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Markets.com Review

Website: www.markets.com
Regulation: CySEC, FSB
Special Offer: N/A
Minimum Deposit: $100
Available Cryptocurrencies: Bitcoin
Spreads From: $5
Max Leverage: 5:1
Deposit Options

Market.com is a brand and trademark used by Safecap Investments Ltd, which is owned by Playtech. As a listed company on the FTSE 250 index, Playtech is a power player in the industry.

With a myriad of financial instruments (stocks, commodities, indices, currencies and cryptocurrency), traders can dabble in CFD trading off their PCs, or mobile devices. Whether you are a newcomer to Bitcoin trading or a professional trader, you will certainly enjoy your experience here.

Company Information

Markets.com is owned and operated by Safecap Investments Limited. It is a respected CFD and Forex provider, with a wide range of proprietary trading platforms for mobile, PC and tablet devices. Traders can enjoy a wide range of options on indices, commodities, currencies, shares, and Bitcoin. The company is fully licensed to offer real-money trading by CySEC (Cyprus Securities and Exchange Commission) with license #092/08. Markets.com is also fully authorised by the Financial Services Board of South Africa. Both Safecap Investments Limited and Markets.com are owned by Playtech PLC – an LSE-listed company.

How does Markets.com work?

To get started, clients are required to create a new account. This involves entering email and password information. Clients must be from a regulated jurisdiction, and the following territories are excluded: USA, Japan, Belgium and Canada. Traders must make a minimum deposit of $100 on the initial deposit. To trade Bitcoin (BTC), clients are required to click on either buy or sell. Bitcoin is traded as a speculative financial instrument in a CFD format. Clients will be able to view the spread on buy or sell decisions, the premium buy, premium sell options, the initial margin, maintenance margin, leverage and expiry times. Full charting capabilities are available to cryptocurrency traders at Markets.com.

Who should use Markets.com and why?

Markets.com is ideal for anyone wanting to buy or sell cryptocurrency online. The platforms are fully compatible with all browsers, smartphones, and tablets. It is easy to use the proprietary trading platforms for commodities, indices, Forex, shares, ETFs and CFDs. A full news and analysis section, and an educational centre is available to clients.

Exchange Rate & Fees

The broker makes its money through daily swap charges and the spread (difference between the bid and ask prices). Markets.com does not charge any withdrawal fees either.

Deposit Options for the different locations

The following deposit options are available to traders Markets.com: Skrill, Neteller, PayPal, credit card and wire transfer. There are additional deposit methods that clients can use, including Fast Bank Transfers (Envoy/WorldPay), Ideal, Sofort, Giropay, Mistercash, Instant Bank, Multibanco, Przelewy24, eKonto, and BankLink (SwedBank).

How easy is it to use Markets.com?

Traders can easily get started at Markets.com. There are 50 currency pairs available, with a dealing desk. The proprietary trading platform is web-based and ideally suited to mobile traders. The lot size varies, and the smallest lot size for FX is 5000. For cryptocurrency traders, it’s as easy as navigating to the financial instruments page and clicking on BTC. You can start trading Bitcoin in a demo mode for free, or for real money. Simply click on the green buy option or the red sell option.

Is Markets.com safe and reliable?

Markets.com is guaranteed safe and secure. This online trading broker meets with the highest industry standards with SSL encryption technology and multiple safeguards. Further, it is fully regulated to offer real-money trading by CySEC, with license #092/08. In South Africa, it is authorised to operate under the Financial Services Board (FSB) with license #43906. Markets.com supports fully segregated accounts and only operates in regulated jurisdictions.

Trading Platform/Software

Markets.com runs a proprietary platform for mobile and browser-based trading. No additional software needs to be installed since the platform is complete the online. The trading platform and software offers zero commission, tight spreads, and leverage of up to 1:300. Leverage is available on 4 unique asset classes, including indices, commodities, stocks, and currencies. Plus, a wide range of technical analysis tools such as: MACD (moving average convergence divergence, SMA (simple moving average), RSI (relative strength index) and 50 others are available with quick-click functionality. Customer support is fully comprehensive on this trading platform, and clients will have access to professional support representatives 24/5.

How long does it take to purchase a bitcoin with Markets.com?

Traders can purchase a BTC at the click of a button at Markets.com. Simply decide whether you wish to place a call option or a put option in CFD format – buy or sell – and click it. The trades are available immediately. Since these are derivative trading instruments, no actual ownership of the underlying asset takes place – it is speculative activity on the asset itself.

Markets.com Customer Support

Customer support can be reached via online contact form, 24/5. Traders can simply enter their personal details, and the type of query to get started. The support centre contains a comprehensive FAQ section where clients can find all manner of information on banking, trading, financial instruments, and the like. The support representatives are helpful and friendly at all times. There are dozens of local telephone numbers available to clients.

Special Features

Bitcoin traders can enjoy a demo trading platform as well as a real money account. 

Clients Feedback

TrustPilot ratings of Markets.com indicate a 4/5 rating from 339 reviews. 90.9% of traders rate it with 5 stars.

Bottom Line

Markets.com is owned and operated by Safecap Investments Limited, which is in turn owned by Playtech. As a listed company on the FTSE 250 index, Playtech is a power player in the industry. With a myriad of financial instruments (stocks, commodities, indices, currencies and cryptocurrency), traders can dabble in CFD trading off their PCs, or mobile devices. Whether you are a newcomer to Bitcoin trading or a professional trader, you will certainly enjoy your experience here.

Final Thoughts
Pros
  • Regulated by CySEC & FSB
  • Over 9 years of experience (established 2006)
  • Client funds are held in segregated bank accounts
  • No commission trading with tight spreads
  • Multiple languages and Islamic accounts
  • Practice Account available to traders
  • Multiple platforms to choose from including MetaTrader 4
Cons
  • PayPal is not supported by Markets.com
  • They charge inactivity fee
  • They don’t offer price alerts
  • They don’t offer DMA/ECN/STP Accounts