In the past, we’ve looked at a few forex brokerages and offered you reviews of the services. One of those brokerages is Markets.com. But we’ve decided to revisit the platform, and to bring you updated information for 2017.
In a previous review of the site, we gave you an overview of Markets.com, and of what they offered. As of today, we’re still using the site and it still comes highly recommended.
Here’s what we’ve come to love about the Markets.com trading platform.
Markets.com for Beginning Investors
We know that a lot of our readers are beginning investors. That is to say, maybe you don’t have a ton of money to risk in the markets, or maybe you don’t know your way around Bitcoin or ETFs. If you’re just starting out, Markets.com is great for many reasons.
First, Markets.com will give you a free demo account. When you register for this account, you’re going to be given a balance of “pretend” money. This is usually around $10,000 unless you specify a different currency. You can check the website for details.
The demo account doesn’t simply demonstrate how Markets.com works. Instead, you’ll be able to initiate real time transactions, within the account. This will give you an idea of how well you would do if you were trading real money.
You’ll be able to view all of your transactions and the pretend stocks you own within your portfolio. If you’ve done well, and you’re ready to begin trading, you’ll be able to seamlessly switch to either a classic, standard or premium account. Of course, you can’t keep the money that you’ve “earned,” but it was fun to practice!
Markets.com is also great for beginners because of the low account minimums. To open a Classic Account, you’ll only need to deposit $100. You can use your credit card or a service like Skrill or PayPal to deposit. Once you’ve verified your personal information you’re ready to start. This low account minimum is great for investors who aren’t ready to throw tens of thousands at the stock markets just yet.
Markets.com for Experienced Investors
You don’t have to be a beginner to love Markets.com. If you’re willing to invest a little more, you can open a Standard or a Premium Account. The Standard requires a minimum beginning balance of $2,500, and the Premium is best suited for the most experienced investors. You’ll open this account with $20,000.
If you know your way around the markets and investing, Markets.com has a lot of options available to you. You’ll be able to trade ETFs with no commissions. You can trade over 50 currency pairs. You’ll have access to over 2,000 share CFDs and enjoy no commissions. You can even trade over 15 commodities.
With the Premium Account, you’ll also enjoy premium customer service. Customer service is available in several different languages, and is offered 24 hours a day, Monday through Friday. You can call for assistance, or use the Live Chat feature on the website.
Markets.com is Available Worldwide
Now, there are a few exceptions to this. Markets.com is owned by Safecap Investments, which is regulated by the Cyprus Securities and Exchange Commission. It’s also authorized by the FSB in South Africa.
All that is to say you can use Markets.com anywhere in the EU, and in most other countries. It’s not, however, available to clients in countries such as the United States, Canada, Japan or China. These clients will have to look elsewhere for a trading platform.
Not only is Markets.com regulated by quite a few bodies, but the site itself is encrypted and secure. Of course, investing in the stock market is always risky. No trading platform will ever guarantee that you won’t lose money while investing. But the site uses advanced firewalls, SSL encryption and other methods to ensure that your personal information remains safe.
Markets.com has been an option for investors since it was launched in 2010, and since then has earned a reputation for being legitimate, reputable and safe.
The Markets.com Interface
What we love best about Markets.com isn’t necessarily the no commission structure or the wide range of trading options available. We just like the site. The site and the platform are very user friendly. Many times, discount brokers will clutter their websites with advertisements, videos and distracting streaming tickers. Markets.com has chosen to steer clear of this chaos.
The result is a well-organized yet very informative resource for investors. Within the pages of Markets.com, you’ll find educational webinars, news briefs and financial calendars. But they’re not going to distract you. It would seem that the folks at Markets.com know that as an investor, you’re visiting the site to do just that – to invest. There’s no need for a website to distract a user from its intended purpose.
We mentioned that Markets.com is available via mobile app as well. You can access the platform on your Android or Apple device, or on your Apple watch. The mobile app is even more straightforward than the site itself. You’ll be able to easily view your account balances, and to do quick research on stocks you own or are interested in. Initiating a transaction through the app is as simple as a few clicks.
There are many reasons we’re still using Markets.com. The customer service is second to none, the desktop application is uncluttered and professional, and the mobile apps are the same. We love the variety of products offered by Markets.com. Everyone from the new investor to the experienced will find what they’re looking for.
The only complaint that we have about the site is that it may not always offer the most up to date news. For example, at the time of this post, the website’s breaking news was that Snapchat was about to issue an IPO. That news was, unfortunately, about four months old.
This is a small price to pay for such a well-executed website, though, and the solution is simple – use Markets.com to trade. Get your news elsewhere.
It’s unusual for us to review the same product twice on Regulated Broker. But we feel as if Markets.com deserved a second, updated look. We recommend that you check out the site as well, whether you’re a new investor or one with years of experience. There is, simply put, something on Markets.com for everyone.