Markets.com – Account Types

Markets.com – Account Types

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Markets.com - Account Types

 

Overall Rating

4.7/5

Rated #199 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

CySEC

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Our Markets.com Account Types Revealed:

 

Markets.com Overview

Established in 2008, Markets.com is a well-regulated and reputable Market Maker and STP broker that offers more than 8,000 financial instruments that can be traded across several asset classes through powerful, flexible trading platforms.

 

Markets.com has more than 5 million registered traders and experience high trading volumes daily, monthly, and annually from beginner and institutional traders alike. Markets.com is known for providing competitive trading conditions, tight spreads, and powerful trading technology.

 

Markets.com is owned and operated by Safecap which is owned by Finalto Limited, a subsidiary of Playtech PLC, a company that is publicly listed and traded on the London Stock Exchange as well as the FTSE 250 index.

 

Through its parent companies and subsidiaries, Markets.com is regulated and authorized through several entities including the ASIC, CySEC, FSCA, FCA, and BVI FSC. Markets.com provides its services to traders from around the world, with offices that are based in South Africa, the United Kingdom, Cyprus, and Australia.

 

The most recent awards that Markets.com has won include the Best Forex Trading Platform (2017) by the UK Forex Awards and the Best Trading Platform (2020) by FX Scouts. Clients who use Markets.com also receive the advantage of receiving dedicated customer support through several communication channels.

 

Markets.com Account Types

Markets.com offers a choice between investment and trading accounts that provide traders access to a wide range of tradable assets, transparent fee schedules, and some of the best trading conditions.

 

Markets.com offers Muslim traders who follow Sharia law the opportunity to convert their live trading account into an Islamic Account that will exempt them from overnight fees. In addition, Markets.com also offers a useful demo account that can be used for several applications.

 

Markets.com Account Features

MarketsX Account

Markets.com is dedicated to ensuring that fee schedules remain transparent, allowing traders to make accurate and informed decisions regarding their trades. Markets.com provides upfront pricing information that shows traders exactly how much their trade will cost before it is executed.

 

The spreads that traders can expect with the MarketsX account are exceptionally low and competitive. Through MarketsX, Markets.com offers premium service and some of the lowest spreads in the market, depending on the financial instrument, the market price and conditions, and the time of day that trades are executed.

 

Features that traders can expect include:

  • A minimum deposit of $100
  • Spreads from 0.8 pips EUR/USD
  • Commission-free trades as the broker fee is included in the spread
  • Leverage up to 1:300 for non-EU traders and up to 1:30 for EU clients
  • Access to prompt and dedicated customer support
  • Access to a wide range of trading tools, news, and analysis
  • Access to MetaTrader 4, MetaTrader 5 and the proprietary Markets.com trading platforms MarketsX and Marketsi
  • Ability to use fundamental, technical, and sentimental analysis on markets
  • Access to trading signals from experienced traders
  • Advanced charting capabilities
  • Financial commentary from ForexLive.com
  • Advanced and customisable alerts
  • Thomson Reuters Stock report
  • Fast and reliable trade execution speeds
  • Access to over 8,000 financial instruments

 

Marketsi Account

The Marketsi Account is a comprehensive investment account that provides traders with competitive conditions, transparent fees, and excellent tools and information that will help them make informed accurate investment decisions.

 

The benefit of using the Marketsi Investment account is that commissions are waived for the first three months that traders have a Markets.com share dealing account. After the first three months have passed, investors can expect these commissions:

 

  • US shares – from 2c and a minimum of 15 USD
  • UK shares – from 0.1% and a minimum of 8 GBP
  • EU shares – from 0.1% and a minimum of 10 EUR
  • AU shares – from 0.1% and a minimum of 10 AUD

 

Additional trading conditions on the share dealing account include the following:

  • Share dealing account spreads are not marked-up
  • There are custody fees that start at a rate of 0.15% and a minimum charge of 5 EUR per month. Once the commission-free period has passed, investors will be charged at a rate of 0.12% with a minimum charge of 10 EUR monthly
  • Conversion fees are charged at 0.50% during the commission-free period and these charges apply for currency conversions if the account currency is different to the asset currency. Once the commission-free period has ended, there is a 1% currency conversion fee applied
  • Investors must note that there is stamp duty applied to UK stocks from 0.5%
  • There is a Financial Transaction Tax (FTT) of 0.30% charged on all large-cap French stocks
  • For every $1 million traded on US exchanges, there is a $20.70 fee charged
  • US shares attract an administration fee of up to $0.05 per individual share

 

In addition to this, investors can expect the following stock exchange fees:

  • Australian Securities Exchange – 20 AUD for private investors and 95 AUD for professional investors
  • Bats Europe – 25 GBP for professional investors
  • NASDAQ – 1 USD for private and 24 USD for professional investors
  • New York Stock Exchange 1 USD for private investors
  • New York Stock Exchange 45 USD for professional investors
  • NYSE (AMEX and ARCA), Bats 1 USD for private investors and 23 USD for professionals

 

Markets.com Demo Account

Markets.com offers traders the benefit of a demo account that can be used by beginner traders who need to build experience before they start trading live markets using real money. Markets.com also offers the demo account to more experienced and professional traders who want to test their trading strategies in a risk-free environment.

 

Markets.com Islamic Account

The purpose of an Islamic Account is that it caters specifically for Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.

 

Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.

 

Markets.com offers Muslim traders who follow Sharia law the option of converting their live trading account into that of an Islamic account, exempting them from earning/paying any overnight fees when they hold positions open for longer.

 

Markets.com Pros and Cons

PROS CONS
Offers a choice between different powerful trading platforms US clients are not accepted
Offers an innovative proprietary trading platform Inactivity fees are charged
Offers a choice between a trading and investing account with competitive conditions Currency conversion fees charged on the investment account
Islamic account option and demo account offered
Deposit and withdrawal fees are not charged
Advanced trading tools offered
Flexible funding options offered
Commission-free trading offered

MARKETS.COM AT A GLANCE

Broker's Name Markets.com
Headquartered British Virgin Islands
Year Founded 2008
Regulating Authorities ASIC, CySEC, FSCA, FCA, BVI FSC
Countries not accepted for trade United States
Islamic Account (Swap Free) Yes
Demo Account Yes
Institutional Accounts No
Managed Accounts Yes
Maximum Leverage 1:300
Minimum Deposit $100
Deposit Options
  • Bank Wire Transfer
  • Credit Card
  • Debit Card
  • Skrill
  • Neteller
Withdrawal Options
  • Bank Wire Transfer
  • Credit Card
  • Debit Card
  • Skrill
  • Neteller
Platform Types
  • MarketsX
  • MetaTrader 4
  • MetaTrader 5
OS Compatibility Linux, Windows, macOS, web browsers, Android, iOS
Tradable Assets
  • Shares
  • Bonds
  • Cryptocurrencies
  • Forex
  • Primary CFDs
  • ETFs
  • Indices
  • Blends
  • Commodities
Languages supported on Website English, Spanish, Thai, Vietnamese
Customer Support Languages Multilingual
Customer Service Hours 24/5

 

You might also like: Markets.com Demo Account

You might also like: Markets.com Fees and Spreads

You might also like: Markets.com Islamic Account

You might also like: Markets.com Minimum Deposit

You might also like: Markets.com Sign up Bonus

 

Overall Rating

4.7/5

Rated #199 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

CySEC

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

FAQ

TRADING ENVIRONMENT

How many instruments can I trade with Markets.com?

You can trade any of the following instruments:

  • Shares
  • Bonds
  • Cryptocurrencies
  • Forex
  • Primary CFDs
  • ETFs
  • Indices
  • Blends
  • Commodities

 

Which platforms are supported by Markets.com?

Markets.com supports the use of:

  • MarketsX
  • MetaTrader 4
  • MetaTrader 5

 

Does Markets.com offer leverage?

Yes, Markets.com offers leverage of 1:300 to non-EU traders and up to 1:30 to EU traders.

 

What spreads can I expect with Markets.com?

You can expect spreads from 0.8 pips on EUR/USD.

 

Does Markets.com charge commission?

Yes, Markets.com charges commissions on the share dealing account as follows:

  • US shares – from 2c and a minimum of 15 USD
  • UK shares – from 0.1% and a minimum of 8 GBP
  • EU shares – from 0.1% and a minimum of 10 EUR
  • AU shares – from 0.1% and a minimum of 10 AUD

 

Are there additional charges on the Islamic account?

No, there are no additional charges on the Islamic Account.

 

Is Markets.com regulated and by whom?

Yes, Markets.com is regulated by ASIC, CySEC, FSCA, FCA, BVI FSC.

 

Is Markets.com a recommended forex trading broker for experts and beginners?

Yes, Markets.com is recommended for both beginner and experienced traders.

 

What is the overall rating out of 10 for Markets.com?

7/10.

 

ACCOUNTS

What is the difference between a demo and a live trading account?

A demo account is a practice account that can be used by both beginner and professional traders. Beginners can use a demo account to practice their trading while more advanced traders can use it to test their trading strategies.

 

Alternatively, traders can also use a demo account to explore what a broker has to offer. Demo accounts are known for the risk-free environment that they offer along with the virtual funds which are used to trade.

 

Does Markets.com offer a demo account?

Yes, Markets.com offers a demo account.

 

How long is the demo account valid?

The demo account does not expire and when traders reach a minimum virtual balance of 100 units, it will reset to a virtual balance of 10,000 units.

 

Which live trading accounts does Markets.com offer?

Markets.com offers a CFD trading account and a share dealing account.

 

Does Markets.com offer an Islamic Account?

Yes, Markets.com offers the option for an Islamic account.

 

What are the available deposit currencies for a live trading account?

  • USD
  • ZAR
  • GBP
  • EUR

 

DEPOSITS AND WITHDRAWALS

What is the minimum deposit required to open an account with Markets.com?

$100.

 

How do you make a deposit and withdraw money with Markets.com?

  • Bank Wire Transfer
  • Credit Card
  • Debit Card
  • Skrill
  • Neteller

 

Does Markets.com charge withdrawal fees?

No, withdrawal fees are not charged.

 

How long does it take to make a withdrawal?

Withdrawals can take between a few hours up to several days, depending on the method that traders use and internal processes.