NoNonsense Forex video podcast

Markets.com Review – Best Forex Broker Outside The US?

By  | 

Nononsense Forex

If you’re outside of the United States, you likely have access to the Best Forex Brokers on the planet.

 

This is my Markets.com review, and yes, I have a bonus for you below if you want it.

 

But definitely check this out first.

 

I only have two top Brokers overall, and then one best Forex broker for us residents.

 

Markets.com is one of my tops, and Blueberry Markets is the other.

 

And the two are very similar in terms of what really matters, but so drastically different beyond that.

 

This is great, because it lets you, the end consumer choose which one you favor the most.

 

But there are three things which are absolute deal-breakers if not done at a top level…

 

The Big Three

 

I asked my readers, subscribers, and the No Nonsense Forex Discord forum what were the main things they wanted in a broker?

 

It always kept coming back to these three things:

 

  1. Ease of use – Don’t make my trading difficult
  2. Customer Service – When there’s a problem, fix it, fix it quickly, and with a native English speaker!
  3. Safety – Don’t do something stupid and lose my money

 

Let’s knock these out real quick because everyone has a concern about at least one of these, if not both.

 

Then we’ll get to the features, I promise.

 

Banned Countries

 

Due to regulations in certain countries, Markets.com is not allowed to accept people from these nations.  Let’s get them out of the way now, because it’s not fair to you to keep reading if you can’t even trade with them

 

Countries not accepted by Markets.com (in alphabetical order):

 

Belgium

Belize

Brazil

Canada

Democratic Republic of the Congo

Ethiopia

France

India

Iran

Iraq

Israel

Japan

North Korea

Northern Mariana Islands

Pakistan

Russia

Serbia

Spain

Sri Lanka

Trinidad and Tobago

Tunisia

USA

Vanuatu

Yemen

 

Again, this isn’t the brokers fault, this is mostly due to the regulations your country puts on trading.

 

You may want to consider my other top rated Forex broker and hope you’re okay there.

 

So are we still good?  Cool, let’s get down to it.

 

Safety First

 

It doesn’t matter how great of a trader you are if you have a dodgy broker.

 

Any broker regulated out of the US, UK, Australia, Singapore or regulated by a large governing body like ESMA or CySEC is going to give you fantastic protection over your trading capital.

 

I’ve heard horror stories from traders who took a blind risk on small companies regulated in places like Russia, Malta, and the Isle Of Man, and had their entire account frozen and/or lost.

READ ALSO  Problems Sighted

 

As long as you’re wise enough to go the smart route instead of the other, you’ll be just fine here.

 

Markets.com is a Dealing Desk broker (which I approve of), is regulated by CySEC and abides by a very strict set of regulations.  They have offices in the UK, South Africa, and Australia.

 

And they are one of the bigger names out there, so capitalization is not a problem here.  On top of that, their also backed by PlayTech, a FTSE 250 company.

 

Customer Service

 

When using something brand new, we’re going to have questions, and problems are always going to come along the way.

 

The last thing a native English speaker want when dealing with something that affects their money, is a non-native English speaker.  Most brokers don’t get this.

 

Markets.com does.  English speakers will always have somebody native to the UK, South Africa, or Australia on the phone or live chat at all times.

 

Other languages available for customer service are Spanish, German, Italian and Arabic.  You can also translate their entire website into one of these languages if you prefer.

 

I played around with their site for awhile, and I had an issue downloading MT4.  The Markets.com live chat fixed the issue about as quick as I’ve ever had a software issue fixed in my life, and I only had to wait 1 minute in the queue.

 

Very impressive.

 

Ease Of Use

 

Markets.com uses MT4, MT5, and thier own proprietary platform for trading and charting.  You definitely want MT4 for charting, but can use any of these options to trade.

 

I’m not a lover of most broker’s proprietary platforms, but the platform on Markets.com is very well received, looks nice and clean, and has plenty of video tutorials available right on the site.

 

I like to trade right off of MT4, and execution was super fast.  Spreads are competitive with the rest of the industry, and for you, dear reader, are going to be even lower if you use the link I provide below.

 

More on that in a bit.

 

What Makes Markets.com Great

 

So apart from the Big 3 we just talked about (and so few brokers excel at all three), what makes Markets.com a top choice for me is the sheer number of things you can trade on the MT4/MT5 platform.

 

MT4 and MT5 are as good as it gets for charting.  We here at No Nonsense Forex use indicators to trade, and seeing as there are over 10,000 of them available, you want to up your odds as much as you can and choose the platform which has the most.

READ ALSO  MacroVoices #194 Peter Boockvar: Inflation is Not a Prerequisite for Central Banks Changing Policy

 

MT4/MT5 have the most by far, and in my opinion the best.

 

Many of the indicators I use in my personal trading system can only be found on MT4/MT5.

 

Followers of this site and YouTube channel will tell you, when you find that perfect combination of Forex indicators, your trading changes in a hurry.

 

Now imagine being able to multiply this by using the same systems on the majority of markets in the trading world!

 

You can trade damn…near…anything on Markets.com (hence the name I guess).

 

On MT4/MT5, you can trade, and this is for real….

 

Forex

Metals

Commodities

ETFs

Bonds

Indices

Stocks (US)

Stocks (European)

Crypto (BTC Futures, Litecoin, Dash, Ripple, Etherium)

 

All of it.

 

This is probably your face, right now.

 

As Phil Collins said, “And I’ve been waiting for this moment, for all my life”.

 

For technical analysis guys like me, charting stocks on stock trading platforms completely sucks, and trying to chart crypto is even worse.

 

But now you can trade them all on the best charting platform known to man.

 

And if you’re unfamiliar with using MT4/MT5, there is an ocean of YouTube videos that will show you how, but you won’t even need many of them because charting here is quite simple.

 

This really does change everything.  And I’m not exaggerating.

 

Extras

 

I mentioned in my other recommendation how I’m a minimalist and don’t need help when it comes to technical analysis, fundamental analysis, sentiment, expert opinions, etc.

 

But I’ve been trading for 10 years and have become a curmudgeon in a lot of ways.

 

I’m certainly not like most people.

 

If you want, and you can take it or leave it, Markets.com does have a very user-friendly lineup of tools in all of these categories to help you become a more educated trader.

 

I won’t go into them much here, but if you go straight to their main website, there are tabs up at the top where you can scope them all out for yourself.

 

What You’ve Been Waiting For (Your Bonus)

 

So on top of being on the high end for safety, ease of use, and customer service…

 

On top of being able to chart and trade just about every traded market out there, and use the killer No Nonsense Forex way of trading on MT4/MT5 on all of them if you so choose….

READ ALSO  Problems Sighted

 

By clicking on my link to sign up, you will also get reduced spreads on every trade!

 

The spreads here are already low!

 

Now you will get even lower spreads. 

 

As we all know, these things can add up big over time.

 

And if you are outside of Europe, you may qualify for an added bonus.  Due to regulations, I will stop here, but call Markets.com for more details.

 

But again, only available through the link as well.

 

Minimum deposit requirements are $250, but can also be lower if necessary, and again, give them a call for more information.

 

Your Bonus Link Below

 

Click HERE to claim your bonus and get started.

 

It is of course an affiliate link, as they always are.  But this offer does not exist anywhere else.

 

I’m having a blast with this thing.  And I really hope you will too.

 

 

— VP

 

 

Trade Responsibly: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading 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.

 

This communication (including any attachments) is sent on behalf of TradeTech Markets Limited or one of its subsidiaries (Markets Group). It contains information which is confidential and privileged. If you are not the intended recipient, please notify the sender immediately and destroy any copies of this communication. Unless expressly stated to the contrary, nothing in this communication constitutes a contractual offer capable of acceptance or indicates intention to create legal relations or grant any rights. The Markets Group monitors communications sent or received by it for security and other purposes. Any views or opinions presented are solely those of the author and do not necessarily represent those of the TradeTech Group.

Risk Warning: Trading Foreign Exchange and Contracts for Differences is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. Please ensure that you fully understand our Risk Disclaimer. http://www.markets.com/risk-disclosure-statement

 

Print Friendly, PDF & Email

Hold dit netværk orienteret