Markets X Reviews: How Safe is markets.com?

Markets X Reviews: Is markets.com safe? Read our review to find out more on Markets X. The main objective of our reviews is to carry out research on various brokerage to ascertain if they are scam or safe to use.

markets.com is the website of a Forex broker that was created in 2006 but regulated in 2008 by CySEC, FSCA, ASIC and the FCA. Our research reveals that this brokerage is registered under the name Safecap, as a subsidiary of a UK publicly-listed company which is related to the Playtech PLC.

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What Markets X Say They offer

This brokerage claims to offer the following:

  1. Amazing Markets X Web Trader platform, user friendly and feature-rich
  2. A maximum leverage of 1:5.
  3. A wide range of trading tools
  4. A wide range of assets available to trade.
  5. Access to over 2000 shares in more than 12 markets.
  6. Excellent customer support

 

Markets X Trading Platform

Markets X offers both MetaTrader 4 and MetaTrader 5 trading platform . This gives its clients an edge because it comes with access to advanced charts and in-depth analysis.  These platforms offer a variety of features like professional trading signals, nine different time-frames, customization tools, a wide range of indicators and asset classes to trade on.

Furthermore, Markets X has a mobile trading app for Android and iOS users. Unfortunately its app has certain deficiencies like inability for users to add indicators to their charts, no access to alerts or news etc.

 

Markets X Withdrawal and Deposit Methods & Fees

Markets X offers traders quite a range of funding options. Traders can use Credit card, Paypal, Skrill, Bank wire and many more. There are no fees attached to either deposit or withdrawal.

It is important to note that, there are lower minimum amounts to withdraw funds depending on the chosen medium. The minimum deposit amount is $/£/€ 100. Withdrawal takes about 2 to 8 working days to be processed. Please study the image below:

 

 

Is Markets X Licensed Broker?

Yes. In the course of our research, we found out that Safecap’s Markets X is regulated by the CySEC (Cyprus Securities Exchange Commission), FSCA, ASIC,  FCA and FSB (of South Africa).

 

Support

Markets X offers customer support in multiple languages. They are available 24 hours a day, 5 days a week. You can contact them through phone (+44 (0) 203 1500 380), social media platforms and Live chat on their website.

 

Conclusion

The result of our research is that Markets X is safe . However, market risks still remains. We consider Markets X transparent because they provide ample background and contact information. They are licensed and authorized by respectable bodies. Despite the fact that Markets X seems safe and has good reputation, We still advise caution.

 

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website

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Markets X

8.5

TRADING CONDITIONS

7.0/10

LICENSE

10.0/10

CLIENT REVIEW

9.9/10

CUSTOMER SUPPORT

7.0/10

Pros

  • Wide range of trading tools and customer support options
  • Flexibility of global offices to access options such as higher leverage and/or bonus promotions.

Cons

  • Educational resources on using their trading platforms are limited

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