In the fast-paced world of forex trading, choosing the right broker is crucial. FxPro and markets.com are two popular options, each with unique strengths and weaknesses. This comparison will dive into the key features of both platforms,helping you decide which one best suits your trading style and goals.
The radar chart above illustrates the comparison between FxPro and markets.com across several key metrics, with the highest possible score being 100 in each category.
At FxScouts, our mission is to assist traders in finding the broker that best suits their needs. Comparing brokers side-by-side is an effective method to achieve this goal. We evaluated FxPro and markets.com, using our standard criteria: trust and regulation, trading platforms, costs and trading conditions, and educational and market analysis resources.
Trust and regulation are crucial when selecting a Forex broker. A broker’s credibility is largely built on its regulatory status. We spend considerable time verifying the safety of each broker by examining their regulatory licenses. We also consider numerous factors when deciding which tier a regulator belongs to. Regulators that we rank as the world’s top regulators, gets a tier 1 rank, while regulators who only scores a tier 5-rank, provide virtually no regulatory oversight. The more top-tier authorities regulating a broker, the higher its trust rating. Read more about regulation and our tier system here.
In our comparison:
Based on these findings, FxPro earned a higher trust rating than markets.com.
When comparing brokers, trading costs are a significant factor. We consider the minimum deposit required to open an account and ongoing costs, including spreads and commissions. We measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit, including both the spread and any commission charged.
We found that markets.com has overall lower trading costs than FxPro.
Trading Platforms Offered Traders prefer brokers that offer a variety of trading platforms. We rate brokers higher if they support multiple platforms like MetaTrader4, MetaTrader5, cTrader, and proprietary platforms.
Copy trading is beneficial for beginner traders or those unable to trade full-time. In this case both FxPro and markets.com offer copy trading.
A broader range of CFD instruments provides more trading opportunities. FxPro offers a greater variety of instruments compared to markets.com:
For those interested in trading cryptocurrencies, markets.com offers 43 cryptocurrencies, while FxPro offers 30 cryptocurrencies. Therefore, markets.com is the better choice for cryptocurrency trading.
Traders prefer brokers with quick and cost-effective deposit and withdrawal processes. We favor brokers that process withdrawals within 24 hours using multiple methods without charging fees.We found that neither FxPro nor markets.com charges a withdrawal fee. Overall, FxPro has better deposit and withdrawal processes than markets.com.
We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas.
markets.com has better educational support than FxPro. Both FxPro and markets.com offer educational support for more experienced traders.Access to frequent and high-quality market research and analysis is crucial.
We found that FxPro offers better research analysis than markets.com and that both FxPro and markets.com offer frequent webinars.
Founded in 2006, FxPro is an well-regulated broker offering traders a secure trading environment, competitive pricing, and a broad choice of platforms.
FxPro offers four CFD accounts (MT4 Standard, MT4 Raw+, MT5 Standard, and cTrader). All accounts feature fast execution and access to over 2,100 CFDs across multiple asset classes. Platform choice includes MetaTrader 4, MetaTrader 5, cTrader, and the FxPro Edge web and mobile app.
FxPro allows hedging, scalping, and algorithmic trading on all platforms except its own. FxPro also offers a number of trading tools, including free access to Trading Central, a number of calculators, and a VPS service at an additional cost, which is in line with what is offered at other brokerages.
Established in 2009, Markets.com is a trustworthy global Forex broker regulated by some top-tier authorities, including CySEC of Cyprus and the FSCA of South Africa. It offers fast trading execution on 400+ trading assets, including stock CFDs, Forex, commodities, cryptocurrencies, indices, ETFs, and bonds.
Markets.com offers only one live account, which is limited compared to other brokers, but spreads start at 1 pip (EUR/USD), with no commissions and a minimum deposit requirement of only 100 GBP. Full support is offered for MT4, MT5, TradingView and Markets.com's award-winning in-house platform. An advanced multi-asset trading platform, its inhouse platform is packed full of features, including excellent trading tools, expert analysis, and in-depth charting.
Markets.com also provides a high level of customer service compared to other brokers, and all traders are assigned a dedicated Account Manager to assist with any queries regarding their account or using the platform.
For more detailed reviews, please read our comprehensive assessments of FxPro and markets.com.
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Broker | Overall Rating Our overall rating evaluates brokers on platform quality, fees, service, regulation, and instruments. Higher scores reflect better performance and reliability. | Official Site Click to visit the broker’s official website for more information and to open an account. | Min. Deposit The minimum amount of money required to open an account with this broker. | Min. Spread | Trading Cost | Licenced by Displays the financial regulators licensing the broker, shown by national flags, ensuring compliance with financial standards for safer trading. | Accepts Traders from %s | Compare Select two brokers using the checkboxes to compare their features, fees, platforms, and more side by side. |
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USD 0 | 0 pips | USD 7 | jp, es, us, ca | |||||
USD 3 | 0.10 pips | USD 7 | at, be, bg, cy, cz, de, dk, ee, el*, es, fi, fr, hr, hu, ie, it, lt, lu, lv, mt, nl, pl, pt, ro, se, si, sk, us, ca, au, nz, il, iq, sy, ir, kp, my, ye, sg, pr, gu | |||||
USD 0 | 0 pips | USD 10 | jp, be, el, lt, pt, bg, es, lu, ro, cz, fr, hu, si, dk, hr, mt, sk, de, it, nl, fi, ee, cy, at, se, ie, lv, pl | |||||
USD 5 | 0.60 pips | USD 6 | us, es, ca, ir, il | |||||
USD 100 | 0.90 pips | USD 9 | es, be, cu, ir, kp, sy, us, nz, ru, by, lb, ye, im, uk, je, gg, af, dz, iq, ps, in | |||||
USD 100 | 1 pips | USD 10 | jp, es | |||||
USD 100 | 0.40 pips | USD 14 | es | |||||
USD 100 | 0 pips | USD 6 | jp, es | |||||
USD 200 | 0.10 pips | USD 8 | jp, es | |||||
USD 0 | 0.80 pips | USD 7 | us, es |
Alison and Chris cover a range of topics, including how to choose a Forex broker, safety and regulation, how to reduce your risk, trading psychology, trading platforms, and trading strategies, among others.
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