Compare forex brokers FOREXcom VS Merit Forex

If you're choosing between FOREXcom and Merit Forex forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is FOREXcom better than Merit Forex? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

FOREXCOM VS MERIT FOREX

FOREXcom
FOREXcom Overview

Forex.com is currently one of the larger online brokers that is cornering the U.S online retail trading scene. The trading platform is owned and managed by a holding company known as GAIN Capital which is in direct competition with FXCM for the domination of the U.S market.

Merit Forex
Merit Forex Overview

Merit Forex is a financial service firm registered and licensed in the Republic of Vanuatu. The brand offers forex/CFD trading on the MT4 and MT5 trading platforms.

# Broker's Features FOREXCOM Availability MERIT FOREX Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare FOREXcom vs Merit Forex.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. FOREXcom offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, CFD, Cryptocurrency, while Merit Forex offers Currencies, Commodities, Indices, Cryptocurrency, Futures.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. FOREXcom is Market Maker, while Merit Forex is Dealing Desk.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. FOREXcom is regulated by CFTC, NFA, while Merit Forex regulated by VFSC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Account currencies: Next lets consider the Account currencies each broker offers. FOREXcom offers EUR, GBP, USD, AUD, CAD, CHF, JPY different account currencies for each account types, while Merit Forex offers account currencies.

Languages Available: Next lets have a look at each broker's different Language options. FOREXcom offers Arabic, English, Japanese, Russian, Chinese, Arabic., while Merit Forex offers English, German, Italian, Russian Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. FOREXcom offers Credit/Debit Cards, Bank Wire Transfer different payment methods for each account types, while Merit Forex offers Credit/Debit Cards, Cryptocurrencies, Neteller, Skrill, Bank Wire Transfer payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, FOREXcom makes MT4, WebTrader available to clients, while Merit Forex offers MT5.

The Verdict: FOREXcom or Merit Forex?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, FOREXcom is more reliable based on our criteria above. Regulations play a huge role in protecting the traders/investors interest as they compel the financial service providers such as forex brokers to act in a fair and ethical manner. FOREXcom broker is regulated in more major hubs. FOREXcom offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. FOREXcom offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. FOREXcom has a wider range of languages in which customer service is offered making the broker more accessible. As a market maker, FOREXcom may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

What We Really Like on FOREXcom

Forex.com has low forex fees and a wide currency pair offer. It has also great and diverse technical research tools.

What We’d Like More on FOREXcom

The product portfolio is limited, providing only forex and CFDs. The stock CFD fees are high. Its desktop trading platform is not user-friendly.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.

Are you Satisfied with what They Offer?