Company summary
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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
8.54
Regulated
Under guarantee
--
15-20 years
ASIC,CYSEC
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
VIP,Premium,Standard
--
10,000 USD
1:400
1.2 pips
0.00
Fixed
--
--
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
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
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.
Educational resources
A series of educational resources is available at FX Choice, such as market signals, autotrade, copy trading, VPS and EA.
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
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.
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.