MARKETSX Review

The solid all-rounder

Pros

  • Low spreads
  • MetaTrader 5 platform
  • Traders Trends

Cons

  • High trading fees
  • Limited amount of trading instruments

Introduction

Markets.com was rebranded in 2019 and the new name is now MARKETSX. MARKETSX is a brand and trademark of Safecap Investments Limited. It is an innovative CFD broker for stocks, indices, forex, commodities and cryptocurrencies and was established in 2008. Click on the link if you first want to know more about What are CFDs? and What is a broker? In this MARKETSX review we explain briefly and clearly what this broker has to offer.

Target audience

MARKETSX is a good broker for both starting and experienced investors. The "Traders Trends" option is useful for starting investors and the application of the advanced MetaTrader 5 platform makes it an interesting broker for experienced traders.

Is MARKETSX reliable?

MARKETSX is owned by Safecap Investments Ltd. and is registered in Cyprus. It is regulated by the Cypriot Securities & Exchange Commission (CySEC). Safecap Investments is owned by a listed company called Playtech PLC. Because of a lot of regulations and control your money is in good hands with this CFD broker.

Trading instruments

At MARKETSX you can trade CFDs in stocks, indices, forex, commodities, ETFs and cryptocurrencies with a maximum leverage of 1:30. The minimum deposit is £250. There are more than 2000 different shares that you can trade with MARKETSX. However the range of trading instruments is relatively small in comparison to its competitors.

Trading platform

Exclusive to MARKETSX is the option “Traders Trends” where you are informed about the investment direction of experienced investors. With help of this information you can get an idea of the possible direction of the stock prices. MARKETSX is wel known for their advanced trading software. They offer 3 different trading platforms:

  • MARKETSX Web Trader which looks good and is very user-friendly. It offers enough technical analysis options. Unfortunately the web trader is not customizable.
  • MARKETSX Mobile Trader which makes it possible to place orders and trade CFDs on the move. The mobile app looks good and works approximately the same as the web trader.
  • MetaTrader 5 which is known for it s many functionalities. In addition to technical analyzes, you can use analyst advices and automatic scripts to automate your trades. You must first download the platform.

You can choose between 3 different accounts. The biggest difference is in personal support, and the minimum deposit. The spreads and trading platforms are the same for all accounts.

  • Classic Trading Account: the minimum deposit is £250
  • Premium Trading Account: the minimum deposit is £2.500, you will get a personal relationship manager, trade signals and daily analyzes.
  • Professional Trading Account: the minimum deposit is £20.000 and you get access to premium customer service in addition to all other functions.

Spreads

At MARKETSX the spreads are on a medium to low level. The spread is the difference between the purchase price and the selling price. For example, if the purchase price of Shell is 21.44 and the sale price is 21.40, then the spread is 0.04. The lower the spread, the better.

Demo account

Learn to use the MARKETSX trading platform with help of the demo mode. Practice trading with CFDs until you are ready for the real thing and then switch easily.

In short

Due to the excellent trading software, the "Traders Trends" option, the low spreads and high reliability, MARKETSX is the ideal CFD broker for both beginners and professionals.

marketsxlogo

£250Minimum deposit
  •     Excellent platform
        Low spreads
        Traders Trends
        Inactivity fee
  •    Active investors

    Unknown

  •    Reliability

  •    MetaTrader 4

  •    MetaTrader 5

  •    Trading platform

  •    Social platform

  •    Suitable for:

    Active trader

  •    Functions platform

    Professional

  •    Mobile app

  •    Tradable assets

    2200

  •    Spreads

    Low

  •    Spread EUR/USD

    0.5

  •    Stocks

    >2000

  •    Forex

    57 pairs

  •    Cryptocurrencies

    6

  •    Commodities

    25

  •    Indices

    33

  •    ETFs

    54

  •    Loss-making investors

    81%

  •    Customer service

  •    Education

  •    Usability

  •    Inactivity fee

    £10 PM after 3 months

  •     Bank transfer

  •     Credit card

  •     Skrill

  •     PayPal

Enable desktop mode for a better visibility of the comparison tables.

emptyvergelijker

  •    Pros and cons
  •    Active investors
  •    Reliability
  •    Trading platform
  •          MetaTrader 4
  •          MetaTrader 5
  •          Social platform
  •          Suitable for:
  •          Functions
  •    Demo account
  •    Mobile app
  •    Spreads
  •    Spread EUR/USD*
  •    Tradable assets
  •    Stocks
  •    Forex
  •    Cryptocurrencies
  •    Commodities
  •    Indices
  •    ETFs
  •    Loss-making investors
  •    Customer service
  •    Education
  •    Usability
  •    Inactivity fee
  •     Bank transfer
  •     Credit card
  •     Skrill
  •     PayPal

plus500logof

£100Minimum deposit
  •     Very user-friendly
        Competitive spreads
        No MetaTrader platform
        Fewer analysis tools
  • 110,000
  • Experienced investor
  • Average
  • Low
  • 0.6
  • 2000
  • 1900
  • 50 pairs
  • 14
  • 22
  • 30
  • 95
  • 76.4%
  • £10 PQ after 3 months

marketsxlogo

£100Minimum deposit
  •     Excellent platform
        Low spreads
        Traders Trends
        High trading fee
  • Unknown
  • Active investor
  • Professional
  • Low
  • 0.5
  • 2200
  • 2000
  • 57 pairs
  • 6
  • 25
  • 33
  • 54
  • 81%
  • £10 PM after 3 months

etorovergelijker

£200Minimum deposit
  •     Social trading platform
        Copy professionals
        No MetaTrader platform
        High spreads on crypto
  • 400,000
  • Allround investor
  • Average
  • Average
  • 3
  • 1200
  • 1000
  • 47 pairs
  • 92
  • 13
  • 13
  • 21
  • 75%
  • £10 PM after 1 year

trade.comlogo

£100Minimum deposit
  •     Variable spreads
        Good education
        Higher spreads in MT4
        Inactivity fee
  • 100,000
  • Experienced/allround investor
  • Professional
  • Low at large volume
  • 3
  • 2100
  • 2000
  • 55 pairs
  • 19
  • 26
  • 74%
  • £25 PM after 3 months

*This was the spread on 1/1/2020

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.