ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure

Markets.com Review

Steven Hatzakis

Steven Hatzakis | November 20th, 2019

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.

Thanks to its web-based MarketsX 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.

Top takeaways for 2019

After spending several hundred hours testing 28 forex brokers over six months for our third annual forex broker review, here are our top findings on Markets.com:

  • Founded in 1999, Markets.com is a subsidiary of a UK publicly-listed company (LSE: PTEC). It is regulated in two tier-1 jurisdictions, making it a safe (low-risk) broker for trading forex and CFDs.
  • Markets.com's MarketsX platform is well-designed and easy to use and includes a respectable offering of features, including integrated research, market analysis, webinars, and educational videos.
  • Spreads on forex pairs are wide (expensive) compared to industry leaders such as CMC Markets and IG.
  • The Markets.com mobile app left us unimpressed, especially when compared to mobile leaders Dukascopy and Saxo Bank.
  • While Markets.com offers the complete MetaTrader suite, spreads are high, and, overall, Markets.com does not match the best MetaTrader brokers.

Overall Summary

FeatureMarkets.com
Overall 3.5 Stars
Trust Score97
Offering of Investments 3.5 Stars
Commissions & Fees 3 Stars
Platform & Tools 3 Stars
Research 3.5 Stars
Mobile Trading 3.5 Stars
Customer Service 3 Stars
Education 2 Stars

Is Markets.com Safe?

help 97
Trust Score

Markets.com is considered low-risk, with an overall Trust Score of 97 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 one 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.

FeatureMarkets.com
Year Founded1999
Publicly Traded (Listed) Yes
Bank No
Tier-1 Licenses2
Tier-2 Licenses2
Tier-3 Licenses1
Trust Score97

Offering of Investments

Rank: 10th (of 28)

Overall, compared to the Markets.com Metatrader offering, the MarketsX platform offering would be my choice because of its lower comparable spreads and access to a more significant number of tradeable instruments (57 forex pairs and 2,179 CFDs).

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

FeatureMarkets.com
Forex: Spot Trading Yes
Currency Pairs (Total Forex pairs)57
CFDs - Total Offered2179
Social Trading / Copy-Trading Yes
Cryptocurrency traded as actual No
Cryptocurrency traded as CFD Yes

Commissions & Fees

Assessing Markets.com for trading costs is tricky. All in all, our bottom line assessment is that Markets.com is expensive and far from being competitive with industry leaders CMC Markets and IG.

MarketsX: Markets.com offers a premium account called MarketsX for traders who deposit at least $250, where spreads are comparably lower than its primary account offering and with added platform benefits.

Variable spreads: In terms of trading costs, spreads at Markets.com changed from being fixed to variable on its forex pairs, bringing the broker in line with most multi-asset brokers that offer variable spreads. That said, the minimum listed spreads are still comparably higher, and I was unable to make an adequate comparison given the lack of average spread data published by the broker.

MetaTrader accounts: It's also worth noting that spreads are generally tighter on the company’s proprietary Web Trader platform, compared to its third-party trading platforms offered, including MT4 and MT5, where the product range is not as extensive.

Average spreads: The firm advertises spreads as low as 1.9 pips on the EUR/USD, and 3.0 pips on its MT4 offering, which are more expensive when compared to other firms with variable (floating) spreads. Summary aside, we would like to see Markets.com share average spread data for its new variable spread offering, to help make a level comparison with other brokers with variable spreads.

Gallery

FeatureMarkets.com
Minimum Initial Deposit$100
Average Spread EUR/USD - Standard1.9 (as of Oct 19)
All-in Cost EUR/USD - Active1.9 (as of May 19)
Active Trader or VIP Discounts Yes

Platforms & Tools

Markets.com offers its flagship trading platform, MarketsX, as well as the full MetaTrader suite.

MarketsX charting: In terms of charting in MarketsX, there are nearly 90 indicators available for technical analysis – which is more than the industry average. That said, only four drawing tools are available.

MarketsX usability: Web Trader is very easy to use. Throughout the platform, Markets.com has emphasized providing traders a smooth user experience. For example, alongside pre-defined screeners, module linking is enabled by default.

MetaTrader: Markets.com also offers MetaTrader4 (MT4) and MetaTrader5 (MT5) for algorithmic traders, although pricing is higher compared to its flagship platform.

Gallery

Research

Overall, Markets.com has a good foundation for research. However, there remains room for further improvement as the broker trails industry leaders IG and Saxo Bank. For example, adding content from in-house analysts, a heatmap tool, or forex news videos would improve Markets.com’s research offering.

Third-party research: Research from third-parties includes TipRanks and pattern recognition from Delkos.

Integrated tools: I enjoyed exploring the modules under the Sentiment tab, including the Insider Trades, Analyst Recommendations, Bloggers Opinion, and the Hedge Fund Confidence section. The Fundamental section was also rich with tools, including the Events & Trade section, which contains useful event-related analysis, alongside financial news and market commentary.

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

Education: Markets.com also does an excellent job integrating live webinars into its trading platform as part of its XRay offering and educational video content from Recognia.

Gallery

Mobile Trading

Besides the MT4 native app available for mobile, Markets.com also offers its proprietary mobile app as a counterpart to the MarketsX web-based platform. Like MT4 mobile, the Markets.com app is available for Android and iOS devices.

Pros: The Markets.com mobile app combines many features found in the flagship platform, keeping a consistent look and feel across both platforms, with nearly all features available. For example, I was pleased to see most of the research resources from the web version integrated into the mobile app under the trading tools tab.

Cons: While the Markets.com mobile experience is respectable, the charting tool lacks drawing tools and indicators, which leaves a notable gap in the mobile offering. Also, watch lists don't sync across platforms.

Gallery

Final Thoughts

Thanks to its MarketsX platform, Markets.com provides a decent balance of simplicity and functionality. That said, Markets.com research tools are respectable but still trail industry leaders. And while spreads have improved, Markets.com remains expensive, especially on its MetaTrader offering.

About Markets.com

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. As of June 2019, the company boasts a market capitalization of over £1.2 billion and holds £304m in cash on its balance sheet.

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 Trading Features

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) Yes
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

Markets.com Research Features

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

Markets.com Mobile App Features

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

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 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.

arrow_drop_upBack to top