When comparing Forex brokers, it is important to take a few factors into account. The first thing to consider is the spread, which is the cost associated with trading. As a rule, the lower the spread, the better. However, not all brokers publicly publish their spread information, so it is not always easy to choose a broker based on their spread. There are two main types of spread: fixed and variable. Each type has its pros and cons, and you need to decide which one suits your needs best.
Another thing to consider when comparing forex brokers is whether the companies have the right regulatory and financial backgrounds. Both Exness and easyMarkets are regulated by CySEC and are passported in the European Union through the MiFID Directive. Moreover, both companies support trading in multiple markets, allowing you to diversify your investment portfolio.
The two brokers offer a variety of deposit methods, including cryptocurrencies. Traders can deposit in Bitcoin, TEDA coins, or VISA/MASTERCARD. However, the minimum deposit amounts vary. In most cases, the minimum deposit is $1. In comparison, Easymarkets requires a $100 deposit. Traders can also deposit using credit cards, PayPal, and Skrill.
Exness and easyMarkets both offer a number of features that make them an excellent choice for a new Forex broker. Both offer the same types of trading instruments and spreads, but EasyMarkets offers more trading options. Ease of use is another advantage, and both have access to social media and contact details. However, both brokers caution traders that Forex and CFD trading always involve a high level of risk.
EasyMarkets has a reputation for being a fair broker. Their live chat is a useful way to get quick answers to any queries. They also offer email support and phone support. Their support executives are friendly and responsive. Additionally, easyMarkets offers support via Facebook Messenger, WhatsApp, and Viber. EasyMarkets is also available on mobile devices.
While both Forex brokers are well-known and reliable, it is advisable to compare the services of each before signing up. Make sure you select a broker that is in line with your goals and trading experience. The right broker can help you multiply your initial investment and generate positive profits.
Exness offers a range of trading accounts, including zero accounts, and professional trading accounts. The platform also offers leverage of up to 1:2000, which is excellent for professional and scalpers. It also offers specific leverage against specific conditions. A high leverage can amplify gains and losses.
EasyMarkets is a great choice for traders who want to learn the basics of Forex trading. Its accounts are simple to open and come with a personal account manager, platform tour, and educational materials on the basics of Forex. The free account also includes unlimited demo trading.