FXCM vs Markets.com (2026): regulation, platforms and costs compared

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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan

FXCM

Trust rank #9 · Founded 1999

FXCM is a well-regarded forex broker that provides access to currency pairs on proprietary and third-party trading platforms, with market research, education, and risk management tools. It operates through regulated entities.

Read the FXCM review

Markets.com

Trust rank #18 · Founded 2008

Markets.com is a well‐regarded forex and CFD broker offering broad access to currency pairs and multi‐asset CFDs on intuitive web and mobile platforms. It provides built‐in research, education, and risk management tools…

Read the Markets.com review

FXCM (United Kingdom, founded 1999) holds 4 regulatory licences (ASIC, CySEC, FCA, FSCA), 2 of them tier-1, offers MT4, Proprietary, TradingView and sits in our low-fee bracket. Markets.com (Cyprus, founded 2008) holds 5 regulatory licences (ASIC, BVI FSC, CySEC, FCA, FSCA), 2 of them tier-1, offers MT4, MT5, Proprietary and sits in our low-fee bracket. The two overlap in 174 countries; FXCM is available in 52 countries where Markets.com is not, and Markets.com in 1 where FXCM is not.

Verdict at a glance

  • FXCM leads on trust rank, track record and country coverage.
  • Markets.com leads on regulatory coverage and instrument range.
  • Level on platform choice, fee level and tier-1 licences.

Scored on 8 measurable dimensions where both brokers have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.

FXCM vs Markets.com: side-by-side data

CriteriaFXCMMarkets.com
Trust rank#9#18
Founded19992008
HeadquartersUnited KingdomCyprus
RegulatorsASIC, CySEC, FCA, FSCAASIC, BVI FSC, CySEC, FCA, FSCA
Broker typeSTPMarket Maker
PlatformsMT4, Proprietary, TradingViewMT4, MT5, Proprietary
InstrumentsCommodities, Cryptocurrencies, Forex, IndicesCommodities, Cryptocurrencies, Forex, Indices, Metals
Countries accepted226 countries175 countries
Fee levelLowLow
Trading typesCFD Trading, Spot TradingCFD Trading
Best-for use casesProfessional Trading, Retail TradingRetail Trading

Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that broker — we never fill gaps with estimates.

Pros

FXCM

  • FCA- and ASIC-regulated; segregated client funds
  • NDD/STP agency execution; deep liquidity
  • Trading Station and MT4; advanced charting and order types
  • REST/FIX APIs and Python SDK; VPS support for algos
  • Broad instrument range: FX, indices, commodities, crypto CFDs

Markets.com

  • Multi-jurisdiction tier-1 regulation (FCA/ASIC) + segregated client funds
  • MT4/MT5 and proprietary platforms with advanced analytics
  • 2,000+ instruments including 50+ forex pairs
  • Integrated research, sentiment, and economic calendar tools
  • Negative balance protection for retail clients

Cons

FXCM

  • Not available to U.S. clients
  • Inactivity fee
  • Limited product range
  • Best pricing requires high balance/volume
  • Offshore unregulated entity exposure

Markets.com

  • No raw/commission pricing; wider spreads
  • Not available to U.S. clients
  • Protections vary by entity; weaker safeguards offshore
  • No cTrader or DMA/ECN access
  • Currency conversion fees apply

Key features

FXCM

  • STP No Dealing Desk Forex Execution
  • Multi Asset Forex and CFD Trading
  • Trading Station MetaTrader 4 NinjaTrader and TradingView Integration
  • REST and FIX API and VPS for Algorithmic Trading
  • FCA ASIC and FSCA Regulation with Segregated Funds and Negative Balance Protection
  • Active Trader Account with Volume Based Pricing

Markets.com

  • Multi jurisdiction regulation and client fund segregation
  • Forex and CFD trading across major asset classes
  • Proprietary web and mobile platforms with MT4 and MT5
  • Advanced research sentiment and event tools
  • Negative balance protection and risk management
  • Spread betting for UK clients

Country availability: FXCM vs Markets.com

Available at both (174): Afghanistan, Albania, Algeria, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Aruba, Austria, Bahamas, Bahrain, Barbados, Benin, Bermuda, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Brazil, Bulgaria, Burkina Faso, Burundi, Cabo Verde, Cameroon, Cayman Islands, Central African Republic, Chad, Chile, Christmas Island, Cocos (Keeling) Islands, Colombia, Comoros, Congo, Costa Rica, Croatia, Curaçao, Cyprus, Czechia, Côte d'Ivoire and 134 more.

Only FXCM (52): American Samoa, Armenia, Australia, Azerbaijan, Bangladesh, Belize, Bhutan, Brunei, Cambodia, China, Cook Islands, Guam, Haiti, Kazakhstan, Kenya, Kyrgyzstan, Laos, Libya, Macao, Maldives, Mali, Micronesia, Mongolia, Montserrat, Nauru and 27 more.

Only Markets.com (1): India.

Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.

FXCM vs Markets.com: common questions

Which broker is more regulated, FXCM or Markets.com?

Markets.com holds more regulatory licences: FXCM (ASIC, CySEC, FCA, FSCA) versus Markets.com (ASIC, BVI FSC, CySEC, FCA, FSCA). Tier-1 licences: FXCM 2, Markets.com 2.

Which trading platforms do FXCM and Markets.com offer?

FXCM offers MT4, Proprietary, TradingView; Markets.com offers MT4, MT5, Proprietary.

Which has lower fees, FXCM or Markets.com?

Both sit in the same fee bracket (low) in our catalogue; compare the spreads and commission rows above for detail.

Which is older, FXCM or Markets.com?

FXCM is the older of the two, founded in 1999; Markets.com was founded in 2008.

Are FXCM and Markets.com available in the same countries?

They overlap in 174 countries. FXCM is additionally available in 52 countries (American Samoa, Armenia, Australia, Azerbaijan, Bangladesh, Belize and 46 more) and Markets.com in 1 countries (India).

Keep comparing

FXCM

Markets.com

Risk warning: CFDs and forex are complex, leveraged instruments and carry a high risk of losing money rapidly. A majority of retail investor accounts lose money when trading CFDs. Nothing on this page is financial advice; verify licence status on the regulator's register before depositing. Full risk disclosure.