When choosing a broker, it’s crucial to compare features, fees, and services to find the best fit for your trading needs. In this post, we’ll compare two popular brokers: Exness and easyMarkets. We’ll look at their key features, trading platforms, fees, and more to help you make an informed decision.
| Feature | Exness | Easy Markets |
|---|---|---|
| Founded | 2008 | 2001 |
| Regulation | FCA, CySEC, and other global regulators | ASIC, CySEC |
| Trading Instruments | Forex, cryptocurrencies, commodities, indices | Forex, cryptocurrencies, commodities, indices |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | Proprietary platform, MetaTrader 4 (MT4) |
| Spreads | Variable (Standard and Raw Spread Accounts) | Fixed Spreads |
| Fees | Low spreads, variable commissions | Fixed spreads; higher overall cost |
| Leverage | Up to 1:2000 | Up to 1:400 |
| Minimum Deposit | As low as $1 (depends on account type) | Higher minimum deposit required |
| Customer Support | 24/5 support via live chat, email, phone | 24/5 support via live chat, phone |
| Unique Features | High leverage options, multiple account types | DealCancellation, proprietary trading tools |
| Educational Resources | Good range of resources | Extensive educational materials |
| Safety | Regulated by multiple authorities | Strong regulatory oversight |
Overview of Exness and Easy Markets
Exness and easyMarkets are well-known in the trading world, offering a range of services for both beginners and experienced traders. Each broker has its strengths, and understanding them will help you choose the one that aligns with your trading goals.
Exness Overview
Exness was founded in 2008 and has since grown into a major player in the trading industry. Known for its wide range of trading instruments, Exness offers forex, cryptocurrencies, commodities, and indices. It is regulated by several authorities, including the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).
Key Features of Exness:
- Diverse Trading Instruments: Trade in forex, cryptocurrencies, commodities, and indices.
- Low Minimum Deposit: Start trading with a low initial deposit.
- High Leverage: Offers high leverage options for more trading flexibility.
- Multiple Account Types: Choose from different account types based on your trading style and experience.
easyMarkets Overview
easyMarkets has been around since 2001, providing trading services with a focus on user-friendly platforms and a wide range of trading tools. It offers forex, commodities, indices, and cryptocurrencies, with regulation by authorities like the Australian Securities and Investments Commission (ASIC) and CySEC.
Key Features of Easy Markets:
- Fixed Spreads: Enjoy fixed spreads for better predictability in trading costs.
- No Slippage Policy: No slippage on market orders, ensuring that your trades are executed at the expected price.
- Innovative Tools: Access to trading tools such as dealCancellation and EasyMarkets proprietary platform.
- Educational Resources: Extensive resources to help traders improve their skills and knowledge.
Exness vs easyMarkets Comparison
Here’s how Exness and Easy Markets stack up against each other:
1. Trading Platforms
Exness offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5), two of the most popular trading platforms. These platforms are known for their advanced charting tools, automated trading options, and user-friendly interfaces.
Easy Markets provides its proprietary trading platform, which is designed for ease of use. It also supports MetaTrader 4, giving traders the option to use a platform they’re comfortable with.
2. Fees and Costs
Exness generally has lower spreads and fees compared to Easy Markets, but this can vary based on the account type and trading volume. Exness offers both standard and raw spread accounts, with raw spread accounts having lower spreads but higher commissions.
Easy Markets is known for its fixed spreads, which can be beneficial for traders who prefer predictable trading costs. However, the overall cost might be higher due to the fixed spread model.
3. Customer Support
Both brokers offer strong customer support. Exness provides 24/5 support via live chat, email, and phone. easyMarkets also offers 24/5 support through various channels, including live chat and phone, with a reputation for responsive service.
4. Regulation and Safety
Exness is regulated by several reputable authorities, including the FCA and CySEC, ensuring a high level of safety and transparency.
Easy Markets is regulated by ASIC and CySEC, providing a secure trading environment with a focus on client protection.
5. Account Types and Minimum Deposits
Exness offers multiple account types with varying minimum deposit requirements. This flexibility allows traders to choose an account that suits their needs and budget.
Easy Markets also offers various account types, but the minimum deposit may be higher compared to Exness. The focus here is on providing a consistent trading experience with fixed spreads.
Bottom Line
When comparing Exness vs easyMarkets, the choice ultimately depends on your trading preferences and needs. Exness is ideal if you’re looking for low fees, high leverage, and advanced trading platforms. On the other hand, Easy Markets is a strong contender if you prefer fixed spreads, innovative trading tools, and a focus on user-friendly platforms.
Both brokers have their unique advantages, so consider what’s most important for your trading style and goals.
Editorial Staff at Chweya is a team of financial experts led by Vincent Nyagaka, with over 9 years of experience in finance, commerce, forex, crypto, and marketing. Started in 2014, Chweya is now among the largest free financial resource sites in the industry and is often referred to as Wikipedia for business.