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MarketsX3 min read
Broker Review
«Markets» online forex and CFD broker is a very popular forex broker among traders. In addition to the trademark TradeTech Markets Limited, the company is a serious forex broker that has been in operation since early 2000. Being one of the early leaders in the retail forex space, «Markets» has evolved to become one of the well known and reputable forex brokerages with over 10 years of successfully running the forex brokerage. Broker offers a very wide range of assets, including CFDs on Indices, Currencies, Commodities, Stocks, Cryptocurrencies, ETFs, Blends and Bonds. The broker offers a combination of high quality, customer service, transparency and competitive conditions for trading in the financial market. The platform is unique and has more than 2000 instruments are available.
Platforms
88
Usability
73
Assets
90
Users rating30 Votes
89
Pros Broker
Fully regulated
Wide range of assets
Low trading fees
Reliable trading terminals
Cons Broker
No support on weekends
Website could confuse new traders
Higher than average swap rates
No deposit in cryptocurrency
84
Overall Broker Rating
Visit Broker

Review of the company

«Markets» appeared in 2000, but the official website was launched in 2010. The trademark belongs to TradeTech Markets Limited. The company is part of the well-known corporation Playtech PLC. He is the sponsor of Arsenal Football Club.

The broker is aimed at working with investors from Africa, Asia, Europe. Owns two certificates from financial institutions. The first was obtained for work in the eurozone from the CySEC regulator, the second – FSB, issued by an auditor from South Africa, gives the right to serve customers living in African countries. The company offers a wide selection of trading platforms, including the world famous MetaTrader 4 platform, as well as tight spreads and does not charge any fees or commissions.

In accordance with international standards, each quarter submits reports to regulatory organizations. «Markets» offer guaranteed negative balance protection to all its clients. It stores the money of traders in separate accounts, without using funds to pay for current expenses. In the event of bankruptcy, the customer’s money will remain intact.

Trading Platforms

Trading in the company is carried out through the MetaTrader 4 terminal and «Markets» proprietary platform, which provides access to the entire spectrum of orders, setting restrictions for their execution, tools for analyzing trends, trading signals and automating trading procedures. When developing the site, special attention was paid to the usability and the ability to use various trading platforms. All information on the company’s website is presented in a clear and concise manner. The presence of various platforms allows users to carry out trading operations in the most convenient and familiar way for them.

Account Types

In total, «Markets» provides three accounts, each of which differs in the provided additional services. So, on a classic account you will not have a personal manager, signals and premium services, but the initial deposit is only $100. The premium account starts already with $2,000 and it includes almost all the services of the broker. And a professional for $20,000 you will get an elite service. For most traders, the first two accounts will be enough. Additionally, they have a dedicated account manager.

In addition to currency pairs, it will be possible to trade bonds, stocks, raw materials and metals in the trading terminal. Compared to other similar organizations, here you will get almost the entire set of companies that are traded on the world’s stock exchange. You will be able to purchase stocks of both Apple and Facebook. The company offers a wide selection of trading platforms, including the world famous MetaTrader 4 platform. The MarketsX trading platform is a proprietary web trader.

Deposits & Withdrawals

«Markets» supports a fairly standard range of deposit options. Among them are bank transfers and credit cards. In addition to these, Neteller, Skrill, and PayPal are also supported. The withdrawal is only processed through the same method through which traders made their deposits. The processing time of the Withdrawal is from 5 to 7 days. There is no withdrawal fee.

Customer Service

«Markets» has the largest support services available that work with offices around the world and representatives answer 24/5 by telephone in the language of their local headquarters. Online chat and email are also available. The online form can be used to contact the leading office of the stock broker or via social media such as Facebook and Twitter. Customer service also includes individual account management and CFD training. You can open a trading account easily, quickly and completely digitally.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.