Best Binary Options Broker 2020!
Perfect For Beginners!
Free Demo Account!
Free Trading Education!
Get Your Sign-Up Bonus Now!
Good Choice For Experienced Traders! 2nd place in the ranking!
Umarkets Review – is umarkets.com scam or good forex broker?
RECOMMENDED FOREX BROKERS
Trading Accounts & Conditions
Umarkets offers several forex trading account types, based on the minimum initial deposit, as well as an ECN one (there isn’t much information about it). All of them, except the ECN one, offer commission-free trading and both fixed and variable spreads, depending on the trading platform. The web-based MT4 provides fixed spreads, while the desktop version offers variable ones.
In addition, there are Islamic (swap-free) accounts that do not involve any interest/swap charges on overnight positions. Unfortunately, micro lots are not available for trade.
The minimum initial deposit required to open an account with this broker is $500, which we find too high for an offshore brokerage. Not to mention, that it provides access to pretty high spreads – both fixed and variable ones are above 2 pips for the EUR/USD pair. There are a bunch of brokers, regulated in reputable EU jurisdictions which require smaller minimum initial deposits (or none at al)l and offer spreads within the range of 1.0 – 1.5 pips. For further information, look up the real-time spreads of 15 leading brokers here.
No wonder they seem desperate for new customers and try to get the phone number of anyone who visits their website. The combination of light regulation (and consumer protection) and high cost of trading is hardly a successful one.
The Company. Security of Funds
Maxi Services (Belize) Ltd.
Umarkets offers trading in wide range of currency pairs, indices, shares and commodities CFDs on the popular MetaTrader 4 (MT4) platform.
The company behind the Umarkets brand is Maxi Services (Belize) Ltd. It was established in 2020 and is licensed by the Belize International Financial Services Commission (IFSC).
Belize is a popular offshore financial hub, where the licensing requirements are looser compared to other jurisdictions, however, its regulation regime is tighter compared to the Seychelles or Saint Vincent and the Grenadines. As of the end of 2020 and the beginning of 2020, the IFSC increased the initial minimum capital requirement for financial and commodity-based derivatives brokers from $100,000 to $500,000. Besides, the commission also increased the annual license fee from $5,000 to $25,000.
Umarkets is also a member of the Russian Banks Association (RBA) and Russian Regional Banks Association (RRBA).
Nonetheless, we generally advise traders to avoid offshore companies, including Belize-based ones, and to invest with brokers regulated by reliable authorities such as UK’s FCA, or Australia’s ASIC, for example.
Like most brokers, this one also supports MetaTrader 4 (MT4), available in all forms and shapes: desktop, web, and mobile apps.
Best Binary Options Broker 2020!
Perfect For Beginners!
Free Demo Account!
Free Trading Education!
Get Your Sign-Up Bonus Now!
Good Choice For Experienced Traders! 2nd place in the ranking!
MT4 is a reliable platform used by hundreds of brokers and preferred by most traders, as it is easy to use and offers all a trader needs: a number of technical indicators, extensive back-testing options, advanced charting package, and wide range of Expert Advisors (EA), allowing clients to fully automate their trades.
Umarkets offers a 30% on deposit welcome bonus. In order to withdraw it, traders also have to meet certain trading volume criteria.
Methods of Payment
Umarkets offers its clients the following payment modes: credit/debit card (Visa, MasterCard), bank wire transfer, and e-wallets Neteller and CashU.
Umarkets is an offshore broker that provides online trading services in forex and various CFDs on the popular MT4 under reasonable conditions. Here are, in a nutshell, the pros and cons of Umarkets:
|MT4 available||Light regulation|
|Bonuses offered||High spreads|
|High initial deposit required|
|No choice of trading platforms, no micro lots|
FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.
Traders` reviews for Umarkets
Avoid at all costs. Scammers who will take your money.
uMarkets is a bad. i lost $20k i a month
I NEED HELP. I’ve lost >20k. uMarkets keeps on calling me late last year trying convince me to invest. Unfortunately they got me to invest little at first $450 via credit card. My trades are quite ok and they convinced me to invest bigger $10k to get 100% bonus and 50% profit guaranteed. The new transaction they asked me to use ABRA so that according to them is easy to move and no limits for transaction. So I will take my money from the bank, deposit to ABRA and then transfer to them. I did it 3x.
Eventually my trades get in trouble and they asked me to send more money to keep the account afloat and will not close trade. They used block/unblock and wait for my money to re-open the account. That is another $5k for block/unblock. Before that, i sent $5k to fund a second account that they assign to me earlier. So the total then was $20,450.00. Just on Friday (Jan.24), i was forced to send the $5k required to unblock the 1st account because the market is going to move according to me expert. When we managed re-open, the expert gave me instructions to close the lock deal and open a new trade (BUY). He told me to hold other trades, which initially i suggested to close to be safe. Since they are the expert, i followed. Everything went downhill and that night (Friday and continued til market open on Monday), i am loosing big time and i cannot recover. I just watched my equity to shrink until there is no more to make a lock. My 2nd account closed deals automatically (-$5 equity) and the 1st went to almost zero ($
300). i was forced to close everything. My expert don’t even want to look at my account. I sent texts to support and they pass my texts to my expert. When everything is done, his solution is for me to send additional funds, which i don’t have. These guys only want your money and they are scumbags.. I sent several emails to uMarkets and they are just ignoring me. VERY BAD PEOPLE .
I have sent several emails to them asking my money back because they did not do what they have promised, that i will be successful, to take care on my account, give me the right signals, do trade for me to ensure positive results. i signed agreement to allow my experts to trade for me, use my account.. obviously i am a newbie and i need their expertise.
They did not explain several things at beginning, 1) there is 200 million lots i need to make before i need to do before i am released from the bonus scheme. 2) the deals have expiration. this is critical if i want to wait for rebound, 3) the spread is too big. most of the deals are difficult to get to positive PL. mostly will be negative.. and what i noticed, it is slow to get to positive and so fast to have negative PL. It seems they manipulate it. I really doubt their program. It is pro-uMarkets. I think they want you to loose to invest more MONEY and IF NOT, so that they NO NEED TO pay in case you withdraw. Because no more money to withdraw.
Please note of these people, Dan Lopez, the guy that always calls me for recruitment. After recruitment, they assigned me to “Philip Morgan”, after he was able to get me to invest $10k giving me guarantees and promises, then suddenly “Jeffrey O’Brien” comes it. Then that is the start on the inevitable. I lost everything.
I hope somebody will help me to recover my funds. I am willing to give $7,500 of the $20k, when i got them all back successfully. I NEED HELP.
I pray uMarkets to become successful to that in case they have heart, they will return my money. To remember to return my money.
I was trying to widraw my remaining money to my umarket accnt in the amount of 1400tw dollar and the remaining 2500tw pkus i will return to the company but my mentor in the name of mechelle andrada and mike castro but until now they had no reply regarding to my concern. i hope that the admin of umarket will have a reply regarding to my problem..
Webinar Trading Schedule with U Markest
I was very disappointed with the promise of Umarkets to assigned me a mentor for my trading seminar. After I deposited my money for the trading account they had no contacted me as frequent when they are still convincing me to deposit for my trading account with U markets. Two weeks already had passed but the mentor assigned to me in the name of Mike Castro did not contacted me anymore. Also the account specialist in the name of Howard Piralta also no did not also reply to my e-mails.
I am now planning to withdraw my money.
Do not invest in UMarkets. It is a scam
It is so difficult to withdraw your money from umarkets. They require higher initial investments, say $500 but they are so tight in withdrawing the money you have invested.
Conclusion : Investing in Umarkets broker or in offshore brokers is highly risky. base on my experienced I suggest do not invest in Umarkets.
Be able to read the terms
Seems like some people register without reading terms, and then still complain. Can you people read? All the terms can be found on the Umarkets website. Everything is available for free. And if you don’t trade you have to pay for the account maintenance. These are the usual conditions for all brokers, regardless of their regulation.
be careful when choosing a broker
I’m actually expecting that we will start on training but like what i said they never call again. Umarkets never answer my email it sucks and frustrating..
At first they did not let me read the terms and condition they just convinced me to open an account so i did. well that’s one of my biggest mistake because i never try to do a research before i open an account that’s the reason why i did not find out that the company is an offshore company, not regulated and the broker might be not licensed or not professional broker who just want to earn money from the lost of their clients or traders..
Now I’m looking forward to withdraw my money hope they allow me if they did not allow me well i’ll going to do what ever it takes to get my money back like what the other trader did to get their money from the company.
I’m actually interested in trading but not in scammer trading company..SO LESSON LEARN BEFORE I OPEN A TRADING ACCOUNT I NEED TO CHOOSE A GOOD/LICENSED BROKER THAT WILL HELP ME EXECUTING GOOD TRADE..
DAMN IT I FEEL BAD.
Well you if you just know Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.
MAKE SURE THAT TRADING IS FOR YOU. do some research
Mi dinero depositando
No encuentro a Judith samba y a su empresa les deposite $ 2,000 pesos mexicanos y no tengo respuesta decesta empresa y quiero recuperar mi dineto que hago?, con quien hablo, a donde tengo q cintactarme soy de Mexico, espero su ayuda saludos. Y gracias.
Translated by Google:
I do not find Judith samba and her company deposits $ 2,000 Mexican pesos and I have no answer for this company and I want to recover my money. Who do I talk to? Where do I have to tape it? I am from Mexico, I hope your help greetings. And thanks.
A Not Reliable FOrex Broker – SCAM
They have this sponsored ad in facebook where shows free ebook, and you have to input your details such as email and contact number. They keep on calling almost every hour to convince you to open an account immediately. They made good promises. And they did not discuss the risks and if there will targets in trading. They also said they will give financial experts who will assist you in trading but those experts will even confuse you especially for newbie. At first they will show the chance to grow your money but They will not allow you to withdraw your money because they said I have to reach the target volumes of trades. When I reached the target they said, I still have to do more trades. Their spreads is also changing, and doing some manipulation in your trade until your trade goes wrong. and They will show that you lose your money. But they actually get the earning, then the money I deposited which is 1340 USD never came back.
I don’t recomend Umarkets, because my husband loose his money afters several days after the begiinging of trading here!
Scam and awful services
The company is a complete scam and they will follow you to death, never give them any of your details
Umarkets try to run away with my 15000 usd
This is a scam traders, i deposit 3000 usd and they give me bonus of x2. I trade and make some profit of 20000 usd and then i try to withdraw money, they say i have to get lot of 100000 usd. i deposit 7000 to make more profit and get huge gains but all the trade fails. i make big loss, then i try to get my money back and then they tell me to pay transfer fee and guarantee of 5000 usd. after this, no more contact and all numbers not available. i search internet and see Swiftrecovery EU and they help me get all my money back with the profit umarket promise. I appreciate help
They are in the philippines
They are in the Philippines. The office is in Makati.
I went there months ago so I can get my deposit back but they said I am not allowed.
Never give your details to this company
The most unprofessional company I ever have seen, they keep calling me from different numbers and send email even thou I told them to stop like a month ago.
Complaints to UMARKETS
It was finally resolved, after more than four (4) months of repeated demands of withdrawal of USD 500 investment.
DO NOT Open accounts with UMarkets.com
Like most of the complainants here on this review, I got the same level of unprofessional treatment. Also I noticed that people here often mentioned the name of a certain Jeffrey Ocampo O’Brien who was assigned to me (The O’Brien name is obviously a screen name to make them sound ‘foreign’ to clients; of course they’re not. I worked in the Call Center Industry and they do that all the time :-)) . As I was a total beginner in trading, I took the chance of signing up with them. Now that I knew better, I can say with a high degree of certainty that UMarkets especially the unscrupulous nature of them trying to egg you to deposit more money is not only unprofessional but a reflection of their pseudo-expertise in the field. I’m asking for techniques and approach to wisely manage my account, but all I hear from him as a solution is to deposit more money. Sensing the hideous signs of “guerilla marketing” approach, I started exploring other brokerages and start comparing them with the other competitors. I’m glad the competitors’s team of experts are very professional and assisted me through their trading platform in helping me recoup my losses incurred from UMarkets. All in all I lost $2.5K with them, I’ve desperately emailing or asking for a call to assist me in managing my accounts but got no response until one day I found my account wiped out. No answers, no replies, nothing.
To make the long story short, their company in general SUCKS. Big Time.
I’m spreading this review to all who receive a phone call or email from them via their clickbait link in Facebook (yes, IT IS clickbait; it said get the ebook, but what you’ll get is a phone call from them instead, through the number you provided on the website – there is NO ebook at all!).
I suggest for you all to tag their support email or whoever their executives are if you know their contacts to report the unprofessional approach Jeffrey Ocampo O’Brien and his manager Toff Radacliffe when they no longer reach out to their clients once when it comes to refund or assistance on their platform. They are like insurance agents who only cares to get clients and get as much percentage while they profit, and forget about the clients especially when they lose. It’s all about the money for them. I’m blogging this experience about their company and circulate this on social media as a warning to all they are trying to dupe. And for those wo want their emails, here it is: [email protected], [email protected], [email protected], [email protected]
Look for their executives email and CC: them as well.
Experience with Umarkets
I have tried to invest with Umarkets but when i am requesting for partial withdrawal of my fund, i was refused to for the reason that i have lost some trades and i need to work on the bonus.
With the advise i got from chargeback, i requested tge credit card company to do it for me. They returned some of the money to the crwdit card but they retained a portion of it.
Now, i am requesting for the return of the remaining amount to ay off my account with the credit card but they are requiring me to pay 10% of the remaining fund thru separate charge from another credit card. I want to get vack the money so i requested that the fee be deducted from my remaining fund but they refuse to do so.
How could you help me get back my funds. The credit card has been charging me so much interest.
I hope you could help me.
Thank you very much!
I have mini account with umarkets. They gave me a Filipino personal expert. She even make a trade without informing me first.and she trades big amount and easily lost it. What can I do to get my money back in my account? Please anyone help
Read the term – orders can be opened only for 21 days
Everyone who trade knows the importance of a good broker. And Umarkets is like that for me. I didn’t trust it at once. Like a lot of people I was waiting for some tricks all the beginning. But I still haven’t come across them. Everything goes according to the agreement. I was indignant at the fact that my orders were closed unbeknown to me. But I just didn’t take into account the fact that orders can be opened only for 21 days on Umarkets. This is stipulated in the terms. Funds withdrawal is done well, and there’re assets that I trade with.
People, read the terms and you won’t have problems you described here.
This company took my money! I made a deposit and I did not even invest the money, they took it all and it has been a month since I requested my withdraw without success. STAY AWAY. PLEASE CHOOSE A BROKER WITH BETTER REPUTATION.
After depositing $500, i changed my mind & decided to request for withdrawal of my money to Mr. Enzo Alejandro account specialist who encouraged me to deposit to my umarkets account we created in Umarkets web site. After 3 days, i checked my account in the Umarkets and i was shocked to find out that my money is gone
This broker never allows you to withdraw your profits.its time that this scampany shuts down because of the many people they scammed.stealing our hard earned money and never allowing us to withdraw.I pray that this company will never have any clients anymore so that they can never scam a lot of people.please be careful when they call you.never ever entertain their call because once you invested in them,you will never get your money back.
Umarkets is a scam
Up to now I have not received any advice from UMARKETS on the status of my instruction for the refund/withdrawal of my USD 500 deposit/investment.
Rodolfo A Andres
Trade without any problems but be ready to talk a lot by phone
I read all the comments here and was shocked. I did open account on Umarkets before I found that. But let me tell about pros and cons step by step.
About reviews below. It`s seems like most of trader are newbiews that write below and i can just give next advices.
Umarkets is a scam
Many times I have been requesting for a refund of my USD 500 investment but up to now no action by UMARKETS has been undertaken.
Help guys, umarkets just tmtrade out my account. My account managaer is Josh Decker. What should I do?
Umarkets is a scam
UMARKETS is no longer interested to transact business after I told them that I wanted to withdraw/refund my investment.
scammed by umarkets been contacting said jeffrey obrien till now no reply pls help
hello everyone so how are we going to get our money bad very bad Stealers need help also
U markets over the last few days have cleared out my account without authorization. I ring and no one answers
Being rightly scammed. 5m97w
Hello to anyone who can read this. DO NOT open an account with UMARKETS (www.umarkets.com) They are Legal Scammers.
I will explain how it is. I opened an account with them one day before the black Friday of the United States . they convinced me by offering me a 200% bonus or an operation insurance. If I lost any operation during that day they would cover it 100% . everything seemed like a wonder . 200% bonus or 100% loss insurance? wow . ps accept enter and enter with 1,000 usd and accept the bonus of 200% so now my account account had 3,000 usd. But what a surprise when I started to operate Bitcoin and when the operation went against me . because the platform brought me an alert that all operations would be closed with a 100% loss . how? did not have 2,000 usd more to resist the price decrease of the instrument? After asking the “expert” advisor they say . it turns out that the bonus is only for you to risk burning operations . it is not to help you resist when the price comes back against you, that is . easier you are going to lose your money and they are helping you right away, that you lose your money.
Fortunately my operations were always positive and after several operations and two weeks, I ended up with a total profit (free of bonus and my investment) of more than 30 thousand USD . I was happy . but what a surprise . when I wanted to withdraw only the 1,000 USD from my initial investment . NO PODIA . why? because they force you to operate 200 lots (100,000 USD per lot) to be able to allow you to make withdrawals. Now, to understand the tricks of this company to keep your money I will explain a little. Each lot corresponds to operations that move 100,000 usd that is to say that I should operate 20 million dollars to be able to make my withdrawal . if I operate with Bitcoin, each Bitcoin is 3,300 dollars, in a few words, it is almost impossible to manage so much money, that alone is forcing you to operate in a way impossible to achieve a total of 20 million . and the more you operate trying to fulfill what you require, because you simply expose yourself to losing your money, but if we talk that this is a very psychological work in which all the time you could be operating with fear because of the extreme conditions.
In CONCLUSION Umarkets is a legal scam with all the conditions for you to deal with the loss only in order not to return anything because surely they have no way to pay any profit . everything must be a facade to steal your money. The license they have is paper, they do not really regulate anything and they are in a country that you could say is a tax haven. They are going to steal your money. If after this WARNING and all the ones you are going to find on the internet (because you are going to find them) you decide to open an account with them, then you are very Silly. And you will confirm it when you have lost your money, because you will lose it. UMARKETS is a scam, a real scam.
Wherever they speak well of them, they should be forums or people who pay to speak well of them, because if you investigate just a little without much effort you will realize that there are only bad comments and you will not find anyone who speaks well of them or that he may have been able to withdraw his money.
One more step
Please complete the security check to access scambroker.com
Why do I have to complete a CAPTCHA?
Completing the CAPTCHA proves you are a human and gives you temporary access to the web property.
What can I do to prevent this in the future?
If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware.
If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices.
Another way to prevent getting this page in the future is to use Privacy Pass. You may need to download version 2.0 now from the Chrome Web Store.
Cloudflare Ray ID: 57f629af8c8f7b73 • Your IP : 22.214.171.124 • Performance & security by Cloudflare
Thanks to its web-based MarketsX platform, Markets.com is easy to use and new trader friendly. However, Markets.com is pricey and lacks the feature-rich trading tools required to compete with the best trading platforms.
Top Takeaways for 2020
After spending five months testing 30 of the best forex brokers for our 4th Annual Review, here are our top findings on Markets.com:
Is Markets.com Safe?
Markets.com is considered low-risk, with an overall Trust Score of 97 out of 99. Markets.com is publicly traded, does not operate a bank, and is authorised by two tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). Markets.com is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA). Learn more about Trust Score.
Offering of Investments
Overall, compared to the Markets.com Metatrader offering, the MarketsX platform offering would be my choice because of its lower comparable spreads and access to a more significant number of tradeable instruments (57 forex pairs and 2,179 CFDs).
The following table summarizes the different investment products available to Markets.com clients.
Commissions & Fees
Assessing Markets.com for trading costs is tricky. All in all, our bottom line assessment is that Markets.com is expensive and far from being competitive with industry leaders CMC Markets and IG.
MarketsX: Markets.com offers a premium account called MarketsX for traders who deposit at least $250, where spreads are comparably lower than its primary account offering and with added platform benefits.
Variable spreads: In terms of trading costs, spreads at Markets.com changed from being fixed to variable on its forex pairs, bringing the broker in line with most multi-asset brokers that offer variable spreads. That said, the minimum listed spreads are still comparably higher, and I was unable to make an adequate comparison given the lack of average spread data published by the broker.
MetaTrader accounts: It’s also worth noting that spreads are generally tighter on the company’s proprietary Web Trader platform, compared to its third-party trading platforms offered, including MT4 and MT5, where the product range is not as extensive.
Average spreads: The firm advertises spreads as low as 1.9 pips on the EUR/USD, and 3.0 pips on its MT4 offering, which are more expensive when compared to other firms with variable (floating) spreads. Summary aside, we would like to see Markets.com share average spread data for its new variable spread offering, to help make a level comparison with other brokers with variable spreads.
Platforms & Tools
Markets.com offers its flagship trading platform, MarketsX, as well as the full MetaTrader suite.
MarketsX charting: In terms of charting in MarketsX, there are nearly 90 indicators available for technical analysis – which is more than the industry average. That said, only four drawing tools are available.
MarketsX usability: Web Trader is very easy to use. Throughout the platform, Markets.com has emphasized providing traders a smooth user experience. For example, alongside pre-defined screeners, module linking is enabled by default.
MetaTrader: Markets.com also offers MetaTrader4 (MT4) and MetaTrader5 (MT5) for algorithmic traders, although pricing is higher compared to its flagship platform.
Overall, Markets.com has a good foundation for research. However, there remains room for further improvement as the broker trails industry leaders IG and Saxo Bank. For example, adding content from in-house analysts, a heatmap tool, or forex news videos would improve Markets.com’s research offering.
Third-party research: Research from third-parties includes TipRanks and pattern recognition from Delkos.
Integrated tools: I enjoyed exploring the modules under the Sentiment tab, including the Insider Trades, Analyst Recommendations, Bloggers Opinion, and the Hedge Fund Confidence section. The Fundamental section was also rich with tools, including the Events & Trade section, which contains useful event-related analysis, alongside financial news and market commentary.
Reports: Another highlight is that Markets.com provides detailed research reports for many of its single-share CFDs.
Education: Markets.com also does an excellent job integrating live webinars into its trading platform as part of its XRay offering and educational video content from Recognia.
Besides the MT4 native app available for mobile, Markets.com also offers its proprietary mobile app as a counterpart to the MarketsX web-based platform. Like MT4 mobile, the Markets.com app is available for Android and iOS devices.
Pros: The Markets.com mobile app combines many features found in the flagship platform, keeping a consistent look and feel across both platforms, with nearly all features available. For example, I was pleased to see most of the research resources from the web version integrated into the mobile app under the trading tools tab.
Cons: While the Markets.com mobile experience is respectable, the charting tool lacks drawing tools and indicators, which leaves a notable gap in the mobile offering. Also, watch lists don’t sync across platforms.
Thanks to its MarketsX platform, Markets.com provides a decent balance of simplicity and functionality. That said, Markets.com research tools are respectable but still trail industry leaders. And while spreads have improved, Markets.com remains expensive, especially on its MetaTrader offering. All in all, Markets.com finished Best in Class across three categories in 2020, including Ease of Use, Beginners, and Trust Score, which are key areas where it stands out against peers.
Markets.com’s parent company, Playtech, has been listed on the London Stock Exchange (LSE) since 2020 under ticker symbol PTEC and is part of the FTSE 250 Index. As of June 2020, the company boasts a market capitalization of over £1.2 billion and holds £304m in cash on its balance sheet.
Playtech develops gambling, casino, and financial trading technology that powers its brands’ products, including those of Markets.com. The broker serves forex and CFD traders through its proprietary and third-party trading platforms under the Markets.com brand. Read more on Wikipedia about Markets.com.
Markets.com Trading Features
Markets.com Research Features
Markets.com Mobile App Features
2020 Review Methodology
For our 2020 Forex Broker Review we assessed, rated, and ranked 30 international forex brokers over a five month time period. Each broker was graded on 105 different variables and, in total, over 50,000 words of research were produced.
While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.
All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than 1% each year, providing site visitors quality data they can trust. Learn more about how we test.
Forex Risk Disclaimer
“There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.” Learn more.
Best Binary Options Brokers 2020: