easyMarkets vs FOREX.com Comparison

easyMarkets vs FOREX.com Comparison

easyMarkets vs FOREX.com Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, Web Trader & Apps200+CySEC, ASIC
$50MT4, Advanced Trading Platform & Apps, Web Trader300+FCA, ASIC, CFTC, IIROC, SFC, CIMA, FSA

easyMarkets and FOREX.com Comparison

These brokers each offer discretionary trading platforms (for traders who execute their own trades) and MT4. While MT4 can be used for discretionary trading (it has charting and other tools), it also can be used to run automated trading strategies (EAs). Both brokers allow the use of EAs. Neither broker charges commissions for trading Forex.

Both brokers are regulated by the ASIC in Australia. easyMarkets is additionally regulated by the CySEC in Cyprus. FOREX.com is additionally regulated by the FCA in the United Kingdom, the CFTC in the United States, the IIROC in Canada, the SFC in Hong Kong, the CIMA in the Cayman Islands and the FSA in Japan.

Very quick comparison

Both brokers offer MT4 and user friendly web traders. FOREX.com additionally provides its downloaded Advanced Trading Platform and has a lower minimum deposit.

Minimum deposit and account types

The minimum deposit for easyMarkets is $100. The minimum deposit for FOREX.com is $/€/£50.

  • 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.
  • FOREX.com offers CFD trading. The minimum trade size is 0.01 lots. It has an Economic Calendar, Market Research and a news feed on its platforms, offers Autochartist and Trading Central and has a Trader Education course on its website.

Markets

  • easyMarkets offers Forex, Indices, Energy, Metals, Soft Commodities, Cryptocurrencies, Stocks and Options, with 200+ available.
  • FOREX.com offers Forex, Indices, Energy, Metals, Soft Commodities, Cryptocurrencies and Stocks, with 300+ available.

Cryptocurrency CFDs

  • easyMarkets offers Bitcoin, Ethereum and Ripple.
  • FOREX.com offers Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash.

Spreads and leverage

easyMarkets offers Forex spreads from 1 (fixed). FOREX.com provides Forex spreads from 0.8.

The maximum leverage for easyMarkets (CySEC regulated) is . The maximum leverage for FOREX.com (FCA regulated) is .

Online trading platforms

easyMarkets offers a web trader and MT4. FOREX.com offers the Advanced Trading Platform, a web trader, MT4 and an MT4 web trader.

Why easyMarkets or FOREX.com ?

Traders who want to trade on MT4 can do so at either broker. Traders who want to trade with a user friendly web trader may find this type of platform at either broker. Traders who want to execute automated trading strategies may use trading robots via MT4 at either broker. FOREX.com additionally provides its Advanced Trading Platform which lets the trader automate chart signals.

Comparison summary

  • Both brokers provide CFD trading
  • Each offers MT4
  • Both allow EAs
  • Each provides user friendly web traders
  • FOREX.com additionally provides its Advanced Trading Platform

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