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 Platform & Apps, Web Trader300+FCA, ASIC, CFTC, IIROC, SFC, CIMA, FSA

easyMarkets and FOREX.com Comparison

These brokers each offer discretionary trading platform(s) 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. Both brokers allow the use of these EAs. Neither brokers charges commissions for trading Forex.

However a difference is that FOREX.com offers variable Forex spreads (which can have competitive spreads), while easyMarkets offers fixed spreads. To get low fixed spreads on easyMarkets, requires a minimum deposit higher than either brokers minimum deposit. Thus easyMarkets has a range of account types, with improved features, for higher minimum deposits.

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

Shared features: CFD trading, MT4, EAs, discretionary platforms, cryptocurrency CFDs, regulated. Differences: easyMarkets has fixed Forex spreads and a range of account types and they have different types of markets available.

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 and a Trader Education course on its website.

Markets

  • easyMarkets offers Forex, Indices, Energy, Metals, Soft Commodities, Cryptocurrencies and Options, with 200+ available.
  • On The Advanced Platform, FOREX.com offers Forex, Indices, Energy, Metals, Soft Commodities, Cryptocurrencies and Stocks, with 300+ available.
  • On MT4, FOREX.com offers Forex, Indices, Metals, Energy and Soft Commodities, with 110+ available.

Cryptocurrency CFDs

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

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 FOREX.com are variable or fixed depending on the market, with variable spreads from 1.4 for EUR/USD, a fixed spread of 1 for UK100, a typical variable spread of 0.61 for Gold and 0.04 for US Crude Oil.

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

Platforms

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

Comparison summary

  • Both brokers offer CFD trading
  • Both brokers provide MT4 and allow automated strategies (neither restricts EAs)
  • Each offers discretionary trading platforms
  • Both have a range of Cryptocurrency CFDs to trade
  • easyMarkets has fixed Forex spreads, which can be lower with higher account types
  • FOREX.com has competitive variable Forex spreads
  • Both are regulated

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