How do FOREX.com and easyMarkets stack up against each other?

The Radar Chart below highlights how the brokers stack up against each other across various metrics. The highest score a broker can receive in each area is 5.

At FxScouts, we help traders find the broker that suits their trading needs. In many cases, the best way to achieve this is to compare brokers side-by-side.

To compare FOREX.com and easyMarkets, we used the same factors we use when reviewing brokers: The trust and regulation of the broker, the trading platform, the costs and trading conditions, and the level of education and market analysis available at the broker.

Does FOREX.com or easyMarkets have a better trust and regulation rating?

Trust and regulation are some of the most important factors to consider when choosing a Forex broker. Trust in the Forex trading business is almost entirely founded upon regulation. We spend many hours evaluating the safety of each broker by delving into their fine print and confirming each one of their regulatory licences on the online registers. The more top-tier authorities a broker is regulated by, the higher its trust rating.

In our comparison, we found that FOREX.com holds one Tier 1 and no Tier 2 licences, and easyMarkets holds two Tier 1 and no Tier 2 licences.

 

Is FOREX.com financially regulated?

Yes FOREX.com was founded in 2001 and is regulated by FCA.

 

Is easyMarkets financially regulated?

Yes easyMarkets was founded in 2001 and is regulated by ASIC, B.V.I FSC, CySEC and FSA-Seychelles.

 

Based on these findings, FOREX.com earned a higher trust rating than easyMarkets.

Does FOREX.com or easyMarkets have lower costs?

Another important aspect we consider when comparing brokers is the cost of trading. When evaluating trading costs, we always consider the minimum deposit required to open an account and the ongoing trading costs, including the spreads and commissions. When calculating trading costs, we measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit. The cost includes both the spread and any commission charged. 

Not all brokers publish their trading costs, so we often open accounts and trade on their platforms to verify the spreads and commissions. Based on our reviews, we found that FOREX.com has overall lower trading costs than easyMarkets. 

 

Does FOREX.com or easyMarkets offer a better choice of trading platforms?

Traders want Forex brokers to offer them a choice of trading platforms, so we give brokers who offer multiple platforms higher ratings. Trading platforms we consider include MetaTrader4, MetaTrader5, cTrader and proprietary mobile and web-based platforms. 

In this case, 0 offers support for and 0 offers support for . 

Do the brokers offer copy trading?

In this case both easyMarkets and FOREX.com offer copy trading.

 

Which broker offers a better choice of trading instruments?

A variety of CFD instruments – and a large range of CFDs for each instrument category allow traders more opportunities for profitable trading. The best brokers will have thousands of CFDs to trade, covering all these instrument categories. We found that FOREX.com offers a greater range and depth of instruments to trade than easyMarkets. FOREX.com offers 91 Forex pairs to trade and easyMarkets offers 63 Forex pairs to trade.

And what about Cryptocurrencies?

In this case, easyMarkets offers 20 cryptocurrencies while FOREX.com offers 0 cryptocurrencies. So if you want to trade cryptocurrencies, we advise trading with easyMarkets.

Which broker offers better deposit and withdrawal processes?

Although brokers may have reasonable trading fees, many traders are caught out by the high non-trading fees charged by some brokers, including deposits and withdrawals. Traders want to be able to deposit and withdraw funds quickly and cheaply. Most brokers have multiple funding methods with zero fees for making deposits, but some brokers make it more expensive and take longer to process withdrawals. 

We rate brokers more highly that process withdrawals within 24 hours by multiple withdrawal methods and without charging processing fees. We found that FOREX.com charges a withdrawal fee and easyMarkets does not. Overall, 0 has better deposit and withdrawal processes than 0. 

Which broker offers better educational support?

We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas. 

easyMarkets and FOREX.com both have very good educational support. Both easyMarkets and FOREX.com offer educational support for more experienced traders.

 

Which broker offers better market analysis materials?

To successfully predict the price movements of an instrument, traders will need access to frequent market research and analysis. We find that research and market analysis are always better when they are produced in-house and updated frequently. Third-party resources don’t show the same expertise in trading ideas, so we place a strong emphasis on frequent in-house updates. Some brokers also often offer interactive webinars where traders can learn from experts in the field. 

We found that FOREX.com offers better research analysis than easyMarkets and that both easyMarkets and FOREX.com offer frequent webinars.

 

Our overall Verdict on FOREX.com

Founded in 2001, FOREX.com is an FCA-regulated broker with a 100 GBP minimum deposit suitable for serious beginners and more experienced traders. The Standard and MT4 accounts have slightly higher costs than entry-level accounts at other popular UK brokers, with spreads usually averaging about 1 pip on the EUR/USD. Experienced traders will like the DMA account with a minimum deposit of 25,000 GBP but raw spreads (0.0 pips on the EUR/USD) and some of the lowest commissions in the industry. 

FOREX.com provides support for MT4, TradingView, and its own trading platform. Experienced traders will appreciate the range of trading tools, including Trading Central, SMART Signals, and subsidised VPS hosting. Education and market analysis are both excellent, and traders will appreciate the wide range of tradable assets, including over 91 currency pairs, 5500 share CFDs, commodities, indices, precious metals, and cryptocurrencies.

Overall, while lower spreads can be found at other brokers, FOREX.com ticks all the boxes for those looking for a wide range of assets to trade and a choice of trading platforms.

Our overall Verdict on easyMarkets

Founded in 2001, easyMarkets was the first Forex broker to introduce negative balance protection and a guaranteed stop-loss. It has continued to innovate with unique tools such as easyTrade, Freeze Rate, and dealCancellation to help traders manage their risk.

The main draw for beginner traders is easyMarkets’ well-designed trading platform, which integrates with TradingView and comes with all the tools mentioned above. easyMarkets’ also offers the MT4 and MT5 platforms, providing traders with ample choice. 

easyMarkets offers seven live accounts with higher-than-average minimum deposits and trading costs that vary between 0.7 and 1.8 pips (EUR/USD), which is high for the industry.  However, traders will appreciate the fact that easyMarkets offers fixed spreads on most of its accounts, making it easy to calculate its trading costs.  

Other than its trading costs, the only other drawback we found with easyMarkets is the lack of focus on more experienced traders. While easyMarkets provides good educational materials, it provides no advanced trading tools and virtually no market analysis. 

Which broker has the highest overall rating?

FOREX.com has an overall rating of 4.62 and easyMarkets has an overall rating of 4.02. For more detail please read our reviews of FOREX.com and easyMarkets.