Written by ForexBrokers.com
In this head to head comparison of FXCM vs easyMarkets, 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.
FXCM, founded in 1999, is a well-established online broker that has garnered a ForexBrokers.com Trust Score of 95, indicating it is highly trusted. As a publicly-traded company, FXCM offers investors additional transparency. The company is not a bank, but it holds 4 Tier-1 licenses, making it a secure choice for traders looking for a trusted platform. It also holds two Tier-2 licenses, reinforcing its standing as a trusted entity in the forex trading world.
easyMarkets, founded in 2001, holds a solid position in the online trading arena with a ForexBrokers.com Trust Score of 84, which classifies it as a trusted broker. Unlike FXCM, easyMarkets is not publicly traded, which might influence transparency considerations for some investors. Although it is not a bank, easyMarkets holds 2 Tier-1 licenses alongside 1 Tier-2 license, positioning it as a reliable choice within the industry. Both brokers offer secure trading environments, but for those prioritizing trust scores and the number of licenses, FXCM might have a slight edge.
| Feature |
FXCM
|
easyMarkets
|
|---|---|---|
| Year Founded | 1999 | 2001 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When comparing the commissions and fees of FXCM and easyMarkets, FXCM generally offers slightly higher costs in the forex trading arena than the industry average. FXCM's standard account spreads for the EUR/USD pair, as gathered in May 2024, are competitive at 0.78 pips in the EU, U.K., and Australia, while the St. Vincent and the Grenadines entity averages a higher spread of 1.38 pips. However, its commission-based accounts can offer a better spread of 0.28 pips, excluding commissions. Active traders may find value in FXCM's Active Trader Rebate Program, which provides tiered discounts based on trading volume, though it's not available in the U.K. or EU. With all factors considered, FXCM earns a solid four-star rating and ranks 24 out of 63 brokers in the Commissions and Fees category according to ForexBrokers.com.
On the other hand, easyMarkets offers fixed spreads of 0.8 pips for EUR/USD when using their platform and TradingView. For those using the MT4 platform, costs rise to 1.7 pips for the Standard account, but the VIP account reduces them to 0.7 pips. The MT5 platform features variable spreads beginning at 0.7 pips. These offerings result in a moderate 3.5-star rating and a ranking of 52 out of 63 brokers for commissions and fees, reflecting less competitive pricing in comparison to FXCM.
In summary, while both FXCM and easyMarkets have their advantages, FXCM may be more appealing to active traders seeking rebates and lower commission-based spreads, whereas easyMarkets offers the predictability of fixed rates, especially for platform users who prioritize stable costs. Overall, FXCM's better rating and higher ranking make it a more favorable choice for those focused on competitive commissions and fees.
| Feature |
FXCM
|
easyMarkets
|
|---|---|---|
| Minimum Deposit | Starts from $50 | $25 |
| Average Spread EUR/USD - Standard | 0.78 | 0.8 |
| All-in Cost EUR/USD - Active | 0.78 | 0.8 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | 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 it comes to the variety of investments offered, FXCM and easyMarkets each have their strengths, especially in forex trading. Both platforms provide the opportunity to trade forex either as a CFD or spot contract. FXCM stands out with a substantial offering of 440 tradeable symbols, while easyMarkets provides 230 symbols. Interestingly, easyMarkets surpasses FXCM in the number of tradeable forex pairs, offering 63 pairs compared to FXCM's 43. However, neither broker provides access to exchange-traded securities on U.S. or international stock exchanges, meaning traditional stock buying opportunities like purchasing shares of Apple or Vodafone are not available.
Both FXCM and easyMarkets cater to modern trading needs by supporting copy trading features, allowing users to follow and replicate successful traders' strategies. For cryptocurrency enthusiasts, both brokers offer cryptocurrency derivatives, although they do not support the purchase of actual cryptocurrencies. In terms of overall investment range, both platforms are similarly rated with 3.5 stars out of five. However, FXCM edges out easyMarkets slightly in rankings for the range of investments, placing 47th compared to easyMarkets' 54th position out of 63 brokers surveyed by ForexBrokers.com.
| Feature |
FXCM
|
easyMarkets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 440 | 230 |
| Forex Pairs (Total) | 43 | 63 |
| 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). | 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 it comes to trading platforms and tools, both FXCM and easyMarkets provide solid options for traders. FXCM offers a comprehensive choice of platforms including their proprietary in-house platform, MetaTrader 4 (MT4), and a Windows-based desktop download. They also provide a web-based trading portal and support for copy trading via ZuluTrade. In contrast, easyMarkets delivers its own proprietary platform along with MT4 and MetaTrader 5 (MT5), but lacks support for ZuluTrade. Both brokers offer free virtual demo accounts to help traders practice their skills, and they provide the ability to trade directly from a stock chart.
Examining the specific tools available, FXCM gives traders 10 drawing tools for charting and includes 13 watchlist columns, helping users gain deeper market insights. easyMarkets, however, outshines FXCM in terms of drawing tools with 30 options, but only provides 8 columns for watchlists. While both brokers have their unique strengths, FXCM edges out easyMarkets in terms of overall platform ratings, earning 5 stars for Trading Platforms and Tools and ranking #6 out of 63 brokers on ForexBrokers.com, compared to easyMarkets' 4 stars and #35 ranking.
| Feature |
FXCM
|
easyMarkets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| 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 |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 115 | 15 |
| Charting - Drawing Tools (Total) | 10 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 13 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both FXCM and easyMarkets offer accessible platforms for iPhone and Android users. FXCM stands out with its innovative features such as stock and forex price alerts and the ability to auto-save drawings on charts, a convenience that easyMarkets does not provide. Both brokers support watchlist symbol syncing across devices, allowing users to seamlessly manage and sync their watchlists between the mobile app and their online accounts. However, when comparing technical studies for charting, easyMarkets takes the lead with 81 options, surpassing FXCM's 59 studies.
For those who prioritize real-time information, both apps allow for the creation of watchlists with live quotes. Users looking to draw trendlines on charts or view multiple time frames will find this functionality in both platforms. When evaluating user satisfaction, FXCM has a slight edge with a 4.5-star rating compared to easyMarkets' 4-star rating. According to ForexBrokers.com, FXCM is ranked 16th out of 63 brokers in the Mobile Trading Apps category, indicating a higher level of approval than easyMarkets, which holds the 30th position. These distinctions make FXCM an attractive choice for traders seeking versatile mobile trading solutions with added alert features and syncing capabilities.
| Feature |
FXCM
|
easyMarkets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 59 | 81 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing FXCM and easyMarkets for market research offerings, both brokers deliver daily market commentary and access to top-tier forex news from sources like Bloomberg and Reuters. They both integrate with Trading Central, providing technical analysis tools, and offer sentiment-based trading tools that show the ratio of long or short positions across currency pairs, helping traders make informed decisions. Furthermore, each broker supplies an economic calendar, keeping users updated on important financial news and upcoming events. However, FXCM stands out by providing exclusive market research from TipRanks—a feature not available with easyMarkets.
Rated 4.5 stars for research by ForexBrokers.com, FXCM ranks 11th out of 63 brokers, showing its strong position in the market research category. On the other hand, easyMarkets receives a 3.5-star rating and ranks 43rd, indicating room for improvement compared to FXCM. Both brokers lack tools from Autochartist and Acuity Trading, but FXCM’s partnership with TipRanks enhances its research depth, making it a favored choice among traders looking for comprehensive insights.
| Feature |
FXCM
|
easyMarkets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
FXCM and easyMarkets both provide valuable educational resources for beginners interested in forex or CFDs trading. Each offers over ten educational pieces, including articles, videos, and webinars, focusing on these subjects. For those who prefer live learning, both brokers conduct online educational webinars at least once a month and maintain searchable archives of past webinars, enabling learners to revisit content at their convenience. FXCM and easyMarkets deliver beginner-friendly content through more than ten videos specifically crafted for newcomers, ensuring a strong foundation is built for novice traders.
However, in comparing their overall educational offerings, FXCM appears to edge out easyMarkets. Both brokers cater to advanced traders with over ten specialized videos and provide comprehensive investor dictionaries with definitions for more than 50 investing terms. Yet, FXCM is rated higher for its educational services, earning 4.5 stars compared to easyMarkets' 3.5 stars. Furthermore, FXCM holds a higher rank in the Education category at #14, while easyMarkets is positioned at #39 among 63 brokers on ForexBrokers.com. This suggests that FXCM may offer a slightly richer educational experience for those beginning their trading journey.
| Feature |
FXCM
|
easyMarkets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| 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 FXCM is better than easyMarkets. FXCM finished with an overall rank of #15, while easyMarkets finished with an overall rank of #42.
For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average.
| Feature |
FXCM
|
easyMarkets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 84 |
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Both FXCM and easyMarkets do not provide the ability to buy actual delivered cryptocurrency, but they both offer options for trading cryptocurrency derivatives.
Both FXCM and easyMarkets provide a range of deposit and withdrawal methods including ACH or SEPA transfers, Skrill, Visa, Mastercard, and bank wires; however, FXCM uniquely offers PayPal as a payment option, unlike easyMarkets.
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 | FXCM | easyMarkets | |
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| Trust Score | 95 | 84 | |
| Winner | check_circle | ||
| Review | FXCM Review | easyMarkets Review |
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| Regulation | FXCM | easyMarkets | |
|---|---|---|---|
| Trust Score | 95 | 84 | |
| Year Founded | 1999 | 2001 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | FXCM | easyMarkets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | 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) | Yes | No | |
| 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) | FXCM | easyMarkets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FXCM | easyMarkets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 440 | 230 | |
| Forex Pairs (Total) | 43 | 63 | |
| 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). | 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 | FXCM | easyMarkets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.78 | 0.8 | |
| All-in Cost EUR/USD - Active | 0.78 | 0.8 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FXCM | easyMarkets | |
|---|---|---|---|
| Minimum Deposit | Starts from $50 | $25 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | FXCM | easyMarkets | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| 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 | Yes | No |
| Trading Tools | FXCM | easyMarkets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 13 | 8 | |
| Charting - Indicators / Studies (Total) | 115 | 15 | |
| Charting - Drawing Tools (Total) | 10 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FXCM | easyMarkets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 59 | 81 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FXCM | easyMarkets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FXCM | easyMarkets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FXCM | easyMarkets | |
|---|---|---|---|
| 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 | FXCM Review | easyMarkets Review |
| Overall | FXCM | easyMarkets | |
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| Trust Score | 95 | 84 | |
| Winner | check_circle | ||
| Review | FXCM Review | easyMarkets Review |
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