EasyMarkets Review

Overall Rating

5/5

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EasyMarkets Review

📅 Year founded

2001

📈 Multiple top-tier regulation

Yes

📍 Headquarters

Limassol, Cyprus

🌍 Country of regulation

Cyprus / Australia / Seychelles / British Virgin Islands

✅ Regulators

CySec / ASIC / FSA / FSC

📈 Execution Type

Market Execution

💰 Minimum Deposit

$25 USD

🛡️ Negative Balance Protection

Yes

📉 Trading Platforms

MetaTrader4 / MetaTrader5 / TradingView / easyMarkets Platform

 ☪  Islamic account

Yes

📉 Trading Instruments

Forex / Metals / Commodities / Indices / Options / Cryptocurrencies / Shares

📱 Mobile trading

iOS / Android / Windows

💳 Payment Types Accepted

Credit and Debit Cards / Bank Wire Transfer / UnionPay / Sticpay / WebMoney / Perfect Money / Cryptocurrency deposits

🎮 Demo Account

Yes

 ⓒ Copy Trading

No

🎁 Bonus Offer

First Deposit Bonus / Partnership Program / Refer-a-Friend

💰 Account Currencies

USD / EUR / CAD / CZK / JPY / NZD / CHF / SGD / GBP / MXN / AUD / PLN / TRY / CNY / HKD / NOK / SEK / ZAR / BTC

📈 Minimum Trade

0.01 Lots

📈 Account Types

PAMM / MAM

📈 Margin Trading

Yes

📈 Trading fees

Low

📈 Inactivity fee

No

💰 Withdrawal fee

No

☎ Customer Support

24/5

💰 Max. Leverage

2 000:1

✔️ Hedging Allowed

Yes

✔️ Scalping Allowed

Yes

💰 Commission

Zero

💰 Spreads

From 0.7 pips

💰 Leverage

Flexible

💰 Currency Pairs (Total Forex pairs)

63

🔢 Number of clients

 

🥇 Instruments Offered

200 +

📙 Education Video Courses / eBooks / easyMarkets Academy / Trading Glossary / Knowledge Base

Click here ✅ Open a Trading Account

 

WHAT IS EASY MARKETS?

 

Found in 2001, easyMarkets is a respectable forex and CFD brokerage firm with its headquarters located in Limassol, Cyprus. This online broker is regulated by CySEC, ASIC, the FSA and the FSC.

At easyMarkets, clients can trade a range of trading instruments such as forex, metals, commodities, indices, options, cryptocurrencies and shares.

The broker also offers a variety of trading platforms to its traders including the broker’s own proprietary platform, MetaTrader4 (MT4), MetaTrader5 (MT5) and TradingView.

 

INTRODUCTION

 

easyMarkets refers to a platform that enables users to trade CFDs on forex, metals, commodities, indices, options, cryptocurrencies and shares. This platform is easy to use and guarantees you multiple features, mostly for beginners. Therefore, this article will offer you an in-depth review of easyMarkets by highlighting its variety of features.

This platform was launched in 2001 as a forex broker to democratise forex trading. Its mission was to ensure that it transforms trading from an exclusive activity for the richest institutions and individuals, to an activity that is accessible to anyone.

They have created an accessible market for anyone with a minimum deposit starting from $25 USD. This amount has not changed since they first started in 2001. With easyMarkets, you can easily avoid the lengthy bank transfer that is likely to consume much of your time.

The broker has a web platform to enable traders to trade comfortably using any enabled internet device and an internet connection.

On the other hand, it has a broad range of in-built analytical tools, making it accessible to over 200 trading devices. Bear in mind that it also comprises features like take profit levels, free guaranteed stop loss, freeze rate and deal cancellation.

Client funds on this platform are secluded from the company funds, known as segregated funds. These funds are usually kept secure and safe in the top tier, global banks with low credit risk.

It also keeps enough liquid capital to engulf the entire client bending bills, the company fluctuation currency position and client deposits. CySEC and ASIC are among the regulatory bodies easyMarkets complies with. They guarantee their clients a negative protection balance.

In case you need a live account, you need a minimum deposit of $25 USD. However, you can opt for another choice: a demo account, which easyMarkets provides free of cost. This will allow you to practice and familiarise yourself with the easyMarkets platforms.

 

PROS & CONS

 

Like any other trading platform, easyMarkets also has its benefits and downsides, and here is an overview of what you should expect:

 

PROS

  • It guarantees you professional and responsive client support.
  • It has an innovative platform for trading with modern and advanced features.
  • This platform guarantees you a first deposit bonus of 50% as a token to new traders, subject to terms and conditions on the broker’s website.
  • easyMarkets have no commissions or slippage.
  • It is regulated by ASIC, CySec, the FSA and the FSC.
  • It features segregated client funds.
  • Requires a minimum deposit of $25 USD.
  • The broker offers deal cancellation which is essentially insurance on losing trades.

 

CONS

  • It does not offer services to USA clients and clients from a range of other countries.
  • There is no option for an account with raw spreads.
  • Customer support is only available 24/5.

 

TRADING INSTRUMENTS

 

The trading instruments on offer from easyMarkets primarily include:

 

Forex

The currency exchange market is called forex trading. This is where financial institutions, companies and individuals exchange currencies at floating rates. Forex represents the most liquid market in the world with over $6 trillion USD traded daily.

easyMarkets offers deal cancellation as well as free guaranteed stop losses, ensuring traders can protect their capital. They also offer leverage up to 2 000:1.

 

Metals

In combination with precious metals ranging from gold, silver, palladium, copper and platinum, metals trading is a primary commodity that plays a crucial role in commodities trading. Furthermore, they are contract-based goods that are tradable meaning that you never own a physical piece of the traded instrument. easyMarkets allows leverage of up to 2 000:1 on gold on its MT5 platform.

 

Commodities

Numerous commodity markets guarantee traders multiple investment opportunities. The trading of soft commodities has been exercised for many centuries, and it is essential since it plays a primary in risk management and portfolio diversification.

During economic fluctuation or insecurity, it is ideal that you invest in tradable goods that are contract-based because this is a perfect way to moderate the risk. These soft commodities include oil, natural gas and agricultural commodities.

 

Indices

The stock indices or equity are market indexes that weigh a particular section of the stock market value. Indices are used in representing a specific set or stock mode of the nation’s biggest companies.

 

Cryptocurrencies

easyMarkets offers a wide array of cryptocurrencies to trade and allows for leverage as high as 400:1 on Bitcoin trades. Further cryptocurrencies offered by this broker include Bitcoin Cash, Ethereum, Ripple and Algorand.

 

TRADING PLATFORMS

 

easyMarkets offers its clients the following trading platforms:

  • Its proprietary platform is web-based (HTML5).
  • MT4.
  • MT5.
  • TradingView.

 

Bear in mind that the brands’ platform is light and incorporates cleanliness and simplicity to maintain your trade focus. However, for experienced traders and professionals, it might be unsatisfactory and thus the world renowned MetaTrader platforms are available.

 

MT4 and MT5

These platforms have gained popularity globally due to their excellent reputations, and they fall amongst the outstanding platforms for online trading.

Additionally, these platforms allow you to log in through the easyMarkets website and start your trading immediately. They are easy to use platforms with a wide range of available features.

 

TradingView

The world renowned charting platform has expanded to allow brokers and clients alike to use the platform to place trades. This platform, combined with its wide range of charting tools and communities is the perfect platform for those who wish to chart and trade on the same platform while having access to multiple strategies.

 

ACCOUNT TYPES

 

easyMarkets provides different account types depending on the trading platforms you choose to use. When using their proprietary platform or TradingView, they offer the VIP, Premium and Standard accounts where leverage on each account goes up to 200:1.

On MT4, the same offering applies but the spreads on each account is slightly different. Additionally, the leverage available on the MT4 platform is higher, at 400:1.

On MT5, there is only one account type on offer, providing variable spreads and leverage of up to 2 000:1. The minimum deposit is only $25 USD and this account the offers the lowest spreads of all.

The minimum deposits on the VIP, Premium and Standard account types are $10 000 USD, $2 000 USD and $25 USD respectively.

 

HOW TO OPEN AN ACCOUNT

 

To successfully register your forex trading account with easyMarkets, they require the standard KYC documents to go through the process of verifying your account details. The process is similar to that of opening an account at the bank for the first time. In this case, you will allow easyMarkets to verify your details and offer you the safety of your account and funds details.

The entire process of opening a new easyMarkets account is easy and short, and you can complete it online. You will be required to provide an email address or sign up through social media channels such as Facebook.

 

DEMO ACCOUNT

 

easyMarkets offers its users a demo account. This enables the users to enhance their skills in trading before they invest their money. The demo account is also useful for experienced traders who want to try out new trading strategies.

The demo account is loaded with virtual funds while the broker simulates real-life market conditions so that your experience on the emo account is as accurate as possible. This account type is also free of charge.

 

SOCIAL TRADING AND COPY TRADING

 

Although easyMarkets does not provide its own copy trading platform or service, they do not prohibit it. Traders can thus access these services via platforms like MT4 and MT5, through the use of EAs.

Copy trading is a software application that allows easyMarkets users, especially those in the financial markets, to copy accounts opened and to be managed automatically by a signal provider. It is an excellent trading technique that allows traders to learn and copy other trading techniques. This strategy has worked excellently for many individuals who have limited time to trade independently.

You only need to make sure you fund your account and monitor it or even watch it grow. easyMarkets allow you to use social trading and copy trading to ensure that you succeed and deliver maximum performance. Thus, if you are a new trader and barely know how to trade, you can take advantage of these trading methods.

 

COMMISSIONS & FEES

 

easyMarkets offers fixed spreads across its various account types, except the MT5 account which offers variable spreads. This means that fees are built into the spread, thus resulting in clients not having to worry about commissions payable on their trades.

The spreads offered by the broker are competitive and considering no commissions are charged on top of that, they represent very good value for money.

 

LEVERAGE

 

Leverage refers to the facility which makes you more exposed to a specific market you are trading on, and this even outdoes the deposit you used to open your trade. Leveraged products on forex trading maximises the potential to lose capital but also maximises your potential to profit.

easyMarkets provides negative balance protection, ensuring that you will never lose more money than what is available in your account.

Leverage is offered up to 200:1 on the easyMarkets and TradingView platforms, 400:1 on the MT4 platform and 2 000:1 on the MT5 platform.

 

WITHDRAWALS AND DEPOSITS

 

This is free of charge with easyMarkets. However, when a third party is involved, fees might be applicable. Withdrawals and deposits can be done through various methods offered by the broker, listed in the table above.

Processing time may range from instant to 5 days, depending on the method used. easyMarkets payment methods are verified and safe to use.

 

CUSTOMER SERVICE

 

Customer service at easyMarkets is readily available 24/5 and is considered to be of a very high standard. Customer support can be contacted via e-mail, Viber, Facebook Messenger, WhatsApp or the live chat feature on their website. The customer support at this broker is known for their quick and helpful responses.

 

SAFETY AND SECURITY

 

Your finances and personal data are more than safe with easyMarkets due to their regulatory and in-house IT combination. This is sufficient assurance that no hacker can reach your confidential information or your account. easyMarkets ensures that your funds are segregated in another separate account, meaning they do not use client funds in their own business operations. This is a further safety feature to ensure your funds are secure.

Bear in mind that clients’ registration is coordinated according to investor compensation fund protocols in top-tier banks. This broker offers you 100% protection.

 

PROMOTIONS

 

Deposit Bonus

easyMarkets offers a deposit bonus of up to 50% on first time deposits for clients to trade with. This can be claimed up to an amount of $2 000 USD.

 

Cancellation Deal

The cashback, also referred to as the cancellation deal, enables traders who are making a loss to cancel losing trades within a range of 1, 3 and 6 hours. The broker refunds the amount to your account and charges a small fee for this service. It is essentially a form of insurance on your trades. See more information on this offering here.

You can also use the freezing rate to freeze onscreen values for multiple seconds, allowing you to trade at a frozen figure. This is advantageous to traders working in unpredictable markets since, to them, every single second is essential because the trades value can change easily within a very short time.

 

Partnership Program

Anyone with a channel or social media account can sign up to become an affiliate with easyMarkets (subject to their discretion). This also ties in with their Refer-a-Friend program, both of which offer commissions on any successful referrals.

Various competitions are also hosted by easyMarkets, so be sure to keep an eye out for these when they do arise.

 

RESEARCH

 

To gain sufficient confidence in trading, you need to carry out adequate research about the markets in which you operate. easyMarkets makes research readily available to its clients in the form of Market News, Daily Pitch, What If, trading charts and a financial calendar amongst other, under its “Market Analysis” tab.

easyMarkets has a large offering of research tools, available to clients at their fingertips. This offering is included free of charge.

 

EDUCATION

 

Before you commence trading, it is ideal that you acquire sufficient trading skills and information about trading via education. This will ensure a higher chance of success in any type of trading you undertake.

Under its “Learn” tab, easyMarkets offers a wide range of educational tools, available to their clients who want to better themselves and learn more about the trading industry. These tools include various trading courses, free eBooks, an in-depth “Knowledge Base” as well as a trading glossary and economic indicators.

 

GLOBAL AWARDS

 

This company has won many awards for over 20 years due to its reputable performance. Below are some noticeable global awards:

  • Best Forex Broker (2024) – TradingView Broker Awards.
  • Best Global Broker (2023) – Dubai Expo.
  • Best Fixed Spread broker (2023) – KaigaiFXDaigaku.
  • Best Cryptocurrency Innovation UAE (2022) – Finance Derivative Magazine.
  • Most Reputable Multi-Asset Broker (2022) – Forex Expo Dubai.
  • Best Forex Trading Innovation (2021) – FxScouts.com.
  • Best Forex Trading App (2021) – Smart Vision Investment Expo.

 

The above are just some of the most recent global awards won by easyMarkets, with over 25 awards since 2016. Clearly, easyMarkets is a highly rated and reputable broker.

 

SAFE OR SCAM?

 

easyMarkets is regulated by multiple regulatory bodies, including ASIC and CySec amongst others. The fact that they are regulated in multiple jurisdictions, means clients from a range of countries are protected. It further means that the broker has high standards of compliance which it must adhere to.

Additionally, as client funds are segregated, your money will be protected under any circumstances.

The deal cancellation offering is a further indicator that easyMarkets puts their clients capital and success at the forefront of everything they do.

 

CONCLUSION

 

easyMarkets has been in the industry for over 20 years and has built a reputation for being a honest, reliable and transparent broker. Their offering of a deal cancellation policy, is at the forefront of innovation in the trading industry and reaffirms their commitment to putting the client first.

Combined with their low spreads and range of trading platforms, the above ensures that easyMarkets should be considered as one of the top brokers around the globe.

The team at Brokersuggest.com is excited to see what further innovations easyMarkets comes up with and would highly recommend considering this broker as your future trading partner.

 

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