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Markets.com review and ratings

Established 2008
Location Australia UK Cyprus South Africa British Virgin Islands
Regulation ASIC, FCA, CySEC, FSCA, BVIFSC
Offices Sydney, London, Nicosia, Bloemfontein
Broker type STP
Leverage up to 1:300 (1:30 for EU clients)
Deposit from 100 USD
Spreads mid  mid
Platforms Web MetaTrader 4 MetaTrader 5 Specific Social Platform
Instruments Currencies Indices Metals Energies Softs Stocks Bonds ETFs
Funding methods Wire Transfer Credit Cards PayPal Skrill Neteller iDeal Sofort Giropay

Company information

Markets.com (MARKETSX) group includes 5 related companies.

Markets.com AU - located in Australia, regulated by the Australian Securities and Investments Commission (ASIC).
Markets.com UK - located in the United Kindom, regulated by the Financial Conduct Authority (FCA).
Markets.com CY - located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).
Markets.com SA - located in South Africa, regulated by the Financial Sector Conduct Authority (FSCA).
Markets.com BVI - located in the British Virgin Islands, regulated by the BVI Financial Services Commission (BVIFSC).

Be aware, CY and UK companies have some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.

Availability

Markets.com group accepts clients from all over the world, excluding USA, Canada, Belgium, Russia, Japan and some other countries where restrictions apply.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

60+ Currency Pairs Based on major and minor world currencies.
26 Indice CFDs Based on baskets of different blue-chip stocks, Volatility Index and US Dollar Index.
19 Blend CFDs Based on baskets of stocks and assets specifically assembled by the broker.
5 Metal CFDs Based on Gold, Silver, Palladium, Platinum and Copper.
4 Energy CFDs Based on Crude Oil (WTI, Brent), Heating Oil and Natural Gas.
8 Soft CFDs Based on Cocoa, Coffee, Corn, Cotton, Rice, Soybean, Sugar, Wheat.
3 Bond CFDs Based on US, UK and German government securities.
1800+ Stock CFDs Based on shares of AU, US, UK, EU, Hong Kong and South Africa companies.
50+ ETF CFDs Based on exchange-traded funds containing various tradable assets.

The broker also offers such specific trading assets as Blends and IPOs.

Comprehensive review

MARKETSX is a forex & CFD brokerage company with offices in Australia, the UK, Cyprus, and South Africa. The broker has recently rebranded itself from its original name Markets.com, and now refers to itself as MARKETSX, or simply X on some occasions.

MARKETSX is fully regulated as a forex broker in all jurisdictions where it has a physical presence, which further adds to its credibility as a reliable company to deal with. This includes regulation by the very reputable Financial Conduct Authority (FCA) in the UK, and the Australian Securities and Investments Commission (ASIC).

Thanks to the regulatory regime in Europe, traders that are based in the EU are only allowed a trading leverage of maximum 1:30 wen trading with MARKETSX. Traders from other regions, however, will still get access to a relatively high leverage of 1:300 available with this broker.

The instruments that are available from MARKETSX includes a range of major and minor forex pairs, stock indices, single stocks, exchange traded funds (ETFs), government bonds, and commodities. Among these assets, the selection of single stocks is by far the largest with more than 1800 stocks from around the world available for trading.

In addition to these common assets, MARKETSX also offers something it calls “blends”, which are essentially ETFs that are custom made by the broker to achieve particular investment goals. Examples of these blends are a Cannabis Blend made up stocks of various companies in the cannabis industry, and a Fashion Blend with various companies in the clothing industry.

The broker does not offer direct trading in single cryptocurrencies, but it does offer a “CryptoBlend,” which is essentially a fund-like CFD made up of the four cryptocurrencies Bitcoin, Ripple XRP, Litecoin, and Ethereum.

The spreads offered on these trading instruments are not the cheapest in the industry, but they are not too bad either. Especially when taking into consideration how large the selection of tradable assets actually is from this broker, we believe the cost of trading here is acceptable.

In terms of trading platforms, MARKETSX is well-known for its own proprietary web-based platform. This platform includes features such as an overview of investments that are trending among its users, built-in analyst recommendations, as well as an easy-to-use charting solution. For those who want the ability to trade on the go, the MARKETSX platform also comes as an app for Apple and Android mobile devices.

In addition to the in-house web platform, MARKETSX also allows those who prefer to trade on the classic MetaTrader 4 or 5 (MT4/MT5) to do so.

The broker accepts most common payment methods for both deposits and withdrawals, and does not charge any fees for doing so on top of what the third-party solution may charge for making the transaction. In addition to the standard payment methods like bank wire transfers and major credit & debit cards, MARKETSX also accepts the popular e-wallets Skrill, Neteller, iDeal, and Sofort.

All in all, we believe the huge selection of stock CFDs makes MARKETSX stand out in the industry with one of the largest and best offerings for stock traders. We also like their focus on blends, although we believe these may be better suited for long-term investments than for short-term trading. As such, the broker should consider making these available without any leverage, given that leveraged products are not ideal for holding over the long-term.

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