Compare IFC Markets vs Markets.com
What is IFC Markets? What is Markets.com?
IFC Markets is an online forex and CFD broker that offers over 650 trading instruments, including currency pairs, stocks, indices, commodities, metals, ETFs and synthetic instruments. IFC Markets is regulated by the British Virgin Islands Financial Services Commission (BVI FSC) and has been in the market since 2006.
Markets.com is an online forex and CFD broker that offers over 2200 trading instruments, including currency pairs, stocks, indices, commodities, metals, ETFs, bonds and cryptocurrencies. Markets.com is regulated by multiple authorities, including the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC) and the Financial Sector Conduct Authority (FSCA). Markets.com has been in the market since 2010.
IFC Markets vs Markets.com Regulation Comparison
| Broker | Trust Score | Year Founded | Publicly Traded | Bank | Tier-1 Licenses | Tier-2 Licenses | Tier-3 Licenses |
|---|---|---|---|---|---|---|---|
| IFC Markets | 67/99 | 2006 | No | No | 0 | 0 | 1 |
| Markets.com | 93/99 | 2010 | Yes | No | 4 | 2 | 0 |
IFC Markets vs Markets.com Trading Assets Comparison
| Broker | Forex Trading (Spot or CFDs) | Tradeable Symbols (Total) | Forex Pairs (Total) | U.S. Stock Trading (Non CFD) | Int’l Stock Trading (Non CFD) | Social Trading / Copy Trading | Cryptocurrency (Physical) | Cryptocurrency (CFD) |
|---|---|---|---|---|---|---|---|---|
| IFC Markets | Yes | 650+ | 49+ | No | Yes | Yes | No | Yes |
| Markets.com | Yes | 2200+ | 67+ | No | No | Yes | No | Yes |
IFC Markets vs Markets.com Trading Fees Comparison
The trading fees of IFC Markets and Markets.com depend on the type of account and the instrument traded. Both brokers offer commission-free accounts with variable spreads, as well as commission-based accounts with tighter spreads. The average spread for EUR/USD at IFC Markets is 1.8 pips for the commission-free account and 0.4 pips for the commission-based account. The average spread for EUR/USD at Markets.com is 0.6 pips for the commission-free account and 0 pips for the commission-based account. Therefore, Markets.com has lower spreads than IFC Markets for both types of accounts.
However, both brokers charge other fees, such as overnight financing fees, inactivity fees, withdrawal fees, etc., which may vary depending on the account type and the instrument traded.
IFC Markets vs Markets.com Account Types Comparison
Both brokers offer different types of accounts with different features and benefits.
IFC Markets offers four types of accounts: Beginner ($1), Standard ($1000), NetTradeX ($1000) and Islamic ($1000).
Markets.com offers three types of accounts: Classic ($100), Standard ($2500) and Premium ($20,000).
IFC Markets vs Markets.com Deposit Options Comparison
| Broker | Deposit Methods | Withdrawal Methods |
|---|---|---|
| IFC Markets | Bank Wire, Credit/Debit Card, Skrill, Neteller, WebMoney, Perfect Money, QIWI, FasaPay, China UnionPay, Bitcoin, Litecoin, Ethereum | Bank Wire, Credit/Debit Card, Skrill, Neteller, WebMoney, Perfect Money, QIWI, FasaPay, China UnionPay, Bitcoin, Litecoin, Ethereum |
| Markets.com | Bank Wire, Credit/Debit Card, Skrill, Neteller, PayPal | Bank Wire, Credit/Debit Card, Skrill, Neteller, PayPal |
IFC Markets vs Markets.com Trading Platforms Comparison
| Broker | Proprietary Platform | MetaTrader 4 | MetaTrader 5 |
|---|---|---|---|
| IFC Markets | NetTradeX | Yes | Yes |
| Markets.com | Marketsx | Yes | Yes |
- Both brokers offer their own proprietary platforms as well as the popular MetaTrader 4 and MetaTrader 5 platforms.
- NetTradeX is a platform that allows creating and trading synthetic instruments as well as using advanced analytical tools.
- Marketsx is a platform that offers access to various markets and trading tools as well as social trading and copy trading features.
IFC Markets vs Markets.com Analytical Tools Comparison
- Both brokers offer various analytical tools to help their clients make informed trading decisions.
- IFC Markets provides market news, economic calendar, technical analysis, trading signals, market sentiment and portfolio quotation.
- Markets.com provides market news, economic calendar, technical analysis, trading signals, market sentiment and advanced charting.
IFC Markets 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. It depends on your personal preferences, trading goals, risk appetite, budget and experience level. However, here are some possible advantages and disadvantages of each broker:
- IFC Markets may be a good choice for traders who want to trade synthetic instruments, access a wide range of markets, use a low minimum deposit and avoid any fees for deposits and withdrawals.
- Markets.com may be a good choice for traders who want to trade with a highly regulated and publicly traded broker, access a large number of trading instruments, use social trading and copy trading features and benefit from lower fees for higher trading volumes or deposits.
Ultimately, you should do your own research and compare the brokers based on your own criteria. You can also try their demo accounts to test their platforms and services before opening a real account.
