Markets.com South Africa Review

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ZAR 1000
Minimum Deposit
200:1
Maximum Leverage
2.0
Minimum Spread
8.1 TradeForexSA
Pros
  • FSB & CySEC Regulated
  • Advanced charts and technical analysis tools
  • 50+ currency pairs
  • Sign up offers for new clients
  • Zero withdrawal fees
  • Localized customer support telephone numbers
  • Mobile trading supported
Cons
  • No micro accounts
  • No US, Japanese or Canadian traders allowed (but this only affects you if you plan to move)
  • Low sign up offers for new clients.
Summary
One of the fastest growing FOREX providers, Markets.com (South Africa) SA is owned by Tradetech Markets (South Africa) Pty Ltd. a subsidiary of Playtech PLC. In addition to Forex, it specializes in stocks, commodities and CFDs. It is a Cyprus based, licensed under CySEC and FSB in South Africa. The company has clients from around the world, operating in 15 languages.
Account Types7.5
Client Support & Onboarding8.5
Free Services8
Deposit & Withdrawal8.5

Account Types

Markets.com South Africa offers one demo account and two paid accounts. All paid accounts offer desktop and mobile trading, daily analysis, 24-hour support, account managers, webinars, and seminars.

  • Demo Account: Using real-time market data and simulating trading conditions, this account allows you to practice trading and get comfortable with the platform without risking your money. It includes online support to help you get started.
  • Real Account: Requires a minimum deposit of $80.
  • Swap-free Islamic Account:  For religious compliance, Markets.com South Africa offers an optional swap-free account option.  This account option will keep the account free of paying or collecting interest.

The Trading Platform

The Markets platform is a joy to use.  I have put together a few screenshots to show you why I enjoy trading with Markets, and on this system.

Trader Trends – The Most Popular Pairs Being Traded

Open New Trade Screen

Trader Trends

Currency Analysis on the Markets Platform

Cryptocurrency trading at Markets.com

Markets.com SA offers a fairly good variety of cryptocurrencies including Bitcoin, Dash, Ethereum, Litecoin, and Ripple.  The leverage on these products is up to 1:5 which is the middle of the road as far as the industry goes.  What makes markets.com SA attractive here is the variety of cryptocurrencies it offers traders, as not all brokers have this breadth of offering.  Leverage for bitcoin is limited to 1:1.

cryptocurrency spreads at markets-com

Unique Selling Points

  • Supports the best trading platforms – MT4 and Market Mobile Trader
  • Over 2200 trading assets
  • No commissions
  • Leverage of up to 300:1 on Forex trading

Bonus (Special Offer) Structure

Markets.com SA offers three special offer types.

  • Welcome offers: You receive $20 registration bonus when you sign up, by completing registration and verifying your phone number. T&Cs Apply
  • Deposit offer: This is based on the amount you have deposited.
  • Pending offer: You receive this offer based on your trading volume, regardless of the success of the trades.

Pros and Cons

Pros:

  • Beginner friendly
  • Free practice account
  • Low minimum deposit
  • Free real-time quotes
  • Leveraged training
  • 24/7 trading
  • Advanced charts and technical analysis tools
  • 50+ currency pairs
  • Sign up offers for new clients
  • Zero withdrawal fees
  • Localized customer support telephone numbers
  • Mobile trading supported

Cons:

  • No US, Japanese or Canadian traders allowed (but this only affects you if you plan to move)
  • Low sign up offers for new clients.

The Breakdown

Markets.com SA is a user-friendly platform for trading Forex and ideal for beginners thanks to its unlimited practice account and 24-hour support. With multiple platforms, you can tailor your trading experience. If you’re looking for a trusted Forex platform, Markets.com SA is not only regulated by two authorities but has also been globally recognized, winning awards from the London Investor Show Forex and Global Banking & Finance Review.

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