Markets.com Review: Don’t Sign Up Without These FREE Forex Trading Bonuses
Top Takeaways for Markets.com
In this article, I’m going to be doing a comprehensive markets.com review. After working closely with markets.com and testing their platform, here are our top findings on them.
- Markets.com was initially founded in 1999 and is a subsidiary of a publicly-listed company in UK. Since they are regulated in two tier-1 jurisdictions, markets.com is a safe and trustworthy broker for trading Forex and CFDs.
- Markets.com has a web based platform called Marketsx. The platform is well designed, functional and very easy to use. They also throw in additional features such as market analysis, webinars, sentimental indicator and even trading educational videos.
- The brokerage offer a wide range of tradeable instruments; 57 forex pairs and 2179 CFDs
Bonuses When You Open An Account In This Markets.com Review
In case you have already made up your mind that you wish to open an account with markets, I like to begin by showing the bonuses (total value worth $3,494) that you will get when you open an account using our link here.
Here’s a quick breakdown of what you will be getting:
- Lifetime Access to Our Forex Signals ($997)
- Lifetime Access to Our Complete Forex Course ($497)
- 20% Bonus on Deposit (Up to $2,000)
To see the complete breakdown of what you will be getting and also the requirements, you can check out our website here.
Prefer to Watch Markets.com Review Instead?
Is Markets.com Safe & Trust Worthy?
We will consider Markets.com as low-risk and trust worthy. It is a publically traded company and is authorised by multiple regulators.
- 2 Tier 1 Regulators (High Trust Regulators)
- 2 Tier 2 Regulators (Medium Trust Regulators)
- 1 Tier 3 Regulator (Low Trust Regulators.
For the purpose of this markets.com review, we will be covering tier 1 regulators only since it is high trust regulators. In this case, Markets.com is authorized by 2 tier 1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA)
What Products Does Markets.com Offer?
Earlier on, I mention that markets.com offers 57 forex pairs and 2,179 CFDs. The following table below will summarize the different product offerings that the brokerage offers.
|Product/ Features||Offered By Markets.com?|
|Forex Pairs||Yes, 57 Pairs|
|CFDs||Yes, 2179 CFDs|
|Copy Trading Allowed?||Yes|
|Cryptocurrency Trading Via CFDs||Yes|
Markets.com Review on Commission & Fees
When you open an account with markets.com, you have the option to choose a premium account called MarketsX where spreads are comparably lower than its normal account. The minimum deposit for the account is $250.
Trading Cost: Spreads at markets.com varies from fixed to variable and is typical of multi asset brokers that cover a wide range of instruments. We found the spread to be really competitive especially if you opt for the premium account.
Metatrader Account Vs MarketsX Web Trader Platform: Our team did a comparison between the two and found that spreads are generally higher on the marketsX web trader platform compared to the metatrader 4 platform. However, the difference between the two is really minimal and arguably negligible.
The picture below shows you the spread of some of the major currency pairs.
Markets.com Platform & Tools
Earlier on, we highlighted that the brokerage has its own web based trading platform, MarketsX, as well as the typical Metatrader platform (both Metatrader 4 and 5. In this section, I will be exploring marketsX charting tools and also give some comments about the usability of the platform.
Charting on MarketsX: There are tons of charting options on the platform, ranging from indicators to drawing tools to complement your technical analysis. Whether it is trendlines, equidistance channels, or moving averages, you can pretty much find everything you need in their charting platform.
Usability of Platform: The web-based trader is clean and rather straight forward to use. A new beginner trader can definitely figure it out in a matter of minutes. Compared to some of the other brokers out there that I have tried, marketsX rank high in usability.
Trading on the Go? Does Markets.com Offer Mobile Trading?
Yes! Besides the usual Metatrader 4/5 app that is available for mobile, markets.com also offer its own mobile app to compliment its marketsX web-based trading platform. Similar to Metatrader 4/5, the markets.com app is available for both Android and iOS devices.
Concluding Remarks on Markets.com
Markets.com offers a trading platform that has decent balance between simplicity and functionality. The brokerage is regulated by respectable regulators and therefore you can be sure that your money is safe. Additionally, the spreads offered by markets.com is very competitive and it is highly encourage that you opt for the premium account by meeting the minimum funding requirement of $250.
If you do decide that markets.com is the brokerage for you, make sure to register using this link in order to qualify for the bonuses that we have listed above. It cost you no additional money to open an account using our link so go ahead and get your bonuses by clicking here.