Brief informationMarkets.com
Markets.com is a broker that specializes in trading in CFDs on the following assets: currency pairs, stocks, indices, commodities and virtual currencies. In addition, clients are offered to use the investment service.
Markets.com summary
Date of foundation. According to the information provided, the company was founded in 2008.
Location. The broker is operated by Safecap Investments Limited ("Safecap"), which is a subsidiary of Playtech PLC. The company is located at the following address: 148 Strovolos Avenue, 2048, Strovolos, P.O.Box 28132, Nicosia, Cyprus.
Contacts. To contact the support service, potential traders are offered a contact phone number: +35722222121. The service is available 24/5. In addition, customers can use online chat. There is also a form for online requests on the site. Traders can enter their data at any time and leave a question.
Regulation. Markets.com is operated by Safecap Investments Limited ("Safecap"), a regulated investment company. This company has received official approval from the Cyprus Securities and Exchange Commission («CySEC"). Safecap is also authorized by the Financial Sector Supervision Authority (FSCA) in South Africa as a financial services provider. The broker owns regulated legal entities in several jurisdictions, notably Cyprus, United Kingdom, Australia, South Africa and the British Virgin Islands. Each of the listed organizations is regulated by the relevant body in their jurisdiction: CySEC, FSC, FCA, ASIC, FSCA.
Terminal. Clients can use the following terminals to execute trade transactions: MetaTrader4, MetaTrader5. Apart from this, traders also get access to mobile trading. To do this, a client needs to download the appropriate application to the phone.
Registration and creating a personal account with Markets.com
To start working with the broker, a potential client goes through the registration process on the site. To do this, a trader goes to the “Create Account” tab. In the registration form, you must specify the following data: email address, password.
Markets.com trading terms and accounts
The broker's potential clients are offered to use more than 800 assets for trading:
- currency pairs (67);
- indices (43);
- commodities (26);
- bonds (4);
- cryptocurrency pairs (6);
- exchange-traded funds (59);
- company shares (2011).
Clients are offered to open the following types of trading accounts:
- “Mini”. According to the terms of this account, clients make a minimum deposit of $ 100.
- “Standard”. This account requires making a minimum deposit of $ 2,500.
- “VIP”. Under the terms of this account, customers make a minimum deposit of $ 20,000.
Holders of all of the above accounts receive the following options:
- round-the-clock technical service support;
- help of a personal manager;
- daily market analytics.
VIP account holders can also use the opportunity to contact premium support and the service of sending trading signals via SMS.
The company offers its clients floating spreads. Novice traders are encouraged to use the "Training" section. According to the information provided, traders can be guided by training through online classes.
Moreover, clients can open a free demo account in addition to a real trading account. This option allows you to better learn the basics of trading in the financial market. Clients will be able to start improving a strategy that will allow them to feel confident in the actual trading process.
Account replenishment and withdrawal of funds with Markets.com
According to the information provided, the minimum amount for replenishing a deposit is 250 USD (or equivalent) in the following currencies: EUR / GBP / DKK / NOK / SEK / PLN / CZK / AED. The company accepts the following methods of deposit replenishment:
- credit cards;
- bank transfer;
- PayPal;
- Skrill;
- Neteller.
Additional options for transferring funds to the account balance include the following: Sofort, iDeal.
The company does not charge any withdrawal fees. However, the founders emphasize that some banks may charge transaction fees in accordance with terms and conditions.
The minimum withdrawal amount when using the following payment methods is:
- credit (debit) cards: minimum 10 USD/EUR/GBP;
- bank transfer: minimum 100 USD/EUR/GBP and 20 EUR;
- Skrill/Neteller: minimum 5 USD/EUR/GBP;
- PayPal: minimum 10 USD/EUR/GBP.
After the completion of the withdrawal process, the funds must be credited to the payment method chosen by the client within the time limits corresponding to this method, as indicated below:
- credit card - from 2 to 7 working days;
- bank transfer - from 2 to 5 working days;
- electronic wallets - up to 24 hours.
Pay attention: Due to anti-money laundering regulations, Markets.com is only allowed to transfer funds to the account with your name. Markets.com may require additional information or documentation before crediting funds to your account.
Feedbacks about Markets.com
The company representatives note that customer funds are kept in separate accounts. However, potential traders should be aware of the high risks in the process of trading in the financial markets using CFDs. So, before starting work, you should consult with a financial expert. A competent specialist will draw attention to important nuances and help minimize risks.
You may have worked with Markets.com. Please, leave your feedback about working with the broker and rate the level of service from 1 to 5. This will help users who are looking for a reliable company to trade in the financial markets and invest funds.
