Markets.com Review 2024 - Is it a Scam? Fees, leverage, minimum deposit
Markets.com is a subsidiary of Cyprus-based SafeCaps Ltd., a holding company focused on the financial services sector. With this broker, customers can choose between fixed and variable spreads. An option that is not given everywhere on the market. In the review, this aspect therefore rightly plays a major role. What else does the company have to offer dealers? Our review shows that there are a number of things that can convince traders to open an account.
The opening of a trading account is already possible from 100 euros.
Maximum leverage of 1:200 (Forex) provides a solid basis for trading even with larger positions.
Regulation is primarily carried out by the Cypriot CySEC.
In the Markets.com review, we immediately noticed the high spread of 1.7 pips and others on EUR/USD, which can make it difficult for beginners with small capital to trade successfully. Apart from this, however, customers can expect a largely positive offer, which is defined by a low minimum deposit of €100, German-speaking customer support and a comprehensive educational offer with a free demo account.
One of the most important points when looking at the broker in Markets.com's experience is the extremely successful market participation, which has been confirmed over the years by numerous awards as one of the best offers for forex and CFD trading. The contact possibilities show that Markets.com is active worldwide. 33 different language telephone hotlines are available to customers from over 100 countries. The company, which was founded in 2008, is a market maker and can be particularly convincing with regard to its regulation: The countless awards are, in addition to the legal basis, also reason enough to accept the company as a reliable and credible partner. Newcomers in particular are sceptical about these points, but they should see them as positive and also pay attention to the broker's high training standards. According to our review, these can be classified as above average in terms of economic data in combination with the flow of information. Webinars and tutorials offer the best possible introduction to trading with leveraged products.
When looking for the best online broker, traders should check the terms and conditions of their favorites as closely as possible to ensure that they are aware of the costs and fees incurred. Markets.com's search for trading conditions starts with a low minimum deposit of 100 € or 100 USD, which should not be a major hurdle even for beginners with small capital. In the Markets.com review, however, the high spreads of 1.7 pips on EUR/USD and many other currency pairs stand out, which have to be paid to the broker by the client when trading via the Markets.com platforms at a maximum lever of 1:200 (forex). Markets.com's CFD trading spreads are also not particularly narrow: DAX30 can be traded at a spread of 2 pips at a maximum lever of 50:1 - only the trading of stock CFDs such as Apple Inc. is possible at a spread of 0.10 USD, but the maximum lever at 1:20 is much lower than for currencies or indices. Traders can obtain a precise overview of all costs incurred on the broker's website, where the terms and conditions of CFDs and Forex trading can be viewed in the CFDs and Forex trading conditions. This speaks for the company's transparent handling of fees, which we were able to assess positively in the Markets.com review.
Markets.com's trade offer is - to put it bluntly - impressive. In addition to the more than 50 currency pairs, CFD trading also includes more than 1,900 underlying transactions in commodities, equities, indices and bonds. A selection that is not often found on the market and offers every customer a comprehensive Markets.com experience. Trading takes place either on the well-known MetaTrader 4 platform or on the company's own Sirix Webtrader platform. In addition, there is the Market Mobile solution and the Market Multi Terminal. The prerequisite for trading is a deposit of 100 euros or 100 dollars into the trading account so that a trader can make a Markets.com review with the live account. There are spreads for trading, but no commission is charged even for trading in equity CFDs. Markets.com has realized that traders no longer want to sit alone in front of their tools and charts, but also want to benefit from each other. Against this backdrop, the trading network was introduced, which makes it possible to take over the transactions of other traders on a one-to-one basis and thus benefit from more experienced traders.
Markets.com does not require that you open a live account first, so that beginners can use the demo account to get an overview of how leveraged products work. In this way, the broker does not give rise to any suspicion of fraud on this point. In principle, the registration of a demo account is free of charge for all interested parties at any time and without obligation.
If you choose to open a Live Account, Markets.com will not award you any bonuses. However, this does not adversely affect the valuation of the broker, since other factors are far more important. If you still don't want to give up a bonus, you can take a look at the AvaTrade offer.
The Markets.com review should not forget the company's trading platforms either, as they can be relevant to successful trading. Markets.com provides customers with a wide range of trading platforms that promise user-friendly trading: Markets.com offers both the popular MetaTrader4, which features Expert Advisors, a professional user interface and numerous different indicators and charting tools, and the Sirix WebTrader for successful trading from a browser. Just like Sirix WebTrader, Markets WebTrader allows you to trade easily using your preferred web browser, which has several advantages: Traders can trade from any PC with Internet access and never have to worry about viruses or Trojans that could be "hijacked" by downloading, as neither Sirix nor Markets WebTrader need to be downloaded from the company's website. However, Market. com's mobile trading apps also make it possible for owners of iOS or Android devices to trade easily and conveniently, even when they're on the move via smartphones and iPads. However, MetaTrader 4 MultiTerminal allows the client to manage multiple trading accounts at the same time, which can be of particular benefit to particularly ambitious traders.
For one member of the SafeCap Group, its headquarters in Cyprus is almost self-evident. The availability and support are therefore identical to all other companies in this group. On the homepage of the broker the respective telephone numbers are named, under which the support is naturally available in German language. You can also request support via e-mail or live chat. With this service, the broker also takes care of his clients that they could be affected by a Markets.com scam.
In order to trade successfully, traders rely on fast, inexpensive and straightforward transaction methods that can facilitate and accelerate deposit to the trading account. Markets.com provides customers with a variety of deposit methods, including convenient online payment services that allow them to make quick and inexpensive deposits.
Of course, Markets.com was also able to receive one or two awards during its existence, which were awarded by experienced experts as well as satisfied customers. In 2012 in particular, Markets.com received a number of awards, including the London Trader Show Forex Best Customer Service Award and the Global Banking & Finance Review's Best Broker in Customer Service Europe 2012 award. If the company should be able to maintain its level in the future and continue to expand its range of products - especially with regard to the high spread - nothing should stand in the way of future awards.
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