Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare Markets.com vs Pepperstone.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. Pepperstone received a rating of 4.00 stars over Markets.com's 3.00 stars.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. Markets.com alongside Pepperstone are regulated in a major hub. Markets.com is a publicly traded company, while Pepperstone is not. How many currency pairs are available to trade? Pepperstone boasts an offering of 59 different currency pairs compared to Markets.com's 55 available pairs.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Markets.com alongside Pepperstone offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Markets.com and Pepperstone offer the same number of charting tools, 31. Markets.com and Pepperstone offer the same number of indicators (eg, volume), 51.
Overall, Pepperstone takes the upper hand with 4.00 stars over Markets.com's 3.50 stars. And, when it comes to individual category awards, Pepperstone finished with awards Best in Class - Customer Service and Best in Class - Active Trading in 2018, while Markets.com came up with none of these.