Compare easyMarkets vs FXTM - CFD Broker Comparison

Compare easyMarkets vs FXTM

easyMarkets vs FXTM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, Web Trader & Apps200+CySEC, ASIC
$5MT4, MT5200+CySEC, FCA, FSCA, FSC

easyMarkets vs FXTM Comparison

A difference between easyMarkets and FXTM is that easyMarkets provides fixed spreads while FXTM offers variable spreads. FXTM also provides ECN trading, that is it can offer low spreads with a commission charge and allows trading styles such as scalping, EAs and hedging. However, while not an ECN broker, easyMarkets also allows scalping, hedging and EAs.

Both brokers offer Forex pairs, but easyMarkets has a particularly large number of FX products available. easyMarkets provides a web trader and also offers MT4, while FXTM offers MT4 and MT5 and a web trader based on MT4.

Both brokers are regulated by the CySEC in Cyprus. easyMarkets is also regulated by the ASIC in Australia, while FXTM is additionally regulated by the FCA in the United Kingdom and the FSC in Mauritius and is licensed by the FSCA in South Africa.

Minimum deposit and account types

The minimum deposit for easyMarkets is $100. The minimum deposit for FXTM is $5.

  • easyMarkets offers a Standard account with a minimum deposit of $100 and a VIP account with a minimum deposit of $2,500.
  • All easyMarkets account types have customer support and a personal account manager. The VIP account additionally has telephone trading, access to the tightest spreads at easyMarkets, a personal analyst and real time SMS market updates. The minimum trade size is 0.01 lots.
  • FXTM provides three Standard accounts. These are the Standard, Cent and Shares accounts. The minimum deposit for the Cent account is $/€/£5 or ₦1,000 and the minimum deposit for the Standard and Shares account is $/€/£100 or ₦20,000. These are instant execution accounts (they are not no dealing desk). Micro lot trading is available for all account types. Scalping is allowed only on the ECN accounts. FXTM provides a range of tools, including signals, daily market analysis, news and an economic calendar.
  • FXTM offers a number of ECN accounts. There include the FXTM ECN Account, the ECN Zero, the FXTM ECN MT5, the Strategy Account, FXTM Pro and FXTM Pro MT5. The ECN and MT5 accounts charge commissions, the others do not. The minimum deposit for the ECN Zero account is $/€/£200 or ₦20 000, the minimum deposit for the FXTM ECN MT5 account is $/€/£500 or ₦20,000, the minimum deposit for the Strategy Account is $/€/£100 and the minimum deposit for the FXTM Pro accounts is $/€/£25,000 or ₦5,000,000.

Markets

  • easyMarkets provides Forex pairs, Indices, Energy, Metals, Soft Commodities, Cryptocurrencies and Options, with 200+ available.
  • FXTM can offer slightly different numbers of markets for each ECN account types, which can be between 35+ and 60+. The FXTM ECN account offers 60+ assets. All the accounts provide Forex and Precious Metals, the FXTM ECN account can also offer Energy and Indices.
  • For the non-ECN accounts, FXTM can offer more markets on the Standard account, with 75+ covering Forex, Precious Metals, Energy and Indices. The Cent account offers less, at 25+, covering Forex and Precious Metals. FXTM also has a non-ECN account which provides 180+ Shares CFDs.
  • easyMarkets can offer 135+ Forex pairs, FXTM can offer 55+ Forex pairs.

Spreads and leverage

  • Spreads at easyMarkets are fixed and are from 1 for EUR/USD, 2 for UK100, 0.35 for Gold and 0.04 for US Oil.
  • Spreads at FXTM are variable, and for EUR/USD are from 1.3 on the Standard account, 1.5 on the Cent account, 0.1 on the ECN account, 0.5 on the ECN Zero account, 0.2 on the FXTM ECN MT5 account, 0.3 on the Strategy account and 0 on the FXTM Pro accounts.
  • FXTM offers a typical spread of 5.0 (Standard) and 1.5 (ECN) for UK100, a minimum spread from .107 (Standard) and .05 (ECN) for Gold and a typical spread of 0.09 (Standard) and 0.04 (ECN) For US Oil. The Shares Account has spreads on Share CFDs from 0.1.

Maximum leverage for easyMarkets (CySEC regulated) is . Maximum leverage for FXTM is .

Commissions

  • easyMarkets does not charge commissions.
  • FXTM charges a commission starting at $2 per lot per side, depending on the equity in the account and the volume traded. There is no commission charged for the ECN Zero, Strategy or Pro accounts or the non-ECN accounts.

Platforms

easyMarkets offers a web trader with a range of indicators and chart types and MT4. FXTM provides MT4 and MT5 on its MT5 ECN account and a web trader based on MT4. These platforms are available on desktop, tablet and mobile.

Comparison summary

  • easyMarkets offers fixed spreads
  • FXTM offers variable spreads
  • FXTM can provide both low spreads with a commission charge and spreads without
  • easyMarkets offers lower fixed spreads on accounts with a higher minimum deposit
  • Both brokers allow scalping, hedging and EAs
  • These brokers offer MT4, FXTM also provides MT5
  • FXTM offers a web trader based on MT4, while easyMarkets provides its own web trading platform

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