Markets.com Account Types

Markets.com Account Features

MarketsX Account

👉 Markets.com is committed to keeping fee schedules transparent and competitive so that traders can make well-informed trading decisions. Markets.com’s upfront pricing information enables traders to see precisely how much their trade will cost before it is performed.

👉 The MarketsX Account’s spreads are incredibly low and competitive in comparison to other trading platforms. If Nigerian traders are looking for the best service and lowest spreads in the market, Markets.com’s MarketsX platform is an ideal choice.

👉 Additional features on this account include, but is not limited to:

➡️ Nigerian traders can use fundamental, technical, and sentimental analysis on markets

➡️ Advanced charting capabilities

➡️ Financial commentary from ForexLive.com

➡️ Thomson Reuters Stock report

➡️ Fast and reliable trade execution speeds

Marketsi Account

👉 With the Marketsi Account, traders will have access to a complete investment account that offers competitive trading conditions, transparent fees, as well as outstanding tools and information that will assist them in making educated and correct investing choices.

👉 Commissions are eliminated for the first three months that Nigerian traders have a Markets.com share dealing account. After the first three months, investors may anticipate the following commissions:

➡️ US shares – from 2c and a minimum of 15 USD

➡️ UK shares – from 0.1% and a minimum of 8 GBP

➡️ EU shares – from 0.1% and a minimum of 10 EUR

➡️ AU shares – from 0.1% and a minimum of 10 AUD

👉 Nigerian traders must note that there are additional trading conditions when they use the Markets.com share dealing account. These conditions include the following:

➡️ Spreads on share trading accounts are not marked-up.

➡️ Custody costs begin at 0.15% with a minimum charge of 5 EUR each month. After the commission-free time expires, investors will be charged at a rate of 0.12% with a minimum monthly charge of 10 EUR.

➡️ During the commission-free period, investors will be charged at a rate of 0.50% for currency conversions if the account currency is not the asset currency. After the commission-free time expires, a 1% currency conversion charge is levied.

➡️ Investors should be aware that stamp duty on UK equities begins at 0.5%.

➡️ All large-cap French stocks are subject to a 0.30% Financial Transaction Tax (FTT).

➡️ For every $1 million exchanged on US exchanges, a $20.70 cost is assessed.

➡️ US shares are subject to an administrative fee of up to $0.05 per individual share.

👉 Lastly, Nigerian traders could be subject to stock exchange fees if they trade shares with Markets.com:

➡️ Australian Securities Exchange – 20 AUD or 6,000 NGN for private investors and 95 AUD or 28,000 NGN for professional investors.

➡️ NASDAQ – 1 USD or 400 NGN for private investors and 24 USD or 9,900 NGN for professionals.

➡️ Bats Europe – 25 GBP or 13,600 NGN for professionals.

➡️ New York Stock Exchange – 1 USD or 400 NGN for private and 45 USD or 18,600 NGN for professional investors.

➡️ NYSE AMEX and ARCA – 1 USD or 400 NGN for private and 23 USD or 9,500 NGN for professional investors.

Markets.com Demo Account

👉 Markets.com provides traders with the advantage of a demo account, which they may use to gain expertise before trading live markets with real money. Markets.com also provides a demo account for more seasoned and professional traders who want to evaluate their trading tactics in a risk-free environment.

Markets.com Islamic Account

👉 The purpose of an Islamic Account is that it caters specifically for Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.

👉 Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.

👉 Markets.com allows Nigerian Muslim traders who adhere to Sharia law to convert their live trading account to an Islamic account, which exempts them from earning/paying overnight fees while holding positions open for an extended period, without being subject to additional fees or commissions that offset the absence of swaps.