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
$100MT4, ParagonEx450+CySEC

easyMarkets and UFX Comparison

These brokers provide support for discretionary trading. 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 offers crowd trading.

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

Unlike easyMarkets, UFX has Shares CFDs on offer. easyMarkets though can offer a greater number of Forex pairs and products. Both provide fixed spreads.

easyMarkets is based in Cyprus and is regulated by the CySEC and the Australian ASIC. UFX is an STP broker also based in Cyprus and regulated by the CySEC.

Quick comparison

Both brokers provide MT4, but are fixed spread brokers offering web traders - UFX's web trader also has a crowd trading news feed.

Account types and minimum deposit

  • 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 have daily market reviews, a video library, daily recommendations and 24hr live support. All except the Micro/Mini account provide a personal trading coach. Standard, Gold and Platinum accounts also have VIP trading support and exclusive updates. Gold and Platinum additionally provide SMS trading alerts and access to MT4.

Markets

  • easyMarkets offers Currency Pairs, Commodities, Indices, 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, offering 136 Day Trade/Spot FX, 48 FX Forwards plus 58 Vanilla Options FX pairs, versus 50 Forex Pairs for UFX.

Cryptocurrency CFDs

  • easyMarkets provides Bitcoin, Ethereum and Ripple.

Leverage and spreads

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

  • 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 UFX are fixed under normal market conditions but vary according to the account type. The lowest spreads are for the Platinum account at 2 for EUR/USD, 0.50 for Gold and 0.05 for US Crude Oil. For the Micro/Mini account spreads are 4 for EUR/USD, 0.75 for Gold and 0.11 for US Crude Oil. For the Standard account spreads are 3 for EUR/USD, 0.65 for Gold and 0.07 for US Crude Oil.

Online trading platforms

Both brokers provide user friendly web traders. Each also offers MT4. Both provide 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. Both brokers provide MT4 as well.

Comparison summary

  • Each broker offers CFD trading
  • Both provide MT4
  • Each offers web traders and apps
  • Both have a news feed
  • UFX offers a crowd trading news feed

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