marketsx-review Review 2023

  • 7.6 review summary

Markets.’s deposit and withdrawal services are fast and free, and you can use multiple options including credit/debit cards and electronic wallets. Account opening is also fast and user-friendly. offers high-quality research tools such as trading ideas and a good interactive chart. On the negative side, has high forex fees, and its product selection is limited to CFDs and forex. The web and mobile trading platforms, while generally user-friendly, lack some useful features like two-step authentication. BrokerChooser gave a 3.8/5 rating based on analyzing 500+ criteria and testing via opening a live account. is a regulated broker, it is overseen by top-tier financial regulators in multiple countries . is also covered by investor protection in selected jurisdictions. We at TradingBrokerView always test brokers with real money, including the withdrawal process.

Interactive Brokers is available in Pakistan pros and cons

Pros Cons
Free and fast deposit and withdrawal High forex fees
Easy and fast account opening Limited product portfolio
Great tools for learning and research Platforms lack some common features main highlights

🗺️ Country of regulationCyprus, UK, Australia, South Africa, British Virgin Islands
💰 Trading fees classHigh
💰 Inactivity fee chargedYes
💰 Withdrawal fee amount$0
💰 Minimum deposit$100
🕖 Time to open an account1 day
💳 Deposit with bank cardAvailable
👛 Depositing with electronic walletAvailable
💱 Number of base currencies supported11
🎮 Demo account providedYes
🛍️ Products offeredCFD (forex, stock, ETF, index, bond, commodity, crypto), Blends (CFD funds)
Our overall Interactive Brokers rating
  • 7.6

  • Fees
  • Account opening
  • Deposit and withdrawal
  • Web trading platform
  • Mobile trading platform
  • Desktop trading platform
  • Markets and products
  • Research
  • Customer service
  • Education
    10 review

Fees charges no account, deposit or withdrawal fees. However, the positives end there as it has high forex fees, rather average CFD fees, and also charges an inactivity fee.

Pros Cons
No withdrawal fee High forex fees
Inactivity fee fees snapshot
AssetsFee levelFee terms
S&P 500 CFDAverageThe fees are built into the spread, 4 points is the average spread cost during peak trading hours.
Europe 50 CFDLowThe fees are built into the spread, 1.6 points is the average spread cost during peak trading hours.
EURUSDHighThe fees are built into the spread, 0.4 pips is the average spread cost during peak trading hours.
Inactivity feeAverage$10 per month after 3 months of inactivity

How we ranked fees

We ranked’s fee levels as low, average or high based on how they compare to those of all reviewed brokers.

First, let’s go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees.

  • Trading fees occur when you trade. These can be commissions, spreads, financing rates and conversion fees.
  • Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.

In the sections below, you will find the most relevant fees of for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates.

We also compared’s fees with those of two similar brokers we selected, and eToro. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of alternatives.

To have a clear overview of, let’s start with the trading fees. trading fees’s trading fees are mixed. Forex fees are high, while CFD fees are rather average.

We know it’s hard to compare trading fees for CFD brokers. So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products.

We selected popular instruments within each asset class:

  • Stock index CFDs: SPX and EUSTX50
  • Stock CFDs: Apple and Vodafone

A typical trade means buying a leveraged position, holding it for one week and then selling. For the volume, we chose a $2,000 position for the stock index and stock CFDs and $20,000 for the forex transactions. The leverage we used was:

  • 20:1 for stock index CFDs
  • 5:1 for stock CFDs
  • 30:1 for forex

These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. Let’s see the verdict for fees.

CFD fees has generally average CFD trading fees. CFD fees for a $2,000 long position held for one week eToro
S&P 500 index CFD fee $5.1 $3.6 $3.1
Europe 50 index CFD fee $2.6 $5.5 $3.2
Apple CFD fee $15.8 $2.2 $6.4
Vodafone CFD fee $45.8 $3.4

Forex fees’s forex fees are high. forex benchmark fees of a $20,000 30:1 long position held for one week eToro
EURUSD benchmark fee $25.9 $8.7 $15.6
GBPUSD benchmark fee $20.7 $6.6 $4.5
AUDUSD benchmark fee $21.4 $6.1 $9.6
EURCHF benchmark fee $21.5 $10.5 $12.5
EURGBP benchmark fee $23.9 $10.9 $16.4

Non-trading fees does a good job in general with non-trading fees as there are no account, deposit or withdrawal fees.

On the other hand, it does charge an inactivity fee of $10 per month already after 3 months of inactivity. non-trading fees eToro
Account fee No No No
Inactivity fee Yes No Yes
Deposit fee $0 $0 $0
Withdrawal fee $0 $0 $5 review

Account opening

Account opening at is seamless, fast and fully digital. You can open your trading account within a day.

Pros Cons
Fast None
Fully digital
Low minimum deposit

79.9% of retail CFD accounts lose money accepts customers from many countries globally, including most EU member states, the UK, Australia and South Africa. There are some notable exceptions, though, such as citizens of the US, Canada, New Zealand, Hong Kong, Japan, Israel, Russia, Brazil, Turkey or Belgium.

What is the minimum deposit at

The required minimum deposit at is €/£/$100.

Account types does not offer separate account types. With a single registration, you’ll have the option to try out a real and a demo account

The demo account comes with $10,000 in virtual funds so that you can test the platforms and the services offered by the broker before depositing your own funds. If the demo account is not used for a period of 90 days or more, it will be set as inactive.

How to open your account

Account opening is very easy and fully digital. It took one day for our account to be approved.

Here are the steps of the account opening process:

  1. Enter your personal and financial information.
  2. Indicate your trading experience and fill out a test about your financial knowledge.
  3. Verify your identity and residency. You can upload a national ID, passport or driver’s license to verify your identity, while utility bills or bank statements are accepted for residency verification. review – Account opening

Our best alternatives to are:

The highest ranking competitors are:

  1. full review
  2. eToro full review
  3. XTB full review
  4. IG full review review

Deposit and withdrawal provides multiple deposit and withdrawal options free of charge on a user-friendly interface.

Pros Cons
Credit/Debit card available None
Free withdrawal
No deposit fee

Account base currencies

At, you can choose from 11 base currencies: available base currencies

If you’re using the MetaTrader platform, you can select the following currencies: EUR, GBP, USD, AUD, CAD, JPY and PLN.

Base currencies at vs similar brokers eToro
Number of base currencies 11 5 1

This selection is great compared to competing brokers. Both and eToro offer fewer base currencies.

Why does this matter? For two reasons. If you fund your account in the same currency as your bank account or you trade assets in the same currency as your account base currency, you don’t have to pay a conversion fee.

A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These offer bank accounts in several currencies with great currency exchange rates as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone.

Deposit fees and options charges no deposit fees.

Similarly to most other CFD brokers, there are several ways to fund your account:

  • Bank transfer / fast bank transfer
  • Credit/Debit card
  • PayPal
  • Skrill
  • Neteller
  • Sofort
  • iDeal deposit options eToro
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes

A bank transfer can take several business days, while payment with a credit/debit card is instant.

You can only deposit money from accounts that are in your name. review – Deposit and withdrawal – Deposit withdrawal fees and options charges no withdrawal fees. You can use the same methods for withdrawal as for deposits. withdrawal fees and options eToro
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Withdrawal fee $0 $0 $5

How long does it take to withdraw money from We tested credit card withdrawal and it took 1 business day.

You can only withdraw money to accounts that are in your name.

How do you withdraw money from

  • Click on the menu in the top right corner of your screen.
  • Select ‘Withdrawal’.
  • Choose the method (bank transfer, credit/debit card or electronic wallets).
  • Enter the withdrawal amount and initiate the transaction. review

Web trading platform’s web trading platform is easy to use, offering great search functions and price alerts. Still, it lacks some important features such as two-step login or a fee report.

Pros Cons
User-friendly No clear fee report available
Good search function No two-step (safer) login
Price alerts Limited customizability (for charts, workspace) platforms to choose from
Trading platform Score Available
Web 3.8 Yes
Mobile 4.3 Yes
Desktop 3.4 Yes provides many different trading platforms: trading platforms
Markets.con MetaTrader 4 and 5
Own or third-party platform Own Third-party
Available products CFD and forex CFD and forex
Web platform available Yes Yes
Mobile platform available Yes Yes
Desktop platform available No Yes

In this review, we reviewed the’s web platform. The platform is available in many languages, listed in the table below. web platform available languages
English German Dutch
Spanish French Italian
Danish Portuguese Arabic

Look and feel’s web trading platform is user-friendly and has a clean design. On the negative side, you cannot customize it to your personal preferences. You can, however, choose among various layouts, and you can also resize the windows, which is always a plus. review – Web trading platform

Login and security only provides one-step login. We missed a more secure, two-step authentication process.

Search functions

The platform’s search functions are good. You will easily find what you’re looking for and you will get relevant results for your search. review – Web trading platform – Search

Placing orders

While some more sophisticated order modes are missing, you can use the following basic order types:

  • Market
  • Limit
  • Stop

To get a better understanding of these terms, read this overview of order types. review – Web trading platform – Order panel

Alerts and notifications

We were impressed by the alert and notification functions on Marketsx. You can set up email and SMS notifications as well as price alerts. However, it’s not possible to set a notification for order confirmations.

Portfolio and fee reports has clear portfolio reports that are easy to find under the ‘My accounts’ menu, where you can also download them. However, we missed a clear fee report where we could easily view swap charges.

79.9% of retail CFD accounts lose money review

Mobile trading platform has a user-friendly and well-designed mobile app with a great search function and price alerts. However, there is no two-step authentication or Touch/Face ID login.

Pros Cons
User-friendly No two-step (safer) login
Good search function No Touch/Face ID login
Price alerts

In addition to’s own mobile trading platform, you can also use MetaTrader 4 and 5 for trading on the go. In this review, we tested’s own mobile trading platform. has mobile apps for both iOS and Android. For this review, we tested the iOS version.

The mobile trading platform is available in many languages.

Available languages on the mobile platform
Arabic Bulgarian Czech Danish
Dutch English Finnish French
Italian Norwegian Polish Portuguese
Romanian Russian Slovenian Swedish

Look and feel

The mobile trading platform shares a lot of similarities with the web platform. It looks nice and you can navigate it with ease. There is a smooth onboarding process when you first log in, and after a few minutes, you are good to go. review – Mobile trading platform

Login and security requires only one-step login for its mobile platform; having two-step authentication would provide an added layer of security. Also, you can’t log in using biometric authentication. Providing this feature would make the login process more convenient.

Search functions

The search functions are good: when you start typing, you will immediately see all the available options. review – Mobile trading platform – Search

Placing orders

You can use the same order types as on the web platform. review – Mobile trading platform – Order panel

Alerts and notifications

You can set alerts and notifications on the mobile platform. Either go to ‘My account’ and select ‘Price alerts’, or use the bell icon next to the traded instruments. You can be notified via email as well as mobile or web push notifications.

79.9% of retail CFD accounts lose money review

Desktop trading platform’s desktop trading platform is provided by MetaTrader. It is well customizable and you can set price alerts, but it lacks two-step login and the design is outdated.

Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) Poor design
Price alerts offers MetaTrader 4 and MetaTrader 5 as desktop trading platforms. desktop trading platform languages
Arabic Bulgarian Chinese Croatian Czech Danish
Dutch English Estonian Finnish French German
Greek Hebrew Hindi Hungarian Indonesian Italian
Japanese Korean Latvian Lithuanian Malay Mongolian
Persian Polish Portuguese Romanian Russian Serbian
Slovak Slovenian Spanish Swedish Tajik Thai
Traditional Chinese Turkish Ukrainian Uzbek Vietnamese

Look and feel’s desktop trading platform has great customizability. You can easily change the size and position of each tab.

However, the platform feels outdated, and some features are hard to find. For example, it took us a while to figure out how to add an asset to the watchlist. review – Desktop trading platform

Login and security provides only one-step login. Two-step authentication would be more secure.

Search functions

The platform’s search functions are OK. You can find assets by browsing various category folders, although this is a bit confusing as there are several seemingly identical forex folders to choose from. We also missed the usual search function where you can type an asset’s name manually. review – Desktop trading platform – Search

Placing orders

You can use some of the usual basic order types on the MetaTrader desktop platform. The following order types are available:

  • Market
  • Limit
  • Stop
  • Trailing Stop

Trailing Stop is available only in the MT4 desktop platform.

If you are not familiar with these order types, read this overview.

There are also order time limits you can use:

  • Good ’til canceled (GTC)
  • Good ’til time (GTT) review – Desktop trading platform – Order panel

Alerts and notifications

You can set alerts and notifications in the form of e-mails, mobile push notifications, or notifications on the desktop platform itself.

To set email or mobile notifications, you have to add your email address and your mobile MetaQuotes ID (it can be found in MT4 app’s settings). You can add them if you go to ‘Tools’ and then ‘Options’.

Portfolio and fee reports has clear portfolio and fee reports. You can easily see your profit-loss balance and the commissions you paid. These reports can be found under the ‘Account History’ tab. To download them, right-click then choose ‘Save as Detailed Report’.

79.9% of retail CFD accounts lose money review

Markets and products’s product portfolio covers CFDs. However, some other popular asset classes such as stocks, ETFs, options or futures are not available. is primarily a CFD and forex broker. To learn more about CFDs, read our CFD trading tips.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.9% 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. provides a good range of CFDs however, it lags behind’s offering in most product categories. product selection eToro
Currency pairs (#) 67 138 49
Stock index CFDs (#) 40 26 16
Stock CFDs (#) 2,000 5,430 2,000
ETF CFDs (#) 66 150 264
Commodity CFDs (#) 28 48 24
Bond CFDs (#) 4
Cryptos (#) 25 490 76

The UK’s Financial Conduct Authority (FCA) banned the sale of crypto derivatives to UK retail customers from January 2021. This means that crypto CFDs are not available for UK residents or at brokers regulated in the UK.

We were told by customer support that it’s not possible change the default leverage of the products. This is a drawback, as we think that being able to change the leverage manually is a very useful feature when you want to lower the risk of your trade. Always be careful with forex and CFD trading, as preset leverage levels may be too high. also offers CFD Blends, which are basically combinations of several CFDs organized along themes like ‘cryptoblend,’ ‘Brexit winners’ or ‘Brexit losers.’ The composition of these CFD portfolios is fairly transparent, and you can also check their past performance. We really liked this function. review

Research has great research tools, including charting, recommendations and a high-quality news flow. You can also get some limited fundamental data on assets.

Pros Cons
Good interactive chart Limited fundamental data
Trading ideas

Trading ideas provides trading ideas. These recommendations clearly state whether to buy or sell the asset in question, and also include target prices. However, no reasoning is provided for these recommendations.

You can also find stock recommendations from analysts. These are experts from top-tier banks such as JP Morgan, Goldman Sachs, Merrill Lynch, etc. We liked that they are ranked based on their past forecasting performance.

You can also see what bloggers at Seeking Alpha or The Motley Fool write about some of the stocks available at

In addition, there’s an Insider Trades Sentiment section where you can see how insiders – such as company management or other stakeholders – traded the stock in question.

In the Hedge Fund Sentiment section, you can see how leading fund managers have adjusted their positions over the previous quarter. review – Research – Recommendations

Fundamental data

There is a menu for fundamental data, but it contains no real useful data on fundamentals like financial ratios or past financial reports; only some basic company data. You can take a quick look at some basic financial data when you click on the relevant tab of an asset. review – Research – Fundamental data

Charting has good charting tools; you can add 81 technical indicators. For some stocks, you can access technical recommendations from analysts, bloggers and hedge funds. review – Research – Charting

News feed

Under News Sentiment, you can find all the relevant news for each asset. It includes a color-coded score for each item, allowing you to see whether the news is positive, neutral or negative. review – Research – News Sentiment review

Customer service’s customer service is good: you can reach it via several channels and get quick and useful responses. However, it is not available on weekends.

Pros Cons
Phone support No support on weekends
Live chat
Fast response time

You can contact via:

  • live chat
  • phone
  • email
  • online query form’s customer service was always quick, reliable and professional when we tested it. For example, when we asked about fees, they also brought up financing rates. You can rate your agent at the end of the conversation, which is a good way to provide feedback.

If you prefer queries over the phone, you can call a phone number appropriate for your region; you can find these phone numbers on the website.

  • EU: +357 2222 2121
  • AU: +61 280 144929
  • Other countries: +44 203 1500 380

On the negative side, customer service is only 24/5, meaning it is not available on weekends. review – Customer Service

79.9% of retail CFD accounts lose money review

Education has good education materials, including a demo account, regular webinars, and tutorial videos on its YouTube platform.

Demo account None
Trading platform tutorial 
Educational videos 

At, you can learn in the following ways:

  • Demo account
  • Platform tutorial videos
  • General educational videos
  • Webinars

Previously, educational videos were available on the website’s Knowledge Centre, but now you can find them either on the platform or on the YouTube channel. Educational content includes tutorial videos, short videos about trading tips, as well as some longer, 60-minute videos on special topics such as trend signals. review – Education

79.9% of retail CFD accounts lose money review

Safety is regulated by many authorities globally, including the top-tier FCA. It offers negative balance protection and has a solid background, but it has no banking license.

Pros Cons
Negative balance protection Does not hold a banking license
Regulated by the top-tier FCA is the trading and investing arm of a group called Finalto, which is owned by Gopher Investments, a consortium of Asian and American investors.

Is regulated?

Yes, it is regulated by several financial authorities:

  • the Financial Conduct Authority (FCA) in the UK
  • the Australian Securities and Investments Commission (ASIC) in Australia
  • the Cyprus Securities and Exchange Commission (CySEC) in Europe
  • the BVI Financial Services Commission (FSC) in the rest of the world

Is safe?

To be certain if a brokerage is safe, we highly advise that you check two facts:

  • how you are protected if something goes wrong
  • what the background of the broker is

How you are protected operates several subsidiaries; which one of these will serve you will depend on your residence. The investor protection amount you are eligible for depends on the country of the subsidiary you are signing up with. investor protection
Country of clients Protection amount Regulator Legal entity
EEA €20,000 Cyprus Securities and Exchange Commission (CySEC) Safecap Investments Ltd
UK £85,000 Financial Conduct Authority (FCA) Finalto Trading Limited
Australia No protection Australian Securities and Investments Commission (ASIC) Finalto (Australia) Pty Ltd
South Africa No protection Financial Sector Conduct Authority (FSCA) Finalto (South Africa) Pty Limited
Rest of the world No protection BVI Financial Services Commission (FSC) Finalto (BVI) Ltd provides negative balance protection for retail clients. This means your balance cannot go negative if you trade with leverage, which limits some of your risks. review – Regulation

Background’s background is a bit complicated. Safecap Investments Limited operates in Cyprus, while the other entities are operated by Finalto Group. Safecap Investments Limited is owned by Finalto Limited, which is a subsidiary of Gopher Investments, a consortium of Asian and American investors. was established in 2008. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises.

The fact that is regulated by at least one top-tier financial authority and offers negative balance protection are all good signs for its safety. review

Bottom line is a CFD broker regulated by several authorities globally, including the top-tier FCA in the UK and ASIC in Australia.

Account opening at is seamless and fast; it has good research tools and great customer service; and it is regulated by multiple top-tier financial authorities.

On the negative side, forex trading fees are high, and product selection mostly covers only CFDs and forex. We also missed some important features on the trading platforms, such as two-step authentication, or price alerts on the web platform.

All in all, may be a good choice for CFD and forex traders. As the account opening is super easy, feel free to try it.

79.9% of retail CFD accounts lose money review


We recommend for traders looking to venture into CFD trading.

Below, you can find links to all aspects of in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our fees article.

What about the minimum deposit?

Our ultimate guide to the minimum deposit is updated regularly.

How to start your account?

Look no further than our evaluation of the account opening.

How’s their trading app?

Here’s our expert view after checking the trading app.

Is the quality of customer service satisfactory?

All you need to know about customer service.

Legit or scam?

Is legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether is really free.

Is this broker good for beginners?

We checked it in Is good for beginners.

Should you buy your silver bullets on

Research for silver bugs in the Silver buy on guide.

I want to trade options, are they available at

We explored the topic in Can you trade options on

What is the minimum account balance at

Check out the current account balance requirements at in our What is the minimum account balance at article.

Looking for commission and fees data for

We collected them in commission and fees.

How do you withdraw money from

We tested it and collected the options and costs in How to withdraw money on

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