FXCM vs easyMarkets: Which One Is Best?

2. easyMarkets: Better Trading Platform

FXCM offers MetaTrader 4, TradingView, and Trading Station, while easyMarkets provides both MT4 and MT5, along with their easyMarkets proprietary platform.

MetaTrader 4 and 5

Traders can choose between MetaTrader 4 and 5, as easyMarkets supports both platforms to cater to different trading styles. On the other hand, FXCM only provides MetaTrader 4.

cTrader and TradingView

FXCM also offers TradingView but no cTrader. easyMarkets offers neither.

Social And Copy Trading

Both brokers offer social and copy trading features, allowing traders to follow and copy the trades of successful traders.

VPS and Other Trading Tools

FXCM offers VPS services and other trading tools, such as Trading Central, for market analysis. easyMarkets does not offer these additional tools.

Verdict

easyMarkets‘ wider range of trading platforms and additional trading tools make it the better choice for traders seeking a comprehensive trading environment.

FXCM ReviewVisit FXCM

*Your capital is at risk ‘67% of retail CFD accounts lose money’

3. FXCM: Superior Accounts And Features

FXCM offers a simple account structure with the Standard Account being the preferred choice for most clients, while Active Traders is designed for high-volume traders who want to decrease costs. easyMarkets offers three account types: Standard, Premium, and VIP. All accounts have no commission fees, but Premium and VIP accounts require higher minimum deposits and offer tighter spreads.

FXCM Account Types:

• Demo Account: Unlimited use, ideal for practice.
• Standard Account: Suitable for casual traders with a minimum deposit requirement ranging from $50 to $300, depending on the regulatory region. Access over 100 assets, including forex, commodities, and cryptocurrencies with floating spreads starting from 1.3 pips.
• Active Trader Account: Designed for high-volume traders with dedicated support and up to 2 free withdrawals monthly. Spreads start from 1.3 pips.
• Spread Betting Account: Traders in the UK can place bets on a variety of markets starting at just 7p per point.
• Professional Account: For expert traders, offering leverage up to 1:200 and a cash rebate program. Requires meeting certain conditions for eligibility.
• Islamic Account: Provides services that cater to Muslim traders, with no rollover fees. However,  additional markup may apply.

easyMarkets Account Types:

• Demo Account: Unlimited access for practice.
• Standard Account: Best for casual traders, with fixed spreads from 1.8 pips and a minimum deposit of $25-$200; offers over 200 assets, including forex, shares, and crypto.
• VIP Account: Tailored for experienced traders, with fixed spreads starting from 0.8 pips and a dedicated account manager. Requires a $10,000 minimum deposit.
• Premium Account: Also for experienced traders, with fixed spreads from 1.5 pips and a minimum deposit of $25.
• MT4/MT5 Accounts: Specialised accounts for forex and non-forex traders, offering tight spreads and access to a wide range of markets.
• Professional Account: For high-level traders, offering higher leverage and advanced tools.
• Islamic Account: Designed for Muslim traders, with no rollover fees on CFDs.
• μBTC Account: A unique offering for crypto traders, allowing trading in over 275 CFD instruments with bitcoin.

Verdict

Both FXCM and easyMarkets provide comprehensive account options catering to various trader needs. Overall, FXCM might offer better versatility for traders looking for specialised accounts, while easyMarkets excels in providing innovative trading features and lower entry requirements for casual traders.

FXCM ReviewVisit FXCM

*Your capital is at risk ‘67% of retail CFD accounts lose money’

4. FXCM: Best Trading Experience And Ease

FXCM offers advanced charting tools that are intuitive for both novice and professional traders, while easyMarkets provides a straightforward and user-friendly interface with unique features like dealCancellation and Freeze Rate.

• easyMarkets offers a no-slippage guarantee on its web platform and mobile app, ensuring that your trade is executed at the price you expect, without any surprises.
• The Trading Station platform by FXCM is highly customisable, allowing traders to tailor their trading environment to their personal preferences.
• easyMarkets provides free guaranteed stop loss on most trading instruments, adding an extra layer of risk management for your trades.

Verdict

For traders seeking greater depth and customisation in their trading tools, FXCM offers a more advanced and versatile platform, providing the best trading experience.

FXCM ReviewVisit FXCM

*Your capital is at risk ‘67% of retail CFD accounts lose money’

5. FXCM: Stronger Trust And Regulation

FXCM has a higher trust score of 78 overall, while easyMarkets has 58. Find out what factor kept FXCM ahead – regulation, reputation, or reviews.

FXCM Trust Score

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easyMarkets Trust Score

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Regulation

FXCM is regulated by five tier 1 and two tier 2 financial authorities. In contrast, easyMarkets is being regulated by two tier 1 and 2 tier 3 regulators.

Below is a comparison of the regulation of the two brokers with that of both ASIC Regulated Brokers.

Reputation

FXCM was founded in 1999 and publically listed status based in New York. easyMarkets was established in 2001 in Cyprus.

FXCM gets a monthly search volume of 38,100, while easyMarkets’ is quite low with just 6,600.

Reviews

Points were also awarded to FXCM based on its positive TrustPilot review of 4.5 based on 455 reviews. easyMarkets has a similar score to FXCM, receiving 4.5 stars from 1,560 reviews.

Verdict

FXCM is the more trusted broker with a trust score of 78 vs 58 for easyMarkets primarily due to greater regulation and the fact it’s publically listed.

FXCM ReviewVisit FXCM

*Your capital is at risk ‘67% of retail CFD accounts lose money’

6. FXCM: Top Product Range And CFD Markets

FXCM has more diverse products, with over 440, while easyMarkets has around 203+.

FXCM is renowned for its extensive selection of CFDs, appealing to traders looking for wide market coverage. Their offerings include but are not limited to:

• Forex: A comprehensive list of major, minor, and exotic currency pairs, including EUR/USD, USD/JPY, GBP/USD, and USD/CHF.
• Indices:  When trading indices with any type of FXCM account, you only need to pay the spread. Additionally, you can enjoy low spreads on indices and unrestricted stop and limit orders.
• Commodities:  You can speculate on the price movements of metals, oil, and gas, similar to forex trading. All you need to know is the symbol and contract size for the product you want to trade.
• Cryptocurrencies: Trading Crypto CFDs allows you to use only a fraction of the capital. Individual equities for retail clients are available with leverage of approximately 4:1. If you decide to open a trade valued at $100, you will need to have a margin of approximately $25. The margin requirements for each share are updated on a daily basis.

FXCM’s platform provides advanced trading tools and features for both experienced traders and newcomers to the market. Their technology enables advanced analysis and strategy implementation, making it a top choice for CFD traders.

easyMarkets, on the other hand, prioritises simplicity and risk management in its CFD offerings. Their product range includes:

• Forex: The most popular currency pairs traded include EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF, NZD/USD, and USD/CAD.
• Indices:  You don’t have to own the stocks to trade them. Some stock market indices, like the Nasdaq, are made up of companies that belong to a specific category. For instance, the Nasdaq includes non-financial companies such as Apple, Amazon, Intel, and more.
• Commodities: Commodities may be grouped together, but they are actually a diverse range of products. Oil, natural gas, heating oil, gas oil, and crude oil – these are industrial products. In addition, there are agricultural commodities such as wheat, soybeans, sugar, coffee, cocoa, corn, and cotton. There are various factors that influence the price of goods or services, but the law of supply and demand mainly determines their value.

For traders who prioritise simplicity and safety over extensive market access, easyMarkets is an attractive option despite its narrower range of CFDs compared to FXCM, thanks to its user-friendly features and risk management tools.

Comparative Table of CFD Offerings:

Verdict

FXCM offers a broader and more diverse range of CFDs, catering to traders looking for extensive market access and advanced trading capabilities.

FXCM ReviewVisit FXCM

*Your capital is at risk ‘67% of retail CFD accounts lose money’

7. FXCM: Superior Educational Resources

Both FXCM and easyMarkets offer educational resources for traders of all levels, including webinars, video tutorials, and market analysis. Here’s a quick rundown:

• FXCM provides webinars that cover a wide range of trading topics, from beginner to advanced strategies.
• easyMarkets offers an extensive collection of easily accessible eBooks that cover various trading topics.
• FXCM offers a vast library of video tutorials aimed at simplifying complex trading concepts for traders.
• easyMarkets has a comprehensive FAQ section that provides answers to frequently asked trading questions.
• FXCM delivers daily market analysis to assist traders in making informed decisions.
• easyMarkets presents trading charts and indicators as part of its educational resources.

Verdict

FXCM offers a stronger educational experience than easyMarkets with a score of 5 compared to easyMarkets’ 4.5. That said, we found easyMarkets was better for those new to trading.

FXCM ReviewVisit FXCM

*Your capital is at risk ‘67% of retail CFD accounts lose money’

8. easyMarkets: Superior Customer Service

Both FXCM and easyMarkets provide 24/5 customer support via phone, email, live chat, and WhatsApp (easyMarkets).

Verdict

While both brokers offer excellent customer service, easyMarkets‘ additional support via WhatsApp gives it a slight edge over FXCM.

easyMarkets ReviewVisit easyMarkets

9. FXCM: Better Funding Options

FXCM offers a wider variety of payment methods, including PayPal, which is notably absent in easyMarkets. On the other hand, easyMarkets supports a wide range of base currencies, making it more flexible for international traders.

FXCM doesn’t fall far behind, though. It supports a variety of payment methods, but its higher overall score sets it apart in our testing. This indicates that FXCM may be a more trustworthy option for traders who value a variety of funding alternatives.

Verdict

Based on our testing, FXCM offers a more diverse range of funding options, making it more flexible.

FXCM ReviewVisit FXCM

*Your capital is at risk ‘67% of retail CFD accounts lose money’

10. FXCM: Lower Minimum Deposit

FXCM requires a lower minimum deposit amounting to $50 than easyMarkets, which requires $200. While FXCM has a relatively low barrier to entry with a standard minimum deposit of $50, it only requires $50 for each subsequent deposit. This makes it accessible for traders who might not have a large amount of capital to start with.

easyMarkets offers different account types with varying minimum deposit requirements. The VIP account has a minimum deposit of $10,000, while the Premium account requires $3,000. However, their Standard and MT4/MT5 accounts require a minimum deposit of $200, which is lower than FXCM’s standard account.

Verdict

When it comes to lower minimum deposit requirements, FXCM takes the lead with its Standard accounts requiring only $50, making it more accessible for traders with limited capital.

FXCM ReviewVisit FXCM

*Your capital is at risk ‘67% of retail CFD accounts lose money’

Is FXCM Or EasyMarkets The Superior Broker?

FXCM is the winner because it outperforms easyMarkets in most of the key areas that matter to traders, from spreads and fees to educational resources. The table below summarises the key information leading to this verdict.

easyMarkets: Best For Beginner Traders

easyMarkets is better suited for beginner traders due to the customer support and educational resources being more suited to those new to forex trading. A downside, though, is the higher minimum deposit of $200.

FXCM: Best For Experienced Traders

FXCM is the better choice for experienced traders, offering a more comprehensive range of products and superior trading platforms.

FXCM ReviewVisit FXCM

*Your capital is at risk ‘67% of retail CFD accounts lose money’