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easyMarkets vs Spreadex 2022

BrokerNotes.co

Written by BrokerNotes.co

Last updated August 30, 2022
Published April 26, 2022

Trying to decide between easyMarkets and Spreadex? Weโ€™ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, easyMarkets ranks more highly than Spreadex.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall Rating expand_moreexpand_less easyMarkets Spreadex FOREX.com
Overall Rating 7.3 / 10 7.2 / 10 8.7 / 10
Account Type expand_moreexpand_less easyMarkets Spreadex FOREX.com
Standard Account Yes Yes Yes
Mini Account Yes Yes Yes
Micro Account Yes Yes Yes
Islamic Account Yes No Yes
Copy Trading expand_moreexpand_less easyMarkets Spreadex FOREX.com
Social Trading / Copy Trading Yes No No
DupliTrade No No No
ZuluTrade No No No
Cryptocurrency expand_moreexpand_less easyMarkets Spreadex FOREX.com
Cryptocurrency (Physical) No No No
Cryptocurrency (CFD) Yes Yes Yes
Bitcoin Yes Yes Yes
ethereum Yes Yes Yes
Forex Trading (Spot or CFDs) expand_moreexpand_less easyMarkets Spreadex FOREX.com
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Indices (Index CFDs) expand_moreexpand_less easyMarkets Spreadex FOREX.com
DAX Yes Yes Yes
Dow Jones Yes Yes Yes
FTSE Yes Yes Yes
NASDAQ 100 Yes Yes Yes
Nikkei Yes Yes Yes
SP 500 Yes Yes Yes
Investments expand_moreexpand_less easyMarkets Spreadex FOREX.com
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Spread Betting No Yes No
Social Trading / Copy Trading Yes No No
Metals Yes Yes Yes
Energies Yes Yes Yes
Agriculturals Yes Yes Yes
ETF No Yes Yes
U.S. Stocks (CFD) Yes Yes Yes
Trading Platforms expand_moreexpand_less easyMarkets Spreadex FOREX.com
Apple iOS App Yes Yes Yes
Android App Yes Yes Yes
Proprietary Platform Yes Yes Yes
Desktop Platform (Windows) Yes No Yes
Web Platform Yes Yes Yes
MetaTrader 4 (MT4) Yes No Yes
MetaTrader 5 (MT5) No No Yes
Regulatory Licenses expand_moreexpand_less easyMarkets Spreadex FOREX.com
Tier-1 Licenses 1 1 4
ASIC Authorised (Australia) Yes No No
IIROC Authorised (Canada) No No Yes
FCA Authorised (U.K.) No Yes Yes
SFC Authorised (Hong Kong) No No No
MAS Authorised (Singapore) No No No
FINMA Authorised (Switzerland) No No No
CFTC Registered (USA) No No Yes
Tier-2 Licenses 1 0 2
Tier-3 Licenses 1 0 1
Research, Education expand_moreexpand_less easyMarkets Spreadex FOREX.com
Trading Central (Recognia) Yes No Yes
Forex News (Top-Tier Sources) Yes Yes Yes
Daily Market Commentary Yes Yes Yes
Autochartist No No No
Investor Dictionary (Glossary) Yes Yes Yes
Videos - Beginner Trading Videos No Yes Yes
Client Webinars (Archived) No No No
Trading Costs expand_moreexpand_less easyMarkets Spreadex FOREX.com
Minimum Initial Deposit $100 $0 $100
Average Spread EUR/USD - Standard 0.9 (as of Mar 2020) -1 1.1 (US August 2021)
All-in Cost EUR/USD - Active 0.9 (as of Mar 2020) -1 1.1 (US August 2021)
Active Trader or VIP Discounts Yes No Yes
Bank Wire (Deposit/Withdraw) No Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes Yes
PayPal (Deposit/Withdraw) No No Yes
Trading Tools expand_moreexpand_less easyMarkets Spreadex FOREX.com
Watchlists - Total Fields 6 18
Mobile Watchlist Yes Yes Yes
Charting - Indicators / Studies (Total) (default MT4) 55 139
Mobile Charting - Indicators / Studies 81 N/A 88
Trust Factors expand_moreexpand_less easyMarkets Spreadex FOREX.com
Year Founded 2001 1999 1999
Publicly Traded (Listed) No No Yes
Bank No No No
Authorised in European Union Yes No Yes
Trust Score 84 70 99
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easyMarkets vs Spreadex Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare easyMarkets vs Spreadex.

Can I trust easyMarkets?

easyMarkets has a trust score of 84, giving it a "Trusted" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are โ€“ in most cases โ€“ operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a โ€œDo Not Trustโ€ rating.

Can I trust Spreadex?

Spreadex has a trust score of 70, giving it a "Average Risk" trust label.

Is easyMarkets a good broker?

easyMarkets provides a trading platform suite that is optimized for ease of use, and features a variety of trading and risk-management tools which are especially helpful for beginners. That said, easyMarkets' pricing is higher than the industry average, and its research materials and range of available symbols are limited compared to the best brokers.

Is Spreadex a good broker?

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. easyMarkets is ASIC Authorised (Australia), while Spreadex is FCA Authorised (U.K.)., neither have IIROC Authorised (Canada), SFC Authorised (Hong Kong), CBI Authorised (Ireland), FSA Authorised (Japan), MAS Authorised (Singapore), FMA Authorised (New Zealand), FINMA Authorised (Switzerland) and CFTC Registered (USA)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, easyMarkets is CySEC Authorised (Cyprus), while Spreadex is none., neither have CBRC Authorised (China), NSE Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), FSCA Authorised (South Africa), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses easyMarkets is FSC Authorised (British Virgin Islands), while Spreadex is none., neither have SCB Authorised (Bahamas), IFSC Authorised (Belize), BMA Authorised (Bermuda), CIMA Authorised (Cayman Islands), FSC Authorised (Mauritius) and VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

For trading platforms easyMarkets supports a Proprietary Platform and Desktop Platform (Windows), whereas Spreadex supports a Proprietary Platform., neither have cTrader, DupliTrade and ZuluTrade

Does easyMarkets offer MetaTrader? Does Spreadex offer MetaTrader?

For MetaTrader easyMarkets provides MetaTrader 4 (MT4), while Spreadex provides neither of these. If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers., neither have MetaTrader 5 (MT5)

How do easyMarkets and Spreadex differ in terms of minimum deposit? What about average spreads and funding options?

easyMarkets requires a minimum deposit of $100, while Spreadex requires a minimum deposit of $0. From our testing we found easyMarkets offers spreads of 0.9 (as of Mar 2020), while Spreadex offers spreads of -1. easyMarkets supports Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw) for popular funding options, where Spreadex supports Bank Wire (Deposit/Withdraw) and Visa/Mastercard (Credit/Debit)., neither have PayPal (Deposit/Withdraw)

Which brokers offers more tradeable asset classes, easyMarkets or Spreadex?

easyMarkets offers a more diverse selection of investment options than Spreadex allowing you to trade Forex Trading, Trading - Forex or CFDs, Social Trading / Copy Trading, Metals, Energies, Agriculturals and U.S. Stocks (CFD). Looking at total tradeable symbols, easyMarkets has 199, compared to 2000 from Spreadex.

Can I trade cryptocurrency with easyMarkets or Spreadex?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative โ€” including spot forex contracts. In terms of trading physical cryptocurrency neither easyMarkets nor Spreadex allow you to trade physical cryptocurrencies.

Who offers more research tools, easyMarkets or Spreadex?

In terms of research and research tools easyMarkets gives traders the following tools: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading. In comparison Spreadex has the tools listed here: Daily Market Commentary, Stock Charts and Forex News (Top-Tier Sources)., neither have Autochartist




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