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Markets.com vs eToro 2020

Is eToro better than Markets.com? After testing 30 of the best forex brokers over five months, Markets.com is better than eToro. Thanks to its web-based MarketsX platform, Markets.com is easy to use and new trader friendly. However, Markets.com is pricey and lacks the feature-rich trading tools required to compete with the best trading platforms.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature Markets.com eToro
Overall 4 4
Markets.com Review eToro Review
73% of retail CFD accounts lose money 62% of retail CFD accounts lose money

Regulation

Feature Markets.com eToro
Trust Score 97 91
Year Founded
1999 2007
Publicly Traded (Listed)
Yes No
Bank
No No
Tier-1 Licenses
2 2
Tier-2 Licenses
2 1
Tier-3 Licenses
1 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature Markets.com eToro
ASIC Authorised (Australia)
Yes Yes
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
No Yes
CFTC Registered (USA)
No No

Investments

Feature Markets.com eToro
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
57 47
CFDs - Total Offered
2179 1980
Cryptocurrency traded as actual
No Yes
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 4 4.5
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Cost

Feature Markets.com eToro
Average Spread EUR/USD - Standard
1.9 (as of Oct 19) 3 (as of May 19)
All-in Cost EUR/USD - Active
1.9 (as of May 19) N/A
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 4 3
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Funding

Feature Markets.com eToro
Minimum Initial Deposit
$100 $200
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
No Yes
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature Markets.com eToro
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
Yes No
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes No
MetaTrader 5 (MT5)
Yes No
cTrader
No No

Trading Tools

Feature Markets.com eToro
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
No Yes
Watchlists - Total Fields
6 6
Charting - Indicators / Studies (Total)
89 66
Charting - Drawing Tools (Total)
4 13
Charting - Trade From Chart
No No
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 4 4
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Mobile Trading

Feature Markets.com eToro
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes No
Watch List
Yes Yes
Watch List Syncing
Yes Yes
Charting - Indicators / Studies
(default on MT4, none on Markets app) 5
Charting - Draw Trend Lines
Yes No
Charting - Trend Lines Moveable
No No
Charting - Multiple Time Frames
No Yes
Charting - Drawings Autosave
No No
Forex Calendar
No No
Mobile Trading 4 4
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Research

Feature Markets.com eToro
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes No
Weekly Webinars
Yes No
AutoChartist
No No
Trading Central (Recognia)
No No
Delkos Research
Yes No
Social Sentiment - Currency Pairs
Yes Yes
Economic Calendar
Yes Yes
Research 4 4
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Education

Feature Markets.com eToro
Has Education - Forex
No Yes
Has Education - CFDs
No No
Client Webinars
Yes Yes
Client Webinars (Archived)
No No
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
No Yes
Education 3.5 4
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Major Forex Pairs

Feature Markets.com eToro
GBP/USD
Yes Yes
USD/JPY
Yes Yes
EUR/USD
Yes Yes
USD/CHF
Yes Yes
USD/CAD
Yes Yes
NZD/USD
Yes Yes
AUD/USD
Yes Yes

Overall

Feature Markets.com eToro
Markets.com Review eToro Review
Overall 4 4
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After spending several months and hundreds of hours researching 30 different forex brokers for trading FX, our team at ForexBrokers.com team collected over 3,180 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. Markets.com received a rating of 4.00 stars over eToro'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 and Markets.com both 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 57 different currency pairs while eToro has 47 available pairs, a difference of 10.

Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Markets.com offers Meta Trader 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. eToro trails Markets.com by 18 total charting tools, with Markets.com offering 31 and eToro offering 13. Markets.com trails eToro by 15 total different indicators (for example, moving averages), with eToro offering 66 and Markets.com offering 51.

eToro Review
Markets.com Review


Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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