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 |
Looking at trading costs, TopFX scores 4.0 out of 5 stars and ranks #41 of 63 for Commissions and Fees on ForexBrokers.com, while Markets.com earns 3.5 out of 5 stars and ranks #51 of 63. If keeping fees down is your priority, TopFX generally has the edge thanks to clearer pricing, whereas Markets.com does not publish average spread data, which makes direct comparisons harder.
TopFX offers two account types on MetaTrader and cTrader: the spread-only ZERO account and the commission-based RAW account. The RAW account charges €2.75 per side (€5.50 per round turn) per standard lot. In July 2024, the RAW account’s average spread on EUR/USD was 0.33 pips; add the commission equivalent of about 0.55 pips per round turn, and the all-in cost came to roughly 0.88 pips—about in line with the industry average. The ZERO account has no commission but showed higher average spreads of 1.03 pips on EUR/USD in July 2024. The minimum deposit depends on your chosen payment method.
Markets.com provides a basic overview of commissions and fees, but average spread figures aren’t available. With a 3.5-star rating and a #51 ranking for Commissions and Fees, it trails TopFX in this category and may be harder to evaluate on a like-for-like basis due to the lack of published spread data.
| 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 vs TopFX: When it comes to range of investments, Markets.com lists 2,179 tradeable symbols, while TopFX offers 655. For forex, Markets.com provides 57 currency pairs and TopFX has 60. Both support forex trading (CFD or spot), include copy trading, and offer crypto derivatives, but neither allows buying actual cryptocurrency. Neither broker offers exchange‑traded shares on U.S. or international exchanges.
In ratings by ForexBrokers.com, Markets.com scores 4 stars and ranks 30th out of 63 for Range of Investments, while TopFX earns 3.5 stars and ranks 47th. If you want the widest overall selection of instruments, Markets.com stands out; if your focus is currency pairs and you also want copy trading, TopFX is a solid option.
| 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 free demo (paper) accounts, web-based platforms, and Windows desktop downloads. Markets.com adds its own proprietary platform, while TopFX relies on third-party options. Both support copy trading and MetaTrader 4 (MT4), but only Markets.com also offers MetaTrader 5 (MT5). Neither integrates ZuluTrade. For chart workflows, TopFX lets you place trades directly from a chart, whereas Markets.com does not. Watchlists differ slightly: Markets.com has 6 columns, while TopFX offers 7.
Each broker earns 4 out of 5 stars for Trading Platforms and Tools. In ForexBrokers.com’s 63-broker lineup, Markets.com ranks #27 and TopFX ranks #46, suggesting Markets.com has a slight edge thanks to its proprietary platform and MT5 support. TopFX may appeal if you prefer chart-based order entry and a slightly more detailed watchlist. Your pick comes down to whether you want MT5 and an in-house platform (Markets.com) or trading from charts (TopFX).
| Feature |
Markets.com
|
TopFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading 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 [DELETED] | ||
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 89 | 30 |
| Charting - Drawing Tools (Total) [DELETED] | ||
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Markets.com and TopFX both deliver mobile trading apps for iPhone and Android with real-time watchlists, price alerts, and the ability to draw trendlines. Markets.com syncs watchlists between the app and your online account, while TopFX does not. For charting, TopFX includes 30 technical indicators, supports multiple time frames (intraday to weekly), and auto-saves your drawings. Markets.com’s own app does not include built-in indicators and does not auto-save drawings, nor does it offer multiple time frames; however, if you use the MT4 mobile app via Markets.com, you can access MT4’s default indicators.
Both brokers earn 4 stars for mobile trading apps, but ForexBrokers.com ranks Markets.com higher at #34 out of 63 brokers versus TopFX at #52. Pick Markets.com if synced watchlists and simple, alert-driven trading matter most. Choose TopFX if you want more in-app chart tools, including indicators, multiple time frames, and saved annotations.
| 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.
Comparing market research at Markets.com and TopFX shows clear differences. Markets.com publishes daily market commentary, while TopFX does not. Both brokers stream forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, and each offers a sentiment tool and an economic calendar. For third‑party analytics, TopFX stands out by including Autochartist and Trading Central, whereas Markets.com does not integrate those vendors. Markets.com does not offer TipRanks or Acuity Trading tools; TopFX’s support for TipRanks or Acuity Trading is not specified.
Ratings reflect these trade-offs: Markets.com earns 4 stars for Research and ranks #17 out of 63 brokers on ForexBrokers.com, while TopFX holds 3 stars and ranks #61. In short, Markets.com suits traders who value daily commentary and strong news coverage, and TopFX appeals to those who want extra technical analysis from Autochartist and Trading Central.
| Feature |
Markets.com
|
TopFX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginner traders comparing Markets.com vs TopFX on education, both brokers fall short of offering a full forex and CFD education library as defined by having 10 or more dedicated pieces. That said, Markets.com is stronger for learning: it runs monthly client webinars and provides at least 10 beginner videos, plus 10+ advanced videos for when you’re ready to level up. TopFX does not offer monthly educational webinars and does not meet the 10-video mark for beginners or advanced topics. Neither broker has a searchable archive of past webinars or an investor dictionary with 50+ terms.
These differences show up in third-party scores: Markets.com earns 4 stars for Education and ranks 34th out of 63 brokers at ForexBrokers.com, while TopFX holds 3 stars and ranks 62nd. If you want live sessions and a deeper catalog of beginner-friendly videos, Markets.com is the more education-focused choice; TopFX’s learning materials are comparatively limited.
| 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
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TopFX
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|---|---|---|
| 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) | |||
| 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) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| 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 Desktop Trading 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 [DELETED] | |||
| 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) [DELETED] | |||
| 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 | ||
| Client sentiment data | 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 | 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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