Markets.com is a Forex broker owned and operated 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. Their email for general inquiries is firstname.lastname@example.org.
For investor complaints and withdrawal problems, read this.
MarketsX Platform Review
Their list of available assets for CFD 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 MarketsX 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, depending on which jurisdiction you are a resident of. 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 $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. During our review we see that MarketsX is a licensed and regulated broker in multiple countries.
- TradeTech Alpha Limited (“TTA”) is licensed by the FCA, reg number 607305. United Kingdom location is: 20 Primrose Street, 11th Floor, Broadgate Tower, London, England, EC2A 2EW.
- Tradetech Markets (Australia) Pty Ltd is licensed and regulated by ASIC license number 424008. Address is: Level 32, 200 George Street, Sydney NSW 2000, Australia.
- In Europe they are operated by Safecap Investments Limited, which is a regulated investment services firm, authorized by the Cyprus Securities and Exchange Commission (“CySEC”) under license number 092/08.
- Tradetech Markets (South Africa) Pty Ltd. is licensed by the Financial Sector Conduct Authority (“FSCA”) in South Africa, under license number 46860, 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)”.
*Trading CFDs carries considerable risk of capital loss
Compare Brokers With MarketsX
Traders should always compare their broker with other forex brokers here.
You should see their unique easy to use trading platform, which is very popular, see here.