Written by ForexBrokers.com
In this head to head comparison of easyMarkets vs FXOpen, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Founded in 2001, easyMarkets is an online broker with a ForexBrokers.com Trust Score of 84, placing it in the trusted category. It holds two Tier-1 licenses and one Tier-2 license, which contribute to its credibility in the financial market. Despite not being publicly traded or a bank, easyMarkets provides a reliable trading environment for its clients.
FXOpen, established in 2003, has a ForexBrokers.com Trust Score of 76, indicating an average risk level. Like easyMarkets, FXOpen is neither publicly traded nor a bank, and it also possesses two Tier-1 licenses. However, FXOpen does not hold any Tier-2 licenses, potentially affecting its appeal to some traders seeking additional regulatory assurances.
| Feature |
easyMarkets
|
FXOpen
|
|---|---|---|
| Year Founded | 2001 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
When comparing easyMarkets and FXOpen for their commission and fee structures, easyMarkets offers fixed spreads of 0.8 pips for EUR/USD on its proprietary platform and TradingView. If you're using MT4, the standard account has a higher spread at 1.7 pips, while the VIP account offers a reduced spread of 0.7 pips. For those using MT5, spreads are variable, beginning from 0.7 pips. easyMarkets receives a 3.5-star rating for commissions and fees, ranking #52 out of 63 brokers according to ForexBrokers.com.
On the other hand, FXOpen does not provide specific average spread information, which may pose challenges for traders seeking transparency. However, it earns a higher 4-star rating in the commissions and fees category and ranks #45 out of 63 brokers. This suggests that FXOpen generally offers a more favorable cost structure compared to easyMarkets.
Overall, if you're prioritizing lower spreads and a better commission and fee ranking, FXOpen appears to be the better choice based on available data. However, easyMarkets offers specific advantages for those who prefer fixed spreads and certain platform choices.
| Feature |
easyMarkets
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $25 | $100 |
| Average Spread EUR/USD - Standard | 0.8 | N/A |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing easyMarkets and FXOpen for their range of available investments, easyMarkets provides a broader selection. easyMarkets offers 230 tradeable symbols compared to FXOpen's 87, and includes 63 forex pairs against FXOpen's 25. Both platforms support forex trading via CFDs or spot contracts, but neither broker offers exchange-traded securities on U.S. or international exchanges. While they both offer cryptocurrency derivatives, neither offers the option to buy actual cryptocurrencies. Additionally, each platform supports copy trading features for users.
In terms of ratings, easyMarkets scores slightly higher with a 3.5-star rating for their range of investments, while FXOpen receives a 3-star rating. Furthermore, according to ForexBrokers.com, easyMarkets is ranked 54th out of 63 brokers for their investment range, outperforming FXOpen, which ranks at 62nd. This comparison suggests that easyMarkets might be a more appealing choice for those seeking a broader range of forex instruments and tradeable symbols.
| Feature |
easyMarkets
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 230 | 87 |
| Forex Pairs (Total) | 63 | 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 (Derivative) | 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools offered by easyMarkets and FXOpen, both brokers provide essential features for traders. They each offer simulated trading through free virtual demo accounts, allowing users to practice their strategies without risking real money. While easyMarkets has developed its own in-house trading platform, FXOpen relies on well-known platforms like MetaTrader 4 and MetaTrader 5, which both brokers support. Traders looking for desktop and web-based access will find both options available with each broker. Additionally, both easyMarkets and FXOpen support copy trading functionality, though only FXOpen provides integration with ZuluTrade's social trading service.
Charting tools and features are another point of comparison where easyMarkets and FXOpen differ slightly. easyMarkets provides 30 drawing tools, while FXOpen offers 15, both of which facilitate detailed market analysis. EasyMarkets also edges out FXOpen in terms of customizable watch lists and the number of columns available for users. Despite these differences, both brokers have received a favorable trading platform rating of four stars, with easyMarkets holding a higher rank (#35) compared to FXOpen (#53) on ForexBrokers.com. This indicates that while easyMarkets may offer more in terms of in-house tools and customizability, both brokers provide strong offerings suitable for many traders.
| Feature |
easyMarkets
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| 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) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 15 | 30 |
| Charting - Drawing Tools (Total) | 30 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both easyMarkets and FXOpen provide iPhone and Android apps, making them accessible for mobile traders. However, they differ in some significant features that may influence your choice. easyMarkets stands out with its ability to sync watchlists between the mobile app and online account, facilitating a seamless experience when switching devices. In contrast, FXOpen does not offer this feature. Another advantage of easyMarkets is its charting capabilities, which include 81 technical studies compared to FXOpen's 30. Both platforms allow drawing trendlines and viewing charts in various time frames, although neither automatically saves drawings made on charts.
When it comes to alerts, FXOpen offers the functionality to receive stock and forex price alerts, which easyMarkets does not. Both apps provide real-time quotes within a watchlist. In terms of user satisfaction, both apps are rated 4 out of 5 stars, but easyMarkets holds a better ranking on ForexBrokers.com, coming in at #30 out of 63 brokers, while FXOpen is ranked #54. This comprehensive comparison should help prospective traders discern which mobile app aligns better with their trading needs.
| Feature |
easyMarkets
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | No | 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 |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing easyMarkets and FXOpen for market research abilities, both brokers offer daily market commentary and access to forex news from well-respected sources like Bloomberg, Reuters, and Dow Jones. However, easyMarkets takes the lead with additional resources by providing tools from Trading Central, offering technical analytics that FXOpen does not. This positions easyMarkets as a stronger choice for traders interested in deeper technical insights. Moreover, easyMarkets provides a sentiment-based trading tool that helps traders see the ratio of long and short positions, an additional feature absent from FXOpen's offerings.
Both platforms include an economic calendar to keep traders informed about global news events, but easyMarkets edges out with a better research rating of 3.5 stars compared to FXOpen's 3 stars. According to ForexBrokers.com, easyMarkets is ranked #43 out of 63 brokers in the Research category, while FXOpen lags behind at #63. This highlights easyMarkets as the more favorable option for users seeking comprehensive market research tools and services.
| Feature |
easyMarkets
|
FXOpen
|
|---|---|---|
| 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 |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, easyMarkets stands ahead of FXOpen. easyMarkets provides a comprehensive selection of resources, including at least 10 educational pieces focused on forex and CFDs. They also host monthly online educational webinars and offer access to a searchable archive of previously recorded sessions. For those starting their trading journey, easyMarkets delivers over 10 beginner-focused educational videos, as well as advanced videos for more experienced traders. Additionally, an investor dictionary with more than 50 investing terms is available, making easyMarkets a well-rounded choice for educational support.
In comparison, FXOpen does not meet the same level of educational offerings. While it does provide an investor dictionary with over 50 investing terms, it does not offer the extensive range of forex and CFD educational content found at easyMarkets. FXOpen lacks regular webinars and a searchable archive of recorded sessions, and it doesn't provide the same amount of beginner or advanced educational video content. These differences in educational support are reflected in their ratings, with easyMarkets receiving 3.5 stars and ranking 39th out of 63 brokers on ForexBrokers.com, whereas FXOpen has a 3-star rating and ranks 58th.
| Feature |
easyMarkets
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that easyMarkets is better than FXOpen. easyMarkets finished with an overall rank of #42, while FXOpen finished with an overall rank of #54.
easyMarkets is easy to use and offers several unique features attractive to beginners through its proprietary trading platform. However, its web platform is a bit dated and it offers a below-average selection of tradeable products.
| Feature |
easyMarkets
|
FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 76 |
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Both easyMarkets and FXOpen do not provide the option to purchase actual delivered cryptocurrencies, but they do offer the opportunity to trade cryptocurrency derivatives.
When comparing online brokers, easyMarkets distinguishes itself by offering ACH or SEPA transfers for deposits and withdrawals alongside common options like Skrill, Visa, Mastercard, and bank wires, while FXOpen, which also provides Skrill, Visa, Mastercard, and bank wires, does not support ACH or SEPA transfers, and neither broker supports PayPal transactions.
Please 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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0 of 5| Overall Rating | easyMarkets | FXOpen | |
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| Trust Score | 84 | 76 | |
| Winner | check_circle | ||
| Review | easyMarkets Review |
| Broker Screenshots | easyMarkets | FXOpen | |
|---|---|---|---|
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| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | easyMarkets | FXOpen | |
|---|---|---|---|
| Trust Score | 84 | 76 | |
| Year Founded | 2001 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | easyMarkets | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | easyMarkets | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | easyMarkets | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 230 | 87 | |
| Forex Pairs (Total) | 63 | 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 (Derivative) | 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). |
| Cost | easyMarkets | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.8 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | easyMarkets | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $25 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | easyMarkets | FXOpen | |
|---|---|---|---|
| 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) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | easyMarkets | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 15 | 30 | |
| Charting - Drawing Tools (Total) | 30 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | easyMarkets | FXOpen | |
|---|---|---|---|
| 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 | |
| Mobile Economic Calendar | Yes | Yes |
| Research | easyMarkets | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | easyMarkets | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | easyMarkets | FXOpen | |
|---|---|---|---|
| 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 | easyMarkets Review |
| Overall | easyMarkets | FXOpen | |
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| Trust Score | 84 | 76 | |
| Winner | check_circle | ||
| Review | easyMarkets Review |
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