Markets.com Crypto-Trading Review

The international Forex and CFDs broker, Markets.com is operated by Safecap. Playtech PLC is the mother company of Safecap and is traded on the London Stock Exchange’s Main Market. It is also a constituent of the FTSE 250 Index. Markets.com, regulated by CySEC (Cyprus Securities and Exchange Commission) has been permitted by Financial Services Board (FSB) of South Africa to operate in the country.

 

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Note: Your capital is at risk

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About Markets.com

The international Forex and CFDs broker, Markets.com is operated by Safecap. Playtech PLC is the mother company of Safecap and is traded on the London Stock Exchange’s Main Market. It is also a constituent of the FTSE 250 Index. Markets.com, regulated by CySEC (Cyprus Securities and Exchange Commission) has been permitted by Financial Services Board (FSB) of South Africa to operate in the country. The online broker offers Forex trading and CFD trading on stocks, indices, commodities as well as cryptocurrencies. Markets.com had first incorporated Bitcoin (BTC) as an instrument in 2013. Currently, the brokerage website also offers CFDs on other cryptocurrencies like Litecoin, Ethereum, Ripple and DASH.

 

Account Types

Markets.com offers a demo account and three variations of live trading account. When opening a Classic trading account, the user will have to make a deposit of at least $100. But, if s/he opens a Standard trading account, the minimum deposit will be $2500. For Premium trading account, the minimum deposit is $20,000. The Muslim traders do not need to worry about breaking the Sharia laws as Markets.com offers swap free accounts that support interest-free trading.

 

Trading Platform

The trading platform offered by Markets.com can be used through web, tablet and mobile (both Android and iOS). The trading platform comes with many unique and advanced features that help their clients while trading Crypto CFDs. The traders can shortlist their preferred trading instruments such that they can easily access them and at the same can use the technical charts offered by the platform to create a strong trading strategy. The trading platform of Markets.com has an interactive UI/UX interface where their clients can access the features easily. The platform also offers several technical analysis tools and indicators. As the cryptocurrency market is highly volatile, the trading platform of Markets.com offers risk management tools like Stop Loss and Take Profit to the Crypto CFD traders.

 

Demo Account

The demo account is an essential feature that every broker must provide irrespective of the instruments they offer. Markets.com has built their demo account by keeping the neophytes in mind. The broker website offers live market situations for trading crypto CFDs. Their clients have unlimited access to the demo account such that they can also test a strategy in a particular market situation. The inexperienced trader will be mostly benefited as they will be able to have a real market experience in Crypto CFDs trading without having to risk any capital.

 

Education

There is a separate section labelled “Education” on the Markets.com website. The broker conducts webinars on Forex trading, Crypto CFDs and other CFDs trading. It is a good opportunity for both the beginner and the veteran traders as they can meet through the webinars and discus various issues of trading cryptocurrencies. Markets.com keeps the traders updated regarding various news related to trading and also provides weekly reviews like Bitcoin Weekly Review. A trader, after all, has to know about the latest trends in the market to speculate and open or close a position. In fact, along with technical analysis, fundamental analysis is required to form a strong trading strategy. Markets.com guides the traders such that they make the most of trading Crypto CFDs.

 

Support

Markets.com offers a 24x5 customer support team and the methods of contacting them include live chat and direct call at their support line. The potential client or the user can simply visit the “Contact Us” page on Markets.com and then post their query or complaint there. They will have to provide email address, their name, contact number and then choose the type of query, provide a title and describe the issue. The support team will contact the client as soon as the complaint or query has been posted. Queries are usually resolved within 48 hours but a formal complaint can take up to 2 months.

 

Deposit and Withdrawals

Markets.com accepts the following payment mediums:

• Credit card
• Wire transfer
• PayPal
• Neteller
• Skrill
• Giropay
• Ideal
• Sofort
• Multibanco

 

Withdrawal option can be selected from the “Menu” displayed on the right hand corner of the screen. The user can also send a withdrawal request from the mobile app. Before the withdrawal process has been approved, the user account needs to go through a complete verification process. The withdrawal medium is same as the payment method selected by the user while depositing money. They do not charge any withdrawal fees.

 

Available Cryptocurrency Assets

Assets: Bitcoin, DASH, Ethereum, Ripple, Litecoin, Bitcoin Futures

Maximum Leverage: x5 (T&Cs apply)

Spreads: 0.03 to 140.00. The spreads may vary due to market conditions and the volatile nature of the cryptocurrency market.

 

Trading Conditions

The traders can trade Crypto CFDs on Markets.com all day, all week. However, due to system maintenance there may be interruptions during trading on Sundays. Their clients can trade Bitcoin Futures from Sunday 23:00 GMT to Friday 22:00 GMT (with a daily break from 22:00 to 23:00). With Markets.com, the trader does not need to set up a cryptocurrency wallet to trade on Crypto CFDs. Moreover, they do not charge any commission on cryptocurrency trades.

Minimum deposit at Markets.com for Crypto CFD trading is $100. The exposure limit for a trading account is set at $2000 when trading CFDs with cryptocurrencies being the underlying instrument. However, this limit is not applicable for Bitcoin Futures. The exposure limit is applied by the broker so as to prevent the traders from taking an unnecessary risk. The users are not allowed to open a new position if they have reached the exposure limit.

 

Frequently Asked Questions

1. Is Markets.com a scam?

No, Markets.com is regulated by CySEC and FSB and arduously follows their norms. They offer instruments like Bitcoin, Ripple, Litecoin, DASH and Ethereum to their clients to trade on.

2. What is the minimum deposit amount?

The minimum amount that a trader has to deposit is $100.

3. Does Markets.com charge fees or commissions for withdrawal?

No, Markets.com does not charge any withdrawal fees.

4. What is the source of income for Markets.com?

. Markets.com earns from the tighter spreads that are applied on each trade. The traders can choose from fixed and floating spreads.

5. What is the maximum leverage for Crypto CFDs?

The maximum leverage for Crypto CFDs is x5. (T&Cs apply)

 

Conclusion

Markets.com is regulated by CySEC and FSB, and offers various trading indicators, signals and technical analysis tools for the understanding and interpretation of a market situation for the Crypto CFD traders. They understand how risky trading can be and thus have options like Stop Loss and Take Profit to do risk management. Their priority is to enhance their clients’ trading experience such that they make more profits. Holistically speaking, Markets.com offers many opportunities to their clients to have a profitable Crypto CFDs trading experience.

Note: Your capital is at risk