Written by ForexBrokers.com
In this head to head comparison of Markets.com vs FXGT.com, 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.
When comparing online brokers Markets.com and FXGT.com, a few key differences emerge, especially in terms of their regulatory standings. Founded in 1999, Markets.com has solidified its reputation with a ForexBrokers.com Trust Score of 93 out of 99, indicating a highly trusted status. The broker holds three Tier-1 licenses, confirming its strong regulation and commitment to client security. In contrast, FXGT.com, established two decades later in 2019, has a Trust Score of 69, classified as high risk by ForexBrokers.com. This score reflects its holding just one Tier-1 license, which falls short in comparison. Both brokers are not publicly traded nor do they operate as banks, and each holds an additional Tier-2 license, adding a layer of trust to their operations.
While Markets.com benefits from a longer history and a higher level of trust with more top-tier regulatory licenses, FXGT.com, despite being newer and considered high-risk, provides a starting point for traders exploring options. For those prioritizing trust and regulation, Markets.com's substantial Tier-1 licenses and high Trust Score make it a more secure choice compared to FXGT.com. Nonetheless, individual trader needs and preferences are essential factors in making the best choice between these two brokers.
| Feature |
Markets.com
|
FXGT.com
|
|---|---|---|
| Year Founded | 1999 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing the commission and fee structures of Markets.com and FXGT.com, both brokers offer services designed for diverse trading needs but show variations in their offerings. Markets.com and FXGT.com both lack average spread data, making precise cost comparisons challenging. However, Markets.com earns a 3.5-star rating out of five for its commission and fee setup, placing it at rank #50 among 63 brokers as evaluated by ForexBrokers.com.
Similarly, FXGT.com also secures a 3.5-star rating in the same category. Yet, it ranks slightly lower than Markets.com at #56 out of 63 brokers, according to ForexBrokers.com. Although both brokers hold the same star rating, these rankings suggest subtle differences in traders' experiences concerning fees and commissions.
Ultimately, both Markets.com and FXGT.com seem to offer comparable fee structures, as indicated by their identical star ratings. However, for those prioritizing ranking as a decision factor, Markets.com slightly edges out FXGT.com in the competitive landscape.
| Feature |
Markets.com
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $100 | $5 |
| 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 | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When exploring online brokerage options, it's crucial to weigh the offerings of different platforms to find the best fit for your trading needs. Markets.com stands out with an impressive array of 2,179 tradeable symbols, including 57 forex pairs available as CFDs or spot contracts. In contrast, FXGT.com offers a more compact selection of 117 tradeable symbols, encompassing 53 forex pairs. However, both brokers do not allow traders to buy exchange-traded securities directly from U.S. or international exchanges, limiting investments to CFDs and derivatives.
For cryptocurrency enthusiasts, both Markets.com and FXGT.com provide opportunities to trade cryptocurrency derivatives, but neither offers the chance to purchase actual cryptocurrencies. Copy trading is a feature available with both brokers, allowing users to mirror the strategies of experienced traders. In terms of investment range, Markets.com receives a commendable four-star rating and ranks 29th among 63 brokers, showcasing a more diverse lineup compared to FXGT.com, which is rated three stars and ranks 61st. These differences highlight the varied capabilities and focus of each trading platform, guiding traders in choosing a broker that aligns with their trading strategies and investment goals.
| Feature |
Markets.com
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2179 | 117 |
| Forex Pairs (Total) | 57 | 53 |
| 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). | 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 FXGT.com, both brokers provide traders with a range of options. Markets.com stands out by offering a proprietary platform developed in-house, in addition to the widely recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5), making it a versatile choice for traders who favor innovative technology tailored to the platform. FXGT.com, on the other hand, does not have its own proprietary platform but offers robust capabilities through MT4 and MT5. Both brokers support simulated trading with free demo accounts, provide web-based trading platforms, and offer copy trading services.
While both platforms see eye to eye with some features, there are distinct differences that might sway a trader's decision. FXGT.com shines with a comprehensive suite of 23 drawing tools for charting, compared to Markets.com's 4. Additionally, FXGT.com offers the ability to trade directly from stock charts, a feature not available with Markets.com. Despite these advantages, Markets.com is rated and ranked higher for its trading platforms and tools, receiving a 4-star rating and being placed 27th out of 63 brokers. In comparison, FXGT.com is positioned at the 56th rank, though it shares the same 4-star rating. Whether a trader prioritizes proprietary technology or direct chart trading, both brokers offer valuable features to cater to diverse trading styles.
| Feature |
Markets.com
|
FXGT.com
|
|---|---|---|
| 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 | No |
| Charting - Indicators / Studies (Total) | 89 | 37 |
| Charting - Drawing Tools (Total) | 4 | 23 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Markets.com and FXGT.com provide mobile apps for iPhone and Android, catering to traders on the go. Both platforms offer essential features like stock and forex price alerts, and watchlist symbol syncing, allowing users to stay informed and manage their watchlists seamlessly across devices. Users can enjoy drawing trendlines on charts within both apps. However, Markets.com’s app does not support viewing multiple time frames on charts, whereas FXGT.com allows for a more flexible, multi-timeframe viewing experience. Furthermore, FXGT.com offers 30 technical studies for advanced charting, surpassing Markets.com, which depends on the default studies available on MT4, without offering extra options in its proprietary app.
Despite the advanced features for technical analysis and charting offered by FXGT.com, Markets.com earns a higher mobile app rating with 4 stars compared to FXGT.com's 3.5 stars. Markets.com ranks 33rd out of 63 brokers in ForexBrokers.com's Mobile Trading Apps category, while FXGT.com sits at the 58th position. Users of FXGT.com may benefit from the added feature of auto-saving chart drawings, a functionality not available with Markets.com. Both apps support the creation of watchlists with real-time quotes, ensuring traders have up-to-date information at their fingertips.
| Feature |
Markets.com
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| 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 | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Markets.com and FXGT.com for market research offerings, it's clear that Markets.com holds an advantage. Markets.com provides daily market commentary, giving users valuable insights to make informed decisions. They also deliver forex news from reputable sources like Bloomberg and Reuters, ensuring access to high-quality information. In contrast, FXGT.com does not offer daily commentary or premium forex news from leading sources. Both platforms lack additional technical analysis tools from companies like Autochartist and Trading Central. However, each one does feature a sentiment-based trading tool, displaying long and short position ratios to guide traders.
For comprehensive insights into global economies, both Markets.com and FXGT.com provide an economic calendar displaying current and upcoming news events. Despite similarities, Markets.com stands out with a higher Research rating of 4 stars compared to FXGT.com's 3 stars. This is reflected in their ranking on ForexBrokers.com, where Markets.com is placed 17th out of 63, while FXGT.com trails at 56th. For traders seeking detailed market analysis and superior news sourcing, Markets.com appears to be the more prominent choice.
| Feature |
Markets.com
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the beginner educational resources available on Markets.com and FXGT.com, Markets.com stands out with a stronger offering. While neither platform provides a minimum of 10 articles or videos focusing on forex or CFDs, Markets.com supports beginners through monthly online educational webinars. In contrast, FXGT.com does not offer any webinars, limiting live learning opportunities for new traders. Markets.com also caters to both beginners and advanced traders with a variety of educational videos targeted at different skill levels. Unfortunately, neither platform offers an archive of recorded webinars, but Markets.com's video content is a notable resource for those starting out or looking to delve into more advanced topics.
Although FXGT.com provides an investor dictionary with over 50 trading terms, Markets.com focuses more on dynamic learning experiences, which is reflected in its higher education rating of 4 stars compared to FXGT.com's 3 stars. Market.com is ranked 34th out of 63 brokers in the Education category by ForexBrokers.com, indicating a more favorable evaluation among traders in terms of educational support. Meanwhile, FXGT.com holds the 60th spot, suggesting room for improvement in its educational offerings.
| Feature |
Markets.com
|
FXGT.com
|
|---|---|---|
| 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 FXGT.com. Markets.com finished with an overall rank of #23, while FXGT.com finished with an overall rank of #59.
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
|
FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 69 |
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Both Markets.com and FXGT.com allow investors to trade cryptocurrency derivatives without providing the option to purchase actual, delivered cryptocurrencies.
When comparing online brokers Markets.com and FXGT.com, it's important to note that while both platforms support Visa, Mastercard, and bank wire transactions, only FXGT.com offers ACH or SEPA transfers, Markets.com exclusively supports Skrill, and neither provides PayPal as an option for depositing or withdrawing funds.
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 | FXGT.com | |
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| Trust Score | 93 | 69 | |
| Winner | check_circle | ||
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| Broker Screenshots | Markets.com | FXGT.com | |
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| Regulation | Markets.com | FXGT.com | |
|---|---|---|---|
| Trust Score | 93 | 69 | |
| Year Founded | 1999 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | Markets.com | FXGT.com | |
|---|---|---|---|
| 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 | No | |
| 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 | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Markets.com | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2179 | 117 | |
| Forex Pairs (Total) | 57 | 53 | |
| 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). | 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 | FXGT.com | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Markets.com | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $100 | $5 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Markets.com | FXGT.com | |
|---|---|---|---|
| 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 | No |
| Trading Tools | Markets.com | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | 6 | 5 | |
| Charting - Indicators / Studies (Total) | 89 | 37 | |
| Charting - Drawing Tools (Total) | 4 | 23 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Markets.com | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| 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 | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | Markets.com | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Markets.com | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
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| Trust Score | 93 | 69 | |
| Winner | check_circle | ||
| Review |
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