Is Markets.com the best FX broker in UK?
Markets.com is an online foreign exchange or Forex broker that offers huge mixture of Forex trading. They have 47 pairs to trade. They also offers many varying CFD markets that permits the traders to be involved in other stock markets items such as oil, silver, gold, corn, sugar, soybeans or wheat. Markets.com has18 indices coming from all over the world that can be used for trading and in addition to that, they have lots of stocks around the world. This makes markets.com a very suitable and robust online trading solution for beginners to expert traders all around the world. One of the disadvantages of this online trading broker is that it does not accept clients from the United States.
One of the important factors in most online Forex or FX brokers is their trading platforms suited for all levels of traders. It must be dynamic, easy to understand and flexible.
When talking about flexibility, the Markets.com is one of the leading online brokerage solutions with their eight different and one of a kind trading platforms. These eight trading platforms are explained in details and they will guide every traders every step of the way. These platforms are the ActForex, Mobile Applications, Market Java Trader, Market Web Trader, Market Trader and MetaTrader4.
The leverage of using this online brokerage is 200:1 with the minimum deposit of $100 before you can start trading to any of these trading platforms. Markets.com is a CFD type of broker.
Trading Accounts Types and Bonuses
Markets.com offers three trading account types: Mini, standard and VIP Accounts. The mini account needs minimum of $100 in initial/starting deposit and traders will receive welcome bonus of as much as $250. The standard account needs initial deposit of $2500 as the minimum with considerable higher welcome bonus of as much as $2000. The VIP account needs initial deposit of $20,000 to trade and the great things about this account is that they will receive update in the FX and stock market and Forex signals.
Markets.com has fixed spreads starting from three pips for the main currency. Traders have the selection in trading with the spreads that floats. This is accomplished through requesting the account manager to make a switch from the fixed spread to the floating status of the spread.
The Markets.com has its main office located in Cyprus and their official broker name is Safecap Investments Limited. This online brokerage form started in 2009 and is regulated by FSA, MiFID and CySEC.
Markets.com’s customer service supports multiple languages and they have 25 local telephone numbers for their traders. They can be reached through phone and email 24 hours a day during business days.
As CFD broker, Markets.com provides traders (novice and experts) with comprehensive Forex trading tools in the major currencies of the world. Their trading platforms are carefully thought out to help traders.
In addition, markets.com also offers trading solutions or popular market items like oil, gold and silver and other indices from all over the world. However, FX updates is only given to those with VIP trading account and those with mini and standard accounts will have to do their own job in studying the FX trends.