Compare SimpleFX vs easyMarkets
What is SimpleFX? What is easyMarkets?
SimpleFX is an online trading platform that was established in 2014 and allows traders to trade various assets such as forex, crypto, stocks, commodities, and indices with variable spreads and high leverage. SimpleFX supports MetaTrader 4, Mobile Trading Platform, and WebTrader as its trading platforms.
easyMarkets is an online trading platform that was established in 2001 and offers traders the ability to trade forex, crypto, stocks, commodities, and indices with fixed spreads and low leverage. easyMarkets also provides unique tools such as dealCancellation, Freeze Rate, Inside Viewer, and easyTrade. easyMarkets supports easyMarkets Web Platform, TradingView, MetaTrader 4, and MetaTrader 5 as its trading platforms.
SimpleFX vs easyMarkets Regulation Comparison
SimpleFX is not regulated by any authority, which means that it does not have to comply with any rules or standards regarding the safety and security of its clients’ funds and data. This may pose a higher risk for traders who use SimpleFX as their broker.
easyMarkets is regulated by four authorities: CySEC (Cyprus) 079/07, ASIC (Australia) 246566, FSA (Seychelles) 19.09.2020, and FSC (British Virgin Islands) 15.20.2020. This means that easyMarkets has to follow strict regulations and guidelines to ensure the protection and transparency of its clients’ funds and data. This may give traders more confidence and trust when using easyMarkets as their broker.
SimpleFX vs easyMarkets Trading Assets Comparison
SimpleFX offers a wide range of trading assets, including forex, crypto, stocks, commodities, and indices. However, some of these assets may have limited availability or liquidity depending on the market conditions and the platform used.
easyMarkets also offers a variety of trading assets, such as forex, crypto, stocks, commodities, and indices. In addition, easyMarkets allows traders to trade options and forwards on some of these assets, which may give them more flexibility and control over their trading strategies.
SimpleFX vs easyMarkets Trading Fees Comparison
SimpleFX does not charge any commissions or hidden fees on its trades. However, it does apply variable spreads that may change depending on the market volatility and the platform used. The spreads may also vary for different account types and trading instruments.
easyMarkets does not charge any commissions or hidden fees on its trades either. However, it applies fixed spreads that do not change during trading hours. The spreads may also differ for different account types and trading instruments.
SimpleFX vs easyMarkets Account Types Comparison
SimpleFX offers only one type of account for all its clients. The minimum deposit required to open an account is $1. The maximum leverage available is 1:500. The minimum position size is 0.01 lot.
easyMarkets offers four types of accounts for its clients: Standard Account, Premium Account, VIP Account, and Super VIP Account. The minimum deposit required to open an account ranges from $25 to $10,000 depending on the account type. The maximum leverage available is 1:400. The minimum position size is 0.01 lot.
SimpleFX vs easyMarkets Deposit Options Comparison
SimpleFX supports various payment methods for depositing and withdrawing funds from its platform. These include Skrill, Neteller, FasaPay, Crypto, Litecoin, Dash, Ethereum, Monero, Crypto Cash, Zcash, Ethereum Classic, Tether (USDT), Dogecoin, Tron, USD Coin (USDC), Dai (DAI), EOS.IO, Binance Coin and Ripple.
easyMarkets also supports a range of payment methods for depositing and withdrawing funds from its platform. These include WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, BPAY, iDEAL, SOFORT, FasaPay, Crypto, Litecoin, giropay, Ethereum, Crypto Cash, Tether (USDT) and AstroPay.
SimpleFX vs easyMarkets Trading Platforms Comparison
SimpleFX supports three trading platforms: MetaTrader 4 (MT4), Mobile Trading Platform (MTP), and WebTrader (WT). MT4 is a popular and advanced platform that offers a range of features and tools for traders, such as expert advisors, indicators, charts, and automated trading. MTP is a mobile app that allows traders to access the markets from their smartphones or tablets. WT is a web-based platform that is easy to use and does not require any download or installation.
easyMarkets supports four trading platforms: easyMarkets Web Platform (EWP), TradingView (TV), MetaTrader 4 (MT4), and MetaTrader 5 (MT5). EWP is a web-based platform that offers a simple and intuitive interface and unique tools such as dealCancellation, Freeze Rate, Inside Viewer, and easyTrade. TV is a social network and charting platform that provides traders with access to a large community of traders, advanced charts, and analytics. MT4 and MT5 are similar to the ones offered by SimpleFX, but with some differences in spreads, leverage, and instruments.
SimpleFX vs easyMarkets Analytical Tools Comparison
SimpleFX provides some basic analytical tools for its traders, such as news, economic calendar, trading signals, and market analysis. However, these tools may not be sufficient or updated for some traders who need more in-depth and comprehensive information and guidance.
easyMarkets offers more extensive and sophisticated analytical tools for its traders, such as news, economic calendar, trading signals, market analysis, trading charts, trading academy, trading central, financial commentary, and market explorer. These tools may help traders to improve their knowledge, skills, and strategies in the markets.
SimpleFX vs easyMarkets. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on your personal preferences, trading goals, and risk appetite. There is no definitive answer to which broker is better, as different brokers may suit different traders better.You should also do your own research and compare other aspects of the brokers, such as their customer service, reputation, security, and user reviews. You should also try out their demo accounts to get a feel of their platforms and services before opening a real account.
