Do you want to know which is the better broker between easyMarkets and MONEX ?
In the table below, you can compare the features of easyMarkets , MONEX side by side to determine the best fit for your needs.
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, monex 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:
|Minimum Spreads||0.9 pip on EUR/USD pair|
|Trading Platform||MT4, WebTrader, Mobile App|
|Trading Assets||Forex instruments, global indices, energies, metals and cryptocurrencies including Bitcoin, Ripple and Ethereum.|
|Payment Methods||Bank Wire Transfer, Local Bank Credit/Debit Cards, NetellerSkrill, and more.|
|Customer Support||5 /24 Live Chat, Phone, Emails|
General Information & Regulation
esayMarkets was launched in 2001, is a reputable financial services provider. From its inception, easyMarkets has been committed to providing innovative products, tools, and services to its clients. easyMarkets, through its subsidiary Easy Forex Trading Ltd, is authorized by the Cyprus Securities and Exchange Commission (license number 079/07), and Easy Markets Pty Ltd is authorized by the Australian Securities and Investments Commission (license number 246566).
Pros & Cons of easyMarket
Account opening on easyMarekts is simple, and the platform offers a variety of useful features like comprehensive educational resources, a robust set of analytical tools, and a flexible selection of trading instruments. Payments are primarily based on typical spreads.
However, Forex and CFDs are the only instruments available, and there is no round-the-clock customer service.
|Multiple Regulation||High spreads compared to other brokers|
|Deposit Bonus Offered||Not accepting clients from USA and over 20 other countries.|
|High Leverage||Only supports 4 languages|
|Fixed spreads, no commissions||Demo account only valid for 7 days|
|Rich tradable assets|
|Additional educarional resources, trading tools|
easyMarkets offers investors a wide range of tradable financial instruments, including forex currency pairs, precious metals (gold, silver, palladium, platinum, copper), energies (West Texas light crude oil, heating oil, and natural gas), stocks, stock indices, commodities, digital currencies (Bitcoin, Ethereum, and Ripple), standard options and more.
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 seem way too high, 3000 AUD and 10,000 AUD respectively.
Demo Accounts Available
Demo accounts, also known as practice accounts, give traders the chance to test out a broker's services without actually risking any money.
Traders new to the market can practice their skills in a simulated trading environment by opening a “demo” account. Even if you are an experienced trader, you can benefit from a demo account and see what EasyMarkets has to offer.
The leverage level depends on instruments and platform traders trade, and maximum levearge offered by easyMarket is up to 1:400, the 1:50 for major crypto currency, quite high leverage, indeed.
|Standard Account||Premium Account||VIP Account|
|Max. Leverage (Web)||1:200||1:200||1:200|
|Max. Leverage (MT4)||1:400||1:400||1:400|
Spreads & Commissions
The spreads on the easyMarkets platform are 0.9 pips for EURUSD, 1.3 pips for GBPUSD, 1 pips for USDJPY, 1.5 pips for USDCHF, 2 pips for USOIL, and 1.8 pips for GER30. Moreover, easyMarkets has launched a series of promotions for new traders: investors are awarded a 30% (minimum $30, maximum $60) tradable bonus on their first deposit of $100-$199, a 50% (minimum $100, maximum $500) tradable bonus on their first deposit of $200-$1,000, a 50% (minimum $100, maximum $500) tradable bonus on their first deposit of 1000-$5000, 40% (min $400, max $2000) tradable bonus.
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.
Deposit & Withdrawal
easyMarket supports multiple payment options, including bank transfer, credit, debit, online cards, and a variety of eWallets, including Sofort, giropay, iDeal, WebMoney, BPAY, Neteller, Skrill, and fasapay.
easyMarkets' minimum deposit requirement is $100, however larger accounts with VIP and premium conditions require a greater minimum amount.
easyMarkers does not charge any fees for depositing or withdrawing funds. The fees are covered for all easyMarkets payment options; however, you should verify with your payment provider to determine whether or not they waive fees.
The EASYMARKETS customer service team can be reached via a number of different chat channels, email, phone, and web forms. The help desk is open around the clock and can communicate with customers in a wide variety of tongues.
Traders new to the field will find a wealth of helpful information in the learning center at easyMARKETS. This includes movies that provide a thorough introduction to the Forex market. Traders have access to downloadable eBooks, which largely consist of a Frequently Asked Questions (FAQ) part. The instructional component is promising but might use more work.
|Trading Platform||Monex Trader (Stocks & Futures), Monex Trader FX (Forex), Multiboard 500, Full Board Information Tool, Market Board, and Monex Vision|
|Customer Support||Email & Phone support|
General Information & Regulation
MONEX is an online securities company based in Tokyo, Japan, and wholly owned by the Monex Group. Monex is an online securities company formed through the merger of Monex, Inc. and Nikko Beans
MONEX currently holds a retail foreign exchange license (license number: 1010001064546) from the Financial Services Agency of Japan. MONEX, Inc. is a member of Japan securities Dealers Association, Type II Financial Instruments Firms Association, The Financial Futures Association of Japan, Japan Virtual and Crypto Assets Exchange Association and Japan Investment Adviser Association.
MONEX provides investors with products and services such as domestic stocks, US stocks, Chinese stocks, investment trusts, bonds, IPOs, stock lending services, ETFs, foreign exchange currency pairs, cryptocurrency CFDs, bonds, etc.
The diverse lineup of products offered by MONEX is from 110 yen for physical trading to 99 yen for margin trading (tax included), both beginners and experienced traders can make a small investment at a reasonable price. The monthly Fixed Commission Process calculates the commission for the total daily contract amount, which traders can choose according to their needs. For example, the brokerage fee for China stocks (tax included) is 0.275% of the contract price (minimum fee HK$49.5, maximum fee HK$495). The fee for Nikkei 225 Mini Index is 38 yen per order, and the fee for Nikkei 225 Futures is 275 yen per order.
Trading Platforms AVailable
MONEX offers a variety of trading platforms for traders to choose flexibly. These trading platforms are Monex Trader (Stocks & Futures), Monex Trader FX (Forex), Multiboard 500, Full Board Information Tool, Market Board, and Monex Vision.
Deposit and Withdrawal
MONEX offers a wide range of deposit and withdrawal options. Investors can fund their investment accounts through instant deposit services, regular automatic deposit services, ATM deposits through Monex Saison cards, bank transfers.
Clients with any inquiries or trading-related issues can get in touch with MONEX through the following contact channels:
Telephone: +81 0120-430-283
You can also follow MONEX on some popular social media platforms, such as Twitter, Facebook and Youtube.
Pros & Cons
|FSA-regulated||No clear Minimum deposit info|
|Diversified range of products & services||Average customer support|
|Multiple trading platform options|
|Various payment methods|
Frequently Asked Questions
Is MONEX regulated？
MONEX is authorized and regulated by the FSA in Japan under regulatory license number 1010001064546.
What trading instruments does MONEX offer？
Monex provides investors with products and services such as domestic stocks, US stocks, Chinese stocks, investment trusts, bonds, IPOs, stock lending services, ETFs, foreign exchange currency pairs, cryptocurrency CFDs, bonds, etc.
What is the minimum deposit amount required by MONEX ？
The minimum deposit amount to trade with Monex is unknown.
What trading platform does MONEX offer？
MONEX provides multiple trading platform options, including Monex Trader (Stocks & Futures), Monex Trader FX (Forex), Multiboard 500, Full Board Information Tool, Market Board, and Monex Vision.
Can I trade Forex pairs on the MONEX platform？
Yes, you can trade forex on the Monex platform.
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 monex 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 monex the spread is --.
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. monex is regulated by FSA.
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 --. monex provides trading platform including -- and trading variety including --.