General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.
Tier 1 Regulation
Tier 2 Regulation
Tier 3 Regulation
Deposit and Withdrawal
Costs and Fees
Forex Fixed Spreads
Forex Variable Spreads
Fees on Stocks
Fees on Indices
Fees on Cryptocurrencies
Special Trading Conditions
Available Trading Techniques
Forex.com vs Markets.com: A Comparison Summary
When it comes to choosing a broker, traders need to consider various aspects such as security, fees, trading platforms, market offerings, educational resources, and customer care. In this comparison summary, we will analyse and compare Forex.com and Markets.com based on these factors.
Both Forex.com and Markets.com are well-regulated brokers with several licences from reputable authorities. While Markets.com has five regulatory bodies (CySEC, ASIC, FSCA, FCA, and FSC), Forex.com has nine regulatory bodies (CySEC, FCA, ASIC, JFSA, MAS, HKSFC, CIMA, IIROC, NFA, and CFTC). However, both brokers have high-security ratings, with Markets.com having a rating of 96 and Forex.com having a rating of 95.
Markets.com offers an unlimited demo account with virtual funds of $10,000, which can be replenished if needed by contacting the support team. On the other hand, Forex.com offers a 30-day demo account with the same virtual funds, which can be restored by contacting customer support.
Both brokers have a minimum deposit requirement of $100 and offer a variety of account types, including Islamic accounts and professional accounts for advanced traders. However, Forex.com offers a wider range of account types, including a DMA account and a commission account.
Neither Forex.com nor Markets.com offers social-copy trading.
Markets.com offers a wider range of markets, including 56 forex pairs, 23 commodities, 32 indices, 26 cryptocurrencies, 1905 stocks, 77 ETFs, 4 bonds, and 12 blends. Forex.com, on the other hand, offers 80 forex pairs, 12 commodities, 18 indices, 80 cryptocurrencies, 220+ stocks, and 1 futures and options contract. While Forex.com has more forex pairs and cryptocurrencies, Markets.com has more options for stocks and ETFs.
Both brokers have variable spreads, with Forex.com having lower spreads on forex, starting from 0.2 pips, compared to Markets.com, which starts from 0.6 pips. However, Forex.com’s spreads can be higher in some countries, such as Europe, where it starts from 0.7 pips. Forex.com also offers fixed spreads on commodities, while Markets.com does not.
Both Forex.com and Markets.com offer their proprietary trading platforms, which are user-friendly and customizable. Additionally, both brokers offer MetaTrader 4 and 5 via webtrader, desktop, and mobile devices. However, Forex.com has a wider range of charting, trading, and drawing tools, with over 130 available.
Both brokers offer high-quality educational resources, including guides, glossaries, webinars, video tutorials, and market analysis. However, Forex.com also offers technical analysis courses, while Markets.com does not. Both brokers have excellent customer care, with easy access via email, phone, and live chat. However, Forex.com only offers customer support in English and Chinese, while Markets.com supports several languages.
In conclusion, both Forex.com and Markets.com are reputable brokers with high-security ratings and similar account opening requirements. Markets.com offers a wider range of markets, while Forex.com has lower spreads on forex and more account types, along with a wider range of trading tools. Both brokers offer excellent educational resources and customer care, although Forex.com offers technical analysis courses, while Markets.com does not. Ultimately, the choice between the two will depend on the trader’s preferences and trading style.
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