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 easyMarkets vs FXCM.
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. FXCM's score is 4.00 stars versus 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. easyMarkets alongside FXCM are regulated in a major hub. FXCM is a publicly traded company, easyMarkets isn't. How many currency pairs are available to trade? easyMarkets offers its clients access to 97 different currency pairs while FXCM has 39 available pairs, a difference of 58.
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 alongside FXCM offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Both easyMarkets and FXCM provide clients with access to 31 total charting tools. Both easyMarkets and FXCM provide clients with access to 51 total indicators (eg, moving averages).
Overall, FXCM comes out on top with 4.50 stars over easyMarkets's 4.00 stars. And, when it comes to individual category awards, FXCM was rated Best in Class - Platforms & Tools, Best in Class - Mobile Trading and Best in Class - Investor Education in 2018, while easyMarkets was rated none of these.