Compare forex brokers eToro VS Easymarkets

If you're choosing between eToro and Easymarkets forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is eToro better than Easymarkets? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

ETORO VS EASYMARKETS

easyMarkets
easyMarkets Overview

easyMarkets is an online broker that prides itself as a simple and honest broker. It began operations way back in 2001 and it offers over 200 tradable assets on its cutting-edge platforms, which includes the MT4 and the proprietary platform.

eToro
eToro Overview

eToro is an online trading platform that was founded in 2007. eToro is the pioneering online broker for social trading. They also offer self trading. They are regulated by FCA, CySEC and ASIC.

# Broker's Features ETORO Availability EASYMARKETS Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare eToro vs Easymarkets.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. eToro offers Online Financial Trading and Investment Services Such as Bitcoin, while Easymarkets offers Currencies, Commodities, Indices, Cryptocurrency, Futures, Options.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. eToro is Market Maker, No dealing desk, STP, while Easymarkets is Market Maker.

Minimum Deposit Requirement: To compare these two FX brokers, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. eToro recommended minimum capital is 50, while Easymarkets has a Minimum Deposit Requirement of .

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. eToro is regulated by NFA, CySEC, ASIC, CFTC, MiFID, FCA, while Easymarkets regulated by ASIC, CySEC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Account currencies: Next lets consider the Account currencies each broker offers. eToro offers EUR, USD, GBP, JPY, CHF different account currencies for each account types, while Easymarkets offers USD, EUR, GBP, JPY, CHF, AUD, NZD, ZAR account currencies.

Languages Available: Next lets have a look at each broker's different Language options. eToro offers English, French, Spanish, German, Russian, Italian, while Easymarkets offers Arabic, Chinese, English, Polish, Spanish Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. eToro offers Credit/Debit Cards, PayPal, Bank Wire Transfer, Bitcoin different payment methods for each account types, while Easymarkets offers Credit/Debit Cards, Bank Transfer, Payoneer, Neteller payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, eToro makes eToro webTrader, etoro Openbook, eToro Mobile Trad available to clients, while Easymarkets offers easyMarkets Platform, MT4.

The Verdict: eToro or Easymarkets?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, eToro is more reliable based on our criteria above. eToro has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. Regulations play a huge role in protecting the traders/investors interest as they compel the financial service providers such as forex brokers to act in a fair and ethical manner. eToro broker is regulated in more major hubs. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. eToro has a wider range of languages in which customer service is offered making the broker more accessible. One of the criteria we looked at before opening an account on a forex broker is the minimum deposit amount. eToro broker offers lower minimum deposit requirement. As eToro offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades. As a market maker, eToro may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

What We Really Like on eToro

eToro offers commission-free stock and ETF trading in Europe and offers low fees for non-EU clients. Account opening is fast and seamless. It has innovative features like social trading that lets you copy others.

What We’d Like More on eToro

eToro has an unreliable customer service, and its trading platform freezes sometimes. Also, education tools are very limited.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.

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