EagleFX is an online forex and cryptocurrency STP broker that offers CFD trading on hundreds of assets and optimal trading conditions within the MT4 platform. EagleFX was established in 2018 and is not regulated by any authority.
easyMarkets is an online forex and CFD broker that offers trading on the MT4, MT5, and easyMarkets web platforms. easyMarkets was established in 2001 and is regulated by CySEC, ASIC, FSA, and FSC.
EagleFX vs easyMarkets Regulation Comparison
Broker
Regulator
License Number
EagleFX
None
N/A
easyMarkets
CySEC (Cyprus)
079/07
ASIC (Australia)
246566
FSA (Seychelles)
19.09.2020
FSC (British Virgin Islands)
15.20.2020
EagleFX vs easyMarkets Trading Assets Comparison
Broker
Forex Pairs
Metals
Indices
Commodities
Stocks
Cryptos
EagleFX
Yes
Yes
Yes
No
No
Yes
easyMarkets
Yes
Yes
Yes
Yes
Yes
Yes
EagleFX vs easyMarkets Trading Fees Comparison
Broker
Spread Type
Average Spread (EUR/USD)
Commission (per lot)
EagleFX
Variable
0.7 pips
$6
easyMarkets
Fixed
0.9 pips
None
EagleFX vs easyMarkets Account Types Comparison
Broker
Account Types
EagleFX
Standard Account
easyMarkets
Standard Account, Premium Account, VIP Account, Super VIP Account
EagleFX vs easyMarkets Trading Platforms Comparison
Broker
Trading Platforms
EagleFX
MetaTrader 4
easyMarkets
MetaTrader 4, MetaTrader 5, easyMarkets Web Platform
EagleFX vs easyMarkets Analytical Tools Comparison
Broker
Analytical Tools
EagleFX
Interactive charts, Technical indicators
easyMarkets
Interactive charts, Technical indicators, dealCancellation (undo a losing trade), Inside Viewer (see what other traders are doing), Freeze Rate (pause a rate for a few seconds), Vanilla Options (trade with predefined risk amount)
EagleFX vs easyMarkets. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a personal decision that depends on your trading style, goals, preferences, and risk appetite. There is no definitive answer to which broker is better, as different brokers may have different advantages and disadvantages for different traders. However, here are some possible factors that you may want to consider when choosing between EagleFX and easyMarkets:
Regulation: easyMarkets is regulated by four reputable authorities in different jurisdictions, while EagleFX is not regulated by any authority. This means that easyMarkets may offer more protection and security for your funds and trading activities, as well as comply with higher standards of transparency and accountability. EagleFX, on the other hand, may pose more risks and uncertainties for your trading experience, as there is no guarantee that they will follow fair and ethical practices or honor your withdrawal requests.
Trading Assets: easyMarkets offers a wider range of trading assets than EagleFX, including commodities, stocks, and vanilla options. This means that you may have more opportunities and flexibility to diversify your portfolio and trade on various markets and instruments with easyMarkets. EagleFX, however, may be more suitable for you if you are mainly interested in trading forex and cryptocurrencies, as they offer hundreds of currency pairs and crypto assets.
Trading Fees: EagleFX charges a commission of $6 per lot on top of variable spreads, while easyMarkets does not charge any commission but only fixed spreads. This means that EagleFX may have lower trading costs for some trades, especially when the market is calm and the spreads are tight. However, easyMarkets may have more predictable and stable trading costs for most trades, as you will always know the exact spread before opening a position.
Account Types: EagleFX only offers one standard account type for all traders, while easyMarkets offers four different account types with varying features and benefits. This means that EagleFX may have a simpler and more straightforward account structure for you, as you will not need to worry about meeting any minimum deposit or trading volume requirements. However, easyMarkets may have more tailored and customized account options for you, depending on your trading needs and preferences. For example, if you want to access lower spreads, higher leverage, free SMS signals, or personal account managers, you may want to opt for one of the premium account types with easyMarkets.
Deposit and Withdrawal Options: Both brokers offer a variety of deposit and withdrawal methods, including wire transfer, credit/debit cards, crypto, and e-wallets. However, easyMarkets has more payment options than EagleFX, such as UnionPay, BPAY, iDEAL, SOFORT, FasaPay, giropay, AstroPay, etc. This means that you may have more convenience and flexibility to fund your account and withdraw your profits with easyMarkets. However, both brokers claim to process withdrawals within 24 hours or less, so you may not experience any significant delays or issues with either broker.
Trading Platforms: Both brokers offer the popular MetaTrader 4 platform for desktop and mobile devices. However, easyMarkets also offers the MetaTrader 5 platform and its own web-based platform. This means that you may have more choices and features to access the markets and execute your trades with easyMarkets. For example, the MT5 platform supports more order types, indicators, timeframes, and tools than the MT4 platform. The easyMarkets web platform also has some unique features such as dealCancellation (undo a losing trade), Inside Viewer (see what other traders are doing), Freeze Rate (pause a rate for a few seconds), etc.
Analytical Tools: Both brokers provide interactive charts and technical indicators on their trading platforms to help you analyze the market trends and signals. However, easyMarkets also offers vanilla options as an analytical tool that allows you to trade with predefined risk amount. This means that you may have more control and flexibility over your trading strategies and outcomes with easyMarkets.
