|Regulated:||Regulated by the FCA, CySEC and MIFI|
|Min Trade Amount:||1,000 units|
|Bonus:||$25 No Deposit plus $2,000 Welcome Bonus!|
|Free Demo Account:|
|Trading Platform:||Web based (MT4), Mobile and Tablet|
|GTD Stop Loss:|
Markets.com is a forex trading brand owned by Safecap Investments Limited. Safecap Investments Ltd is a firm dedicated to the provision of forex and CFD brokerage services. This brokerage firm is located in Cyprus and thus comes under the regulatory purview of the Cyprus Securities and Exchange Commission (CySEC). There are reports of regulation also provided by the FSA and several other EEA licensing agencies but these cannot be independently verified at this time.
Established in 2006, Markets.com officially began forex brokerage business in 2008. Markets.com operates a dealing desk, thus functioning as a market maker.
The following forex trading platforms are available on Markets.com
a) MetaTrader 4: The MT4 needs no introduction as most traders on the retail side of the market would have been familiar with it.
b) Market Multi-Terminal is for account managers and traders who own more than one account. This trading platform allows for simultaneous setting and execution of orders on different accounts.
c) Market Mobile Trader: This platform is built for use on the iPhone, iPad, Android based devices as well as Blackberry 6 and above. This is one of the few platforms built for the Blackberry devices.
d) Sirix WebTrader: The Sirix web-based trading platform is designed for social trading, and for market analysis. It enables the trader to split the screen into cubes, all of which can be used to create different windows for better market analysis. The best platform for trend detection on Markets.com is Sirix.
Traders on Markets.com can operate two types of accounts:
a) The practice account is the demo account. This can be used for just 30 days with a $100,000 virtual balance.
b) The Classic account is for traders who are starting their forex trading career with as low as $100
c) The Standard account is the live account type available for those who can start with $2,500.
d) The Premium account is for the high rollers. Any trader that cannot muster at least $20,000 for this account type will not be accepted.
Bonuses for the Classic account can get up to $250, effectively making this a 100% bonus. For those operating Standard accounts, there is a welcome bonus of up to $2,000. Premium account holders can get up to $2,000 bonus. A few freebies such as full access to News on Mobile service and free FX Signals are also chipped in for the Premium account holders.
47 assets can be traded on Markets.com.
Deposits and Withdrawals
The following transaction methods exist on Markets.com for funding and withdrawal from the trading account:
a) Credit cards: The following cards are accepted: VISA, MasterCard, Diner’s Club and Maestro.
b) Webmoney is a money transfer method popular in Asia.
c) Fast Bank transfer is a local bank wire transfer service available to selected locations.
d) Wire transfers are available for those who cannot use the methods listed above.
The minimum deposit on Markets.com is $US100. A minimum trade size of 0.01 lots (1 micro lot) can be initiated. The minimum spread is 3 pips, while leverage is set at 1:200 with a margin requirement of between 0.5%.
There are no deposit or withdrawal fees, and no limitations are placed on the amount that can be withdrawn and the frequency of withdrawals. Any transfer fees for withdrawals above $2,500 are covered by the broker.
Markets.com can be reached in the following ways:
- Physical Address: Tower, 6th Floor Kafkasou 9, Aglantzia P.O. Box 26522 CY 2112, Nicosia, Cyprus.
- Phone no.: +357-2-203-0583 and +357-2-203-0583 (trading desk)
- Fax no: +357-2-202-2523
- Email: [email protected]
Customer support is provided 24 hours a day and five days a week via direct calls, email, live chat and fax.