Compare FXTM vs Markets.com
What is FXTM? What is Markets.com?
FXTM is a global online broker that offers trading and investing in Forex, CFDs, stocks, commodities, indices, and cryptocurrencies. It was founded in 2011 and is regulated by several authorities, including CySEC, FCA, FSC, and CMA. Markets.com is also a global online broker that offers trading and investing in Forex, CFDs, stocks, commodities, indices, cryptocurrencies, ETFs, and bonds. It was founded in 2008 and is regulated by CySEC and FSCA.
FXTM vs Markets.com Regulation Comparison
FXTM and Markets.com are both regulated by CySEC (Cyprus Securities and Exchange Commission), which is a reputable regulator in the European Union. However, FXTM has more regulatory licenses than Markets.com, as it is also authorized by the FCA (Financial Conduct Authority) in the UK, the FSC (Financial Services Commission) in Mauritius and the British Virgin Islands, and the CMA (Capital Markets Authority) in Kenya. This means that FXTM has to comply with higher standards of security, transparency, and customer protection than Markets.com.
FXTM vs Markets.com Trading Assets Comparison
FXTM and Markets.com have different trading assets available for their clients. FXTM offers 62 currency pairs, 4 cryptocurrency pairs, 8 commodities, 175 equity CFDs, and 11 index CFDs. Markets.com offers 120 currency pairs, 3,313 equity CFDs, 28 commodities, 40 index CFDs, 67 cryptocurrency pairs, 2,036 ETFs, and 10 bonds. As you can see, Markets.com has a much wider range of assets than FXTM, especially in terms of stocks, cryptocurrencies, and ETFs.
FXTM vs Markets.com Trading Fees Comparison
FXTM and Markets.com have different trading fees depending on the account type and the asset class. FXTM has two main types of accounts: Standard and ECN. The Standard account has variable spreads starting from 1.3 pips for major currency pairs and no commissions. The ECN account has variable spreads starting from 0.1 pips for major currency pairs and commissions ranging from $2 to $20 per lot depending on the sub-account.
Markets.com has only one type of account: Standard. It has variable spreads starting from 0.6 pips for major currency pairs and no commissions. However, Markets.com charges an inactivity fee of $10 per month after three months of no trading activity. Both brokers charge swap fees for holding positions overnight.
FXTM vs Markets.com Account Types Comparison
FXTM and Markets.com have different account types for different types of traders and investors. FXTM has six sub-accounts under the Standard category: Standard MT4/MT5, Cent MT4/MT5 (for micro-lot trading), Stock CFDs MT4/MT5 (for stock trading), and Shares MT4 (for share dealing). It also has four sub-accounts under the ECN category: ECN MT4/MT5 (for low-spread trading), ECN Zero MT4/MT5 (for zero-spread trading), Pro MT4/MT5 (for professional traders), and ECN Strategy Account MT4 (for automated trading).
Markets.com has only one account type: Standard. However, it also offers an Investor account (for long-term investing), a Trader account (for short-term trading), a Professional account (for experienced traders with higher leverage), an Islamic account (for swap-free trading), and a Demo account (for practice).
FXTM vs Markets.com Deposit Options Comparison
FXTM and Markets.com have different deposit and withdrawal options for their clients. FXTM supports various payment methods such as credit/debit cards, bank wire transfers, e-wallets (Neteller, Skrill, WebMoney), local payment solutions (YooMoney, QIWI), Perfect Money, DIXIPAY, FasaPay, crypto wallets (Bitcoin), and Google Pay. The minimum deposit amount is $10 for most methods except for bank wire transfers ($100) and crypto wallets ($50). The withdrawal fees vary depending on the method but are generally low or free.
Markets.com supports fewer payment methods such as credit/debit cards, bank wire transfers, e-wallets (Neteller, Skrill), iDEAL, PayPal, SOFORT. The minimum deposit amount is $100 for all methods except for bank wire transfers ($250). The withdrawal fees are free for most methods except for bank wire transfers ($10).
FXTM vs Markets.com Trading Platforms Comparison
FXTM and Markets.com have different trading platforms for their clients. FXTM mainly uses the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are the most popular and widely used platforms in the industry. They offer advanced charting, technical analysis, indicators, expert advisors, and automated trading features. FXTM also has its own mobile trading platform called FXTM Trader, which is designed for fast and easy trading on the go.
Markets.com also uses the MT4 and MT5 platforms, but it also has two proprietary platforms: Marketsx (for traders) and Marketsi (for investors). Marketsx offers 14 trading tools, such as sentiment analysis, advanced alerts, and multi-charts. Marketsi offers a portfolio builder, a stock screener, and an analyst consensus tool. Both brokers also have web-based and mobile versions of their platforms.
FXTM vs Markets.com Analytical Tools Comparison
FXTM and Markets.com have different analytical tools for their clients. FXTM offers market analysis, economic calendar, forex news timeline, forex education, webinars, seminars, ebooks, videos, articles, and podcasts.
Markets.com offers market analysis, economic calendar, financial commentary, XRay (a live-stream service with experts), webinars, ebooks, videos, articles, and podcasts. Both brokers provide useful and informative resources for traders and investors of all levels.
FXTM vs Markets.com. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a personal decision that depends on your trading style, goals, preferences, and risk appetite. There is no definitive answer to which broker is better, as both FXTM and Markets.com have their own strengths and weaknesses. However, here are some possible factors that you may want to consider:
- If you are looking for a more regulated broker with higher security and customer protection, you may prefer FXTM, as it has more regulatory licenses than Markets.com.
- If you are looking for a wider range of trading assets, especially in terms of stocks, cryptocurrencies, and ETFs, you may prefer Markets.com, as it has a much larger portfolio than FXTM.
- If you are looking for lower trading fees, you may prefer Markets.com, as it has lower spreads and no commissions for most assets. However, you should also be aware of the inactivity fee that Markets.com charges after three months of no trading activity.
- If you are looking for more account types and options, you may prefer FXTM, as it has six sub-accounts under the Standard category and four sub-accounts under the ECN category. You can choose the account that suits your trading needs and preferences best.
- If you are looking for more deposit and withdrawal options, you may prefer FXTM, as it supports more payment methods than Markets.com. You can also enjoy lower minimum deposit amounts and withdrawal fees with FXTM.
- If you are looking for more trading platforms and features, you may prefer Markets.com, as it has two proprietary platforms: Marketsx and Marketsi. These platforms offer unique and innovative trading tools that can enhance your trading experience and performance.
- If you are looking for more analytical tools and resources, you may prefer either FXTM or Markets.com, as they both offer market analysis, economic calendar, webinars, ebooks, videos, articles, podcasts, and more. You can learn from these resources and improve your trading skills and knowledge.
Ultimately, the best way to decide which broker is better for you is to try them out yourself. You can open a demo account with both brokers and test their services and features without risking any real money. You can also compare their customer support and feedback from other traders.
