Written by ForexBrokers.com
In this head to head comparison of Markets.com vs FXOpen, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Markets.com, established in 1999, and FXOpen, founded in 2003, are both well-known online brokers, but they differ in terms of trust and regulation. Markets.com holds a solid Trust Score rating of 93 out of 99 from ForexBrokers.com, placing it in the "highly trusted" category. It operates with three Tier-1 licenses, recognized for their high trust level, and one Tier-2 license, which is deemed trusted. FXOpen, on the other hand, has a Trust Score rating of 76, putting it in the "average risk" category, with two Tier-1 licenses and no Tier-2 licenses.
Neither Markets.com nor FXOpen is publicly traded or operates as a bank, which is a common trait among many independent brokerage firms. Despite this, Markets.com’s stronger trust score and higher number of top-tier licenses might appeal to traders prioritizing regulatory oversight. FXOpen, with its lower score and fewer licenses, may present more of a calculated choice for those who understand and are comfortable with the associated risk levels.
| Feature |
Markets.com
|
FXOpen
|
|---|---|---|
| Year Founded | 1999 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing online brokers based on commissions and fees, Markets.com and FXOpen present different strengths. Markets.com garners a rating of 3.5 stars in this category, placing them at #49 out of 62 brokers as reviewed by ForexBrokers.com. Though exact average spread data for Markets.com isn’t available, this rating suggests that while their fee structure might not be the most cost-effective, it manages to hold its own against numerous competitors.
On the other hand, FXOpen receives a higher rating of 4 stars, ranking at #45 among 62 brokers in the Commissions and Fees category according to ForexBrokers.com. Like Markets.com, FXOpen's specific average spread data isn't provided, but the better rating and higher position in the rankings indicate a more appealing fee setup for traders who prioritize cost-saving in their trading activities.
For traders deciding between the two, FXOpen appears to offer a superior commission and fee structure based on current ratings and rankings. However, without detailed spread information, a comprehensive cost analysis would require additional considerations, especially with personalized trading habits in mind.
| Feature |
Markets.com
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Markets.com to FXOpen, both brokers offer forex trading through CFDs or spot contracts, but they vary widely in the number of tradeable symbols and forex pairs available. Markets.com provides a staggering 2,179 tradeable symbols, significantly outpacing FXOpen, which offers 87. In terms of forex pairs, Markets.com also leads with 57 options compared to FXOpen’s 25, giving investors more variety for trading. Both platforms do not offer access to U.S. or international exchange-traded securities outside of CFDs, nor do they allow for the purchase of actual cryptocurrencies, sticking instead to cryptocurrency derivatives. However, both brokers support copy trading, appealing to those looking to emulate successful trading strategies.
Awarding four stars for its range of investments, Markets.com is ranked 29th among 62 brokers by ForexBrokers.com, underlining its broader offering of tradeable instruments. On the other hand, FXOpen earns three stars and ranks at the 61st position, reflecting its narrower selection. While neither offers direct investment in stocks or physical cryptocurrencies, those seeking more diverse opportunities might find Markets.com’s wider array of options more attractive for their trading needs.
| Feature |
Markets.com
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2179 | 87 |
| Forex Pairs (Total) | 57 | 25 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Both Markets.com and FXOpen offer traders the chance to try their platforms with free virtual demo accounts, making them accessible for new users wanting to practice risk-free. While Markets.com provides a custom-built, proprietary platform, FXOpen does not, though both brokers offer the popular MetaTrader 4 and MetaTrader 5 platforms, which are favored among both beginner and seasoned traders. Additionally, both companies provide web and Windows-based platforms, with the option for copy trading available to broaden customer trading strategies.
In terms of charting tools, FXOpen has an edge with 15 drawing tools compared to Markets.com’s 4, and FXOpen users can trade directly from stock charts, a feature not available on Markets.com. Markets.com offers 6 watch list columns, slightly fewer than FXOpen's 7. Despite these differences, both brokers are similarly rated for their trading platforms and tools, receiving 4 stars each. However, Markets.com ranks higher in the industry, positioned at #27 by ForexBrokers.com, while FXOpen sits at #53, reflecting users' opinions regarding ease of use and variety of features. ZuluTrade is available with FXOpen for traders interested in social trading networks, which Markets.com does not offer.
| Feature |
Markets.com
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 89 | 30 |
| Charting - Drawing Tools (Total) | 4 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Markets.com and FXOpen offer mobile trading apps for iPhone and Android users. They provide key features such as stock or forex price alerts and the ability to draw trendlines on charts directly within the app. However, a notable difference is that Markets.com supports watchlist symbol syncing, which keeps your watchlists consistent between your mobile app and online account. Unfortunately, this feature is absent in FXOpen.
In terms of charting capabilities, FXOpen stands out by providing 30 technical studies and the ability to view multiple time frames on charts, which Markets.com doesn't offer. Despite having these features, FXOpen shares a similar user rating with Markets.com, both receiving 4 stars for their mobile trading apps. Nonetheless, when ranked by ForexBrokers.com, Markets.com is placed higher at #33 compared to FXOpen's #54 among 62 brokers, potentially indicating a broader appeal of the Markets.com mobile app to traders.
| Feature |
Markets.com
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | (default on MT4, none on Markets app) | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | No | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both Markets.com and FXOpen provide daily market commentary and current forex news from reputable sources such as Bloomberg and Reuters. However, neither broker offers technical analysis or fundamental research tools from Autochartist or Trading Central, and both lack market research tools from TipRanks and Acuity Trading. Yet, Markets.com distinguishes itself by providing a sentiment-based trading tool, which shows the ratio of long or short positions across various currency pairs, a feature FXOpen does not offer.
While both platforms feature an economic calendar to track global news events, Markets.com is rated higher for research with four stars compared to FXOpen's three stars. According to ForexBrokers.com, Markets.com boasts a respectable ranking of 17th out of 62 brokers in the Research category, whereas FXOpen ranks last at 62nd. Consequently, Markets.com presents a more compelling case for investors seeking comprehensive market insights and analysis tools.
| Feature |
Markets.com
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing educational resources for beginners at Markets.com and FXOpen, it's clear that each broker has its strengths. Markets.com stands out with monthly online educational webinars, offering great opportunities for live learning and interaction. They also provide a variety of beginner-focused trading videos, making it easier for newcomers to get a solid start. While they offer plenty of advanced educational content, they could improve by adding more textual resources such as articles or archived webinars. Markets.com is rated four stars for education, ranking 34th out of 62 brokers.
On the other hand, FXOpen does not offer webinars nor many videos, which may limit learning methods for beginners who prefer different formats. However, they offer an investor dictionary, a handy resource that lists over 50 investing terms. This can be particularly helpful for beginners looking to understand trading jargon. FXOpen is rated three stars for education, occupying the 58th spot out of 62 brokers. While Markets.com leads in most categories, FXOpen still offers some valuable resources, particularly for those interested in enhancing their vocabulary in the trading world.
| Feature |
Markets.com
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Markets.com is better than FXOpen. Markets.com finished with an overall rank of #23, while FXOpen finished with an overall rank of #54.
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.
| Feature |
Markets.com
|
FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 76 |
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Both Markets.com and FXOpen do not offer the ability to buy actual delivered cryptocurrencies, but both platforms provide the option to trade cryptocurrency derivatives.
Markets.com and FXOpen both provide Skrill, Visa, Mastercard, and bank wire options for depositing or withdrawing account funds, but neither offers ACH, SEPA, or PayPal as payment methods.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Markets.com | FXOpen | |
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| Trust Score | 93 | 76 | |
| Winner | check_circle | ||
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| Broker Screenshots | Markets.com | FXOpen | |
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| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | Markets.com | FXOpen | |
|---|---|---|---|
| Trust Score | 93 | 76 | |
| Year Founded | 1999 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Markets.com | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Markets.com | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Markets.com | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2179 | 87 | |
| Forex Pairs (Total) | 57 | 25 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Markets.com | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Markets.com | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Markets.com | FXOpen | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Markets.com | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 89 | 30 | |
| Charting - Drawing Tools (Total) | 4 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Markets.com | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | (default on MT4, none on Markets app) | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | No | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | No | Yes |
| Research | Markets.com | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Markets.com | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Markets.com | FXOpen | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | No | Yes | |
| AUD/USD | Yes | Yes | |
| Review |
| Overall | Markets.com | FXOpen | |
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| Trust Score | 93 | 76 | |
| Winner | check_circle | ||
| Review |
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