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easyMarkets vs iFOREX 2024

BrokerNotes.co

Written by BrokerNotes.co

August 06, 2024

Trying to decide between easyMarkets and iFOREX? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, easyMarkets ranks more highly than iFOREX.

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Compare

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Overall Rating easyMarkets iFOREX
Overall Rating star 7.3 /10 star 7.0 /10
Offering of Investments star 6.5 /10 star 7.0 /10
Commissions & Fees star 7.0 /10 star 6.0 /10
Platform & Tools star 7.5 /10 star 7.5 /10
Research star 6.5 /10 star 6.5 /10
Mobile Trading star 7.5 /10 star 7.5 /10
Education star 7.0 /10 star 6.0 /10
Account Type easyMarkets iFOREX
Standard Trade Size (100,000 units) info Yes Yes
Mini Trade Size (10,000 units) info Yes Yes
Micro Trade Size (1,000 units) info Yes Yes
Islamic Account info Yes Yes
Deposit/Withdrawal Options easyMarkets iFOREX
Minimum Deposit info $50 $100
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
PayPal (Deposit/Withdraw) info No Yes
ACH or SEPA Transfers info Yes No
Copy Trading easyMarkets iFOREX
Social Trading / Copy Trading info Yes No
DupliTrade info No No
ZuluTrade info No No
Cryptocurrency easyMarkets iFOREX
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Bitcoin info Yes Yes
Ethereum info Yes Yes
Forex Trading (Spot or CFDs) easyMarkets iFOREX
Forex Trading (Spot or CFDs) info Yes Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) easyMarkets iFOREX
DAX info Yes Yes
Dow Jones info Yes Yes
FTSE info Yes Yes
NASDAQ 100 info Yes Yes
Nikkei info Yes Yes
SP 500 info Yes Yes
Investments easyMarkets iFOREX
Forex Trading (Spot or CFDs) info Yes Yes
Spread Betting info No No
Social Trading / Copy Trading info Yes No
Metals info Yes Yes
Energies info Yes Yes
Agriculturals info Yes Yes
ETF info No Yes
U.S. Stocks (CFD) info Yes Yes
Trading Platforms easyMarkets iFOREX
Apple iOS App info Yes Yes
Android App info Yes Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
Regulatory Licenses easyMarkets iFOREX
Tier-1 Licenses info 2 1
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info No Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Research, Education easyMarkets iFOREX
Trading Central (Recognia) info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Daily Market Commentary info Yes Yes
Autochartist info No No
Investor Dictionary (Glossary) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Client Webinars (Archived) info Yes No
Trading Costs easyMarkets iFOREX
Minimum Deposit info $50 $100
Average Spread EUR/USD - Standard info 0.8 info N/A
All-in Cost EUR/USD - Active info 0.8 info N/A
Active Trader or VIP Discounts info Yes No
Trading Tools easyMarkets iFOREX
Watchlists - Total Fields info 8 9
Mobile Watchlist info Yes No
Charting - Indicators / Studies (Total) info 15 57
Mobile Charting - Indicators / Studies info 81 N/A
Trust Factors easyMarkets iFOREX
Year Founded info 2001 1996
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Trust Score info 80 75
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easyMarkets vs iFOREX Comparison

Comparing forex brokers side by side is no easy task. Our research team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Trying to decide between easyMarkets and iFOREX? Our independent database powered by our unbiased research will help you compare easyMarkets vs iFOREX side-by-side.

What is Trust Score?

Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.

Can I trust easyMarkets?

easyMarkets has a Trust Score of 80, giving it a "Trusted" Trust Score Label.

Can I trust iFOREX?

iFOREX has a Trust Score of 75, giving it a "Average Risk" Trust Score Label.

Is easyMarkets a good broker?

Founded in 2001, easyMarkets is a trusted broker that holds multiple regulatory licenses and provides an easy-to-use trading platform suite with a variety of trading and risk-management tools. Fans of the MetaTrader suite will appreciate that MetaTrader 4 is also available at easyMarkets. That said, easyMarkets' pricing is higher than the industry average, and its research materials and range of available symbols are limited compared to the best brokers.

Is iFOREX a good broker?

iFOREX, previously known as Vestle, offers a proprietary trading platform as well as a growing selection of nearly 750 symbols. However, the MetaTrader suite is not available at iFOREX.

What Tier-1 jurisdictions is each broker regulated in?

Tier-1 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. easyMarkets holds regulatory licenses in the following Tier-1 jurisdictions: Australia (ASIC Authorised). iFOREX, on the other hand, is licensed in these Tier-1 regulatory jurisdictions: United Kingdom (U.K.) (FCA Authorised). Neither have Canada (CIRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised), Switzerland (FINMA Authorised) and USA (CFTC Authorized)

What Tier-2 jurisdictions is each broker regulated in? What about Tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, both easyMarkets and iFOREX are Cyprus (CySEC Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), South Africa (FSCA Authorised), Thailand (SEC Authorised) and UAE (DFSA/Central Bank Authorised). When comparing tier-3 licenses both easyMarkets and iFOREX are British Virgin Islands (FSC Authorised).. Neither have Bahamas (SCB Authorised), Belize (FSC Authorised), Bermuda (BMA Authorised), Cayman Islands (CIMA Authorised), Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised).

Which broker offers more trading platforms?

Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that easyMarkets offers a Proprietary Platform and Desktop Platform (Windows), whereas iFOREX supports a Proprietary Platform. Neither have cTrader, DupliTrade and ZuluTrade

Does easyMarkets offer MetaTrader? Does iFOREX offer MetaTrader?

For MetaTrader easyMarkets provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while iFOREX provides neither of these. If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

How do easyMarkets and iFOREX differ in terms of minimum deposit? What about average spreads and funding options?

easyMarkets requires a minimum deposit of $50, while iFOREX requires a minimum deposit of $100. It's also important to ensure your broker accepts the funding options and deposit methods that work best for you. In our research, we've found that easyMarkets supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw) for funding and deposit methods, whereas iFOREX supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw)

Which broker offers more tradeable asset classes, easyMarkets or iFOREX?

When choosing a forex broker, it’s important to consider each broker’s available investment products and tradeable asset classes. We’ve researched each broker’s individual offering of investments to help you pick the right broker for what you want to trade. During our testing, we found that easyMarkets delivers a more diverse selection of investment options than iFOREX, offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies, Agriculturals and U.S. Stocks (CFD). Neither have Spread Betting.

We also keep track of each broker’s total number of tradeable symbols; easyMarkets offers 230, and iFOREX offers a total of 750 tradeable symbols.

Can I trade cryptocurrency with easyMarkets or iFOREX?

Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that neither easyMarkets nor iFOREX allow you to trade physical cryptocurrencies.

Who offers more research tools, easyMarkets or iFOREX?

Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. We test each broker’s research offering to help you decide which broker is right for your technical or fundamental analysis needs. easyMarkets delivers the following research tools: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading. iFOREX, on the other hand, provides the tools listed here: Daily Market Commentary, Stock Charts and Trading Central (Recognia). Neither have Autochartist

Broker Reviews

Still looking for more information, read our broker reviews.

easyMarkets Review

iFOREX Review

Overall winner: easyMarkets

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announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.


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