Compare Forex.com vs Markets.com
What is Forex.com? What is Markets.com?
Forex.com is a global online broker that offers trading services in forex and various CFDs, such as commodities, indices, cryptocurrencies, and equities. Markets.com is also a global online broker that provides trading services in forex and various CFDs, as well as social trading and copy trading features.
Forex.com vs Markets.com Regulation Comparison
Forex.com is regulated by seven tier-1 authorities, such as the FCA in the UK, the CFTC and NFA in the US, and ASIC in Australia. Markets.com is regulated by three tier-1 authorities, such as CySEC in Cyprus, FSCA in South Africa, and ASIC in Australia. Both brokers are considered highly trusted and secure for traders.
Forex.com vs Markets.com Trading Assets Comparison
Forex.com offers 91 forex pairs and over 5,500 tradeable symbols across different asset classes. Markets.com offers 57 forex pairs and over 2,100 tradeable symbols across different asset classes. Both brokers offer a wide range of trading instruments for traders to diversify their portfolios.
Forex.com vs Markets.com Trading Fees Comparison
Forex.com charges both spreads and commissions depending on the account type and asset traded. The average spread for the EUR/USD pair is 0.8 pips for the standard account and 0.2 pips for the commission account. Markets.com charges only spreads for most assets, except for share dealing and DMA accounts. The average spread for the EUR/USD pair is 0.6 pips for the standard account.
Forex.com vs Markets.com Account Types Comparison
Forex.com offers two main account types: the Forex.com account and the MT4 account. The Forex.com account has lower spreads but higher commissions, while the MT4 account has higher spreads but no commissions.
Markets.com offers three main account types: the CFD account, the share dealing account, and the professional account. The CFD account has low spreads and no commissions, the share dealing account has zero commission but higher spreads, and the professional account has access to DMA pricing and leverage up to 1:300.
Forex.com vs Markets.com Deposit Options Comparison
Forex.com supports various deposit and withdrawal options, such as bank transfer, credit/debit card, PayPal, Skrill, and Neteller. The minimum deposit is £50 or a currency equivalent.
Markets.com also supports various deposit and withdrawal options, such as bank transfer, credit/debit card, PayPal, Skrill, Neteller, Sofort, iDeal, and Trustly. The minimum deposit is $100 or a currency equivalent.
Forex.com vs Markets.com Trading Platforms Comparison
Forex.com offers two main trading platforms: the proprietary Web Trading platform and the MetaTrader 4 (MT4) platform. The Web Trading platform is web-based and has a user-friendly interface, advanced charting tools, integrated news and analysis, and customizable features. The MT4 platform is downloadable and has a more traditional look and feel, with automated trading capabilities, technical indicators, and expert advisors.
Markets.com offers three main trading platforms: the proprietary Marketsx platform for traders, the proprietary Marketsi platform for investors, and the MetaTrader 5 (MT5) platform. The Marketsx platform is web-based and has a sleek design, 14 trading tools, an investment strategy builder, and a personalized financial live stream service called XRay. The Marketsi platform is also web-based and has a simple interface, thematic stock baskets, an investment strategy builder, and portfolio management tools. The MT5 platform is downloadable and has similar features as the MT4 platform but with more advanced functionalities.
Forex.com vs Markets.com Analytical Tools Comparison
Forex.com provides various analytical tools for traders to enhance their trading performance, such as trading signals from Autochartist and Trading Central, market analysis from TradingView and Recognia, economic calendar from FXStreet, market news from Reuters and FX Wire Pro, sentiment indicators from TradingView and FXSSI Pro Indicator Suite (FXSSI), market alerts from Autochartist (FXSSI), market insights from FOREX.com’s global research team (FXSSI), educational resources from FOREX.com’s learning center (FXSSI), webinars from FOREX.com’s experts (FXSSI), podcasts from FOREX.com’s analysts (FXSSI), etc.
Markets.com also provides various analytical tools for traders to improve their trading skills, such as trading signals from Trading Central (Marketsx), market analysis from Dow Jones (Marketsx), economic calendar from Dow Jones (Marketsx), market news from Reuters (Marketsx), sentiment indicators from Acuity Trading (Marketsx), market alerts from Acuity Trading (Marketsx), market insights from Markets.com’s analysts (Marketsx), educational resources from Markets.com’s education center (Marketsx), webinars from Markets.com’s experts (Marketsx), podcasts from XRay (Marketsx), etc.
Forex.com 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, as different traders may have different preferences and needs. However, based on the comparison of Forex.com and Markets.com, you can consider some of the following factors to help you choose the best forex broker for you:
- Regulation: Both brokers are highly regulated by reputable authorities, but Forex.com has more tier-1 licenses than Markets.com. If you value security and protection, you may prefer Forex.com as your broker.
- Trading Assets: Both brokers offer a wide range of trading instruments, but Forex.com has more forex pairs and tradeable symbols than Markets.com. If you value diversity and flexibility, you may prefer Forex.com as your broker.
- Trading Fees: Both brokers charge competitive fees, but Markets.com has lower spreads and no commissions for most assets, while Forex.com has lower commissions but higher spreads for some assets. If you value cost-efficiency and transparency, you may prefer Markets.com as your broker.
- Account Types: Both brokers offer various account types to suit different trading styles and preferences, but Markets.com has more innovative features such as social trading, copy trading, thematic stock baskets, and DMA pricing. If you value convenience and functionality, you may prefer Markets.com as your broker.
- Deposit and Withdrawal Options: Both brokers support various deposit and withdrawal options, but Markets.com has a lower minimum deposit requirement than Forex.com. If you value accessibility and affordability, you may prefer Markets.com as your broker.
- Trading Platforms: Both brokers offer multiple trading platforms to cater to different trading needs and preferences, but Markets.com has more advanced platforms such as Marketsx, Marketsi, and MT5, while Forex.com has more traditional platforms such as Web Trading and MT4. If you value innovation and performance, you may prefer Markets.com as your broker.
- Analytical Tools: Both brokers provide various analytical tools to enhance your trading skills and performance, but Markets.com has more exclusive tools such as XRay, Acuity Trading, and Dow Jones, while Forex.com has more common tools such as Autochartist, Trading Central, and FXStreet. If you value quality and uniqueness, you may prefer Markets.com as your broker.
Ultimately, the best forex broker for you depends on your personal goals, preferences, and expectations. You can try out both brokers with their free demo accounts to get a feel of their services and features before making a decision.
