easyMarkets vs sofi, 2022 Update
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easyMarkets Rating
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sofi Rating
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73% of retail CFD accounts lose money with this provider. |
Your capital is at risk |
easyMarkets vs sofi Guide |
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Read our In-Depth easyMarkets vs sofi Review - for 2022
This easyMarkets vs sofi review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this easyMarkets vs sofi review does not apply to all countries as follows:
easyMarkets Excluded Countries
United States of America, Israel, Afghanistan, Anguilla, Burundi, Cambodia, Cayman Islands, Chad, Congo, Cuba, Democratic Republic of the Congo, Dominica, Equatorial Guinea, Fiji, Guinea Bissau, Haiti, Honduras, Iran, Iraq, Lao, Libya, Mozambique, Myanmar, Nicaragua, Democratic Peoples Republic of Korea, Palau, Panama, Somalia, Sudan, Syrian Arab Republic, Trinidad and Tobago, Turkmenistan, Vanuatu, Venezuela, and Yemen.
sofi Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare easyMarkets vs sofi
Every online trading system has a few pros and cons, and no easyMarkets and sofi review would be complete without showing both sides. Compare easyMarkets and sofi to understand how they stack up against each other before you open an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for a broker and are choosing between easyMarkets or sofi. Who is better in 2022?
This easyMarkets vs sofi comparison contains the latest information so you can easily compare sofi against easyMarkets.
If you're a new entrant in the realm of trading and brokerages, so many details will be perplexing for you. Getting into the area of trading demands expert analyzing skills and thorough understanding. You will get proficient at all of the concepts of brokerage as you continue trading. For starters, you need to choose the ideal broker who will be transparent with you always.
In this fast-paced universe of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment program has the potential to create hefty returns. easyMarkets and sofi are just two such companies which will take you along with your investment to great heights. It's crucial that you compare easyMarkets vs sofi until you trust them with your cash.
Our easyMarkets vs sofi comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust easyMarkets and sofi side by side.
Our full easyMarkets vs sofi Review covers everything you will need to know about trading with either easyMarkets or sofi. A fantastic broker can multiply your first investments and give you positive profits. If you want to make profits, you must trade with a brokerage service that contrasts with your investment objectives.
There is no sure-fire way to ensure profits; thus, you should carefully analyze your agent before you choose them. It is a common misconception that all brokers will be exactly the same, but that's not true. Wrong judgment, initially, can put your investments at risk.
easyMarkets and sofi are both brokers which have forged their way successfully into the brokerage world. Within this review, we have tried to collate a number of the vital aspects of both easyMarkets and sofi. This review will allow you to know whether either sofi or easyMarkets is a fantastic fit for your investments or not. We've tried to breakdown all the features and fees for your advantage.
Benefits of easyMarkets and sofi Compared
easyMarkets offers a minimum deposit of $100 while sofi has a $250 minimum deposit.
Why smaller minimum deposits are good and how easyMarkets and sofi compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
easyMarkets allows you to trade around 200 financial instruments while sofi has around 200 financial instruments on their platform.
The more instruments you can trade on the easyMarkets and sofi trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you never want to miss out on a trading opportunity due to the limitations of easyMarkets or sofi.
easyMarkets and sofi Contact Details
Being able to contact your broker through many ways is important. easyMarkets and sofi have the following contact details and social medias that you can use.
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| Broker | easyMarkets | sofi |
| Telephone Number | +357 25 828 899 | |
| support@easymarkets.com | ||
| Address | 1 Griva Digheni, Limassol, Limassol 3035, CY | |
| easyMarkets Twitter Account | sofi Twitter Account | |
| easyMarkets Facebook Page | sofi Facebook Page | |
| easyMarkets Instagram Account | sofi Instagram Account | |
| easyMarkets LinkedIn Page | sofi LinkedIn Page | |
| YouTube | easyMarkets YouTube Channel | sofi YouTube Channel |
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sofi and easyMarkets Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
This part of comparing easyMarkets and sofi will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of both apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
While most brokers are good at this, there are some poor ones. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
easyMarkets vs sofi - Awards
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| Broker | easyMarkets | sofi |
| Awards |
easyMarkets have won many industry awards over the years they have been operating as an online broker. We show the most recognised awards for easyMarkets here.
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At the time of writing this sofi review, and despite sofi’s impressive offering, the company has surprisingly not garnered any awards to date. |
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easyMarkets vs sofi - Frequently Asked Questions
easyMarkets vs sofi - Headquarters And Year Of Founding
easyMarkets was founded in 2003 and has its headquaters in Cyprus, Australia.
sofi was founded in 2015 and has its head office in Lebanon.
What is the minimum deposit for sofi or easyMarkets
The minimum deposit for easyMarkets is $100.
The minimum deposit for sofi is $250.
Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both easyMarkets and sofi are a good option.
easyMarkets vs sofi - Regulation And Licencing In More Detail
easyMarkets is regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
sofi is regulated by 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-F306.
Both easyMarkets and sofi have a strong collection of rules for ensuring honest trading on their own platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their own privacy policies, client data is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare easyMarkets vs sofi Commission And Fees
easyMarkets and sofi are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled much better. In other words, an internet broker is not necessarily affected by the amount of clients they have.
But this does not mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly three types of fees for this purpose.
The first sort of charges to look out for are trading charges. When you make a genuine trade, like buying a stock or an ETF, you are billed trading charges. In such instances, you're spending a spread, funding rate, or a commission. The kinds of trading fees and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread denotes the difference between the buying and selling price. Financing or overnight prices are people who are billed when you hold a leveraged position for more than a day.
Aside from trading fees, online agents also bill non-trading fees. These are determined by the activities you undertake in your accounts. They are charged for surgeries like depositing money, not investing for lengthy periods, or withdrawals.
In general, neither easyMarkets or sofi charge high fees compared to other online agents. For operations other brokers charge for, they either do not charge a broker fee, or they charge a smaller amount. This is beneficial for people who often trade, such as weekly or daily trading.
However, non-trading fees billed by easyMarkets and sofi are relatively lower. Consequently, you are charged more for non-trading actions in your trading accounts, such as deposits and withdrawal. These aren't about the purchase and sale of assets.
This easyMarkets vs sofi review for 2022 breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees For easyMarkets And sofi
What Languages Do easyMarkets And sofi Support?
Being able to communicate completely with your trading broker is a key element when comparing trading platforms to find the best broker. Not only for support but to ensure you completely understand everything on their site and inside their app as it is a key factor to success when trading online.
Below you will find the languages that both easyMarkets and sofi support.
How Many Clients Do easyMarkets and sofi Have?
Both easyMarkets and sofi are well established with their customer base. It is important to work with a broker you can trust and one of the most simple ways of understanding this is by knowing how many clients they already work with.
Below you will find details of how many users easyMarkets and sofi have
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| Broker | easyMarkets | sofi |
| Clients / Users | 142,500+ | 10,000+ |
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What Payment Methods Do easyMarkets and sofi Accept?
easyMarkets and sofi both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at easyMarkets and sofi
What Can You Trade With easyMarkets and sofi?
easyMarkets offers 200 trading instruments while sofi offers 189.
Below you will find a full breakdown of what both easyMarkets and sofi offer.
Compare easyMarkets To All Other Brokers
Compare sofi To All Other Brokers