Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.
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BrokerDNA™
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
EasyMarkets
9.2
/10
VISIT EASYMARKETS
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
XTB
10
/10
VISIT XTB
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
Pepperstone
9.3
/10
VISIT PEPPERSTONE
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
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About |
EasyMarkets is regulated by ASIC, CySEC, AFN. EasyMarkets have provided Forex trading services since 2001. |
XTB is regulated by the Financial Conduct Authority. XTB have provided Forex, CFD, and social trading services since 2002. |
Pepperstone is regulated by ASIC. Pepperstone have provided Forex trading services since 2010. |
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Why choose them? |
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Headquarters | Limassol, Cyprus | Level 34, One Canada Square, Canary Wharf, E14 5AA, London, UK | Melbourne, Australia | |
TRADING SERVICES OFFERED |
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Spot Forex | ||||
Forex (CFD) | ||||
CFD | ||||
Spread Betting | ||||
Social Trading | ||||
MARKETS & INSTRUMENTS | ||||
Forex (currency pairs) | 135 | 48 | 61 | |
Commodities Offered | 0 | 21 | 12 | |
Stocks Offered | 0 | 1606 | 60 | |
Bitcoin | ||||
Majors | ||||
Indices | ||||
US Stocks | ||||
Penny stocks | ||||
Energies | ||||
Metals | ||||
Agriculturals | ||||
FTSE | ||||
Dow Jones | ||||
Dax | ||||
Nikkei | ||||
ETFs | ||||
IPO | ||||
See all instruments
83% of retail investor accounts lose money when trading CFDs with this provider. |
See all instruments
82% of retail investor accounts lose money when trading CFDs with this provider. |
See all instruments
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% 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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PLATFORM & FEATURES |
See the platforms and features offered by each broker |
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Screenshot |
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MT4 | ||||
MT5 | ||||
MT4 Mac | ||||
WebTrader | ||||
Mirror Trader | ||||
ZuluTrade | ||||
Sirix | ||||
cTrader | ||||
PAMM | ||||
Custom Platforms | easyMarkets | Xstation5 | No | |
APPS |
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iOS |
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Android |
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Windows |
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Available Languages |
English, German, Arabic, Greek, Russian, Chinese, Spanish, French, Polish, and Hebrew |
English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian. |
English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |
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See platform & features
83% of retail investor accounts lose money when trading CFDs with this provider. |
See platform & features
82% of retail investor accounts lose money when trading CFDs with this provider. |
See platform & features
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% 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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ACCOUNT INFORMATION |
From micro accounts to ECN accounts, compare the accounts offered by EasyMarkets and XTB |
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Demo account | ||||
Mini account | ||||
Micro account | ||||
Standard account | ||||
ECN Account | ||||
Islamic account | ||||
Zero spread account | ||||
VIP account | ||||
Fixed spreads | ||||
Variable spreads | ||||
See account options
83% of retail investor accounts lose money when trading CFDs with this provider. |
See account options
82% of retail investor accounts lose money when trading CFDs with this provider. |
See account options
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% 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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TRADING CONDITIONS |
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Scalping | ||||
Hedging | ||||
Expert advisors (EAs) | ||||
Virtual private server | ||||
Direct market access | ||||
STP broker | ||||
Market maker | ||||
Min trade | Varies | 0.01 Lot | 0.01 Lot | |
Max trade | Varies | 100 Lot | None | |
Min deposit | $1 | $1 | $200 | |
RISK MANAGEMENT |
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Stop losses | ||||
Limit orders | ||||
One-click trading | ||||
Trailing stops | ||||
Price alerts | ||||
Signal trading | ||||
FUNDING METHODS |
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Credit card | ||||
Bank transfer | ||||
Standard account | ||||
Paypal | ||||
Neteller | ||||
Skrill | ||||
Payment processing time | 1-5 business days | Same day if requested before 1PM | Varies | |
Withdrawal processing time | 1-5 business days | Same day if requested before 1PM | Varies | |
See all funding options
83% of retail investor accounts lose money when trading CFDs with this provider. |
See all funding options
82% of retail investor accounts lose money when trading CFDs with this provider. |
See all funding options
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% 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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DETAILED INFO |
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Excluded countries | US,IN,PK,BD,IQ,IR,IL,AF,AU,CA | US,IN,PK,BD,IQ,IR,IL,AF,AU,CA | KR,IR,IQ,SY,JP,US,ES | |
Contact email | Send Email | Send Email | Send Email | |
Phone number | 357 25 828 899 | 44 2036953085 | 61 3 9020 0155 | |
Live Chat | ||||
Website | http://www.easy-forex.com/ | www.xtb.com | https://pepperstone.com/ | |
Spreads: | ||||
EUR/USD (Average: 0.7 pips) | 1.8 pips | 0.1 pips | 0.13 pips + $5.00 | |
GBP/USD (Average: 1.1 pips) | 3.3 pips | 0.1 pips | 0.49 pips + $5.00 | |
USD/JPY (Average: 1.1 pips) | 3.0 pips | 0.1 pips | 0.25 pips + $5.00 | |
AUD/USD (Average: 0.8 pips) | 2.6 pips | 0.2 pips | 0.27 pips + $5.00 | |
USD/CHF (Average: 2.3 pips) | 2.6 pips | 0.2 pips | 0.64 pips + $5.00 | |
USD/CAD (Average: 2.9 pips) | 3.3 pips | 0.3 pips | 0.47 pips + $5.00 | |
NZD/USD (Average: 3.6 pips) | 9.0 pips | 0.3 pips | 1.1 pips + $5.00 | |
EUR/GBP (Average: 2.4 pips) | 3.0 pips | 0.1 pips | 1.0 pips + $5.00 | |
View all spreads
83% of retail investor accounts lose money when trading CFDs with this provider. |
View all spreads
82% of retail investor accounts lose money when trading CFDs with this provider. |
View all spreads
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% 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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FEES |
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Inactivity Fee | No | No | No | |
Commission | No | Yes | Yes | |
Deposit Fee | No | No | No | |
Withdrawal Fee | No | No | No | |
View All Fees
83% of retail investor accounts lose money when trading CFDs with this provider. |
View All Fees
82% of retail investor accounts lose money when trading CFDs with this provider. |
View All Fees
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% 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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Last update |
All information collected from http://www.easy-forex.com/. Last updated on 01/01/2021. |
All information collected from www.xtb.com. Last updated on 01/01/2021. |
All information collected from https://pepperstone.com/. Last updated on 01/01/2021. |
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Company |
Easy-Forex is broker you can trust regulated by multiple authorities including CySEC and with over 12 years experience in the industry. Easy-Forex provide an Account Service Manager for new users who will provide you with one on one training. They have easy to understand transparent pricing with fixed spreads and no commissions on deposits or withdrawals. If you want to open an account with them they have a simple 2 step sign up process making opening an account with them a breeze. For more information about trading with EasyMarkets, we have put together an indepth EasyMarkets review with some of the pros and cons about this broker. |
XTB provides hyper fast execution and facilitates seminars with external professional traders, providing personalised education depending on your individual circumstances. |
Pepperstone provide a trading platform for retail and institutional investors looking for a broker that provides fast execution, reliable technology, award winning customer service all at superior competitive pricing. |
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Popular comparisons |
Popular comparisons feat. EasyMarkets
ETX Capital vs EasyMarkets |
Popular comparisons feat. XTB
XTB vs IG |
Popular comparisons feat. Pepperstone
Pepperstone vs IC Markets |
If you want a broker with lower spreads on currency pairs like EUR/USD, XTB may be more appropriate. EasyMarkets and XTB offer similar trading methods.
You can determine a broker’s reliability & trustworthiness by looking at eight factors:
Based on these eight factors, we consider EasyMarkets to be the more reliable broker. We’ve broken down why below:
EasyMarkets is regulated by CySEC and ASIC, while XTB is regulated by Financial Conduct Authority.
Pepperstone are also regulated by the Financial Conduct Authority.
If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).
This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.
EasyMarkets has been around for 18 years, while XTB have been around for 19 years. Our third alternative broker, Pepperstone, have been around for 11 years.
You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?
Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.
All three brokers above will hold your money in a separate bank account.
Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.
Both EasyMarkets and XTB use tier one banks, but we are not sure of which bank specifically.
If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.
We’re not aware of any penalties or fines imposed by regulators on EasyMarkets or XTB in the past five years.
While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.
XTB is more popular with over 230,000 traders.
Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.
Both EasyMarkets and XTB are privately owned companies.
Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.
EasyMarkets are based in Limassol, Cyprus, while XTB are based in Level 34, One Canada Square, Canary Wharf, E14 5AA, London, UK .
Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.
This can be broken down into three categories:
If you’re looking to trade currency pairs, both EasyMarkets and XTB offer forex trading. EasyMarkets have a slightly larger variety of currency pairs with 135 pairs, compared to 48 offered by XTB. Also, if you’re looking to trade cryptocurrencies, EasyMarkets offers a handful of cryptocurrency CFDs to trade, including Bitcoin, Ethereum and Ripple.
Both EasyMarkets and XTB allow you to trade commodities like gold, silver and crude oil.
If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both EasyMarkets and XTB offer this. Our alternative broker, Pepperstone, also offers MT4 and MT5.
In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. EasyMarkets, for example, offer a mini account, standard account and VIP account.
If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.
EasyMarkets does allow scalping and hedging. While XTB also allows scalping and hedging. You can trade with EAs (expert advisors) on both EasyMarkets and XTB.
In terms of risk management tools, both brokers offer negative balance protection to prevent you owing your broker more than you’ve deposited.
EasyMarkets also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.
EasyMarkets accept Neteller while XTB accept Paypal.
Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.
For trading EUR/USD, EasyMarkets charges 1.80 points, while XTB charges 0.20 points. Therefore, XTB is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.
Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, EasyMarkets is more reliable based on our criteria above. EasyMarkets has a wider range of instruments to trade. EasyMarkets offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.
Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:
Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.