Written by ForexBrokers.com
In this head to head comparison of Markets.com vs iFOREX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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Markets.com and iFOREX are two well-established online brokers with years of experience in the industry, having been founded in 1999 and 1996 respectively. Neither of these brokers is publicly traded or operates as a bank, which are factors some investors consider when assessing a broker's credibility. When it comes to regulatory standing, Markets.com has a stronger position with three Tier-1 licenses recognized as highly trusted plus one Tier-2 license. Meanwhile, iFOREX holds one Tier-1 license with no additional Tier-2 licenses to its name.
In terms of trustworthiness, Markets.com holds a commanding position with a Trust Score of 93 out of 99, placing it in the highly trusted category according to ForexBrokers.com. iFOREX, conversely, holds a Trust Score of 75, which categorizes it as having average risk. These scores and regulatory credentials may influence potential investors looking for reliable options in online trading. As always, investors should conduct thorough research and consider their own needs and preferences when choosing a broker.
| Feature |
Markets.com
|
iFOREX
|
|---|---|---|
| Year Founded | 1999 | 1996 |
| 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 |
When comparing the commissions and fees between online brokers Markets.com and iFOREX, both offer trading services without disclosing average spread data. One might appreciate the straightforward fee structures of these platforms, although specific cost details are less transparent, leaving traders seeking more information.
Markets.com, evaluated with a rating of 3.5 stars for commissions and fees, ranks at #49 out of 62 brokers as per ForexBrokers.com. This suggests that while it offers competitive pricing in certain areas, there may be other platforms with more favorable commission structures.
In comparison, iFOREX scores a slightly lower 3-star rating, standing at #60 in the same evaluation. This position indicates room for improvement in its pricing strategy, which could be a consideration for those looking to optimize their trading costs.
| Feature |
Markets.com
|
iFOREX
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| 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 | 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.
When it comes to the range of investments, both Markets.com and iFOREX cater to forex enthusiasts with offerings of CFD or spot contract forex trading. Markets.com impresses with a wide variety of 2,179 tradeable symbols, providing a comprehensive platform for investors aiming to explore multiple asset classes. Although iFOREX offers fewer symbols, with a total of 750, it compensates by delivering more tradeable forex pairs—88 compared to Markets.com's 57. This diversity in forex pairs might attract traders specifically focused on currency markets.
Neither Markets.com nor iFOREX support purchasing actual securities on U.S. or international exchanges, nor do they offer the capability to buy delivered cryptocurrency. However, both brokers allow the trading of cryptocurrency derivatives, which means investors can take advantage of market movements without owning the actual digital currency. Markets.com holds the edge with a four-star rating for its range of investments, surpassing iFOREX's 3.5 stars, and is ranked 29th compared to iFOREX's 41st out of 62 brokers by ForexBrokers.com. Additionally, Markets.com provides copy trading services, a feature not available with iFOREX, enabling users to replicate the trades of experienced investors to potentially improve results.
| Feature |
Markets.com
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2179 | 750 |
| Forex Pairs (Total) | 57 | 88 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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.
When comparing the trading platforms and tools offered by Markets.com and iFOREX, both brokers provide their own in-house developed platforms, but they diverge in certain features. Markets.com stands out by offering a free virtual demo account, enabling users to practice trading with simulated money. It supports heavy hitters like MetaTrader 4 and MetaTrader 5, providing more advanced tools for seasoned traders. Additionally, Markets.com offers a Windows-based desktop application and web-based platform, catering to those who prefer trading through a browser or installing software on their PC. A noteworthy feature is its support for copy trading, allowing users to mimic successful trades from more experienced traders.
On the other hand, iFOREX lacks a free demo account option for practicing trades and does not support popular platforms like MetaTrader. However, its web-based trading platform is equipped with a more extensive suite of 25 chart drawing tools, compared to just four from Markets.com. For watch lists, iFOREX offers more columns or fields, helping traders customize their monitoring preferences. Notably, iFOREX allows trading directly from a stock chart—a convenience not available with Markets.com. Both brokers achieve a 4-star rating for their trading platforms and tools, yet Markets.com ranks higher, positioned at #26 compared to iFOREX's #54 ranking by ForexBrokers.com.
| Feature |
Markets.com
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 89 | 57 |
| Charting - Drawing Tools (Total) | 4 | 25 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Markets.com and iFOREX both offer handy mobile apps for iPhone and Android users, making trading accessible on the go. Markets.com stands out with its ability to provide alerts for stock or forex prices, while iFOREX lacks this feature. Markets.com also supports synchronization of watchlists between the mobile app and online accounts, a convenience not found in iFOREX. When it comes to charting capabilities, Markets.com and iFOREX both fall short in offering multiple time frame viewing, but Markets.com allows users to draw trendlines, which iFOREX does not.
Markets.com has an edge in creating real-time quote watchlists on its app, something iFOREX doesn't support. Both platforms have chart drawing capabilities that unfortunately don't auto-save. Markets.com and iFOREX share a 4-star rating for their mobile trading apps. However, Markets.com is ranked slightly higher at #33 compared to iFOREX's #55 by ForexBrokers.com, showing that while they have similar user ratings, there's a distinction in their overall rankings among similar platforms.
| Feature |
Markets.com
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | (default on MT4, none on Markets app) | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | No | No |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing Markets.com to iFOREX in terms of market research offerings, both brokers provide daily market commentary and sentiment-based trading tools that display the ratio of long and short positions across various instruments. However, Markets.com holds an edge by providing forex news from top-tier sources, which is not available at iFOREX. Additionally, both platforms feature an economic calendar to track important global news events, catering to traders who value staying updated with market shifts.
While neither Markets.com nor iFOREX offers tools like Autochartist or research from TipRanks and Acuity Trading, iFOREX stands out by offering access to Trading Central's technical analytics. This could attract traders who rely on in-depth technical analysis tools. According to ForexBrokers.com, Markets.com is rated higher with four stars for research, securing the 17th spot out of 62 brokers, whereas iFOREX is rated 3.5 stars and ranks 48th. These rankings highlight Markets.com's stronger research performance compared to iFOREX, indicating it may be more suitable for traders who prioritize comprehensive market insights.
| Feature |
Markets.com
|
iFOREX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | Yes |
| 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 comparing the educational resources available to beginners, Markets.com offers distinct advantages over iFOREX. Markets.com runs monthly online webinars for its clients, allowing beginners to engage live with educational content, a feature not available with iFOREX. Both platforms provide beginner-friendly trading videos, addressing the basic needs of new traders. However, Markets.com goes a step further by offering advanced educational videos catered to more experienced traders, setting it apart as iFOREX does not have equivalent resources.
Despite both platforms lacking an archive for past webinars or an extensive dictionary of investment terms, Markets.com holds a slight edge in educational ratings. It is rated four out of five stars and ranks #34 out of 62 brokers by ForexBrokers.com, whereas iFOREX scores 3.5 stars and ranks #53. These rankings suggest that beginners might find more comprehensive learning opportunities with Markets.com due to its varied video content and monthly live webinars, even though neither broker provides expansive educational libraries or investing dictionaries.
| Feature |
Markets.com
|
iFOREX
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | No |
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 iFOREX. Markets.com finished with an overall rank of #23, while iFOREX finished with an overall rank of #52.
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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iFOREX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 75 |
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Both Markets.com and iFOREX do not allow the purchase of actual (delivered) cryptocurrency, but they both provide options for buying cryptocurrency derivatives.
When comparing online brokers, both Markets.com and iFOREX provide options for depositing and withdrawing funds using Skrill, Visa, Mastercard, and bank wires, but while Markets.com does not support PayPal, iFOREX offers this option, and neither broker supports ACH or SEPA 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 | iFOREX | |
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| Trust Score | 93 | 75 | |
| Winner | check_circle | ||
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| Broker Screenshots | Markets.com | iFOREX | |
|---|---|---|---|
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| Mobile Trading Gallery (click to expand) | |||
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| Regulation | Markets.com | iFOREX | |
|---|---|---|---|
| Trust Score | 93 | 75 | |
| Year Founded | 1999 | 1996 | |
| 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 | iFOREX | |
|---|---|---|---|
| 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 | Yes | |
| 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 | iFOREX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Markets.com | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2179 | 750 | |
| Forex Pairs (Total) | 57 | 88 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| 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 | iFOREX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Markets.com | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | No | No | |
| Watchlists - Total Fields | 6 | 9 | |
| Charting - Indicators / Studies (Total) | 89 | 57 | |
| Charting - Drawing Tools (Total) | 4 | 25 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Markets.com | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | (default on MT4, none on Markets app) | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | No | No | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | No | No |
| Research | Markets.com | iFOREX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Markets.com | iFOREX | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | Markets.com | iFOREX | |
|---|---|---|---|
| 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 |
| Overall | Markets.com | iFOREX | |
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| Trust Score | 93 | 75 | |
| Winner | check_circle | ||
| Review |
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