easyMarkets
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75% of retail CFD accounts lose money.

Vs.

FXCM
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74-89% of retail CFD accounts lose money.

easyMarkets Vs. FXCM - Compare and Choose the Right One

Updated Dec 30 2021

Visit

75% of retail CFD accounts lose money.

Visit

74-89% of retail CFD accounts lose money.

Overview

Founded in 2001, easyMarkets offers three types of accounts – VIP, Premium and Standard – with fixed spreads for its Web, App and MT4 platforms.

FXCM is a global brokerage headquartered in the U.K that specialises in both retail and institutional trading with a comprehensive API offering.

Best For
  • Forex traders who want transparent trades with fixed spreads
  • Traders who want access to higher leverage with its global entities
  • Professional algorithmic traders looking to benefit from their comprehensive API offering 
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The Good
  • Low minimum deposit required for standard accounts
  • No fees or commissions
  • Clear trading conditions with fixed spreads
  • Offers free guaranteed stop loss
  • Comprehensive API offering with a variety of conditions and programming languages at no additional cost
  • Proprietary platform (Trading Station)
The Bad
  • Asset offering isn’t that comprehensive
  • There is no possibility of buying real stocks or ETFS
  • Limited trading hours
  • Lack of asset variety in their offering (over 300+ financial instruments)
  • Costly spreads when compared to similar competitors
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
1 Day 1 Day
📋 Documents Required
  • Valid identity documents (Passport, ID card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder’s name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

🏛 Financial Regulators
  • CySec (Cyprus)
  • FSA (Seychelles)
  • FSC (British Virgin Islands)
  • ASIC (Australia)
  • ASIC (Australia)
  • CySec (Cyprus)
  • FCA (United Kingdom)
  • FSCA (South Africa)
📍 Year Founded
2001 1999 (FXCM Group)
💳 Minimum Deposit

$, €, £ 25 for Standard account, 2,000 for premium and 10,000 for VIP 

€, £, $ - 50 (Varies by payment method)
💰 Payment Methods
  • Visa
  • Mastercard
  • American Express
  • Maestro
  • JCB
  • Skrill
  • Neteller
  • AstroPay
  • Sofort
  • giropay
  • Ideal 
  • Bank transfer
  • BPay
  • Fasapay
  • Sticpay
  • WebMoney
  • bitwallet
  • Perfect Money
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill

Skrill and Neteller are not available to FXCM EU clients at the moment

💵 Account Base Currencies

19 - EUR, CAD, CZK, JPY, NZD, USD, SGD, CHF, GBP, MXN, AUD, PLN, TRY, CNY, HKD, NOK, SEK, ZAR, BTC

4 - EUR GBP, USD, CHF.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, IL, CA, AF, AI, BI, KY, KY, TD, CD, CG, DM, GQ, FJ, GW, HY, HN, IR, IQ, LA, MZ, MM, NI, KP, PW, PA, SO, SS, SD, SY, TT, TM, VU, VE, YE RU, US, CA, JP, SK and more.
📊 STP Account
No No
📊 DMA Account
No No
📊 ECN Account
No No
Assets
📚 Available Assets

CFDs on commodities, forex, stocks, cryptocurrencies and indices.

CFDs on stocks, currencies, commodities, cryptocurrencies and indices

📙 Stocks
64 200+
📘 Currency Pairs
62 39
📗 Commodities
17 11
📕 Indices
13 15
📔 ETFs
N/A N/A
💸 Cryptocurrencies
17

6 (Cryptocurrencies CFDs are not available to retail clients residing in the UK)

📒 Bonds
N/A N/A
📓 Options
23 N/A
📗 Futures
No N/A
📝 Notes:

All of easyMarkets assets are CFDs

All of FXCM's assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
Varies per stock (Eg: AMZN 0.05, APPL 0.25) 1 share
📉 Minimum ETFs Trade Size
N/A N/A
📈 Minimum Crypto Trade Size
$2,500 (0.025 lots) 1 unit of any cryptocurrency
📉 Minimum FX Trade Size
Varies per commodity (Eg: $25 for WTI, $75 for XAG) $1000 (0.01 Lots)
📈 Minimum Commodities Trade Size
N/A Varies by Commodity (Eg: 1 Troy ounce of Gold)
📉 Minimum Bonds Trade Size
>N/A N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
Varies per option (Eg. 5 XAU for XAU/USD, 5,000 GBP for GBP/USD) N/A
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Up to 1:500 Up to 1:500 (Varies)
✍ Customisable Leverage
Yes, it's possible to adjust it using pre-set levels by EasyMarkets. No
🎲 Deleveraged Trading
No No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes Yes
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No Yes
👫 Social Trading
No Yes
🔑 Guaranteed Stop-loss
Yes, for Web and App accounts No
🔨 Trailing Stop-loss
No Yes
Fees
💰 Inactivity Fee
N/A

50 units of the account's base currency yearly after 1 year of inactivity.

💰 Deposit Fees
No No
💰 Withdrawal Fees
No

Yes on bank transfer withdrawals depending on location (from $10 to $40 on local currency).

💰 Commissions
No No
Spreads
📈 EUR/USD

Fixed per account (Eg: 1.7 Pips Standard MT4, 1.2 Pips Premium MT4 and 0.7 Pips VIP MT4)

From 1.2 Pips (As per our research)
📉 SP500
Fixed at 150 Pips Dynamic - From 58 Pips (As per our research)
📈 GOLD

Fixed per account (Eg: $0.05 Standard MT4, $0..4 Premium MT4 and $0.03 for VIP MT4)

Dynamic - From 41 Pips (As per our research)
📉 TSLA (Stock CFD)
$13 Dynamic - From $1.04 (As per our research)
📈 XLK (ETF - CFD)
N/A N/A
📉 BTC

Fixed from $110 for Web/App and $100 for MT4 accounts

Dynamic - From $51 (As per our research)
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes Yes
📡 Reuters Feed
No No

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