The Forex business can become a very tough playground for beginners and experienced traders alike. The Forex market depends on many variables and global economic movements. Even a relatively small change can affect traders and their investments. The first step in this highly competitive business is finding a brokerage company that has a fair and transparent policy and your interest at heart. Among the many companies competing for customers out there, it is best to side with a Forex trader that has a firm ethics and strict policy.
Why Trade with Markets.com?
While contemplating where to find the best company for you, always start with researching the certified broker companies. The second step is to find a broker certified by a prominent organization or agency. In America, self-regulatory agencies assume the role of the regulator in most cases and in Australia and Europe, the regulators are either independent government bodies or banks like in France, where the Bank of France is entrusted with this task. Once you familiarize yourself with the high standards and requirements broker companies have to meet, you will feel more encouraged to join a broker under the supervision of top regulators. The Markets.com is one of the companies with a decent regulation policy and belongs to the group of more reliable brokers in the global market. They are regulated by CySEC, the prominent and highly-regarded Cyprus regulatory body that is in line with relevant EU Directives and a local South African regulatory organization FSB. This Markets.com review will provide you with all necessary information on the operating policy of this broker and what it is they offer to their clients.
Markets.com is Ideal for Beginners
First of all, as a new trader, you will need a Demo Account for practice. Luckily, Markets.com offers you a Demo Account with unlimited access. Unlike other brokers who often limit the time spend on the practice account, with Markets.com you can decide when the time is right for you to switch to a real account.
- Great broker for beginners in Forex trading
- Free Demo Account available
- No time restrictions on the Demo Account
- $25 no deposit Markets.com bonus available to all
Many brokers require a deposit first; then they offer a bonus. Markets.com, on the other hand, gives you the bonus first, with no commitment. The bonus is $25 worth. All you are required to do is sign up and complete your registration.
Deposits and Withdrawals
The policy of Markets.com is very simple. They do not charge any fees on deposits but you will need to pay attention to your bank-incurred fees, which are out of the control of the Markets.com company. Furthermore, Markets.com covers even your bank fee costs if you deposit $2,500 or more. Withdrawals are as easy as deposits. Simply submit a withdrawal request and you will be paid out via the same method that you used for depositing. The payment methods accepted by Markets.com are wire transfers, credit cards (Visa, Mastercard), Webmoney, Skrill, and local payment methods.
Besides the Welcome Bonus, two other types of bonuses are at disposal as well. Namely, deposit bonuses which strictly depend on how much you deposit, but it is worth to mention that they can go up to $4,000. Secondly, there are pending bonuses based on the volume of your trading, regardless if you win or lose.
Markets.com Trading Platform
The Markets.com offers their self-designed trading platform. It is an online platform where no download is needed, and it is tailored to fit the needs of customers, backed by powerful software.The Markets.com mobile app is also house-made and is available on Google Play and the Apple Store. You can download the app for free to your Android, iPhone, and iOS devices.
Currency Pairs on Offer at Markets.com
Markets.com has more than 50 currency pairs available to be traded. Of course, they include all major as well as some exotic currency pairs. They offer fixed spread pips which reduces the risk of losing your investments. Markets.com offers fixed spreads of 1.7 pips for the following currency pairs: EUR/USD, USD/JPY, GBP/USD. Another advantage worth mentioning is that they do not charge commissions on the spreads. The leverage they offer is 1:200 and gives you the opportunity to trade large positions even if you deposit a small amount of capital. Of course, leverage can go in both directions: it can either help you win big time, or it can drag you down and leave you indebted. It is highly recommended to get advice from an expert on leverage.
Customer Support System
The customer support system and staff have become very important in the Forex world. With a lot of confused new traders who need assistance to get through the procedure of registration, depositing, and withdrawing, a patient and competent employee should be at the other side to offer them support at every step of their way.
- Customer support available 24/5
- Live Chat feature exists for urgent queries
- Other means of communication include email and phone
Markets.com offers a service that is available 24/5 and is happy to help with any problem or issue that arises. Feel free to contact them via email, live chat, and email.