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 |
When comparing easyMarkets and TopFX, each online broker offers unique fee structures suitable for different trading preferences. easyMarkets provides a straightforward pricing model with fixed spreads starting at 0.8 pips for EUR/USD on its proprietary platform and TradingView. Those using MT4 experience a higher spread at 1.7 pips for Standard accounts; however, VIP account holders enjoy a reduced spread of 0.7 pips. For MT5 users, spreads are variable and begin at 0.7 pips. easyMarkets is awarded a 3.5-star rating for commissions and fees, ranking #51 out of 62 brokers according to ForexBrokers.com.
TopFX caters to traders by offering two main account types on MetaTrader and cTrader platforms: the ZERO account and the RAW account. The ZERO account is commission-free and features higher spreads, averaging 1.03 pips for EUR/USD. Conversely, the RAW account charges a commission of 2.75 EUR per side, with an average spread of 0.33 pips for EUR/USD, translating to an all-in cost of approximately 0.88 pips. For its pricing structure, TopFX earns a 4-star rating and is ranked #40 out of 62 brokers by ForexBrokers.com.
In summary, if you prioritize lower costs and don't mind paying commissions for tighter spreads, TopFX's RAW account may be more suitable. On the other hand, easyMarkets may appeal to those seeking fixed costs and simplicity, especially on their proprietary platform. Each broker's pricing structure caters to different trading styles and preferences, offering a range of options for both new and experienced traders.
| 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.
easyMarkets and TopFX both provide opportunities for forex trading, offering contracts for difference (CFDs) and spot contracts. easyMarkets stands out with 63 tradeable forex pairs compared to TopFX's 60, but TopFX boasts a larger total of 655 tradeable symbols versus easyMarkets' 230. Both brokers facilitate trading in cryptocurrency derivatives but do not offer the ability to buy actual cryptocurrency. Similarly, neither platform supports trading of exchange-traded securities, such as stocks from the U.S. or international exchanges.
Another feature common to both easyMarkets and TopFX is copy trading, allowing users to mirror successful trading strategies. Despite these offerings, both brokers share a rating of 3.5 stars for their range of investments, as evaluated by ForexBrokers.com. However, TopFX is ranked slightly higher at #46 out of 62 brokers in the Range of Investments category, while easyMarkets is ranked at #54. This comparison highlights that while both brokers have similar strengths, TopFX offers a broader variety of tradeable symbols.
| 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.
For traders choosing between easyMarkets and TopFX, both offer strong support with their trading platforms and tools, including simulated trading with free virtual demo accounts. easyMarkets stands out by providing a proprietary platform developed in-house, whereas TopFX does not have a proprietary option. Both brokers support the widely-used MetaTrader 4 (MT4) and offer Windows-based desktop and web-based trading platforms. However, only easyMarkets offers MetaTrader 5 (MT5). Additionally, easyMarkets and TopFX provide copy trading, enhancing accessibility for traders wanting to follow and mimic the trades of others.
When it comes to charting tools, easyMarkets provides a more extensive array with 30 drawing tools compared to TopFX's 15. Both brokers enable trading directly from stock charts, but easyMarkets slightly edges out TopFX in watch list customization, offering 8 fields versus TopFX’s 7. The trading platforms and tools for both brokers receive a commendable four-star rating, though easyMarkets ranks slightly better at #35 compared to TopFX's #44 out of 62 brokers, as per ForexBrokers.com. Thus, easyMarkets may be more appealing to traders who value proprietary platforms and a broader selection of charting tools and watch list options.
| 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.
Both easyMarkets and TopFX offer mobile trading apps compatible with iPhones and Android devices, providing keen traders with flexibility and convenience. While easyMarkets' app excels with features like watchlist symbol syncing, which ensures your watchlist updates seamlessly across devices, TopFX stands out for providing stock or forex price alerts, a feature easyMarkets lacks. In terms of charting capabilities, easyMarkets leads with an impressive offering of 81 technical studies, while TopFX provides 30. Both apps allow users to draw trendlines and view charts in multiple time frames, although only TopFX autosaves these chart drawings.
For creating tailored watchlists complete with real-time quotes, both easyMarkets and TopFX deliver, yet it's easyMarkets' user experience that seems to captivate more traders. Rated four out of five stars by users, both apps receive equal praise, although ForexBrokers.com ranks easyMarkets considerably higher, placing it at 29th out of 62 brokers for mobile trading apps, compared to TopFX's 51st position. This higher ranking, combined with easyMarkets’ advanced charting tools and synchronized watchlist capabilities, suggests a preferred choice for traders looking for an integrated mobile trading experience.
| 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 it comes to market research, easyMarkets and TopFX both provide valuable insights for traders. easyMarkets distinguishes itself by offering daily market commentary, which TopFX does not provide. Both brokers offer forex news from respected sources like Bloomberg and Reuters. In terms of technical and fundamental analysis tools, TopFX partners with Autochartist, while easyMarkets does not. However, both platforms use Trading Central tools, which include essential technical analytics.
Further comparing their offerings, easyMarkets and TopFX both provide sentiment-based trading tools and economic calendars covering major global events. Neither broker offers market research from TipRanks or tools from Acuity Trading like Signal Centre. When rated for research, easyMarkets scores 3.5 out of 5 stars, slightly ahead of TopFX's 3 stars. easyMarkets is ranked 43rd among 62 brokers by ForexBrokers.com in the Research category, whereas TopFX is ranked 59th, indicating that easyMarkets has a stronger research reputation according to these evaluations.
| 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 comparing the educational resources available to beginners between easyMarkets and TopFX, easyMarkets stands out with a range of offerings tailored for new traders. easyMarkets provides more than 10 educational pieces on forex or CFDs, including a mix of articles, videos, and webinars, specifically designed to help beginners learn the ins and outs of trading. They also host monthly online webinars and maintain a searchable archive for clients to review past sessions. In addition, easyMarkets offers a comprehensive video library featuring both beginner and advanced educational topics, along with an investor dictionary that breaks down over 50 investing terms. The overall educational experience at easyMarkets is rated 3.5 stars and ranks #39 out of 62 brokers on ForexBrokers.com.
On the other hand, TopFX offers considerably less when it comes to educational resources for beginners. They fall short of providing the minimum 10 educational pieces focused on forex or CFDs and do not host regular educational webinars or maintain any archives of past sessions. Furthermore, TopFX does not have an extensive library of beginner or advanced educational videos, nor do they provide an investor dictionary. Consequently, TopFX's resources for beginners are rated 3 stars, placing them at #60 in the Education category according to ForexBrokers.com. This comparison indicates that easyMarkets is a better choice for beginners seeking comprehensive educational support to get started with trading.
| 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 62 of the best forex brokers, our research and account testing finds that easyMarkets is better than TopFX. easyMarkets finished with an overall rank of #43, while TopFX finished with an overall rank of #61.
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
|
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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