Compare EagleFX vs Markets.com
What is EagleFX? What is Markets.com?
EagleFX is an online forex and cryptocurrency STP broker that offers CFD trading on hundreds of assets and optimal trading conditions within the MT4 platform. Markets.com is an online forex and gold CFD trading platform that offers trading on a variety of assets, including stocks, bonds, ETFs, commodities, indices and cryptos.
EagleFX vs Markets.com Regulation Comparison
EagleFX is registered in the Commonwealth of Dominica and claims to be regulated by the Financial Services Unit (FSU) of Dominica. However, this is not a reputable regulatory authority and does not provide adequate protection for traders.
Markets.com is operated by Safecap Investments Limited, which is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Sector Conduct Authority (FSCA) in South Africa. Markets.com is also a subsidiary of Playtech PLC, which is listed on the London Stock Exchange and part of the FTSE 250 Index.
EagleFX vs Markets.com Trading Assets Comparison
EagleFX offers trading on over 200 instruments, including 53 currency pairs, 11 commodities, 11 indices, 31 cryptos and 100 stocks. Markets.com offers trading on over 2200 instruments, including 67 currency pairs, 25 commodities, 59 indices, 12 cryptos, 2000+ stocks and 60 ETFs.
EagleFX vs Markets.com Trading Fees Comparison
EagleFX charges a commission of $6 per lot round turn on forex and metals, and $1 per lot round turn on indices and energies. The average spread on EUR/USD is 0.3 pips. EagleFX does not charge any deposit or withdrawal fees.
Markets.com does not charge any commission on any instrument, but only relies on spreads. The average spread on EUR/USD is 0.6 pips. Markets.com does not charge any deposit fees, but may charge a withdrawal fee of $10 if the withdrawal amount is less than $100 or if the withdrawal request is the first one in the month.
EagleFX vs Markets.com Account Types Comparison
EagleFX offers only one type of account, which is a standard STP account with a minimum deposit of $10 and a maximum leverage of 1:500. Markets.com offers two types of accounts: a standard account with a minimum deposit of $100 and a maximum leverage of 1:300, and a professional account with a minimum deposit of $10,000 and a maximum leverage of 1:500. Markets.com also offers an Islamic account option for traders who follow Sharia law
EagleFX vs Markets.com Deposit Options Comparison
EagleFX accepts deposits and withdrawals via Bitcoin, credit/debit cards, wire transfer and Skrill. The processing time for deposits is instant for Bitcoin and cards, and up to 2 hours for wire transfer and Skrill. The processing time for withdrawals is within 30 minutes for Bitcoin and Skrill, and up to 2 hours for cards and wire transfer. Markets.com accepts deposits and withdrawals via credit/debit cards, wire transfer, PayPal, Skrill, Neteller and WebMoney. The processing time for deposits is instant for cards and e-wallets, and up to 2 days for wire transfer. The processing time for withdrawals is up to 2 days for cards and e-wallets, and up to 5 days for wire transfer.
EagleFX vs Markets.com Trading Platforms Comparison
EagleFX supports only the MT4 platform, which can be accessed via web, desktop or mobile devices. Markets.com supports both the MT4 and MT5 platforms, as well as its own proprietary web-based platform called Marketsx. All platforms can be accessed via web, desktop or mobile devices.
EagleFX vs Markets.com Analytical Tools Comparison
EagleFX provides some basic analytical tools within the MT4 platform, such as interactive charts, technical indicators and expert advisors. EagleFX also offers an economic calendar and a news feed on its website.
Markets.com provides more advanced analytical tools within its Marketsx platform, such as trading signals from Trading Central, market sentiment indicators from Acuity Trading, advanced charting tools from TradingView and in-house analysts’ insights. Markets.com also offers an economic calendar, a news feed and a blog on its website.
EagleFX vs Markets.com. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose, as different brokers may suit different traders’ needs, preferences and goals. However, here are some possible factors that you may want to consider:
- Regulation: Markets.com has a clear advantage over EagleFX in terms of regulation, as it is authorized and regulated by reputable authorities in Cyprus and South Africa, and is part of a publicly listed company. EagleFX, on the other hand, is registered in a offshore jurisdiction and claims to be regulated by an obscure entity that does not provide much protection for traders. Therefore, if you value security and credibility, you may prefer Markets.com over EagleFX.
- Trading Assets: Both brokers offer a wide range of trading instruments, but Markets.com has a larger and more diverse portfolio than EagleFX. Markets.com covers more currency pairs, commodities, indices, cryptos, stocks and ETFs than EagleFX. Therefore, if you value variety and flexibility, you may prefer Markets.com over EagleFX.
- Trading Fees: Both brokers have competitive trading fees, but they use different pricing models. EagleFX charges a commission on forex and metals, but has lower spreads than Markets.com. Markets.com does not charge any commission on any instrument, but has higher spreads than EagleFX. Therefore, if you value transparency and simplicity, you may prefer Markets.com over EagleFX. However, if you value lower costs and tighter spreads, you may prefer EagleFX over Markets.com.
- Account Types: Both brokers offer different account types to suit different traders’ needs and preferences. EagleFX offers only one standard STP account with a low minimum deposit and a high leverage. Markets.com offers two account types: a standard account with a higher minimum deposit and a lower leverage, and a professional account with a much higher minimum deposit and a higher leverage. Markets.com also offers an Islamic account option for traders who follow Sharia law. Therefore, if you value simplicity and accessibility, you may prefer EagleFX over Markets.com. However, if you value customization and professionalism, you may prefer Markets.com over EagleFX.
- Deposit and Withdrawal Options: Both brokers accept various payment methods for deposits and withdrawals, but they have different processing times and fees. EagleFX accepts Bitcoin, credit/debit cards, wire transfer and Skrill, and processes deposits and withdrawals within 2 hours or less. EagleFX does not charge any deposit or withdrawal fees. Markets.com accepts credit/debit cards, wire transfer, PayPal, Skrill, Neteller and WebMoney, and processes deposits instantly for cards and e-wallets, and up to 2 days for wire transfer. Markets.com processes withdrawals up to 2 days for cards and e-wallets, and up to 5 days for wire transfer. Markets.com does not charge any deposit fees, but may charge a withdrawal fee of $10 if the withdrawal amount is less than $100 or if the withdrawal request is the first one in the month. Therefore, if you value speed and convenience, you may prefer EagleFX over Markets.com. However, if you value reliability and security, you may prefer Markets.com over EagleFX.
- Trading Platforms: Both brokers support the popular MT4 platform, which is widely used by traders around the world for its user-friendly interface and advanced features. However, Markets.com also supports the MT5 platform, which is an upgraded version of MT4 with more functionalities and instruments. Moreover, Markets.com has its own proprietary web-based platform called Marketsx, which offers more analytical tools and insights than MT4 or MT5. Therefore, if you value familiarity and compatibility, you may prefer EagleFX over Markets.com. However, if you value innovation and sophistication, you may prefer Markets.com over EagleFX.
- Analytical Tools: Both brokers provide some basic analytical tools within the MT4 platform, such as interactive charts, technical indicators and expert advisors. However, Markets.com provides more advanced analytical tools within its Marketsx platform, such as trading signals from Trading Central, market sentiment indicators from Acuity Trading, advanced charting tools from TradingView and in-house analysts’ insights. Therefore, if you value simplicity and functionality, you may prefer EagleFX over Markets.com. However, if you value complexity and intelligence, you may prefer Markets.com over EagleFX.
