Compare easyMarkets vs Coinexx
What is easyMarkets? What is Coinexx?
easyMarkets is a regulated online broker that offers trading services on forex, CFDs, indices, shares, commodities, cryptocurrencies and more. The broker has been in operation since 2001 and provides access to the MetaTrader 4, MetaTrader 5 and easyMarkets web platforms. easyMarkets also offers unique features such as dealCancellation, Freeze Rate and Inside Viewer.
Coinexx is an unregulated online broker that offers trading services on forex, commodities, indices and cryptocurrencies. The broker uses crypto as base currencies and allows deposits and withdrawals with 25 altcoins. Coinexx provides access to the MetaTrader 4 and MetaTrader 5 platforms with pure ECN execution, tight spreads from 0 pips and high leverage up to 1:500.
easyMarkets vs Coinexx Regulation Comparison
easyMarkets is regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 079/07. The broker also holds licenses from the Australian Securities and Investments Commission (ASIC) with license number 246566, the Seychelles Financial Services Authority (FSA) with license number SD056 and the British Virgin Islands Financial Services Commission (FSC) with license number SIBA/L/18/1114.
Coinexx is not regulated by any authority and operates as an offshore broker. This means that the broker does not have to comply with any rules or standards regarding client protection, fund segregation, dispute resolution or financial reporting. Trading with an unregulated broker carries a high level of risk and may result in the loss of your funds.
easyMarkets vs Coinexx Trading Assets Comparison
easyMarkets offers over 170 trading instruments across various asset classes, including forex, CFDs, indices, shares, commodities, cryptocurrencies and futures. The broker has a diverse range of currency pairs, from major to exotic ones, as well as popular commodities such as gold, silver, oil and natural gas. easyMarkets also provides access to some of the most traded indices and shares in the global markets, such as the S&P 500, NASDAQ 100, FTSE 100 and Apple. Additionally, easyMarkets allows trading on some of the most popular cryptocurrencies, such as Bitcoin, Ethereum, Ripple and Litecoin.
Coinexx offers over 100 trading instruments across four asset classes: forex, commodities, indices and cryptocurrencies. The broker has a wide selection of currency pairs, from major to minor ones, as well as some exotic ones. Coinexx also offers trading on some of the most liquid commodities in the market, such as gold, silver, oil and natural gas. Moreover, Coinexx provides access to some of the most popular indices in the world, such as the Dow Jones, S&P 500, NASDAQ 100 and FTSE 100. Furthermore, Coinexx allows trading on a variety of cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, Dash and Monero.
easyMarkets vs Coinexx Trading Fees Comparison
easyMarkets charges fixed spreads on its trading instruments, which means that the spread does not change according to market conditions or volatility. The broker claims to offer some of the lowest fixed spreads in the industry. For example, the spread for EUR/USD is 0.8 pips on the easyMarkets platform and 0.7 pips on the MetaTrader platforms. However, easyMarkets does not charge any commissions or hidden fees on its trades.
Coinexx charges variable spreads on its trading instruments, which means that the spread fluctuates according to market conditions and liquidity. The broker claims to offer pure ECN spreads from 0 pips on its trades. For example, the average spread for EUR/USD is 0.2 pips on the MetaTrader platforms. However, Coinexx does charge commissions on its trades, which vary depending on the account type and base currency. For example, the commission for a standard account with BTC as base currency is $2 per lot per side.
easyMarkets vs Coinexx Account Types Comparison
easyMarkets offers four types of accounts for its clients: Standard Account, Premium Account, VIP Account and Super VIP Account. The main differences between these accounts are the minimum deposit requirements, the spreads and the customer support levels. The Standard Account requires a minimum deposit of $25 and offers spreads from 1 pip on forex pairs. The Premium Account requires a minimum deposit of $2,000 and offers spreads from 0.9 pips on forex pairs. The VIP Account requires a minimum deposit of $10,000 and offers spreads from 0.6 pips on forex pairs. The Super VIP Account requires a minimum deposit of $50,000 and offers spreads from 0.4 pips on forex pairs. All accounts have access to the MetaTrader 4, MetaTrader 5 and easyMarkets web platforms, as well as the unique features of dealCancellation, Freeze Rate and Inside Viewer. However, the higher the account type, the better the customer support and the more personalized the service.
Coinexx offers two types of accounts for its clients: Standard Account and ECN Account. The main difference between these accounts is the commission structure. The Standard Account does not charge any commissions on its trades, but has slightly higher spreads than the ECN Account. The ECN Account charges commissions on its trades, but has lower spreads than the Standard Account. Both accounts have access to the MetaTrader 4 and MetaTrader 5 platforms, as well as the benefits of pure ECN execution, high leverage up to 1:500 and negative balance protection. Both accounts also have low minimum deposit requirements of 0.001 BTC and allow deposits and withdrawals with 25 altcoins.
easyMarkets vs Coinexx Deposit Options Comparison
easyMarkets offers a variety of deposit and withdrawal options for its clients, including credit/debit cards, wire transfer, Skrill, Neteller, WebMoney, UnionPay, BPAY, iDEAL, SOFORT, FasaPay, giropay and AstroPay. The broker also accepts deposits and withdrawals with some cryptocurrencies, such as Bitcoin, Ethereum, Litecoin and Crypto Cash. However, the broker does not accept deposits and withdrawals with fiat currencies other than USD, EUR and GBP. The broker does not charge any fees for deposits or withdrawals, but some third-party providers may apply their own fees or charges. The processing time for deposits and withdrawals may vary depending on the method used, but generally ranges from instant to 3-5 business days.
Coinexx only offers deposit and withdrawal options with cryptocurrencies for its clients. The broker accepts deposits and withdrawals with 25 altcoins, including Bitcoin, Ethereum, Litecoin, Dash, Monero and Tether. The broker does not accept deposits and withdrawals with any fiat currencies or other payment methods. The broker does not charge any fees for deposits or withdrawals, but some network fees may apply depending on the cryptocurrency used. The processing time for deposits and withdrawals is usually instant or within a few hours.
easyMarkets vs Coinexx Trading Platforms Comparison
easyMarkets provides access to three trading platforms for its clients: MetaTrader 4, MetaTrader 5 and easyMarkets web platform. MetaTrader 4 and MetaTrader 5 are the most popular and widely used trading platforms in the industry, offering advanced charting tools, indicators, expert advisors, scripts and more. easyMarkets web platform is a proprietary platform that is designed to be simple, intuitive and powerful. It offers features such as dealCancellation, Freeze Rate and Inside Viewer that are exclusive to easyMarkets. It also offers free guaranteed stop loss and take profit orders, no slippage and fixed spreads on all trades. All platforms are available on desktop, web and mobile devices.
Coinexx provides access to two trading platforms for its clients: MetaTrader 4 and MetaTrader 5. MetaTrader 4 and MetaTrader 5 are the most popular and widely used trading platforms in the industry, offering advanced charting tools, indicators, expert advisors, scripts and more. Coinexx offers pure ECN execution on both platforms with tight spreads from 0 pips and high leverage up to 1:500. Both platforms are available on desktop, web and mobile devices.
easyMarkets vs Coinexx Analytical Tools Comparison
easyMarkets offers some analytical tools for its clients to enhance their trading experience and performance. These include a financial calendar that shows important economic events and indicators that may affect the market movements; a market news section that provides updates on the latest developments in the global markets; a trading charts section that allows traders to view live price movements of various instruments; and a trading signals section that provides recommendations on when to buy or sell based on technical analysis.
Coinexx does not offer any analytical tools for its clients on its website or platforms. However, traders can use the built-in tools on the MetaTrader 4 and MetaTrader 5 platforms to conduct their own analysis and research. These include various chart types, time frames, indicators, drawing tools and more.
easyMarkets vs Coinexx. 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, preferences and goals. However, based on the comparison between easyMarkets and Coinexx, here are some factors that you may want to consider:
- Regulation: easyMarkets is regulated by four reputable authorities, while Coinexx is not regulated by any authority. This means that easyMarkets has to follow strict rules and standards regarding client protection, fund segregation, dispute resolution and financial reporting. Coinexx, on the other hand, operates as an offshore broker and does not have to comply with any regulations or standards. Trading with an unregulated broker carries a high level of risk and may result in the loss of your funds.
- Trading Assets: easyMarkets offers a wider range of trading instruments than Coinexx, covering more asset classes such as CFDs, shares and futures. easyMarkets also offers some unique features such as dealCancellation, Freeze Rate and Inside Viewer that are exclusive to its platform. Coinexx, however, only offers trading on forex, commodities, indices and cryptocurrencies.
- Trading Fees: easyMarkets charges fixed spreads on its trades, which means that the spread does not change according to market conditions or volatility. easyMarkets also does not charge any commissions or hidden fees on its trades. Coinexx charges variable spreads on its trades, which means that the spread fluctuates according to market conditions and liquidity. Coinexx also charges commissions on its trades, which vary depending on the account type and base currency.
- Account Types: easyMarkets offers four types of accounts for its clients, with different minimum deposit requirements, spreads and customer support levels. The higher the account type, the better the service and the lower the spreads. Coinexx offers two types of accounts for its clients, with low minimum deposit requirements and high leverage up to 1:500. The main difference between these accounts is the commission structure.
- Deposit and Withdrawal Options: easyMarkets offers a variety of deposit and withdrawal options for its clients, including credit/debit cards, wire transfer, e-wallets and cryptocurrencies. The broker also accepts deposits and withdrawals with some fiat currencies such as USD, EUR and GBP. Coinexx only offers deposit and withdrawal options with cryptocurrencies for its clients. The broker accepts deposits and withdrawals with 25 altcoins.
- Trading Platforms: Both brokers provide access to the MetaTrader 4 and MetaTrader 5 platforms, which are the most popular and widely used trading platforms in the industry. However, easyMarkets also provides access to its own web platform, which is designed to be simple, intuitive and powerful. It offers features such as free guaranteed stop loss and take profit orders, no slippage and fixed spreads on all trades.
- Analytical Tools: easyMarkets offers some analytical tools for its clients to enhance their trading experience and performance. These include a financial calendar, a market news section, a trading charts section and a trading signals section. Coinexx does not offer any analytical tools for its clients on its website or platforms.
Based on these factors, you may find that easyMarkets is a better forex broker than Coinexx if you value regulation, security, diversity of trading instruments, fixed spreads and customer service. However, you may find that Coinexx is a better forex broker than easyMarkets if you value crypto-based trading, low commissions, high leverage and ECN execution.
Ultimately, the choice is yours. You should do your own research and due diligence before opening an account with any broker. You should also test their platforms and services with a demo account before trading with real money.
