In this article, we will understand all about the platform Markets.com and its impact on the brokerage world.
Markets.com is a fantastic alternative for traders looking for a comprehensive and reputable online platform with a wide range of account features and functionalities. Markets.com was founded in 2008 and is a subsidiary of Finalto, which is a part of Playtech PLC, which is listed on the London Stock Exchange Main Market and is a member of the FTSE 250 Index.
For users in Europe, South Africa, Australia, the United Kingdom, and other areas, Markets.com offers five different account options. Customers in the United States, Canada, Japan, Singapore, and Belgium are currently unable to use the platform.
Markets.com has received Best Forex Trading Platform and Best Forex Provider at the 2017 UK Forex Awards, and also Best Trading Platform 2020 at FX Scouts for its great trading features and reliable system.
Markets.com lives true to its name by offering traders a comprehensive view of the financial markets through its diverse range of tradable assets. Customers can choose from over 2200 assets, including different currencies, precious metals, a diverse range of global shares, bonds, ETFs, cryptos, and a number of unique mixes, such as a trade war blend and a Warren Buffett blend.
Markets.com has created a customized, user-friendly trading platform (Web Trader) and MetaTrader 4 and 5. Exceptionally low spreads (beginning at 0.6 pips), leverage of 1:30-1:300 (depending on account type and jurisdiction), and advanced trading tools are just a few of Markets.com’s primary features and perks.
It is important to note that 67 percent of retail investor accounts lose money when trading CFDs with this firm. Users should consider the risks of how CFDs work and whether the user can afford to risk losing large sums of money.
Pros and Cons of Markets.com
Here are the Pros of Markets.com:
- ASIC, CySEC, and the FCA are among the five regulators that regulate the broker.
- There are over 2200 asset categories to trade.
- Tools for investor education that are both accessible and informative
- Trades with no commissions and spreads that are competitive
- Excellent client service and a knowledgeable trading team
Here are the Cons of Markets.com:
- For advanced traders, a customized trading platform may be too basic.
- Clients in the United States and Canada, as well as Japan and Singapore, are not eligible.
- Over the weekends, there is no support.
Who Can Use Markets.com?
Markets.com’s platform and features are extensive and easy to use for new, skilled, and professional traders. Financial news, assessments, insider market updates, and blogger opinion summaries are all available in the platform’s tools and analysis section.
Basic and sophisticated charting, market signals, and comprehensive commentary from the Markets.com trading advisory team are all included in the technical analysis capabilities.
A total of five financial jurisdictions, comprising two tier-1 authorities, supervise the platform. Client funds are segregated in the EU, the United Kingdom, Australia, South Africa, and the British Virgin Islands, whereas investor compensation differs depending on the regulator. Account categories (retail/professional) and jurisdictions have different leverage restrictions, with a maximum leverage of up to 1:300.
In compliance with laws, the leverage for retail clients under ASIC, FCA, and CySEC businesses is regulated at a maximum of 1:30. Leverage restrictions differ depending on the asset type, with FX Forex having the highest leverage ratios.
Markets.com’s platform includes great features such as investor compensation protection and leverage limits, and professional traders can use maximum leverage of 1:300.
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Features of Markets.com
Remarkably Low Spreads: Markets.com offers incredibly competitive spreads on all major currency pairs in addition to zero commissions. This includes spreads on different ranges of exotic FX pairs accessible.
Insights and Strategies for Investing: Markets.com’s investor education resources are easily accessible, intelligent, and especially beneficial for traders of all levels of expertise. The platform’s trading professionals have created a good video analysis series called x-ray, which is updated with new episodes on a regular basis.
About 2200 Tradable Assets: One of the platform’s biggest advantages is the vast selection of FX pairs, stocks, metals, bonds, ETFs, cryptocurrencies. The Buffet, Soros, Cannabis, Brexit Winners and Losers, and Dogs of the Dow blend funds from Markets.com provide traders with a changing mix of growth and value companies across numerous industries and geographic areas.
Decision-Making Instruments: Markets.com offers a number of buy, sell, and hold signaling tools in addition to basic investor education resources. Stock alerts, hedge fund confidence, insider trade alerts, indexes, and trading patterns from other Markets.com users will all benefit investors.
Regulation and Compliance Markets.com
Users on this platform can choose from a variety of compliance and investor compensation options across five financial jurisdictions.
The holding company of Markets.com (Safecap Investments) is based in Cyprus and is regulated by CySEC, the Cyprus Securities and Exchange Commission. The same organization backs the platform’s European accounts, and traders can get up to €20,000 in ICF investor reimbursement, negative balance protection, and separated bank accounts.
Traders using Markets.com’s UK account will benefit from top-tier Financial Conduct Authority (FCA) requirements such as up to £85,000 in investor compensation, as well as client funds segregation and negative balance protection.
The Australian Securities and Investments Commission (ASIC) regulates the account, including negative balance protection, electronic authentication, and segregated accounts. While there is no compensation for investors, ASIC is a top-tier regulator with a stellar international reputation.
Traders who choose the Global Account, regulated by the Financial Services Commission (FSC) of the British Virgin Islands, will gain from segregated bank accounts and negative balance protection. Investor remuneration is not available in this jurisdiction, and the South African Financial Sector Conduct Authority offers the same regulatory structure and terms (FSCA).
Markets.com’s offering of multiple account jurisdictions and the existence of two tier-1 regulators is a defining quality that will allow consumers to trade with assurance.
Many internet brokers have a limited selection of asset kinds, including several hidden charges. Markets.com sets itself apart by offering zero costs, competitive spreads, and a plain pricing system in addition to a wide range of tradable assets. Markets.com’s service is enhanced by the large range of trading jurisdictions available.
The platform prioritizes the simplicity and user-experience of traders, from the simple setup process to the ease with which traders can use and get up to speed with the unique trading platform. A good array of teaching and analytical tools, as well as simple deposit and withdrawal terms, round out the package and make Markets.com even more appealing.
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