easyMarkets , MONEX Broker Comparison

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.

  • WikiFX rating
  • Basic Information
  • Benchmark
  • Account
  • Relevant information
  • WikiFX rating
  • Basic Information
  • Benchmark
  • Account
  • Relevant information
 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
8.56
Regulated
Under guarantee
--
15-20 years
ASIC,CYSEC
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
VIP,Premium,Standard
--
10,000 USD
1:400
1.2 pips
0.00
Fixed
--
--
7.45
Regulated
Under guarantee
--
15-20 years
FSA
--
AA
A
420.2
296
296
345
1875
1875
532
AAA
--
25
-5
25
B
14.91 USD/Lot
44.59 USD/Lot
AA

Long: -3.5

Short: 1.5

Long: -3.75

Short: 1.75

D
1.1
369.8
--
--
--
--
--
--
--
--
--
--
--
--

easyMarkets 、 MONEX BrokersRelevant information

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, 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:

Forex broker introduction

easymarkets

Basic Information
Registered Country/Region Cyprus
Regulation CySEC, ASIC
Founding Time 2001
Minimum Deposit $100
Maximum Leverage 1:400
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.

Pros Cons
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

Market Instruments

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.

Account Types

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.

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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.

esayMarkets Leverage

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.

Trading Platforms

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.

deposit & withdrawal

Customer Support

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.

Educational Resources

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.

monex

Registered Country/Region Japan
Regulation FSA
Minimum Deposit N/A
Maximum Leverage 1:25
Minimum Spreads N/A
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.

Market Instruments

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.

MONEX Fees

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.

Customer Support

Clients with any inquiries or trading-related issues can get in touch with MONEX through the following contact channels:

Telephone: +81 0120-430-283

Email: feedback@monex.co.jp

You can also follow MONEX on some popular social media platforms, such as Twitter, Facebook and Youtube.

Pros & Cons

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.

Are the transaction costs and expenses of easymarkets, monex 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 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 --.

Which broker between easymarkets, monex 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. monex is regulated by FSA.

Which broker between easymarkets, monex 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 --. monex provides trading platform including -- and trading variety including --.

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