FXOpen vs Markets.com - Online Brokerage Comparison

FXOpen vs Markets.com Broker Comparison

FXOpen versus Markets.com Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$300MT465+FCA, ASIC, FSRC
$100MT4, Web Trader & Apps, MT52000+CySEC, ASIC, FSCA

FXOpen and Markets.com Comparison

Markets.com and FXOpen both offer CFD trading. FXOpen is an MT4 ECN broker, while Markets.com offers a web trader and apps, MT4 and MT5 (on which it has less markets compared with its web trader). Markets.com can offer many more markets to trade than FXOpen, but FXOpen has a competitive number for an ECN broker. Each has a range of Cryptocurrency CFDs to trade.

FXOpen is regulated by the FCA in the United Kingdom, the ASIC in Australia and the FSRC in Nevis. Markets.com is operated by Safecap Investments Limited which is regulated by the CySEC in Cyprus and the FSCA in South Africa. Markets.com Australia is operated by Tradetech Markets (Australia) Pty Ltd which is regulated by the ASIC in Australia. Markets.com Africa is operated by TradeTech Markets (South Africa) which is regulated by the FSCA in South Africa.

Quick comparison

FXOpen is an ECN broker, Markets.com offers more markets to trade: both provide MT4, Markets.com also offers MT5 and a web trader and apps.

Minimum deposit and account types

The minimum deposit for FXOpen is €/$300 or £200. The minimum deposit for Markets.com is $100.

  • FXOpen offers three accounts types, ECN, STP and Crypto, with Forex and CFD trading. The ECN account charges commissions on its markets, the STP does not charge commissions. The ECN account has a wider range of market available. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). The minimum trade size is 0.01 lots. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.
  • Markets.com offers Events & Trade (for news trading), Daily Analyst Recommendations, Insiders' Stuff (trending Stocks) and Trading Central on its web trader. On its website it provides an Economic Calendar and Weekly Market Reviews.

Markets

  • On the MT4 ECN account, FXOpen offers Forex, Indices, Energy and Precious Metals, with 65+ available.
  • On the MT4 STP account, FXOpen provides Forex and Precious Metals, for a total of 50+.
  • On the MT4 Crypto account, FXOpen offers Forex, Precious Metals and Cryptocurrencies, for a total of 55+.
  • On its web trader, Markets.com offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks, ETFs, Soft Commodities and Bonds, with 2000+ available.
  • On MT4, Markets.com provides Forex, Indices, Energy and Precious Metals with 60+ available.
  • On MT5, Markets.com offers Forex, Indices, Energy, Metals and Stocks, with 240+ available.

Cryptocurrency CFDs

  • FXOpen offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dash, Ethereum Classic, Monero, IOTA, NEO, EOS, Namecoin, Peercoin, Emercoin and OMNI.
  • Markets.com provides CFD trading in Bitcoin Futures, Ethereum, Litecoin, Ripple, Bitcoin Cash and Dash.

Spreads and leverage

  • Spreads at FXOpen are variable and are from 0.0 for EUR/USD, 0.0 for UK 100, 0.0 for Gold and 0.0 for US Crude Oil (all plus commission). The STP account has higher spreads.
  • Markets.com's spreads are fixed under normal market conditions from 2 pips for EUR/USD and from 1.2 for the UK100, 0.7 for Gold and 0.03 for US Crude Oil.
  • On MT5, Markets.com's spreads are fixed under normal market conditions from 3 pips for EUR/USD and from 2 for UK100, 0.58 for Gold and 0.05 for US Crude Oil.

Maximum leverage for FXOpen (FCA regulated) is . Maximum leverage for Markets.com operated by Safecap Investments Limited (CySEC regulated) is .

Commissions

  • For Forex, FXOpen charges a commission, which depends on volume traded, from $1.5 - $5 per standard lot per side. Other instruments have differing commission charges.
  • Markets.com does not charge commissions.

Platforms

Both brokers offer MT4, available for desktop, tablet and mobile. Markets.com additionally offers a web trader and apps.

Comparison summary

  • Both offer CFD trading
  • FXOpen is an ECN broker
  • Markets.com can offer many more markets on its web trader
  • They have a similar number on MT4
  • Markets.com also provides MT
  • Both offer Cryptocurrency CFDs
  • Each is regulated

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