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Interactive Brokers vs Markets.com 2020

Is Interactive Brokers better than Markets.com? After testing 30 of the best forex brokers over five months, Interactive Brokers is better than Markets.com. Professional traders looking for a complete multi-asset broker will find Interactive Brokers offers a comprehensive platform with competitive fees across multiple global financial markets.



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 Interactive Brokers Markets.com
Overall 4.5 4
Interactive Brokers Review Markets.com Review
66% of retail CFD accounts lose money 70% of retail CFD accounts lose money

Regulation

Feature Interactive Brokers Markets.com
Trust Score 94 97
Year Founded
1977 1999
Publicly Traded (Listed)
Yes Yes
Bank
No No
Tier-1 Licenses
6 2
Tier-2 Licenses
0 2
Tier-3 Licenses
0 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses

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

Investments

Feature Interactive Brokers Markets.com
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
No Yes
Currency Pairs (Total Forex pairs)
105 57
CFDs - Total Offered
7400 2179
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 4.5 4
Winner check_circle

Cost

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

Funding

Feature Interactive Brokers Markets.com
Minimum Initial Deposit
$0 $100
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
No Yes
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
No Yes

Trading Platforms

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

Trading Tools

Feature Interactive Brokers Markets.com
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes No
Watchlists - Total Fields
494 6
Charting - Indicators / Studies (Total)
121 89
Charting - Drawing Tools (Total)
9 4
Charting - Trade From Chart
Yes No
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 4.5 4
Winner check_circle

Mobile Trading

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

Research

Feature Interactive Brokers Markets.com
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
No Yes
AutoChartist
No No
Trading Central (Recognia)
Yes No
Delkos Research
No Yes
Social Sentiment - Currency Pairs
No Yes
Economic Calendar
Yes Yes
Research 4.5 4
Winner check_circle

Education

Feature Interactive Brokers Markets.com
Has Education - Forex
Yes No
Has Education - CFDs
Yes No
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes No
Videos - Beginner Trading Videos
No Yes
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
Yes No
Education 4 3.5
Winner check_circle

Major Forex Pairs

Feature Interactive Brokers Markets.com
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 Interactive Brokers Markets.com
Interactive Brokers Review Markets.com Review
Overall 4.5 4
Winner check_circle

Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 forex and CFD brokerages to find the best forex broker. Let's compare Interactive Brokers vs Markets.com.

Does Interactive Brokers or Markets.com offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Interactive Brokers offers better pricing overall for traders.

Is Interactive Brokers or Markets.com safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. Interactive Brokers holds 6 global Tier-1 licenses, while Markets.com holds 2. Markets.com holds 2 global Tier-2 licenses, while Interactive Brokers holds 0. All regulators considered, Markets.com has a Trust Score of 97.00, while Interactive Brokers's Trust Score is 94.00.

Which trading platform is better: Interactive Brokers or Markets.com?
To compare the trading platforms of both Interactive Brokers and Markets.com, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Interactive Brokers offers a better experience. With research, Interactive Brokers offers superior market research. Finally, we found Interactive Brokers to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. While Markets.com offers copy trading, Interactive Brokers does not. Markets.com offers MetaTrader 4 (MT4), while Interactive Brokers does not.

How many forex pairs and CFDs are available to trade?
Interactive Brokers provides traders 105 currency pairs (e.g., EUR/USD) compared to Markets.com's 57 available pairs. Forex pairs aside, Interactive Brokers offers traders access to 7400 CFDs while Markets.com has 2179 available CFDs, a difference of 5,221.

Overall, between Interactive Brokers and Markets.com, Interactive Brokers is the better forex broker.

Interactive Brokers Review
Markets.com Review

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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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