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With over 2,000 tradeable instruments at Markets.com, traders looking for a multi-asset solution get access to proprietary trading platforms; yet, higher spreads and a lack of variable pricing may deter active forex traders.

By Steven Hatzakis / February 18th, 2019 / Updated: February 19th, 2019

help 84
Trust Score
Dislikes
  • Wide spreads on forex pairs
  • Charting in mobile app is limited

Review Sections:

The ForexBrokers.com Annual Review (3 years running) is among the most cited in the industry. Our Head of Research, Steven Hatzakis, is frequently referenced as a leading analyst covering forex brokers and cryptocurrency. Learn more.

Markets.com’s parent company, Playtech, has been listed on the London Stock Exchange (LSE) since 2012 under ticker symbol PTEC and is part of the FTSE 250 Index, with a market capitalization of over £2.4 billion as of February 2018. Playtech develops gambling, investing and financial trading technology that powers its brands’ products, including those of Markets.com. The broker serves forex and CFD traders through its proprietary and third-party trading platforms under the Markets.com brand.

Founded in 2007, GFC Markets rebranded to Markets.com before being acquired by Playtech PLC in 2015 for €458 million. Today, Markets.com operates as brand and trademark used by Safecap investments Ltd, and both are subsidiaries of Playtech.

Markets.com is regulated in Cyprus and passported throughout Europe under MiFID II, through its CYSEC-registered entity Safecap Investments Ltd. The brand also has an entity, Safecap Investments Limited, which is regulated in South Africa by the FSCA as a Financial Services Provider (FSP), and in Australia is trading as Markets.com through its ASIC-regulated entity, STA Global Investments Pty. Ltd., which also holds a license in New Zealand with the FMA.

Trust Score

Trading with a forex broker traders can trust is crucial to success. Unfortunately, forex fraud and scams are common in the industry.

Here at ForexBrokers.com, we maintain the largest independent regulatory database available on the web. Using 28 different variables, we have created a proprietary 1-100 score (the higher the better) of overall trustworthiness, which we call the Trust Score. Here is our trust summary of Markets.com.

Markets.com
Year Founded1999
Publicly-Traded Company (Listed) Yes
Regulated in Major Hub Yes
Regulated in Emerging Hub Yes
Authorised in the European Union Yes

Offering of Investments

The following table summarizes the different investment products available to Markets.com clients.

Markets.com
Currency Pairs (Total Forex pairs)55
CFDs - Total Offered2085
Cryptocurrency traded as actual No
Cryptocurrency traded as CFD Yes

Commissions & Fees

In terms of trading costs, spreads are fixed on forex pairs at Markets.com, compared to most multi-asset brokers that offer variable spreads. Also, spreads are generally tighter on the company’s proprietary Web Trader platform, compared to its third-party trading platforms offered, including MetaTrader4 and Sirix platforms, where the product range is not as extensive.

The firm advertises spreads as low as 2.0 pips on the EUR/USD, and 3.0 pips on its MT4 offering, which are – on a fixed-spread basis – comparable to other firms with fixed spreads, yet more expensive when compared to other firms with variable (floating) spreads.

Summary aside, we would like to see Markets.com publish how consistent spreads remain fixed to help make a level comparison with other brokers with fixed spreads.

Research

Since our review last year, research has been improved on Markets.com’s platform, thanks to the broker swapping third-party provider Delkos for Trading Central. With Trading Central, users get access to a wider array of content and features, including trading signals and indicators.

In addition to sentiment indicators, I enjoyed exploring the four modules under the Market Consensus tool, including the Insiders Stuff, Analyst Recommendations, Bloggers Opinion, and the Hedge Funds section. The Events & Trade section also contains useful event-related analysis.

Another highlight is that Markets.com provides detailed research reports available for many of its single-share CFDs.

Markets economic calendar

There are also headlines streaming from investing.com and other news aggregators, and a trending now feature gives you a snapshot of what is happening currently in the market, similar to a static market screener.

Overall, Markets.com has a good foundation for research. However, there is room for improvement as the broker trails other multi-asset brokers such as IG, City Index, and CMC Markets. Adding content from in-house analysts, a heatmap tool, or more advanced stock screener, would improve Markets.com’s research offering.

There are also headlines streaming from investing.com and other news aggregators, and a trending now feature gives you a snapshot of what is happening currently in the market, similar to a static market screener.

Markets com research
Markets com research

Overall, Markets.com has a good foundation for research. However, there is room for improvement as the broker trails other multi-asset brokers such as IG, City Index, and CMC Markets. Adding content from in-house analysts, a heatmap tool, or more advanced stock screener, would improve Markets.com’s research

Markets.com
Daily Market Commentary Yes
Forex News (Top-Tier Sources) Yes
Weekly Webinars Yes
AutoChartist No
Trading Central (Recognia) Yes
Delkos Research Yes
Acuity Trading No
Social Trading / Copy-Trading Yes
Social Sentiment - Currency Pairs Yes
Economic Calendar Yes

Platforms & Tools

Markets.com offers its Web Trader platform (also available in mobile form), where the widest range of its product offering can be found, including 55 forex pairs and over 2,000 CFDs, nicely packaged in a responsive user interface.

The firm also offers the popular MetaTrader4 (MT4) software by MetaQuotes Software Corporation. To learn more about MT4, see our guide to MetaTrader.

Moving to Markets.com’s own proprietary trading technology, the Web Trader platform stood out as having several innovative features and a modern design, thanks to the use of HTML 5, which gave it a responsive interface and made it easy to switch between various modules.

Moving to Markets.com’s own proprietary trading technology, the Web Trader platform stood out as having several innovative features and a modern design, thanks to the use of HTML 5, which gave it a responsive interface and made it easy to switch between various modules.

Since our review last year, the broker did a major overhaul of the user interface (UI) and user experience (UI), changing the layout to a white theme.

Markets com web platform
Markets com web platform

In terms of charting, there are over 90 indicators that can be added for technical analysis – which is more than the industry average.

markets btc futures bitcoin trading charts

There is also a premium indicator powered by Trading Central, available for forecasting market movements using automated technical analysis; all beneficial features investors who prefer technical analysis will appreciate.

Markets com web platform charting indicators
Markets com web platform charting indicators

The large number of indicators is a major plus for the Market.com Web Trader platform, while the limited number of drawing tools –with only four trend lines available – left a small gap in the charting experience.

The platform has undergone a boost in areas such as research and news, and the several resources for this category have a rich premium feel.  Throughout the platform Markets.com has placed great emphasis on a smooth user experience, with module linking enabled by default, for example, and pre-defined screeners.

Markets com web platform screener
Markets com web platform screener

This means that when you click on a symbol in your watchlist, any open chart will change to that instrument. Another interesting design feature is that charts are visible in nearly every view to help keep traders focused on both recent and current price action. A nice touch.

Compared to MT4, Web Trader would be my choice at Markets.com because of its lower comparable spreads and access to a larger number of instruments. It is also worth noting that the web version can be loaded on a mobile phone using a mobile browser, and almost all the features become responsive.

Markets.com
Virtual Trading (Demo) Yes
Proprietary Platform Yes
Desktop Platform (Windows) Yes
Web Platform No
Social Trading / Copy-Trading Yes
MetaTrader4 (MT4) Yes
MetaTrader5 (MT5) No
cTrader No
Charting - Indicators / Studies (Total)51
Charting - Drawing Tools (Total)31
Charting - Trade From Chart Yes
Watchlists - Total Fields7
Order Type - Trailing Stop Yes

Mobile Trading

Besides the MT4 native app available for mobile, Markets.com also offers its own proprietary mobile app as a counterpart to the Web Trader platform, and like MT4 mobile, the Markets.com app is available for Android and iOS devices.

The Markets.com mobile app combines many features found in the Web Trader platform, keeping a consistent look and feel across both platforms.

Markets mobile app screener
Markets mobile app screener

For example, in addition to subtle research tools such as the Traders Trends sentiment data and the Trending Now screener, there is a module linking the charts, and a star icon to quickly add favorites to your watchlist, mirroring the web-based version of the platform in a highly responsive app.

By default, the watch list doesn't sync with the favorites chosen on the Web Trader platform. Otherwise, the only drawback with the Markets.com mobile app is that the charting lacks both drawing tools and the ability to add any indicators, despite its auto-rotating charts and having several time frames and chart types to choose from. It also has an easy pinch-to-zoom interface.

Markets mobile app charts
Markets mobile app charts

Markets mobile app android charting

While the Markets.com mobile experience is respectable, the lack of drawing tools, indicators, and research tools leave a gap in the mobile offering, compared to other multi-asset brokers.

Markets.com
Android App Yes
Apple iOS App Yes
Trading - Forex Yes
Trading - CFDs Yes
Alerts - Basic Fields Yes
Watch List Yes
Watch List Syncing Yes
Charting - Indicators / Studies30
Charting - Draw Trend Lines Yes
Charting - Trend Lines Moveable No
Charting - Multiple Time Frames Yes
Charting - Drawings Autosave No
Forex Calendar No

Other Notes

In 2017, Markets.com launched cryptocurrency CFDs on bitcoin, helping to cater to investors and traders looking for greater exposure to digital assets. In 2018, it further expanded its range of crypto CFDs.

Markets com home page

Markets.com is a market-maker broker, which means it provides execution in a way that relies on its own ability and willingness to execute your order, compared to agency brokers that rely on third-party market-makers.

Markets.com web platform trade ticket
Markets.com web platform trade ticket

Therefore, Markets.com’s selling point leans more heavily on execution quality because spreads are higher and fixed, compared to a firm such as Pepperstone, for example, which offers only agency execution and relies on third parties for execution (adding a commission to prevailing spreads).

Final Thoughts

Markets.com can be a suitable choice for investors seeking access to a wide range of markets. In 2018, the broker obtained regulatory status in Australia, and continued to enhance its Web Trader platform by expanding its research tools and building on its recent redesign, which provides a good balance of simplicity and functionality.

Although more advanced traders with cost-sensitive trading strategies will face steeper spreads, traders with execution-sensitive strategies may benefit from Markets.com’s ability to execute as a market-maker, compared to brokers that offer both methods and cater to a wider audience.

However, a lack of liquidity rebates, or even an active trader pricing structure makes Markets.com ideal only for traders who are less cost-sensitive. Overall, compared to its peers such as Plus500, Markets.com’s edge is its UI/UX simplicity, coupled with a growing array of research tools, through its various regulated entities across three continents, including Europe, Africa, and Australia.

Methodology

For our 2019 Forex Broker Review we assessed, rated, and ranked 28 international forex brokers. Each FX broker was graded on 81 variables. How we test.

Forex Risk Disclaimer

"There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." Learn more.


Steven Hatzakis

Reviewed by Steven Hatzakis Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.

Markets.com Competitors

Select one or more of these brokers to compare against Markets.com.


Ratings Overall

Summary

Commissions & Fees
Offering of Investments
Platforms & Tools
Research
Customer Service
Mobile Trading
Education

Commissions & Fees

Commission Notes

Markets.com offers fixed spreads on all its account offerings. Spreads are generally slightly higher on MT4 than the Markets.com web trader and mobile platform.


Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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