easyMarkets vs Westpac, Who's The Best?
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easyMarkets vs Westpac Guide
Read our In-Depth easyMarkets vs Westpac Review - Updated for 2024
This review comparing easyMarkets and Westpac has been revised for 2024 from industry experts boasting significant expertise across Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of easyMarkets vs Westpac 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.
Westpac Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare easyMarkets vs Westpac
Each online trading platforms will have some ups and downs, so any comprehensive easyMarkets and Westpac review should not be regarded as thorough without embracing a balanced approach.
Examine easyMarkets and Westpac to understand the way they compare with each before you decide to create an account. Performing a comprehensive comparison can put things in perspective in order that you are aware of what to expect.
So you are looking for an online trading platform and are choosing between easyMarkets or Westpac. Who is better in 2024?
This easyMarkets vs Westpac comparison contains the latest information so you can easily compare Westpac against easyMarkets.
If you are a new entrant in the world of trading and brokers, so many nuances will be confusing for you. Getting into the area of trading requires expert analyzing skills and thorough understanding. You will acquire adept at all the concepts of brokerage as you keep trading. For starters, you have to choose the right broker who'll be clear with you constantly.
In this fast-paced universe of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment plan has the potential to generate hefty returns. easyMarkets and Westpac are two such stages that will take you along with your investment into great heights. It's crucial to compare easyMarkets vs Westpac before you trust them with your cash.
Our easyMarkets vs Westpac comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust easyMarkets and Westpac side by side.
Our full easyMarkets vs Westpac Review covers everything you need to learn about trading using either easyMarkets or Westpac. A good broker can multiply your first investments and give you positive profits. If you would like to make profits, you should trade with a brokerage service that aligns with your investing goals.
There's absolutely no sure-fire method to ensure profits; thus, you must carefully analyze your broker before you choose them. It's a common misconception that all agents will be exactly the same, but that's not correct. Wrong judgment, initially, can put your investments in danger.
easyMarkets and Westpac are both brokers that have forged their way successfully into the broker world. Within this review, we have tried to collate some of the important facets of both easyMarkets and Westpac. This review can help you to understand whether either Westpac or easyMarkets is a good fit for your investments or not. We've tried to breakdown all the qualities and charges for your advantage.
Benefits of easyMarkets and Westpac Compared
easyMarkets offers a minimum deposit of $100 while Westpac offers a $50 minimum deposit.
Why smaller minimum deposits are good and how easyMarkets and Westpac 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 Westpac has around 200 available.
The more financial instruments you can trade on the easyMarkets and Westpac 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 should never want to miss out on a trading opportunity due to the limitations of easyMarkets or Westpac.
easyMarkets and Westpac Contact Details
Being able to contact a broker through many ways is important. easyMarkets and Westpac have the following contact details and social medias that you can use.
|+357 25 828 899
|1 Griva Digheni, Limassol, Limassol 3035, CY
|easyMarkets Twitter Account
|Westpac Twitter Account
|easyMarkets Facebook Page
|Westpac Facebook Page
|easyMarkets Instagram Account
|Westpac Instagram Account
|easyMarkets LinkedIn Page
|Westpac LinkedIn Page
|easyMarkets YouTube Channel
|Westpac YouTube Channel
|Find Out More
Westpac 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 Westpac will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of both apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Although most brokers do OK in this area, there are some bad apples out there. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
easyMarkets vs Westpac - Awards
easyMarkets have won numerous industry awards over the years they have been operating as an online trading platform. We detail the most notable awards for easyMarkets here.
|At the time of writing this Westpac review, and despite Westpac’s impressive offering, the company has surprisingly not garnered any awards to date.
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easyMarkets vs Westpac - Frequently Asked Questions
easyMarkets vs Westpac - Headquarters And Year Of Founding
easyMarkets was founded in 2003 and has its headquaters in Cyprus, Australia.
Westpac was founded in 2008 and has its head office in Austrailia.
What is the minimum deposit for Westpac or easyMarkets
The minimum deposit for easyMarkets is $100.
The minimum deposit for Westpac is $50.
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 Westpac are a good option.
easyMarkets vs Westpac - Regulation And Licencing In More Detail
easyMarkets is regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
Westpac is regulated by Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA).
Both easyMarkets and Westpac have a powerful set of rules for ensuring fair trading onto their individual platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
In accordance with their privacy policies, client information is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare easyMarkets vs Westpac Commission And Fees
easyMarkets and Westpac are online broker platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled better. That is, an internet broker isn't necessarily influenced by the number of clients they have.
However, this does not necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are mainly three different types of penalties for this objective.
The first kind of charges to look out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you're charged trading charges. In these cases, you are spending a spread, funding speed, or a commission. The kinds of trading charges and the prices differ from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the other hand, a spread refers to the gap between the buying and selling price. Financing or overnight rates are people that are charged when you maintain a leveraged position for longer than daily.
Aside from trading fees, online brokers also charge non-trading fees. These are determined by the actions you undertake on your account. They're billed for operations like depositing cash, not trading for lengthy periods, or withdrawals.
Generally, neither easyMarkets or Westpac charge high fees compared to other online agents. For operations other agents charge for, they do not charge a broker fee, or they charge a lesser sum. This can be beneficial for people who regularly exchange, for example weekly or daily trading.
But, non-trading fees billed by easyMarkets and Westpac are comparatively lower. As a result, you are charged more for non-trading actions in your trading accounts, such as deposits and withdrawal. These aren't about the sale and purchase of assets.
This easyMarkets vs Westpac review for 2024 breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees For easyMarkets And Westpac
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What Languages Do easyMarkets And Westpac Support?
Being able to communicate completely with your trading broker is a key part of comparing trading platforms to find the best broker. Not only for support but to be sure you understand everything on their website and inside their app as it is a key factor to success when trading online.
Below you can find all the languages that both easyMarkets and Westpac support.
|English, German, Arabic, Chinese, Spanish and Polish
|English, and Chinese
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How Many Clients Do easyMarkets and Westpac Have?
Both easyMarkets and Westpac are well established with their customer base. It is important to work with a broker that is professional and one of the most simple ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many clients easyMarkets and Westpac have
|Clients / Users
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What Payment Methods Do easyMarkets and Westpac Accept?
easyMarkets and Westpac 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 Westpac
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What Can You Trade With easyMarkets and Westpac?
easyMarkets offers 200 trading instruments whilst Westpac offers 255.
Below you will find a full breakdown of what both easyMarkets and Westpac offer.
easyMarkets vs Westpac:
Table Of Contents
- Compare easyMarkets vs Westpac
- Benefits of easyMarkets and Westpac Compared
- Westpac and easyMarkets Mobile App Comparison
- easyMarkets vs Westpac - Awards
- easyMarkets vs Westpac - Frequently Asked Questions
- What is the minimum deposit for Westpac or easyMarkets
- easyMarkets vs Westpac - Regulation And Licencing In More Detail
- Compare Broker Fees For easyMarkets And Westpac
- What Languages Do easyMarkets And Westpac Support?
- How Many Clients Do easyMarkets and Westpac Have?
- What Payment Methods Do easyMarkets and Westpac Accept?
- What Can You Trade With easyMarkets and Westpac?