Type: Forex

Location: Cyprus

Founded in: 2009

Regulation: Cyprus Securities and Exchange Commission (Cysec)

Leverage: 200:1

Scalping: Yes

One Click Trading: Yes

EA trading: Yes

Market analysis: Yes

Languages available: English , French , Arabic , Italian, Russian + more

Contact methods: Phone, E-mail, Live Chat

Support hours: 24/5

Deposit Options: Credit Card, POLi, Wire Transfer, Web Money

Withdrawal Options: Credit Card, POLi, Wire Transfer, Web Money

Markets.com, besides the catchy brand name is a serious forex broker that has been in operation since early 2000. Being one of the early leaders in the retail forex space, Markets.com has evolved to become one of the well known and reputable forex brokerages. The company, Safecap Ltd. was acquired by Playtech Ltd, which is a publicly traded company listed on the London Stock Exchange.
With a strong backing, Markets.com is no doubt one of the big players in retail forex. Besides the point that Markets.com is domiciled in Cyprus, the company is licensed in Cyprus by CySec and in South Africa by FSB. Markets.com however does not allow traders from Canada, Japan, US and Belgium to open an account and trade.
While this might be limiting for readers from the above region, for the most part, Markets.com offers an exciting range of instruments to trade.

Account Type: Classic

Markets.com offers a standard account type for traders. Meaning that, there are no complicated account types to choose from. The minimum amount required to open an account with Markets.com is $100. While Markets.com offers Standard and Premium account types, the additional value added benefit is in terms of market reports and dedicated account manager.
Traders who register for a demo account by clicking here can claim a $25 no deposit bonus if they fill out the account details such as name/email address and other trading related information.
In terms of spreads and trade execution, Markets.com offers floating or variable spreads as well as fixed spreads, depending on the instrument that you are trading. For example, most of the forex currency pairs come with a fixed spread. For EURUSD, the spread is 3 pips, which admittedly can be a bit large for some traders.
But for the wide choice of trading instruments which covers stocks and bonds besides indices, forex and metals, the spread is a small price to pay.
Spreads: Markets.com offers floating and fixed spreads depending on the instrument in question. For the major forex currency pairs, the average spread ranges from 2.2 pips to 3.10 pips. Some of the cross currencies such as AUDNZD, EURNZD have spreads in the range of 10 15 pips, while exotic currencies such as EURSEK, EURRON and so on have spreads in the range of 40 – 60 pips. Due to the fixed spread, the spread changes are largely constant.
Execution: While markets.com offers market execution, pending orders can be set an average of 5 – 10 pips from the market price.
Trade Size: The minimum contract size is 0.01 among forex. While for CFD’s which includes stocks, indices, bonds, commodities, the spreads vary. For example, Crude Oil has a spread of 0.05USD while Wheat CFD’s have a spread of 2.5 USD. The highest spread is 10USD for trading Zinc CFD contracts.’
Instruments: Markets.com is unique in the fact that traders have a wide choice of trading instruments to choose from. In all honesty, while markets.com is not ideal for trading forex, if you prefer to trade bonds, stocks, commodities, indices and shares, then Markets.com is the ideal broker to trade with.
In conclusion, the relative testing of Markets.com trading conditions especially on stocks, commodities, bonds, indices shows that the trading conditions are fairly acceptable.