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Markets.com Review

Steven Hatzakis

Steven Hatzakis | September 2nd, 2019

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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 £1.2 billion as of March 2019.

Playtech develops gambling, casino, 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.

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.

Review Summary

Rank: 19th (of 28)

Thanks to its Web Trader platform, Markets.com is easy to use; however, the broker is pricey and lacks the feature-rich trading and research tools required to compete with industry leaders.

Benefits

  • Parent company is publicly listed in the UK.
  • Web Trader platform is well-designed and easy to use.
  • Over 2,000 tradable instruments.

Considerations

  • Wide spreads on forex pairs.
  • Charting in mobile app is limited.
  • Parent company Playtech is better known for its gambling and casino products than its forex and CFDs trading.

Is Markets.com Safe?

help 90
Trust Score

Markets.com is considered low-risk, with an overall Trust Score of 90 out of 99. Markets.com is publicly traded, does not operate a bank, and is authorised by two tier-1 regulators (high trust), two tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Markets.com is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA). Learn more about Trust Score.

Regulations Comparison

FeatureMarkets.com
Year Founded1999
Publicly Traded (Listed) Yes
Bank No
Tier-1 Licenses2
Tier-2 Licenses2
Tier-3 Licenses0
Trust Score90

Commissions & Fees

Rank: 27th (of 28)

Assessing Markets.com for trading costs is tricky. Our best guess is that the broker is expensive and far from being competitive with industry leaders.

Benefits

  • None.

Considerations

  • 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.

Further Reading

Fees Comparison

FeatureMarkets.com
Minimum Initial Deposit$100
Average Spread EUR/USD - Standard1.90
All-in Cost EUR/USD - Active1.90
Active Trader or VIP Discounts No

Platforms & Tools

Rank: 22nd (of 28)

Compared to MT4, the Markets.com Web Trader platform would be my choice because of its lower comparable spreads and access to a larger number of instruments.

Benefits

  • 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.
  • In terms of charting in Web Trader, there are over 90 indicators that can be added for technical analysis – which is more than the industry average. Charts also include an automated technical analysis indicator powered by Trading Central. That said, only four drawing tools are available.
  • Web Trader is very easy to use. 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. This means that when you click on a symbol in your watchlist, any open chart will automatically change to that instrument.
  • Markets.com also offers MetaTrader4 (MT4).

Considerations

  • None.

Gallery

Further Reading

Tools Comparison

FeatureMarkets.com
Virtual Trading (Demo) Yes
Proprietary Platform Yes
Desktop Platform (Windows) Yes
Web Platform Yes
Social Trading / Copy-Trading Yes
MetaTrader 4 (MT4) Yes
MetaTrader 5 (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

Research

Rank: 14th (of 28)

Overall, Markets.com has a good foundation for research. However, there is room for improvement as the broker trails industry leaders.

Benefits

  • 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.

Considerations

  • Adding content from in-house analysts, a heatmap tool, or more advanced stock screener, would improve Markets.com’s research offering.

Gallery

Further Reading

Research Comparison

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

Mobile Trading

Rank: 18th (of 28)

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.

Benefits

  • 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.

Considerations

  • 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.

Gallery

Further Reading

Mobile Apps Comparison

FeatureMarkets.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

Offering of Investments

Rank: 10th (of 28)

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

Offering Comparison

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

Final Thoughts

Rank: 19th (of 28)

Markets.com is backed by a trusted publicly traded company and offers a diverse selection of CFDs and forex pairs to trade. Thanks to its Web Trader platform, the broker provides a good balance of simplicity and functionality.

That said, Markets.com lacks depth with its trading and research tools. It also is expensive, as a lack of liquidity rebates, or even an active trader pricing structure makes Markets.com ideal only for traders who are less cost-sensitive.

2019 Review Methodology

For our 2019 Forex Broker Review we assessed, rated, and ranked 28 international forex brokers over a six month time period. Each broker was graded on 81 different variables and, in total, over 60,000 words of research were produced.

While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors quality data they can trust. Learn more about 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

About the author: 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.

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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