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 regulations to help you choose the right broker.
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Our comprehensive comparison covers the 10 most important trading factors. Here are five key differences between FXCM and easyMarkets:
FXCM provides traders with variable spreads and a commission-based model, while easyMarkets offers fixed spreads without any commission fees.
To compare trading costs between these two brokers, try our FXCM vs easyMarkets fee calculator below. You can compare rates offered across different markets by adjusting currency pairs, lot sizes, and base currency.
FXCM Spreads
When compared to other brokers, the standard spreads offered by FXCM are typically in the middle range. The currency pairs AUD/USD and EUR/USD offer the most competitive spreads.
| Currency pair | Spread |
|---|---|
| EUR/USD | 0.7 |
| GBP/USD | 1.0 |
| AUD/USD | 0.9 |
| EUR/CHF | 2.4 |
| EUR/GBP | 1.3 |
easyMarkets Spreads
easyMarkets offers fixed spreads starting at 0.7 pips for EUR/USD on VIP accounts, with variations based on the chosen trading platform and account level. However, to achieve VIP status, you need to deposit at least USD 10,000, which may be unaffordable for many traders. easyMarkets’ standard account has higher spreads than FXCM, beginning at 1.7 pips.
| Platform | Spread Type | Standard | Premium | VIP |
|---|---|---|---|---|
| easyMarkets Platform | Fixed | 1.8 pips | 1.5 pips | 0.8 pips |
| TradingView | Fixed | 1.7 pips | 1.2 pips | 0.7 pips |
| MT4 | Fixed | 1.7 pips | 1.2 pips | 0.7 pips |
| MT5 | Variable | 0.5 pips |
The graph below shows the consensus data from various sources, with FXCM having lower spreads in all major currency pairs.
Standard Account Spreads
FXCM’s standard account offers competitive spreads, making it a cost-effective option for traders who prefer a spread-only pricing model. easyMarkets offers fixed spreads, which means that the cost of trading is predictable. This can help traders plan and manage their trading activities more effectively.
Commission Rates
FXCM charges a commission on its RAW account, while easyMarkets does not charge any commission on trades.
| Broker | Commission Fee | Spread Type | Overnight Funding Fees | Inactivity Fee |
|---|---|---|---|---|
| easyMarkets Fixed Spreads | No | Fixed | Yes | No |
| FXCM Standard Spreads | No | Variable | Yes | Yes |
| FXCM Raw Spreads | Yes | Variable | Yes | Yes |
Other Fees
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.
*Your capital is at risk ‘67% of retail CFD accounts lose money’
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.
| Criteria | FXCM | easyMarkets |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | No | Yes |
| cTrader | No | No |
| TradingView | Yes | No |
| Other Platforms | Trading Station | easyMarkets Trading |
| VPS Services | Yes | Yes |
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.
*Your capital is at risk ‘67% of retail CFD accounts lose money’
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.
| Account Type | Plus500 | FXCM |
|---|---|---|
| Demo Account | ✅ | ✅ |
| Standard Account | ✅ | ✅ |
| Active Trader Account | ✅ | ❌ |
| Professional Account | ✅ | ✅ |
| Islamic Account | ✅ | ✅ |
| VIP Account | ❌ | ✅ |
| Premium Account | ❌ | ✅ |
| μBTC Account | ❌ | ✅ |
FXCM Account Types:
easyMarkets Account Types:
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.
*Your capital is at risk ‘67% of retail CFD accounts lose money’
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.
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.
*Your capital is at risk ‘67% of retail CFD accounts lose money’
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
easyMarkets Trust Score
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 forex brokers.
| FXCM | easyMarkets | |
|---|---|---|
| Tier 1 Regulation | ASIC (Australia) FCA (UK) CYSEC (Cyprus) CIRO (CANADA) BaFin (Germany) |
ASIC (Australia) CYSEC (Cyprus) |
| Tier 2 Regulation | FSCA (South Africa) ISA (Israel) |
|
| Tier 3 Regulation | FSC-BVI FSA-S (Seychelles) |
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.
*Your capital is at risk ‘67% of retail CFD accounts lose money’
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:
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:
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:
| Feature | FXCM | EasyMarkets |
|---|---|---|
| Currency Pairs | 42+ | 62+ |
| Cryptocurrency CFDs* | 7+ | 17+ |
| Index CFDs | 13+ | 14+ |
| Share CFDs | 15+ | 26+ |
| Commodities CFD | 12+ | 31+ |
Verdict
FXCM offers a broader and more diverse range of CFDs, catering to traders looking for extensive market access and advanced trading capabilities.
*Your capital is at risk ‘67% of retail CFD accounts lose money’
Both FXCM and easyMarkets offer educational resources for traders of all levels, including webinars, video tutorials, and market analysis. Here’s a quick rundown:
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.
*Your capital is at risk ‘67% of retail CFD accounts lose money’
Both FXCM and easyMarkets provide 24/5 customer support via phone, email, live chat, and WhatsApp (easyMarkets).
| Criteria | FXCM | easyMarkets |
|---|---|---|
| Customer Service | 24/5 Phone, Email, Live Chat | 24/5 Phone, Email, Live Chat, WhatsApp |
Verdict
While both brokers offer excellent customer service, easyMarkets‘ additional support via WhatsApp gives it a slight edge over FXCM.
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.
| Funding Options | FXCM | EasyMarkets |
|---|---|---|
| Base Currencies | ✅ | ✅ |
| Visa/MasterCard | ✅ | ✅ |
| Wire Transfer | ✅ | ✅ |
| PayPal | ✅ | ❌ |
| Neteller | ✅ | ❌ |
| Skrill | ✅ | ✅ |
| Rapid Pay (EUR/GBP) | ❌ | ❌ |
| POLi / bPay (AU/NZ) | ✅ | ✅ |
| Klarna | ❌ | ❌ |
| Other Methods | ✅ | ✅ |
Verdict
Based on our testing, FXCM offers a more diverse range of funding options, making it more flexible.
*Your capital is at risk ‘67% of retail CFD accounts lose money’
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.
| GBP | USD | EUR | AUD | |
|---|---|---|---|---|
| Credit Card / Debit Card | £50 Minimum Deposit | $50 Minimum Deposit | €50 Minimum Deposit | $50 |
| Bank Wire | £50 Minimum Deposit | $50 Minimum Deposit | €50 Minimum Deposit | $50 |
| Skrill | £50 Minimum Deposit | $50 Minimum Deposit | €50 Minimum Deposit | $50 |
| Neteller | £50 Minimum Deposit | $50 Minimum Deposit | €50 Minimum Deposit | $50 |
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.
| easyMarkets Funding | Countries | Depositing Processing Time | Fee |
|---|---|---|---|
| Credit Card / Debit Card | All countries(subject to exclusions) | Instant | Free |
| AstroPay | All countries | Instant | Free |
| Local Bank Transfer | LATAM, Africa, India, Indonesia, Vietnam, Thailand, Malaysia | up to 24 hours | Free |
| WebMoney | All countries | 1 working day | Free |
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.
*Your capital is at risk ‘67% of retail CFD accounts lose money’
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.
| Criteria | FXCM | easyMarkets |
|---|---|---|
| Lowest Spreads And Fees | ✅ | ❌ |
| Better Trading Platform | ❌ | ✅ |
| Superior Accounts And Features | ✅ | ❌ |
| Best Trading Experience And Ease | ✅ | ❌ |
| Stronger Trust And Regulation | ✅ | ❌ |
| Top Product Range And CFD Markets | ✅ | ❌ |
| Superior Educational Resources | ✅ | ❌ |
| Superior Customer Service | ❌ | ✅ |
| Better Funding Options | ✅ | ❌ |
| Lower Minimum Deposit | ✅ | ❌ |
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 is the better choice for experienced traders, offering a more comprehensive range of products and superior trading platforms.
*Your capital is at risk ‘67% of retail CFD accounts lose money’
FXCM has lower costs compared to easyMarkets. FXCM offers more competitive spreads, making it a cost-effective choice for traders. For more detailed information on low-cost brokers, you can visit this low commissions awards page.
Both FXCM and easyMarkets support MetaTrader 4, but FXCM offers a more comprehensive range of features and tools on the platform. If you’re looking for the best MT4 experience, you can check out this list of best MT4 brokers.
Neither FXCM nor easyMarkets offer social or copy trading as a feature. If social trading is a key factor for you, you might want to explore other options. For more information, you can visit this list of best copy trading platforms.
FXCM offers spread betting, while easyMarkets does not. This makes FXCM a more versatile option for traders interested in this form of trading. For more on spread betting, you can check out this list of best spread betting brokers.
In my opinion, FXCM is the superior choice for Australian Forex traders. Both FXCM and easyMarkets are ASIC-regulated, but FXCM has a more comprehensive offering that suits the needs of Aussie traders. For more details, you can visit this list of Australian Forex brokers.
For UK traders, I’d recommend FXCM. Both brokers are FCA regulated, but FXCM’s broader range of services and platforms make it a more appealing choice for traders in the UK. For more information, you can check out this list of best UK trading platforms.
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