easyMarkets versus UFX - Compare two Brokers

easyMarkets versus UFX - Compare two Brokers

easyMarkets versus UFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, Web Trader & Apps300+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. Both offer a range of CFDs, including cryptocurrencies (though UFX has a relatively wide range available).

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, Cryptocurrencies, Stocks and ETFs.

easyMarkets offers 300+ 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. However UFX offers more Cryptocurrency CFDs.

Cryptocurrency CFDs

  • easyMarkets provides Bitcoin, Ethereum and Ripple.
  • UFX provides Bitcoin, Ethereum, Ripple, Bitcoin Cash, Bitcoin Gold, Ethereum Classic, Litecoin, Dash, Monero, EOS, OmiseGO, Iota, Zcash, Aventus, QTUM, Neo, YOYOW, ETP, Santiment, Streamr, Eidoo and QASH.

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.

Platform

easyMarkets offers over 40 technical indicators, UFX offers over 50 technical indicators. easyMarkets offer candlestick, OHLC and line charts. UFX offers candlestick, OHLC, line, hollow candles, Heikin-Ashi, Bar Forest, area, HLC, coloured bar HLC, dot chart and line dot charts.

easyMarkets offers time frames from 1 minute to 1 week, UFX offers time frames from tick to 1 month. Both brokers offer micro lot trading and MT4 trading (but only for higher account types for UFX).

easyMarkets.com provides a newsfeed which is focused on market activity which may be of interest to traders, and UFX provides on its platform an enhanced newsfeed called MassInsights, which shows aggregated trader behavior for CFDs along with market events. Both easyMarkets and UFX say that account balances cannot go negative.

Comparison summary

  • Both brokers provide a range of account features, with premium features including personalised services
  • UFX offers the ParagonEx platform with crowd trading
  • Both brokers provide fixed spreads which get more competitive with higher deposit account types
  • UFX offers more Cryptocurrency CFDs
  • easyMarkets has a focus on Forex, offering more Currency Pairs and ways to trade them than UFX
  • UFX still has a solid offering of Currency Pairs and also provides Stocks CFDs

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