easyMarkets
Phoenix Markets
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Overview
easyMarkets was founded in 2003 and is headquartered in Cyprus, Australia, while Phoenix Markets was established in 2013 and is based in Cyprus. Both brokers are regulated by Cyprus Securities and Exchange Commission (CySEC), among other authorities. easyMarkets serves 142,500+ clients worldwide; Phoenix Markets has 10,000+. The minimum deposit is $100 at easyMarkets and $500 at Phoenix Markets.
| Feature | easyMarkets | Phoenix Markets |
|---|---|---|
| Min. Deposit | $100 | $500 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2003 | 2013 |
| Country | Cyprus, Australia | Cyprus |
| Clients | 142,500+ | 10,000+ |
Fees
Fees are a critical factor when choosing between easyMarkets and Phoenix Markets, directly affecting your bottom line as a trader. easyMarkets has a lower barrier to entry with a minimum deposit of $100 (vs $500 at Phoenix Markets). Neither broker charges withdrawal fees. Overall, easyMarkets scores higher on fees in our assessment.
| Feature | easyMarkets | Phoenix Markets |
|---|---|---|
| Min. Deposit | $100 | $500 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
easyMarkets offers MT4, MT5, cTrader, a proprietary platform, while Phoenix Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. easyMarkets supports social and copy trading features, which Phoenix Markets does not offer. easyMarkets edges ahead on platform breadth and functionality in our scoring.
| Feature | easyMarkets | Phoenix Markets |
|---|---|---|
| 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,mac,Android.iPhone/iPad |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how easyMarkets and Phoenix Markets 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 | Phoenix Markets |
|---|---|---|
| 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 Phoenix Markets supports 2 (bank transfer, credit/debit card). easyMarkets uniquely supports Skrill and Neteller among the two brokers. easyMarkets scores higher on deposit and withdrawal flexibility.
| Feature | easyMarkets | Phoenix Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both easyMarkets and Phoenix Markets offer live chat support. Both provide phone support. Email support is available at both brokers. easyMarkets supports 5 languages and Phoenix Markets supports 2, giving easyMarkets broader global reach. Both brokers are comparable on support quality.
| Feature | easyMarkets | Phoenix Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, German, Arabic, Chinese, Spanish and Polish | English, and Chinese |