Written by ForexBrokers.com
In this head to head comparison of Markets.com vs FXGT.com, 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.
When comparing online brokers Markets.com and FXGT.com, a few key differences emerge, especially in terms of their regulatory standings. Founded in 1999, Markets.com has solidified its reputation with a ForexBrokers.com Trust Score of 93 out of 99, indicating a highly trusted status. The broker holds three Tier-1 licenses, confirming its strong regulation and commitment to client security. In contrast, FXGT.com, established two decades later in 2019, has a Trust Score of 69, classified as high risk by ForexBrokers.com. This score reflects its holding just one Tier-1 license, which falls short in comparison. Both brokers are not publicly traded nor do they operate as banks, and each holds an additional Tier-2 license, adding a layer of trust to their operations.
While Markets.com benefits from a longer history and a higher level of trust with more top-tier regulatory licenses, FXGT.com, despite being newer and considered high-risk, provides a starting point for traders exploring options. For those prioritizing trust and regulation, Markets.com's substantial Tier-1 licenses and high Trust Score make it a more secure choice compared to FXGT.com. Nonetheless, individual trader needs and preferences are essential factors in making the best choice between these two brokers.
| Feature |
Markets.com
|
FXGT.com
|
|---|---|---|
| Year Founded | 1999 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing the commissions and fees of online brokers Markets.com and FXGT.com, both platforms offer competitive options but lack average spread data, which may affect decision-making for traders focused on spread costs. Markets.com and FXGT.com each have a rating of 3.5 stars out of five in the commissions and fees category, indicating a moderate level of competitiveness in their pricing structures.
Markets.com is ranked #49 out of 62 brokers by ForexBrokers.com for its commissions and fees. This rank suggests that while there are more cost-effective brokers available, Markets.com offers a decent balance of fees within the industry landscape. The absence of average spread information means traders may need to further investigate the specific costs involved for their trading preferences.
On the other hand, FXGT.com holds a slightly lower ranking at #55 out of 62 brokers for the same category. This rank reflects that FXGT.com might trail behind some competitors in terms of cost efficiency. Traders considering FXGT.com should be aware of this positioning and evaluate the broker's fee structure alongside other factors like platform features and customer support to determine overall value.
| Feature |
Markets.com
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $100 | $5 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments between Markets.com and FXGT.com, both platforms stand out for their ability to offer forex trading through CFDs or spot contracts. Markets.com provides access to a significantly larger selection of tradeable symbols, boasting a total of 2179 compared to FXGT.com's 117. In the realm of forex trading, Markets.com offers slightly more variety with 57 currency pairs while FXGT.com offers 53 pairs. Both brokers do not allow trading of exchange-traded securities on U.S. or international exchanges, meaning direct share purchases like Apple or Vodafone aren't possible. However, they both facilitate copy trading, allowing users to mimic the trades of successful investors.
Neither Markets.com nor FXGT.com provides the option to buy actual cryptocurrencies, but both do offer cryptocurrency derivatives. Markets.com's range of investments has been rated 4 out of 5 stars, ranking it 29th out of 62 brokers according to ForexBrokers.com. FXGT.com, while offering useful features, holds a lower rating of 3 stars, placing it at rank 60 in the same evaluation. Overall, Markets.com appears to deliver a broader spectrum of investment opportunities compared to FXGT.com, making it a more versatile choice for investors seeking diversity.
| Feature |
Markets.com
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2179 | 117 |
| Forex Pairs (Total) | 57 | 53 |
| 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 FXGT.com both offer simulated trading experiences with free virtual demo accounts, allowing users to practice trading strategies without risking real money. Markets.com has developed its own proprietary platform in-house, whereas FXGT.com does not, though both brokers provide access to the popular MetaTrader 4 and MetaTrader 5 platforms. While both offer windows-based desktop and web-based trading platforms, FXGT.com stands out by permitting direct trading from stock charts, an option not available at Markets.com. Additionally, FXGT.com provides 23 drawing tools compared to Markets.com's 4, but Markets.com offers a broader watch list with 6 columns, while FXGT.com offers 5. Both brokers support copy trading yet don't provide DupliTrade or ZuluTrade.
In terms of ratings, both Markets.com and FXGT.com receive 4 stars for their trading platforms and tools. However, Markets.com is ranked higher, placed at #26 out of 62 brokers by ForexBrokers.com compared to FXGT.com's #56. This ranking reflects a greater recognition of platforms and tools offered by Markets.com. Although both brokers have strong offerings, Markets.com's proprietary platform and higher industry ranking might attract traders looking for a more customized trading experience, while FXGT.com's extensive charting tools and capability to trade directly from charts provide significant advantages for chart-based traders.
| Feature |
Markets.com
|
FXGT.com
|
|---|---|---|
| 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 | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 89 | 37 |
| Charting - Drawing Tools (Total) | 4 | 23 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Markets.com and FXGT.com cater to iPhone and Android users, offering easy access to trading on the go. Each platform provides stock and forex price alerts, alongside watchlist symbol syncing, which ensures that any changes made on the mobile app are perfectly mirrored on the online account. However, when it comes to technical studies available on their mobile apps, Markets.com falls short, as it only provides the default studies on its MT4 platform, while FXGT.com provides a satisfying 30 technical studies. Although both allow users to draw trendlines on charts, FXGT.com takes the lead with the ability to view multiple time frames for charts and auto-save drawn charting, features not supported by Markets.com.
Creating a watchlist with real-time quotes is a seamless experience on both platforms. However, Markets.com edges ahead with a four-star rating for its mobile trading apps, compared to FXGT.com's 3.5-star rating. In rankings, Markets.com is placed 33rd out of 62 brokers as per ForexBrokers.com, making it a more popular choice for mobile trading, whereas FXGT.com sits lower at 58th in the same category. For traders looking for a more comprehensive mobile trading experience, the ability to customize chart views and auto-saving chart drawings offered by FXGT.com might be appealing, although Markets.com is favored overall for mobile trading according to user ratings and industry rankings.
| Feature |
Markets.com
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| 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 comparing Markets.com and FXGT.com in terms of market research offerings, several key differences stand out. Markets.com provides traders with daily market commentary, giving them timely insights to help make informed decisions. In contrast, FXGT.com does not offer this feature. Furthermore, Markets.com sources forex news from notable agencies such as Bloomberg and Reuters, ensuring high-quality information, whereas FXGT.com lacks such access. Both brokers do not use advanced technical analysis tools from providers like Autochartist or Trading Central, nor do they incorporate market research from TipRanks or Acuity Trading. However, they both include sentiment-based trading tools, which display the ratio of long or short positions to offer traders useful market sentiment insights.
In terms of additional research resources, both brokers provide an economic calendar that covers global news events. When it comes to overall research ratings, Markets.com excels with a 4-star rating, leading FXGT.com's 3-star rating. This difference is further highlighted by their rankings in the Research category from ForexBrokers.com, where Markets.com is positioned at 17 out of 62 brokers, while FXGT.com lags significantly behind at rank 56. This comparison clearly illustrates that Markets.com provides a more comprehensive suite of market research tools and resources compared to FXGT.com, making it a preferable choice for those seeking enhanced market insights.
| Feature |
Markets.com
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| 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 it comes to educational resources for beginners, Markets.com and FXGT.com have distinctly different offerings. Markets.com stands out by providing a variety of webinars and educational videos geared toward both beginners and experienced traders. They host live webinars each month to help clients enhance their skills, making them a useful resource for those seeking interactive learning opportunities. On top of that, Markets.com offers a wide selection of beginner and advanced educational videos, which can be a great tool for those who prefer self-paced learning. However, they lack a searchable archive of past webinars and do not provide a comprehensive investor dictionary.
On the other hand, FXGT.com does not offer the same breadth of educational content. The platform does not provide monthly webinars or an extensive library of educational videos for beginners. However, FXGT.com offers an investor dictionary with over 50 trading terms, which can be a helpful resource for those new to the trading world. Although both platforms have room for improvement, Markets.com is rated higher by users, receiving 4 out of 5 stars for education compared to FXGT.com's 3 stars. According to ForexBrokers.com rankings, Markets.com ranks significantly higher at 34th out of 62 brokers for educational resources, while FXGT.com is positioned much lower at 59th. These rankings reflect how each broker prioritizes educational support for its users.
| Feature |
Markets.com
|
FXGT.com
|
|---|---|---|
| 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 | Yes |
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 FXGT.com. Markets.com finished with an overall rank of #23, while FXGT.com finished with an overall rank of #58.
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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FXGT.com
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|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 69 |
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Both Markets.com and FXGT.com allow investors to trade cryptocurrency derivatives without providing the option to purchase actual, delivered cryptocurrencies.
When comparing online brokers Markets.com and FXGT.com, it's important to note that while both platforms support Visa, Mastercard, and bank wire transactions, only FXGT.com offers ACH or SEPA transfers, Markets.com exclusively supports Skrill, and neither provides PayPal as an option for depositing or withdrawing funds.
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 | FXGT.com | |
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| Trust Score | 93 | 69 | |
| Winner | check_circle | ||
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| Broker Screenshots | Markets.com | FXGT.com | |
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| Regulation | Markets.com | FXGT.com | |
|---|---|---|---|
| Trust Score | 93 | 69 | |
| Year Founded | 1999 | 2019 | |
| 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 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | Markets.com | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Markets.com | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2179 | 117 | |
| Forex Pairs (Total) | 57 | 53 | |
| 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 | FXGT.com | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Markets.com | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $100 | $5 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Markets.com | FXGT.com | |
|---|---|---|---|
| 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 | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Markets.com | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | 6 | 5 | |
| Charting - Indicators / Studies (Total) | 89 | 37 | |
| Charting - Drawing Tools (Total) | 4 | 23 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Markets.com | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| 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 | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Markets.com | FXGT.com | |
|---|---|---|---|
| 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 | Yes |
| Major Forex Pairs | Markets.com | FXGT.com | |
|---|---|---|---|
| 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 |
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| Trust Score | 93 | 69 | |
| Winner | check_circle | ||
| Review |
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