Compare eToro vs Markets.com
What is eToro? What is Markets.com?
eToro is a top-rated multi-asset platform which offers both investing in stocks and cryptoassets. It also has a social trading platform so you can copy the best traders and learn from them. eToro was launched in 2007 and has millions of active traders globally.
Markets.com is an online broker that offers CFDs across a huge range of assets from shares and indices to commodities and cryptocurrencies. Markets.com was founded in 2008 and is part of the TradeTech Group, a publicly listed UK company.
eToro vs Markets.com Regulation Comparison
Both eToro and Markets.com hold 3 global Tier-1 licenses from the FCA (UK), CySEC (Cyprus), and ASIC (Australia). These are reputable regulators that ensure high standards of security and transparency for traders.
Markets.com also holds 1 global Tier-2 license from the FSCA (South Africa), while eToro holds 0. This means that Markets.com has a slightly higher level of regulatory oversight than eToro.
eToro vs Markets.com Trading Assets Comparison
eToro offers 49+ currency pairs, 46+ cryptocurrency CFDs, 13+ index CFDs, 2000+ share CFDs, and 33+ commodity CFDs. It also offers stockbroking for 2000+ stocks.
Markets.com offers 54+ currency pairs, 24+ cryptocurrency CFDs, 38+ index CFDs, 1800+ share CFDs, and 28+ commodity CFDs. It does not offer stockbroking.
Both brokers offer spread betting for UK traders only.
eToro vs Markets.com Trading Fees Comparison
eToro charges no commissions on any trades, but it has variable spreads that depend on market conditions and liquidity. The average spread for EUR/USD is 1.0 pips, for GBP/USD is 2.0 pips, and for AUD/USD is 1.0 pips.
Markets.com also charges no commissions on any trades, but it has fixed spreads that are generally lower than eToro’s. The average spread for EUR/USD is 1.6 pips, for GBP/USD is 1.6 pips, and for AUD/USD is 1.9 pips.
Both brokers charge overnight fees for holding positions open past the end of the trading day, as well as inactivity fees for dormant accounts.
eToro vs Markets.com Account Types Comparison
eToro offers a standard account for all traders, with a minimum deposit requirement of $200 (Australia), $50-$100 (EU), or $10 (other regions). It also offers an Islamic/Halal-friendly account for Muslim traders who follow Sharia law1.
Markets.com offers two types of accounts: a standard account and a professional account. The standard account has a minimum deposit requirement of $100, while the professional account requires proof of trading experience and financial status. The professional account offers higher leverage and lower margin rates than the standard account.
eToro vs Markets.com Deposit Options Comparison
eToro supports 11+ payment methods, including credit/debit cards, PayPal, Skrill, Neteller, Wire Transfer, Rapid Transfer, Klarna, iDeal, Sofort, Payoneer, and Bitcoin Payments. It does not charge any deposit fees, but it charges a flat fee of $5 for withdrawals. It also charges currency conversion fees for account denominations other than USD.
Markets.com supports 4+ payment methods, including credit/debit cards, PayPal, Skrill, and Wire Transfer. It does not charge any deposit or withdrawal fees, but it may charge currency conversion fees depending on the payment method used.
eToro vs Markets.com Trading Platforms Comparison
eToro offers its own proprietary platform that is user-friendly and intuitive. It has a web-based version and a mobile app version that are compatible with both iOS and Android devices. The platform features social and copy trading functions that allow traders to interact with each other and follow the best performers automatically.
Markets.com offers three platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its own proprietary platform called Marketsx. MT4 and MT5 are popular platforms that offer advanced charting tools, indicators, automated trading systems, and customisation options. Marketsx is a web-based platform that offers user-friendly navigation, fast execution speeds, multiple order types, and analytical tools.
eToro vs Markets.com Analytical Tools Comparison
eToro provides various analytical tools for traders, such as market news and analysis, an economic calendar, a trading academy, a demo account, and a digital wallet with multiple currencies. It also offers eToro Plus, a premium service that gives access to exclusive benefits such as higher leverage, lower spreads, and market insights.
Markets.com also provides various analytical tools for traders, such as market news and analysis, an economic calendar, a trading academy, a demo account, and Trading Central, a third-party service that offers technical analysis, signals, and strategies. It also offers MarketsClub, a loyalty program that gives access to exclusive benefits such as higher bonuses, spread rebates, and member’s events.
eToro 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 it depends on your personal preferences, trading style, and goals. However, you can consider some of the following factors to help you make an informed decision:
- Regulation: Both eToro and Markets.com are well-regulated by reputable authorities, so you can trade with confidence and security. However, Markets.com has a slight edge over eToro in terms of regulatory oversight, as it holds one more global Tier-2 license than eToro.
- Trading Assets: Both eToro and Markets.com offer a wide range of trading assets, including forex, cryptocurrencies, indices, shares, and commodities. However, eToro has a slight edge over Markets.com in terms of trading diversity, as it offers more currency pairs, cryptocurrency CFDs, index CFDs, and commodity CFDs than Markets.com . It also offers stockbroking for 2000+ stocks, while Markets.com does not .
- Trading Fees: Both eToro and Markets.com charge no commissions on any trades, but they have different pricing models for spreads. eToro has variable spreads that depend on market conditions and liquidity, while Markets.com has fixed spreads that are generally lower than eToro’s. The average spread for EUR/USD is 1.0 pips for eToro and 1.6 pips for Markets.com . The average spread for GBP/USD is 2.0 pips for eToro and 1.6 pips for Markets.com . The average spread for AUD/USD is 1.0 pips for eToro and 1.9 pips for Markets.com . Both brokers charge overnight fees and inactivity fees .
- Account Types: eToro offers a standard account for all traders, with a minimum deposit requirement of $200 (Australia), $50-$100 (EU), or $10 (other regions). It also offers an Islamic/Halal-friendly account for Muslim traders. Markets.com offers two types of accounts: a standard account and a professional account. The standard account has a minimum deposit requirement of $100, while the professional account requires proof of trading experience and financial status. The professional account offers higher leverage and lower margin rates than the standard account.
- Deposit and Withdrawal Options: eToro supports more payment methods than Markets.com, including credit/debit cards, PayPal, Skrill, Neteller, Wire Transfer, Rapid Transfer, Klarna, iDeal, Sofort, Payoneer, and Bitcoin Payments. Markets.com supports only credit/debit cards, PayPal, Skrill, and Wire Transfer. eToro charges a flat fee of $5 for withdrawals, while Markets.com does not charge any withdrawal fees . Both brokers may charge currency conversion fees depending on the payment method used .
- Trading Platforms: eToro offers its own proprietary platform that is user-friendly and intuitive. It has a web-based version and a mobile app version that are compatible with both iOS and Android devices. The platform features social and copy trading functions that allow traders to interact with each other and follow the best performers automatically. Markets.com offers three platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its own proprietary platform called Marketsx. MT4 and MT5 are popular platforms that offer advanced charting tools, indicators, automated trading systems, and customisation options. Marketsx is a web-based platform that offers user-friendly navigation, fast execution speeds, multiple order types, and analytical tools.
- Analytical Tools: Both eToro and Markets.com provide various analytical tools for traders, such as market news and analysis, an economic calendar, a trading academy, a demo account, and a digital wallet with multiple currencies . They also offer premium services that give access to exclusive benefits such as higher leverage, lower spreads, market insights, higher bonuses, spread rebates, and member’s events .
