easyMarkets vs TopFX 2024

easyMarkets is not publicly traded and does not operate a bank. easyMarkets is authorised by two Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and two Tier-4 regulator (High Risk). easyMarkets is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC) and regulated in the European Union via the MiFID passporting system.

TopFX is not publicly traded and does not operate a bank. TopFX is authorised by one Tier-1 regulator (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). TopFX is authorised by the following Tier-1 regulators: Regulated in the European Union via the MiFID passporting system.

easyMarkets is easy to use and offers several unique features attractive to beginners through its proprietary trading platform. However, easyMarkets is pricey, offers only a small selection of tradeable products, and lacks market research.

TopFX offers the MetaTrader and cTrader platform suites, and grants access to a medium range of CFD markets and forex pairs. However, TopFX struggles to compete with the best brokers in several categories, including market research and education.

To open a trading account with easyMarkets, you'll need to make an initial minimum deposit of $50.

TopFX requires a minimum deposit of Depends on payment method before you can open an account and start trading.

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. easyMarkets offers Visa/Mastercard (Credit/Debit), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw) for banking, whereas TopFX provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw).

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that TopFX offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that easyMarkets holds 2 global Tier-1 licenses, while TopFX holds 1. Both easyMarkets and TopFX hold 0 global Tier-2 licenses.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that easyMarkets (80) earned a higher Trust Score than TopFX (67).

To compare the trading platforms of both easyMarkets and TopFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, easyMarkets offers a better experience. With research, easyMarkets offers superior market research. Finally, we found easyMarkets to provide better mobile trading apps.

Here’s what trading platforms are available at easyMarkets:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - No
• ZuluTrade - No
• TradingView - Yes

Here’s what trading platforms are available at TopFX:

• Proprietary Platform - No
• Web Platform - Yes
• cTrader - Yes
• DupliTrade - No
• MT4 - Yes
• MT5 - No
• ZuluTrade - No
• TradingView - No

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both easyMarkets and TopFX offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. easyMarkets and TopFX both offer copy trading.

easyMarkets provides traders 62 currency pairs (e.g., EUR/USD) compared to TopFX's 60 available pairs. If you are interested in trading CFDs, TopFX offers traders access to 655 CFDs, while easyMarkets offers access to 199 CFDs; so TopFX offers 456 more CFDs than easyMarkets.

We found in our testing that TopFX offers a more diverse selection of investment options than easyMarkets, allowing you to trade both brokers allow traders to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Cryptocurrency (Derivative) and Social Trading / Copy Trading. Neither have Int'l Stock Trading (Non CFD), Cryptocurrency (Physical) and Spread Betting.