easyMarkets
forexite
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Overview
easyMarkets was founded in 2003 and is headquartered in Cyprus, Australia, while forexite was established in 2010 and is based in Switzerland. easyMarkets holds licences including Cyprus Securities and Exchange Commission (CySEC), while forexite is regulated by Financial Conduct Authority (FCA) among others. easyMarkets serves 142,500+ clients worldwide; forexite has 10,000+. The minimum deposit is $100 at easyMarkets and $250 at forexite.
| Feature | easyMarkets | forexite |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F229 |
| Founded | 2003 | 2010 |
| Country | Cyprus, Australia | Switzerland |
| Clients | 142,500+ | 10,000+ |
Fees
Fees are a critical factor when choosing between easyMarkets and forexite, directly affecting your bottom line as a trader. easyMarkets has a lower barrier to entry with a minimum deposit of $100 (vs $250 at forexite). forexite charges withdrawal fees while easyMarkets does not, giving easyMarkets an edge for frequent withdrawers. forexite applies inactivity fees on dormant accounts; easyMarkets does not. Overall, easyMarkets scores higher on fees in our assessment.
| Feature | easyMarkets | forexite |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
easyMarkets offers MT4, MT5, cTrader, a proprietary platform, while forexite supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. easyMarkets edges ahead on platform breadth and functionality in our scoring.
| Feature | easyMarkets | forexite |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how easyMarkets and forexite compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. easyMarkets scores higher overall in education and research.
| Feature | easyMarkets | forexite |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. easyMarkets accepts 4 of the tracked payment methods (bank transfer, credit/debit card, Skrill, Neteller), while forexite supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). forexite uniquely supports PayPal among the two brokers. forexite scores higher on deposit and withdrawal flexibility.
| Feature | easyMarkets | forexite |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both easyMarkets and forexite offer live chat support. Both provide phone support. Email support is available at both brokers. easyMarkets supports 5 languages and forexite supports 8, giving forexite broader global reach. Both brokers are comparable on support quality.
| Feature | easyMarkets | forexite |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, German, Arabic, Chinese, Spanish and Polish | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |