MarketsX Review

Author By Jeffrey Cammack Author Information Updated: November 4, 2020
Overall Rating
4.39 4.39 / 5
Rated #6 of 49 Recommended Brokers
Min. Deposit
ZAR 2500
Regulators
Trading Desk
Trading CostTrading Cost Information
USD 6
Website Language
English, Portuguese, Arabic
Support Language
English, Portuguese, Arabic
AlertAccepts South African Clients. Average spread EUR/USD 0.60 pips on trading account with lowest minimum deposit. Max leverage 300:1. Islamic account available. MT4 & MT5 platforms supported. MarketsX is regulated by CySEC, ASIC, and the FSCA.

Summary

Marketsx is a premium trading platform. It’s operated by Markets.com and offers traders fast, low-cost trading on over 2,200 financial instruments. Marketsx provides CFD trading on global stock, forex, commodity, indices, cryptocurrency, ETF and bond markets. Clients in the UK can also use spread bets on applicable instruments.

The proprietary Marketx trading platform is packed full of features and trading tools and is optimised for lightning execution. As well as in-depth charting and asset comparison tools, Marketsx also gives traders a wealth of decision-supporting data with sentiment tools, tutorials, and regular live-streamed, expert analysis.

Owned by Tradetech Markets (South Africa) Pty Ltd., a subsidiary of Playtech PLC, Markets.com (South Africa) SA is one of the best-recognised Forex brands.

Reviews

Regulation
11110.54.5/ 5
Trading Conditions
11110.54.5/ 5
Trading Platforms
11110.54.5/ 5
Deposit & Withdrawal
11110.54.5/ 5
Education & Research
1110.503.5/ 5
Assets Available
111115/ 5
Customer Service
111104/ 5
Beginner Friendly
Excellent
Bonuses
20% First Deposit Bonus

Account Information

Base Currencies
ZAR, USD, AUD, DKK, EUR, GBP, NOK, PLN, SEK
Number of FX Pairs
50+
Copy Trading
Yes
Hedging Allowed
Yes
Scalping Allowed
Yes
Islamic Account
Yes

Trading Conditions

Min. Spread
0.60 pips
Commission
Fees Included in Spread
EUR/USD
1.9
GBP/USD
2.1
USD/JPY
2.9
Max. Leverage
300:1

Company Details

Company Name
TradeTech Markets (South Africa) (Pty) Limited
Founded
2008
Office Locations
Cyprus, UK

Is Marketsx Safe?

High security and privacy standards are top priorities at Markets.com and the platform uses encryption, strong firewalls, and Secure Sockets Layer (SSL) software to protect information during transmission. Its trading servers are located in SAS 70 certified data centres, and all client funds are held in segregated trading accounts, providing a further level of protection. Clients of Markets.com also enjoy negative balance protection.

Markets.com is part of the Playtech Group, a global technology leader. Playtech is traded on the London Stock Exchange’s Main Market and is a constituent of the FTSE 250 index.

In Europe, Markets.com and Marketsx is operated by Safecap Investments Limited (“Safecap”) and has been regulated by CySEC (licence no. 092/08) since 2008, and TradeTech Markets (South Africa) PTY Ltd (Markets.com’s South African operator) has been regulated by ASIC (licence no. 43906) since 2010, and the FSCA (FSP:43906) since 2012. In South Africa, Markets.com offers:

  • Leverage up to: 1:300
  • Up to 35% first deposit bonus
  • Clients’ funds kept in segregated bank accounts
  • Negative Balance Protection

Markets.com has won numerous industry awards, some of their most significant achievements include:

  • Best Customer Service 2012 (London Investor Show Forex)
  • Best Broker in Customer Service Europe 2012 (Global Banking and Finance Review)
  • Best Forex Trading Platform 2017 (UK Forex Awards).
  • Best Forex Provider 2017 (UK Forex Awards).

Trading Conditions

Traders have a choice of over 2,200 instruments on the Marketsx platform. Account-holders can trade CFDs on:

  • Over 50 global major, minor, and exotic FX pairs including GBP/USD and EUR/USD
  • Leading stocks such as Apple, Amazon, Facebook, and Tesla from US, UK, European, Australian and Asian markets
  • Over 25 major market indices including the Dow, DAX, FTSE 100, ASX and Hang Seng, with both cash and futures CFDs available for many
  • Top commodities, including precious metals like gold, silver and palladium; crude and Brent oil cash and futures, as well as natural gas and heating oil; and softs such as coffee, sugar, and soybeans
  • Six of the world’s biggest cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, Ripple, Litecoin, and Dash
  • Dozens of regional and sectoral ETFs
  • US, UK and German government bonds

Marketsx offers unique trading Blends – stock baskets that track market sectors, the portfolios of legendary investors, or even the fallout from top geopolitical events. There are over a dozen Blends available to trade, including the US Tech Blend, the Cannabis Blend, the Warren Buffett Blend, and the Brexit Winners and Brexit Losers Blends.

Traders can also take a position on four of the world’s biggest cryptocurrencies – Bitcoin, Ethereum, Ripple, and Litecoin – at once with the Crypto Blend.

Trading Accounts

Scroll for more detailsPreviousNext
Display Name
Min. Deposit
Max. Leverage
Min. Spread
Commission
Live
USD 250
300:1
0.9
None
Account Details

Marketsx offers both retail and Professional trading accounts in English, Arabic, German, Danish, Spanish, French, Italian, Dutch, and Portuguese.

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.

A retail account can be opened with a minimum deposit of $250/£250/€250.

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.

You can also open a Demo Account, which allows you to learn the functionality of the platform and understand how the markets work with virtual money before committing any of your own funds.

Marketsx also offers Swap Free accounts that operate in line with Sharia law.

Deposits and Withdrawals

Deposits and withdrawals can be made securely using major debit and credit cards, bank wire transfer, and leading payment services such as Neteller, Skrill, and PayPal.

There are no withdrawal fees – only the following minimum requirements apply:

  • Credit/Debit Card – 10 USD/EUR/GBP
  • Neteller/Skrill – 5 USD/EUR/GBP
  • Wire Transfer – 100 USD/EUR/GBP

To comply with anti-money laundering laws, withdrawals must be made to the same account and via the same payment method as the deposit.

How Fast are Deposits Processed?

  • Credit/debit card transactions take approximately 24 hours to process upon receipt. After clients have completed Markets.com’s Onboarding Process, their deposits will be credited to their trading accounts immediately.
  • Wire transfers take approximately 1-2 business days to process upon receipt.
  • E-wallet deposits can take up to 24 hours to reflect in your trading account.

Spreads and Commissions

There is no commission on trades, which means that usually, the only transaction costs are the spread and rollover charges, where applicable. Beware that Markets.com do charge 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.

Marketsx Trading Tools

Its powerful suit of decision-supporting tools is one of the main strengths of the Marketsx online trading platform. The trading tools menu features a number of 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:

  • 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 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 distils the latest news into simple insights you can use to inform your trading decisions.

Traders can easily stay on top of market movements and changes in sentiment thanks to the highly customizable alerts function. Set alerts for any instrument based upon price targets or swings, as well as changes in sentiment data (where available). These alerts can be delivered by email or push.

Traders can also utilize the huge choice and low costs of Marketsx with their favourite MetaTrader 4 and 5 setups.

Markets.com For Beginners

Education Material

There are plenty of trading resources packed into the Marketsx platform to help traders improve their market knowledge and discover new approaches and strategies.

Stay on top of the events and market developments that matter to you with rolling market coverage via push and in-platform messages and email. Prepare for the coming week’s trading with the Week Ahead briefing, delivered to your inbox every Sunday, and download in-depth guides on top markets to bolster your knowledge.

The in-platform Knowledge Centre is packed full of content to help traders get the most out of the platform and find more trading opportunities.

Analysis Material

Top financial analysts and industry leaders deliver exclusive analysis and commentary on XRay – the platform’s integrated video streaming service. Get the latest news and views on the major markets and biggest economic developments, technical trends, company earnings and more. Marketsx account holders often get exclusive access to the latest training and strategies from top educational providers.

On top of a packed schedule of regular shows, XRay brings you exclusive live coverage of key events, such as central bank decisions and the US nonfarm payrolls reports, as well as political news and breaking market developments.

The Knowledge Centre also contains video tutorials on using the platform’s features and tools, as well as MARKETS View – where you’ll find the latest commentary and analysis.

Customer Support

Marketsx aims to deliver a premium trading experience, and VIP support is a large part of that. Customer support is available in a range of languages.

All traders are assigned a dedicated Account Manager to help them with any queries regarding their account or using the platform.

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

Trading Platforms

Marketsx is available online and via the dedicated mobile trading app.

The online platform is packed full of features. The platform offers advanced charting, making it easier to spot trends and identify new trading opportunities. Traders can make use of the comprehensive drawing tools to plot trendlines, channels, pitchforks, Fibonacci Retracements, and much more on the charts. The platform also allows you to add up to 5 of each type of indicator to the chart at once, overlay multiple assets onto one chart, or compare up to 8 instruments side-by-side.

Traders can place orders, including out-of-hours orders where applicable, and use risk management options such as stop loss and limit orders from both the app and the desktop platfroms.

Search for specific instruments or use the filters to navigate through asset classes and subcategories to find new trades. You can see the hottest instruments and the biggest movers with the Featured tab, and keep track of your favourites with the Watchlist.

Opening an Account:

Opening an account with Marketsx is free, straightforward and you can have your account in minutes. You can also practice trading risk-free with demo funds of $10,000. Start trading in just four steps:

  1. Register: Create an account and submit your application
  2. Practice: Use the demo account to trade with $10,000 before you start
  3. Fund: Add funds to your account in one of several secure methods
  4. Trade: Access over 2200 instruments and 50 FX pairs to trade your way

Traders from the following countries cannot create a Marketsx account: Russian Federation, Brazil, Switzerland, Japan, United States, Canada, Belgium, Israel, Turkey, New Zealand, Malaysia, Syria, Thailand, Indonesia, Iran, Iraq, Hong Kong, Philippines, Puerto Rico.

Evaluation Process

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the Marketsx offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

Marketsx Risk Statement

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. Marketsx would like you to know that: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.93% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overview

Marketsx is a new brand and product from Markets.com, which is a reputable broker with high-security standards. Based on their security measures, segregated trading accounts, and negative balance protection, protecting client funds is clearly a priority with Markets.com.

We like the new Marketsx proprietary trading platform, which is feature-rich and very easy to use for new traders. 

Other positive aspects of the Marketsx platform include:

  • Competitive spreads and no commission
  • A large range of tradeable instruments
  • Excellent trading tools
AlertAccepts South African Clients. Average spread EUR/USD 0.60 pips on trading account with lowest minimum deposit. Max leverage 300:1. Islamic account available. MT4 & MT5 platforms supported. MarketsX is regulated by CySEC, ASIC, and the FSCA.
Scroll for more detailsPreviousNext
Overall Rating
Min. Deposit
Regulation
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Pros
Cons
Regulation
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Leverage
Spread
Hedging
Scalping
Account Types
Islamic Account
Trading Platforms
Funding Methods
Trading Commission
11110.54.39/ 5
ZAR 2500
Market Maker
Commodities, Cryptocurrencies, Bonds, Blends
50+
6
  • Well regulated
  • Tight spreads
  • Wide range of assets
  • Fast and free withdrawals
  • High minimum deposit
11110.54.5/ 5
11110.54.5/ 5
11110.54.5/ 5
11110.54.5/ 5
1110.503.5/ 5
111115/ 5
111104/ 5
74.93% of retail investor accounts lose money when trading CFDs with this provider
300:1
0.60 pips
Yes
Yes
Live
Yes
MT4, MT5
Bank Transfer, Mastercard, Maestro, Neteller
Fees Included in Spread
1110.503.33/ 5
USD 200
Market Maker
Commodities, Cryptocurrencies, Forex, Equities
47
16
  • Well regulated
  • Good for beginners
  • Innovative trading tools
  • Limited education
  • Wide spreads
11110.54.5/ 5
110.5002.5/ 5
111104/ 5
110002/ 5
10.50001.5/ 5
111104/ 5
111104/ 5
71% of retail investor accounts lose money when trading CFDs with this provider
400:1
1 pips
Yes
Yes
Professional, Standard
Yes
etoro
Mastercard, Neteller, Skrill, Paypal
Fees Included in Spread
1110.503.73/ 5
USD 500
Market Maker
Commodities, Forex, Equities, ETFs
48
0
  • Good range of accounts
  • Wide range of assets
  • Wide spreads
  • Limited education
  • Limited market analysis
  • High minimum deposit
111104/ 5
1110.503.5/ 5
11110.54.5/ 5
11110.54.5/ 5
10.50001.5/ 5
11110.54.5/ 5
111003/ 5
69.7% of retail investor accounts lose money when trading CFDs with this provider
400:1
2 pips
Yes
Yes
Gold, Islamic, Mini, Platinum
Yes
MT5, Sirix
Mastercard, Maestro, Skrill, Neteller
Fees Included in Spread
Visit Broker
AlertMost retail CFD accounts lose money. Your capital is at risk.

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