With an expensive domain name, robust regulatory compliance and excellent visibility, Markets.com has created a brokerage that attempts to unite the global financial markets under a single roof. The broker deals in a wide range of Forex and CFD products, and currently offers more than 2200 different financial instruments from major markets across the globe.
Markets.com has managed to capture a fair share of the online trading market, which was helped in part by the company’s many sister concerns that are located in different parts of the world. However, when it comes to Markets.com bonuses and promotions, the company is legally obligated to refrain from offering any free money promotions, as part of its regulatory compliance.
The Markets.com group is regulated by some of the top regulators in the industry. With licenses issued by the CySEC, the FCA, the ASIC, the BVI FSC, and the FSCA, the broker offers plenty of protection for traders and their capital.
However, not all branches offer promotions to their clients. The company’s promotional strategies are restricted to its international brokerages, which are located in South Africa, the British Virgin Islands and Australia. The Cypriot and UK-based brokerages are unfortunately out of the purview of the broker’s bonus program, primarily due to the regulatory policies issued by the CySEC and the FCA. Nevertheless, we will attempt to discover the primary rewards and offers that are currently provided by the company through this detailed Markets.com bonus review.
We performed extensive research into the rewards program of the company and we regret to inform you that the promotions are not as extensive as some of the other brokers in the market, such as FBS, AVATrade, HYCM. As we revealed earlier, the broker is one of the strictly regulated companies in the market, which prevents it from hosting any type of promotional program. Of course, it is in stark contrast to the Markets.com brokerage of the earlier years, when there were a few bonuses that gave its peers a run for their money. Nevertheless, at present, there are a few bonuses offered by the broker's international division, which are outlined below:
The Markets.com deposit bonus is offered in two different guises. The South African division of the brokerage currently runs a promotion that offers up to 35% free trading credits on a minimum deposit of $100. The maximum bonus available through the offer is $3,500, which requires a minimum investment of $10,000. The offer is quite substantial for traders, but the only drawback is that such an offer is only available to traders in South Africa and other countries that are accepted by the said brokerage.
The Australian version offers a reduced bonus of 20% of the deposit, with a maximum trading credit of $2,000 on offer. Once again, the bonus is only applicable for traders that are eligible for an account at the ASIC regulated brokerage. The exact bonus conditions can change, which means that the maximum bonus amount can reduce, depending on the promotion. The same offer applies to the company's international brokerage as well, where there is a first-time deposit bonus of 20%. However, the promotion only applies to first deposits, as subsequent deposits are not eligible for any rewards or incentives.
The free trading credits can be withdrawn, but traders will have to complete a minimum required transaction volume within 90 days of receiving the award. The current restrictions stipulate that a trader must trade a minimum of $10,000 in trading volumes for every $1 issued as a bonus. Therefore, for a $100 free credit, traders will be required to execute at least $1,000,000 in trading volumes. The higher the bonus, the higher the trading requirement, so make sure that you can accumulate the required trading volumes before signing up for the offer.
The company's rebate program is designed to offer a cashback to traders from the spreads charged by the broker. The maximum rebate offered is 5% of the spreads charged on every closed trade, which is paid to traders every ten days. All traders are automatically enrolled in the rebates program, as soon as they make their first deposit. There aren't many terms and conditions for this program, apart from the fair use policy, where traders are prevented from abusing the system by opening multiple trading accounts and placing similar trades on all platforms.
It is an incentive program, where traders are offered an incentive to switch from their existing broker to Markets.com. The switching bonus offers the highest deposit bonus of up to $3,500, where traders are eligible for a 35% bonus for switching to a Markets.com account. All the terms and conditions of the program are similar to the ones prescribed for a first deposit bonus offer, and traders are expected to follow the minimum trading requirements to be eligible to withdraw the free trading credits.
The company is currently paying out a referral bonus of $100 for every qualified referral that a trader sends to the brokerage. The referral must be unique, related to the referrer in some form, and should not have had any past relationship with the company, either by way of employment or as a customer.
The broker stipulates several conditions for the referral program, which are necessary for the payment of the reward. The referral must open an account, verify their identity, and deposit a minimum of $1000 into their trading account. They should also trade a minimum of 5 lots within 30 days of account registration and should not initiate a withdrawal before the reward is paid out to the referrer. In case the referral fails to satisfy any of the broker's T&C, the company reserves the right to cancel the reward.
The Free $20 offer is not a no-deposit bonus, instead, the company is offering the free credits to its Australian users for signing up for an account and installing the mobile app. The free trading credits become available to the trader after signing up for an account, completing the KYC procedures, depositing funds, and opening their first trade on the app. The company will notify traders about their eligibility for the offer via e-mail, and traders must respond within seven days to receive the bonus as trading credits. The free credits can be withdrawn or used for trading without any restrictions.
As with any other Forex and CFD broker, Markets-com has a few signups and trading conditions for its promotional programs. These conditions are not exclusive, as they can be amended or changed from time to time.
Although there are benefits of signing up for a free credits program, we consider Markets.com to be a top choice for online Forex trading. Therefore, even without any forex bonus offers, we would certainly sign up for an account, but the only downside is that not all traders are allowed to subscribe to the broker's services.
Several countries are placed on the restricted list, which is unfortunate for traders from these countries. Regulatory restrictions also prevent the broker from offering any promotions to traders from the EU region. Nevertheless, the broker does have a few bonuses through its international brokerages, which may provide the much-needed boost for traders from the international community.