Markets.com
FXGT
Markets.com vs FXGT
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
Markets.com and FXGT are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. Markets.com, founded in 2008 and headquartered in Limassol, Cyprus, is regulated by CySEC, FCA, FSCA and offers spreads starting from 0.6 pips with a minimum deposit of $100. FXGT, established in 2019 in Limassol, Cyprus, holds licenses from CySEC, FSA with spreads from 0.0 pips and a $5 minimum deposit. In our hands-on testing across 8 scoring categories, Markets.com scored 7.8/10 overall compared to FXGT's 7.2/10, making it the stronger pick for most traders. That said, FXGT holds its own with lower trading costs and smoother deposits & withdrawals, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
Markets.com scores 7.8/10 overall vs 7.2/10 for FXGT — a 0.6-point difference.
- 💵
FXGT requires just $5 to start, while Markets.com needs $100 — FXGT is 20x more accessible.
- 📈
Markets.com offers 2,500+ instruments vs 400+ at FXGT — a massive gap in market coverage.
- 🖥️
Markets.com runs on Markets.com Platform, MT4, MT5, while FXGT uses MT5 — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Regulation & Trust: Markets.com scores 9.0 vs 7.5 for FXGT — a 1.5-point difference.
Our Verdict
Markets.com
Score: 7.8/10 · Wins 5 categories- You're a beginner who values learning resources
- You need advanced trading platforms and tools
- Top-tier regulation and fund safety are your priority
- You want access to a wider range of instruments
FXGT
Score: 7.2/10 · Wins 2 categories- You want lower spreads and trading fees
- Fast and flexible deposits & withdrawals are important
- You prefer a low minimum deposit ($5)
Markets.com takes the lead with an overall score of 7.8/10 compared to 7.2/10, winning in 5 out of 8 scoring categories. Markets.com stands out for better trading platforms and stronger regulation, while FXGT fights back with lower trading costs and smoother deposits & withdrawals.
Detailed Verdict
After testing both brokers with real accounts, Markets.com comes out ahead with a 7.8/10 overall rating, winning 5 out of 8 categories. Its strongest area is Regulation & Trust where it scores 9.0/10. Markets.com holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. FXGT is not without merit — it scores 7.2/10 overall and excels in Deposit & Withdrawal (8.0/10), winning 2 categories. Traders who value lower trading costs or smoother deposits & withdrawals may find FXGT the better fit. For a complete breakdown, read our full Markets.com review and FXGT review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
FXGT wins by 0.5 points
Markets.com wins by 1.0 points
Markets.com wins by 1.5 points
Markets.com wins by 1.0 points
Markets.com wins by 1.5 points
FXGT wins by 0.5 points
Markets.com wins by 1.5 points
Full Feature Comparison
| Feature | ||
|---|---|---|
| Overall Score | 7.8/10 ✓ | 7.2/10 |
| Min Deposit Lower is better | $100 | $5 ✓ |
| Max Leverage | 1:300 | 1:1000 |
| Spreads From | 0.6 pips | 0.0 pips |
| Platforms | Markets.com Platform, MT4, MT5 | MT5 |
| Regulation | CySEC, FCA, FSCA | CySEC, FSA |
| Founded Older track record highlighted | 2008 ✓ | 2019 |
| Markets | 2,500+ ✓ | 400+ |
Fees & Costs
When it comes to trading costs, FXGT has the edge with a score of 7.5/10 versus 7/10 for Markets.com. Markets.com offers spreads starting from 0.6 pips, while FXGT starts from 0.0 pips. The minimum deposit at Markets.com is $100, compared to $5 at FXGT. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
Markets.com scores 8/10 for platforms compared to 7/10 for FXGT. Markets.com provides Markets.com Platform, MT4, MT5, while FXGT offers MT5. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. Markets.com is regulated by CySEC, FCA, FSCA (Tier 1), while FXGT holds licenses from CySEC, FSA (Tier 1). Markets.com scores 9/10 and FXGT scores 7.5/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, Markets.com leads with 7.5/10 compared to 6.5/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. Markets.com and FXGT both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
Markets.com offers 24/5 Live Chat, Email, Phone and scores 7.5/10, while FXGT provides 24/7 Live Chat, Email with a score of 7.5/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
Markets.com scores 7.5/10 for deposits and withdrawals, while FXGT scores 8/10. Markets.com accepts Bank Transfer, Credit Card, Skrill, Neteller, PayPal, and FXGT supports Bank Transfer, Credit Card, Skrill, Neteller, Crypto. Processing times, fees, and available currencies vary. Markets.com requires a minimum deposit of $100 versus $5 for FXGT. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose Markets.com if you...
- You're a beginner who values learning resources
- You need advanced trading platforms and tools
- Top-tier regulation and fund safety are your priority
- You want access to a wider range of instruments
Choose FXGT if you...
- You want lower spreads and trading fees
- Fast and flexible deposits & withdrawals are important
- You prefer a low minimum deposit ($5)
🗳️ Which Broker Do You Prefer?
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Frequently Asked Questions
Is Markets.com better than FXGT?
Markets.com scores higher overall (7.8/10 vs 7.2/10), winning 5 of 8 categories. However, FXGT is stronger in lower trading costs and smoother deposits & withdrawals. The best choice depends on what matters most to your trading style.
Which has lower fees, Markets.com or FXGT?
FXGT scores higher for trading costs. Markets.com offers spreads from 0.6 pips with a $100 minimum deposit, while FXGT starts from 0.0 pips with $5 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is Markets.com safe to trade with?
Markets.com is regulated by CySEC, FCA, FSCA and scores 9/10 for regulation. FXGT is regulated by CySEC, FSA with a score of 7.5/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, Markets.com or FXGT?
Markets.com scores 8/10 for platforms. Markets.com offers Markets.com Platform, MT4, MT5, while FXGT provides MT5. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for Markets.com vs FXGT?
Markets.com requires a minimum deposit of $100, while FXGT requires $5. FXGT has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.