To find the top fx brokers
, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare City Index vs Markets.com.
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. City Index's score is 4.00 stars versus Markets.com's 3.00 stars.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. Both City Index and Markets.com are regulated in a major hub. Both City Index and Markets.com are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. City Index offers its clients access to 84 different currency pairs while Markets.com has 55 available pairs, a difference of 29.
To round out our comparison of City Index vs Markets.com, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Both City Index and Markets.com offer Meta Trader. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. Markets.com boasts an offering of 31 charting tools compared to City Index's 25 available charting tools. Markets.com trails City Index by 88 total different indicators (for example, moving averages), with City Index offering 139 and Markets.com offering 51.
Overall, City Index comes out on top with 4.50 stars over Markets.com's 3.50 stars. And, when it comes to individual category awards, both City Index and Markets.com found themselves without awards for Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Customer Service, Best in Class - Active Trading, Best in Class - Mobile Trading and Best in Class - Investor Education in 2018.