After spending seven months and hundreds of hours researching 43 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 6,000 data points. For this review, we will compare eToro vs Markets.com.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. eToro's score is 3.50 stars versus Markets.com's 3.00 stars.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. eToro alongside Markets.com are regulated in a major hub. Markets.com is a publicly traded company while eToro is not. As far as how many currency pairs are available for trading, here's the answer. Markets.com offers its clients access to 55 different currency pairs while eToro has 47 available pairs, a difference of 8.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Markets.com makes Meta Trader available to clients, while eToro does not. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. Markets.com boasts an offering of 31 charting tools compared to eToro's 14 available charting tools. eToro offers its clients access to 66 different indicators (for example, volume) while Markets.com has 51 available indicators, a difference of 15.
Overall, eToro boasts 4.00 stars versus Markets.com's 3.50 stars. And, when it comes to individual category awards, eToro posted awards Best in Class - Customer Service in 2018, while Markets.com found itself with none of these.