Rating Index
Pros
Regulated by multiple financial authorities, including FCA and ASIC, providing a secure trading environment.
Offers a wide range of over 2,200 tradable assets, including forex, commodities, stocks, and cryptocurrencies.
User-friendly proprietary trading platforms (Marketsx and Marketsi) alongside support for MetaTrader 4 and 5, catering to various trading styles.
Cons
Higher spreads compared to some competitors, which may affect profitability for frequent traders.
Account inactivity fees apply after 90 days of inactivity, which may be a drawback for less active traders.
Limited leverage options for retail clients in certain jurisdictions due to regulatory restrictions, which can limit trading potential.
Markets.com broker Accounts
Markets.com Account Type
Markets.com offers a variety of account types to cater to different trading needs:
- Classic Account:
- Minimum Deposit: $100
- Leverage: Up to 1:300
- Spreads: From 0.6 pips
- Suitable for both beginners and experienced traders.
- Premium Account:
- Minimum Deposit: $20,000
- Leverage: Up to 1:100
- Offers advanced trading features and tools for experienced traders.
- Professional Account:
- Designed for high-volume traders.
- Requires a minimum deposit of $500,000.
- Higher leverage options available.
- Islamic Account:
- Swap-free account for Muslim traders, complying with Sharia law.
- Available under the same conditions as the Classic Account.
- Demo Account:
- Allows traders to practice with virtual funds.
- Ideal for beginners to familiarize themselves with the trading platform.
Markets.com also provides joint and corporate accounts for collaborative trading.
Markets.com Broker Account Opening Process
Opening an account with Markets.com is a straightforward process:
Visit the Website: Go to the Markets.com homepage and click on the "Sign Up" button.
Fill Out Registration Form: Provide your personal details, including your name, email, and phone number.
Choose Account Type: Select the type of account you wish to open (Classic, Premium, Professional, Islamic, or Demo).
Verify Identity: Upload documents to verify your identity and residency, such as a passport or utility bill.
Complete the Trading Experience Survey: Answer questions regarding your trading experience.
Fund Your Account: After verification, make a minimum deposit of $100 to start trading.
Start Trading: Once your account is funded, you can begin trading on the platform.
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