FP Markets vs easyMarkets: Which One Is Best?

2. FP Markets: Better Trading Platforms

FP Markets offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader and the IRESS platform, catering to a range of traders from beginners to advanced, while easyMarkets provides MT4 and MT5, along with a user-friendly proprietary platform.

Both Brokers Offer MetaTrader 

FP Markets and easyMarkets both support the widely used MT4 and MT5 platforms, appealing to a broad range of traders due to their comprehensive features, including advanced charting tools, automated trading capabilities with Expert Advisors, and extensive back-testing environments. FP Markets enhances its MetaTrader offering with add-ons such as Autochartist and the Traders Toolbox, which provide valuable market insights and additional trading tools.

TradingView Integration 

Both FP Markets and easyMarkets offer TradingView integration for advanced charting and social networking among traders. This feature provides access to a wide range of technical indicators and drawing tools, enhancing the trading experience with powerful market analysis directly on their platforms.

Other FP Markets Platforms and Tools

Beyond MetaTrader, FP Markets offers the cTrader platform, known for its intuitive interface and advanced order capabilities, and the IRESS platform, which is tailored for more experienced traders with access to direct market equities.

Please note, cTrader is not available to Australian traders yet, and only offered via FP Markets internationally regulated branch.

FP Markets also integrates social and copy trading options, including Myfxbook, catering to traders interested in mirroring the trading strategies of their peers.

easyMarkets Risk Management Tools 

As a market maker, easyMarkets’ proprietary platform offers distinctive risk management tools not commonly available with no dealing desk brokers. These features are designed to provide traders with greater control over their trading risks:

• Guaranteed Stop Loss Orders: Set a stop loss at a guaranteed price, protecting against market volatility.
• DealCancellation: Cancel a losing trade within a set timeframe for a fee, reducing risk of loss.
• Freeze Rate: “Freeze” a price momentarily to execute trades in fast-moving markets.
• easyTrade: Define maximum risk and potential payout upfront, with no spreads and fixed-duration trades.

Verdict

EasyMarkets offers key features like Guaranteed Stop Loss Orders and DealCancellation, ideal for new traders and those in volatile markets. Yet, FP Markets leads with a wider choice of trading platforms and tools, making it the top option for platform variety.

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3. FP Markets: Superior Accounts And Features

FP Markets provides two principal account types: the Standard and Raw Accounts, catering to diverse trading preferences with differences primarily in commission fees and spreads. In contrast, easyMarkets offers a tiered account system comprising Standard, Premium, and VIP accounts, all of which operate without commission. The Premium and VIP accounts feature tighter spreads but require higher minimum deposits.

These account levels are accessible on easyMarkets’ proprietary platform and MT4, while their MT5 account offers variable spreads, with the tier system not applicable.

Swap-Free Accounts

Both FP Markets and easyMarkets accommodate Islamic traders by offering swap-free accounts, ensuring compliance with Sharia law. Instead of interest-based overnight financing fees, traders incur flat-rate administrative charges for holding positions over extended periods.

Verdict

FP Markets wins this round due to its simple and flexible account offerings that cater to different trading styles and cost preferences. However, easyMarkets could be a better choice for traders who prefer a commission-free pricing model and fixed spreads.

FP Markets ReviewVisit FP Markets

4. FP Markets: Best Trading Experience And Ease

FP Markets is known for quick execution speeds thanks to its no dealing desk model and Equinix data servers in New York, while  easyMarkets delivers a stable and predictable trading environment with fixed spreads and strong risk management tools.

To determine the fastest execution speeds, we examined over 20 leading brokers on MetaTrader 4, aiming to set an industry benchmark and compare the trading conditions of FP Markets and easyMarkets. Through the use of demo accounts and Expert Advisors (EAs), we meticulously assessed the speed at which limit and market orders were executed.

The results revealed that while easyMarkets’ execution speeds for both limit and market orders lag behind the industry average, FP Markets’ market orders are 32% faster than the industry norm.

Verdict

FP Markets outperforms with execution speeds 32% above the industry average, while EasyMarkets offers stability but falls behind when it comes to speed and trading conditions.

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5. Tie: Stronger Trust And Regulation

Both brokers provide a similar level of trustworthiness asked on regulation, reputation, and reviews, with FP Markets trust score 60 vs 58 for easyMarkets.

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Regulation

Both brokers are regulated by multiple tier-1 financial authorities including Australian Securities and Investments Commission (ASIC and the Cyprus Securities and Exchange Commission (CySEC).

In addition to their top-tier regulators, both online brokers are licensed by various offshore financial authorities as well.

Reputation

FP Markets, set up in 2005 in Sydney, Australia, is particularly strong in the Australian market, while easyMarkets, started in 2001 in Cyprus, is known more as a European broker.

Although easyMarkets was established earlier, it has a lower search volume of 6,600 per month, while FP Markets receives more online interest with 27,100 monthly searches.

Reviews

FP Markets has an excellent TrustPilot score of 4.9 out of 5.0 from 5,478 reviews, while easyMarkets has a strong score of 4.5 from 1,560 reviews.

Verdict

It’s a tie in this section. Both FP Markets and easyMarkets are well-regulated brokers that comply with strict regulatory standards, offering traders a secure and reliable trading environment.

easyMarkets ReviewVisit easyMarkets

6. Tie: CFD Product Range And Financial Markets

FP Markets offers more diverse financial market access with over 10,000 CFD products, compared to easyMarkets, which provides access to more than 203 CFDs.

Both brokers provide access to a similar number of over forex pairs, catering to currency traders equally. However, they diverge significantly in other asset categories, highlighting their unique strengths.

EasyMarkets has an advantage in the cryptocurrency space, offering 20 options compared to FP Markets’ 11, making it a top broker for crypto enthusiasts. On the other hand, FP Markets provides access to over 10,000 stocks, far surpassing easyMarkets’ 65, which positions it as a better option if you are looking to explore stock markets.

While easyMarkets leads with a broader selection of 27 indices versus FP Markets’ 22, FP Markets expands its portfolio with exclusive offerings of 45 ETFs and 2 bonds, assets not available through easyMarkets. In the commodities and metals categories, easyMarkets slightly outpaces FP Markets by offering 12 commodities and 19 metals, against FP Markets’ 9 in each.

Verdict

With over 10,000 CFD products, FP Markets far exceeds easyMarkets’ offering of 203+, making it the go-to for traders seeking extensive financial market access.

FP Markets ReviewVisit FP Markets

7. Tie: Superior Educational Resources

FP Markets and easyMarkets both provide a wealth of educational resources, including webinars, ebooks, trading guides, and market analysis.

FP Markets enriches traders with a wide array of webinars across all levels, an extensive collection of ebooks, and insightful articles on various trading strategies. Conversely, easyMarkets offers detailed trading guides, personalised support through personal account managers, and timely market news and analysis to keep traders informed.

While FP Markets excels in offering a broad educational library, easyMarkets focuses on personalised learning and up-to-date market insights, making both brokers strong contenders for traders seeking comprehensive educational support.

Verdict

FP Markets and easyMarkets both offer strong educational resources with webinars, books, and trading guides available.

FP Markets ReviewVisit FP Markets

8. Tie: Superior Customer Service

FP Markets provides customer support around the clock, 24/7, via phone, email, and live chat, while easyMarkets offers similar channels of support but operates 24/5.

EasyMarkets is known for its professional and prompt customer service. FP Markets, on the other hand, provides support in 12 different languages and engages with customers via social media.

While FP Markets offers round-the-clock support, the provision of a personal account manager by easyMarkets to all its traders stands out as a unique feature, offering tailored assistance that many traders value highly.

Verdict

This category ends in a tie. Both brokers excel in customer service, each bringing valuable features to the table.

easyMarkets ReviewVisit easyMarkets

9. easyMarkets: Better Funding Options

Both FP Markets and easyMarkets offer a variety of funding methods without imposing deposit or withdrawal fees, ensuring accessible and cost-effective account management for traders.

FP Markets accommodates its clients with options like bank transfers, credit/debit cards, and e-wallets including Skrill and Neteller, catering to a global audience with its diverse payment solutions.

In contrast, easyMarkets expands on these traditional methods by also incorporating WebMoney and local bank transfers, providing additional convenience for traders in specific regions.

Verdict

easyMarkets provides a broader range of funding options, making it more flexible for traders with different preferences.

easyMarkets ReviewVisit easyMarkets

10. easyMarkets: Lower Minimum Deposit

Comparing the lowest minimum deposits, FP Markets requires 100 AUD for its MT4/MT5 Standard and Raw accounts, while easyMarkets offers a lower entry point at 25 USD for its Standard accounts on the easyMarkets Platform, MT4, and MT5.

FP Markets presents a straightforward approach with a consistent minimum deposit of 100 AUD for both its MT4/MT5 Standard and Raw accounts, aiming to make access to trading accessible. For traders seeking more advanced features, FP Markets’ Iress account demands a higher minimum deposit of 1000 AUD, reflecting its tailored services for professional traders.

On the other hand, easyMarkets structures its accounts to cater to a wide range of traders, from beginners to VIPs. The Standard accounts across its platforms are highly accessible with a minimum deposit of 25 USD, making it an attractive option for new traders. For those looking for enhanced features and services, easyMarkets sets the bar higher with minimum deposits of 2,000 USD for Premium and 10,000 USD for VIP accounts on its easyMarkets Platform and MT4.

Verdict

easyMarkets stands out for new traders with its lower minimum deposit of 25 USD for Standard accounts, making it a more accessible choice compared to FP Markets’ 100 AUD minimum.

FP Markets ReviewVisit FP Markets

So Is easyMarkets or FP Markets The Best Broker?

FP Markets is the winner because it outperforms easyMarkets in most of the key areas that matter to traders, including spreads, trading platforms, financial market access, and more. The table below summarises the key information leading to this verdict:

FP Markets: Best For Beginner Traders

FP Markets is the better choice for beginner traders due to its lower minimum deposit and comprehensive educational resources.

FP Markets: Best For Experienced Traders

FP Markets is also the better option for experienced traders, offering a wider range of products and advanced trading platforms.