DNA Markets vs Forex.com | Which is best 2024 (2024)

3

DNA Markets is #2 in our CFD broker rankings.

4.5

Forex.com is #1 in our broker rankings.

Traders from US accepted

Traders from US accepted

DNA Markets is a forex and CFD broker established in 2020. The broker operates two entities in Australia and the offshore jurisdiction, St Vincent and the Grenadines. Traders can access 250+ markets, with a Standard account for beginners and a Raw account for experienced traders. The reliable MetaTrader 4 and MetaTrader 5 platforms are available, alongside Signal Start.

Forex.com boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they provide a huge range of day trading markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.

Customer Reviews

4

4.7

Bonus Offer Active Trader Program With A 15% Reduction In Costs Comment by Reviewer "DNA Markets is an excellent choice for short-term traders familiar with the MetaTrader platforms. The smooth sign-up process also makes it easy to get started while the $100 minimum deposit is accessible. That said, DNA Markets trails the top brokers in education, research and mobile trading. " "Forex.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools." Pros Cons Awards Instruments CFDs, Forex, Indices, Commodities, Stocks, Crypto Forex, Spot Metals Demo Account Yes Yes Minimum Deposit $100 $100 Trading Platforms Payment Methods Debit Card, ACH Transfer, Wire Transfer Minimum Trade 0.01 Lots 0.01 Lots Regulator ASIC NFA, CFTC Margin Trading Yes Yes STP Account No Yes ECN Account Yes Yes DMA Account No Yes MAM Account No No PAMM Account No No LAMM Account No No Demat Account No No AI / Machine Learning No Yes Robo Advisor No No Negative Balance Protection Yes Yes Market Maker No No P2P Trading No No Spot Trading No Yes Mobile Apps iOS & Android iOS & Android App Review

Our initial disappointment with DNA Markets’ lack of a proprietary mobile app was quickly overshadowed by the impressive functionality of the MT4 and MT5 mobile apps. These platforms deliver a seamless trading experience akin to their desktop counterparts, with smooth charting and customizable features optimized for mobile use. The addition of push notifications and plentiful daily news accessible directly from your phone ensures you’re kept in the loop with key market updates.

Running alongside the MT4 and Web Trader platforms, the Forex.com app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd. Additionally, it beats out MT4 when it comes to mobile charting tools, with over 80 indicators and 11 chart types, not to mention a slicker design that we love.

Android App Rating

4.4

3.8

iOS App Rating

4.8

3.6

Auto Trading Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader Copy Trading Yes No Copy Trading Platform DNA Markets offers Signal Start, a user-friendly copy trading solution. The tool is easy to use and new traders enjoy the first 3 months subscription-free. On the negative side, it lacks the social trading features you get with more comprehensive apps like eToro. Social Trading No No Trade Signals Signal Start SMART Signals VPS Hosting No Yes Tournaments No No Demo Competitions No No Ethical Investing No No Custodial Account No No Guaranteed Stop Loss No No Inactivity Fee $0 $15 Islamic Account No Yes Account Currencies Stock Exchanges Commodities CFD Trading DNA Markets offers a small suite of 250 CFDs covering stocks, indices, forex, commodities and cryptos, providing opportunities to speculate on rising and falling prices. There are no restrictions on strategies with leverage up to 1:30 (Australia) or 1:500 (rest of world). CFD trading not offered Leverage 1:500 1:50 FTSE Spread 1.7 1.0 GBPUSD Spread 1.0 1.0 Oil Spread 1.5 0.04 Stocks Spread 1.0 cent + $0.02 per share, per side (Apple) 0.1% Forex Trading DNA Markets continues to deliver an excellent environment for forex traders with 40+ currency pairs and low spreads from 0.0 pips on the EUR/USD during tests. The MetaTrader 4 platform, available on desktop, web and mobile, was also designed specifically for forex trading. Forex.com maintains its position as a leading FX broker, thanks to the 80+ currency pairs and some of the lowest fees in the industry. EUR/USD spreads come in as low as 0.0 with a $7 commission per $100k. The SMART Signals tool also uncovers forex price patterns from dozens of major markets. Forex App

Running alongside the Advanced and WebTrader Platforms, the Forex.com mobile app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd.

GBPUSD Spread 1.0 1.0 EURUSD Spread 1.0 1.0 EURGBP Spread 1.0 1.0 Assets 40+ 80+ Currency Indices Cryptocurrency You can trade a handful of cryptos 24/7. However, the narrow selection of 4 tokens trails alternatives like Vantage with its 40+ tokens, while the spread from $28 on Bitcoin is significantly higher than the cheapest crypto brokers. Crypto trading not offered Spread $28 (Bitcoin) BTC 1.4%, ETH 2% Coins Crypto Lending No No Crypto Mining No No Crypto Staking No No Auto Market Maker No No

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