Written by ForexBrokers.com
In this head to head comparison of easyMarkets vs iFOREX, 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.
When comparing online brokers easyMarkets and iFOREX, one of the key differences lies in their regulatory standing and trust scores. EasyMarkets, established in 2001, holds two Tier-1 licenses and boasts a Trust Score of 84 out of 99, reflecting a solid reputation for trustworthiness in the industry. iFOREX, which has been in operation since 1996, has one Tier-1 license and a Trust Score of 75, suggesting an average risk level. Neither company is publicly traded or operates as a bank, but easyMarkets holds an additional Tier-2 license, further enhancing its credibility.
| Feature |
easyMarkets
|
iFOREX
|
|---|---|---|
| Year Founded | 2001 | 1996 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing the commissions and fees between easyMarkets and iFOREX, easyMarkets offers fixed spreads starting at 0.8 pips for EUR/USD on its platform and TradingView, which provides certainty in trading costs. However, traders using MT4 might face higher spreads of 1.7 pips unless they qualify for the VIP account, which lowers the spread to 0.7 pips. In contrast, MT5 users can benefit from variable spreads that start at 0.7 pips. Based on these factors, easyMarkets earns a 3.5-star rating and stands at #52 in the Commissions and Fees category out of 63 brokers listed by ForexBrokers.com.
In comparison, iFOREX lacks available average spread data, making it more challenging for traders to anticipate costs. This lack of transparency may be a downside for traders who prioritize understanding potential expenses in advance. Consequently, iFOREX receives a 3-star rating for commissions and fees and ranks at #61 among 63 brokers in the same category according to ForexBrokers.com.
In summary, both easyMarkets and iFOREX offer distinct approaches to commissions and fees, with easyMarkets providing more structured and predictable spread options, which may appeal to traders seeking more cost certainty. Meanwhile, iFOREX's limited data on spreads results in a lower rating and ranking, suggesting that traders may have less clarity regarding trading costs with this broker.
| Feature |
easyMarkets
|
iFOREX
|
|---|---|---|
| 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 | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| 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 iFOREX, both brokers allow for forex trading as CFDs or spot contracts. However, iFOREX provides access to a wider selection of tradable symbols, boasting 750 options compared to easyMarkets' 230. In terms of forex pairs, iFOREX again has the upper hand, offering 88 pairs, while easyMarkets offers 63. Neither platform offers exchange-traded securities on U.S. or international exchanges, so clients cannot directly invest in companies like Apple or Vodafone on these platforms.
For those interested in cryptocurrency, both easyMarkets and iFOREX allow for trading cryptocurrency derivatives rather than the actual cryptocurrencies themselves. easyMarkets does offer copy trading, a feature not available with iFOREX. Despite these differences, both brokers share a similar rating of 3.5 stars for their range of investments. According to ForexBrokers.com, easyMarkets ranks 54th out of 63 for investment range, whereas iFOREX holds a higher position at 41st. This suggests that while both brokers provide substantial offerings, iFOREX has a slightly broader array of investment options available to traders.
| Feature |
easyMarkets
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 230 | 750 |
| Forex Pairs (Total) | 63 | 88 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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.
easyMarkets and iFOREX both strive to provide comprehensive trading platforms and tools, but they cater to their clients in slightly different ways. easyMarkets stands out with its range of features, offering a simulated trading experience through a free virtual demo account, which iFOREX lacks. Additionally, easyMarkets provides both proprietary and popular platforms like MetaTrader 4 and MetaTrader 5, whereas iFOREX does not support these platforms. While easyMarkets offers a Windows-based desktop download platform, iFOREX relies solely on its web-based trading platform. Furthermore, easyMarkets supports copy trading, providing an edge for traders interested in mimicking successful strategies, a feature not available with iFOREX.
Moreover, when it comes to charting tools, easyMarkets offers 30 drawing tools, slightly more than the 25 provided by iFOREX. Both brokers allow traders to execute trades directly from stock charts; however, easyMarkets offers eight columns for watch lists compared to iFOREX's nine. Despite these differences, both brokers receive a solid four-star rating for their trading platforms and tools. Nevertheless, easyMarkets is ranked higher in this category, placing 35th out of 63 brokers by ForexBrokers.com, while iFOREX trails behind at 54th place.
| Feature |
easyMarkets
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 15 | 57 |
| Charting - Drawing Tools (Total) | 30 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of easyMarkets and iFOREX, both provide options for iPhone and Android users, covering the basics for traders on the go. However, easyMarkets stands out with its advanced features, offering 81 technical studies for charting, while iFOREX lacks this data entirely. With easyMarkets, users can easily draw trendlines and view multiple time frames on charts, enhancing the trading experience. In contrast, iFOREX does not provide these capabilities, which may limit technical analysis.
A notable advantage of easyMarkets is the synchronization of watchlists, allowing seamless access across devices. This feature ensures that any changes made on one platform reflect on the other, a convenience iFOREX does not offer. Additionally, easyMarkets supports real-time quote watchlists, a feature absent in iFOREX's services. Despite these differences, both apps have earned a 4-star rating for mobile trading, yet easyMarkets secures a higher ranking at #30 compared to iFOREX’s #55 in the mobile trading apps category on ForexBrokers.com, highlighting its overall superior functionality.
| Feature |
easyMarkets
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | No | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 81 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing easyMarkets and iFOREX for their market research offerings, both brokers provide essential daily market commentary to keep traders informed. easyMarkets excels in providing forex news from top-tier sources such as Bloomberg and Reuters, giving it an edge over iFOREX in this area. While neither platform offers tools from Autochartist or market research from TipRanks and Acuity Trading, they both incorporate technical analysis tools from Trading Central and offer sentiment-based trading tools to gauge trading positions across various instruments.
In terms of additional resources, both easyMarkets and iFOREX support their users with an economic calendar that highlights significant global news events. However, these features don't fully set them apart in the competitive field, as reflected in their identical research ratings of 3.5 out of 5 stars. According to ForexBrokers.com, easyMarkets holds the 43rd position, whereas iFOREX is slightly behind at 48th place out of 63 brokers for market research, indicating a slight preference for easyMarkets based on comprehensive forex news offerings despite their overall similar capabilities.
| Feature |
easyMarkets
|
iFOREX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| 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 out compared to iFOREX. easyMarkets offers a comprehensive selection of educational materials, including more than ten articles, videos, and archived webinars centered around forex and CFDs. They provide monthly online educational webinars and maintain a searchable archive for clients who wish to revisit past sessions. Additionally, easyMarkets makes it easy for beginners and experienced traders alike by providing over ten videos on foundational trading topics and more advanced strategies. Moreover, it includes an investor dictionary with definitions for over 50 investing terms, making it an excellent resource for those new to trading.
In contrast, iFOREX has a more limited educational offering. While they do provide at least ten educational videos tailored for beginners, they fall short in several areas. iFOREX does not offer a minimum of ten educational pieces on forex or CFDs, and they lack the provision for monthly online webinars or a searchable archive of recorded ones. Additionally, they do not provide a collection of advanced educational videos for more experienced traders nor an investor dictionary with comprehensive investing terms. As a result, easyMarkets is ranked higher in the education category by ForexBrokers.com, securing the #39 spot out of 63 brokers, while iFOREX ranks at #53. Both platforms are rated 3.5 stars for their educational offerings, but the depth and variety provided by easyMarkets give it a decisive edge for beginners looking to enhance their trading knowledge.
| Feature |
easyMarkets
|
iFOREX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
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 iFOREX. easyMarkets finished with an overall rank of #42, while iFOREX finished with an overall rank of #52.
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
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iFOREX
|
|---|---|---|
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| Trust Score | 84 | 75 |
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Both easyMarkets and iFOREX provide the option to trade cryptocurrency derivatives, yet neither offers the ability to purchase actual delivered cryptocurrencies.
When comparing online brokers easyMarkets and iFOREX in terms of deposit and withdrawal options, easyMarkets supports ACH or SEPA transfers and Skrill, while not offering PayPal, whereas iFOREX offers PayPal and Skrill but not ACH or SEPA, with both brokers allowing Visa, Mastercard, and bank wires.
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 | iFOREX | |
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| Trust Score | 84 | 75 | |
| Winner | check_circle | ||
| Review | easyMarkets Review |
| Broker Screenshots | easyMarkets | iFOREX | |
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| Trading Platforms Gallery (click to expand) | |||
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| Research Gallery (click to expand) | |||
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| Regulation | easyMarkets | iFOREX | |
|---|---|---|---|
| Trust Score | 84 | 75 | |
| Year Founded | 2001 | 1996 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | easyMarkets | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 230 | 750 | |
| Forex Pairs (Total) | 63 | 88 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | easyMarkets | iFOREX | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | easyMarkets | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $25 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| 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 | iFOREX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | easyMarkets | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 8 | 9 | |
| Charting - Indicators / Studies (Total) | 15 | 57 | |
| Charting - Drawing Tools (Total) | 30 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | easyMarkets | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | No | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 81 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | No |
| Research | easyMarkets | iFOREX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | easyMarkets | iFOREX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | easyMarkets | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
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| Trust Score | 84 | 75 | |
| Winner | check_circle | ||
| Review | easyMarkets Review |
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