MarketsX / Markets.com Review
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Markets.com is a stock-exchange listed broker with 2 brands: MarketsX & MarketsI, one for CFD trading & the other for investment.
Markets.com at a Glance:
- Low-Average CFD Trading Fees
- Markets.com Provides Trading Ideas
- Offers Negative balance protection
- Well Regulated in Top-tier Financial Markets
- It does not offer fundamental data
- Portfolio is limited mostly to CFD and Forex
- Not suitable for beginners
Markets.com Pros And Cons
Markets.com is one of the best CFD trading and share dealing platforms around the world The brokerage company was established as part of the TradeTech Group, a constituent of Playtech, a London Stock Exchange and FTSE 250 listed company.
When we talk about Markets.com, the discussion always goes to two directions; Investment and Trading because the company has created two different branded products to keep investment strategies from trading.
Markets.com is governed by the following financial authorities:
- (FCA): Financial Conduct Authority
- Cyprus: Securities and Exchange Commission (CySEC).
The trading products that MarketsX offers are mainly around different types of CFDs, and the investment portfolio that you can expect from MarketsI is focused on share dealing.
Markets X, CFD Trading Platform
Markets x is trading platform that fits both beginners and professional traders.
When trading with markets.com, you’ll have access to over 2,200 instruments to easily trade CFDs. As a professional trader with years of experience, you won’t be subject to recent regulatory product interventions.
To be considered as a Professional trader you must meet the minimum requirements:
- You must have a trading portfolio of over half a million euro.
- You need to prove that you have more than a year of experience in financial markets.
- Your transactions size should be significant and as frequent as 10 per quarter in the past year.
Markets I, Share Dealing & investing company.
The investment platform allows you to either build your own strategy, or use pre-built investment strategy templates that matches your personal risk profile.
Once you decide whether you’d like to go bold or keep it more conservative, can quickly set up, select the investment strategy template that suits you and start investing.
As soon as you open a share dealing account, you’ll also get three months Free Commissions and subject to these competitive pricing:
- EU Shares (French, German and Spanish) = 0.1% (min €10)
- UK Shares = 0.1% (min £8)
- US Shares = 2c (min $15)
- AU Shares = 0.1% (min A$10)
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How do bonus brokers make money?
When it comes to online trading, we often receive questions such as:
“Is MarketsX a good broker for CFD Trading?”
“How much is MarketsX fees?”.
Before we get to fees, it’s good to know that Marketsx offers investor protection. The protection amount is £85,000 for UK residents, and €20,100 for European. They also hold your money in segregated client bank account at regulated banks and do not merge your money and assets. So, this adds to their safety level and make them even more safe brokers.
Let’s have a look at Marketsx revenue model and how they make money. All different costs that you might be charged when trading with Markets.com are as follows:
- Spreads
- Negative Balance Protection
- Margin
- Slippage
- Execution and slippage
- Overnight Fees
- Conversion fees
Marketsx is tailored more for experienced CFD traders. If you are a beginner and new to CFD trading, you can find other brokers that meets your requirement by visiting our latest list of the best cfd trading platforms list.
The fees for S&P 500 CFD, Europe 50 CFD, EUR USD are built into spread.
✓ For S&P 500 CFD the fee is 0.4 average spread cost, which is considered to be low.
✓ For Europe 50 CFD the fee is 1.6 average spread cost, which is considered to be low.
✕ For EUR USD the fee is 0.6 pips average spread cost, which is considered to be high.
✓ There is $10 monthly inactivity fee after a quarter.
The leverage on major currency pairs such as EURUSD is 30:1 (20:1 on minor pairs). To help you choose the best broker, we will compare these top three brokerage companies, side by side: Markets x, Plus500 Review and eToro review
Compare Markets.com investment Fees
In this comparison case, you make a typical trade which means buying a leveraged position, holding it for 1 week & only sell it afterwards.
* Volume: a $2,000 position for:
1) The stock Index
2) CFD
3) Forex.
The leverage in these scenarios is:
• 20:1 stock index CFDs
• 5:1 CFD
• 30:1 forex
| Benchmark Fee | MarketsX | Plus500 | eToro |
|---|---|---|---|
| EURUSD | $24.5 | $17.9 | $19.6 |
| GBPUSD | $25 | $14 | $16.2 |
| AUDUSD | $25.1 | $12.6 | $12.4 |
| EURCHF | $22.1 | $9 | $11.8 |
| EURGBP | $20.5 | $14.6 | $19.9 |
| Benchmark Fee | MarketsX | Plus500 | eToro |
|---|---|---|---|
| S&P 500 index CFD fee | $2.6 | $2.1 | $2.4 |
| Europe 50 index CFD fee | $2.5 | $1.3 | $2.7 |
| Apple CFD fee | $6.4 | $8.9 | $6.3 |
| Vodafone CFD fee | $6.7 | $7.6 | — |
“Illustrative prices”
Is MetaTrader 5 good for beginners?
Markets X offers 3 choices to online traders.
The first trading platform is very well known by all traders; MetaTrader 4.
With Meta trader which is an easy-to-use online trading platforms, you can have your own EA/ Expert Advisors, trade less like micro-lots as small as 0.1, or focus on hedging strategies
Markets.com also offers Metatrader 5 to CFD traders. This online platform is an upgraded version of MetaTrader 4 that brings more technical analysis indicators and also allows you to trade multi-assets on foreign currency, futures CFD, stocks and other CFDs.
Mobile trading is the main focus of Marketsx, that why alongside those 2 options, you can easily download Marketsx trading app for IOS & Android phones. The App allows you to basically perform trading, place orders and configure notifications and alerts.
Here is how the platform looks like:
How to Open Trading Account on Markets.com
You can open live trading accounts on Markets.com, especially Markesx are EUR, AUD, DKK GBP, NOK, PLN, SEK, USD, ZAR.
You can open a CFD Trading account with Markesx in just a couple of steps shown in the image below. All you need to start trading is your email address or a social media account. Your demo account is available instantly, but approving your live account can take one to three days.
KYC, also known as know your customer process, comes in play when you decide to move forward as a trader and work with real money. That would be when Markets.com team asks you to provide your passport copy or valid government issued ID along with proof of residency (something like a utility bill or bank statement).
In brief follow these steps for account opening at Markets.com:
1. Get ready with your email address
2. Select the country of residence & your currency
3. Choose whether you want to go for demo account or real account.
4. Provide basic information about yourself
5. Go through the KYC process, and get approved.
As for Markets-x customer support we can say they respond pretty fast via phone from 10 pm GMT Sunday to 9 pm GMT Friday, and their support representatives are also available 24/5 and reachable via live chat, However there is no one to talk to in weekends.
If you are not comfortable with English platforms, you can choose your broker from this list:
أفضل وسطاء العملات الأجنبية in Arabic, beste forex broker in German, broker forex terbaik in Indonesian, migliori broker cfd in Italian, melhores corretoras de forex Portuguese in brazil, and finally bästa cfd-mäklare i Sverige in Swedish.
Should I Trade ETF, Forex, or CFD?
Marketsx clearly mentioned that their area of expertise is CFDs and Investment. Markets.com offers you the following trading instruments:
- Bonds
- Blends
Education guide & Research tools for investors
Marketsx education is good, even for beginners. You can learn how to use trading platform, conduct analysis, work with charts, compare currencies.
If you prefer to go solo, you have access to plenty of tutorials and guides about tools and forex trading strategies.
Does Markets.com offer Fundamental Data? No.
Does Markets.com offer Trading Ideas? Yes.
MarketsX provides trading ideas and those trading recommendations that you’ll find on Markets.com are very clear, however it would look blind to beginners because you won’t know the reasoning behind the recommendations.
In case you’re interested to see how senior managers of the brokerage company perform trades and buy stocks you can easily use the Insider Trades sentiment. A similar feature called hedge fund sentiment is available for those who are interested in monitoring lead-fund manager’s position and portfolio.
Markets.com also offers trading signals about different asset, but don’t be fooled because due to Covid-19 impact on global economy and the political situation, past performance is never a good indication of future performance of assets and currencies.
Conclusion of Markets.com Trading Platform
Can You make money by trading CFD?
The editorial team have tested MarketsX platform before drafting this review. We think it might not be the best broker but it’s certainly a regulated brokerage company by the FCA and the ASIC and can be counted as a good CFD trading broker. The trading platform and trading app is very easy to use and account opening is instant and very fast.
When it comes to charting, comparison, alerts, and notifications, you can easily use Metatradder 4 or 5 to do so. However, the web trading system does not allow you to configure two-step authentication and price alerts.
Couple of reasons could be its regulation, as it is supervised by several financial authorities globally. The easy-to-use trading platform that they offer is an advantage for online trader on the go.
Good thing is that MarketsX’s CFD fees are comparatively average, and they are transparent about pricing and costs. The firm allows you to withdraw for free and it’s done pretty fast.
On the negative side, the biggest negative point on MarketsX is its high financial fees and limited portfolio of CFD and Forex trading. Overall it’s a trustworthy brokerage to use.
MarketsX / Markets.com Review
- (FCA): Financial Conduct Authority
- Cyprus: Securities and Exchange Commission (CySEC).
Follow these steps to learn how to open trading account:
1. Get ready with your email address
2. Select the country of residency.
3. Provide demographic data
4. Choose your preferred online trading platform
5. Select your account type & base currency.
6. Explain your trading experience and provide employment history
7. Provide identity and residency proof for activation.
The minimum deposit is $250.
- Low-Average CFD Trading Fees
- Markets.com Provides Trading Ideas
- Offers Negative balance protection
- Well Regulated in Top-tier Financial Markets
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