Compare FXOpen vs easyMarkets
What is FXOpen? What is easyMarkets?
FXOpen is a forex broker that was founded in 2003 and is regulated by the FCA in the UK, the ASIC in Australia, and the FSC in the British Virgin Islands. FXOpen offers ECN/STP trading with variable spreads, low commissions, and high leverage on MT4, MT5, and TickTrader platforms.
easyMarkets is a forex broker that was founded in 2001 and is regulated by the CySEC in Cyprus and the ASIC in Australia. easyMarkets offers fixed spreads, no slippage, free guaranteed stop loss, and dealCancellation on its web platform, app, TradingView, MT4, and MT5 platforms.
FXOpen vs easyMarkets Regulation Comparison
Both FXOpen and easyMarkets are considered trusted brokers with an overall Trust Score of 80 out of 99 . However, FXOpen has more Tier-1 licenses than easyMarkets, as it is authorized by the FCA in the UK, while easyMarkets is not. Tier-1 licenses are issued by the most reputable regulators and indicate a high level of trustworthiness and safety for traders.
FXOpen vs easyMarkets Trading Assets Comparison
easyMarkets provides traders with more trading assets than FXOpen, as it offers 199 CFDs while FXOpen offers 87 CFDs. easyMarkets also has more forex pairs (62) than FXOpen (25). Both brokers offer cryptocurrency CFDs, but not physical cryptocurrencies.
FXOpen vs easyMarkets Trading Fees Comparison
FXOpen offers better pricing overall for traders than easyMarkets. FXOpen has lower variable spreads and commissions on its ECN/STP accounts than easyMarkets’ fixed spreads and no commissions on its standard accounts. However, easyMarkets may have an advantage for traders who prefer fixed spreads and no slippage over variable spreads and market execution.
FXOpen vs easyMarkets Account Types Comparison
FXOpen offers four types of accounts: Micro, STP, ECN, and Crypto. The Micro account has a minimum deposit of $1 and allows trading micro lots with fixed spreads. The STP account has a minimum deposit of $10 and allows trading standard lots with variable spreads and no commissions. The ECN account has a minimum deposit of $100 and allows trading standard lots with variable spreads and low commissions. The Crypto account has a minimum deposit of $10 and allows trading cryptocurrency CFDs with variable spreads and commissions.
easyMarkets offers two types of accounts: Standard and VIP. The Standard account has a minimum deposit of $100 and allows trading standard lots with fixed spreads and no commissions. The VIP account has a minimum deposit of $2,500 and allows trading standard lots with lower fixed spreads and no commissions.
FXOpen vs easyMarkets Deposit Options Comparison
FXOpen offers a variety of deposit and withdrawal options, including bank wire transfer, credit/debit cards, Skrill, Neteller, WebMoney, Perfect Money, FasaPay, QIWI Wallet, Yandex Money, China UnionPay, Bitcoin, Litecoin, Ethereum, Tether. Some methods may incur fees or have minimum/maximum limits depending on the currency or country.
easyMarkets also offers a variety of deposit and withdrawal options, including bank wire transfer, credit/debit cards, Skrill, Neteller, WebMoney, giropay, iDeal, SOFORT Banking. Some methods may incur fees or have minimum/maximum limits depending on the currency or country.
FXOpen vs easyMarkets Trading Platforms Comparison
FXOpen offers three trading platforms: MT4, MT5, and TickTrader. MT4 and MT5 are popular platforms that support expert advisors (EAs), indicators, charts, and various order types. TickTrader is FXOpen’s own advanced multi-asset platform that supports CFDs on forex, stocks, indices, commodities, cryptocurrencies as well as spot trading on cryptocurrencies.
easyMarkets offers five trading platforms: its web platform/app (easyMarkets), TradingView (easyTrade), MT4 (easyClassic), MT5 (easyPro), Vanilla Options (easyOptions). The web platform/app is simple and intuitive, with features like dealCancellation, Freeze Rate, Inside Viewer, and free guaranteed stop loss. TradingView is a powerful charting and social trading platform that supports easyTrade, a tool that lets you trade with limited risk and unlimited potential. MT4 and MT5 are popular platforms that support EAs, indicators, charts, and various order types. Vanilla Options is a platform that allows you to trade options contracts with predefined risk and reward.
FXOpen vs easyMarkets Analytical Tools Comparison
FXOpen provides some analytical tools for its clients, such as market news, economic calendar, forex calculators, VPS service, PAMM accounts, and social trading. However, FXOpen does not offer much in terms of research or education materials on its website.
easyMarkets provides more analytical tools for its clients, such as market news, economic calendar, trading signals, trading charts, dealCancellation, Freeze Rate, Inside Viewer, free guaranteed stop loss, and negative balance protection. easyMarkets also offers some research and education materials on its website, such as articles, videos, ebooks, webinars, and FAQs.
FXOpen vs easyMarkets. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose, as different brokers may suit different traders depending on their preferences, goals, and strategies. However, you can compare FXOpen and easyMarkets on various aspects and decide which one meets your needs better.
Some of the factors you may want to consider are:
- Regulation: FXOpen has more Tier-1 licenses than easyMarkets, which means it is more regulated and trustworthy. However, both brokers have an overall Trust Score of 80 out of 99, which is considered high.
- Trading Assets: easyMarkets offers more trading assets than FXOpen, including more forex pairs and CFDs. However, FXOpen offers more cryptocurrency CFDs and spot trading on cryptocurrencies.
- Trading Fees: FXOpen has lower variable spreads and commissions on its ECN/STP accounts than easyMarkets’ fixed spreads and no commissions on its standard accounts. However, easyMarkets may have an advantage for traders who prefer fixed spreads and no slippage over variable spreads and market execution.
- Account Types: FXOpen offers four types of accounts: Micro, STP, ECN, and Crypto. The Micro account is suitable for beginners who want to trade with low risk and fixed spreads. The STP account is suitable for intermediate traders who want to trade with variable spreads and no commissions. The ECN account is suitable for advanced traders who want to trade with variable spreads and low commissions. The Crypto account is suitable for traders who want to trade cryptocurrency CFDs and spot trading. easyMarkets offers two types of accounts: Standard and VIP. The Standard account is suitable for most traders who want to trade with fixed spreads and no commissions. The VIP account is suitable for high-volume traders who want to trade with lower fixed spreads and no commissions.
- Deposit and Withdrawal Options: Both FXOpen and easyMarkets offer a variety of deposit and withdrawal options, including bank wire transfer, credit/debit cards, e-wallets, and cryptocurrencies. Some methods may incur fees or have minimum/maximum limits depending on the currency or country .
- Trading Platforms: FXOpen offers three trading platforms: MT4, MT5, and TickTrader. MT4 and MT5 are popular platforms that support expert advisors (EAs), indicators, charts, and various order types. TickTrader is FXOpen’s own advanced multi-asset platform that supports CFDs on forex, stocks, indices, commodities, cryptocurrencies as well as spot trading on cryptocurrencies. easyMarkets offers five trading platforms: its web platform/app (easyMarkets), TradingView (easyTrade), MT4 (easyClassic), MT5 (easyPro), Vanilla Options (easyOptions). The web platform/app is simple and intuitive, with features like dealCancellation, Freeze Rate, Inside Viewer, and free guaranteed stop loss. TradingView is a powerful charting and social trading platform that supports easyTrade, a tool that lets you trade with limited risk and unlimited potential. MT4 and MT5 are popular platforms that support EAs, indicators, charts, and various order types. Vanilla Options is a platform that allows you to trade options contracts with predefined risk and reward.
- Analytical Tools: easyMarkets provides more analytical tools for its clients than FXOpen, such as market news, economic calendar, trading signals, trading charts, dealCancellation, Freeze Rate, Inside Viewer, free guaranteed stop loss, and negative balance protection. easyMarkets also offers some research and education materials on its website. FXOpen provides some analytical tools for its clients as well, such as market news, economic calendar, forex calculators, VPS service, PAMM accounts, and social trading. However, FXOpen does not offer much in terms of research or education materials on its website.
