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 Swissquote.
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. Swissquote is a better option with a 3.50 star rating over Markets.com's 3.00 star rating.
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 and Swissquote both are regulated in a major hub. Markets.com alongside Swissquote are publicly traded companies. How many currency pairs are available to trade? Markets.com trails Swissquote by 23 total currency pairs (for example, EUR/USD), with Swissquote offering 78 and Markets.com offering 55.
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 Swissquote 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 Swissquote offer the same number of charting tools, 31. Both brokers offer clients access to the same number of indicators (eg, moving averages), 51.
Overall, Swissquote boasts 4.00 stars versus Markets.com's 3.50 stars. And, when it comes to individual category awards, Swissquote was rated Best in Class - Customer Service in 2018, while Markets.com was rated none of these.