Markets.com Review 2018m
The rise of cryptocurrency has been one of the most exciting developments to happen to the financial world. With more and more people buying Bitcoin and alternatives like Ethereum, Litecoin and Dash, we have undertaken exchange reviews to examine the trading options available to both experienced traders and beginners.
Our review of eToro outlines how our chosen platform is a strong performer in this area, but Markets.com has also emerged to offer an award-winning CFD platform and also the option of trading on a number of leading assets. In this Markets.com review we have taken an in-depth look into the key things you need to know about the website, from the range of payment methods it offers to how it compares to one of the biggest names in the cryptocurrency trading world.
Scroll down to take a look at our Markets.com review and see how it compares to other options, as well as our in-depth analysis of whether the site will help you take your investment in cryptocurrencies to a whole new level.
Markets.com quick facts
Overall score: 4 out of 5 starsOffers: Bitcoin, Ripple, Dash, Bitcoin Cash, Litecoin and EthereumMinimum deposit: $/£/€100Fees: No deposit or withdrawal feesRegulated: Regulated by the CySEC and authorised by the Financial Sector Conduct Authority in South AfricaPayment methods: Payment methods include credit card, wire transfer, PayPal, Neteller, Skrill, Envoy, WorldPay, Ideal, Sofort, Giropay Main benefits: range of investment options, easy registration, no add-on fees, 1000s of free real-time quotes
How we reviewed Markets.com
Our Markets.com review has been created to provide a comprehensive overview of the platform. We have put this guide together in line with our standard format used across all of our broker exchange reviews.
In this Markets.com review we have examined a range of key issues related to the website and its trading platform, including offering an analysis of its choice of cryptocurrencies. The conclusions of this Markets.com review are also based on a look at other key issues, such as the general fees which are charged on deposits, the availability of apps and the level of customer support which is provided.
Security is of course an essential part of investing in this space, so this Markets.com review also takes a look at the steps the website has taken to ensure that your deposits and funds are always kept safe.
If we are going to create a comprehensive Markets.com review, we need to start at the very beginning and examine the basics related to the site. Markets.com is an online trading platform which is operated by Cyprus-based Safecap Investments Ltd, which itself is a subsidiary of Playtech PLC.
Established in 2008, the website offers trading across more than 2,000 assets and allows its clients to make deposits through the use of a range of payment options. As well as focusing on trading stocks, indices, forex and commodities, it also offers the opportunity to get involved in several cryptocurrencies listed on our altcoin hub from Bitcoin Futures and Ripple to Dash and Ethereum.
If you were already aware of the company before reading this Markets.com review, it may be due to its partnership with the Premier League football club Arsenal. The organisation is the Official Forex, CFD and Binary Trading Partner of the North London team, with the link between the pair first being established back in 2014. The current deal on the partnership, which includes branding at fixtures played at the team’s Emirates Stadium, is expected to run until 2019.
Regulation & Safety
When it comes to trading in cryptocurrency or other financial areas, safety and security is understandably a major priority. This is why it is only right that this Markets.com review looks into such issues.
Markets.com’s operator, Safecap Investments Ltd, is authorised to operate by the Cyprus Securities and Exchange Commission (CySEC). Furthermore the organisation is also authorised as a financial services provider by the Financial Sector Conduct Authority in South Africa.
This brand prides itself on privacy and security with the Markets.com website emphasising how the platform is secure both in its web and mobile format. The site also operates an Enhanced Verification process, which means it carries out ‘enhanced due diligence’ on clients in order to ensure it is meeting regulatory requirements.
It is important to stress in this Markets.com review that a range of documents are required to verify your trading account, from general proof of identification and residence to a proof of phone number and bank confirmation letter. Payment methods must also be verified, as the site aims to ensure that its service remains as secure as possible.
If you’re looking to trade in relation to stocks or cryptocurrencies, Markets.com impressively does not charge a fee for any deposits. However, the site does emphasise that users should be aware that additional charges could be incurred with their payment service of choice, when they buy Bitcoin, buy Ethereum or any other asset on the site. Despite that, the platform even offers to reimburse any transaction charges incurred by clients who deposit more than $2,500.
Furthermore, it is important to stress that there are no Markets.com withdrawal fees, but again users should be aware that their banks or other financial services providers may charge additional fees.
Whether you’re looking to get involved in Markets.com trading for Litecoin, Bitcoin or even Ethereum to boost the size of your cryptocurrency wallets, the website offers an array of payment methods designed to meet every client’s needs.
The main payment methods which are accepted for Markets.com trading include credit card, wire transfer, PayPal payments, Neteller and Skrill. In addition, the website offers additional options including Fast Bank Transfers on services like Envoy and WorldPay, as well as Ideal, Sofort, Giropay and Multibanco. Quite simply, Markets.com should have you covered however you choose to deposit your funds.
As we’ve already mentioned in this review, you do not need to worry about any Markets.com fees when depositing funds, but it is worth remembering that the speed at which funds appear in an account can vary depending on the method you choose to use. For example, while credit or debit cards can take around 24 hours to process, a wire transfer may in comparison take up to two business days. It is worth bearing all this in mind as you plan a deposit.
Any Markets.com review simply would not be complete without examining the customer support services which the trading platform offers.
One area where the site excels is with its largely comprehensive FAQ section which covers off a range of key points, from the logistics around withdrawals and deposits to essential information on account verification and cryptocurrencies like Bitcoin and Ethereum.
In addition, clients can also get in touch regarding their Markets.com trading by completing a query form on the website or using the live chat function on the site. While both services are easily accessible, it is worth noting that both support options are only offered 24 hours a day across five days a week.
One thing we were impressed by when preparing this Markets.com review is how the website has taken steps to speak your language and ensure you can buy cryptocurrency easily. The trading platform caters for clients who are fluent in a range of languages from English to the likes of Arabic, Russian and Greek.
It is also worth noting that orders related to your activity do not only have to be made via the app or website. Markets.com also operates a trading desk which is contactable via phone, although that service is only available in English.
Unique features & Trading Platform
One of the real strengths we found when writing up this Markets.com review is that users of the platform can comfortably see information and key data related to a range of different areas, with the service offering trading across more than 2,000 different assets at a simple touch of a button.
This means it is straightforward for those with interests in cryptocurrency, shares or forex to quickly and easily navigate between the different areas and track any progress that is being made.
In addition, this Markets.com review has to cover off the fact that the website is available via Web Trader, as well as on an app available through Google Play and Apple’s App Store. This means a range of different platforms are supported so it is very easy for you to log in and access key financial information no matter where you happen to be in the world.
How does Markets.com compare to eToro?
When all aspects of this Markets.com review are considered, it is fair to say that the website would undoubtedly provide a strong level of client experience, offering a wide range of payment methods and allowing customers to easily track markets related to shares and cryptocurrency whether they are using a laptop, smartphone or tablet. Thousands of free real-time quotes and zero commission may also make Markets.com an attractive proposition. However, our preferred broker exchange, eToro, arguably still has the upper hand in several key areas.
The social trading aspect explained in our eToro review and the ability to use CopyTrader to adopt the trading performance of other, more experienced, traders is a neat tool which means that site provides a solid introduction to this world. In addition, the ability to actively connect to other traders and discuss their trading strategies is not something that appears to be available when Markets.com trading.
Moreover, although both platforms operate under CySEC, eToro is registered with the UK’s FCA. When such issues are considered, it is safe to say that while this Markets.com review shows that the site offers an effective platform, the eToro site still has the edge when it comes to providing the best trading solution for those with interests in cryptocurrency and much more.
– Head to the Markets.com website- Click ‘Register’ in the top right-hand corner of the homepage- Input your email address and chosen password- Add further personal information including trading experience- Get started with Markets.com trading
– Zero commission- Range of payment methods from traditional banking to PayPal- Quality apps mean you can trade while on the move- Trading across 2,000 assets, including cryptocurrencies – Free real time quotes
– No social trading functions- Customer support is not 24/7
Is Markets.com a good place to buy cryptocurrencies?
As our Markets.com review highlights, the platform operated by SafeCap Investments Ltd is a functional and effective tool for getting involved not just in the trading of cryptocurrencies.
With no fees charged on either withdrawals or deposits, and with free real time quotes, the platform also offers a range of recognisable and popular payment methods from traditional banking options to the likes of PayPal and Neteller.
These features which were examined in this Markets.com review are a strong part of the cryptocurrency trading tool, although it could still be argued that some minor improvements may be required if the platform is to become an absolutely vital player in the world.
The social trading aspect outlined on our eToro review is a key reason why that platform has become so hugely popular in recent years for activity around cryptocurrency. By adding and developing such options, Markets.com could take steps towards becoming a major rival to the service that has already been named our top broker for 2018. At the moment, though, eToro remains our top recommendation.