Written by ForexBrokers.com
In this head to head comparison of Markets.com vs TopFX, 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, established in 1999, stands out with a high Trust Score of 93, placing it in the highly trusted category according to ForexBrokers.com. Although not publicly traded or a bank, it holds three highly trusted Tier-1 licenses along with one trusted Tier-2 license. These factors contribute to its strong reputation in the online brokerage industry.
Founded in 2010, TopFX offers a different profile with a Trust Score of 67, categorizing it as high risk. Also not publicly traded or a bank, TopFX has secured one highly trusted Tier-1 license and does not possess any Tier-2 licenses. Despite its more limited regulatory credentials, TopFX remains a viable option for some traders.
| Feature |
Markets.com
|
TopFX
|
|---|---|---|
| Year Founded | 1999 | 2010 |
| 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 TopFX, it's important to consider various factors like spreads, account types, and the pricing structure. Markets.com does not provide average spread data, which might make it difficult for traders to anticipate trading costs effectively. This broker has a 3.5-star rating for commissions and fees, placing it at rank #50 out of 63 brokers analyzed by ForexBrokers.com. This indicates that while Markets.com is a viable choice for traders, there are areas for improvement when it comes to fees and transparency.
TopFX, on the other hand, offers two distinct account types that cater to different trading preferences. The spread-only ZERO account operates with higher spreads, averaging about 1.03 pips for the EUR/USD pair. Alternatively, the RAW account features a competitive commission-based structure, with an average spread of 0.33 pips and a commission of 2.75 EUR per side. This results in an all-in cost of roughly 0.88 pips for a typical trade, aligning well with industry standards. With a 4-star rating from ForexBrokers.com, TopFX is ranked #40 out of 63 in the Commissions and Fees category, showcasing its more favorable position in terms of cost efficiency.
Ultimately, traders looking for transparent and potentially lower-cost trading might consider TopFX, especially if they are comfortable with its commission-based RAW account. However, those who prefer a simpler fee structure may still find value in Markets.com, despite its lower ranking and star rating compared to the industry average. Both brokers offer unique benefits, so potential clients should carefully evaluate their trading needs and priorities when making a decision.
| Feature |
Markets.com
|
TopFX
|
|---|---|---|
| Minimum Deposit | $100 | Depends on payment method |
| Average Spread EUR/USD - Standard | N/A | 1.03 |
| All-in Cost EUR/USD - Active | N/A | 0.88 |
| 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 the variety of investments available, Markets.com and TopFX both excel in different areas. Markets.com provides an extensive selection with 2,179 tradeable symbols, compared to TopFX’s 655. In terms of forex pairs, TopFX slightly edges out Markets.com by offering 60 pairs, while Markets.com offers 57. Neither platform offers the ability to invest in exchange-traded securities on U.S. or international exchanges such as Apple or Vodafone, focusing instead on derivatives. Both brokers support forex trading as CFDs or spot contracts, and offer the option for copy trading. However, traditional cryptocurrency purchases are not available on either platform; they both stick to cryptocurrency derivatives instead.
Ranked 29th out of 63 brokers for their range of investments by ForexBrokers.com, Markets.com earns a commendable 4-star rating, offering a wider overall array of trading options. In contrast, TopFX, with a slightly lower rating of 3.5 stars, holds the 46th spot for its investment range. Despite the differences in total offerings, both platforms cater to diverse trading strategies but with different emphases and rankings, making them suitable choices for various investor preferences.
| Feature |
Markets.com
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2179 | 655 |
| Forex Pairs (Total) | 57 | 60 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| 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 the trading platforms and tools of Markets.com and TopFX, both brokers offer valuable features that cater to different trading preferences. Markets.com provides traders with a proprietary platform along with popular platforms such as MetaTrader 4 and MetaTrader 5, offering flexibility in trading options. Additionally, a virtual demo account allows users to practice strategies without financial risk. Although both brokers support a browser-based platform and Windows-based desktop downloads, Markets.com edges out slightly with the inclusion of MetaTrader 5, which TopFX lacks. Both brokers offer copy trading capabilities, but neither provides features like DupliTrade or ZuluTrade.
For charting capabilities, Markets.com offers four drawing tools, while TopFX provides a more comprehensive 15. Moreover, TopFX allows trading directly from stock charts, an option that Markets.com doesn't offer, potentially streamlining the trading experience for actionable insights. When it comes to watch lists, TopFX offers a slight advantage with seven available columns compared to Markets.com's six. Despite these differences, both brokers receive a four-star rating for trading platforms and tools, though Markets.com holds a higher rank at 27th in the ForexBrokers.com category compared to TopFX’s 45th position. This information could help traders determine which platform aligns best with their needs.
| Feature |
Markets.com
|
TopFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 89 | 30 |
| Charting - Drawing Tools (Total) | 4 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When choosing between the mobile trading apps from Markets.com and TopFX, both platforms offer apps for iPhone and Android, supporting stock and forex price alerts as well. Markets.com provides the advantage of watchlist symbol syncing, allowing you to make changes that reflect across both the mobile app and your online account. TopFX, however, does not offer this syncing feature. When it comes to technical studies for charting, TopFX stands out with 30 available options, in contrast to Markets.com which includes the default settings on MT4 but none on their own app. Both apps allow trendline drawing, yet TopFX also offers the flexibility of viewing different time frames such as daily and weekly, and even automatically saves your chart drawings, whereas Markets.com does not.
For those who prioritize creating a watchlist with real-time quotes, both Markets.com and TopFX cater to this need effectively. When it comes to user ratings, both apps have received a solid 4-star rating for mobile trading experience. However, in rankings by ForexBrokers.com, Markets.com is positioned higher at #33 out of 63 brokers, while TopFX holds the #51 spot. This might suggest a broader satisfaction with Markets.com's mobile trading features despite some of the technical advantages noted for TopFX. Ultimately, your choice may depend on whether you value seamless syncing and user rankings or technical charting features more highly.
| Feature |
Markets.com
|
TopFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | (default on MT4, none on Markets app) | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | No | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of Markets.com and TopFX, several key differences emerge. Markets.com provides daily market commentary, which is absent from TopFX's services. Both brokers deliver forex news from respected sources like Bloomberg, Reuters, and Dow Jones, ensuring traders stay informed with reliable information. While TopFX enhances its research capabilities with tools from Autochartist and Trading Central, Markets.com does not offer these additional features. Both platforms provide sentiment-based trading tools that show the ratio of long and short positions across currency pairs, facilitating informed trading decisions.
Moreover, both Markets.com and TopFX offer an economic calendar displaying global news events, aiding traders in planning their strategies around key economic announcements. Despite some commonalities, Markets.com has a higher research rating of four out of five stars and is ranked 17th out of 63 brokers by ForexBrokers.com for research. In contrast, TopFX has a lower research rating of three stars and is placed 60th in the same category. Overall, Markets.com seems to provide a more favorable research environment for traders seeking detailed market insights.
| Feature |
Markets.com
|
TopFX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| 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 stands out compared to TopFX. Markets.com excels in providing a monthly online webinar, offering a continuous learning experience for its clients. This broker also provides a generous collection of beginner and advanced educational videos, ensuring both newcomers and seasoned traders can enhance their skills. On the other hand, TopFX does not provide webinars or a robust library of educational videos, which may leave beginners searching for more guidance. Although both brokers lack a searchable archive of past webinars and an investor dictionary, Markets.com still manages to shine in its educational offerings, earning a commendable 4-star rating for education.
The distinction between the two brokers is further underscored by their rankings in the Education category at ForexBrokers.com. Markets.com holds the 34th position out of 63 brokers, indicating a solid commitment to educational content, while TopFX lags behind at 61st place. While neither broker offers an extensive collection of articles or webinars on forex and CFDs education, Markets.com's dedication to video content and live learning opportunities positions it as a more appealing option for beginners wanting to learn the ropes of online trading.
| Feature |
Markets.com
|
TopFX
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| 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 TopFX. Markets.com finished with an overall rank of #23, while TopFX finished with an overall rank of #62.
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
|
TopFX
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 93 | 67 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both Markets.com and TopFX do not offer the ability to buy actual delivered cryptocurrencies, but they both provide options to purchase cryptocurrency derivatives.
When comparing online brokers Markets.com and TopFX, it is noteworthy that neither offers ACH or SEPA transfers for depositing or withdrawing funds; however, while TopFX supports PayPal for transactions, Markets.com does not, yet both brokers facilitate Skrill, Visa or Mastercard, and bank wires as methods for fund 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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Markets.com | TopFX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 93 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
| Broker Screenshots | Markets.com | TopFX | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | Markets.com | TopFX | |
|---|---|---|---|
| Trust Score | 93 | 67 | |
| Year Founded | 1999 | 2010 | |
| 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 | TopFX | |
|---|---|---|---|
| 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 | No | |
| 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 | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2179 | 655 | |
| Forex Pairs (Total) | 57 | 60 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| 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 | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.03 | |
| All-in Cost EUR/USD - Active | N/A | 0.88 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Markets.com | TopFX | |
|---|---|---|---|
| Minimum Deposit | $100 | Depends on payment method | |
| 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 | TopFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Markets.com | TopFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 89 | 30 | |
| Charting - Drawing Tools (Total) | 4 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Markets.com | TopFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | (default on MT4, none on Markets app) | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | No | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | Markets.com | TopFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Markets.com | TopFX | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | Markets.com | TopFX | |
|---|---|---|---|
| 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 | TopFX Review |
| Overall | Markets.com | TopFX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 93 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill
