ForexNewsNow – Markets.com is one of the biggest and most popular forex brokers on the market today. It offers generous welcome bonuses for active traders, very low spreads, a great selection of trading platform software, and a variety of different account types to suit your trading style. While they don’t accept any U.S. customers, they’re worth a close look if you’re trading from other countries and are looking for the best forex broker.
Markets.com is based out of Cyprus. It is owned and operated by Safecap Investments Limited and regulated by Cyprus’s financial watchdog, CySec, as well as the U.K.’s FSA for added safety and security. In addition to trading in currency markets, you can also trade gold, oil, stocks and other commodities using Market.com’s software. It is open to most countries, but unfortunately doesn’t allow U.S. customers (if you’re a US trader, click here to go to a review of FXCM which accepts US-based traders).
Depending on your level of experience with trading and your bankroll, there are several different types of accounts you can open at Markets.com.
First, you are able to open a free demo forex account. You get to practice trading in the market and with the Markets.com platform with $100,000 in free, virtual money. Opening a demo account is a great first step for anyone interested in trading more in currency markets.
Markets.com also offers mini forex accounts. You can open a mini account for as low as the $100 minimum deposit, which also gets you a welcome bonus of $50. You can have as much as $2,499 in your account before you upgrade. The welcome bonus can increase to as much as $250 depending on your initial deposit. You get full access to the trading platform, but if you want to receive mobile alerts, you must pay a fee. The welcome bonus for this, as with all the welcome bonuses at Markets.com, is unlocked for withdrawal after you make a certain amount of trades. You also get the standard maximum leverage of 200:1.
If you want a standard account, the minimum deposit is $2500. The standard account comes with all the access you get as part of a mini account, but you also get free news and mobile alerts delivered to your phone. The welcome bonus is also higher, allowing you to get a maximum of $2000.
For the people that can afford it, Markets.com also offers a VIP level account, which if for deposits over $20,000. You get a welcome bonus that you negotiate with your account representative and also access to free FX trading signals from top traders via SMS.
Trading Platforms and Support
There are four different trading platforms that you can use when using Markets.com. They offer support for the ubiquitous and highly rated MetaTrader4, a proprietary downloadable package of trading software, a Java-based platform for trading when you don’t have access to your laptop and even a mobile trader for use on your phone. The proprietary clients are all clean, easy to use, and offer quick trading options so you can get the your trades in even during the most volatile of market situations.
The platforms are backed up by 24 hour customer support with local numbers in 25 different countries. Support is even offered in several different languages.
For a dependable trading platform that gives you a slew of options, Markets.com is a great choice. The welcome bonuses also add to the package, especially if you are a high volume trader. All this combined makes it one of our top rated forex broker reviews.