Markets.com Review: Trade to Win With Real-Money Bonus
As a broker that offers seamless trading in more than 300 assets, Markets.com has become one of the world’s fastest growing Forex and CFD providers. The trading hub now has clients in more than 100 countries and operates in 25 languages. When you open an account, you can have some peace of mind in knowing that you’re trading with one of the world’s biggest and most established brokers. Markets.com is operated by Safecap Investments Ltd, a subsidiary of Playtech Plc and constituent of the London Stock Exchange’s FTSE 250 Index. Safecap was previously named Arbat Capital Ltd, which was founded in 2006. Markets.com is also a proud official sponsor of Arsenal football club and even offers its clients the chance to win VIP tickets to attend matches – Gooners need only apply! In this review, Realmoney.co.uk puts the full Markets.com product range under the spotlight.
.Sign Up For£25*Welcome Bonus
Trade Shares, Indices, Commodities, Forex
Advanced Charts and Technical Analysis Tools
Leveraged & Commission Free Trading
Free Unlimited Demo Account
The Markets.com bonus of £25 is available to new customers that open an account. Traders are eligible for the bonus regardless of if an initial deposit into their trading account has been made. After completing the application process the Markets.com bonus of £25 is automatically credited to your account. Clients can withdraw the Markets.com bonus from their account after satisfying the minimum trading volume that stands at £10,000 for every £1 bonus. As is the case with any bonus offer, you should read the terms and conditions as the bonus award is available only to customers who meet the broker’s appropriateness requirements. This is a scam-free bonus that is worth seriously considering.
Trade Forex, CFDs on Multiple Platforms
Markets.com offers a universe of trading opportunities. Traders using the platform have access to Forex, shares, commodities and indexes. This is one of the many online brokers for trading markets. These products can be traded on the broker’s MetaTrader 4 platform and the Sirix WebTrader, which is available as a browser based platform on both Mac and PC. Primarily, the portal can be used for trading major currency pairs and Contracts for Difference (CFD’s). The breadth of the products available to trade allows traders to pursue cross-asset class trading strategies that combine different asset classes in order to exploit fluctuations across different markets. For example, a USD/EUR trade could be combined with an Exchange Traded Fund on Germany’s Dax Index, the biggest stock market index in the Eurozone.
BREAKDOWN BY NUMBERS:
- Trading in more than 300 assets
- Leverage of up to 200:1 for Forex
- Leverage of up to 100:1 for indices
- Clients in more than 100 countries
- Educational resources
- 24/5 customer support
While the broker is targeting a wide pool of investors, this review found that the leveraged nature of the products available to trade makes the portal suitable only for traders that use a professional approach in their investment decision-making process. Leverage on major currency pairs such as EUR/USD and GBP/USD is 200:1. The nature of trading with leveraged means that if markets turn against your positions you risk huge losses that can exceed your initial stake.
Experiment First in Demo Mode
Markets.com lets new users set up a demo account in seconds. Unlike other brokers that require a minimum deposit or credit card details, the broker lets traders practice strategies on a demo account with no strings attached. The demo account is identical to the platform’s real money account, enabling users to practice their Forex or CFD strategies without fear of any losses. As the demo account displays the real spread that you will have to pay when trading you also gain a valuable insight into the costs of making a trade. If you feel ready to put real cash on the line you can also switch instantly from a demo account to a real trading account.
Scan Streaming Quotes on Your iPhone
The proliferation of handheld devices and the increasing minute-to-minute nature of trading has meant investors are increasingly expecting a cutting-edge mobile trading app when opening an account with a broker. Markets.com does not disappoint. The app offers real-time trading while making available to users the full suite of trading tools and services that the broker offers. These include stop loss, take profit, entry limit and entry stop orders to manage risk. Traders can quickly find any instrument that they want to trade by scrolling through the navigation tree or using the app’s search function. You can put together a list of your favourite instruments on the home screen and manage and track their performance. Users can obtain alerts if any of their favourite instruments have a big price swing. Users also obtain access to the Markets.com demo account. The trading app is available to Android users with operating systems 4.0 and above and iPhone users with iOS 7.1 or above.
Markets.com Trading App:
Zero commission trading
Intuitive and advanced mobile trading platform
ZuluTrade Dashboard: enabling multiple account
Service available in 25 languages
Responsible trading – use advanced risk management tools
As a major online broker, Markets.com leverages its size and the scope of its product offering to add value to its suite of products with high performance trading tools. For example, the platform’s Autochartist service – available exclusively to VIP traders – provides chart analysis that spots potential trading opportunities by allowing search engines to monitor thousands of financial instruments 24 hours a day. The analytical tool identifies charting indicators such as Fibonacci patterns and Key Levels. Meanwhile, Trading Signals uses technical analysis to spot indicators of possible trading opportunities for Forex and CFD traders. The service, which is delivered by Trading Central, provides users with signals that indicate market trends with simple up and down arrows.
In addition, traders obtain news and analysis on the Forex market, along with coverage of key events relating to indices, commodities and stocks. Clients can also obtain access to an economic calendar to keep abreast of the release of important data such as the US non-farm payroll number that can have a significant impact on global markets. The broker also offers its clients live webinars and seminars that are hosted by its team of trading experts.
Live Chat 24/5
Markets.com falls under the regulation of the Cyprus Securities Exchange Commission (CYSEC), which ensures that the broker is compliant with the Markets in Financial Instruments Directive (MiFID). The broker is also licensed by the South African Financial Services Board (FSB). If you have an inquiry regarding your account, the broker offers a LiveChat service. When we sampled this online chat service for the writing of this review our questions were quickly answered. The chat service is available 24 hours a day, five days a week. Alternatively, clients can call the trading desk or fill out an online complaints form.
- Telephone: +44 203 150 0380
- Live Chat:Yes
- Contact form:Message Service
Payment MethodsVisa, MasterCard, Maestro, Diners’ Club, Skrill , Fast Bank Transfer, Wire Transfer
Trading with the Big Boys
Choosing the right broker amid the morass of deals out there can be an intimidating process, especially for the inexperienced trader. Shady or scam outfits operate on the fringes of the industry while it is hard to differentiate between many of the legitimate brokers vying for your business. When you open an account with Markets.com you can claim the Markets.com bonus. You also have the assurance of knowing that you’re joining one of the biggest players on the market. A cutting edge demo account and mobile app along with a host of trading and analytical tools makes the Markets.com a complete and enticing broker. The live online chat and comprehensive support and regulatory supervision also makes the broker a secure and safe place to invest. Still, when you trade Forex and CFDs you enter the world of high-risk investing. A professional trading strategy is essential when using leveraged products as you risk huge losses that can exceed your initial stake. If you are serious about trading and want a broker that offers a wide range of products and services, this review found that Markets.com is a broker that is worth checking out.