Honest Markets.com Review
Markets.com is an international Cryptocurrency broker formed in 2006. They are licensed and regulated by the CySEC in Cyprus, as well as by the European market regulator, MiFID. In 2012 Markets.com received the “Best Customer Service 2012” award at the London Investor Forex Show. They are also advertising partners with the economic news powerhouse, Bloomberg.com, and have had partnerships with Arsenal F.C. football club. Here are some of the key features and attributes that help make Markets.com a globally renowned Cryptocurrency trading broker.
Accounts and Features
It only takes a $100 deposit to create an account at Markets.com, where they offer generously tight spreads and up to 5:1 leverage. Their trad-able assets include almost all types of major Cryptocurrency. Also, in total, Markets.com has over 1,900 tradable CFD’s across all assets. One feature make makes Markets.com stand out is their commission-free trading, and not only that, no fees! Typically when a broker offers zero commission trading, they have to compensate by having huge price spreads. But not Markets.com, whose spreads average around 1.7 pips for major cryptocurrency pairs.
Markets.com leverage structure is as follows:
- Cryptocurrency 1:5
- Forex – 200:1
- Commodities – 100:1
- Stocks – 20:1
With this type of leverage, a deposit of $5,000 can allow traders to hold trading positions worth $25,000.
Markets.com offers 3 different trading platform options. This includes desktop, mobile or tablet trading platform. Each platform comes with its own benefits. The globally popular Meta Trader 4 differs from its Multi-Terminal counterpart in that the Multi-Terminal version makes it much easier to monitor and execute multiple trades at once, which is perfect for scalpers and intraday traders. Sirix Web Trader is a web-based trading platform that, unlike many trading platforms, utilizes the simplicity of HTML5 coding, which makes the platform lightweight, easy to navigate, straightforward, and never experiences lag time. Sirix is a simple trading platform that serves as the perfect alternative to bulkier trading systems. The Market Mobile Trader platform is the perfect way to manage and execute trades on the go. Built for iOS and Android phones, this trading app is comes with up to 20 different technical indicators, has a clean interface, and all-in-all is a much easier way to see what’s going on in the financial markets while you’re in your car, office, or lounging on the beach.