WestPac Vs easyMarkets

WestPac and easyMarkets in Detail

The WestPac online trading platform gives traders from all over the world access to over 12,000 financial instruments, easyMarkets include over 275 available instruments. There are over 13,000,000+ registered customers that have taken advantage of the WestPac platform.

WestPac are regulated by ACL (Australian Credit Licence) (233714).

easyMarkets is a renowned Cyprus, Australia financial trading brokerage established in 2001.

easyMarkets serves customers globally and are regulated by Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018). Depending on the country you are trading from WestPac may serve you from a different business entity to comply with its financial regulators.

easyMarkets is not listed on any stock market, does not disclose its yearly report on its website. This is not terribly unusual for a broker, but you will want to check all of this out before you continue. Financial regulation is the most important thing to consider. WestPac is listed as a publically traded company so are a reputable broker.

easyMarkets is a popular well known financial trading platform serving over 250,000 customers.

Benefits of WestPac and easyMarkets Compared

Below, we will give you a summary of the benefits WestPac and easyMarkets offer side by side.

WestPac offers a minimum deposit of 0 while easyMarkets have a 25 minimum deposit.

Why smaller trading deposits are good and how WestPac and easyMarkets compare

One primary and self-evident factor to remember is that you must only deposit an amount that fits your financial capacity with either WestPac or easyMarkets. If you have limited financial resources, the broker with the most affordable deposit option will be more appealing. WestPac requires a minimum deposit of 0, whereas easyMarkets mandates a minimum deposit of 25. One additional factor to consider while venturing into more precarious yet potentially lucrative financial instruments is to limit your speculation to a modest proportion of your designated trading funds. It's advisable not to be deterred by a broker's higher minimum deposit, whether it's WestPac or easyMarkets, and instead focus on the comprehensive trading features offered by their platform. Frequently, a higher minimum deposit provides access to a wider range of financial assets and research tools on the trading platform.

WestPac allows traders to trade up to 12,000 financial instruments while easyMarkets have around 275 on their trading platform.

The more instruments available on WestPac and easyMarkets trading platforms the more potential financial instruments you can buy or sell for your portfolio. 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 seriously do not want to miss out on a trading opportunity due to the limitations of WestPac or easyMarkets.

The WestPac trading platform has 0 stocks listed while easyMarkets has 52 stocks listed.

WestPac allows retail traders to trade the following assets Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing on the WestPac Mobile Apps, Android (Google Play), iOS (App Store), Web trading platforms.

Alternatively easyMarkets allows retail traders to trade CFD, Forex, Commodities, Indices, Shares, Crypto on the easyMarkets easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 trading platforms.

Compare WestPac and easyMarkets in more detail below.

Drawbacks of WestPac and easyMarkets Compared

Below we compare what drawbacks WestPac and easyMarkets have side by side.

Various potential downsides can be associated with certain brokers, including WestPac and easyMarkets. One primary drawback is the potential restrictions that may be imposed. Generally, the more diverse investment options available, the more favourable the situation. Another critical aspect to consider is the trading fees and commissions charged by WestPac compared to easyMarkets. High trading fees and commissions must be factored into your profit loss of each live trade. Additionally, essential factors to consider are the quality of trading research tools, educational resources, and the overall user-friendliness of WestPac versus easyMarkets.

WestPac Vs easyMarkets Available Financial Markets

The saying 'Variety is the spice of life' holds for financial markets. It is always advisable to have a diversified investment portfolio whether trading with WestPac or easyMarkets. A diversified portfolio with WestPac or easyMarkets can safeguard your investments from significant downturns in any particular market. For instance, when one stock rises, others may follow suit.

Conversely, when the market takes a downturn, it can be disastrous for your investments. The most effective investment portfolios cover potential risks and encompass many businesses and stocks. When creating a diverse investment portfolio with brokers like WestPac or easyMarkets, it is recommended to have access to a variety of tradable assets, commodities, and securities on different trading platforms such as WestPac and easyMarkets.

WestPac Vs easyMarkets Cryptocurrency Trading

Since the creation of Bitcoin, the world of cryptocurrencies has been booming, including on trading platforms like Both WestPac and easyMarkets, and it's not difficult to see why. Cryptocurrencies have the potential to turn modest investments into millions, although this is a rare occurrence. This feat is hard to achieve compared to other financial instruments like stocks and shares. Both WestPac and easyMarkets offer some form of cryptocurrency trading.

Bitcoin is the most popular cryptocurrency, but thousands of altcoins could experience a similar rise. Altcoins follow the same trajectory as Bitcoin, similar to how stocks rise and fall with the market.

Investing in cryptocurrencies with WestPac or easyMarkets is considered a high-risk venture. The prices of cryptocurrencies can experience extreme highs and lows. If you choose to invest in cryptocurrencies, allocating only a fraction of your portfolio or trading budget to it is essential. Crypto trading with WestPac or easyMarkets could lead to one of the most exciting trades you've ever made, depending on the market. Please remember that cryptocurrency availability on WestPac, easyMarkets, and all brokers are subject to regulation.

We compare WestPac vs easyMarkets Crypto options below side by side.

WestPac Vs easyMarkets Commission and Fees

knowing your trading and commission fees with WestPac vs easyMarkets is extremely important. For the majority of the WestPac 12,000 financial instruments and easyMarkets 275 available financial instruments .

The price you are being presented with will factor in the fee the broker takes. For example, if a financial asset is at 79.6. You might have to pay 79 to enter. Therefore, you will start with a small loss with WestPac and easyMarkets. The bigger the fee, the bigger the issue is. Most alarmingly, some financial assets charge you to hold on to the asset overnight or over the weekend. Some commodities and stocks you are using leverage on may have overnight charges. Please check your fees with WestPac and easyMarkets before you invest because you must know what you are paying.

You ideally want to choose a broker like WestPac or easyMarkets that does not charge too much for withdrawal fees. High trading fees and commissions must be taken into your profit loss calculations. The fees will be noticeable if you have a low budget and do not intend to invest so much with WestPac or easyMarkets. You want the withdrawal fee to be less than one per cent of what you are withdrawing but, more ideally, $5 to $10.

Your location or residence will have an impact on your potential WestPac and easyMarkets fees, of course. Make sure you do your research and check the commission and fees with both WestPac and easyMarkets before you invest anything.

Some brokers will charge inactivity fees. As the name suggests, this occurs when you have been inactive on your account for a certain period. Also, with WestPac or easyMarkets be aware of or 3rd party payment provider fees and currency conversion fees.

WestPac does charge inactivity fees, while easyMarkets does not charge inactivity fees.

Numerous notifications are usually sent to you as a reminder of dormant WestPac and easyMarkets accounts, giving you sufficient time to decide on the appropriate course of action. You can opt to continue using your WestPac or easyMarkets account, or choose to close it.

Usually, the associated fees for dormant WestPac or easyMarkets accounts are quite minimal, and there is no need to panic, particularly when the issue can be easily resolved. It's always advisable to keep track of your live WestPac or easyMarkets trading account activity to avoid any unnecessary fees or charges.

When you deposit money to a broker like WestPac or easyMarkets you might need to pay deposit fees. The lower, the better. Most preferably, you would have to pay WestPac or easyMarkets nothing for this. If this is the case, it can be a big problem. Constant deposit fees can potentially add up, so this will take some consideration before you sign up.

Let's see how WestPac vs easyMarkets compare side by side for commissions and fees.

WestPac Vs easyMarkets Trading Platforms

We live in an accessible world these days. Therefore, your trading platform has to consider this. The ability to trade with the click of a button is essential and allows you to make trading decisions on the WestPac and easyMarkets platforms when convenient. Without this, you cannot take advantage of every situation that may or may not occur in the financial markets.

Some brokers offer bespoke trading platforms, so if a particular broker does not offer the trading software you are looking for, their proprietary trading platform may be better. You must test this yourself with an WestPac or easyMarkets demo account.

WestPac Vs easyMarkets Mobile Trading

Trading on your mobile with WestPac and easyMarkets can be very useful. Why is this? Well, the stock market sees market movement every second. If you are not near your desktop computer, you will probably be near and have access to your phone and WestPac and easyMarkets mobile trading apps. This way, you can take advantage of all potential trading opportunities mobile trading with WestPac or easyMarkets. For example, a stock might move to an all-time low when you are out. In this instance, having access to mobile trading with WestPac or easyMarkets can help limit your risk and trade on the move.

If you own an iPhone, having an IOS Apple mobile trading app with WestPac or easyMarkets is essential. Likewise, if you have an android phone, it's crucial to verify if WestPac or easyMarkets broker provides an app compatible with Android devices. If you use Microsoft Windows tablets or phones, you must also check if WestPac and easyMarkets have trading apps compatible with your device.

WestPac Vs easyMarkets Trading Account Types Offered

WestPac Vs easyMarkets Demo Account

A demo account with WestPac or easyMarkets is extremely useful for people without trading experience. This way, you risk none of your money and test your trading skills in a safe environment. For people with next to no knowledge of trading, we recommend fully signing up with an WestPac and easyMarkets demo account.

WestPac Vs easyMarkets Micro Account

Micro accounts are trading accounts used by Forex traders that allow them to trade with smaller amounts of capital than standard trading accounts. Micro accounts require a smaller minimum deposit, usually ranging from $1 to $500, and offer smaller trade sizes than standard accounts, allowing traders to manage their risk more effectively.

If you need a micro account check if WestPac or easyMarkets offer micro trading accounts in your region.

Overall, micro accounts provide a flexible and cost-effective way for Forex traders to enter the market and gain valuable trading experience while minimizing risks. However, traders need to remember that Forex trading carries significant risks, and they should always approach trading with caution and sound risk management strategies.

WestPac and easyMarkets do not offer Micro accounts.

WestPac Vs easyMarkets Standard Account

A standard account is available on WestPac and easyMarkets to more experienced traders. This account allows users to trade on stocks, commodities, crypto etc. To open one of these retail investor accounts, users must trade with at least $100. Standard trading accounts are what the majority of people will seek to use.

Both WestPac and easyMarkets do offer clients Standard accounts.

WestPac Vs easyMarkets MAM Account

A MAM (Multi-Account Manager) account is typically used by professional traders. It allows a trader to manage multiple individual trading accounts from a single master account, making it easier to execute trades and manage risk across multiple clients. MAM accounts can help streamline the trading process and improve efficiency for trader and their clients. If you need a MAM account check if MAM accounts are available with WestPac or easyMarkets or alternative.

WestPac does not offer clients MAM accounts, while easyMarkets does offer clients MAM accounts.

WestPac Vs easyMarkets ECN Account

The primary purpose of ECN accounts is to provide traders with faster execution speeds and better pricing by connecting them directly to the market. ECN accounts allow traders to exploit the tightest spreads and access the deepest liquidity pools.

ECN accounts are used for fast and efficient trading, with lower transaction costs and greater transparency. While they may not be suitable for all traders, those with the necessary experience and expertise can benefit greatly from using an ECN account.

If you need a ECN account check they are available with WestPac or easyMarkets or alternative.

WestPac and easyMarkets do not offer clients ECN accounts.

WestPac Vs easyMarkets Islamic Account

An Islamic account is for people who respect the Quran and want to invest in the Islamic stock market. Islamic trading accounts might seem very niche, but it is essential for those concerned as it follows certain ethics concerning the principles of Islam. They are also referred to as swap-free accounts.

If you need a Islamic account check they are available with WestPac or easyMarkets or alternative.

Both WestPac and easyMarkets do offer clients Islamic accounts.

WestPac Vs easyMarkets STP Account

Straight Through Processing or STP is where a requested client's trade orders are sent directly to the markets. STP brokers aim to reduce all conflicts of interest. STP is a non-dealing desk trading method aimed mainly at Forex traders.

If you need a STP account check they are available with WestPac or easyMarkets or alternative.

WestPac and easyMarkets do not offer clients STP accounts.

WestPac Vs easyMarkets Managed Account

A managed account is a type of investment account where a professional manager or investment firm is responsible for making investment decisions on behalf of the account owner. The account owner typically retains ownership of the underlying assets but delegates responsibility for managing those assets to the manager.

While some managed accounts require significant investment minimums to access the services of a professional manager, many brokers now offer variations of managed accounts that can be accessed with smaller investment amounts. It's important to note that the fees associated with managed accounts can vary widely depending on the level of service the manager provides and the investment strategy employed. Investors should carefully evaluate the costs and benefits of managed accounts before making an investment decision.

WestPac and easyMarkets do not offer clients Managed accounts.

WestPac Vs easyMarkets Withdrawal and Funding Methods

WestPac and easyMarkets have multiple deposit and withdrawal options. Funding and withdrawing from your WestPac and easyMarkets accounts to your chosen payment method should be straightforward. Lets see how WestPac and easyMarkets compare with each other. Be aware that depending on your payment method, there may be additional processing fees from your payment provider or bank for processing and converting your funds. Not all potential fees will come from WestPac or easyMarkets.

WestPac Vs easyMarkets Customer Support Compared

Customer support is essential when trading. Even professional traders will eventually need the help of WestPac or easyMarkets support. Customer support is especially important for traders starting with little knowledge. If you are starting out, you will want to ensure the WestPac and easyMarkets support is always available when needed. WestPac and easyMarkets customer support is not just useful. broker customer support is crucial to your trading success!

WestPac Vs easyMarkets Live Chat

Live chat is important for several reasons. When you encounter a problem with WestPac or easyMarkets trading platforms, it is nice to know that the problem has the potential to be sorted out then and there. Also, speaking to someone live is much less frustrating than speaking to someone through several emails.

Both WestPac and easyMarkets offer livechat support.

WestPac Vs easyMarkets Email Support

When trading CFDs, stocks, commodities, currencies, cryptocurrencies or any other financial instruments with either WestPac or easyMarkets you will find Email support is also very useful. Sometimes you might have a more complex question requiring a specific part of the WestPac or easyMarkets support team to answer satisfactorily. Email support with WestPac and easyMarkets will be needed.

Both WestPac and easyMarkets offer email support.

WestPac Vs easyMarkets Phone Support

Although most queries can be resolved with the need of a phone call, it is nice when we can explain ourselves with a live human being at either WestPac or easyMarkets. We can get straight to the point, saving us time and frustration.

Both WestPac and easyMarkets offer phone support.

Lets see how WestPac and easyMarkets customer support compare side by side.

WestPac Vs easyMarkets Regulation and Licensing

Never trade on a market that is not sufficiently regulated. Only submit your bank card information or invest money on financially regulated websites. It would help if you made sure with certainty that your money is held with a regulated brokerage. Checking whether WestPac and easyMarkets are regulated is not a hard task. The more reputable and mainstream brokers will proudly display their regulation certificates on their site, and if you cannot see that WestPac or easyMarkets have these in place, please be extremely cautious before you proceed with them.

We compare WestPac Vs easyMarkets financial regulation and licensing side by side below.

WestPac Vs easyMarkets Education Resources Compared

We compare WestPac and easyMarkets educational resources below.

WestPac Vs easyMarkets Risk Management Features

When trading with either WestPac or easyMarkets you will want to understand and make full use of all the risk management features on your WestPac or easyMarkets trading platforms.

We compare side by side the trading risk management features offered by WestPac and easyMarkets below.

WestPac Vs easyMarkets Hedging

What is hedging? Have you ever heard of the expression 'to hedge ones bets'? Hedging means not speculating solely on the outcome of one event, as holding all your assets in one place could be risky. Hedging in finance means being able to trade to protect yourself from huge risks by limiting risk using diversification. Hedging can be done, for example, by speculating on a stock to rise and against it to rise by using different amounts or different amounts of leverage.

WestPac does not offer clients hedging, while easyMarkets does not offer clients hedging.

WestPac Vs easyMarkets Stop Loss

Stop loss orders are very useful for more volatile investments, especially when speculating on a stock or Forex currency pair. In a normal trade, you cannot lose more than what you invested, but this is not the case when you are using leverage. Under these terms, it is always good to set a stop loss to protect yourself from any vicious results.

Both WestPac and easyMarkets do offer clients stop losses. Stop Loss and Take Profit are not guaranteed on WestPac or easyMarkets. You must still monitor any live trades and your financial exposure and financial risk.

WestPac Vs easyMarkets Limit Orders

Every broker should allow users to place a limit order. Limit orders are when you have the order to buy a financial instrument at a specific price. Your trade will be executed when the financial asset hits a set price. Limit orders are extremely useful as they allow you to buy stock at a better price! It would be very time-consuming to wait for a stock to fall to a price you would ultimately be satisfied by. Therefore, you can already imagine what helping limit orders can be in your trading career.

Both WestPac and easyMarkets do offer clients limit orders.

WestPac Vs easyMarkets Negative Balance Protection

Negative balance protection is there to protect its customers. Customers need protection as trading can be volatile, and not everybody who invests knows the full consequences of their trade.

Negative balance protection works like this: Say you invest $50, but your trade can lose $125 because you have used leverage. You will need $125 available in your account to do this trade. Negative balance protection is essential, as it would be unfortunate if you received an unexpected bill from a broker one day.

WestPac does not offer clients negative balance protection, while easyMarkets does offer clients negative balance protection.

WestPac Vs easyMarkets Verdict

We hope this WestPac Vs easyMarkets guide has helped you decide who is best to trade with out of WestPac and easyMarkets.

When choosing a broker like WestPac or easyMarkets for trading, it's important to ensure your money is held in a segregated bank account. Your live trading funds with WestPac or easyMarkets are kept separate from the broker's funds and can be returned to you if the broker faces financial difficulties or insolvency when signing up with brokers such as WestPac or easyMarkets, it's crucial to verify that they offer this safeguard. By doing so, you can have greater peace of mind and confidence in the safety of your funds as you engage in trading activities with WestPac or easyMarkets.

Also, before you sign up with online brokers like WestPac or easyMarkets, make sure you know what you are doing. Simple advice, we admit, but we know from experience how many people decide to start trading and then ask questions later. Please know what you are doing with WestPac or easyMarkets before investing money into something.

Beware of the risks that come with trading with WestPac or easyMarkets. The financial markets can be volatile, and investments can go down and up. Educate yourself, and use all WestPac and easyMarkets educational resources and financial research tools. If you are new to trading, sign up for a demo account with WestPac and easyMarkets to find which suits you and your trading style.

Some of you might be thinking about what we mean when we say 'trading style'. Here are a few examples. A day trader using WestPac or easyMarkets will look to open positions and close them on the same day. Day trading in this way will require a broker that specialises in this. To do this with some brokers would be a bad idea because of the commission and fees involved. Check if WestPac and easyMarkets fees match your trading requirements.

Alternatively, you could be on the end of this scale and decide to wait years before you close your investments with WestPac or easyMarkets if your investment strategy is more long-term.

WestPac and easyMarkets Alternatives

If WestPac and easyMarkets are not what you are not quite what you are looking for we list some of the best WestPac and easyMarkets alternatives below.

Other WestPac and easyMarkets Vs Comparisons

If you are still looking for an alternative to WestPac and easyMarkets and want to see how WestPac or easyMarkets compares Vs other brokers check out the WestPac Vs and easyMarkets Vs list below.

WestPac Vs Alternatives

Still not happy have a look at some of our alternative WestPac Vs side by side comparisons below

• WestPac vs IC Markets
• WestPac vs Roboforex
• WestPac vs eToro
• WestPac vs XTB
• WestPac vs XM
• WestPac vs Pepperstone
• WestPac vs AvaTrade
• WestPac vs FP Markets
• WestPac vs easyMarkets
• WestPac vs SpreadEx

easyMarkets Vs Alternatives

Still not happy have a look at some of our alternative WestPac Vs side by side comparisons below

• easyMarkets vs IC Markets
• easyMarkets vs Roboforex
• easyMarkets vs eToro
• easyMarkets vs XTB
• easyMarkets vs XM
• easyMarkets vs Pepperstone
• easyMarkets vs AvaTrade
• easyMarkets vs FP Markets
• easyMarkets vs SpreadEx
• easyMarkets vs FxPro

WestPac Vs easyMarkets Frequently Asked Questions

We answer some of the most frequently asked WestPac Vs easyMarkets questions below.

Is WestPac any Good?

Knowing that a broker is legit is the first thing you should check before signing up with a broker. Is WestPac legit? - WestPac are regulated by ACL (Australian Credit Licence) (233714) and have been in business since 2008

Is easyMarkets any Good?

easyMarkets are regulated by Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) and have been in business since 2001.

Which is better WestPac or easyMarkets?

WestPac does not have a high rating, while easyMarkets does not have a high rating.

Is WestPac a con?

WestPac is regulated by ACL (Australian Credit Licence) (233714) and have been in business since 2008. We recommend looking at a WestPac alternative that has more financial regulation.

Is easyMarkets a con?

easyMarkets is regulated by Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) and have been in business since 2001. easyMarkets is most definitely not a con as they are regulated by major financial regulators.

What happens if WestPac or easyMarkets go bust?

WestPac and easyMarkets are regulated, which means that as part of their regulatory obligations WestPac and easyMarkets have to offer a certain level of financial protection to their clients. WestPac and easyMarkets should by law keep client funds separate from WestPac and easyMarkets funds. If either WestPac or easyMarkets goes bankrupt, they should not have access to your money. Customer accounts should be segregated. A financial services compensation scheme differs from country to country, so check this on the WestPac and easyMarkets websites and regulators.

Are WestPac or easyMarkets good for beginners?

WestPac and easyMarkets offer low deposits and access to a selection of market insights and news resources. Both WestPac and easyMarkets offer demo accounts. Demo trading accounts are a big plus for WestPac and easyMarkets as it shows they are interested in their customers.