After spending seven months and hundreds of hours researching 43 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 6,000 data points. For this review, we will compare Markets.com vs XTB.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. XTB received a rating of 4.00 stars over Markets.com's 3.00 stars.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Both Markets.com and XTB are regulated in a major hub. Both Markets.com and XTB are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. Markets.com offers its clients access to 55 different currency pairs while XTB has 49 available pairs, a difference of 6.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Markets.com alongside XTB offer Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. Markets.com and XTB offer the same number of charting tools, 31. Both Markets.com and XTB provide clients with access to 51 total indicators (eg, moving averages).
Overall, XTB boasts 4.00 stars versus Markets.com's 3.50 stars. And, when it comes to individual category awards, XTB was rated Best in Class - Customer Service in 2018, while Markets.com was rated none of these.