Written by ForexBrokers.com
In this head to head comparison of easyMarkets vs TopFX, 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 that isn't publicly traded and doesn't operate as a bank. It stands out with two Tier-1 licenses and one Tier-2 license, showcasing a strong commitment to regulatory compliance. With a Trust Score of 84 out of 99 from ForexBrokers.com, easyMarkets is considered a trusted choice for traders, balancing experience and regulatory safeguards effectively.
TopFX, established in 2010, also operates as an online broker without a presence on the stock exchange and isn't a bank. It holds one Tier-1 license, affirming a level of reliability, though without any Tier-2 licenses. With a ForexBrokers.com Trust Score of 67 out of 99, TopFX is categorized as high risk, suggesting a need for cautious consideration by potential clients due to lower perceived trust compared to its peers like easyMarkets.
| Feature |
easyMarkets
|
TopFX
|
|---|---|---|
| Year Founded | 2001 | 2010 |
| 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 |
If you're considering easyMarkets or TopFX for your trading needs, it's crucial to understand how each broker stacks up in terms of commissions and fees. easyMarkets offers a simple commission-free trading experience with fixed spreads. On their own platform and TradingView, spreads are fixed at 0.8 pips for the popular EUR/USD pair. However, if you prefer using MT4, you can expect higher costs with a spread of 1.7 pips on the Standard account. For advanced traders with a VIP account, spreads drop to 0.7 pips. Their MT5 option offers more flexibility with variable spreads starting from 0.7 pips. Rated 3.5 out of 5 stars for commissions and fees, easyMarkets is ranked #52 out of 63 brokers by ForexBrokers.com in this category.
TopFX provides a different approach with two account types designed to suit different trading styles. The spread-only ZERO account is commission-free but has average spreads of 1.03 pips on the EUR/USD, while the RAW account charges a commission of 2.75 EUR per side, totaling 5.50 EUR per round-turn standard lot. For the commission-based RAW account, average spreads are tighter at 0.33 pips, and when you account for the commission, the all-in cost stands at approximately 0.88 pips—fairly competitive within the industry. TopFX earns a solid 4-star rating for commissions and fees and is ranked #40 by ForexBrokers.com out of 63 brokers in this category.
When choosing between easyMarkets and TopFX, your decision may hinge on whether you prefer fixed spreads with no commission or a combination of tighter spreads with additional commission fees. easyMarkets simplifies fee structures with their fixed spreads, appealing to those who value predictability. Conversely, TopFX offers potentially lower overall costs if you're comfortable with a commission-based model and are after tighter spreads for advanced trading strategies. Each broker offers distinct advantages, and understanding these differences can help you make an informed choice.
| Feature |
easyMarkets
|
TopFX
|
|---|---|---|
| Minimum Deposit | $25 | Depends on payment method |
| Average Spread EUR/USD - Standard | 0.8 | 1.03 |
| All-in Cost EUR/USD - Active | 0.8 | 0.88 |
| 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 TopFX, both brokers offer traders a wide range of investment options with some variations in their portfolios. easyMarkets provides access to forex trading via CFDs or spot contracts with a total of 230 tradeable symbols, including 63 forex pairs. In contrast, TopFX also supports forex trading through CFDs or spot contracts but offers a broader selection with 655 tradeable symbols, of which there are 60 forex pairs. Both brokers lack the option to buy exchange-traded securities from U.S. or international exchanges, such as shares of Apple or Vodafone.
In the realm of cryptocurrency, both easyMarkets and TopFX do not allow the purchase of actual digital currencies but enable trading in cryptocurrency derivatives. Furthermore, both platforms support copy trading, which can be an attractive feature for those looking to mirror the trades of successful investors. Despite their differences in tradeable symbols and forex pairs, both easyMarkets and TopFX receive the same rating of 3.5 stars for their range of investments. However, when ranked by ForexBrokers.com among 63 brokers, TopFX is positioned slightly better at #46 compared to easyMarkets at #54.
| Feature |
easyMarkets
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 230 | 655 |
| Forex Pairs (Total) | 63 | 60 |
| 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.
Both easyMarkets and TopFX offer valuable features for traders, including free virtual demo accounts that are perfect for practicing without real-world risks. easyMarkets stands out by providing a proprietary platform developed in-house, giving users a unique trading experience. Both brokers offer Windows-based desktop and web-based trading platforms, along with support for MetaTrader 4 (MT4), ensuring a familiar environment for traders. However, only easyMarkets provides access to MetaTrader 5 (MT5), allowing for more advanced trading options. Additionally, both brokers support copy trading but do not offer platforms like DupliTrade or ZuluTrade.
In terms of charting tools, easyMarkets offers 30 drawing tools compared to TopFX's 15, which might influence traders seeking comprehensive graphical analysis. Moreover, easyMarkets enables users to arrange their watch lists with eight columns, slightly more than TopFX's seven. Both brokers allow trading directly from stock charts, adding to their versatility. Despite these differences, both easyMarkets and TopFX share similar ratings of four stars out of five for their trading platforms and tools. However, in rankings by ForexBrokers.com, easyMarkets edges out TopFX by securing the 35th spot, compared to TopFX's 45th position, among 63 brokers, which could be a deciding factor for some traders.
| Feature |
easyMarkets
|
TopFX
|
|---|---|---|
| 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 | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| 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.
When choosing between easyMarkets and TopFX for their mobile trading apps, there are several aspects to consider. Both brokers provide apps for iPhone and Android users, allowing traders to access their platforms regardless of device preference. While easyMarkets lacks alerts for stock and forex prices, TopFX makes up for it by offering this feature, which can be crucial for those who want timely updates on market movements. However, easyMarkets offers better integration with watchlists, allowing users to sync symbols seamlessly between the mobile app and their online accounts—a feature TopFX does not provide. In terms of charting capabilities, easyMarkets is ahead, offering 81 technical studies compared to TopFX’s 30, although both apps allow users to draw trendlines and view multiple time frames on their charts. It's worth noting that drawings on charts do not auto-save in easyMarkets, whereas they do in TopFX. Both apps support the creation of watchlists with real-time quotes.
In terms of overall ratings, both easyMarkets and TopFX achieve a commendable score of 4 out of 5 stars for their mobile trading offerings. However, when looking at their rankings among 63 brokers on ForexBrokers.com, easyMarkets enjoys a higher position, coming in at #30, compared to TopFX's rank of #51. This suggests that while both platforms have notable strengths, easyMarkets may provide a more comprehensive experience for those who prioritize features like technical analysis, seamless device synchronization, and ease of use across different devices. In conclusion, traders should weigh these features based on their individual needs to determine which app might best suit their trading strategies.
| Feature |
easyMarkets
|
TopFX
|
|---|---|---|
| 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 | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing easyMarkets to TopFX for market research offerings, easyMarkets stands out with its provision of daily market commentary, a service not offered by TopFX. Both brokerages provide forex news from renowned sources such as Bloomberg and Reuters, ensuring traders are well-informed with industry-leading news. However, where TopFX outperforms easyMarkets is in its provision of technical analysis tools from Autochartist, which easyMarkets does not offer. Yet, both brokers equally benefit from tools by Trading Central and sentiment-based trading facilitation, offering similar experiences in those aspects.
Additionally, neither easyMarkets nor TopFX offer market research tools from TipRanks or Acuity Trading. Both brokers do keep traders informed with an economic calendar detailing global news events. In terms of research ratings, easyMarkets scores higher with a 3.5-star rating and ranks #43 out of 63 brokers, while TopFX has a slightly lower score of 3 stars, ranking #60. This distinction highlights easyMarkets as a more favorable choice for those prioritizing market research breadth and quality.
| Feature |
easyMarkets
|
TopFX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| 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 and TopFX offer noticeably different experiences. easyMarkets stands out by providing a comprehensive range of educational materials, including over 10 articles, videos, and archived webinars focused on forex and CFDs. They also host monthly webinars and maintain a searchable archive of these sessions for further learning. Beginner traders can find a wealth of information with easyMarkets, thanks to their library of over 10 videos designed specifically for newcomers. Additionally, they cater to more experienced traders with advanced educational videos and provide an extensive investor dictionary with definitions for over 50 investing terms. Overall, easyMarkets earns a 3.5-star rating for its educational resources and ranks 39th out of 63 brokers in this category.
In contrast, TopFX falls short in providing a similar level of educational support. It lacks the depth of offerings found with easyMarkets, not meeting the threshold of 10 educational pieces on forex and CFDs. The broker also does not host regular webinars or offer an archive of past sessions. Beginner traders searching for foundational videos will find TopFX lacking, as they do not offer the comprehensive set of videos that many newcomers may need. TopFX does not provide a detailed investor dictionary, making it challenging for beginners to familiarize themselves with key investing concepts. As a result, TopFX receives a modest 3-star educational rating and is ranked 61st by ForexBrokers.com for their educational offerings.
| Feature |
easyMarkets
|
TopFX
|
|---|---|---|
| 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 | 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 TopFX. easyMarkets finished with an overall rank of #42, while TopFX finished with an overall rank of #62.
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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TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 67 |
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Both easyMarkets and TopFX do not offer the ability to buy actual delivered cryptocurrency, but they do provide the option to trade cryptocurrency derivatives.
When comparing easyMarkets and TopFX for deposit and withdrawal options, easyMarkets supports ACH or SEPA transfers, which TopFX does not, while TopFX offers PayPal, which is not available with easyMarkets; both brokers, however, provide options for Skrill, Visa or Mastercard, and bank wire transfers.
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 | TopFX | |
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| Trust Score | 84 | 67 | |
| Winner | check_circle | ||
| Review | easyMarkets Review | TopFX Review |
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| Regulation | easyMarkets | TopFX | |
|---|---|---|---|
| Trust Score | 84 | 67 | |
| Year Founded | 2001 | 2010 | |
| 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 | TopFX | |
|---|---|---|---|
| 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 | 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) | easyMarkets | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 230 | 655 | |
| Forex Pairs (Total) | 63 | 60 | |
| 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 | easyMarkets | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.8 | 1.03 | |
| All-in Cost EUR/USD - Active | 0.8 | 0.88 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | easyMarkets | TopFX | |
|---|---|---|---|
| Minimum Deposit | $25 | Depends on payment method | |
| 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 | TopFX | |
|---|---|---|---|
| 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 | No | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | easyMarkets | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| 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 | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | easyMarkets | TopFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | easyMarkets | TopFX | |
|---|---|---|---|
| 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 | No |
| Major Forex Pairs | easyMarkets | TopFX | |
|---|---|---|---|
| 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 | TopFX Review |
| Overall | easyMarkets | TopFX | |
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| Trust Score | 84 | 67 | |
| Winner | check_circle | ||
| Review | easyMarkets Review | TopFX Review |
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