Markets.com Crypto Broker Review 98

Markets.com is owned and operated by Safecap Investments Limited, and is fully regulated by CySEC (Cyprus Securities and Exchange Commission) to offer real-money trading to clients, with license #092/08.

It is also fully authorized to offer real-money trading to South African clients with the Financial Services Board (FSB) with license #43906. Markets.com and Safecap Investments Limited are owned by Playtech PLC, which is an LSE-listed company.

Markets.com is one of the most respected cryptocurrency trading platforms offering a wide range of digital currency trading options. These include the following: Bitcoin (BTC/USD), Bitcoin (BTC/EUR), Litecoin (LTC/USD), Litecoin (LTC/EUR), Dash (DASH/USD), Dash (DASH/EUR), Ethereum (ETH/USD), Ethereum (ETH/EUR), Ethereum Classic (ETC/USD), Ripple (XRP/USD), Bitcoin Cash (USD). Unlike traditional cryptocurrency trading, where traders are required to set up virtual wallets or accounts at specialist trading sites, with Markets.com you can trade cryptocurrency CFDs.

CFDs are derivatives trading instruments – contracts for difference – where you speculate on price movements of the underlying asset. You can go long on Bitcoin, Ethereum, Bitcoin Cash etc., or short – it’s your call. With Markets.com, there is no need to pay all those excessive fees when purchasing BTC, BCC, ETH, LTC etc. You don’t own the asset – you’re simply speculating on the price movement of the asset. Since all the transactions take place from a single platform, traders needn’t register with digital currency platforms, set up virtual wallets, and transfer payments through third parties at high commissions. CFD trading in cryptocurrency is inherently risky, and it is incumbent upon traders to take all necessary steps to limit risk by working within a tight budget.

How to Open an Account?

Simply click on the register button to create a new account. Clients will be required to complete several fields including email, password, and password confirmation. Once you have created an account, you will need to verify that account via email. The minimum deposit that you can make into an account is €100/£100/$100. Clients can use multiple currencies to make deposits, including AUD, USD, GBP, CAD, DKK, EUR, SEK and others. Safety and security are assured Markets.com, and all necessary measures are implemented to guarantee the security of transactions.

Open an Account

 

Depositing and Withdrawing Funds

The following deposit methods are accepted: credit card, Skrill, wire transfer, Neteller, PayPal, Fast Bank transfers, Giropay, Sofort, Ideal, instant bank, MultiBanco, and several others. There are no deposit fees levied by Markets.com, however, your payments processing company may charge you a fee. Any deposits over $2,500 will be reimbursed any external transactions fees by Markets.com. Your funds will typically appear in your account within 1 – 2 business days with wire transfers, and within approximately 24 hours with debit cards and credit cards, once they have been approved.

To withdraw funds from your account, click on the menu button on the top right of your screen. Choose your preferred withdrawal method. All funds are transferred to clients via the same deposit method. If you used a credit card, your cryptocurrency profits will be returned to you via credit card. All deposits and withdrawals are subject to verification. Proof of identification includes a passport, national ID card, or driver’s license. Proof of residence requires a utility bill, a municipality statement, or a credit card statement.

Digital Currency Trading at Markets.com

A wide range of cryptocurrency trading options is available at Markets.com. These include Bitcoin, Litecoin, Dash, Ethereum, Ethereum Classic, Ripple, and Bitcoin Cash. The type of digital currency trading you can conduct at Markets.com differs from that at conventional digital currency platforms. For starters, you do not take ownership of the asset – you simply go long (bullish) or short (bearish) with a CFD. Your entire digital currency portfolio can be managed from one secure location at Markets.com.

It is free to get started with the trading platform, with a wide range of financial assets including shares, Forex, indices, ETFs, CFDs, commodities and cryptocurrency. The trading platform is available for PC and mobile devices. No additional software is required, since it runs direct off your browser. Optimized trades, in real time are assured, and the in-house apps for iOS and Android provide favourable cryptocurrency trading rates, and robust functionality.

Bitcoin, Litecoin, Dash, Ethereum

The trading platform offers tight spreads, and high leverage on a wide range of assets. For stocks, this is 1:20, for indices 1:150, for currency it is 1:300, and commodities 1:200. Spreads on major currency pairs (pairs including the USD) are typically 2 pips, and on CFDs they are as low as $0.10/£0.10/€ 0.10.

There are no fees or commissions tacked on. The trading platform offers a wide range of comprehensive tools and resources to make your digital currency trading easier. This includes charting such as simple moving average, relative strength index, and moving average convergence divergence, pivot points and dozens of world-class studies. These are available as a complimentary service to traders. Additionally, clients can enjoy up to date short message service notifications on the mobile, tablet or phablets, Forex briefings and daily trading signals. Uninterrupted support is available 24/5 via live chat functionality telephone, or email.

 

Bottom Line

Traders can enjoy cryptocurrency CFDs 24/6. The only time you cannot trade crypto CFDs is from 5 AM GMT on Sunday through 11 AM GMT on Sunday. The optimized trading platform is available at the Google Play Store for Android and at the App Store for iOS devices. You can also trade on WebTrader. This established brand is secured by SSL technology, and accepts a wide range of payments processing options including PayPal, visa, Skrill, MasterCard, Maestro and others. Markets.com is a responsible trading platform with a wide range of cryptocurrency options including Dash, Ripple, Ethereum, Bitcoin, Bitcoin Cash and others. You don’t need to take possession of the asset – you can simply speculate on price movements.

Pros

  • Regulated by CySEC & FSB
  • Over 9 years of experience (established 2008)
  • Client funds are held in segregated bank accounts
  • No commission trading with tight spreads
  • Multiple languages and Islamic accounts
  • Practice Account available to traders
  • Multiple platforms to choose from including MetaTrader 4

Cons

  • Information on bonuses is scant
  • They charge inactivity fee
  • They don’t offer price alerts
  • They don’t offer DMA/ECN/STP Accounts
Markets Overview
Website: www.markets.com
Regulation: CySEC, FSB
Assets offered: Indices, Commodities, Stocks, Crude Oil, Gold & Silver, Forex
Minimum Deposit: $100
Deposit Options