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Markets.com vs TopFX 2023

ForexBrokers.com

Written by ForexBrokers.com

August 29, 2023

Is Markets.com better than TopFX? In our analysis of 23 international regulators across 62 of the best forex brokers, Markets.com is considered Highly Trusted, with an overall Trust Score of 96 out of 99. TopFX is considered High-Risk, with an overall Trust Score of 67 out of 99. Learn more about Trust Score.

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Overall Rating Markets.com TopFX
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 3.5/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3/5 Stars
Education 3.5/5 Stars 3/5 Stars
Trust Score info 96 67
Winner check_circle
Review TopFX Review
Broker Screenshots Markets.com TopFX
Trading Platforms Gallery (click to expand) info
TopFX MetaTrader 4 desktop trading platformzoom_in TopFX MetaTrader 4 desktop trading platform chartszoom_in TopFX cTrader web trading platformzoom_in TopFX cTrader desktop trading platform chartszoom_in TopFX cTrader desktop trading platformzoom_in TopFX cTrader desktop trading platform algo tradingzoom_in TopFX cTrader desktop market order windowzoom_in
Mobile Trading Gallery (click to expand) info
TopFX MetaTrader 4 MT4 mobile trading appzoom_in TopFX MetaTrader 4 MT4 mobile trading app watchlistzoom_in TopFX MetaTrader 4 MT4 mobile trading app chartszoom_in TopFX MetaTrader 4 MT4 mobile trading app economic calendarzoom_in
Research Gallery (click to expand) info
TopFX cTrader web cTraderCopy strategieszoom_in TopFX cTrader desktop economic market newszoom_in TopFX cTrader desktop economic calendarzoom_in TopFX cTrader desktop cTraderCopyzoom_in
Education Gallery (click to expand) info
TopFX educational videos Facebook pagezoom_in TopFX client portalzoom_in
Regulation Markets.com TopFX
Trust Score info 96 67
Year Founded info 1999 2010
Publicly Traded (Listed) info Yes No
Bank info No No
European Union Authorised (MiFID) info Yes info Yes info
Tier-1 Licenses info 3 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) Markets.com TopFX
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info No No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
European Union Authorised (MiFID) info Yes info Yes info
Tier-2 Licenses (Trusted) Markets.com TopFX
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA/Central Bank Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments Markets.com TopFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 2179 655
Forex Pairs (Total) info 57 60
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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 TopFX
Average Spread EUR/USD - Standard info 1.9 info N/A info
All-in Cost EUR/USD - Active info 1.9 info N/A info
Active Trader or VIP Discounts info Yes No
Inactivity Fee info No No
Execution: Agency Broker info No No
Execution: Market Maker info Yes Yes
Funding Markets.com TopFX
Minimum Deposit info $100 Depends on payment method
PayPal (Deposit/Withdraw) info No Yes
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Trading Platforms Markets.com TopFX
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes No
cTrader info No Yes
DupliTrade info No No
ZuluTrade info No No
Trading Tools Markets.com TopFX
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info No Yes
Watchlists - Total Fields info 6 7
Charting - Indicators / Studies (Total) info 89 30
Charting - Drawing Tools (Total) info 4 15
Charting - Trade From Chart info No Yes
Charts can be saved info Yes Yes
Mobile Trading Markets.com TopFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info (default on MT4, none on Markets app) 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info No Yes
Mobile Charting - Drawings Autosave info No Yes
Forex Calendar info No Yes
Research Markets.com TopFX
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central (Recognia) info No Yes
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education Markets.com TopFX
Education (Forex or CFDs) info No No
Client Webinars info Yes No
Client Webinars (Archived) info No No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info No No
Major Forex Pairs Markets.com TopFX
GBP/USD info No Yes
USD/JPY info No Yes
EUR/USD info No Yes
USD/CHF info No Yes
USD/CAD info No Yes
NZD/USD info No Yes
AUD/USD info No Yes
Review TopFX Review
Overall Markets.com TopFX
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 3.5/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3/5 Stars
Education 3.5/5 Stars 3/5 Stars
Trust Score info 96 67
Winner check_circle
Review TopFX Review
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Markets.com vs TopFX Comparison

We’ve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. That same research and data powers our broker comparisons. Let's compare Markets.com vs TopFX.

Can I trust Markets.com?

Markets.com is publicly traded, does not operate a bank, and is authorised by three Tier-1 regulators (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulator (Average Risk), and one Tier-4 regulator (High Risk). Markets.com is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC).

Can I trust TopFX?

TopFX is not publicly traded and does not operate a bank. TopFX is authorised by one tier-1 regulator (Highly Trusted), zero tier-2 regulators (Trusted), zero tier-3 regulators (Average Risk), and one tier-4 regulator (High Risk). TopFX is authorised by the following tier-1 regulators: the European Union via MiFID.

Is Markets.com good?

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.

Is TopFX good?

TopFX offers the MetaTrader and cTrader platform suites, and grants access to a medium range of CFD markets and forex pairs. However, TopFX struggles to compete with the best brokers in several categories, including market research and education.

What is the minimum deposit requirement for opening an account with Markets.com?

To open a forex trading account with Markets.com, you'll need to make an initial minimum deposit of $100.

What is the minimum deposit requirement for opening an account with TopFX?

Markets.com requires a minimum deposit of Depends on payment method before you can open an account and start trading forex.

What funding options does each broker offer?

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Markets.com offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for banking, whereas TopFX provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw).

Does Markets.com or TopFX offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that TopFX offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

Is Markets.com or TopFX safer for forex and CFDs trading?

At ForexBrokers.com, we track over 100 international regulatory agencies to help you choose the most well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that Markets.com holds 3 global Tier-1 licenses, while TopFX holds 1. Markets.com holds 1 global Tier-2 licenses, while TopFX holds 0.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that Markets.com (96) earned a higher Trust Score than TopFX (67).

Which trading platform is better: Markets.com or TopFX?

To compare the trading platforms of both Markets.com and TopFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Markets.com offers a better experience. With research, Markets.com offers superior market research. Finally, we found Markets.com to provide better mobile trading apps.

Here’s what trading platforms are available at Markets.com:

  • Proprietary Platform - Yes
  • Web Platform - Yes
  • cTrader - No
  • DupliTrade - No
  • MT4 - Yes
  • MT5 - Yes
  • ZuluTrade - No
  • TradingView - No

Here’s what trading platforms are available at TopFX:

  • Proprietary Platform - No
  • Web Platform - Yes
  • cTrader - Yes
  • DupliTrade - No
  • MT4 - Yes
  • MT5 - No
  • ZuluTrade - No
  • TradingView - No
TopFX MetaTrader 4 desktop trading platformzoom_in TopFX MetaTrader 4 desktop trading platform chartszoom_in TopFX cTrader web trading platformzoom_in TopFX cTrader desktop trading platform chartszoom_in TopFX cTrader desktop trading platformzoom_in TopFX cTrader desktop trading platform algo tradingzoom_in TopFX cTrader desktop market order windowzoom_in

What about MetaTrader? How about copy trading?

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both Markets.com and TopFX offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. Markets.com and TopFX both offer copy trading.

What can I trade with each broker?

TopFX provides traders 60 currency pairs (e.g., EUR/USD) compared to Markets.com's 57 available pairs. If you are interested in trading CFDs, Markets.com offers traders access to 2179 CFDs, while TopFX offers access to 655 CFDs; so Markets.com offers 1524 more CFDs than TopFX.

We found in our testing that TopFX offers a more diverse selection of investment options than Markets.com, allowing you to trade both brokers allow traders to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Cryptocurrency (Derivative) and Social Trading / Copy Trading. Neither have Int'l Stock Trading (Non CFD) and Cryptocurrency (Physical).

Overall winner: Markets.com

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announcementPlease 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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