easyMarkets versus UFX - Compare two Brokers

easyMarkets versus UFX - Compare two Brokers

easyMarkets versus UFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, Web Trader & Apps200+CySEC, ASIC
$100MT5, ParagonEx450+CySEC

easyMarkets and UFX Comparison

These brokers provide support for traders who execute their own trades. Both have fixed spreads, which can be lower with account types requiring a higher minimum deposit. Each has a web trader. UFX offers ParagonEx, which has a particularly clear layout (but arguably so does easyMarkets's web trader) but also provdes crowd trading.

ParagonEx's crowd trading feed provides news about market events and shows the reactions of other traders to these events. This allows the trader to inform their decisions with the activity of the crowd. Both brokers also support automated trading, as each provides MetaTrader (MT4 at easyMarkets and MT5 at UFX).

easyMarkets can offer a greater number of Forex pairs, though UFX has more markets to trade overall. Both provide fixed spreads.

easyMarkets is regulated by the CySEC in Cyprus and the Australian ASIC. UFX is regulated by the CySEC in Cyprus.

Quick comparison

Both brokers are fixed spread brokers offering web traders. UFX's web trader also has a crowd trading news feed. easyMarkets additionally offers MT4, while UFX additionally provides MT5.

Minimum deposit and account types

The minimum deposit for easyMarkets is $100. The minimum deposit for UFX 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.
  • UFX provides six account types, Micro/Mini, Mini, Standard, Gold, Platinum and Islamic. The minimum initial deposit is $100 for the Micro/Mini account, $500 for the Mini account, $1000 for the Islamic and Standard accounts, $5000 for the Gold account and $10,000 for the Platinum account. The minimum trade size ranges from 0.0025 lots for the Micro/Mini account to 1 lot for the Platinum account.
  • All UFX account types offer daily market reviews, a video library, daily recommendations and 24hr live support. Mini, Standard, Gold and Platinum accounts also have VIP trading support. Standard, Gold and Platinum additionally receive exclusive updates. Gold and Platinum also have access to MT5. Trading Central is available for traders who deposit at least $1000 into their account.

Markets

  • easyMarkets offers Currency Pairs, Commodities, Indices, Stocks, Cryptocurrencies and Options.
  • UFX offers Currency Pairs, Commodities, Indices, Stocks and ETFs.

easyMarkets offers 200+ CFDs to trade, UFX offers 450+ CFDs. easyMarkets does not offer Stocks but has a larger number of Forex products.

Cryptocurrency CFDs

  • easyMarkets provides Bitcoin, Ethereum and Ripple.

Leverage and spreads

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

easyMarkets offers fixed Forex spreads from 1 without a commission charge, while UFX provides fixed Forex spreads from 2 without a commission charge.

Online trading platforms

Each broker provide user friendly web traders. easyMarkets additionally offers MT4. UFX additionally provides MT5. Both offer mobile trading apps.

Why easyMarkets or UFX ?

Traders who want to trade on a user friendly web trader may do so at either broker. UFX adds crowd trading to its news feed, allowing the trader to use information about other traders. easyMarkets additionally provides MT4, while UFX additionally offers MT5.

Comparison summary

  • Each broker offers CFD trading
  • easyMarkets provides MT4
  • UFX offers MT5
  • Each provides user friendly web traders and apps
  • Both have a news feed
  • UFX offers a crowd trading news feed

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