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easyMarkets , FX Choice Broker Comparison

Do you want to know which is the better broker between easyMarkets and FX Choice ?

In the table below, you can compare the features of easyMarkets , FX Choice side by side to determine the best fit for your needs.

  • WikiFX rating
  • Basic Information
  • Benchmark
  • Account
  • Relevant information
  • Relevant exposure
  • WikiFX rating
  • Basic Information
  • Benchmark
  • Account
  • Relevant information
  • Relevant exposure
 2 / 3   brokers in total
WikiFX rating
Score
Regulatory Status
WikiBit Guarantee
WikiFX Survey
Risk Evaluation
WikiFX exposure
Basic Information
Established
Regulatory license
MT4
MT5
Cryptocurrency
Deposit and withdrawal method
Benchmark
Transaction environment rating
Transaction Speed
Transaction speed rating
Average transaction speed
The highest transaction speed
The highest speed of opening positions
The highest speed of closing position
Slowest transaction speed
The lowest speed of opening positions
The lowest speed of closing position
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Rollover Cost
Rollover cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time
Account
Accounts
Account name
Products
Funding Requirement
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum position
Cryptocurrency
Lock postition
Scalping
EA trading
easyMarkets
8.54
Regulated
Under guarantee
--
15-20 years
ASIC,CYSEC
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
VIP,Premium,Standard
--
10,000 USD
1:400
1.2 pips
0.00
Fixed
--
--
FX Choice
5.76
Offshore Regulatory
Under guarantee
--
2-5 years
FSC
--
A
D
849.3
437
437
--
1922
1922
--
AA

EURUSD: -0.9

XAUUSD: --

8
-2
8
A
20.27 USD/Lot
--
A

Long: -8.21

Short: 2.33

Long: -5.38

Short: 0.16

C
1
69
Classic Account,Pro Account
36 currency pairs; Indices, Metals, Commodities, Energies, Cryptocurrencies
$100
1:200
0.5
15.00
--
0.01
--

easyMarkets 、 FX Choice BrokersRelevant information

easyMarkets 、 FX Choice BrokersRelevant exposure

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of easymarkets, fx-choice lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

easymarkets

Registered in Cyprus
Regulated by CYSEC, ASIC
Year(s) of establishment 15-20 years
Trading instruments Forex instruments, global indices, energies, metals and cryptocurrencies including Bitcoin, Ripple and Ethereum.
Minimum Initial Deposit 200 AUD
Maximum Leverage 1:400
Minimum spread 0.0 pips onwards
Trading platform MT4, WebTrader, Mobile App
Deposit and withdrawal method Bank Wire Transfer, Local Bank Credit/Debit Cards, NetellerSkrill, and more.
Customer Service Email/ phone number/ address
Fraud Complaints Exposure Yes

General information and regulations of easyMarkets

easyMarkets is an online forex broker registered in Cyprus, well regulated by ASIC and CYSEC and has a history more than a decade.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.

At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.

General information

Market instruments

Currency pairs, indices, commodities, metals, energy, cryptocurrencies, options.....easyMarkets allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on easyMarkets.

market instruments

Spreads and commissions for trading with easyMarkets

easyMarkets does not detail on its website additional trading costs such as spreads, SWAPs, etc. These costs are very important when calculating profits and losses, and should be considered in aggregate and not chosen in isolation. If you want to trade with easyMarkets, we recommend that you take the time to calculate these transaction costs. However, we can see that all accounts in easyMarkets have no commissions.

Account Types for easyMarkets

Demo Account: easyMarkets provides a demo account that allows you to try out the financial markets without the risk of losing money.

Live Account: easyMarkets offers three account options for traders, namely the Standard, the Premium and the VIP accounts. The Standard account requires a minimum deposit of 200 AUD, and it should be noted that the initial deposit requirement for the premium and the VIP account are higher, 3000 AUD and 10,000 AUD respectively.

account types

Trading platforms offered by easyMarkets

easyMarkets offers traders the flexibility to choose from the easyMarkets web platform, mobile app, and easyMarkets MT4 trading software. The easyMarkets platform is user-friendly, and feature-rich, also suitable for experienced traders. Traders can access easyMarkets' free guaranteed stop loss, no slippage, fixed spreads, and access fees. The easyMarkets trading application offers various trading options based on the trader's objectives and strategies, providing access to market dynamics and real-time prices without leaving the application. The easyMarkets MT4 includes over 80 markets in currencies, metals, commodities, indices, and cryptocurrencies with the ability to trade CFDs with one click, create custom trading templates, or select pre-involved templates. MT4 is available for iPhone, iPad, Android phones, tablets, and PCs.

trading platform

Leverage offered by easyMarkets

You can't find information about trading leverage on easyMarkets's website. Some forex brokers offer leverage of up to 1:500, but newbies are advised to be cautious about such high leverage.

Deposit and withdrawal methods and fees

easyMarkets is ambiguous about how deposits and withdrawals work. Wire transfers, MasterCard, VISA, Maestro and some e-wallet processors such as Skrill, Neteller, PayPal and others are some of the most frequent and popular payment methods handled by most Forex brokers. The speed of withdrawing funds from a forex broker is also one of the most important factors in building a broker's reputation.

Educational resources

A series of educational resources is available at easyMarkets, such as webinars, technical analysis, fundamental analysis, knowledge, articles, strategies, and so on.

educational resources

Customer support of easyMarkets

Below are the details about the customer service.

Language(s): English

Service hours: 24/5

Telephone: 1300 303 908

Sydney: +61 2 9299 5800

Sydney Dealing Room Direct Tel: +61 2 9299 9466

fax to: Sydney: +61 2 9299 6800

Email: pacific@easymarkets.com

Address: Sydney: Suite 703, 65 York Street, Sydney NSW 2000.

Social media: Facebook, Weibo, google+, LinkedIn, YouTube, twitter

customer support

Users exposures on WikiFX

On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

users' exposure

Advantages and disadvantages of easyMarkets

Advantages:

Well regulated

MT4

Educational resources

Many instruments available

Demo account

Disadvantages:

Complaints

Few information available

No MT5

No copy trading

Frequent asked questions about easyMarkets

Is this broker well regulated?

Yes, it is currently effectively regulated by ASIC and CYSEC.

fx-choice

Registered in Belize
Regulated by FSC
Year(s) of establishment 2-5 years
Trading instruments Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks
Minimum Initial Deposit $10
Maximum Leverage 1:200
Minimum spread 0.0 pips onwards
Trading platform MT4, MT5, webtrader
Deposit and withdrawal method cryptocurrencies, visa, MasterCard, perfectmoney, skrill, neteller, astropay and many other options
Customer Service Email/phone number/address/live chat
Fraud Complaints Exposure Yes

General information and regulations of FX Choice

With a history between 2 and 5 years, FX Choice is an online forex broker regulated by FSC and is dedicated to providing a series of common forex instruments.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.

At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.

Market instruments

Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks.....FX Choice allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on FX Choice.

market instruments

Spreads and commissions for trading with FX Choice

The spreads vary from accounts and instruments to accounts and instruments. For example. We can see that the minimum spread in standard, optimum and pro account are respectively 0.5 pips, 1.5 pips and 0 pips. Only pro account has a commission of 3.5 USD per lot, while other two types of accounts are commission-free.

spreads

Account Types for FX Choice

Demo Account: FX Choice provides a demo account that allows you to try out the financial markets without the risk of losing money.

Live Account: FX Choice offers a total of 3 account types: classic, optimum and pro. The minimum deposit to open an account is $100, $10 and $100 respectively. Its not very demanding to open an account in FX Choice when it comes to minimum deposits. However, we should also realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.

account types

Trading platforms offered by FX Choice

As for trading platforms, clients can choose between the market leaders MetaTrader4 and MetaTrader5, which can be accessed from many devices.

However, have you ever wondered or are you wondering which platform you should use? Our team has the corresponding article for your reference. The article details the similarities and differences between the two and gives specific advice.

https://www.wikifx.com/es/wikishow/202207208464173722.html

trading platform

Leverage offered by FX Choice

Although some brokers offer leverage up to 1:500 or even 1:1000, the leverage of 1:200 offered by FX Choice is sufficient for the average trader. This is because the more leverage you have, the more risk you take with your money. Even professional traders, let alone novices, should not be tempted to use leverage as large as 1:500.

Deposit and withdrawal methods and fees

Many deposits and withdrawals methods are available in FX Choice, like many cryptocurrencies, visa, MasterCard, perfectmoney, skrill, neteller, astropay and many other options.

deposit and withdrawal
deposit and withdrawal

Educational resources

A series of educational resources is available at FX Choice, such as market signals, autotrade, copy trading, VPS and EA.

educational resources

Customer support of FX Choice

Below are the details about the customer service.

Language(s): English, Spanish, Chinese, Portuguese, French, Arabic, Thai language.

Service hours: 24/5

Email: qc@myfxchoice.com

Phone Number: +52 556 826 8868

Address: Corner Hutson & Eyre Street, Blake Building, Suite 302, Belize City, Belize

Other services: call back and live chat

customer support

Users exposures on WikiFX

On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

users' exposure

Frequent asked questions about FX Choice

Is this broker well regulated?

No, it is currently not effectively regulated and you are advised to be aware of its potential risks.

Are the transaction costs and expenses of easymarkets, fx-choice lower?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To get a comprehensive understanding of how cheap or expensive easymarkets and fx-choice are, we first considered common fees for standard accounts. On easymarkets, the average spread for the EUR/USD currency pair is 1.2 pips pips, while on fx-choice the spread is 0.5.

Which broker between easymarkets, fx-choice is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

easymarkets is regulated by ASIC,CYSEC. fx-choice is regulated by FSC.

Which broker between easymarkets, fx-choice provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

easymarkets provides trading platform including VIP,Premium,Standard and trading variety including --. fx-choice provides trading platform including Classic Account,Pro Account and trading variety including 36 currency pairs; Indices, Metals, Commodities, Energies, Cryptocurrencies.

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