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easyMarkets vs FXOpen 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is easyMarkets better than FXOpen? In our analysis of 23 international regulators across 62 of the best forex brokers, easyMarkets is considered average-risk, with an overall Trust Score of 84 out of 99. FXOpen is considered average-risk, with an overall Trust Score of 80 out of 99. Learn more about Trust Score.

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Overall RatingeasyMarketsFXOpen
Overall Rating 4/5 Stars 3.5/5 Stars
Commissions & Fees 3.5/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 3/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3/5 Stars 3/5 Stars
Education 3.5/5 Stars 3/5 Stars
Trust Score 84 80
Winner check_circle
Review
RegulationeasyMarketsFXOpen
Trust Score 84 80
Year Founded 2001 2003
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union Yes info Yes info
Tier-1 Licenses 1 2
Tier-2 Licenses 1 1
Tier-3 Licenses 1 0
Tier-1 Licenses (High Trust)easyMarketsFXOpen
ASIC Authorised (Australia) Yes Yes
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) No Yes
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)easyMarketsFXOpen
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes Yes
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust)easyMarketsFXOpen
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) Yes No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentseasyMarketsFXOpen
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 199 87
Forex Pairs (Total) 62 25
U.S. Stock Trading (Non CFD) No No
Int'l Stock Trading (Non CFD) No No
Social Trading / Copy Trading Yes Yes
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CosteasyMarketsFXOpen
Average Spread EUR/USD - Standard 0.9 info N/A info
All-in Cost EUR/USD - Active 0.9 info N/A info
Active Trader or VIP Discounts Yes Yes
Execution: Agency Broker No Yes
Execution: Market Maker Yes Yes
FundingeasyMarketsFXOpen
Minimum Deposit $100 $100
PayPal (Deposit/Withdraw) No No
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) No Yes
Trading PlatformseasyMarketsFXOpen
Proprietary Platform Yes No
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
Social Trading / Copy Trading Yes Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) No Yes
cTrader No No
DupliTrade No No
ZuluTrade No Yes
Trading ToolseasyMarketsFXOpen
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields No Yes
Watchlists - Total Fields 6 7
Charting - Indicators / Studies (Total) (default MT4) 30
Charting - Drawing Tools (Total) (default MT4) 15
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingeasyMarketsFXOpen
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields No Yes
Mobile Watchlist Yes Yes
Watchlist Syncing Yes No
Mobile Charting - Indicators / Studies 81 30
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave No No
Forex Calendar Yes Yes
ResearcheasyMarketsFXOpen
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes Yes
Autochartist No No
Trading Central (Recognia) Yes No
Social Sentiment - Currency Pairs Yes No
Economic Calendar Yes Yes
EducationeasyMarketsFXOpen
Has Education - Forex or CFDs Yes No
Client Webinars No No
Client Webinars (Archived) No No
Videos - Beginner Trading Videos No No
Videos - Advanced Trading Videos No No
Investor Dictionary (Glossary) Yes Yes
Major Forex PairseasyMarketsFXOpen
GBP/USD Yes Yes
USD/JPY Yes Yes
EUR/USD Yes Yes
USD/CHF Yes Yes
USD/CAD Yes Yes
NZD/USD Yes Yes
AUD/USD Yes Yes
Review
OveralleasyMarketsFXOpen
Overall Rating 4/5 Stars 3.5/5 Stars
Commissions & Fees 3.5/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 3/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3/5 Stars 3/5 Stars
Education 3.5/5 Stars 3/5 Stars
Trust Score 84 80
Winner check_circle
Review
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easyMarkets vs FXOpen Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare easyMarkets vs FXOpen.

Does easyMarkets or FXOpen offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, FXOpen offers better pricing overall for traders.

Is easyMarkets or FXOpen safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. FXOpen holds 2 global Tier-1 licenses, while easyMarkets holds 1. Both easyMarkets and FXOpen hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, easyMarkets earned a higher Trust Score than FXOpen.

Which trading platform is better: easyMarkets or FXOpen?

To compare the trading platforms of both easyMarkets and FXOpen, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, easyMarkets offers a better experience. With research, easyMarkets offers superior market research. Finally, we found easyMarkets to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both easyMarkets and FXOpen offer MetaTrader 4 (MT4).easyMarkets and FXOpen both offer copy trading.

How many forex pairs and CFDs are available to trade?

easyMarkets provides traders 62 currency pairs (e.g., EUR/USD) compared to FXOpen's 25 available pairs. Forex pairs aside, easyMarkets offers traders access to 199 CFDs while FXOpen has 87 available CFDs, a difference of 112.

Can I trust easyMarkets?

easyMarkets is not publicly traded and does not operate a bank. easyMarkets is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and one tier-3 regulators (low trust). easyMarkets is authorised by the following tier-1 regulator: Australian Securities & Investment Commission (ASIC).

Can I trust FXOpen?

FXOpen is not a publicly traded company, doesn't operate a bank, and is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). FXOpen is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

Is easyMarkets good?

easyMarkets is easy to use and offers several unique features attractive to beginners through its proprietary trading platform. However, easyMarkets is pricey, offers only a small selection of tradeable products, and lacks market research.

Is FXOpen good?

FXOpen is a long standing MetaTrader broker with a narrow offering and few benefits beyond a standard MetaTrader experience coupled with social-trading platforms ZuluTrade and Myfxbook.

Overall winner: easyMarkets

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announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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