Markets.com

Regulation

Markets.com used to do business as GFC Markets. This was a simple rebranding as far as we know but either way we like the name change. Markets.com is one of the most trusted brokers out there. They have their Headquarters in Cyprus. They are licensed and regulated by the Cyprus Securities and Exchange Commission under license number 092/08 and have been online since 2009. They have several offices all over Europe including London. In addtion to frex trading they also allow CFD and securities trading.

Minimum Deposit And Funding Options

Markets.com makes opening an account quick and easy. You can begin trading by depositing a minimum deposit of USD 50 in a trading account.You can fund your account by credit card, bank transfer or cheque. If you have any questions through the account opening process, their customer service and tech support is there to help. If you prefer to try their services out before depositing the minimum $50, you can by opening a free demo account.

Leverage And Spread

Markets.com offers traders lerage of 200:1. So, Markets.com will allow you to trade currency worth two hundred times the value you have in your account. Markets.com charges a variable 3 pip spread on all major currency pairs. Be sure to double check the pips they charge on your trade if you are trading more exotic pairs, like other brokers out there the spread can get pretty high.

Trading Platforms

Trading Platforms are very important in deciding which broker to go with and frankly this is where Markets.com shines. They offer about seven different trading platforms so you will be sure to find one or a combination that will suit your trading style and needs.

Markets.com offers all traders a downloadable MT4 trading platform as well as a suit of award winning proprietary platforms including:

• MarketTrader - downloadable and comes with real time charts and pro analytic tools
• Market WebTrader - web based platform that syncs to your MT4 account so you can get access to markets from any computer with an internet connection!
• Market Java Trader - fully featured web based platform. This is another option for traders looking for anywhere trading flexibility.
• Market Java Practice Trader - this is Markets.com easy to use web based demo platform
• Market Mobile Trader - like the name implies, this is Markets.com's mobile trading platform. The platform is offered in WAP and for most smart phones. If you can get your hands on one they also offer mobile trading for iPhone.

Markets.com allows scalping through their MT4 platform and possible through MarketTrader but we are still looking into this detail.

Demo Account And Free Charts

Markets.com offers a free $100,000 Demo account. This is a great no-risk way to get your feet wet and learn your way around Markets.com's award winning platforms. Demo accounts also give you access to some training and charting tools so you can try it all out quick and easy with no obligation.

Customer Service

Markets.com offers customer support through more than 25 local phone numbers. You can also reach them by email or by live chat - which works - we just tried it. Their online chat agent was quick and helpful and confirmed customer support is offered 24/5 from when the markets open in Japan till they close in the U.S. This means customer support is basically offline during the non-trading hours of the weekend.