Our top-rated Forex brokers
Start trading here
Best accounts for Muslim traders
Learn to trade with no risk
Live trading with no deposit
Save on conversion fees
Trade with Direct Market Access
Raw spreads & low commissions
Fixed spreads & instant execution
The top MT4 brokers in Kenya
The top MT5 brokers in Kenya
The top TradingView brokers
The top cTrader brokers in Kenya
Find a platform that works for you
Copy professional traders
Trade on the go from your phone
Last Updated On Jul 27, 2023
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website, you agree to our Terms of Service.
Markets.com offers traders fast, low-cost trading on a broad range of financial instruments, including over 1500 stock CFDs, Forex, commodities, cryptocurrencies, indices, ETFs, and bonds.
Although Markets.com offers only one live account, it offers more account benefits with higher minimum deposits. Spreads are extremely competitive, starting at 0.6 pips (EUR/USD), with no commissions and a minimum deposit requirement of only 100 USD on its Basic Account tier, making it accessible to beginner traders.
Full support is offered for MT4, MT5, and Markets.com’s award-winning in-house platform. An advanced multi-asset trading platform, the Markets.com platform is packed full of features, including excellent trading tools, expert analysis, and in-depth charting.
Markets.com also provides a high level of customer service compared to other brokers, and its educational materials provide an excellent resource for beginners starting their trading careers.
🏦 Min. Deposit | USD 100 |
🛡️ Regulated By | FCA, CySEC, ASIC, B.V.I FSC |
💵 Trading Cost | USD 7 |
⚖️ Max. Leverage | 300:1 |
💹 Copy Trading | Yes |
🖥️ Platforms | MT4, MT5, markets.com |
💱 Instruments | Bonds, Commodities, Cryptocurrencies, Stock CFDs, ETFs, Forex, Indices |
Company Details
The advantage of using the MetaTrader platform is the cross-device and multi-broker functionality, making it easier to change brokers or use multiple brokers. The Markets.com MT4 and MT5 apps allow traders to work from anywhere, with nine timeframes, 30 indicators, and interactive currency charts. Functionality to close and modify existing orders, calculate profit/loss in real-time, and tick chart trading further empowers traders while on the move.
Overall, Markets.com provides a good mobile trading experience compared to other similar brokers.
Markets.com offers support for MT4, MT5, and the Markets.com trading platforms, which is a wider range than is available at most other brokers.
The Markets.com trading platform is known for its ease of use and excellent features. We found that it offers advanced charting, making it easier to spot trends and identify new trading opportunities, and comprehensive drawing tools to plot trendlines, channels, pitchforks, Fibonacci Retracements, and much more. We were also impressed to find that the platform allows you to add up to five types of indicators to the chart at once, overlay multiple assets, or compare up to eight instruments side-by-side.
The search function on the Markets.com platform is excellent. We were able to search for specific instruments or use filters to navigate asset classes and subcategories to find new trades. In addition, Markets.com highlights the hottest instruments and the biggest movers with the Featured tab.
One drawback of the platform is that it does not allow automated trading, but Markets.com offers MT4 and MT5 for these purposes:
Having established itself as the industry-leading platform, Metatrader 4 (MT4) is considered the most reliable and popular platform in existence. Its intuitive interface and user-friendly environment provide essential tools and resources for successful online trading. However, Markets.com only offers support for the most basic version of MT4, which means that it lacks essential trading features. There are thousands of add-ons available for free, but traders may have to pay extra to take advantage of the platform’s full functionality.
MT5 is more powerful and faster than MT4 when it comes to back-testing functionality for automated trading algorithms. It also has a built-in news feed, market depth indicator, economic calendar, and trades can be made on the charts.
Overall, Markets.com‘s trading platform support is one of the best in the industry. Its proprietary Marketsx platform is simpler and easier to learn for beginners and is packed full of useful features.
Platform Comparison:
We found that opening a trading account at Markets.com took less than 24 hours and that it was easy to upload our documents.
We tested the account opening process, which took approximately 10 minutes to complete, and once our documentation had been submitted, our accounts were ready for trading within about 24 hours.
As a Kenyan trader, you are eligible to open an account at Markets.com but will need to meet the minimum deposit amount of 100 USD/EUR/GBP to do so.
How to open an account at Markets.com:
Our accounts were ready for trading within one day, which is about the industry average.
While Markets.com offers a wide variety of trading tools through its proprietary platform, it lacks support for third-party tools such as Autochartist and Trading Central, which are frequently available at other brokers.
Its powerful suite of decision-supporting tools is one of the main strengths of the Market.com online trading platform. The trading tools menu features several 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:
Overall, Markets.com’s tools are comprehensive, but it lacks support for third-party tools.
Trading Tools Comparison:
Markets.com offers excellent research tools compared to other brokers, including advance charting, an economic calendar, exclusive analysis and commentary, and an updated news section.
Top financial analysts and industry leaders deliver exclusive analysis and commentary on the web platform’s integrated video streaming service. Traders can access the latest news and views on the major markets and biggest economic developments, technical analysis, company earnings, and more. Markets.com account holders often get exclusive access to the latest training and strategies from top educational providers. See below for more details:
Overall, Markets.com has an excellent analysis section, written or curated by Forex experts, and full of detailed and interesting leads for new trading opportunities. While similarly high-quality market analysis can be found at other brokers, it is rarely in combination with the low trading costs found at markets.com.
Traders will be pleased to find that Markets.com offers comprehensive education, available in both written and video formats. It offers a demo account which gives traders a good feel for its trading platforms.
The Education Centre is packed full of content to help traders get the most out of the platform and find more trading opportunities, offers a range of downloadable in-depth guides, and a great blog packed with articles that cater to beginner traders. Its videos are presented by industry experts and offer great advice on risk management, how to choose a trading strategy, and fundamental analysis, among other topics.
Markets.com also offers free webinars run by some of the top minds in the world of financial markets. Its expert presenters are on hand to answer questions and guide traders through a range of topics, from using its platforms to understanding the ins and outs of the markets.
Demo Accounts
Traders can also open a Demo Account, which allows them to learn the platform’s functionality and understand how the markets work. Demo accounts come loaded with 10,000 USD in virtual funds. The demo account lasts for 30 days but can be extended upon request. It is also fully mobile-compatible, so you can learn how to trade across all your devices.
Education Comparison:
Markets.com’s customer support is available 24/5, which is the industry average, but the quality of support far surpasses that of other brokers.
Markets.com aims to deliver a premium trading experience, and VIP support is a large part of its offering.
Technical support and customer service are available 24/5 in various languages over the phone or in-platform with the Live Chat feature. Traders can also get help via email.
We found the customer service via live chat responsive, polite, and knowledgeable – they were able to answer all our questions.
Regulation: Founded in 2010, the Markets.com brand is operated by several regulated entities which are part of the Finalto Group. The brand is operated by its various companies, which are regulated in different jurisdictions, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Europe, the Australian Securities and Investments Commission (ASIC) in Australia, the FSCA of South Africa, and the BVI Financial Services Commission (FSC) for global clients. See below for more details:
The longer the track record a broker has, the more proof we have that it has successfully survived previous financial crises, and Markets.com has been in operation for more than a decade. It also has a large international customer base and boasts protection from many top-tier regulators, making it a safe and reliable choice of broker.
We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process. 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.
Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. Markets.com would like you to know that: CFDs are complex instruments with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This information is not and should not be construed to be investment advice. It is communicated to you for general information purposes only and does not have regard to your particular investment circumstances or objectives. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise, and the investor may not get back the amount initially invested.
Markets.com is a well-regulated broker offering trading on an extensive range of assets not often seen at other brokers. It also boasts excellent trading conditions and traders are not limited by platform choice or the range of trading tools offered at Markets.com. Additionally, Markets.com excels in its customer support, and its educational and market analysis materials are top-class. Overall, Markets.com is a good choice of broker for traders of all experience levels.
Chris joined the company in 2019 after ten years experience in research, editorial and design for political and financial publications. His background has given him a deep knowledge of international financial markets and the geopolitics that affects them. Chris has a keen eye for editing and a voracious appetite for financial and political current affairs. He ensures that our content across all sites meets the standards of quality and transparency that our readers expect.
Alison joined the team as a writer in 2021. She is the Senior Editor for FXScouts. She has a medical degree with a focus on physiotherapy and a bachelor’s in psychology. However, her interest in forex trading and her love for writing led her to switch careers. She has a passion for Forex trading and over a decade of editorial experience researching Forex and the financial services industry, producing high-quality content. She hosts a weekly podcast, “Let’s Talk Forex,” alongside her colleague, Chris, and has produced over 100 Forex educational videos for the FXScouts YouTube channel. She also writes weekly technical analyses and has tested and reviewed over 100 Forex brokers.
Ida joined our team as a financial writer in 2023. She has a degree in Digital Marketing and a background in content writing and SEO. In addition to her marketing and writing skills, Ida also has an interest in cryptocurrencies and blockchain networks. Her interest in crypto trading led to a wider fascination with Forex technical analysis and price movement. She continues to develop her skills and knowledge in Forex trading and keeps a close eye on which Forex brokers offer the best trading environments for new traders.
Find out how markets.com stacks up against other brokers.