If you are reading this article, you are likely having trouble deciding whether FXTM 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 FXTM or Markets.com broker comparison, we outline the highlights of each trading platform to help you make a more informed decision. We evaluate:
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- FXTM vs Markets.com - Verdict
Mauritius United States CMA, FCA, FSC Mauritius, FSCA ASIC, BVIFSC, CySEC, FCA, FSCA N/A 2011 2008 ECN/STP, Market Maker Market Maker $200 $100 MetaTrader 4, MetaTrader 5, Proprietary platform Proprietary platform 0.1 pips 0.7 pips 0.2 pips 1.1 pips $0.09 $0.05 $0.18 $0.30 77.00% 79.90% 0.0 Pips Not applicable 1.5 pips 0.6 pips $0.80 - $4.00 per round lot Commission-free Visit Website Visit Website
Features and Platforms
N/A N/A Visit Website Visit Website
FXTM established itself as a market leader in emerging and frontier markets. It provides traders with upgraded MT4/MT5 trading platforms and a proprietary mobile alternative. It is also a leading educational broker, and it fully supports automated trading. Markets.com grants clients the core MT4/MT5 trading platforms and two proprietary alternatives, one for investors and another one for traders. It upgrades its core trading environment with fourteen excellent trading tools. The XRay personalized financial live-stream service enhances the high-quality product and services portfolio.
Available Markets
N/A N/A Visit Website Visit Website
FXTM maintains a quality mix of assets, including 62 currency pairs. It only offers traders four cryptocurrency pairs and eight commodities, placing it near the bottom compared to all competitors. With 175 equity CFDs and eleven index CFDs, new traders have enough trading opportunities, but it does not suffice for advanced clients. Markets.com remains one of the top locations for Forex traders with 120 currency pairs. The 3,313 equity CFDs represent the core of its asset selection. Clients may also trade 35 commodities and 58 index CFDs, together with four bond CFDs and 23 in-house-themed stock baskets.
Typical Spreads and Fees
0.1 pips 0.7 pips 0.2 pips 1.1 pips $0.09 $0.05 $0.18 $0.30 N/A $51.50 0.0 Pips Not applicable 1.5 pips 0.6 pips $0.80 - $4.00 per round lot Commission-free $5 monthly after 6 months N/A Visit Website Visit Website
The commission-free account at FXTM features an uncompetitive mark-up of 1.5 pips versus 0.6 pips at Markets.com. FXTM has one of the best commission-based ECN accounts, where traders get access to a minimum spread of 0.1 pips for a fee of $4.00 per round lot. The FXTM Loyalty Program lowers costs to as little as $0.80 per round lot. Traders will pay swap rates on leveraged overnight positions at both brokers. FXTM and Markets.com forward all corporate actions to clients. While the former levies an internal withdrawal cost, Markets.com does not, but third-party charges may apply.
Security and Trust
Cyprus, Kenya, Mauritius, United Kingdom, South Africa Australia, Cyprus, United Kingdom, British Virgin Islands, South Africa CMA, FCA, FSC Mauritius, FSCA ASIC, BVIFSC, CySEC, FCA, FSCA 185/12, 777911, C113012295, 135, 46614 607305, 092/08, 424008, SIBA/L/14/1067, 46860 Visit Website Visit Website
FXTM operates under the Mauritius Financial Services Commission (FSC) regulatory framework, where it offers its most competitive trading environment. Additional subsidiaries exist with oversight of the trusted UK Financial Conduct Authority (FCA) and the uncompetitive Cyprus Securities and Exchange Commission (CySEC). Markets.com has operating units with authorization in the UK (FCA), Cyprus (CySEC), Australia (ASIC), South Africa (FSCA), and the British Virgin Islands (FSC). Both brokers segregate client deposits and grant negative balance protection to clients. FXTM and Markets.com remain among the most secure and trusted brokers with a clean regulatory track record and competitive trading environment.
FXTM vs Markets.com – Verdict
FXTM and Markets.com offer an excellent product and services portfolio to their clients. The former established a leadership position in emerging and frontier markets, offering many local payment options. The latter caters to a more demanding and established trader base. Both brokers provide new traders with valuable educational content, where Markets.com retains an edge via its XRay live-stream service. FXTM fully supports automated trading solutions with the MT4/MT5 trading platforms, upgraded with six add-ons and VPS hosting. Markets.com maintains the out-of-the-box MT4/MT5 trading platforms but adds fourteen advanced trading tools. It also delivers two proprietary alternatives catering to investors and traders. FXTM trades is an innovative mobile trading platform, popular in low-income trading environments. The asset selection at Markets.com remains significantly more comprehensive and one of the best for Forex traders.
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