Markets.com is a brand and trademark used by Safecap Investments Limited. This Forex broker is located at: 148 Strovolos Avenue, 2048 Strovolos, P.O.Box 28132, Nicosia, Cyprus. Their trading desk can be reached at: +357-2-203-0583. See here for local phone numbers.
Markets.com Platform Review
Their list of available assets for trading includes many Forex Pairs, Bitcoin, Commodities (oil, gold silver), Indices (majors and minors including: Spain35, Sweden30, Amsterdam25, MICEX, FTSE Italy, STOXX50 and more) and stocks. See complete list here.
Traders can use Markets Web Trader, and the Markets app. They have a nice HTML5, mobile optimized site that works on all mobile devices. Leverage is up to 300 times. Which is what many Forex traders are looking for, but don’t forget, using leverage is very risky.
Minimum Deposit for a new trading account is now only $100, see here.
Markets License & Regulations
When you review a Forex / CFD Broker it is important to verify that they are a legal and regulated company. There are many online scams that look like real brokers.
Markets.com is a licensed and regulated broker. During our review we see that they are operated by Safecap Investments Limited (“Safecap”), which a regulated investment services firm. Authorized by the Cyprus Securities and Exchange Commission (“CySEC”) under license no. 092/08, and by the Financial Services Board (“FSB”) in South Africa as a Financial Services Provider under license no. 43906, look here.
The main reason why Forex Traders choose to open an account with a licensed & regulated broker, instead of a scam Forex broker is this quote from their website. “Retail client funds are insured by the Investor Compensation Fund for Customers of Cypriot Investment Firms (up to €20,000 per client)”.
Traders should always compare their broker with other forex brokers here.