Markets.com Review – History and Backgrounds
GFC Markets was founded in 2007 and rebranded to Markets.com before it was aquired by PlayTech PLC back in 2015 for €458 million. Markets.com is now operated under brand and trademark used by Safecap investments Ltd , which is another subsidiary of Playtech
Playtech is a company that develops gambling, investing and financial trading technology that it’s powering their brand products, including Markets.com
Markets.com is regulated in Cyprus and passported throughout Europe under MiFID II, through its CYSEC-registered entity Safecap Investments Ltd. The brand also has an entity, Safecap Investments Limited, which is regulated in South Africa by the FSB as a Financial Services Provider (FSP).
Account opening at Markets.com is very straightforward, it’s a very simple procedure.
Minimum funding requirements
The minimum funding is $/€/£100.
Account opening process
The account opening is very easy. You enter your personal data, financial information, trading experience and a simple test on your financial knowledge
After completing these steps you will be landed on the trading platform of Markets.com, where you can choose from trading on a real or a demo account.
Verifying your account
Verifying your account involves the same procedure as with any other forex broker
You will need to upload a copy of your National ID and a proof of redisdence as an utility bill or a bank statement
Markets.com Deposit and Withdrawal options
As every reputable broker, Markets.com offers a wide list of deposit options , the main options consisting of:
- visa/maestro/mastercard credit cards
- bank wire transfer
If by any chance you will find those major deposit options inconvenient for you, there are also a lot of additional deposit options such as BankLink (SwedBank), eKonto, Fast Bank Transfers (Envoy/WorldPay), Giropay, Ideal, Instant Bank, Mistercash, Multibanco, Przelewy24, Sofort etc.
If you request a withdrawal, Markets.com will refund your initial deposit on the same method you used to fund your account, and the profits withdrawal you can request to recive by other methods, such as wire transfer.
Besides English, Markets.com website is offered in 15 other languages such as Arabic, Dutch, French, German, Italian, Norwegian, Russian, Spanish, Swedish etc.
If you want to contact the support team, it’s available by e-mail, live chat 24 hours 5 days per week.
Markets.com trading products
All the products offered by Markets.com are built on CFDs.
Markets.com offers CFDs on stocks, ETFs, indices, commodities, forex and most recently, even cryptos, such as Bitcoin, Ethereum etc.
As a CFD broker, Markets.com decides which stocks they provide CFDs on. For now, they have a smaller range of stocks you can choose from, such as 200 UK
ETFs and Indices
Markets.com offers 39 ETFs and 27 indices to trade as CFDs, including the largest stock markets and indices like the VIX.
The main commodities are available: gold, oil, copper, silver.
Markets.com has a wide range of 55 currency pairs are available, also some exotic currencies such as EUR/RON or USD/RON
Crypto trading has become very popular, and Markets.com offers CFDs on cryptocurrencies. You can trade with Bitcoin, Dash, Ether, Litecoin and Ripple and you can also trade them against EUR and USD
Is Markets.com regulated?
Yes, as we stated at the beginning of the review, Markets.com is a regulated broker by Cyprus Securities Exchange Commission (CySEC) for the European Markets and by a financial service provider license issued by the South African Financial Services Board, for South Africa
Is Markets.com a scam?
As Markets.com is a regulated broker by CySEC, it means they have to fullfill their contractual obligations to all it’s clients, otherwise clients can file for compensation.
Markets.com also provides SSL protection for an extra safety meassure.
In terms of the services and range of trading assets, Markets.com is a very high ranked broker that are providing very good trading services, that is also friendly for begginers, by allowing them to deposit only 100$ and providing with an easy to use trading platform.
Also the fact that the broker is regulated makes us feel comfortable when choosing Markets.com
*Trading involves high risk
Risk Warning update:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
73% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.