Markets.com Review 2023 - Is It Safe?
Markets.com is a CFD and forex broker that has been providing traders with a comprehensive trading experience since its establishment in 2010. The platform has been recognized for its user-friendly interface and innovative features, making it a go-to for beginner and seasoned traders alike. In this review, we will delve deeper into the platform’s features, including its assets, trading fees, account types, and customer support.
Assets
Markets.com provides traders with an extensive range of financial instruments to trade, including forex, CFDs, stocks, indices, commodities, and cryptocurrencies. The broker offers over 2,000 instruments, making it one of the most diverse platforms in the industry. Moreover, Markets.com provides users with access to global markets, allowing them to trade 24/7.
Forex
Markets.com is known for its vast selection of forex pairs, which include major, minor, and exotic currencies. The platform provides traders with access to over 60 currency pairs, and users can take advantage of tight spreads that start from 0.6 pips.
CFDs
Markets.com also offers a wide range of CFDs, which include stocks, indices, and commodities. The platform provides traders with access to over 2,000 CFDs, allowing them to diversify their portfolios and trade multiple markets.
Stocks
Markets.com provides traders with access to over 2,000 stocks from some of the largest global companies, including Amazon, Apple, Google, and Facebook. The platform also offers a wide range of international stocks, making it easy for users to access global markets.
Indices
The broker provides traders with access to a wide range of indices, including the S&P 500, Nasdaq 100, FTSE 100, and DAX 30. Additionally, users can take advantage of tight spreads and competitive leverage when trading indices.
Commodities
Markets.com provides traders with access to a wide range of commodities, including gold, silver, oil, and natural gas. The platform offers competitive spreads, allowing users to trade commodities with minimal costs.
Trading Fees
Markets.com offers competitive trading fees, with commissions that start from 0.03%. Moreover, the platform does not charge any deposit or withdrawal fees, making it a cost-effective option for traders. However, users should note that there may be additional charges for overnight positions, as well as fees for inactivity.
Account Types
Markets.com offers users four account types, each with its own unique features and benefits. These account types are designed to cater to the needs of traders of all levels, from beginner to advanced.
Demo Account
The demo account is designed for beginner traders who want to test the platform’s features and practice trading without risking real money. The demo account provides users with access to all of the platform’s features and instruments, allowing them to gain valuable experience before moving on to a live account.
Classic Account
The classic account is the most basic account type and is designed for beginner traders. The account requires a minimum deposit of $250 and offers access to a wide range of instruments, including forex, stocks, indices, and commodities. Moreover, users can take advantage of tight spreads, leverage of up to 1:30, and 24/5 customer support.
Standard Account
The standard account is designed for intermediate traders who want to take their trading to the next level. The account requires a minimum deposit of $2,500 and offers users access to a wider range of instruments, as well as tighter spreads and higher leverage. Moreover, users can take advantage of premium customer support, 24/5 account management, and access to exclusive trading tools.
It was great to use this service. Well organized service, well done and very helpful
