Markets.com Review 2026
The full Markets.com write-up for Nigeria traders: the kitchen inspection, the ingredient costs, the bill, and our straight verdict.
Regulation in Nigeria
| Regulator | FSA FSA, Seychelles Financial Services Authority (FSA) |
| Licence Number | SD028 |
| Regulated Entity | Finalto Ltd |
| Max Leverage (Forex) | 1:500 |
| Minimum Deposit | $100 |
| EUR/USD Spread | From 0.6 pips |
| Instruments | 2,200+ |
| Platforms | Markets.com Platform, MT4, MT5 |
| Copy Trading | ✗ |
| Real Stocks | ✗ |
| Inactivity fee | Inactivity fee: USD10/month after 3 months |
Verdict
Cooks under FSA (licence SD028). Cover charge $100. In Nigeria, forex leverage is capped at 1:500.
About Markets.com
Markets.com opened its doors in 2008 out of a kitchen in Limassol, Cyprus. Its menu runs to 2,200 tradeable instruments, forex pairs alongside CFDs on stocks, indices and commodities. It holds licences across several jurisdictions, with the head licence carried by Finalto Ltd under FSA.
In Nigeria, Markets.com serves as Finalto Ltd, cleared by FSA under licence number SD028. Under FSA house rules, Nigeria traders are poured no more than 1:500 leverage on forex pairs.
Trading Platforms
Pros
- FSA regulated, licence SD028
- 2,200+ instruments to trade
- Negative balance protection in Nigeria
- Platforms: Markets.com Platform, MT4, MT5
- Founded in 2008 (18 years operating)
Cons
- Inactivity fee: USD10/month after 3 months
- 76% of retail clients burn their fingers
- CFDs only, you trade the price, you never own the dish
- No real stock ownership
Frequently Asked Questions
Is Markets.com regulated?
Yes. Markets.com is authorised by FSA, issued to the entity Finalto Ltd, an authorisation you can look up for yourself on the official FSA public register.
What is the minimum deposit for Markets.com in Nigeria?
The cover charge is $100, the smallest amount Nigeria traders need to open a live account with Markets.com under FSA rules.
What leverage does Markets.com offer in Nigeria?
In Nigeria, FSA rules cap Markets.com at 1:500 on forex pairs. A larger pour is sometimes available through offshore-regulated entities, with thinner protection to match.
Is Markets.com safe to trade with?
The kitchen passes inspection: Markets.com cooks under FSA. A tier-1 regulator insists on segregated client money, negative balance protection and independent audits, while lighter offshore regimes offer weaker cover and often no compensation scheme. That does not make trading risk-free, so check which entity holds your account and what protections actually apply before you deposit.
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