Markets.com Alternatives

The best alternatives to Markets.com are

1. FXTM - Global CFD and forex broker
2. FP Markets - Australian CFD and forex broker
3. XTB - Global CFD broker
4. Capital.com - Global CFD broker

Let's see in a bit more detail how the Markets.com alternatives compare to Markets.com and each other:

Why are these brokers considered good alternatives to Markets.com? There are many areas based on which Markets.com can be compared with others. When we say a given online broker is a good alternative to Markets.com we mean these brokers are comparable in the following areas:

• The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
• The type of clients they target, i.e. beginners, experienced investors, or day traders.

Not sure which broker to choose? For a tailored recommendation, check out our broker finder tool. Answer 4 simple questions and get a list of the most relevant brokers.

Markets.com alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

• Markets.com is recommended for traders looking to venture into cfd trading
• FXTM is recommended for forex traders familiar with the metatrader platform
• FP Markets is recommended for forex and cfd traders familiar with the metatrader and iress trading platforms
• XTB is recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service
• Capital.com is recommended for investors and cfd traders looking for a great trading platform and excellent customer service

Important factors of finding Markets.com alternatives

So far BrokerChooser has reviewed 101 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

• open a live account
• check over 100 criteria, with weighting based on readers' preferences
• refresh data regularly

Whether Markets.com or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. The amounts Markets.com charges you are considered average. When picking an alternative, you could prioritize brokers that are cheaper than Markets.com.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At Markets.com this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at Markets.com, this might not be the case at its alternatives.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Markets.com alternative is a must.

Now let's dive into the details of how Markets.com and its alternatives perform in the most important areas!

Disclaimer:  from March 2021, FXTM ends retail operations in the EEA, under CySEC regulation. Only professional clients will be able to use FXTM's services in this region.

FXTM or ForexTime was founded in 2011 and is a global CFD and FX broker. It is regulated by several financial authorities, including the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).

FXTM is considered safe because it is regulated by the top-tier FCA.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders familiar with the metatrader platform

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80% of retail CFD accounts lose money

Fees

3.5

FXTM's trading fees are low for forex, but average for CFDs. There is also a withdrawal fee.

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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80% of retail CFD accounts lose money

Account opening

5.0

FXTM account opening is fully digital, easy and fast. Your account will be ready within 1-2 business days. There are also a lot of account types you can choose from.

If you are interested more in FXTM minimum deposit, this overview will help you.

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80% of retail CFD accounts lose money

Deposit and withdrawal

4.1

FXTM offers a great variety of deposit and withdrawal options. Almost everything is available, including credit cards, bank transfer and electronic wallets. The main disadvantage is that FXTM charges a fee for most withdrawal types.

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80% of retail CFD accounts lose money

Web trading platform

2.8

The web trading platform of FXTM is provided by MetaTrader. It is highly customizable, available in a lot of languages, and has a clear fee report. On the other hand, it lacks a two-step login and price alerts, and the design is outdated.

Learn more about FXTM's web trading platform in the detailed FXTM review.

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80% of retail CFD accounts lose money

Markets and products

2.7

FXTM's product selection covers forex and CFDs. Non-EU clients can also trade with real stocks. On the negative side, it lacks ETFs, mutual funds, bonds, options, and futures.

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80% of retail CFD accounts lose money

Verdict

FXTM is regulated by several financial authorities globally, including the top-tier Financial Conduct Authority (FCA).

On the plus side, customer support gives fast and relevant answers. There are several educational tools, including demo accounts and webinars. The account opening is fully digital and fast.

FXTM has some drawbacks though: it charges high CFD fees, inactivity, and withdrawal fees, and the product range is limited.

As account opening only takes a short time, and customer support is helpful and reliable, feel free to try FXTM.

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80% of retail CFD accounts lose money

FP Markets is an Australian CFD and forex broker founded in 2005. It is regulated by the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority of St. Vincent and the Grenadines.

FP Markets is considered safe because it has a long track record and is regulated by the top-tier ASIC.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.31% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders familiar with the metatrader and iress trading platforms

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75.31% of retail CFD accounts lose money

Fees

3.9

FP Markets has low forex and non-trading fees and charges no inactivity fee. On the flip side, there is a high fee for international bank withdrawals.

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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75.31% of retail CFD accounts lose money

Account opening

5.0

Opening an account at FP Markets is super quick and fully digital. The minimum deposit for forex trading is not excessive, but some account types require at least a AUD 1,000 balance.

If you are interested more in FP Markets minimum deposit, this overview will help you.

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75.31% of retail CFD accounts lose money

Deposit and withdrawal

4.7

FP Markets offers a wide range of deposit and withdrawal options, but some withdrawal methods come with a fee.

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75.31% of retail CFD accounts lose money

Web trading platform

2.8

FP Markets's web trading platform is provided by MetaTrader. It's multilingual and highly customizable, but it lacks a two-step login and price alerts, and the design is outdated.

Learn more about FP Markets's web trading platform in the detailed FP Markets review.

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75.31% of retail CFD accounts lose money

Markets and products

2.4

FP Markets offers a great portfolio of CFDs, forex and cryptos. You can trade Australian real stocks, too. Other stocks, ETFs, mutual funds, bonds, options or futures are missing, though.

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75.31% of retail CFD accounts lose money

Verdict

FP Markets is a great CFD and forex broker regulated by the top-tier Australian Securities and Investments Commission (ASIC). It offers low forex fees and does not charge an inactivity fee. Both account opening and depositing are fast, and you'll find high-quality educational tools.

On the downside, the product portfolio is limited, as it covers only CFDs (equities, indices, metals) and forex instruments. The MT4 web and desktop trading platforms have outdated designs. Research tools at FP Markets, while impressive in some respects, could still use some additional features.

Feel free to try FP Markets as the account opening is easy and there are no inactivity fees.

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75.31% of retail CFD accounts lose money

XTB is a global CFD broker with headquarters in London and Warsaw, founded in 2002. The company is regulated by several financial authorities worldwide, including the top-tier UK Financial Conduct Authority (FCA). In addition, XTB is listed on the Warsaw Stock Exchange, and as such is required to regularly disclose its financials.

XTB is considered safe because it has a long track record, is listed on a stock exchange and publishes its financial statements transparently.

HEADS UP: Recent feedback about deposit and withdrawal – The details of depositing by wire transfer might be unclear for some of our users according to recent feedback we received. If you have problems, head to the 'Deposit and withdrawal' section of the review, where we explain how to make a free wire deposit to your XTB account under the section's 'Deposit and fees and options' heading.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service

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76% of retail CFD accounts lose money

Fees

4.4

Forex fees are low, in many cases there's no withdrawal fee, and some clients are eligible for free stock and ETF trading. However, there's an inactivity fee.

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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76% of retail CFD accounts lose money

Account opening

5.0

XTB's account opening process is hassle-free, straightforward and fully digital. Your account will be ready for trading on the same day. Continue writing here to see when it goes over t

If you are interested more in XTB minimum deposit, this overview will help you.

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76% of retail CFD accounts lose money

Deposit and withdrawal

4.5

XTB deposits and withdrawals are fast, mostly free and can be done via several channels.

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76% of retail CFD accounts lose money

Web trading platform

4.4

XTB's xStation 5 platform is user-friendly, customizable and has a good search function. On the other hand, two-step login is not available.

Learn more about XTB's web trading platform in the detailed XTB review.

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76% of retail CFD accounts lose money

Markets and products

2.9

XTB's default selection includes only CFDs. Some European clients can also trade real stocks and ETFs. Popular assets like bonds, mutual funds, options or futures are not available.

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76% of retail CFD accounts lose money

Verdict

XTB is a great CFD broker. It is regulated by several financial authorities globally, including the UK's FCA. The company is listed on the Warsaw Stock Exchange.

On the plus side, XTB's forex CFD fees are low, while many European clients can enjoy commission-free stock and ETF trading up to a €100,000 monthly trade volume. We also liked that the deposit and withdrawal process is fast and mostly free. The account opening process is seamless, hassle-free and quick.

XTB has some drawbacks, though. The product range is mainly limited to CFDs, although real stock and ETF trading is available in some European countries. Fundamental data offered by XTB covers only a few basics such as P/E. Lastly, there is an inactivity fee charged.

We recommend XTB for clients who prefer forex or CFD trading and also want to enjoy great deposit and withdrawal options along with fast account opening. Feel free to test it using a demo account.

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76% of retail CFD accounts lose money

Capital.com is a global CFD broker founded in 2016. It has offices located in the United Kingdom, Cyprus, Australia, Seychelles and Gibraltar where each is authorized and regulated locally respectively by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the Financial Services Authority of Seychelles (FSA).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83.45% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for investors and cfd traders looking for a great trading platform and excellent customer service

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83.45% of retail CFD accounts lose money

Fees

4.4

Forex CFD fees are low and some clients can trade real stocks for free, but stock index CFD fees (spreads plus overnight fees) are high. As a plus, there are no inactivity or withdrawal fees.

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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83.45% of retail CFD accounts lose money

Account opening

5.0

Capital.com has one of the best account opening processes we've ever encountered: it is simple, quick, well-designed and intuitive. We are impressed.

If you are interested more in Capital.com minimum deposit, this overview will help you.

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83.45% of retail CFD accounts lose money

Deposit and withdrawal

4.5

Deposits and withdrawals are free at Capital.com and many options are provided, including Apple Pay or PayPal. However, only four major currencies (USD, GBP, EUR, AUD) and one smaller (PLN) are available.

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83.45% of retail CFD accounts lose money

Web trading platform

3.9

Capital.com has an easy-to-use and well-designed web trading platform, with clear fee reports and a two-step login. However, the platform has limited customizability and lacks price alerts.

Learn more about Capital.com's web trading platform in the detailed Capital.com review.

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83.45% of retail CFD accounts lose money

Markets and products

3.1

Capital.com has an impressive selection of CFD products compared to other CFD brokers. However, it lacks popular asset types like exchange-listed futures and there is only a few real ETFs available.

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83.45% of retail CFD accounts lose money

Verdict

Capital.com is a great CFD broker and has entities regulated by top-tier authorities such as the UK's FCA and ASIC in Australia.

On the plus side, forex CFD fees are low, the account opening is very user-friendly, and customer support is exceptional.

Among drawbacks, stock index CFD fees are high, Capital.com offers only CFDs (equity, index, crypto - the latter not available to UK clients -, commodity, forex) and real stocks as tradable products. Only major currencies are supported as account base currencies and price alerts are not available on the web platform.

As there is no inactivity fee and the account opening is fast, feel free to try Capital.com.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.17% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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83.45% of retail CFD accounts lose money

Markets.com is a global CFD and forex broker founded in 2008. It is regulated by several financial authorities including the Cyprus Securities and Exchange Commission (CySEC) and the UK's Financial Conduct Authority (FCA).

Markets.com offers services and platforms under two brands. The Marketsi platform is for share trading and investing, while Marketsx is the platform used for CFD trading. In this review, we focus on Markets.com's flagship CFD trading services, using the Marketsx platform.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for traders looking to venture into cfd trading

Fees

2.7

Markets.com charges no account, deposit or withdrawal fees. However, the positives end there as it has high forex fees, rather average CFD fees, and also charges an inactivity fee.

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stock and $20k for FX

Account opening

5.0

Account opening at Markets.com is seamless, fast and fully digital. You can open your trading account within a day.

Learn more about Markets.com minimum deposit here.

Deposit and withdrawal

5.0

Markets.com provides multiple deposit and withdrawal options free of charge on a user-friendly interface.

Web trading platform

3.8

Markets.com's web trading platform is easy to use, offering great search functions and price alerts. Still, it lacks some important features such as two-step login or a fee report.

Learn more about Markets.com's web trading platform in the detailed Markets.com review.

Markets and products

2.9

Markets.com's product portfolio covers CFDs, forex and real stocks. However, some other popular asset classes such as ETFs, options or futures are not available.

Verdict

Markets.com is a CFD broker regulated by several authorities globally, including the top-tier FCA in the UK and ASIC in Australia.

Account opening at Markets.com is seamless and fast; it has good research tools and great customer service; and it is regulated by multiple top-tier financial authorities.

On the negative side, forex trading fees are high, and product selection mostly covers only CFDs and forex. We also missed some important features on the trading platforms, such as two-step authentication, or price alerts on the web platform.

All in all, Markets.com may be a good choice for CFD and forex traders. As the account opening is super easy, feel free to try it.

Based on our analysis, there are several good alternatives to Markets.com. They all offer similar products and target similar customers. Here's a recap of the results in a table.

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.