This FXCM and easyMarkets Forex broker comparison will help you decide which broker suits your needs. To compare the brokers, we cover trading accounts and costs, Forex platforms and regulation to help you choose the right broker.
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FXCM and easyMarkets, both renowned forex brokers, offer distinct features and services that cater to different types of traders. FXCM is known for its diverse range of trading platforms and advanced trading tools, while easyMarkets stands out with its user-friendly interface and robust risk management tools.
When it comes to trading costs, low commission forex brokers are a key factor to consider. This can include spreads, commissions, and any other fees that the broker may charge. Some brokers offer more competitive spreads than others, so it’s important to compare the trading costs of different brokers.
FXCM offers competitive spreads on its standard account, making it a cost-effective choice for traders who prefer a spread-only pricing model. On the other hand, easyMarkets offers fixed spreads, providing predictability in trading costs.
For traders seeking tighter spreads, FXCM’s RAW account offers lower spreads compared to easyMarkets.
FXCM charges a commission on its RAW account, while easyMarkets does not charge any commission on trades.
Both FXCM and easyMarkets do not charge any deposit or withdrawal fees, making it convenient for traders to manage their funds.
FXCM charges a rollover fee for positions held overnight, while easyMarkets does not charge any such fees.
Verdict: While both brokers offer competitive trading costs, FXCM’s lower spreads on the RAW account and the absence of deposit and withdrawal fees make it the more cost-effective option.
| Criteria | FXCM | easyMarkets |
|---|---|---|
| Standard Account Spreads | Competitive | Fixed |
| RAW Account Spreads | Lower | N/A |
| Commission Rates | Yes (RAW Account) | No |
| Deposit & Withdrawal Fees | No | No |
| Other Fees | Rollover Fees | No |
Trust and regulation are paramount in the world of forex trading. Both FXCM and easyMarkets are regulated by top-tier authorities, ensuring a high level of investor protection. FXCM is regulated by the ASIC, while easyMarkets is regulated by the CySEC.
Verdict: Both brokers are highly regulated, ensuring a high level of trust and security for traders. However, FXCM’s wider range of regulatory oversight gives it a slight edge over easyMarkets.
| Criteria | FXCM | easyMarkets |
|---|---|---|
| Regulation | ASIC, FCA, CIRO, ISA, FSCA, AMF, CySEC | ASIC, CySEC, FSC, FSA-S |
Trading platforms are the gateway to the forex market, and the quality of the platform can greatly affect your trading experience. FXCM offers the popular MetaTrader 4 platform, while easyMarkets provides a proprietary platform and the MetaTrader 4 platform.
FXCM supports both MetaTrader 4 and 5, allowing traders to choose the platform that best suits their trading style. easyMarkets, on the other hand, offers MetaTrader 4.
FXCM also offers cTrader and TradingView, providing advanced charting tools and a customizable trading environment. easyMarkets does not offer these platforms.
| Criteria | FXCM | easyMarkets |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | No | No |
| cTrader | No | No |
| TradingView | Yes | No |
| Other Platforms | Trading Station | easyMarkets Trading |
| VPS Services | Yes | Yes |
Both brokers offer social and copy trading features, allowing traders to follow and copy the trades of successful traders.
FXCM offers VPS services and other trading tools such as Trading Central for market analysis. easyMarkets does not offer these additional tools.
Verdict: FXCM’s wider range of trading platforms and additional trading tools make it the better choice for traders seeking a comprehensive trading environment.
FXCM is known for its fast execution speed, which is crucial for traders who employ high-frequency trading strategies. easyMarkets also offers reliable execution speeds, but it does not match the speed offered by FXCM.
Verdict: FXCM wins this category with its superior execution speed, providing an edge for traders who require quick order execution.
| Criteria | Execution Speed | Limit Order | Market Order |
|---|---|---|---|
| FXCM | Faster | 8 ms | 6 ms |
| easyMarkets | Reliable | 14 ms | 14 ms |
FXCM offers a variety of account types, including Standard and RAW accounts, catering to different types of traders. easyMarkets offers a simpler account structure with a Standard account and a VIP account.
Verdict: FXCM’s wider range of account types provides more flexibility for traders, making it the better choice in this category.
| Criteria | FXCM | easyMarkets |
|---|---|---|
| Account Types | Standard, RAW | Standard, VIP |
Both FXCM andeasyMarkets offer robust customer service. FXCM provides 24/5 customer support via phone, email, and live chat, while easyMarkets offers 24/5 support via phone, email, live chat, and even WhatsApp.
Verdict: While both brokers offer excellent customer service, easyMarkets’ additional support via WhatsApp gives it a slight edge over FXCM.
| Criteria | FXCM | easyMarkets |
|---|---|---|
| Customer Service | 24/5 Phone, Email, Live Chat | 24/5 Phone, Email, Live Chat, WhatsApp |
There are other factors to consider when choosing a broker.
FXCM requires a minimum deposit, making it accessible for beginner traders. easyMarkets also requires a minimum deposit, but it is higher than that of FXCM.
Both FXCM and easyMarkets offer a variety of payment methods, including credit/debit cards, bank transfers, and e-wallets.
FXCM offers a wider range of trading instruments, including forex, indices, commodities, and cryptocurrencies. easyMarkets also offers a variety of trading instruments, but it does not match the range offered by FXCM.
Verdict: FXCM’s lower minimum deposit and wider range of trading instruments make it the better choice in this category.
| Criteria | FXCM | easyMarkets |
|---|---|---|
| Minimum Deposit | Lower | Higher |
| Payment Methods | Multiple Options | Multiple Options |
| Trading Instruments | Wider Range | Variety |
| Forex CFD | 42 | 136 CFD, 48 Forwards, 58 Vanilla options |
| Shares CFD | 219 | 60 (Varies by trading platform) (US, EU, AU, JA, HK exchanges) |
| Cryptos CFD | 7 | 3 |
| Commodities CFD | 3 Metals 5 Energies 3 Softs |
5 Metals 5 Energies 7 Softs |
| Indices CFD | 16 | 14 |
| Bonds/Treasuries CFD | 1 | No |
| Spread Betting (UK only) | Yes | No |
| Other Products | No | No |
| Shares (underlying) | No | No |
Best For Beginner Traders: easyMarkets, with its user-friendly interface, robust customer support, and fixed spreads, is an excellent choice for beginner traders.
Best For Experienced Traders: FXCM, with its diverse range of trading platforms, advanced trading tools, and fast execution speed, is the ideal choice for experienced traders.
| Criteria | FXCM | easyMarkets |
|---|---|---|
| Beginner Traders | 4.5/5 | 5/5 |
| Experienced Traders | 5/5 | 4.5/5 |
easyMarkets is the best broker for beginner traders due to its user-friendly platform and fixed spreads.
FXCM offers a wider range of trading platforms, including MetaTrader 4 and 5, cTrader, and TradingView.
