Markets.com Mobile Trading App Review
If you’re looking to manage your trading on the move, you need a mobile app like Markets.com’s mobile trading app. Simple and easy to install, the Markets.com mobile apps offer enough functionality and technical analysis-oriented features to satisfy traders, from beginners to those who make a living trading CFDs.
The simplistic interface of the mobile app aims to deliver design and functionality in one nifty little package. It only takes a few seconds to install the app. Users can create a new account through the mobile apps. Or they can use their existing Markets.com accounts to log into the mobile trading platforms.
Here’s what the Markets.com apps offer features-wise:
- Over 2,000 tradable assets are accessible 24/7 with technical analysis tools and charts.
- A bevy of technical indicators, time frames, and other charting artifices traders can use to find opportunities.
- A free demo account that allows users to put the mobile platforms to the test without risking their funds.
- Great trading conditions. The broker does not charge a commission, and its spreads are tight on all the popular tradable assets, like the EUR/USD currency pair.
- Easy registration. To open an account and start trading, new Markets.com clients have to complete the application and verify their accounts, deposit money, and start trading.
How to Use the Markets.com Mobile App
Launching the apps takes a tap and a few seconds. The apps remember users and log them in automatically.
The dashboard of the app shows a selection of tradable assets. To trade them, users can tap the Buy or Sell buttons and jump into chart mode. By clicking the analysis button, traders can select and apply more than 50 technical indicators like the Awesome Oscillator, Bollinger Bands, Double EMA, and others. In addition to the indicators, Markets.com clients can also use various drawing tools, time frames, and trend lines. The app allows them to customise the analysis tools with different colors and precision.
In addition to the technical analysis, the apps give traders a valuable peek into prevailing trading trends. They also provide various statistics on the tradable assets, including the daily range and change percentage.
Before launching a trade, users can also recap the trading conditions to ensure they understand what they risk and what they stand to win.
Once they’ve analysed their charts and identified their opportunities, traders can click the Place an Order button and set the amount they want to trade. In addition to buying and selling at the current market price, the app also allows traders to set price points to buy and sell above or below. After setting their stop losses and/or take profits, users can tap the Place New Order button to launch their trades.
Having placed their trades, Markets.com clients can use the portfolio section to follow the evolution of their positions. From here, they can close their trades and add new protections in the form of stop losses and take profits if they wish.
Within the portfolio section, users can also keep track of the orders they have placed while the markets are offline.
Adding funds to one’s account is as simple as tapping a button. The interface groups the tradable assets by class into indices, commodities, shares, currency pairs, cryptos, futures, bonds, and blends.
Asset Classes
The brokerage offers a wide range of trading instruments, with shares being the most abundant. There are more than 2,000 stock CFDs available, covering various global markets. The broker doesn’t charge any commission for trading CFDs, and the maximum leverage depends on the specific Markets.com entity associated with your account.
For Forex trading, there are 56 tradable currency pairs available. The maximum leverage for EU, UK, and Australian clients is 1:30, while for the rest of the world, it goes up to 1:300. The spreads are advertised as very low, with popular pairs like EUR/USD having a variable spread of 0.9 pips. These attractive trading conditions are even more appealing since there are no fees or commissions attached to these spreads.
In addition to shares and Forex, the brokerage offers 32 indices for trading, including primary, cash, and futures. There are no commissions or fees charged on these assets. Moreover, there are over 70 ETFs available with competitive spreads.
Markets.com also features more than 23 commodities, some of which are quite exotic and interesting. On top of that, they provide “blends,” which are thematic baskets of various shares compiled together. The broker has its own recipe for creating these baskets, and you can find it on their official website.
For specific information on spreads and maximum leverage for each instrument, you can refer to the Markets.com website.
The app features a special section for assets available for weekend trading. Traders can find all crypto assets the broker currently supports.
The Account section allows users to generate reports about their trading activity, add funds, verify their accounts, and manage account settings, like their passwords, etc.
What Do Users Say about the Markets.com Mobile Apps?
The android version of the app is the more popular. Almost 10,000 people have rated the newest version of the platform. The overwhelming majority thought it was worthy of the maximum 5-star rating.
- Most users appreciate the changes introduced in the latest iteration of the app. They consider it superior to the previous versions.
- For some, the updates have created stability issues, however.
- Some users love the app but point out that they’re not satisfied with the customer service of the broker.
- Others appreciate the intuitiveness of the app and the way it facilitates access to news for fundamental analysis and charts for technical insights.
- Some traders have found automatic scrolling problems with the app, although we never had such problems when we tested it.
Some of the complaints some traders have about various features of the app are from earlier versions of the app. The new version of the app has already addressed most of those issues.
Markets.com is a regulated online broker with a solid mobile trading app. Some may consider the app overly simplistic, but it works well, and its technical analysis capabilities are impressive considering what it is. The compatibility of the app is outstanding. Most users like it, and many of those who say they don’t complain about issues we have not encountered.
