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      Compare Forex Brokers!
      Compare top Forex brokers side-by-side and find the best fit for your trading needs. Start your comparison now!
      Compare Now!
      Chris Cammack
      Edited by
      Author
      Chris Cammack
      Edited by
      Chris Cammack
      Partner Manager and Financial Writer

      Chris manages the relationships with our partners to provide the best Forex trading experience possible for our users. Chris has 15+ years of research, and editorial and design experience for political and financial publications. His background has given him a deep understanding of international financial markets and the geopolitics that affect them.

      Learn more about Chris Cammack
      Author
      Author
      Alison Heyerdahl
      Head of Content

      <p>Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), and an experienced trader, as well as a financial writer with extensive expertise in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast.</p>

      Learn more about Alison Heyerdahl

      Markets.com

      ZAR Accounts on the Best Trading Platform

      Markets.com
      4.08
      How we review
      Accepts Ugandan Clients. Average spread EUR/USD 1.00 pips on trading account with lowest minimum deposit. Max leverage 1000:1. Islamic account available. MT4, MT5, and Marketsx platforms supported. Markets.com is regulated by the FCA, CySEC, ASIC, and the BVI FSC.
      Visit Broker Compare Now
      74 of retail CFD accounts lose money with this provider

      Available to traders in %s

      Min deposit

      USD 100

      Regulated By

      CySEC, FSCA, FSA-St-Vincent

      Trading Cost

      USD 10

      Leverage

      1000:1

      Copy Trading

      Yes

      Platforms

      MT4, MT5, markets.com

      Instruments

      Bonds, Commodities, Cryptocurrencies, Stock CFDs, ETFs ( )
      Forex, Indices

      Markets.com Broker Review

      Established in 2009, Markets.com is a trustworthy global Forex broker regulated by some top-tier authorities, including CySEC of Cyprus and the FSCA of South Africa.
      

      It offers fast trading execution on 400+ trading assets, including stock CFDs, Forex, commodities, cryptocurrencies, indices, ETFs, and bonds. Markets.com offers only one live account, which is limited compared to other brokers, but spreads start at 1 pip (EUR/USD), with no commissions and a minimum deposit requirement of only 1500 ZAR.
      

      Full support is offered for MT4, MT5, TradingView and Markets.com‘s award-winning in-house platform. An advanced multi-asset trading platform, its inhouse platform is packed full of features, including excellent trading tools, expert analysis, and in-depth charting. 
      

      Markets.com also provides a high level of customer service compared to other brokers, and all traders are assigned a dedicated Account Manager to assist with any queries regarding their account or using the platform.
      Visit Broker
      Accepts Ugandan Clients. Average spread EUR/USD 1.00 pips on trading account with lowest minimum deposit. Max leverage 1000:1. Islamic account available. MT4, MT5, and Marketsx platforms supported. Markets.com is regulated by the FCA, CySEC, ASIC, and the BVI FSC.

      Pros

      • Regulation by top-tier authorities
      • Hassle-free withdrawal process without any fees
      • Its proprietary trading platform is praised for its user-friendly interface catering to both beginners and experienced traders
      • Competitive spreads starting from 0.6 pips

      Cons

      • The maximum leverage of 300:1 could pose a risk for uninformed traders warranting cautious utilization
      Rating Reviews
      4.08

      Markets.com Overall Summary

      Trust Rating
      4
      Trading Conditions
      4.5
      Platforms
      4.5
      Education
      2.5
      Beginner Friendly
      3
      Assets Available
      4.5
      Analysis Research
      3
      Deposit & Withdrawal
      4.5
      Overall Rating
      4.08
      / 5
      Base Currencies
      USD, AUD, CHF, CZK, DKK, EUR, GBP, NOK, PLN, SEK, ZAR
      Number of FX Pairs
      54
      Crypto Pairs
      43
      Copy Trading
      Yes
      Hedging Allowed
      Yes
      Scalping Allowed
      Yes
      Islamic Account
      Yes
      Account Name
      Commission
      Fees Included in Spread
      EUR/USD
      1.00
      GBP/USD
      1.20
      USD/JPY
      0.70
      Negative Balance Protection
      Yes
      Company Name
      Safecap Investments Limited
      Founded
      2008
      Website
      markets.com
      Website Language
      Arabic, Danish, Dutch, English, French, German, Italian, Spanish
      Support Language
      Arabic, Afrikaans, Bulgarian, French, German, Greek, Italian, Spanish
      Office Locations
      Australia, United Kingdom, Cyprus, South Africa
      Support Email Address
      [email protected]

      Deposit & Withdrawal

      banktransfer
      mastercard
      neteller
      skrill
      visa

      Supported Platforms

      Best MT4 Forex Brokers
      Best MT5 Forex Brokers
      markets.com

      Ready to trade with Markets.com?

      Visit Broker

      Yes, Markets.com is a regulated broker. It is regulated by CySEC of Cyprus and the FSCA of South Africa and offers traders negative balance protection.

      Is markets.com Safe?

      Global Regulation and Oversight: Markets.com operates under several regulatory authorities worldwide through licensed subsidiaries, including:

      • Safecap Investments Limited, which is regulated by the Cyprus Securities and Exchange Commission (“CySEC”) under license no. 092/08. Safecap is incorporated in the Republic of Cyprus under company number ΗΕ186196.
      • Markets South Africa (Pty) Ltd is regulated by the FSCA under license no. 46860 and licensed to operate as an Over The Counter Derivatives Provider (ODP) in terms of the Financial Markets Act no.19 of 2012.
      • Markets International Ltd (“Markets SVG”), a company existing under the International Business Companies (Amendment and Consolidation) Act, Chapter 149 of the Revised Laws of Saint Vincent and Grenadines 2009, with registration number 27030 BC2023.

      Client Protection Measures: Markets.com implements several measures to enhance client security:

      • Trader deposits are kept separate from company operating accounts.
      • Leverage limits are applied in line with local regulatory standards to help manage risk.
      • Traders cannot lose more than their account balance.
      • Eligible clients may be covered by compensation funds depending on the jurisdiction.
      • Marketing and bonus offers are governed by each region’s regulatory guidelines.
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      markets.com’s Trading Instruments

      Markets.com has recently reduced the number of assets on offer from 2000 to 400, which may no longer appeal to traders seeking a broad range of markets, particularly those interested in less common instruments or niche asset classes.

      Available Assets and Leverage

      Markets.com’s range of trading instruments is now more limited than many other brokers, following a significant reduction in available assets, although it still maintains a strong offering in cryptocurrencies.

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      markets.com Accounts and Trading Fees

      Markets.com offers only one live account, which is limited compared to other brokers, and its spreads are around the industry average. 

      Opening an Account

      We tested the account opening process, which took approximately 10 minutes to complete, and once our documentation had been submitted, our accounts were ready for trading within about 24 hours. 

      Trading Fees

      Market.com’s account has a minimum deposit requirement of 100 USD, making it accessible to most traders. The CFD trading account is commission-free, with spreads that start at 1 pip (EUR/USD), which is around the industry average.

      Trading Accounts

      We opened and tested Markets.com’s account and found that, as advertised, spreads are 1 pip on the EUR/USD:

      Professional Accounts

      Professional Trading accounts benefit from increased leverage, preferential trading conditions, and premium research and commentary. Professional traders can also request specific assets be added to the platform. 

      However, please note that as a professional trader, you do waive some protections that are in place to protect retail traders, which do not apply to professional traders.

      To open a Professional Account, you must fulfil at least two of the following three criteria:

      • The size of your financial instrument portfolio, including cash deposits, exceeds €500,000.
      • You work or have previously worked in the financial sector for at least one year in a professional position.
      • You have carried out transactions, in significant size, on the relevant market at an average frequency of 10 per quarter over the previous 4 quarters.
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      markets.com's Trading Platforms

      Markets.com supports a broader range of platforms than most brokers, including MT4, MT5, TradingView, and its own Markets.com platform.

      Mobile Platforms

      Markets.com offers support for the Markets.com App, and MT4, and MT5 mobile trading apps for Android and iOS. 

      Markets.com Mobile App

      We found that the app has a sleek design and intuitive interface. We could easily transfer, withdraw and deposit funds, search for instruments, and create watchlists. It also displays the market sentiment for all instruments. We were also pleased to find that the app has an integrated news feed:

      MT4 and MT5 Mobile Trading  

      The advantage of using the MetaTrader platform is the cross-device and multi-broker functionality, making it easier to change brokers or use multiple brokers.  The markets.com MT4 and MT5 apps allow traders to work from anywhere, with nine timeframes, 30 indicators, and interactive currency charts. Functionality to close and modify existing orders, calculate profit/loss in real-time, and tick chart trading further empowers traders while on the move.  

      TradingView

      The TradingView mobile app, when used with Markets.com, lets traders view advanced real-time charts, technical indicators, alerts and watchlists on iOS or Android and connect their Markets.com account to trade CFDs directly through the TradingView interface. This integration combines TradingView’s powerful mobile charting and community features with Markets.com’s execution and market access across forex, indices, stocks and cryptocurrencies, enabling seamless analysis and order placement on the go.

      Trading Platforms Comparison

      Broker
      Platform Choice
      Copy Trading
      Platforms
      markets.com
      4.5
      / 5
      Read Review
      Yes
      MT4, MT5, markets.com
      XM
      4.5
      / 5
      Read Review
      Yes
      MT4, MT5
      Pepperstone
      5
      / 5
      Read Review
      Yes
      MT4, MT5, cTrader, TradingView, Pepperstone Platform

      Desktop Trading Platforms

      Markets.com offers support for MT4, MT5, and the markets.com trading platforms, which is a wider range than is available at most other brokers.

      markets.com

      The markets.com trading platform is known for its ease of use and excellent features. We found that it offers advanced charting, making it easier to spot trends and identify new trading opportunities, and comprehensive drawing tools to plot trendlines, channels, pitchforks, Fibonacci Retracements, and much more. We were also impressed to find that the platform allows you to add up to five types of indicators to the chart at once, overlay multiple assets, or compare up to eight instruments side-by-side.

      The search function on the markets.com platform is excellent. We were able to search for specific instruments or use filters to navigate asset classes and subcategories to find new trades. In addition, markets.com highlights the hottest instruments and the biggest movers with the Featured tab:

      One drawback of the platform is that it does not allow automated trading, but Markets.com offers MT4 and MT5 for these purposes.

      MetaTrader 4

      Having established itself as the industry-leading platform, Metatrader 4 (MT4) is considered the most reliable and popular platform in existence. Its intuitive interface and user-friendly environment provide essential tools and resources for successful online trading. However, markets.com only offers support for the most basic version of MT4, which means that it lacks essential trading features. There are thousands of add-ons available for free, but traders may have to pay extra to take advantage of the platform’s full functionality. 

      Metatrader 5

      MT5 is more powerful and faster than MT4 when it comes to back-testing functionality for automated trading algorithms.  It also has a built-in news feed, market depth indicator, and economic calendar, and trades can be made on the charts. 

      TradingView

      Markets.com clients can access the TradingView desktop platform for advanced charting, technical indicators, and real-time market analysis, with the ability to link their account and trade CFDs directly from the charts. The integration itself is free for Markets.com clients, but access to TradingView’s higher-tier features—such as additional indicators and multiple chart layouts—requires a separate paid subscription with TradingView.

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      markets.com Deposits and Withdrawals

      Markets.com charges low deposit and withdrawal fees compared to other brokers and offers a wide variety of payment methods.

      Account Currencies and Funding Options

      A well-regulated broker, Markets.com ensures that all Anti-Money Laundering rules and regulations are followed. As such, all non-profit funds are returned to the original deposit source. 

      Accepted Deposit Currencies: The Markets.com client portal allows traders to deposit funds in 9 currencies, including USD, EUR, GBP, PLN, SEK, DKK, NOK, ZAR, and AUD. Unfortunately, Markets.com does not offer accounts denominated in UGX. Markets.com charges a Conversion Fee on some trades. This is a small charge (0.3%) deducted for the currency conversion when the trading account currency and the quoted currency of the underlying asset are different. This is a disadvantage for Ugandans who will likely have bank accounts denominated in UGX.

      A convenient way to save on conversion fees is by opening a multi-currency bank account at a digital bank. Digital banks offer great exchange rates in addition to free or cheap international bank transfers. 

      Funding Methods and Fees: Deposits and withdrawals can be made securely at Markets.com using major debit and credit cards, bank wire transfers, and leading payment services such as Skrill, and PayPal. Markets.com does not charge deposit or withdrawal fees.

      Markets.com provides various payment methods, and its processing times are quicker than other similar brokers. 

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      Markets.com’s Research and Trading Tools

      While Markets.com offers a wide variety of trading tools through its proprietary platform and it offers Trading Central.

      Trading Tools

      Markets.com Platform Tools

      Its powerful suite of decision-supporting tools is one of the main strengths of the markets.com online trading platform. The trading tools menu features several tools that crunch big data from leading analysts, hedge funds, and commentators to give you better insight into the market. Each tool has integrated buy and sell buttons, so you can quickly act upon the information presented.

      Tools include:

      Fundamental Analysis: These include customisable trading alerts, in-platform financial commentary, including central bank statements, earnings announcements, and national budgets available through the platform’s newsfeed. 

      Analyst Recommendations: See what top Wall Street analysts think of leading US stocks. Get price targets and buy/sell ratings on industry leaders like Microsoft, Boeing, Alphabet, and more.

      Insider Trades: See how executives at companies like Apple, Facebook, and Tesla are trading their own stock. Each trade is marked as informative or uninformative so that you can get a clear picture of insider sentiment.

      Hedge Fund Confidence: Follow the smart money with the Hedge Fund Confidence tool, which shows you which stocks the world’s top money managers were buying and selling in the previous quarter.

      Bloggers Opinions: See how top financial bloggers feel about a stock thanks to the Bloggers Opinions tool, which aggregates the latest commentary to tell you if analysts feel bullish or bearish on leading US stocks.

      News Sentiment: Have the latest headlines been bullish or bearish? Cut through the noise with the News Sentiment tool, which distills the latest news into simple insights you can use to inform your trading decisions.

      Trading Central

      Trading Central on Markets.com is an integrated analysis tool that delivers AI-powered market insights, real-time news, technical analysis, and sentiment indicators to support informed trading decisions. By turning complex market data into clear, actionable ideas directly within the platform, Trading Central helps traders quickly identify trends and opportunities with greater confidence.

      Trading Tools Comparison

      Broker
      Economic Calendar
      Autochartist
      Trading Central
      Trading View
      Free VPS
      VPS services are usually offered free with a minimum trade volume, otherwise a monthly subscription fee will apply. VPS services are usually hosted by third-party companies.
      markets.com
      Yes
      No
      Yes
      Yes
      No
      XM
      Yes
      No
      Yes
      No
      Yes
      Pepperstone
      Yes
      Yes
      No
      Yes
      Yes

      Market Analysis

      Top financial analysts and industry leaders deliver exclusive analysis and commentary on the web platform’s integrated video streaming service. Traders can access the latest news and views on the major markets and biggest economic developments, technical analysis, company earnings, On the research side, Markets.com maintains a Market Research section with news, price forecasts and analysis across various assets such as forex, stocks, commodities and cryptocurrencies. Recent research articles include price predictions and outlook pieces, but some of this analysis may not always be updated very frequently compared with dedicated market-analysis platforms.

      Charting Tools: Markets.com provides excellent charting tools, to which traders can add over 80 technical indicators.

      Economic Calendar: Markets.com’s economic calendar allows traders to access predictions, trends, and analyses.  

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      markets.com’s Educational Material

      Traders will be pleased to find that Markets.com offers education available in both written and video formats. It also offers a demo account which gives traders a good feel for its trading platforms.

      Articles, Guides and Demo Accounts

      Markets.com provides a range of educational materials through its Education Centre and Online Trading Academy, including articles, videos, guides and tutorials on trading basics, technical concepts and platform use. It also offers a glossary of trading terms, a Traders’ Clinic feature and previously hosted webinars to help traders improve their skills and understanding. However, the live webinar schedule currently appears limited, with much of the available content drawn from older sessions rather than a regularly updated series.

      Demo Accounts

      Traders can also open a Demo Account, which allows them to learn the platform’s functionality and understand how the markets work. Demo accounts come loaded with 10,000 USD in virtual funds. The demo account lasts for 30 days but can be extended upon request. It is also fully mobile compatible, so you can learn how to trade across all your devices.

      Education Comparison

      Broker
      Beginner Course
      Advanced Course
      Well Structured Education
      Education Quality
      Webinars
      markets.com
      Yes
      Yes
      Yes
      High
      No
      XM
      Yes
      Yes
      Yes
      High
      Yes
      Pepperstone
      Yes
      Yes
      Yes
      Medium
      Yes
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      markets.com’s Customer Service

      Markets.com’s customer support is available 24/5, which is the industry average, but the quality of support far surpasses that of other brokers.  

      24/5 Customer Support

      Markets.com aims to deliver a premium trading experience, and VIP support is a large part of its offering. 

      Technical support and customer service are available 24/5 in various languages over the phone or in-platform with the Live Chat feature. Traders can also get help via email.

      We found the customer service via live chat responsive, polite, and knowledgeable – they were able to answer all our questions.

      How Brokers Are Scored

      FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics. We ensure transparency by incorporating regulator data and user insights. Our in-depth reviews consider over 200 metrics across seven key categories. The radar chart to the left shows how important each category is when calculating a broker’s final score.

      • Trust Rating: Assessment of broker reliability and reputation
      • Trading Costs: Spreads and fees for clear comparisons
      • Platforms: User-friendliness and features 
      • Asset Selection: Forex, stocks, and other available instruments
      • Deposit and Withdrawal: Simple and free deposits & withdrawals
      • Education: Support for beginners and developing traders
      • Customer Support: Accessibility, responsiveness, and expertise


      To ensure fairness and transparency, we independently verify broker claims and integrate real-user feedback, regulator data, and live trading tests. The radar chart to the left illustrates the weight of each category in our final scoring system.

      Why Our Reviews Set the Standard

      Every broker we recommend meets strict trust and safety criteria and is tested for reliability, transparency, and overall trading experience.

      markets.com Risk Statement

      markets.com Risk Statement

      Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. Markets.com would like you to know that: CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Read our PDS. Trading is risky. Any advice provided is general advice only, and has been prepared without taking your individual objectives, financial situation or needs into account. Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice.

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      Meet the Experts Behind Our Unbiased Reviews

      Chris Cammack

      Partner Manager and Financial Writer

      Chris Cammack

      Chris Cammack is partner manager and senior financial writer at FxScouts, specialising in broker relations and forex market analysis. As the former Head of Content (2019–2024), he set editorial standards for all content published at FxScouts, including broker reviews, broker comparison pages and education.


      With over a decade of experience in editorial management and partner relations, Chris builds and maintains our relationships with our partners to provide the best Forex trading experience for our users.


      He also co-hosts the “Let’s Talk Forex” podcast with Alison Heyerdahl, where he explores trading strategies, industry news, and macroeconomic trends to help traders navigate the markets with confidence.


      Alison Heyerdahl

      Head of Content

      Alison Heyerdahl
      Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), and an experienced trader and financial writer with extensive hands-on experience in the Forex trading industry. She specialises in Forex trading, broker analysis, and market research, with a focus on helping traders navigate the complex world of online trading safely and confidently. Alison has tested and reviewed more than 100 Forex brokers, assessing everything from regulatory status and trading conditions to platform features and customer support. Her goal is to provide honest, detailed, and practical insights that traders can rely on when choosing a broker. She’s also produced more than 300 educational videos for the FxScouts YouTube channel, where she explains trading concepts in a clear, accessible way. As the co-host of the “Let’s Talk Forex” podcast, Alison shares expert commentary on broker reliability, trading strategies, and market developments—always with a focus on transparency and trader protection.

      Stefan de Clerk

      Financial Writer

      Stefan de Clerk
      The newest member of our team, Stefan has a degree in Marketing and more than a decade of experience writing quality content in both finance and tech. Stefan's deep fascination with how factors like geopolitical events, big data and market sentiment influence the financial markets drives his passion for Forex trading. He believes that if you want to feel the pulse of the world economy, trade Forex, and if you want to trade Forex, you need well-researched, unbiased and objective information.
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