To find the top fx brokers
, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare Coinbase vs easyMarkets.
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. easyMarkets is a better option with a 3.00 star rating over Coinbase's 2.50 star rating.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. easyMarkets is regulated in a major hub while Coinbase is not. Neither Coinbase and easyMarkets are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Coinbase trails easyMarkets by 97 total currency pairs (for example, EUR/USD), with easyMarkets offering 97 and Coinbase offering .
To round out our comparison of Coinbase vs easyMarkets, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. easyMarkets has Meta Trader, Coinbase doesn't. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. Coinbase trails easyMarkets by 31 total charting tools, with easyMarkets offering 31 and Coinbase offering . easyMarkets offers its clients access to 51 different indicators (for example, volume) while Coinbase has available indicators, a difference of 51.
Overall, easyMarkets comes out on top with 4.00 stars over Coinbase's 3.50 stars. And, when it comes to individual category awards, neither Coinbase nor easyMarkets were rated Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Customer Service, Best in Class - Active Trading, Best in Class - Mobile Trading and Best in Class - Investor Education.