Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare CMC Markets vs easyMarkets.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. CMC Markets received a rating of 5.00 stars over easyMarkets's 3.00 stars.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. CMC Markets alongside easyMarkets are regulated in a major hub. CMC Markets is a publicly traded company, easyMarkets isn't. How many currency pairs are available to trade? easyMarkets trails CMC Markets by 86 total currency pairs (for example, EUR/USD), with CMC Markets offering 183 and easyMarkets offering 97.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. easyMarkets makes Meta Trader available to clients, while CMC Markets does not. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. easyMarkets offers its clients access to 31 charting tools while CMC Markets has 24 charting tools, a difference of 7. CMC Markets boasts an offering of 74 different indicators (for example, moving averages) compared to easyMarkets's 51 available indicators.
Overall, CMC Markets comes out on top with 4.50 stars over easyMarkets's 4.00 stars. And, when it comes to individual category awards, CMC Markets was rated Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Active Trading and Best in Class - Mobile Trading in 2018, while easyMarkets was rated none of these.