guaranteed Stops
Volatility Protection
Segregated Accounts
Investor Protection $20,000 EUR
Regulated ByCySEC, FSCA, ASIC
Parent CompanySafecap a Subsidiary of Playtech PLC - LSE Registered FTSE 250 Company
Primary Business LocationUK
Trading Platfrom
SoftwareMarkets.com Trading Platform
Metatrader 4
MetaTrader 5
MT WebTrader
ZuluTrade
MyFXBook
Ctrader
Mam / PAMM
Mobile Software
Customer Services
Customer SupportLive Chat
Research / SignalsMarket Consensus
Markets.com Traders Trends
Trading Central
Trending Now
Events & Trade Reports
Social Trading
Islamic Account
EducationWeekly Webinars
Twitter Followers7,400
Markets.com CFD Forex Broker 59 Point Data Sheet

CFD and Forex Broker Review

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.

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