If you are looking for a fast and simple way to find the right online Forex/CFD broker for you, then you have come to the right place.
So what’s in store?
Here, you will discover the true facts about the broker and what benefits they offer you so that you can get the very best online trading experience.
A Detailed Comparison of XM and easyMarkets
XM has emerged as a leading contender for the top spot for online Forex/CFD trading.
They offer a top-notch service which includes a user-friendly platform, excellent and competitive rates, extremely low deposit, advanced financial tools and lots more.
Now, easyMarkets also offers some great features, offering a variety of benefits and perks and plenty of options for traders to make good sound investments.
Their support team is exceptionally quick to answer your call and ready to help solve any problem you may encounter.
They offer traders a good trading environment that is safe and secure.
Regulation and Demo Accounts
XM is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).
They are one of the most trusted and popular Forex/CFDs brokers amongst brokers they also offer a free unlimited demo account with $100,000 virtual money.
easyMarkets has authorization by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA).
They offer clients, who have opened a live trading account, access to a free demo account with virtual money to practise trades.
Worth mentioning is that the demo account and the live trading account can easily be switched between each other.
We can’t emphasize enough…
You need to realize the importance of a free demo account especially if you are new to trading.
Here, you can put to test your newly learned skills and try out strategies without risking your own money.
There are many brokers today that do not offer this free service.
XM has a variety of powerful trading platforms including the popular MetaTrader 4 and MetaTrader 5 platforms.
They have thought of every solution to make it convenient for traders to trade.
For your desktop, you can install and run Windows and Mac operating systems while in the mobile platform.
They also have dedicated apps for smartphones and tablets that run on Apple or Android operating systems.
That’s not all…
You also have WebTrader, which is easily accessible on any web browser.
easyMarkets features the option of two main platforms.
Their proprietary easyMarkets platform that is dedicated to Forex traders where you can trade currencies from any computer.
A great feature is that they have a dealCancellation. This is a risk-free tool that protects you in the event that the market moves against you, then you are able to get your investments back.
Now, their second platform option is the popular MT4 which has pre-installed indicators, auto trading and multiple order types.
You are also able to easily install this on your mobile apps and have access to all the benefits of your dedicated computer.
They also provide financial tools like guaranteed stop loss and take profit features on the platform.
XM offers a huge variety of more than 300 instruments to trade which includes forex, cryptocurrencies, stocks, equity indices, precious metals and energies CFDs.
easyMarkets offers over 70 tradable assets including forex, gold, oil, commodities, indices, options and the most popular cryptocurrency CFDs on their platform and this includes Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP).
These are all easily accessible from their multiple platforms allowing you to explore different markets on almost any device.
XM is very competitive with tight spreads.
For the EUR/USD currency pair the spread is 1.8 pips. They offer 888:1 leverage and a bonus of up to $5,000.
easyMarkets offers fixed spreads which is an advantage.
For the EUR/USD currency pair, the spread is 0.00018 pips with a maximum margin of 1:200 and 1:30 for EU clients.
easyMarkets offer clients up to $2,000 bonus (not available in EU countries)
XM has top educational materials from novices to advanced trading techniques that covers all aspects of trading that are easily assessable via unlimited access to video tutorials, daily access to forex trading signals, e-books, economic indicators and lots more.
Here’s a sample of their educational videos:
easyMarkets’ education center has a variety of online resources for the trader which includes trading guides, webinars and videos.
Deposits and Withdrawals
XM offers its clients over 20 supported banking methods including Forex Islamic accounts.
It includes the most commonly used cards, Credit/Debit Card, Neteller, Skrill, Bank Wire Transfer, etc.
Their coverage is quite extensive.
Withdrawal requests are processed within 24 hours if the funds are transferred to XM cards.
Otherwise, it can take 2 to 5 business days.
Now here’s the kicker!
You only need to deposit $5 to open an account with XM. This is extremely low!
easyMarkets supports deposits and withdrawals with a selection of banking credit and debit cards including bank transfer, WeChatPay, SoFortüberweisung, American Express, Giropay, Ideal, Maestro, JCB, China Union Pay, Skrill, Neteller, Webmoney and Yemadai.
They do not charge any fees on withdrawals which takes only 24 hours.
However, in order to open an account with them, you will need to deposit $100.
XM’s customer support team are quick to answer and can easily be reached.
They are professional and provide direct answers without pushing marketing schemes down your throat.
There is also a variety of ways you can contact them either by live chat, phone, email and call back.
easyMarkets’ customer support is impressive.
They have a variety of options to contact them via chat, email or phone. They are professional and accommodating.
XM and easyMarkets both provide traders with high-quality trading, giving their traders a variety of options and the tools necessary for successful and profitable trades.
The unique dealCancellation tool is an added bonus for easyMarkets. However, XM has the extremely low $5 deposit and an extensive list of over 300 instruments to choose from.
This gives traders and investors more opportunities to trade the financial markets.
The best part?
Both these reputable brokers provide a safe trading environment but after comparing both their pros and cons, our conclusion is that XM reigns supreme but on the other hand, easyMarkets is still a great alternative.