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 easyMarkets and iFOREX, easyMarkets offers a range of account options with differing spreads. On the easyMarkets platform and TradingView, the spreads are fixed at 0.8 pips for EUR/USD. However, if you opt for MT4, the Standard account has a higher spread of 1.7 pips, although their VIP account reduces it to 0.7 pips. For those using MT5, the spreads are not fixed and start from as low as 0.7 pips. Overall, easyMarkets earns a 3.5-star rating for commissions and fees and ranks at #51 out of 62 brokers, according to ForexBrokers.com.
In contrast, iFOREX does not provide specific data on their average spreads, making it difficult to directly compare costs upfront. Due to this lack of transparency, they receive a slightly lower rating of 3 stars for commissions and fees. Additionally, iFOREX ranks towards the bottom at #60 out of 62 brokers in the same category as reported by ForexBrokers.com.
Overall, easyMarkets provides more detailed information about its spreads, which can be beneficial for traders looking for clarity on their trading costs, whereas iFOREX may offer less upfront transparency in this area, contributing to its lower ranking and star rating.
| 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.
easyMarkets and iFOREX both provide forex trading as CFDs, offering traders flexibility in managing their positions. However, iFOREX presents a more extensive variety with 750 tradeable symbols, compared to easyMarkets' offering of 230. While easyMarkets provides access to 63 tradeable forex pairs, iFOREX expands on this by offering 88 pairs. Neither platform allows users to invest in exchange-traded securities on U.S. or international exchanges, such as purchasing shares in companies like Apple or Vodafone.
Despite these similarities, easyMarkets stands out by supporting copy trading, an option iFOREX currently lacks. Both platforms allow trading of cryptocurrency derivatives rather than actual cryptocurrency ownership. Evaluated on the range of investments, both easyMarkets and iFOREX received a 3.5-star rating. However, in the broader market context, iFOREX ranks slightly higher at 41 out of 62 brokers, tallying ahead of easyMarkets, which is positioned at 54.
| 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 offer proprietary platforms to cater to the diverse needs of their users. While easyMarkets goes a step further by offering a comprehensive suite of platforms, including a Windows-based desktop download and MetaTrader 4 and 5 integration, iFOREX relies on its web-based offering without support for these popular trader tools. easyMarkets enhances user experience with a free virtual demo account for simulated trading, allowing beginners to practice before diving into real market scenarios. In contrast, iFOREX does not provide this feature, possibly making it less appealing to newcomers seeking risk-free training options.
For traders keen on detailed analysis, charting tools play a crucial role. easyMarkets provides 30 drawing tools and allows direct trading from charts, while iFOREX offers 25 drawing tools but also supports direct chart trading. When it comes to watch lists, iFOREX slightly edges out by offering more columns for greater customization. Despite their differences, both brokers have received a rating of 4 stars for their trading platforms and tools, with easyMarkets ranked higher at #35 compared to iFOREX’s #54 by ForexBrokers.com. This overview highlights easyMarkets as a versatile choice for those valuing simulated trading and robust charting options, whereas iFOREX may appeal to those preferring a straightforward web-based experience.
| 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 choosing between easyMarkets and iFOREX for mobile trading, both brokers provide apps for iPhone and Android devices, ensuring accessibility across popular smartphones. However, easyMarkets offers a more feature-rich experience with 81 technical studies for charting, compared to iFOREX, which does not specify its number. Trendline drawing tools and multi-time frame views are available with easyMarkets, enhancing chart analysis, while iFOREX lacks these features. Both platforms do not save chart drawings automatically or provide stock and forex price alerts, but easyMarkets shines with watchlist symbol syncing capabilities, allowing seamless integration with your online account, a feature absent in iFOREX. Furthermore, easyMarkets allows for the creation of watchlists with real-time quotes, unlike iFOREX.
Though both apps receive a user rating of 4 stars, the ForexBrokers.com ranking reflects a difference in overall performance, placing easyMarkets at 29th compared to iFOREX at 55th out of 62 brokers. This suggests that easyMarkets may be a more favorable option for traders seeking a comprehensive mobile trading experience, particularly those who value analytical tools and watchlist management. Consider your specific trading needs and preferences when deciding which app best suits your requirements.
| 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 it comes to daily market insights, both easyMarkets and iFOREX provide daily commentary to keep traders informed. However, easyMarkets takes the lead in offering forex news from top-tier sources like Bloomberg and Reuters, while iFOREX does not extend this feature. Both brokers offer access to Trading Central's expertise with their technical analytics tools, giving traders valuable market insights and analysis. Additionally, each platform offers sentiment-based trading tools allowing traders to gauge long or short positions across various currency pairs, aiding strategic decision-making.
Although neither easyMarkets nor iFOREX provides tools from Autochartist, TipRanks, or Acuity Trading, they both supply economic calendars displaying global news events crucial for trading. For their research capabilities, both platforms are rated at 3.5 stars. Yet, easyMarkets gains a slight edge in broader rankings, holding the #43 spot out of 62 brokers on ForexBrokers.com, while iFOREX ranks at #48. This positions easyMarkets as a slightly more advantageous choice for traders prioritizing comprehensive news access and higher-tier research features.
| 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 by offering more comprehensive options compared to iFOREX. Beginners can find over ten educational materials such as articles, videos, and archived webinars on forex and CFDs topics at easyMarkets. This platform also hosts monthly online educational webinars, providing clients with a chance to deepen their understanding of trading. Additionally, easyMarkets offers a searchable archive of past webinars and has ten beginner-focused trading videos, making it a valuable resource for both new and seasoned traders seeking to expand their knowledge.
On the other hand, while iFOREX provides beginner educational videos, it does not match easyMarkets in other educational offerings. iFOREX lacks the extensive range of educational articles, webinars, and an investor dictionary found on easyMarkets. Both platforms, however, share a 3.5-star rating for education, yet easyMarkets ranks higher in the educational category according to ForexBrokers.com, positioned at number 39 out of 62 brokers, while iFOREX ranks at 53. Overall, for beginners looking for a more diverse educational experience, easyMarkets proves to be the stronger choice.
| 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 62 of the best forex brokers, our research and account testing finds that easyMarkets is better than iFOREX. easyMarkets finished with an overall rank of #43, 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
|
|---|---|---|
| Overall Rating |
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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 | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| 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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