easyMarkets vs USGFX Comparison

Compare easyMarkets vs USGFX

easyMarkets vs USGFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, Web Trader & Apps200+FCA, CySEC
$100MT4, MT560+ASIC

easyMarkets vs USGFX Comparison

Both of these brokers offer MT4 (USGFX also provides MT5). However easyMarkets's main platform (with more markets available) is a web trader and apps. USGFX is an STP/ECN broker, though it does not charge Forex commissions. Like easyMarkets it does however provide lower spreads for account types requiring a higher minimum deposit. Unlike easyMarkets, USGFX's spreads are variable - easyMarkets's spreads are fixed.

easyMarkets can offer more markets and has a particularly large number of Forex pairs on offer. However USGFX has a competitive number of markets for an STP/ECN broker.

easyMarkets is regulated by the FCA in the United Kingdom and the CySEC in Cyprus. USGFX is regulated by the ASIC in Australia.

Quick comparison

easyMarkets is a fixed spread broker offering a web trader and apps. Like USGFX it also provides MT4. USGFX is a variable spread broker. Neither charges commissions for trading Forex and each can offer lower Forex spreads with account types requiring a higher minimum deposit.

Minimum deposit and account types

The minimum deposit for easyMarkets is $100. The minimum deposit for USGFX is $100.

  • 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.
  • USGFX offers four account types. These are Mini, Standard, VIP and Pro-ECN. The minimum deposit for the Mini account is $100, the minimum deposit for the Standard account is $10,000, and the minimum deposit for both the VIP and Pro-ECN accounts are $50,000. The different account types can offer lower spreads, with the lowest being available on the VIP account. All account types have a minimum trade size of 0.01 lots.
  • USGFX provides Trading Central, the Recognia Trading System (which provides trading ideas), analysis, one on one coaching and an Education Center on its website with webinars, seminars, a trading guide and Blog, along with contests.

Markets

  • easyMarkets offers Forex, Indices, Energy, Cryptocurrencies, Metals, Soft Commodities and Options, with 200+ available.
  • USGFX offers Forex, Indices, Energy, Cryptocurrencies and Precious Metals, with 60+ available.

Cryptocurrency CFDs

  • easyMarkets offers Bitcoin, Ethereum and Ripple.
  • USGFX offers Bitcoin.

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.
  • USGFX offers variable spreads. On the Mini account, EUR/USD is from 2.8, on the Standard account EUR/USD is from 2.2, on the Pro-ECN account EUR/USD is from 1.5 and on the VIP account EUR/USD is from 1.3.
  • USGFX offers Gold spreads from 0.50 on all accounts except VIP, where they are from 0.36. US Oil spreads are from 0.027, plus commission.

The maximum leverage for easyMarkets (CySEC regulated) is . The maximum leverage for easyMarkets (ASIC regulated) is 400:1. USGFX's maximum leverage is 500:1, except on the Pro-ECN account where it is 100:1.

Commissions

  • easyMarkets does not charge commissions.
  • USGFX does not charge commissions for Forex or Precious Metals. It does charge commissions of $5 per lot per side for CFDs.

Platforms

easyMarkets offers a web trader and MT4. USGFX offers MT4 and MT5.

Comparison summary

  • Both brokers offer CFD trading
  • easyMarkets has a particularly large number of Forex pairs (and more markets)
  • USGFX has a competitive number of markets for an STP/ECN broker
  • Neither charges commissions for trading Forex
  • Both offer lower spreads with account types requiring a higher minimum deposit
  • easyMarkets has fixed spreads, USGFX has variable spreads
  • Both are regulated

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