Written by ForexBrokers.com
In this head to head comparison of Markets.com vs iFOREX, 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 and iFOREX are two well-established online brokers with years of experience in the industry, having been founded in 1999 and 1996 respectively. Neither of these brokers is publicly traded or operates as a bank, which are factors some investors consider when assessing a broker's credibility. When it comes to regulatory standing, Markets.com has a stronger position with three Tier-1 licenses recognized as highly trusted plus one Tier-2 license. Meanwhile, iFOREX holds one Tier-1 license with no additional Tier-2 licenses to its name.
In terms of trustworthiness, Markets.com holds a commanding position with a Trust Score of 93 out of 99, placing it in the highly trusted category according to ForexBrokers.com. iFOREX, conversely, holds a Trust Score of 75, which categorizes it as having average risk. These scores and regulatory credentials may influence potential investors looking for reliable options in online trading. As always, investors should conduct thorough research and consider their own needs and preferences when choosing a broker.
| Feature |
Markets.com
|
iFOREX
|
|---|---|---|
| Year Founded | 1999 | 1996 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of online brokers Markets.com and iFOREX, both platforms present similar challenges as detailed spread data is unavailable. Markets.com receives a rating of 3.5 stars in this category. It is ranked as the 50th out of 63 brokers on ForexBrokers.com, indicating that while competitive, there might be brokers with more appealing fee structures.
On the other hand, iFOREX receives a slightly lower rating of 3 stars for commissions and fees. It falls further down the list, ranking 61st out of 63 brokers according to ForexBrokers.com. This suggests that iFOREX might not be the most cost-effective choice for traders primarily focused on minimizing fees.
In summary, if you're evaluating brokers based on their commissions and fees, Markets.com appears to have a slight edge over iFOREX, both in terms of user rating and industry ranking. However, potential investors should still consider various factors and possibly test each platform to find the best fit for their trading strategies.
| Feature |
Markets.com
|
iFOREX
|
|---|---|---|
| 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 | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| 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 it comes to comparing Markets.com and iFOREX on their range of investments, both platforms offer opportunities in forex trading through CFDs or spot contracts. However, Markets.com provides a broader selection of tradeable symbols, totaling 2,179 compared to iFOREX's 750. Although iFOREX leads in offering 88 tradeable forex pairs against Markets.com's 57, Markets.com compensates with a diverse range of derivative options, including cryptocurrency derivatives. Neither broker offers direct investments in U.S. or international exchange-traded securities, so investing in companies like Apple or Vodafone through them isn't possible. Moreover, Markets.com stands out with copy trading options, a feature that is not available on iFOREX.
From ratings and rankings shared by ForexBrokers.com, Markets.com receives a higher rating of four stars for its range of investments, ranking #29 out of 63 brokers. In comparison, iFOREX scores 3.5 stars, placing it at #41. Both platforms allow users to trade cryptocurrency derivatives rather than actual cryptocurrencies, meeting the needs of investors looking for digital asset exposure without owning the underlying assets. Whether your focus is on a wider selection of symbols or copy trading, Markets.com may offer a more comprehensive investment experience, while iFOREX may appeal to those prioritizing a larger choice of forex pairs.
| Feature |
Markets.com
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2179 | 750 |
| Forex Pairs (Total) | 57 | 88 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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 trading platforms and tools, Markets.com and iFOREX offer distinct features that cater to different trading styles. Markets.com provides a virtual demo account, allowing beginners to practice without financial risks, while iFOREX lacks this feature. Both brokers have developed their own platforms in-house, offering a unique trading experience. However, Markets.com further extends its platform offerings with both a Windows-based desktop and a web-based platform, whereas iFOREX is limited to its browser-based platform. Markets.com also leads in versatility by supporting popular platforms like MetaTrader 4 and 5, which are absent in iFOREX's suite. Copy trading is available at Markets.com, providing another tool for traders to explore, a feature that iFOREX does not offer.
Despite these differences, both platforms have their strengths in charting capabilities. While iFOREX offers more drawing tools for chart analysis, Markets.com facilitates a customizable watch list with six fields, compared to iFOREX’s nine. However, iFOREX does enable direct trading from stock charts, a convenience not supported by Markets.com. Overall, both brokers receive a four-star rating for their trading platforms and tools, yet Markets.com surpasses iFOREX in the ForexBrokers.com ranking, holding the 27th spot compared to iFOREX's 54th. Each platform proves reliable, yet they appeal to different traders depending on the desired trading methods and platform features.
| Feature |
Markets.com
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 89 | 57 |
| Charting - Drawing Tools (Total) | 4 | 25 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Markets.com and iFOREX, both offer compatibility with iPhone and Android devices, providing users with broad access to their trading tools on the go. Markets.com stands out by offering stock and forex price alerts, which is a feature not available with iFOREX. Additionally, Markets.com allows for watchlist symbol syncing, so changes made to your watchlists are updated seamlessly between its mobile app and online account. However, both platforms fall short when it comes to extensive charting functionalities, as iFOREX lacks technical studies and the ability to draw trendlines, whereas Markets.com does offer trendline drawing capabilities but no customization of time frames.
While both apps receive identical ratings of four out of five stars, Markets.com boasts a higher ranking (#33) compared to iFOREX's (#55) according to ForexBrokers.com. Users looking for features like real-time quote watchlists would find Markets.com more appealing. However, those not in need of advanced chart functionalities might find both platforms equally satisfactory. Overall, Markets.com offers a more feature-rich experience with its ability to sync watchlists and provide price alerts, catering to traders who prioritize these functionalities.
| Feature |
Markets.com
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | (default on MT4, none on Markets app) | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | No | No |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, both Markets.com and iFOREX deliver daily market commentary and provide traders with an economic calendar highlighting key global events. Markets.com shines with its forex news, drawing from top-tier sources like Bloomberg and Reuters, which iFOREX lacks. Meanwhile, although neither broker offers research tools from companies like Autochartist or TipRanks, iFOREX does incorporate Trading Central's analytical resources, providing a bit more insight into technical analysis. Both brokers feature sentiment-based trading tools that display the ratio of long or short positions, keeping traders informed about current market moods.
In terms of overall research resources and quality, Markets.com earns a competitive edge with a 4-star rating, in contrast to iFOREX's 3.5 stars. This is underscored by their rankings at ForexBrokers.com, where Markets.com holds the 17th spot out of 63 brokers for research, significantly outperforming iFOREX, which sits at 48th. For traders seeking comprehensive insights and information, Markets.com appears to provide a more enriched platform that better supports decision-making processes.
| Feature |
Markets.com
|
iFOREX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | Yes |
| 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 it comes to educational resources for beginners, Markets.com and iFOREX each have their strengths and weaknesses. Markets.com does not provide a large number of educational articles, videos, or webinars centered on forex or CFDs, but they do host monthly online educational webinars, which are not offered by iFOREX. Unfortunately, neither platform maintains a searchable archive of past webinars. However, both Markets.com and iFOREX cater to beginners by offering at least 10 instructional videos in beginner trading topics. Markets.com goes a step further with more advanced educational content, providing more than 10 videos designed for experienced traders, a resource that iFOREX does not match.
While both brokers are committed to educating beginner traders, Markets.com has a slight edge due to its availability of advanced video content and regular webinars. Neither Markets.com nor iFOREX offer an investor dictionary to help elucidate investment terms. On a five-star scale for educational offerings, Markets.com scores a commendable 4 stars, slightly ahead of iFOREX's 3.5 stars, according to ForexBrokers.com ratings. Overall, Markets.com ranks 34th out of 63 brokers in the education category, whereas iFOREX is positioned at 53rd, reflecting the difference in their educational offerings. These ratings indicate that while both platforms have room for improvement, Markets.com offers slightly more comprehensive educational options, particularly for those desiring ongoing learning through webinars and advanced content.
| Feature |
Markets.com
|
iFOREX
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | No |
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 iFOREX. Markets.com finished with an overall rank of #23, while iFOREX finished with an overall rank of #52.
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
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iFOREX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 75 |
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Both Markets.com and iFOREX do not allow the purchase of actual (delivered) cryptocurrency, but they both provide options for buying cryptocurrency derivatives.
When comparing online brokers, both Markets.com and iFOREX provide options for depositing and withdrawing funds using Skrill, Visa, Mastercard, and bank wires, but while Markets.com does not support PayPal, iFOREX offers this option, and neither broker supports ACH or SEPA transfers.
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 | iFOREX | |
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| Trust Score | 93 | 75 | |
| Winner | check_circle | ||
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| Broker Screenshots | Markets.com | iFOREX | |
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| Regulation | Markets.com | iFOREX | |
|---|---|---|---|
| Trust Score | 93 | 75 | |
| Year Founded | 1999 | 1996 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Markets.com | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2179 | 750 | |
| Forex Pairs (Total) | 57 | 88 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| 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 | iFOREX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Markets.com | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | No | No | |
| Watchlists - Total Fields | 6 | 9 | |
| Charting - Indicators / Studies (Total) | 89 | 57 | |
| Charting - Drawing Tools (Total) | 4 | 25 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Markets.com | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | (default on MT4, none on Markets app) | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | No | No | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | No | No |
| Research | Markets.com | iFOREX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Markets.com | iFOREX | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | Markets.com | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
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| Trust Score | 93 | 75 | |
| Winner | check_circle | ||
| Review |
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