Markets.com was founded in 2006 and became involved in the forex market a couple of years later in 2008.
I’ve tried out Markets.com for a few weeks and I’m pretty impressed.
Is Markets.com Available in the UK?
Yes, you can use Markets.com in the UK.
It’s an online trading platform that allows you to trade a whole host of financial instruments, from stocks to forex, commodities and indices – it’s like a buffet of trading options.
And the best part?
Markets.com is regulated by the UK’s Financial Conduct Authority (FCA), so you can rest assured that it’s a legit broker. No dodgy dealings here.
Markets.com Features
Clients of Markets.com have access to all kinds of helpful material like chart analysis, indicators, oscillators as well as other alerts being offered, in order to make an accurate assessment of the markets they are investing in and so make better predictions that will win them more profits.
Types of accounts
To open an account with Markets.com you must deposit a minimum amount of $100.
Spreads are competitive and the default setting for leverage is 1:50 but it can go as high as 1:300. Bear in mind that the heavier the leverage, the heavier the risk.
Leverage for trading forex is available up to 1:300 while the limit for commodities and indices is 1:200 and for stocks, it is 1:10. Nevertheless, all these values can yield significant returns or losses.
With Markets.com, you can trade in a decent variety of instruments such as gold, commodities, stocks, currencies, CFDs, and equities.
What’s more, said trading is entirely free of commissions and the spreads are still quite tight, down to 1.7 on important fx pairs like GPB/USD, EUR/USD, and USD/JPY.
There is also an unlimited demo account on offer which traders can use to sharpen their trading instincts and skills without risking real funds.
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Deposits and withdrawals
There are numerous methods of payment by which to fund your Markets.com account.
| Payment Method | Availability |
|---|---|
| Credit Cards | Available |
| Wire Transfers | Available |
| Neteller | Available |
| Skrill | Available |
| PayPal | Available |
| Other methods available in your area | Depends on location |
Making withdrawals is simple enough with Markets.com. Once you have logged into your account, click on the withdrawal tab and wait for the funds to be transferred through to your bank account.
Educational facilities
At Markets.com, traders can benefit from a comprehensive educational programme in both forex and CFD trading. For instance, there is the News and Research section where traders can access in-depth coverage of the forex market.
Both forex and CFD traders can benefit from technical analysis brought by Trading Central, a leading provider, to help them identify and benefit from the momentum of the market.
CFDs and currencies aside, traders can also access to coverage and analysis of commodities, indices, and stocks.
There is also the Autochartist tool where traders who sign up can and be given alerts, both audio and visual, just as soon as any emerging or complete patterns are recognized or when a Fibonacci pattern is emerging. The alerts, of course, also come with relevant charts/graphs.
Autochartist also features Powerstats that offers you a better assessment of risk and volatility associated with whatever instruments you are trading in.
The website itself is accessible in up to 15 languages including French, German, Italian, Spanish, Portuguese, Swedish, Norwegian, Polish, Slovakian, Romanian and Arabic.
Customer Support
Markets.com boasts one of the most widely available customer support systems of any broker with officers set up in up to 21 locations across the globe with representatives on hand 24 hours a day, 5 days a week.
You can reach them either by email or live online chat.
Is Markets.com a Good UK Broker?
With the provision of such a favorable trading environment and abundant access to customer services, trading with Markets.com is about as sweet as it sounds.
Is My Money Safe With M1 Finance UK?
As a trader, it’s crucial to assess the safety of your money before entrusting it to a broker like Markets.com UK. Firstly, it’s important to note that Markets.com UK is regulated by the UK’s Financial Conduct Authority (FCA), which means that they are subject to strict rules and regulations aimed at protecting clients’ money.
Markets.com UK also segregates client funds from its own operating funds, which provides an additional layer of protection against any potential insolvency or financial difficulty. In the event of such an occurrence, client funds would not be impacted, and they would remain separate and accessible to clients.
In addition, Markets.com UK is also a member of the Investor Compensation Scheme (FSCS), which protects clients’ funds up to a limit of £85,000 in case the broker becomes insolvent or fails to meet its obligations.
Our Verdict
Markets.com UK – the legit online trading platform that has more options than your favourite buffet. Want to trade in stocks, forex, commodities, or indices? They’ve got you covered!
And the best part? Their website is available in up to 15 languages, so you can finally put that GCSE French to good use.
After using them for weeks I can say that their customer service is really good and on hand 24/5, either by email or live online chat. They’ve got you covered, even if you’re trading in your pyjamas at 2 am.
What about safety?
Markets.com UK is regulated by the FCA. Plus, your funds are segregated from operating funds, like your parents’ savings account that they always told you never to touch. In the unlikely event of a financial difficulty, your funds would remain safe and accessible to you.
So, if you’re looking for a trading platform that’s more legit than your favourite TikTok influencer, Markets.com UK might just be the one for you!
