|Website||Rating||Popularity||Min Deposit||Regulator||EUR/USD spread|
This is another brokerage company that can impress you by its domain name from the very first minute. But is this brokerage as shiny as its domain? Let’s take a look at our detailed investigation.
Markets brief history
Currently known as Markets.com, the broker used to be called GFC Markets until 2010. It is now owned by Safecap Investments Ltd, a CySEC and FSB (South Africa) regulated company, which consequently belongs to the financial division of Playtech PLC. The later is one of the largest iGaming and investment companies that is composed of various technology and retail brands. This gives us an idea that Markets is not a brokerage that can be gone one day as there is a significant financial backbone behind the company.
While there can be some negative markets.com reviews, it is clear that any brokerage that operates for such a long period would have some unsatisfied clients. In our test the broker has passed the background check.
Markets operational changes
Before Playtech’s acquisition of markets.com in 2014, the company had been known for its aggressive sales tactics which were mostly coming from the Introducing Brokers. However, since the iGaming giant has purchased the company, the internal policies and the general operating model has changed quite a lot. Markets.com got rid of most of its sales staff and now relies on various automated tools. So we can also conclude that the company is going in the right direction.
Markets.com trading software
Previously the company has been offering trading through MetaTrader 4 and SIRIX platforms, but this has been changed too. Even though Markets tells on its website that MT4 accounts are still available, it might be pretty hard to find this option. Well, during this investigation we were not able to login into MT4 account with Markets.com at all.
Similar to other industry leaders, Markets.com is now focused on the provision of the comfortable web trading application that is intuitive and easy to use.
The demo registration is very fast and easy, you are only required to enter you email and password. There is also no email verification, so you can get hands-on experience without any hesitation.
Markets.com conditions and available assets
This broker offers some average market conditions. The spreads on EUR/USD are about 2 pips on average. In total there are around 50 currency pairs on the offer and they are comfortable broken into Majors, Minors and Exotic within the platform.
While Markets.com claims to offer cryptocurrency trading, it is only possible to trade Bitcoin futures with this broker.
What does Markets.com remind us of?
Essentially, when writing this review we can to one simple conclusion. Markets.com seems to adopt the Plus500 model and it copies it in all the possible ways.
It has introduced a web trading software that contains the same User Experience and nearly the same features. Well, we are referring to an older Plus500 platform, not the current one. The trading conditions are quite the same too, but the variary of the trading instruments is quite weak when compared to Plus500.
What is our verdict?
Markets.com seems to be just an average broker that provides quite similar features to Plus500. Unlike the latter, Markets.com holds an FSB license from the South African, hence it can be a good choice for the traders from this region. It is also a great option for those who want to start trading various instruments on a demo account rather quickly. However, if you are looking for a professional brokerage that offers superior conditions and the software – there are way better choices.