easyMarkets Review
Simply honest - business model and innovation code: easy, transparent, accessible and friendly.
Broker: easyMarkets
Leverage: 1:30 | 1:200
Regulation: ASIC, CySEC, FSC
Min. Deposit: 100 US$
HQ: Cyprus
Platforms: MT4, WebTrader, Mobile App
Found In: 2001
Website: easymarkets.com
easyMarkets Licences
Easy Forex Trading Ltd is authorized by CySEC, (Cyprus), registration number. 079/07
Easy Markets Pty Ltd is authorized by ASIC Australia, registration number. 246566
EF Worldwide Ltd - Authorized by FSC (British Virgin Islands), registration number. SIBA/L/20/1135
What is easyMarkets?
easyMarkets is a Cyprus-based firm. Offices the company can be found in Shanghai, Sydney, Limassol (Cyprus), and the Marshall Islands. easyMarkets offer global services and personal customer service. Trading conditions that are transparent and trustworthy in the face of market volatility, with fixed spreads and no slippage, is what easyMarkets strives for. This ensures traders know exactly their costs.
easyMarkets CFDs have grown over the years to include Forex instruments and global indexes, energies and metals.
Overview
easyMarkets was founded in 2001 on the idea of democratizing trading, make it accessible and easier. easyMarkets offer valuable trading tools and conditions such as free guaranteed stop loss, insideViewer, Freeze Rate - and our most innovative tool yet: dealCancellation.
Pros
Fast and easy account opening
Innovative technology and tools
There are several trading platforms to choose from
Supports MT4 platform
Negative balance protection
Cons
No services to clients from USA and over 20 other countries
Inactivity fee
Not 24/7 support
Rating of the company overall
Reliability ⭐⭐⭐⭐
Platform ⭐⭐⭐⭐
Commissions ⭐⭐⭐
Support ⭐⭐⭐
Financial instruments ⭐⭐⭐
RATING: 3.5
Is easyMarkets a safe site or a fraud?
easyMarkets operates in a few jurisdictions and is not a fraud.
An operating name of Easy Forex Trading Limited, a Cyprus-based financial services company with registration number HE203997 and regulated by CySEC Europe. It complies to the MiFID set rules. It is a legal service that the EU can provide to clients in the EEA and beyond.
easyMarkets is also located on the Marshall Islands. Although it does not regulate financial companies, the office is regulated by ASIC in Asia Pacific Region. It is Australia Forex Broker and allows authorized trading services.
easyMarkets, as part of its client commitment, has always been transparent, trusted, and regulated financial services provider. To ensure integrity and safety, the regulatory commitment demands that clients have access to their funds.
This is accomplished by segregating client money, participating in a scheme in the event of company insolvency, and strictly auditing operational standards, which may differ according to the obligations.
Trading Insturments
The Market Explorer, which is built into easyMarkets technology, provides deep market insights. It shows the real-time rates for 200+ instruments that can be traded.
The democratic strategy also offers negative balance protection that is very useful for all trader types. In addition, the continuous innovation of easyMarkets delivers valuable trading tools, conditions, and tools such as insideViewer, freeze rate, guaranteed stop loss, and free guaranteed stop loss. This ensures traders safety, especially for those who trade in volatile conditions.
Leverage
You can also leverage powerful tools by trading multiple instruments. This may increase your chances of making a profit and allow you to have multiple accounts. However, it is important to know how to use tools correctly as incorrect or high leverage use can increase risks.
Leverage levels for easyMarkets depend on the platform or instrument used, and are also subject to regulatory restrictions.
Trading with Australian and international entities that are regulated by ASIC allows for high leverage. You can trade with major currencies at 1:400 and cryptocurrencies at 1:50.
CySEC regulates European entities. However, the levels are significantly lower due to ESMA restrictions which offer only 1:30 Forex instruments and 1:10 Commodities.
Types of accounts
Three types of trading accounts are available from easyMarkets. They each have different conditions that were developed over nearly two decades of experience to meet individual needs. However, it is important to verify with customer service which conditions you will be subject to, as they may differ depending on the trading entity.
Fees
Fixed spread with no commissions divided and determined by the trading account through which you operate.
All accounts come with daily emails that include technical analysis and fundamental information.
Spread
See the table below to compare spreads between easyMarkets.
easyMarkets rollover
Remember to always think easyMarkets rollover and the overnight fee as a cost. These charges are charged for positions that are held for more than one day. You can check the platform directly. Each instrument will have a different overnight position condition. This may include a refund or a fee.
Payment Methods
easyMarkets offers an online cashier for account funding. This service is available in the client area.
Options for deposit
Multiple payment funding options make it easy to access multiple ways of funding, including credit transfer, debit, online cards, and a variety of eWallets such as Sofort and giropay.
Minimum Deposit
easyMarkets minimum deposit is 100$. Larger accounts with VIP or premium conditions require higher balance maintenance.
easyMarkets Minimum Deposit vs Other Brokers
Withdrawal fee
easyMarkers does not charge fees to fund the account or withdraw funds from it. All payment methods offered by easyMarkets are covered. However, you should check with your payment provider to see if any fees may be waived.
Trade Platforms
An winning intuitive platform, easyMarkets, based on Web, thus won the choice. It doesn't require installation and can be adjusted to your computer's system. It is well-equipped with an array of tools that support trading and the powerful trading conditions provided by easyMarkets, it makes trading easy.
The easyMarkets app allows trading on any iOS and Android devices. This gives you access to markets from anywhere and at any time.
Research
However, MetaTrader4 is also highly recommended for its great trading conditions and customer support. It also includes Trading Central news and analysis.
The broker is constantly improving the trading software and delivering vast add-ons for the trading platforms. EasyTrader is a unique feature that allows you to instantly set custom features and execute your order. You can also guess if the price will rise or fall, as well as the maximum risk the trader is willing to take, the potential payout, the time duration and the rate.
Trading vanilla options are also available, which enable you to hedge against volatility as well as perform long-term trading.
Education
The educational services iss part of the offering. This allows traders at all levels to find useful information and trade better. The broker has been highly rewarded for their service and trust.
Conclusion
easyMarkets is a well-respected brokerage that has a long history of operation and offers transparent and fair trading conditions. easyMarkets is proud to be a market-making broker, as they provide stable trading conditions to their clients regardless of market conditions and extreme volatility. All easyMarkets clients have access to a wide range of account types, as well as advanced software features. This is something that is worth considering.