What we liked about Markets.com
Markets.com offers a wide range of trading instruments – over 2000. This is way more than the average CFD broker offers. They also have many useful trading tools for stock screening or webinars for trading lessons. With 27% the amount of successful traders is above the market average.
What we disliked about Markets.com
Markets has slightly above spreads on many instruments. Confusingly there is a noticeable difference between the metatrader and webtrader cost structure. Also markets requires a minimum distance to the current instruments market price to fill in stop orders (like the stop loss).
BrokerCheck Review of Markets.com
Markets.com has a few advantages and, like any broker, has its weaknesses. Markets.com has slightly above-average spreads on the cost side (e.g. DAX 1.2 points), but also offers Futures. Several CFD contracts are offered on a futures roll over basis to keep holding costs low. The biggest advantage of Markets.com are by far the tradable stocks. Markets.com lives up to its name and offers an extremely wide selection. There are CFD stocks from over 12 countries and a large number of ETFs & at times up to 11 crypto currency pairs are offered. Negative is that Markets.com has a small minimum gap for stop loss or limit orders. For the beginner and advanced trader Markets offers webinars and some analysis tools. For example, stock trader insider activities of managers are tracked and processed or daily analyst comments are collected (unfortunately so far only in English). In summary, Markets.com is a good all-rounder for beginners and advanced traders.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this Broker.
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What is the ESMA? The European Securities and Markets Authority (ESMA) is an EU body aimed at protecting investors and ensuring the integrity, stability and