Markets vs Forex.com
If you are reading this article, you’re likely having trouble deciding whether Forex.com or Markets.com is the better Forex trading platform for you. While both platforms generally provide positive user experiences, there are some essential differences to note.
In this Forex.com vs Markets.com review, we outline the highlights of each trading platform to help you make a more informed decision. We evaluate:
|Feature||Markets (visit site)||Forex.com (visit site)|
|CySEC, FSCA||FCA, IIROC, FSA, ASIC, CFTC, NFA, CIMA|
Type of Broker:
|Market Maker/STP||Market Maker|
U.S. Clients Allowed:
|$100||£50 or a currency equivalent|
Commissions / Spreads:
|Spreads, Commission||Both, asset dependent|
|Share Dealing||MT4 Account|
Features and Platforms
Forex.com ranks among the best MT4 brokers per active serves as of April 2019, but unfortunately, only the core MT4 trading platform is available. Forex.com also has its proprietary Web Trading as an alternative for manual traders. In-house research and education enhance the trading environment with a broad-based Forex selection. Markets.com is one of the best-rounded overall brokers, featuring two proprietary trading platforms, one for investors and one for traders, alongside MT4/MT5. Traders will notably benefit from fourteen trading tools, the Investment Strategy Builder and the XRay personalized financial live stream service.
|Type of Platform:||Proprietary trading platform, MT4, MT5||MetaTrader 4, MetaTrader 5, Proprietary platform, Web-based|
Guaranteed Stop Loss:
Guaranteed Limit Orders:
Interest on Margin:
Retail Loss Rates :
Forex.com features 84 currency pairs, placing it in the Top 20 and making it an excellent destination for pure Forex traders. Other available markets include eight cryptocurrencies, 33 commodities, 18 index CFDs, and 220+ equity CFDs. Markets.com lists 67 currency pairs, an average choice, but 25 cryptocurrency pairs. Completing the asset selection are 28 commodities 2,027 equity CFDs, 40 index CFDs, 60 ETFs, 23 in-house themed stock baskets, and four bond CFDs. Forex.com and Markets.com provide a balanced choice of available markets, suitable for all types of traders, but the latter maintains a visible edge outside of Forex.
Typical Spreads and Fees
The commission-free cost structure at Forex.com starts from 0.8 pips with an average of 1.1 pips. It results in costs of $11 per 1.0 standard lots. Active traders will benefit from the DMA account, where a minimum spread of 0.1 pips for a commission of $60 per $1,000,000 in nominal trading volume or $6 per lot awaits. High-frequency traders may reduce costs to $2 per lot. Markets.cm delivers a commission-free offer commencing from 0.6 pips or $6 per lot. Swap rates on leveraged overnight positions apply at Forex.com and Markets.com together with third-party payment processor fees.
Security and Trust
Forex.com is part of publicly-listed StoneX, which has a history of regulatory fines. International clients will deal with the UK subsidiary authorized by the UK Financial Conduct Authority (FCA). Forex.com may redirect clients to StoneX subsidiary CityIndex. Markets.com, owned by Playtech PLC, a publicly-listed UK company and constituent of the FTSE250, has the UK FCA as its primary regulator. Additional oversight exists from the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities & Investments Commission (ASIC), and the British Virgin Islands Financial Services Commission (FSC). A £/€/$1,000,000 excess of loss insurance policy also exists.
Markets vs Forex.com – Verdict
Forex.com provides Forex traders with a sound trading environment from its DMA cost structure. Manual traders will find the proprietary Web Trading platform superior to MT4, only available as the out-of-the-box version. One of the best assets remains its educational section. It is a well-designed program, divided into three experience levels plus seven themes. One drawback to consider is the corporate ownership at Forex.com, as StoneX has a history of misconduct and regulatory fines under various names over the past decade. Markets.com presents investors and traders with one of the most secure and trustworthy brokerages globally. Besides the core MT4/MT5 trading platforms, two proprietary alternatives, Marketsi and Marketsx, are available. The commission-free Forex cost structure ranks among the best, offering better value than the most competitive offer at Forex.com. The asset selection and trading tools at Markets.com set it further apart for an overall superior experience.
Is Forex.com or Markets.com safer for Forex and CFDs trading?
Markets.com delivers a safer and more trustworthy choice. Both are part of publicly-listed companies, but Forex.com owner StoneX has a history of misconduct and regulatory fines.
Which trading platform is better: Forex.com or Markets.com?
The proprietary trading platforms, including more than a dozen trading tools, at Markets.com, trump what Forex.com deploys. The core MT4/MT5 is also available at Markets.com versus MT4 at Forex.com.
Does Forex.com or Markets.com offer lower pricing?
Most traders will get superior pricing in the commission-free offer at Markets.com. High-frequency traders may achieve lower costs at Forex.com if they qualify for the volume-based rebate program.
Which is better, Forex.com or Markets.com?
While Forex.com provides Forex traders with a choice to consider, the overall product and services portfolio at Markets.com remains significantly superior. Forex.com takes an edge with education, but Markets.com executes better across all other categories.