Compare forex brokers Marketscom VS 24option

If you're choosing between Marketscom and 24option forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is Marketscom better than 24option? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

MARKETSCOM VS 24OPTION

24option
24option Overview

24option is an online Forex and CFD broker that operates from Cyprus and Belize. It offers forex, commodities, stocks and indices for trading on its platforms. It is a regulated brand.

Marketscom
Marketscom Overview

Markets.com is a subsidiary of Playtech PLC – a company traded on the London Stock Exchange Main Market – offering traders access to more than 2,200 tradable CFD markets on MetaTrader and their own cutting-edge, proprietary Markets Web Trader and Markets Mobile App, with oversight from four major global financial regulators.

# Broker's Features MARKETSCOM Availability 24OPTION 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 Marketscom vs 24option.

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. Marketscom offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Bonds, Cryptocurrency, while 24option offers Currencies, Commodities, Indices, Stocks, Bonds, Cryptocurrency.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. Marketscom is Dealing Desk, while 24option is Market Maker, STP.

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. Marketscom is regulated by ASIC, CySEC, FCA, FSCA, while 24option regulated by CySEC, IFSC. 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. Marketscom offers different account currencies for each account types, while 24option offers USD, EUR, GBP account currencies.

Languages Available: Next lets have a look at each broker's different Language options. Marketscom offers Arabic, English, French, German, Italian, Portugue, while 24option offers English Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. Marketscom offers Credit/Debit Cards, Neteller, PayPal, Bank Wire Transfer different payment methods for each account types, while 24option offers Credit/Debit Cards, Moneybookers, Neteller, QIWI, Skrill payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Marketscom makes MT4, MT5, Proprietary available to clients, while 24option offers MT4.

The Verdict: Marketscom or 24option?

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

Objectively, Marketscom 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. Marketscom broker is regulated in more major hubs. Marketscom offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. 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. Marketscom has a wider range of languages in which customer service is offered making the broker more accessible. As a market maker, Marketscom 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.

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.

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