The Different Account Types – Markets.com Review

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Markets.com Review

When trading FX and CFD products, Markets.com, a market maker, offers commission-free trading through its Markets.com account. The broker’s trading platform, Markets.com, which provides a plethora of fundamental, technical, and technical trading tools, is its strongest suit. Additionally, Markets.com provides the MetaTrader 4 and 5 platforms. A forex broker, on the other hand, acts as a middleman between you and the interbank network. If you are unfamiliar with the phrase “interbank,” it refers to groups of banks that conduct business together. A forex broker will often provide you with a quote from the banks in which they have access to currency liquidity and lines of credit. Traders Union presents you Markets.com review and the best broker forex in the world.

Markets.com Review

Markets.com Account Types

Markets.com offers accounts to traders of all skill levels. At Markets.com, you may select from four distinct types of trading accounts:

  • Demo

Markets.com provides free demo trading accounts so that new users can practice using fake money while getting a feel for the MarketsX platform or even the overall dynamics of the markets.

  • Retail

You can access all 2,200+ products with Markets.com’s retail basic live trading account, which offers variable leverage and low spreads.

  • Professional

The professional trading account, which also offers additional leverage structures, is designed for professionals who plan to spend at least £500,000.

  • Islamic

Establish an Islamic-friendly account if you’re a trader looking for an interest-free account that adheres to the rules of Islamic Sharia law.

Markets.com Customer Support

More than 10 languages are used for customer service, which is offered continuously. You can contact us by phone, live chat, email, or by filling out an online contact form. For a prompt response, we advise using the markets.com live chat assistance since wait times are typically under a minute. On the “Contact Us” tab, you can find the enquiry form and phone support number for the specific region. Customer care representatives can assist with a wide range of problems, including why a platform isn’t operating and explaining order rejections to traders. Additionally, consumers can obtain answers in Markets.com’s comprehensive support center and FAQ section. Finally, you can find user manuals, instructional videos, or simply plain old directions on how to remove an account.

The Best Broker Forex in the World

  1. Pepperstone

Due to its extremely low spreads, day traders and scalpers adore Pepperstone, an Australian ECN broker.

  • Pepperstone has unmarked spreads with an average of 0.09 pip on the EUR/USD pair, but it levies a $3 cost for each lot traded. Pepperstone typically takes 30 ms to execute an order.
  • Forex professionals have access to a service that enables them to receive rebates based on the volume traded.
  • MT4, MT5, and cTrader are the available trading platforms, while Duplitrade is available for individuals interested in social trading.
  1. FxPro
  • The British broker FxPro has received more than 70 accolades from other countries.
  • The FxPro’s adaptability draws professional and algorithmic traders as well as newcomers.
  • They provide an NDD order execution policy, allowing the broker to process trade orders under 14 milliseconds.
  • FxPro also offers a currency spread betting service for UK customers.
  1. AvaTrade
  • News traders are familiar with the Irish broker AvaTrade since it provides fixed forex spreads as low as 0.6 pip.
  • AvaTrade offers a wide range of mobile trading systems in addition to MT4 and MT5.
  • All customers at AvaTrade have access to a demo account, and you can open a real account by making a minimum deposit of $100.
  1. XM
  • The Cypriot broker XM adheres to a rigorous no requotes rule. In under a second, 35% of users’ orders are fulfilled without any price changes.
  • Another benefit of XM is its leverage, up to 1:888 under IFSC.
  • A $5 minimum deposit is required to open a real account; the demo account is free of charge.
  • You may trade on MetaTrader 4 or MetaTrader 5 with XM, and the forex spread starts at 0 pip.
  1. Admirals
  • One of the most adaptable forex brokers inside the business is Admirals.
  • Admirals provides a total of 6 different trading accounts and permits trading on MT4 or MT5.
  • 40 of the nearly 4000 traded assets offered by Admirals are FX pairs.
  • Admirals’ forex spreads begin at 0 pips and have a $6 charge per lot, which can be reduced to $3.6 for aggressive traders.