Markets.com is a trading company that a lot of people have been advised to invest with. It is important to know a lot more about a company vefore it is trusted with one’s hard earned money. Market is an online trading platform owned by Safecap Investments Limited. The firm is a registered forex and CFD broker with FCA and the licensing bodies. This review would discuss the history, spreads, trading methods and other things you need to know before you allow them broker for you. Other sites such as forexsouthafrica.org.za have reviews on this broker. Today I want to find out myself, if this company is a good & trustworthy pick for south africans!
Is markets.com a credible trading platform?
The company was formed initially as GFC Markets by Safecap Investments limited, a broker listed on the London Stock Exchange. Market became the online and mobile friendly medium through which trading services were rendered. The company was bought by Playtech, a company very strong financially. The traders on market.com can rest easy that the broker has strong financial backing from a reliable company like Playtech. Market.com operates efficiently with no need for extravagance or stress to the account owners. The traders are also covered by the Investors Compensation Fund Scheme because market.com is registered under CySEC. Efforts of the broker in its trading excellence have been recognized by the Global Banking and Finance Review.
Market.com can operate as a brokerage firm in Europe and some parts of Africa. The operators of market.com are authorised by the Cyprus Securities and Exchange commission and the Financial Services board in South Africa.
Trading platforms and financial instruments
The brokerage firm offer three main types of trading platforms. The company is an online brokerage firm so all trading platforms are web based. The trading platforms employed by market.com include;
·MetaTrader 5: This is the most popular online trading platform. It is preferred by majority of the brokers in the industry because it supports automated trading.
·Marketet WebTrader: This platform was specially designed for traders who want to trade immediately. There are features to provide tips and trading cubes to give all details of the markets.
·Mobile trader: there is a mobile platform available for people on the go. A mobile application sends notifications in real time with any sudden change in market.
There are numerous financial instruments that market.com offer to traders. Asset classes that can be traded with contract differences include forex, stocks, indices, commodities and cryptocurrencies. Fixed or floating spreads are offered by markets.com
Opening an account with markets.com
The minimum amount required to open an account with market.com is $100. There are two other types of trading accounts and these are Islamic account and a demo account. Any of these account can be used to trade up to 300%. A manager is assigned to manage the accounts and account owners meet them to discuss their nvestments. Market analysis, 24 hours customer service us available. The demo account is used by the trader to practice trading skills and strategies without risking money. Clients can withdraw from the accounts easily via bank transfer, debit cards and international funding applications. Withdrawals are processed easily but international transactions may take longer.