MARKETS UK Forex Broker

Markets UK Forex Broker - Complete Information Guide

1. Broker Overview

Markets.com is a prominent online trading platform established in 2008. The broker is operated by Safe Cap Investments Ltd, with its headquarters located at 148 Strovolos Avenue, 2048, Strovolos, P.O. Box 28132, Nicosia, Cyprus. As a subsidiary of Playtech, a publicly traded company listed on the FTSE 250, Markets.com benefits from a solid corporate structure and financial backing.

The primary markets served by Markets.com include retail forex and CFD trading, catering to individual traders and investors globally. With over 2,200 CFD trading tools available, the broker focuses on a diverse clientele, including both novice and experienced traders. The company's growth trajectory has been marked by significant milestones, such as the acquisition by Playtech in 2015, which enhanced its technological capabilities and market reach.

Markets.com operates under a business model that emphasizes retail forex trading and CFD services, allowing clients to trade a wide range of financial instruments, including forex, stocks, indices, commodities, ETFs, bonds, and cryptocurrencies. This expansive offering positions Markets.com as a versatile choice for traders seeking a comprehensive trading experience.

2. Regulatory and Compliance Information

Markets.com is regulated by multiple authorities, which include:

• FCA (UK) - License number: 607305
• ASIC (Australia) - License number: 424008
• CySEC (Cyprus) - License number: 092/08
• FSCA (South Africa) - License number: 43906
• BVI FSC (British Virgin Islands) - License number: SIBA/L/14/1067

The regulatory licenses are valid for providing trading services across multiple jurisdictions, ensuring that Markets.com adheres to strict compliance and operational standards. The broker implements a robust client fund segregation policy, which means that clients' funds are kept separate from the company's operational funds, providing an additional layer of security.

Moreover, Markets.com participates in the Investor Compensation Fund, which offers protection to clients in case of insolvency. The broker adheres to KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance measures, ensuring that all clients undergo identity verification and that suspicious activities are monitored and reported.

3. Trading Products and Services

Markets.com offers an extensive range of trading products, including:

• Forex: Over 65 currency pairs, including major, minor, and exotic pairs.
• CFD Products: Categories include indices, commodities, stocks, ETFs, and cryptocurrencies. The broker provides access to over 2,200 CFDs across various asset classes.
• Special Products: Unique offerings such as themed CFDs and a selection of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.

The broker frequently updates its product offerings, ensuring that clients have access to the latest market opportunities. Retail trading services are at the core of Markets.coms operations, while institutional services are also available, catering to larger clients and investors.

4. Trading Platforms and Technology

Markets.com supports the widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are favored for their advanced charting capabilities and user-friendly interfaces. In addition to these platforms, Markets.com offers its proprietary web trading platform, designed for both desktop and mobile use, facilitating a seamless trading experience.

The mobile trading apps for iOS and Android allow traders to stay connected to the markets and manage their trades on the go. Markets.com operates on an ECN (Electronic Communication Network) model, which enhances execution speed and reduces the potential for slippage. The broker's servers are strategically located to ensure optimal performance and reliability.

For traders interested in automated trading, Markets.com provides API access and supports algorithmic trading through its platforms, allowing users to implement their strategies effectively.

5. Account Types and Trading Conditions

Markets.com offers several account types to cater to different trading needs:

• Standard Account: Minimum deposit of $100, with spreads starting from 2 pips.
• Premium Account: Targeted at more experienced traders, requiring a higher minimum deposit of $20,000.
• Islamic Account: Available for clients adhering to Islamic finance principles, offering swap-free trading options.
• Demo Account: Allows potential clients to practice trading with virtual funds, enabling them to familiarize themselves with the platform without risk.

The leverage offered by Markets.com can go up to 1:300, depending on the asset class. The minimum trade size is set at 0.01, and overnight fees apply to positions held beyond market hours.

6. Fund Management

Markets.com supports various deposit methods, including:

• Bank Transfer
• Credit/Debit Cards
• E-wallets: Such as Neteller, Skrill, and PayPal.

The minimum deposit requirement is $100, and deposits are processed instantly except for bank transfers, which may take 1-3 business days. Markets.com does not charge any deposit fees.

Withdrawals can be made through similar methods, with a typical processing time of 1-2 business days for e-wallets and longer for bank transfers. The broker does not impose withdrawal fees, making it an attractive option for traders looking to manage their funds efficiently.

7. Customer Support and Educational Resources

Markets.com offers extensive customer support through various channels:

• Live Chat
• Email Support
• Phone Support

The support team is available 24/5, covering multiple time zones and providing assistance in several languages, including English, Spanish, and Italian.

In addition to customer support, Markets.com provides a wealth of educational resources, including webinars, tutorials, and market analysis services. Traders can access daily market insights, research reports, and a range of trading tools such as economic calendars and calculators to enhance their trading strategies.

8. Regional Coverage and Restrictions

Markets.com primarily serves clients in the UK and other regions, with a focus on providing a global trading experience. The broker has regional offices in various locations to support its international clientele.

However, certain countries are restricted from accessing Markets.com services, including the United States, New Zealand, Canada, and Japan. This limitation is primarily due to regulatory requirements and the broker's licensing agreements.

In conclusion, Markets.com stands out as a comprehensive trading platform that caters to a diverse range of traders. With its robust regulatory framework, extensive product offerings, and user-friendly platforms, it provides a secure and efficient trading environment for clients looking to engage in forex and CFD trading. As a markets uk broker, it is well-positioned to meet the needs of both novice and experienced traders in the competitive landscape of online trading.