Forex.com
Regulated in your country Forex.com is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Markets.com
Not regulated in your country Markets.com does not accept residents in Australia because it is not regulated by ASIC.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Best for
What we compare A comparison of the kinds of traders Forex.com and Markets.com are best suited to, based on what each one actually offers in Australia.Forex.com and Markets.com are equally good for professional traders, high-volume traders and scalpers.
| Overall score | Forex.com 83 Best | Markets.com 80 -3 |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise Forex.com and the ones that supervise Markets.com.Only Forex.com is regulated in Australia, by ASIC. Markets.com holds no licence in Australia and is regulated by CySEC.
| Section score | Forex.com 100 Best | Markets.com 90 -10 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | ||
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that Forex.com and Markets.com have in place to protect your money in Australia.Forex.com and Markets.com both offer segregated client funds and two-factor authentication.
| Section score | Forex.com 73 | Markets.com 72 -1 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 1999 | 2008 |
| Parent company i | StoneX Group Inc. | Finalto |
| CEO i | Glenn Stevens | Andreas Kyriacou |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | N/A | N/A |
| Brand power | ||
| Number of customers worldwide i | 1,000,000 | 4,700,000 |
| Annual revenue i | US$169,500,000 | US$768,000,000 |
| Monthly website search traffic i | 1.9M monthly visits | |
Costs
What we compare A comparison of what it costs to trade with Forex.com and with Markets.com in Australia, both on each trade and on holding the account.Forex.com is better than Markets.com for costs, given that Forex.com is cheaper on EUR/USD, at US$7.5 per lot (against Markets.com's US$10), has tighter S&P 500 CFD spreads, at 0.6 points (against Markets.com's 1 point), and has tighter gold CFD spreads, at 0.3 points (against Markets.com's 0.5 points). Neither Forex.com nor Markets.com charges account maintenance fees or deposit fees.
| Section score | Forex.com 71 Best | Markets.com 62 -9 |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | US$5 | Free |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | US$7.5 | US$10 |
| S&P 500 fees (CFD) i | 0.6 points | 1 points |
| Gold fees (CFD) i | 0.3 points | 0.5 points |
| Bitcoin fees (CFD) i | US$35 | US$50 |
| US stocks fees (CFD) i | US$0.02 | US$0.35 |
| Fees on stocks | ||
| Stock fee type i | Commission, Percentage | Spread |
| US stocks fees (real) i | ||
| ETF fees (real) i | ||
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | ||
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | ||
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with Forex.com and with Markets.com in Australia, and of how many instruments each one gives access to.There is little between Forex.com and Markets.com on available markets. Both Forex.com and Markets.com offer CFDs on commodities, crypto, forex, indices and stocks. Forex.com has a slight edge, as it gives access to 6,300 tradable symbols (against Markets.com's 2,200).
| Section score | Forex.com 85 | Markets.com 85 |
|---|---|---|
| Total tradable symbols i | 6,300 | 2,200 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, Forex, Indices, Stocks | Commodities, Crypto, Forex, Indices, Stocks |
| Futures i | ||
| Options i | ||
| Assets you can own i |
Platform
What we compare A comparison of the trading platforms that Forex.com and Markets.com make available to their clients in Australia.Forex.com and Markets.com are equally good for platforms, as both offer a proprietary platform and MetaTrader 4.
| Section score | Forex.com 89 | Markets.com 89 |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of Forex.com and Markets.com in Australia, and of what each one lets you do from your phone.Markets.com is better than Forex.com for mobile trading, given that Markets.com offers mobile trading signals, which Forex.com does not. Both Forex.com and Markets.com offer a proprietary mobile app and the MetaTrader 4 app.
| Section score | Forex.com 86 -7 | Markets.com 93 Best |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that Forex.com and Markets.com allow on their platforms in Australia.Forex.com is better than Markets.com for trading features, given that Forex.com offers guaranteed stop losses and VPS hosting, which Markets.com does not. Both Forex.com and Markets.com offer negative balance protection and trailing stops. The leverage shown for Markets.com is set by its Saint Vincent and the Grenadines entity and exceeds the retail limit in Australia (30:1 on major currency pairs).
| Section score | Forex.com 96 Best | Markets.com 77 -19 |
|---|---|---|
| Trade execution | ||
| Broker type i | Agency | Agency |
| Average execution time i | 2 ms | 0.35 ms |
| Slippage occurrence i | ||
| Requotes occurrence i | ||
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1 | 1000:1 |
| Minor/Exotic FX pairs leverage i | 20:1 | 500:1 |
| Major indices leverage i | 20:1 | 200:1 |
| Minor indices leverage i | 10:1 | 200:1 |
| Gold leverage i | 20:1 | 1000:1 |
| Commodities leverage i | 10:1 | 150:1 |
| Equities leverage i | 5:1 | 10:1 |
| Cryptocurrency leverage i | 2:1 | 1000:1 |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | US$1 | US$0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at Forex.com and at Markets.com in Australia, and of who each one is meant for.Markets.com is better than Forex.com for account types, because Markets.com offers a corporate account, an Islamic account and an unlimited demo account, which Forex.com does not. Both Forex.com and Markets.com offer a demo account and a professional traders account.
| Section score | Forex.com 39 -25 | Markets.com 64 Best |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with Forex.com and with Markets.com in Australia.Forex.com is better than Markets.com for account opening, because Forex.com offers 12 account base currencies (against Markets.com's 2), and offers local payment methods, which Markets.com does not. However, the minimum deposit is lower at Markets.com, at US$100 (against Forex.com's US$106). Markets.com holds no licence in Australia.
| Section score | Forex.com 75 Best | Markets.com 62 -13 |
|---|---|---|
| Minimum deposit i | US$106 | US$100 |
| Minimum withdrawal i | US$0 | US$0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | ||
| Local payment methods i | ||
| Account base currencies i | AUD, CAD, CHF, EUR, GBP, HKD, HUF, JPY, NZD, PLN, SGD, USD | EUR, USD |
| Deposit waiting time i | up to 2 business days | up to 1 business days |
| Withdrawal waiting time i | up to 3 business days | up to 2 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of Forex.com and Markets.com in Australia, in how it can be reached and how fast it answers.Forex.com is better than Markets.com for customer care, given that Forex.com offers a dedicated account manager and priority support, which Markets.com does not. Both Forex.com and Markets.com offer phone support and live chat.
| Section score | Forex.com 71 Best | Markets.com 58 -13 |
|---|---|---|
| Number of languages supported i | 7 | 9 |
| Website languages i | Arabic, German, English, Japanese, Polish, Spanish, Chinese | Arabic, Danish, German, English, French, Dutch, Spanish, Thai, Vietnamese |
| Website available in English i | ||
| Customer support languages i | English | Arabic, German, French, Italian, Spanish, Turkish |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that Forex.com and Markets.com provide to their clients in Australia.Markets.com is better than Forex.com for learning, because Markets.com offers an economic calendar, which Forex.com does not. Both Forex.com and Markets.com offer education for advanced traders and webinars.
| Section score | Forex.com 95 -5 | Markets.com 100 Best |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
Forex.com vs Markets.com: which one should you choose?
Forex.com
CFD/FX Choose Forex.com if you want a CFD broker regulated in Australia by ASIC, with a wide choice of markets and VPS.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Markets.com
CFD/FX Choose Markets.com if you want a forex brokerage service with fast order execution and API access and live in a country where it is licensed to operate.
Not licensed in Australia CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.Other popular comparisons
Below are other head-to-head comparisons that include Forex.com or Markets.com, each scored with the same data and method as this page.
