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<p>Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), and an experienced trader, as well as a financial writer with extensive expertise in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast.</p>
In the fast-paced world of forex trading, choosing the right broker is crucial. markets.com and SquaredFinancial are two popular options, each with unique strengths and weaknesses. This comparison will dive into the key features of both platforms,helping you decide which one best suits your trading style and goals.
The radar chart above illustrates the comparison between markets.com and SquaredFinancial across several key metrics, with the highest possible score being 100 in each category.
At FxScouts, our mission is to assist traders in finding the broker that best suits their needs. Comparing brokers side-by-side is an effective method to achieve this goal. We evaluated markets.com and SquaredFinancial, using our standard criteria: trust and regulation, trading platforms, costs and trading conditions, and educational and market analysis resources.
Trust and regulation are crucial when selecting a Forex broker. A broker’s credibility is largely built on its regulatory status. We spend considerable time verifying the safety of each broker by examining their regulatory licenses. We also consider numerous factors when deciding which tier a regulator belongs to. Regulators that we rank as the world’s top regulators, gets a tier 1 rank, while regulators who only scores a tier 5-rank, provide virtually no regulatory oversight. The more top-tier authorities regulating a broker, the higher its trust rating. Read more about regulation and our tier system here.
In our comparison:
Based on these findings, markets.com earned a higher trust rating than SquaredFinancial.
When comparing brokers, trading costs are a significant factor. We consider the minimum deposit required to open an account and ongoing costs, including spreads and commissions. We measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit, including both the spread and any commission charged.
We found that markets.com has overall lower trading costs than SquaredFinancial.
Trading Platforms Offered Traders prefer brokers that offer a variety of trading platforms. We rate brokers higher if they support multiple platforms like MetaTrader4, MetaTrader5, cTrader, and proprietary platforms.
Copy trading is beneficial for beginner traders or those unable to trade full-time. In this case both markets.com and SquaredFinancial offer copy trading.
A broader range of CFD instruments provides more trading opportunities. markets.com offers a greater variety of instruments compared to SquaredFinancial:
For those interested in trading cryptocurrencies, markets.com offers 43 cryptocurrencies, while SquaredFinancial offers 5 cryptocurrencies. Therefore, markets.com is the better choice for cryptocurrency trading.
Traders prefer brokers with quick and cost-effective deposit and withdrawal processes. We favor brokers that process withdrawals within 24 hours using multiple methods without charging fees.We found that neither markets.com nor SquaredFinancial charges a withdrawal fee. Overall, SquaredFinancial has better deposit and withdrawal processes than markets.com.
We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas.
markets.com has better educational support than SquaredFinancial. Both markets.com and SquaredFinancial offer educational support for more experienced traders.Access to frequent and high-quality market research and analysis is crucial.
We found that markets.com offers better research analysis than SquaredFinancial and that both markets.com and SquaredFinancial offer frequent webinars.
Established in 2009, Markets.com is a trustworthy global Forex broker regulated by some top-tier authorities, including CySEC of Cyprus and the FSCA of South Africa.
It offers fast trading execution on 400+ trading assets, including stock CFDs, Forex, commodities, cryptocurrencies, indices, ETFs, and bonds. Markets.com offers only one live account, which is limited compared to other brokers, but spreads start at 1 pip (EUR/USD), with no commissions and a minimum deposit requirement of only 1500 ZAR.
Full support is offered for MT4, MT5, TradingView and Markets.com's award-winning in-house platform. An advanced multi-asset trading platform, its inhouse platform is packed full of features, including excellent trading tools, expert analysis, and in-depth charting.
Markets.com also provides a high level of customer service compared to other brokers, and all traders are assigned a dedicated Account Manager to assist with any queries regarding their account or using the platform.
Established in 2009, Markets.com is a trustworthy global Forex broker regulated by some top-tier authorities, including CySEC of Cyprus and the FSCA of South Africa.
It offers fast trading execution on 400+ trading assets, including stock CFDs, Forex, commodities, cryptocurrencies, indices, ETFs, and bonds. Markets.com offers only one live account, which is limited compared to other brokers, but spreads start at 1 pip (EUR/USD), with no commissions and a minimum deposit requirement of only 1500 ZAR.
Full support is offered for MT4, MT5, TradingView and Markets.com's award-winning in-house platform. An advanced multi-asset trading platform, its inhouse platform is packed full of features, including excellent trading tools, expert analysis, and in-depth charting.
Markets.com also provides a high level of customer service compared to other brokers, and all traders are assigned a dedicated Account Manager to assist with any queries regarding their account or using the platform.
For more detailed reviews, please read our comprehensive assessments of markets.com and SquaredFinancial.
Select another broker to another broker to compare features, fees, and platforms side by side.
Alison and Chris cover a range of topics, including how to choose a Forex broker, safety and regulation, how to reduce your risk, trading psychology, trading platforms, and trading strategies, among others.
The FxScouts podcast helps beginner Forex traders get the best start to their trading careers.
