Compare Forex.com vs easyMarkets
What is Forex.com? What is easyMarkets?
Forex.com is a global online broker that offers forex and CFD trading across various asset classes, including stocks, indices, commodities, and cryptocurrencies. Forex.com is a brand name of GAIN Capital, which is publicly traded on the New York Stock Exchange and regulated by multiple authorities around the world.
easyMarkets is an online broker that provides forex and CFD trading on various instruments, such as currencies, metals, commodities, indices, cryptocurrencies, and options. easyMarkets is a brand name of Easy Forex Trading Ltd, which is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC).
Forex.com vs easyMarkets Regulation Comparison
Forex.com holds 7 global Tier-1 licenses, while easyMarkets holds 2. Forex.com holds 1 global Tier-2 license, while easyMarkets holds 0. In our analysis of 23 international regulators across 50 brokers, Forex.com earned a higher Trust Score than easyMarkets.
Some of the major regulators that oversee Forex.com are the U.S. Commodity Futures Trading Commission (CFTC), the U.K. Financial Conduct Authority (FCA), the Japan Financial Services Agency (JFSA), and the Monetary Authority of Singapore (MAS).
Some of the major regulators that oversee easyMarkets are the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC).
Forex.com vs easyMarkets Trading Assets Comparison
Forex.com provides traders 91 currency pairs (e.g., EUR/USD) compared to easyMarkets’s 62 available pairs. Forex pairs aside, Forex.com offers traders access to 5500 CFDs while easyMarkets has 199 available CFDs, a difference of 5301.
Both brokers offer trading on cryptocurrencies, but Forex.com has more options with 10 crypto pairs versus easyMarkets’s 6.
easyMarkets also offers trading on options, which are not available at Forex.com.
Forex.com vs easyMarkets Trading Fees Comparison
Forex.com offers account tiers with differences in pricing. Standard accounts have slightly wider spreads, while Commission accounts provide tighter spreads but impose a per-trade commission. The average spread for EUR/USD on a Standard account is 1.3 pips, while on a Commission account it is 0.2 pips plus $5 per 100k traded.
easyMarkets operates on a fixed spread model across all accounts, providing a consistent trading cost throughout. The average spread for EUR/USD on an easyMarkets account is 1 pip.
Both brokers do not charge any inactivity fees or deposit fees. However, Forex.com charges a $15 monthly fee after one year of no trading activity, while easyMarkets charges a $25 monthly fee after six months of no trading activity.
Forex.com vs easyMarkets Account Types Comparison
Forex.com offers two main types of accounts: Standard and Commission. Both accounts have a minimum deposit requirement of $100 and offer up to 50:1 leverage in the U.S. and up to 500:1 leverage in other regions.
easyMarkets offers three types of accounts: Standard, Premium, and VIP. The minimum deposit requirement for each account is $100, $1000, and $2500 respectively. All accounts offer fixed spreads and up to 400:1 leverage.
Both brokers also offer demo accounts for practice trading and Islamic accounts for swap-free trading.
Forex.com vs easyMarkets Deposit Options Comparison
Forex.com supports various methods for depositing and withdrawing funds, such as bank wire transfer, credit/debit card, PayPal, Skrill, Neteller, UnionPay, and eCheck. The processing time for deposits is usually instant or within one business day, while withdrawals may take up to two business days.
easyMarkets also supports various payment methods, such as bank wire transfer, credit/debit card, Skrill, Neteller, WebMoney, iDeal, SoFortüberweisung, American Express, Giropay, JCB card, China Union Pay card, Local Bank Transfer (LBT), BPAY Deposit (Australia only), FastPay (Indonesia only), Trustly (Europe only), WeChatPay (China only), Alipay (China only), Sticpay (Global e-wallet), NganLuong.vn (Vietnam only), GlobePay (China only), FasaPay (Indonesia only), Webpay (Chile only), and Boleto Bancário (Brazil only). The processing time for deposits and withdrawals is usually instant or within one business day.
Forex.com vs easyMarkets Trading Platforms Comparison
Forex.com offers traders access to three trading platforms: the proprietary Advanced Trading Platform, the popular MetaTrader 4 (MT4) platform, and the web-based Web Trading platform. All platforms are available for desktop, web, and mobile devices, and support various features such as advanced charting, trading signals, automated trading, and customization options.
easyMarkets offers traders access to two trading platforms: the proprietary easyMarkets platform and the popular MetaTrader 4 (MT4) platform. Both platforms are available for desktop, web, and mobile devices, and support various features such as dealCancellation, freeze rate, free guaranteed stop loss, free guaranteed take profit, negative balance protection, and fixed spreads.
Forex.com vs easyMarkets Analytical Tools Comparison
Forex.com provides traders with various analytical tools to enhance their trading experience, such as Trading Central, Autochartist, Recognia Technical Insight, MarketPulse, TradingView charts, economic calendar, market news, and research reports.
easyMarkets also provides traders with various analytical tools to help them make informed trading decisions, such as Trading Central, Autochartist, Inside Viewer, financial calendar, market news, SMS alerts, and technical reports.
Forex.com vs easyMarkets. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a personal decision that depends on various factors, such as your trading style, preferences, goals, and risk appetite. There is no definitive answer to which forex broker is better, as different brokers may suit different traders better.
However, here are some possible advantages and disadvantages of each broker that you may want to consider:
- Forex.com may be a better choice for traders who value trustworthiness, diversity, and flexibility. Forex.com has a higher Trust Score than easyMarkets, as it is regulated by more reputable authorities and publicly traded on the NYSE. Forex.com also offers more trading instruments, including more currency pairs and CFDs, as well as cryptocurrencies and options. Forex.com also provides more account types and pricing options, allowing traders to choose the one that best suits their needs.
- easyMarkets may be a better choice for traders who value simplicity, stability, and protection. easyMarkets has a fixed spread model across all accounts, providing a consistent trading cost throughout. easyMarkets also offers various features that can help traders manage their risks and emotions, such as dealCancellation, freeze rate, free guaranteed stop loss, free guaranteed take profit, negative balance protection, and fixed spreads. easyMarkets also supports more payment methods than Forex.com, making it easier for traders to deposit and withdraw funds.
Ultimately, the best way to decide which forex broker is better for you is to try them out yourself. Both brokers offer demo accounts that you can use to test their platforms and services before opening a live account
