easyMarkets
fx private
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Overview
easyMarkets was founded in 2003 and is headquartered in Cyprus, Australia, while fx private was established in 2020 and is based in USA. easyMarkets holds licences including Cyprus Securities and Exchange Commission (CySEC), while fx private is regulated by Financial Conduct Authority (FCA) among others. easyMarkets serves 142,500+ clients worldwide; fx private has 12,000,000+. The minimum deposit is $100 at easyMarkets and $250 at fx private.
| Feature | easyMarkets | fx private |
|---|---|---|
| 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-F239 |
| Founded | 2003 | 2020 |
| Country | Cyprus, Australia | USA |
| Clients | 142,500+ | 12,000,000+ |
Fees
Fees are a critical factor when choosing between easyMarkets and fx private, directly affecting your bottom line as a trader. easyMarkets has a lower barrier to entry with a minimum deposit of $100 (vs $250 at fx private). fx private charges withdrawal fees while easyMarkets does not, giving easyMarkets an edge for frequent withdrawers. Overall, easyMarkets scores higher on fees in our assessment.
| Feature | easyMarkets | fx private |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
easyMarkets offers MT4, MT5, cTrader, a proprietary platform, while fx private supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. easyMarkets supports social and copy trading features, which fx private does not offer. easyMarkets edges ahead on platform breadth and functionality in our scoring.
| Feature | easyMarkets | fx private |
|---|---|---|
| MT4 | Yes | No |
| 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 fx private compare. easyMarkets runs regular live webinars; fx private does not. Both provide video tutorials. easyMarkets publishes daily market commentary; fx private does not. Both integrate third-party research tools. easyMarkets maintains an archive of past webinars for on-demand viewing. easyMarkets scores higher overall in education and research.
| Feature | easyMarkets | fx private |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | Yes |
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 fx private supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). fx private uniquely supports PayPal among the two brokers. fx private scores higher on deposit and withdrawal flexibility.
| Feature | easyMarkets | fx private |
|---|---|---|
| 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 fx private offer live chat support. Both provide phone support. Email support is available at both brokers. easyMarkets supports 5 languages and fx private supports 8, giving fx private broader global reach. Both brokers are comparable on support quality.
| Feature | easyMarkets | fx private |
|---|---|---|
| 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 |