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.
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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 the commissions and fees of online brokers Markets.com and FXOpen, there are noticeable differences that can help traders decide the best option for their needs. Markets.com is rated 3.5 out of five stars for its commissions and fees, placing it at #50 in the Commissions and Fees category among 63 brokers reviewed by ForexBrokers.com. While specific average spread data isn't available, Markets.com offers a service that might suit traders who prioritize other features over the cost per trade.
In contrast, FXOpen fares slightly better in the same category with a rating of 4 out of five stars, ranking #44 out of 63 brokers. Like Markets.com, FXOpen doesn't provide average spread data, but its higher rating suggests a potentially more cost-effective option for traders focused on minimizing expenses related to trading.
Ultimately, while both brokers provide reliable platforms, FXOpen holds a slight edge in terms of favorable commissions and fees, making it an attractive choice for cost-conscious traders. Traders are encouraged to consider these ratings when making their decision, alongside other factors such as trading tools and customer service.
| 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 the range of investments between Markets.com and FXOpen, it becomes clear that Markets.com offers a considerably wider selection. Markets.com provides access to 2,179 tradable symbols, including 57 forex pairs, making it a versatile option for traders seeking a broad spectrum of opportunities. In contrast, FXOpen offers a more limited selection of 87 tradable symbols, with 25 forex pairs available. Both brokers support forex trading as CFDs or spot contracts, and neither gives direct access to exchange-traded U.S. or international securities.
Both Markets.com and FXOpen accommodate cryptocurrency enthusiasts, but only through derivatives, not the direct purchase of cryptocurrencies. Additionally, each platform offers copy trading features to enhance trading strategies. Despite having common features, Markets.com is rated higher with 4 stars for its range of investments compared to FXOpen's 3 stars. On ForexBrokers.com, Markets.com is ranked 29th, whereas FXOpen is positioned at 62nd among 63 brokers, highlighting the broader investment options available with Markets.com.
| 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.
When comparing the trading platforms and tools of Markets.com and FXOpen, both brokers cater to traders with differing needs and preferences. They both offer simulated trading through free virtual demo accounts, making it easy for beginners to practice without risk. Markets.com stands out for its proprietary trading platform developed in-house, while FXOpen does not have a unique platform. However, both brokers provide a Windows-based desktop platform and web-based trading, ensuring flexibility for users. For those interested in copy trading, both brokers support this feature, while FXOpen extends its offering with ZuluTrade, which is not available with Markets.com.
Regarding the technology in use, both brokers support the popular MetaTrader 4 and MetaTrader 5 platforms. However, there are differences in the tools available for analysis and charting. FXOpen offers a more extensive toolkit with 15 drawing tools, compared to Markets.com’s 4, and enables direct trading from stock charts, whereas Markets.com does not offer this feature. For organization, Markets.com provides watchlists with six customizable fields, slightly fewer than FXOpen's seven. Despite these differences, both platforms are equally rated at four stars for their trading platforms and tools. Markets.com, however, holds a higher industry ranking at #27 compared to FXOpen's #53 according to ForexBrokers.com.
| 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.
When comparing the mobile trading apps of Markets.com and FXOpen, both platforms offer similar core features such as availability on iPhone and Android, price alerts, and the ability to draw trendlines directly on charts. A significant difference is how watchlists are handled; Markets.com's app syncs watchlist symbols with the client’s online account, allowing changes to be reflected across devices, while FXOpen does not offer this feature. Both apps also support creating watchlists with real-time quotes, but only FXOpen provides multiple time frames for chart analysis, which can be beneficial for traders looking for flexibility.
In terms of technical studies, FXOpen leads by offering 30 options in its mobile app, compared to Markets.com, which lacks default options on its proprietary app. Despite these differences, both apps have received a satisfactory rating of 4 out of 5 stars for mobile trading. However, their rankings by ForexBrokers.com vary, with Markets.com positioned at #33 and FXOpen at #54 out of 63 brokers, suggesting Markets.com might edge ahead for users emphasizing overall app experience and synced functionality.
| 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.
When it comes to market research, both Markets.com and FXOpen offer daily market commentary and access to forex news from leading sources like Bloomberg and Reuters. However, Markets.com stands out by providing a sentiment-based trading tool that presents a clear ratio of long and short positions across various currency pairs, while FXOpen does not offer such a tool. Both brokers lack advanced research tools from companies like Autochartist, Trading Central, and Acuity Trading. In terms of further research support, neither offers market insights from TipRanks, but both do provide an economic calendar to keep traders informed about global events.
Overall, while both brokers have their strengths, Markets.com edges ahead in research capabilities. It holds a slightly higher rating of 4 out of 5 stars compared to FXOpen's 3-star rating. This is reflected in their rankings by ForexBrokers.com, where Markets.com is placed at a respectable 17th position out of 63 brokers in the research category, while FXOpen trails at the end of the list at 63rd place. This suggests that traders looking for a richer array of research tools and insights might find Markets.com more appealing.
| 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, Markets.com appears to take the lead over FXOpen. While neither broker provides a comprehensive library with a minimum of 10 educational articles or videos focused specifically on forex or CFDs, Markets.com distinguishes itself by offering at least one online educational webinar per month. This can be an invaluable resource for newcomers looking to learn through interactive experiences. Additionally, Markets.com provides an array of video content tailored to both beginners and advanced traders, making it a versatile choice for those at different stages of their trading journey.
On the other hand, FXOpen lacks regular webinars and a rich selection of educational videos targeted at beginners. However, it does cater to learners with an investor dictionary featuring over 50 investing terms, which can serve as a helpful tool for gaining foundational knowledge. Despite this, Markets.com holds a notable edge with its 4-star education rating compared to FXOpen's 3 stars, underscoring its commitment to offering more comprehensive learning resources. Additionally, Markets.com is ranked higher in educational offerings by ForexBrokers.com, placing 34th out of 63 brokers, whereas FXOpen is further down the list at 58th place. Thus, for those prioritizing educational development in trading, Markets.com might be the preferable choice.
| 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 63 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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| 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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