Markets.com is one of the most outstanding regulated CFDs and Forex brokers in the world. It is owned and managed by SafeCap Investments LTD, which was previously known as Arbart Capital LTD. Its headquarters are located in Nicosia, Cyprus. This broker has been offering a safe, licenced and regulated Forex trading environment since 2008.
After Arbart Capital LTD was founded in 2006, it got its Forex regulatory approval in 2008, an year before changing its name to SafeCap Investments LTD. The first regulating body to regulate Markets.com was Cyprus Securities and Exchanges Commission (CySEC) which is responsible for regulating assets trading companies in Cyprus.
Markets.com has obtained several other regulatory approvals, enabling it to operate in various other countries other than Cyprus. Some of the bodies that have approved the regulatory of Markets.com are: the European Union Financial Services Law (Markets in Financial Instruments Directive) for the countries in the European union, Financial Conduct Authority (FCA) of United Kingdom and Financial Service Board (FSB) of South Africa. It is also regulated by the Banque de France of France among many other regulatory bodies in the various countries where it is permitted to conduct its business.
Markets.com Account Types
In addition to the free demo trading account, Markets.com offers its clients/traders with three exclusive types of live trading accounts. These three different types of account offer traders with different features and services. The trader has the liberty to choose whether the base currency of his or her account will be in US dollars, Euro Pounds or Great Britain Pounds. The maximum leverage for the commodities and indices is 200:1 while for the stocks is 50:1. Below is a comprehensive insight into each of the three accounts.
- Markets.com Classic Trading Account
This is the most basic trading account that a trader can open with Markets.com. It is best suited for the newbies.The minimum deposit requirement for this type of account is $100. Services offered to traders who open this account include: provision of a daily market analysis and provision of Webinars and video tutorials. Traders can use this account type to trade on their desktops as well as on their smartphones.
- Markets.com Standard Trading Account
This is for the intermediate Forex and CFDs traders who wish to trade with Markets.com. The minimum deposit requirements for this account is $2500; it will therefore require someone that knows what he or she is doing since that isn’t a small investment to play with. In addition to all the services offered in the Markets.com Classic Trading Account, traders with this type of an account are assigned with a dedicated account manager, provision of premium daily analysis as well as a free access to the “News to Mobile.
- Markets.com Premium Trading Account
This account is recommended for the Forex trading gurus who have a very deep understanding of the Forex and CFDs markets. It is a kind of a VIP account where traders receive all the services that Markets.com offers. It requires a minimum deposit of $20,000.
In addition to all the services and features of all the other account types, traders who open this type of account are entitled to a premium customer support, free FX trading signals through SMs.
Markets.com Trading Platforms
Markets.com has five different types of trading platforms to cater for the different needs of the different types of traders across the globe. These trading platforms are:
- MetaTrader4 (MT4)
This is the most common trading platforms to Forex and CFDs traders. It is very robust as well as versatile.
- MetaTrader Mult-Terminal
This is a unique Markets.com trading platform that is designed for traders with multiple accounts. It is a platform that is designed for multiple trading accounts management purposes.
- Markets Web Trader
This is designed for those traders who like trading on the website. This trading platform doesn’t need to be downloaded and the trader can trade on it 24 hours. It is a very important tool for the traders on the move; those who don’t have time to sit infront of a computer for long.
- Markets Mobile trader
This is a downloadable app that allows traders with smartphones to access their trading accounts directly and even manage them via the phone.
- Sirix Web Trader
Sirix is a new cutting edge Forex and CFDs trading platform which doesn’t require the trader to download. The trader trades on the website. It allows both desktop web trading as well as mobile web trading. It is the best trading platform for traders on the move.
Banking Options At Markets.com
Traders who choose to trade with Markets.com brokers enjoys a variety of ways by which they can do their money transactions. Markets.com accepts several payment methods which include: credit cards, debit cards, Visa, wire transfer, local payment methods an WebMoney.
The process of depositing funds is quick and it doesn’t have any commission fees. Any withdrawal that is done has to be done through the same payment method that the trader used to deposit money into his trading account.
Markets.com Customer Support
Markets.com provides its clients/traders with customer service for 24 hour 5 days a week. And due to its wide spread throughout the world, it offers its customer support it a variety of languages.
It offers its customer support via live chats and emails. Markets.com are however moving towards self-activation where traders can easily get themselves on-board without having to depend on the customer support team. This has been made possible by providing walk-through tips as well as messages to new client.
In conclusion, Markets.com is a time tested Forex and CFDs broker who offers trusted services to its traders. It is a very good choice for forex newbies due to their education programs as well as the Forex trading experts.