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 commissions and fees, easyMarkets offers fixed spreads of 0.8 pips for EUR/USD on both its own platform and TradingView. If you prefer using MT4 with easyMarkets, the Standard account has higher spreads at 1.7 pips, while the VIP account offers a reduced spread of 0.7 pips. For those utilizing MT5, spreads are variable, starting from 0.7 pips. easyMarkets earns a 3.5-star rating for its commissions and fees and ranks 51st out of 62 brokers according to ForexBrokers.com.
FXOpen does not provide specific average spread data, which can make direct comparisons challenging. However, it receives a higher star rating of 4 out of 5 for its commissions and fees, indicating potentially more favorable trading conditions overall. In the ranking by ForexBrokers.com, FXOpen holds the 45th position out of 62 brokers, suggesting a better performance in this category compared to easyMarkets.
| 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 evaluating the range of investment options offered by easyMarkets and FXOpen, it's clear that both brokers extend forex trading services through CFDs or spot contracts. easyMarkets provides a wider selection with 230 tradeable symbols and 63 forex pairs, compared to FXOpen's 87 tradeable symbols and 25 forex pairs. However, neither firm offers direct access to exchange-traded securities on U.S. or international exchanges, such as buying stocks like Apple or Vodafone directly. In terms of additional offerings, both brokers support copy trading and provide opportunities to trade cryptocurrency derivatives, though they do not facilitate the purchasing of actual cryptocurrencies.
Furthermore, easyMarkets scores slightly higher in the range of investments category, earning 3.5 stars and ranking 54th out of 62 brokers according to ForexBrokers.com. Conversely, FXOpen received 3 stars and is placed at 61st in the same category. These ratings reflect the relatively broader array of options available with easyMarkets compared to FXOpen. Despite their differences in rankings and number of tradeable assets, both firms aim to cater to diverse trading strategies with their various offerings in forex and cryptocurrency derivatives.
| 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 of easyMarkets and FXOpen, both brokers provide free virtual demo accounts, making them accessible for those wishing to practice trading without risking real money. easyMarkets stands out with its proprietary platform, offering a unique, in-house developed experience, whereas FXOpen does not have its own software. Both brokers provide Windows-based desktop platforms, web-based platforms, and are compatible with MetaTrader 4 and MetaTrader 5, catering to a wide range of trading preferences. Both also support copy trading, but FXOpen additionally offers integration with ZuluTrade, a service not available with easyMarkets.
easyMarkets offers a more extensive suite of charting tools, with 30 different drawing tools compared to FXOpen's 15, which may appeal to traders who rely heavily on chart analytics. Both platforms allow trading directly from stock charts, offering convenience for traders. While easyMarkets provides eight columns for watch lists, FXOpen offers seven. Despite these differences, both brokers are rated four stars for their trading platforms and tools. However, easyMarkets ranks higher at #35 compared to FXOpen's #53 on ForexBrokers.com. This suggests that while both brokers offer competitive trading solutions, easyMarkets may have a slight edge in overall platform satisfaction among users.
| 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.
If you're looking to trade on the go, both easyMarkets and FXOpen have mobile apps that support iPhone and Android devices. easyMarkets stands out with its ability to sync watchlists across devices, ensuring seamless transitions between mobile and desktop trading, a feature FXOpen lacks. FXOpen, however, provides stock and forex price alerts which are not available on the easyMarkets app. In terms of technical capabilities, easyMarkets offers a wider range of chart analysis tools with 81 technical studies compared to FXOpen’s 30. Both apps allow users to draw trendlines and view various time frames on their charts, although neither app saves these drawings automatically.
When it comes to creating a watchlist with real-time quotes, both easyMarkets and FXOpen provide this functionality, aligning them as strong options for active traders. Despite these similarities, easyMarkets edges out with a higher ranking from ForexBrokers.com, coming in at 29th compared to FXOpen’s 54th out of 62 brokers. Both platforms receive a respectable rating of 4 out of 5 stars for their mobile trading apps, making them viable contenders in the online trading arena. Whether prioritizing advanced charting tools or the convenience of price alerts, traders have distinct options tailored to their 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.
Both easyMarkets and FXOpen provide daily market commentary and access to forex news from prestigious sources like Bloomberg and Reuters. While neither broker offers research tools from Autochartist or Acuity Trading, easyMarkets distinguishes itself by providing Technical Analytics powered by Trading Central, a feature absent from FXOpen's offerings. Furthermore, easyMarkets includes a sentiment-based trading tool displaying long and short positions across currency pairs, a capability that FXOpen does not provide.
In terms of additional resources, both brokers feature an economic calendar showcasing significant global news events. However, when comparing research capabilities, easyMarkets receives a slightly higher rating of 3.5 stars compared to FXOpen's 3 stars. In rankings, ForexBrokers.com places easyMarkets at the mid-range position of #43 out of 62 brokers, whereas FXOpen trails behind at #62, reflecting its more limited research offerings.
| 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 exploring educational resources for beginners, easyMarkets stands out significantly compared to FXOpen. easyMarkets offers a rich variety of at least 10 educational pieces focused on forex and CFDs, which include articles, videos, and archived webinars. In addition, they provide monthly online webinars and have a searchable archive for those who wish to revisit past sessions. Beginners looking for video learning will appreciate easyMarkets' extensive library of beginner-level videos, alongside advanced content for experienced traders. Both platforms provide an investor dictionary with definitions for at least 50 investing terms, but easyMarkets seems to excel in making learning more accessible and interactive for new traders.
FXOpen, on the other hand, does not offer the same depth of educational resources as easyMarkets. It lacks a significant amount of beginner-friendly educational materials and webinars. Users will find no monthly webinars or archived past webinars for reference. As a result, while both platforms offer an investor dictionary, easyMarkets ensures more comprehensive support for those looking to understand trading dynamics from the ground up. In terms of education, easyMarkets is rated 3.5 stars and ranks #39 out of 62 brokers by ForexBrokers.com, while FXOpen lags behind with a 3-star rating and ranks #58.
| 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 62 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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| 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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