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eToro vs Markets.com 2023

BrokerNotes.co

Written by BrokerNotes.co

January 31, 2023

Trying to decide between eToro and Markets.com? Weโ€™ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, eToro ranks more highly than Markets.com.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% 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.
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Overall RatingeToroMarkets.com
Overall Rating 8.8 / 10 8.2 / 10
Account TypeeToroMarkets.com
Standard Trade Size (100,000 units) Yes Yes
Mini Trade Size (10,000 units) Yes Yes
Micro Trade Size (1,000 units) Yes Yes
Islamic Account No No
Copy TradingeToroMarkets.com
Social Trading / Copy Trading Yes Yes
DupliTrade No No
ZuluTrade No No
CryptocurrencyeToroMarkets.com
Cryptocurrency (Physical) Yes No
Cryptocurrency (CFD) Yes Yes
Bitcoin Yes Yes
ethereum Yes Yes
Forex Trading (Spot or CFDs)eToroMarkets.com
Forex Trading (Spot or CFDs) Yes Yes
Mobile Trading - Forex or CFDs Yes No
Indices (Index CFDs)eToroMarkets.com
DAX Yes Yes
Dow Jones Yes Yes
FTSE Yes Yes
NASDAQ 100 Yes Yes
Nikkei Yes Yes
SP 500 Yes Yes
InvestmentseToroMarkets.com
Forex Trading (Spot or CFDs) Yes Yes
Spread Betting No No
Social Trading / Copy Trading Yes Yes
Metals Yes Yes
Energies Yes Yes
Agriculturals Yes Yes
ETF Yes Yes
U.S. Stocks (CFD) Yes Yes
Trading PlatformseToroMarkets.com
Apple iOS App Yes Yes
Android App Yes Yes
Proprietary Platform Yes Yes
Desktop Platform (Windows) No Yes
Web Platform Yes Yes
MetaTrader 4 (MT4) No Yes
MetaTrader 5 (MT5) No Yes
Regulatory LicenseseToroMarkets.com
Tier-1 Licenses 2 2
ASIC Authorised (Australia) Yes Yes
IIROC Authorised (Canada) No No
FCA Authorised (U.K.) Yes No
SFC Authorised (Hong Kong) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
CFTC Registered (USA) No No
Tier-2 Licenses 1 2
Tier-3 Licenses 0 1
Research, EducationeToroMarkets.com
Trading Central (Recognia) Yes No
Forex News (Top-Tier Sources) No Yes
Daily Market Commentary Yes Yes
Autochartist No No
Investor Dictionary (Glossary) Yes No
Videos - Beginner Trading Videos Yes Yes
Client Webinars (Archived) Yes No
Trading CostseToroMarkets.com
Minimum Initial Deposit $10-$10,000 $100
Average Spread EUR/USD - Standard 1 (August 2021) 1.9 (as of Oct 2019)
All-in Cost EUR/USD - Active N/A 1.9 (as of May 2019)
Active Trader or VIP Discounts Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
PayPal (Deposit/Withdraw) Yes No
Trading ToolseToroMarkets.com
Watchlists - Total Fields 6 6
Mobile Watchlist Yes Yes
Charting - Indicators / Studies (Total) 66 89
Mobile Charting - Indicators / Studies 5 (default on MT4, none on Markets app)
Trust FactorseToroMarkets.com
Year Founded 2007 1999
Publicly Traded (Listed) No Yes
Bank No No
Authorised in European Union Yes info Yes info
Trust Score 93 98
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eToro vs Markets.com Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare eToro vs Markets.com.

Can I trust eToro?

eToro has a trust score of 93, giving it a "Highly Trusted" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are โ€“ in most cases โ€“ operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a โ€œDo Not Trustโ€ rating.

Can I trust Markets.com?

Markets.com has a trust score of 98, giving it a "Highly Trusted" trust label.

Is eToro a good broker?

Best known for its versatile social copy trading platform suite for web and mobile, eToro also offers a large selection of cryptocurrency products, as well as CFDs, shares, forex pairs, and a wide range of powerful trading tools. While not a discount broker, eToro delivers more benefits than its competitors in the same price range.

Is Markets.com a good broker?

Markets.com may be an expensive option, but its trading platforms are easy to use, and traders gain access to a wide range of forex and CFD symbols.

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. eToro is ASIC Authorised (Australia) and FCA Authorised (U.K.), while Markets.com is ASIC Authorised (Australia)., neither have IIROC Authorised (Canada), SFC Authorised (Hong Kong), CBI Authorised (Ireland), FSA Authorised (Japan), MAS Authorised (Singapore), FMA Authorised (New Zealand), FINMA Authorised (Switzerland) and CFTC Registered (USA)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, eToro is CySEC Authorised (Cyprus), while Markets.com is CySEC Authorised (Cyprus) and FSCA Authorised (South Africa)., neither have CBRC Authorised (China), SEBI Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses eToro is none, while Markets.com is FSC Authorised (British Virgin Islands)., neither have SCB Authorised (Bahamas), IFSC Authorised (Belize), BMA Authorised (Bermuda), CIMA Authorised (Cayman Islands), FSC Authorised (Mauritius) and VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

For trading platforms eToro supports a Proprietary Platform, whereas Markets.com supports a Proprietary Platform and Desktop Platform (Windows)., neither have cTrader, DupliTrade and ZuluTrade

Does eToro offer MetaTrader? Does Markets.com offer MetaTrader?

For MetaTrader eToro provides neither of these, while Markets.com provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

How do eToro and Markets.com differ in terms of minimum deposit? What about average spreads and funding options?

eToro requires a minimum deposit of $10-$10,000, while Markets.com requires a minimum deposit of $100. From our testing we found eToro offers spreads of 1 (August 2021), while Markets.com offers spreads of 1.9 (as of Oct 2019). eToro supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for popular funding options, where Markets.com supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw).

Which brokers offers more tradeable asset classes, eToro or Markets.com?

Both eToro and Markets.com allow you to trade Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD)., neither have Spread Betting Looking at total tradeable symbols, eToro has 3458, compared to 2179 from Markets.com.

Can I trade cryptocurrency with eToro or Markets.com?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative โ€” including spot forex contracts. In terms of trading physical cryptocurrency neither eToro nor Markets.com allow you to trade physical cryptocurrencies.

Who offers more research tools, eToro or Markets.com?

In terms of research and research tools eToro gives traders the following tools: Daily Market Commentary, Stock Charts, Trading Central (Recognia) and Social Trading / Copy Trading. In comparison Markets.com has the tools listed here: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading., neither have Autochartist

Broker Reviews

Still looking for more information, read our broker reviews.

eToro Review

Markets.com Review

Overall winner: eToro

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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