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.
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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 considering online brokers for trading, Markets.com and TopFX stand out with distinct approaches to commissions and fees. Markets.com currently lacks available data on average spreads but is rated 3.5 out of 5 stars for its commissions and fees structure by ForexBrokers.com. The broker is ranked #49 out of 62 brokers in the Commissions and Fees category. This suggests a middle-of-the-road position, with costs that might not be the most competitive, though details on specific charges remain unspecified due to the absence of spread data.
On the other hand, TopFX provides a more detailed overview of its fee structure, offering two account types designed for different trading styles: the ZERO account and the RAW account. The ZERO account is commission-free, relying solely on spreads that average 1.03 pips for EUR/USD transactions as of July 2024. Conversely, the RAW account operates with a commission of 2.75 EUR per side (5.50 EUR round turn) per standard lot, coupled with average spreads of 0.33 pips for EUR/USD. This results in an all-in cost of approximately 0.88 pips, aligning with industry averages. TopFX earns a 4-star rating for commissions and fees, ranking #40 among 62 brokers, highlighting its cost-effectiveness in comparison to many competitors.
Overall, when comparing Markets.com and TopFX, the latter appears to offer a more transparent and potentially cost-efficient structure, especially for traders who prefer the flexibility of choosing between commission-based and spread-only accounts. Markets.com, with its middling rating and lack of specific spread data, may not be as appealing for those focused on minimizing trading expenses. As always, traders should carefully consider their personal trading needs and preferences when choosing a broker.
| 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.
Markets.com and TopFX both provide online trading services, but there are notable differences in their offerings. Markets.com shines with an impressive array of 2,179 tradeable symbols, standing out significantly compared to TopFX’s 655. In terms of forex trading, Markets.com offers a slightly smaller portfolio with 57 tradeable forex pairs, whereas TopFX provides a slightly more extensive choice with 60 pairs. For those interested in derivatives, both brokers allow trading in cryptocurrency derivatives, although neither provides access to actual cryptocurrency purchases or exchange-traded securities on U.S. or international exchanges.
Both Markets.com and TopFX support copy trading, giving traders the opportunity to mirror the strategies of more experienced investors. However, when it comes to the range of investments, Markets.com earns a higher rating with 4 stars compared to TopFX's 3.5 stars. Furthermore, Markets.com ranks at #29 among 62 brokers in ForexBrokers.com's Range of Investments category, while TopFX stands at #46, emphasizing the more extensive investment options available at Markets.com.
| 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.
Markets.com and TopFX both offer valuable features for traders, but there are notable differences in their trading platforms and tools. Markets.com provides a proprietary platform, while TopFX does not, which might appeal to those seeking unique functionality. Both brokers support web-based and Windows desktop platforms, enhancing accessibility for their users. Notably, though both markets allow MetaTrader 4 integration, only Markets.com offers MetaTrader 5, broadening the options for traders who prefer the latest version of the popular platform. For those interested in simulated trading, both platforms supply free virtual demo accounts, helpful for beginners and experienced traders alike.
When it comes to charting and analysis, TopFX offers more drawing tools with 15 available, compared to Markets.com's 4. Moreover, TopFX allows direct trading from stock charts, an advantageous feature not supported by Markets.com. For managing market data, TopFX provides seven columns for watch lists against Markets.com's six, offering more flexibility. Despite these distinctions, both brokers receive the same rating of four stars in Trading Platforms and Tools. However, Markets.com is ranked higher at #27 compared to TopFX's #45 by ForexBrokers.com, possibly indicating a broader satisfaction level among users for Markets.com's offerings. Ultimately, choosing between them depends on individual preferences and specific trading 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 it comes to mobile trading apps, both Markets.com and TopFX offer iPhone and Android support, ensuring you can trade on the go with ease. Each platform provides essential features like stock or forex price alerts and the capability to draw trendlines on charts. However, Markets.com sets itself apart with watchlist symbol syncing, meaning your watchlists in the mobile app seamlessly sync with your online account. This feature simplifies tracking your preferred stocks or forex pairs whenever and wherever you decide to make updates.
While TopFX excels by offering 30 technical studies for better charting insights, Markets.com is slightly lagging in this department with the default studies available on MT4. TopFX also allows you to view multiple time frames on charts and conveniently auto-saves your chart drawings, adding flexibility and ease to your technical analysis. Markets.com compensates with real-time quote watchlists, though it doesn’t offer the extensive time frame options or auto-save features. Both platforms hold a 4-star rating for their mobile trading apps, though Markets.com is ranked higher at #33 compared to TopFX’s #51 by ForexBrokers.com, indicating slight variations in user experience and overall app functionality.
| 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 it comes to market research offerings, Markets.com and TopFX each have strengths and unique features that appeal to varying investor needs. Markets.com excels in providing daily market commentary, offering insights and updates that can be quite beneficial for traders who rely on frequent market analysis. Both platforms provide forex news from reliable sources such as Bloomberg and Reuters, which adds value to those seeking credible information. However, TopFX stands out with its use of advanced technical and fundamental research tools from companies like Autochartist and Trading Central, catering to traders who prioritize technical analysis in their trading strategies. Both brokers offer sentiment-based trading tools and maintain economic calendars to aid users in tracking global economic events.
Despite their similarities, a few differences set these two brokers apart in the research category. Markets.com holds a higher rating of four stars compared to TopFX's three, and ranks significantly better at #17 for research in a review by ForexBrokers.com, whereas TopFX is positioned at #59. While both platforms lack offerings from companies like TipRanks and Acuity Trading, Markets.com's higher rating suggests it could offer a slightly more comprehensive market research experience overall.
| 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 comparing the educational resources provided by online brokers Markets.com and TopFX, beginners may find significant differences. Markets.com stands out with a consistent offer of online webinars each month, aimed at educating clients. This feature provides valuable opportunities for newcomers to learn directly from experts in real-time. Additionally, Markets.com caters well to both novices and experienced traders by offering more than ten educational videos for each group, covering a variety of trading topics. In contrast, TopFX does not offer monthly webinars, nor does it provide a comparable library of beginner or advanced learning videos, which could limit the learning potential for new traders.
Neither Markets.com nor TopFX offers a substantial library of general educational content, such as articles or archived webinars focused on forex or CFDs, nor do they provide an investor dictionary with investment terms. Despite these gaps, Markets.com receives a higher education rating of four stars compared to TopFX’s three stars. Moreover, Markets.com's effort is reflected in its higher ranking at #34 on ForexBrokers.com for education, whereas TopFX lags behind at #60. Overall, for beginners seeking a more comprehensive approach to learning, Markets.com appears to offer a more conducive educational platform than TopFX.
| 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 62 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 #61.
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
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TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 67 |
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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.
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0 of 5| Overall Rating | Markets.com | TopFX | |
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| Trust Score | 93 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
| Broker Screenshots | Markets.com | TopFX | |
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| 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 | |
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| Trust Score | 93 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
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