- Regulator
- Capital Markets Authority (CMA)
- Local company
- Not yet verified
- Licence number
- —
- M-Pesa
- Not confirmed
Broker review · Checked
Markets.com review 2026: is Markets.com legit in Kenya and South Africa?
Markets.com serves South Africa through Markets South Africa (Pty) Ltd, FSCA licence 46860, which a South African review site describes as a licensed OTC derivative provider. It supports MT4, MT5 and EFT funding. We have not yet confirmed its ODP status on the FSCA list.
- 🇰🇪 CMANot licensed
- 🇿🇦 FSCAFSP 46860
- Minimum deposit$100
- M-PesaNot confirmed
Is Markets.com regulated? Licence by country
- Regulator
- Financial Sector Conduct Authority (FSCA)
- Local company
- Markets South Africa (Pty) Ltd
- Licence number
- FSP 46860
A South African review site describes this company as a licensed OTC derivative provider; we have not yet confirmed that on the FSCA list.
Source: tradefx.co.za, not yet checked on the register
A licence means someone supervises the broker. It does not make trading safe: most retail CFD accounts lose money.
About Markets.com
Markets.com is part of the Finalto group. TradeFX lists Markets South Africa (Pty) Ltd under licence 46860 and says it holds an ODP licence under the Financial Markets Act.
Who Markets.com suits, and who should look elsewhere
Good fit if you
- are in South Africa and want a local counterparty and EFT funding
Look elsewhere if you
- need negative balance protection (TradeFX says no)
- are in Kenya
Markets.com account types and minimum deposit
| Account | Minimum deposit | Pricing |
|---|---|---|
| CFD account | $100 | Spread-based |
Markets.com fees: spreads, commission and other charges
| Funding | EFT and SwiffyEFT, per TradeFX |
Work out the cost of a trade before you place it with our pip value and profit and loss calculators.
Markets.com deposits and withdrawals in Kenya and South Africa
🇰🇪 Kenya
- Markets.com is not on the CMA register. If it accepts you, your account sits with an offshore company and you have no CMA complaints route.
- No Kenyan payment method confirmed. Expect cards, bank wire or e-wallets such as Skrill and Neteller.
🇿🇦 South Africa
- Markets South Africa (Pty) Ltd, FSCA 46860.
- ODP status per TradeFX; not yet matched on the FSCA list.
M-Pesa limits, rand EFT, cards, e-wallets and the payment scams to avoid: read our deposits and withdrawals guide.
Markets.com trading platforms
- Markets.com web platform
- MetaTrader 4
- MetaTrader 5
Is your money safe with Markets.com?
- Local South African counterparty.
- No negative balance protection, per TradeFX.
Markets.com pros and cons
Pros
- Local company and complaints route
- EFT funding
- MT4/MT5
Cons
- No negative balance protection
- Conflicting published details
Our real-money test of Markets.com
Coming
We will open a Markets.com account, deposit, place a trade and withdraw, then publish the screenshots, the time each step took and every fee we paid.
Markets.com withdrawal time: reports from traders
How long do Markets.com withdrawals really take?
Loading reports…
Median of reports from traders. Not checked by us; our own tests are marked separately.
Withdrawal stuck or refused at Markets.com? Get a ready complaint letter and the right regulator contact with our complaint desk →
Markets.com: questions people ask
Is Markets.com regulated in Kenya?
No. Markets.com is not licensed by the CMA. It may still accept clients from Kenya through an offshore company, but you would have no CMA protection or local complaints route.
Is Markets.com regulated by the FSCA in South Africa?
Yes. In South Africa, Markets.com operates through Markets South Africa (Pty) Ltd, which holds FSCA licence FSP 46860. Check that this company is named on your client agreement, not an offshore company of the same brand. A South African review site describes this company as a licensed OTC derivative provider; we have not yet confirmed that on the FSCA list.
Is Markets.com regulated in South Africa?
Markets South Africa (Pty) Ltd holds FSCA licence 46860.
Sources for this review (checked 25 Oct 2026)
Fees, minimums and payment methods change and can differ by the company you sign with. Confirm them on the broker's site before you deposit. Spotted something out of date? Tell us.