Markets.com Overview

Markets.com, operated by Safecap Investments Ltd, is a contract for difference (CFDs) broker that facilitates trading in stocks, indices, forex, commodities, bonds, and cryptocurrencies. The platform boasts a user base of over five million registered accounts. CFDs allow traders to speculate on asset prices without owning the underlying asset, offering the ability to apply leverage and take short positions. This is a notable advantage, especially considering that not all cryptocurrency trading services support short positions.

Cryptocurrency Trading with Markets.com

Markets.com provides access to six cryptocurrency trading instruments, including Bitcoin, Bitcoin Cash, Dash, Ethereum, Litecoin, and Ripple. Leverage of 1:2 is available for most products, with the exception of Bitcoin which does not offer leverage. While this leverage is comparatively lower than what some competitors offer, it still provides opportunities for trading flexibility. Most of the cryptocurrency products are available for trading 24/7, except for Bitcoin futures, which are accessible from Sunday 11 pm to Friday 10 pm.

Fees and Transparency

When it comes to fees, Markets.com takes a unique approach. The platform does not explicitly charge trading commissions. Instead, their fees are incorporated into the bid-ask spread. This approach can result in wider spreads compared to some competitors. Additionally, there is a financing fee applicable to overnight positions. This fee varies per instrument and may change in calculation, but generally aligns with industry standards. It's worth noting that the fee structure for Markets.com is less transparent and can be more challenging to locate compared to other platforms.

Note: Trading CFDs involves a significant risk, as 76.6% of retail investor accounts lose money with this provider. Traders should carefully consider their understanding of CFD trading and their risk tolerance before engaging in such activities.