UFX vs easyMarkets

UFX or easyMarkets – which is better for UK traders 2024? Compare UFX and easyMarkets in this detailed breakdown of their platforms, features and fees.

UFX vs easyMarkets Comparison Table 2024
UFX easyMarkets
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0.8
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3.5
UFX is ranked #91 among CFD brokers. easyMarkets is ranked #13 among CFD brokers.
Review
Review
UFX has closed or no longer accepts UK clients.
UFX are forex trading specialists that also offer popular stocks, ETFs, indices, and commodities. Offering tight spreads and one of the best ranges of major and minor pairs, they are a great option for aspiring FX investors. 		Established in 2001, easyMarkets has made for a name for itself as a trusted, fixed spread broker. Improvements to its tools over the years, from adding the MetaTrader suite and TradingView to enhancing its exclusive risk management tools like dealCancellation, mark it out from the competition.
Pros
  • Regulatory oversight
  • Full range of investments
  • Multiple payment methods offered
  • Low minimum deposit
  • Demo account
  • Unlike variable spreads offered by 90%+ of brokers we've tested, easyMarkets provides fixed spreads from 0.7 pips. This makes trading costs predictable, a significant advantage for beginners and those trading in volatile markets.
  • easyMarkets added Bitcoin as a base currency in 2019. This marks it out against most of the market and eliminates the need to convert crypto to fiat, reducing conversion fees and simplifying management for crypto-focused traders.
  • With 20+ years in the industry, multiple awards, and authorization from two ‘green tier’ regulators, easyMarkets continues to earn its reputation as a secure broker for active traders.
  • easyMarkets takes risk management seriously, with negative balance protection plus guaranteed stop losses and its dealCancellation (enhanced in 2024 to include periods of 1, 3, or 6 hours) in the Web Trader.
Cons
  • No copy trading
  • No MT4 integration
  • easyMarkets does not offer a zero-spread account like Pepperstone, which can be a drawback for traders and high-frequency traders who require minimal transaction costs.
  • easyMarkets is falling behind by not providing the copy trading features you get at category leader eToro, which are popular among beginners looking to follow the strategies of experienced traders.
  • While easyMarkets provides solid educational resources for beginners, they fall short for advanced traders. The Academy offers well-structured courses and engaging gamification, but the overall content lacks depth.
Awards
  • Best Forex Trading Tools - MassInsights™ Technology - UK Forex Awards Winner 2016 & 2017
  • FX Director of the Year - Dennis de Jong - The European 2016 & 2017
  • FX Broker of the Year - The European 2016 & 2017
  • Best Trader Loyalty Programme - UFX Rewards - FX Report Awards 2016
  • Best Trading Platform - MassInsights™ Technology - FX Report Awards 2016
  • Leading Broker of the Year 2024 - Forex Expo Dubai
  • Best Regulated Broker 2024 - Smart Vision Summit – South Africa
  • Best Forex Broker 2024 - TradingView Broker Awards
  • Best Global Broker 2023 - Dubai Expo
  • Best Cryptocurrency Innovation UAE 2022 - Finance Derivative Magazine
  • Most Trusted Broker 2022 - Smart Vision Investment Expo Egypt
  • Most Reputable Multi-Asset Broker 2022 - Forex Expo Dubai
  • Most Trusted Forex Broker in Middle East 2022 - Fin Expo Egypt
FCA Regulated
No No

List of FCA Regulated Brokers

Instruments
ETFs, Commodities, Forex, Stocks, Indices, CFDs CFDs, Forex, Stocks, Indices, Commodities, Crypto
Demo Account
Yes Yes
Minimum Deposit
$100 $25
Payment Methods
Minimum Trade
$1 0.01 lots
Regulator
CySEC CySEC, ASIC, FSCA, FSC, FSA
Mobile Apps
iOS & Android iOS & Android
Trading App

The easyMarkets app is a great fit for active traders. It allows full customization, including light and dark mode, and integrates useful tools like market news, a macroeconomic calendar, and trading signals all in one app. Where it stands out is its advanced features like multiple trading ticket options (Day Trade, Vanilla Options, Pending Orders). With dealCancellation, you can also undo losing trades within 1, 3, or 6 hours.
iOS App Rating
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4.6
Android App Rating
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3.6
Margin Trading
Yes Yes
MetaTrader 4
No Yes
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
No No
eSignal
No No
Trading Central
Yes Yes
STP Account
Yes No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
Yes Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
Yes No
Demo Competitions
Yes No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No Yes
Inactivity Fee
$100 $25
Islamic Account
Yes Yes
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • ZAR
  • TRY
  • SEK
  • NOK
  • CHF
  • HKD
  • SGD
  • PLN
  • CZK
  • MXN
  • CNY
Commodities
  • Corn
  • Oil
  • Gold
  • Palladium
  • Platinum
  • Silver
  • Natural Gas
  • Gold
  • Silver
  • Palladium
  • Soybeans
  • Platinum
  • Copper
  • Oil
  • Natural Gas
  • Wheat
  • Sugar
  • Coffee
  • Corn
  • Cotton
  • Cocoa
CFD
Invest in various markets without owning the underlying asset. Also trade with leverage. While the growing selection of 275+ CFDs still trails category leaders like BlackBull with its 26,000+ underlying assets, easyMarkets shines for its proprietary risk management tools. These include easyTrade which caps your risk to dealCancellation that provides a 1, 3, or 6-hour margin to cancel your order if the market moves against you.
Leverage
1:30 1:2000
FTSE Spread
Variable 1.0
GBPUSD Spread<
3 - 5 pips 0.9
Oil Spread
5 - 8 pips 1.1
Stocks Spread
Variable 0.25 (Apple)
Forex
Trade over 60 forex pairs with advanced analysis tools. easyMarkets offers 60+ major and minor currency pairs but no exotics. Forex traders will appreciate the access to the industry’s leading software MT4, paired with the broker’s fixed spreads from 0.7 pips on EUR/USD, offering a degree of price certainty.
Assets
65+ 60+
GBPUSD Spread
3 - 5 pips 0.9
EURUSD Spread
2 - 4 pips 0.7
EURGBP Spread
4 - 5 pips 1.0
Cryptocurrency
easyMarkets excels for serious crypto traders, featuring 20 popular digital tokens, including Bitcoin and Ethereum, paired with the US dollar. Its introduction of a BTC account also makes for a seamless user experience for dedicated crypto traders while cutting conversion fees.
Spread
62 (BTC)
Coins
  • BTC
  • XRP
  • ETH
  • LTC
  • BCH
  • XLM
  • ADA
  • ALG
  • SOL
  • UNI
  • DOT
  • LNK
  • ZEC
  • OMG
  • MTC
  • DSH
  • DOG
  • XMR
  • CHZ
  • AVA
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
UFX easyMarkets
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