MARKETS.COM REVIEW
Is MARKETS.COM one of the best Australian Forex Brokers? We conducted an in-depth review in February 2018 to find out the answer and bring it to you!
Markets.com, previously known as GFC Markets, was called into lifeĀ in the year 2010Ā byĀ Safecap Investments Limited, a company based in Nicosia, Cyprus. Today,Ā Markets.com Australia is operated by Tradetech Markets (Australia) Pty Ltd, which is owned by TradeTech Markets Limited and is a subsidiary of Playtech PLC, a company traded on the London Stock Exchangeās Main Market and a constituent of the FTSE 250 index.Ā The company has been the official sponsor of the famous British soccer club Arsenal F.C. since October 2014.
Safecap and Markets are subsidiaries of Playtech PLC, a company that trades on the London Stock Exchange's Main Market. Playtech is one of the world's biggestĀ gambling software development companies and was founded in the year 1999.
| š» Trading Platform | MetaTrader, Markets Trader |
| š¢ Head Office | Nicosia, Cyprus |
| š Founded | 2010 |
| ā Reviews | 4.1 - 368 Reviews trust Pilot |
| ā Maximum Leverage | 300:1 |
| š„ Execution Servers | LD5 |
| š” Broker Type | Market Maker |
| š° Negative Protection | No |
| š Trading Options | Forex, CFDs, Crypto, Stocks |
SECURITY, MARGINS AND TECHNOLOGY
SECURITY AT MARKETS.COM
In Summary
- ASIC & CySEC regulated
- FBS authorised
- No dealing-desk intervention
au.Markets.com isĀ solely and exclusively operated byĀ Tradetech Markets (Australia) Pty Ltd, a company which is licensed and regulated by the Australian Securities and Investments Commission (ASIC).
Markets.com is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) and is also authorised by the Financial Services Board (FSB) in South Africa as a financial services provider.
All client funds are held in segregated bank accounts to ensure maximum fund protection.
Spreads Comparison
MARKETS.COM
PEPPERSTONE
THINK MARKETS
OANDA
IC MARKETS
FXTM
CHARGES AND MARGINS AT MARKETS.COM
In Summary
- Spread mark-up
- Minimum deposit $100
- Up to 300:1 leverage
Market's minimum deposit is set to $100, and customers can choose between USD, EUR, GBP, DKK, NOK, SEK, PLN, CZK and AED as deposit currencies.
Markets.com offers a wide variety of more than 2,000 financial instruments, including over 50 currency pairs, 25 of the major indices, over 30 ETFs, more than 15 commodities, Bitcoin Futures CFD and over 2,000 shares.
Maximum leverage is set to 300:1 on Forex, 10:1 for shares, 1:1 for BTC CFD, 150:1 on indices, 100:1 for ETFs and 200:1 for commodities. Ā
Markets.com doesnāt charge any commissions or fees but goes with the āspread markup model' instead.
Spreads start from 1.90 pips on major Forex pairs.
TECHNOLOGY
In Summary
- Reliable trade execution
- Markets own proprietary platform
- MT4 & MT5
- Secure & stable trading environment
Trading platforms offered by this broker is Markets' very own proprietary platform, which is compatible with desktop computers and most Android/iOS devices as well as the popular MT4 and MT5 platforms. Its WebTrader platform is user-friendly and comes with an interesting charting and technical indicator package. The software has only recently been updated, optimised and improved, and it now has an even more intuitive feel.Ā
Compared to the widely appreciated MT4 or cTrader, Markets.comās in-house platform is a good, easy-to-use gateway; however, in our opinion, it is not as smooth and powerful as the more popular choices such as MT4 or cTrader. Another downside is that thereās no downloadable version available, everything is web based.
The mobile platform is well designed and, similar to the web version, easy-to-use. However, it comes across as a bit too simple and lacks the multiple functions and tools that are available in the WebTrader offering.
Markets.com offers the industry-leading Trading Central Services, which can significantly enhance every trader's experience and keeps traders well informed with Trading Centralās analysis of the financial markets.
Another interesting tool is TipRanksā Market Consensus, a cutting-edge decision-making support tool. This Market Consensus package can offer advanced analytical tools and financial insights that support a traderās strategy.
Overall, Marketsā trading environment is fast, secure and reliable with easy-to-use software and a solid trading platform.
Execution of Speed Comparison
Markets.com
PEPPERSTONE
THINK MARKETS
OANDA
IC MARKETS
FXTM
CUSTOMER SERVICE, TRADING OPTIONS AND SPECIAL FEATURES
AN OVERVIEW OF MARKETS.COM CUSTOMER SERVICE AND CLIENTS
In Summary
- 24/5 customer support
- Global presence
- Real or Demo account option
Markets.comās customers can contact the support team from Monday through to Friday ā 24/5 ā via email and live chat. Thereās also a small FAQ section on various topics within the Support Center section on its official website. While this contains sufficient information to answer the most common queries, it is not particularly detailed.
Overall, its customer support is friendly and competent and has won quite a few industry awards over the years. It provides support in 15 languages to customers in more than 100 countries throughout the world.Ā
The trading products that are available include 50 currency pairs, 25 of the major indices, over 30 ETFs, more than 15 commodities, BTC Futures CFD and over 2,000 shares.
Clients new to trading will find Markets' own proprietary trading platform easy to use and highly beneficial. Experienced traders can also benefit from the platform's features, especially the advanced analytical tools that are available.Ā
FOREX AND OTHER TRADING OPTIONS AT MARKETS.COM
In Summary
- 50 currency pairs
- BTC Futures CFD
- 15 commodities & 30 ETFs
- 25 indices CFDs & 2000+ shares
Markets offers 50 currency pairs, 25 of the major indices, over 30 ETFs, more than 15 commodities, 7 cryptocurrencies (11 pairs) and over 2,000 shares.
Over 50 currency pairs are available for trading, including all majors, minors and many exotics.Ā Leverage on Forex can be as high as 300:1.
Leverage on all available 15+ commodities, such as oil, gold, silver, natural gas, coffee, etc. can be set to a maximum of 200:1.
At this point of time, cryptos such as Ripple's XRP, Ethereum, Litecoin and Dash can be leveraged as high as 5:1. Bitcoin Cash 2:1 and Bitcoin 1:1.Ā Ā
Markets.com also offers a large selection of more than 2000 shares from around the globe. These instruments can be leveraged up to 10:1. The leverage for all available EFTs can be as high as 100:1.
Traders can choose to trade all the above-mentioned options as well as some of the worldās top markets such as the Australian S&P 200 Index, Dow Jones, UK FTSE 100 Index, US E-mini S&P 500, Germanyās DAX 30, Japan's Nikkei 225 and Hong Kongās Hang Seng 50. All indices CFDs can be leveraged up to 150:1.
All trading activities are commission-free, but a spread markup applies. The minimum deposit requirement is $100, and the lowest spreads start at 2.0 pips.
SPECIAL FEATURES OF MARKETS.COM
In Summary
- Trading Central Services accessible
- Markets own proprietary platform
- Solid spreads & leverage up to 300:1
- Sign-up Promotion
No hidden commissions or fees. The āservice feeā is in the form of spread markups.
24/5 award-winning customer support is available in 15 languages.
Great selection of tradable financial instruments including BTC Futures CFD.
Low minimum deposit of $100.
Easy-to-use, proprietary platform with interesting features.
MT4 and MT5.
Having partnered with the industry-leading Trading Central Services, Markets.com gives its clients access to one of the best analysis tools on the market. Traders also have access to TipRanks' Market Consensus, a cutting-edge decision-making support application.
This Market Consensus package can offer advanced analytical tools and financial insights that support a trader's strategy.
Max Leverage Comparison
Markets.com
PEPPERSTONE
THINK MARKETS
OANDA
IC MARKETS
FXTM
IN CONCLUSION
We found that Markets.com is a very strong broker with a great selection of tradable instruments and a very decent trading environment. Overall, we can highly recommend signing-up with Markets.com and enjoy their advanced trading signals and charts, solid spreads and innovative, real-time trading tools.Ā