General information and regulations of Markets.com
Registered in the Virgin Islands, Markets.com is an online forex broker that has been offering service for over 5 years.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.
At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.
Market instruments
Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks, ETFs, bonds.....Markets.com allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on Markets.com.
Spreads and commissions for trading with Markets.com
Markets.com does not detail on its website additional trading costs such as spreads, commissions, SWAPs, etc. These costs are very important when calculating profits and losses, and should be considered in aggregate and not chosen in isolation. If you want to trade with Markets.com, we recommend that you take the time to calculate these transaction costs.
Account Types for Markets.com
Markets.com does not provide account information. Generally, Forex brokers offer several different levels of real accounts with different trading conditions (leverage, spreads, commissions, etc.) depending on the minimum deposit amount. In addition, many brokers offer demo accounts, where interested parties can trade without incurring real money losses. Due to the law prohibiting interest in the Islamic region, some brokers also offer Islamic accounts without overnight interest charges.
Trading platforms offered by Markets.com
As for the trading platform, Markets.com provides its clients with many options. There are public platforms such as MT5 and MT4 that have served many clients worldwide, also Markets.com's own platforms. If you didn't want to spend time familiarizing yourself with a new platform, you could choose MT5 and MT4. But Markets.com's own platform provides better compatibility with businesses, as they are specially developed and customized platforms. The choice is yours.
Leverage offered by Markets.com
Although some brokers offer leverage up to 1:500 or even 1:1000, the leverage of 1:300 offered by Markets.com is sufficient for the average trader. This is because the more leverage you have, the more risk you take with your money. Even professional traders, let alone novices, should not be tempted to use leverage as large as 1:500.
Deposit and withdrawal methods and fees
About how deposits and withdrawals work, we can only get some information in the FAQs section. Wire transfers, MasterCard, VISA, Skrill, Neteller and zotapay are the payment methods handled by Markets.com. There are no extra fees for deposits and withdrawals.
Educational resources
A series of educational resources is available at Markets.com, such as trading tools, basic knowledge, glossary, news.
Customer support of Markets.com
Below are the details about the customer service.
Language(s): English, Spanish, Vietnamese, Malay, Chinese, etcetera
Email: support@markets.com
Phone Number: +44 2080 979 794
Social media: Facebook, Instagram, LinkedIn, YouTube, twitter
Users exposures on WikiFX
On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Advantages and disadvantages of Markets.com
Advantages:
Well regulated
MT4, MT5
Educational resources
Many instruments available
Disadvantages:
Complaints
Few information available
Few deposit and withdrawal methods
No copy trading
Frequent asked questions about Markets.com
Is this broker well regulated？
Yes, it is currently effectively regulated by CYSEC
2024-07-30 18:40
2024-05-17 18:39
