Markets.com and TPFx face off across regulation, pricing, and platforms. The clash highlights four-regulatory oversight against domestic Indonesian licensing and a narrower product set.
Find out which broker best suits your trader profile.
Choose if…
Choose Markets.com if you want broad instrument coverage and four-jurisdiction regulation, including CySEC, FCA, ASIC, and FSCA. Its low $25 minimum deposit improves accessibility, funds are held in segregated accounts, and it offers MT4, MT5, plus a proprietary platform.
Choose if…
Choose TPFx if you are an Indonesian resident seeking local IDR funding and access to OJK and BAPPEBTI regulation, plus MT5 alongside a proprietary trading platform. It offers a raw spread account and domestic IDR transfers with 24/5 support.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
| Editorial score | 4.0/ 5 | 3.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.3 / 5▲ | 3.7 / 5 |
Pros
CySEC, FCA, ASIC, and FSCA four-jurisdiction regulation
$25 minimum deposit - lowest among brokers with this regulatory stack
2,200+ instruments including shares CFDs
FSCS protection (UK) and ICF compensation (EU)
Client funds held in segregated accounts
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | Markets.com | TPFx |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Fail |
| Compensation scheme (e.g. FSCS) | Pass | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Pass | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Fail |
The scores are close: Markets.com rates 4/5 and TPFx rates 3.7/5. Markets.com has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
Markets.com starts from 0.6 pips, tighter than TPFx's 1.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Markets.com has $25, while TPFx requires at least $60. This makes Markets.com more accessible for traders with limited starting capital.
Markets.com holds top-tier regulation (ASIC, CySEC, FCA), providing stronger investor protections. TPFx may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
Markets.com stands out for beginners: it has a lower entry point and provides negative balance protection, which caps losses at your deposited amount. Also compare demo account availability and educational resources before deciding.
Markets.com lists maximum leverage of 30:1, while TPFx lists up to 100:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Markets.com supports Proprietary Web/Mobile, MetaTrader 4, MetaTrader 5, while TPFx supports Proprietary Web/Mobile, MetaTrader 5. Both provide Proprietary Web/Mobile and MetaTrader 5. Markets.com has exclusive access to MetaTrader 4.
Markets.com offers tighter spreads from 0.60 pips vs 1.50 pips for TPFx, reducing trading costs.
Markets.com wins for safety and regulation with four-tier oversight and fund segregation.
Markets.com wins for active traders due to broad instrument range and advanced charting tools.
TPFx is better suited for scalpers: raw/ECN spreads available.
Markets.com wins for platform choice with MT4/MT5 and a proprietary platform.
Markets.com wins for beginners with a low $25 minimum deposit and strong protection.
Markets.com offers broad instrument variety with 2,200+ assets versus 50 at TPFx.
Fees & Spreads 30% weight | 4.1 / 5▲ | 3.7 / 5 |
|---|
Platforms & Tools 20% weight | 3.9 / 5▲ | 3.7 / 5 |
|---|
Customer Support 10% weight | 4.0 / 5▲ | 3.7 / 5 |
|---|
| Founded | 2009 | 2010 |
|---|
| Headquarters | Limassol, Cyprus | Jakarta, Indonesia |
|---|
| Min Deposit | $25▼ lower | $60 |
|---|
| Spreads From | 0.6 pips▼ lower | 1.5 pips |
|---|
| Commission / lot | N/A | N/A |
|---|
| Max Leverage | 30:1▲ higher | 100:1 |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNeteller | Bank transferCredit cardDebit card |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNeteller | Bank transfer |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | ASIC CySEC FCA FSCA | BAPPEBTI OJK |
|---|
| Platforms | Proprietary Web/Mobile MetaTrader 4 MetaTrader 5 | Proprietary Web/Mobile MetaTrader 5 |
|---|
| Active bonuses |
|---|
Negative balance protection
Investor compensation scheme coverage
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Proprietary trading platform available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
BAPPEBTI-licensed and OJK-registered, full Indonesian regulatory compliance
OJK registration no. S-130/PM.02/2025 is publicly verifiable
Supports MetaTrader 5 alongside proprietary platform
Local Indonesian bank transfer funding with IDR accounts
Client funds held in segregated accounts
Raw spread account available
No deposit fees
No inactivity fee
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Cons
Spread-only pricing, no raw ECN account
Research tools limited, no analyst reports or stock screener
Not available to US clients
Platform analytical depth below Saxo or IG
Cons
Only available to Indonesian residents, no international clients
Higher minimum deposit than some domestic peers
Narrow product range limited to forex and commodity futures
No top-tier regulatory licence
No negative balance protection
No investor compensation scheme
Limited charting capabilities
Support available in limited languages
Markets.com edges out TPFx on the editorial score due to stronger regulation, broader instrument coverage, and a lower minimum deposit.
Dig deeper into each broker’s features, fees, and regulation.
Score 3.7 / 5
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