easyMarkets offers easy deposit and withdrawal in few easy steps. Read this article for more details.
easyMarkets is a leading forex broker that has been serving its clients since 2001. In this broker, you can trade forex, indices, and metals among many others. The broker is particularly known for its favorable conditions as well as innovative features, such as its proprietary dealCancellation tool, transparent pricing, and more.
As an easyMarkets client, you'll be able to access all the features and make trades in various markets using your account balance. But before we jump into that, let's learn how to make deposit and withdrawal in the guide below.
Available Payment Methods
easyMarkets offers one of the most extensive lists of payment methods in the industry starting from bank transfers to various e-wallets.
| Payment Method | Availability | Deposit Processing Time |
| Visa | All Countries (subject to exclusions) | Instant |
| AstroPay | All Countries | Instant |
| Local Bank Transfer | LATAM, Africa, India, Indonesia, Vietnam, Thailand, Malaysia | Up to 24 hours |
| PIX | Brazil Only | Up to 24 hours |
| NetBanking | India Only | Up to 1 hour |
| UPI | India Only | Up to 1 hour |
| Neteller | All Countries | Instant |
| Skrill | All Countries | Instant |
| Fasapay | Indonesia Only | 1 business day |
| Sticpay | All Countries | 1 business day |
| WebMoney | All Countries | 1 business day |
| Bitwallet | Japan Only | 1 business day |
| Perfect Money | All Countries | 1 business day |
| Bank Wire Transfer | - | 1 business day |
| Cryptocurrency | - | Up to 3 hours |
Guide to easyMarkets Deposit
In easyMarkets, you can choose to deposit directly to your easyMarkets and MT4 account, or you can transfer funds between accounts.
How to Make a Deposit
- Make a new trading account, the sign in using your account credentials.
- Click "My easyMarkets" on the top menu, then select "Deposit Funds" under the "My Funds" category.
- Choose which trading account you'd like to fund, then specify your payment method. You'll see an instruction based on your selected payment account. Specify the amount, then select "Proceed to Checkout".
- You'll get a confirmation screen of your deposit and an email confirmation.
Since 2001, easyMarkets have been writing their stories in financial markets. Simple, Honest, and Transparent, become three values that are carried on easyMarkets. The company has tried to make the process of trading as simple as possible.
They rebranded from easy-forex to easyMarkets in 2016. Over the years, easyMarkets expanded their CFD offerings to include global indices, options, metals, forex, commodities, and cryptocurrencies. The company is licensed by CySEC and ASIC.
Another privilege when trading in easyMarkets is its own platform. easyMarkets platform is simple and versatile. Based on reviews from traders, it's friendly to new clients and hosts a lot of features for experienced traders. Clients also receive free guaranteed stop loss, no slippage, fixed spreads, and no funding or withdrawal fees from easyMarkets.
There are three uniques features in the platform. Firstly, dealCancellation gives traders the ability to "undo" their trade. easyMarkets is the only broker that offers a way to close trade before it reaches 60 minutes duration only with a small fee.
Furthermore, traders can enjoy the Inside Viewer. This tool gives traders a deeper understanding of market sentiment by showing them percentage of buying and selling executed in the platform. The third unique feature is Freeze Rate. traders can pause a rate and place their trade at the "frozen" rate using this tool.
easyMarkets also includes financial calendar, market news, trading charts, and trading signals as the platform's perks. They also offer the technology on the mobile interface via iOS and Android devices. Traders can access markets anywhere and at any time.
MetaTrader 4 is also provided by easyMarkets. When using this popular trading platform, traders will get negative balance protection and fixed spreads. Besides that, Vanilla Options is available in this broker.
Because of those innovations, easyMarkets is an award-winning broker, receiving Forex Broker 2019 by The Forex Expo-Dubai, Most Innovative Broker 2018 by World Finance Markets Awards, Best APAC Region Broker 2018 by ADVFN International Financial Awards, Most Transparent Broker 2017 by Forex-Awards, Best Forex Service Provider 2017 by FXWord China, and many more over the years.
Moreover, easyMarkets offers three account types, such as VIP Accounts, Premium Accounts, and Standard Accounts. All of them can be accessed by the Web/App and MT4 platform. easyMarkets provide maximum leverage at 1:200 when using easyMarkets Web/App platform, and maximum leverage of 1:400 when using MT4.
Fixed spreads start from 1.0 pips in forex trading. Traders can become easyMarkets VIP clients with some benefits, such as trading via telephone, access to the tightest fixed spreads, personal analyst, and real-time market updates via SMS.
Traders do not need to pay additional fees whethere it is for commission, account fees, or deposit withdrawal. Account currencies are available in 18 options including EUR, CAD, CZK, JPY, NZD, USD, SGD, and many more. The company offers multiple ways to deposit and withdraw funds, some of them are credit/debit cards, bank transfers, and a ion of eWallets like Neteller, Skrill, and Fasapay.
For any questions or assistance, traders can contact the company directly at one of their local offices or at their headquarters in the Marshall Islands. Besides, traders can chat with their customer service by email, Facebook, WhatsApp, Viber, and Live Chat.
Based on the review above, easyMarkets provides easy-to-use platforms with some unique tools and it can be accessed by traders anytime and anywhere. Besides, traders do not need to pay extra fees for trading commission and deposit/withdrawal fees. Traders who register in easyMarkets can enjoy low spreads in EUR/USD pairs from 0.9 in the MT4 platform.
How to Transfer Funds between Accounts
- Head over to the "Internal Transfer" tab. Select the account you will transfer funds from as well as the target account.
- Select the amount, then click "Continue".
- A confirmation screen will show up on the screen and your email inbox.
easyMarkets Deposit Conditions
- All deposits in easyMarkets are completely free of charge regardless of the payment method that you choose.
- The minimum deposit requirement varies depending on the account type. For VIP account holders, the minimum deposit is 10,000 USD. For Premium account holders, the minimum deposit is 2,000 USD. For Standard account holders, the minimum deposit is 25 USD.
- easyMarkets offers base currency options that go beyond popular currencies only. This includes ZAR, CNY, SEK, NOK, TRY, and more.
How to Withdraw from easyMarkets
- Log in to your account using your email address/mobile phone number and password.
- Click "My easyMarkets" then choose "Withdraw Funds" under the "My Funds" category.
- Pick the trading account that you'd like to withdraw from. Specify the withdrawal amount and select the payment method, then click "Submit".
- All done! You'll get a confirmation screen as well as an email from easyMarkets containing your withdrawal request. At this step, the withdrawal status is pending.
- Don't forget to keep track of your request by clicking the Withdrawal Status button. This is also where you cancel your request if you want.
easymarkets Withdrawal Conditions
- In order to withdraw, you'll need to complete the account verification process. Make sure that you've provided Proof of Identity and Proof of Identity.
- All withdrawals in easyMarkets are free of charge. However, withdrawal of 500 USD or above (single or multiple requests) that does not meet the minimum requirement of trading volume (every 500 USD of withdrawal requires a minimum turnover of 200,000 USD) will be subject to a withdrawal fee of 10%.
- If you withdraw to credit/debit cards and e-wallets, you can withdraw in any amount as there is not minimum limit. Meanwhile, withdrawals to bank accounts can only be processed starting from 50 USD.
- All deposited amount must be withdrawn back to your original deposit method. Meanwhile, the profits you earn can be withdrawn to alternative methods.
- In easyMarkets, withdrawal requests are typically processed in 2 working days, but in some cases it may take more than that (3-10 days).
The Bottom Line
In conclusion, easyMarkets offers easy deposits and withdrawals with a number of benefits. First, the broker offers loads of instruments and base currencies. This gives you higher flexibility to manage your account according to your preferences. Second, the process is very straightforward and third, easyMarkets does not charge deposit and withdrawal fees regardless of the amount.
easyMarkets was founded back in 2001 when the only way to trade was through a physical trading room. Since then, the broker's purpose is to give market access to anyone who wants it. They ended up fundamentally changing the online trading industry in several aspects with their "simply honest" basic philosophy and business model.
5 Comments
Oct 25 2023
Wow, there are so many choices of funding methods!!! I'm wondering about the pros and cons of each one… Especially when it comes to their safety and processing time. But apart from that, there is another thing that still confuses me. It is stated in this article that withdrawal requests are usually processed within 2 working days, but why does it take 3-10 more days for the funds to reflect in the client's bank account balance? And if there is a delay or problem with the withdrawal process, will the broker contact the customer?
Oct 26 2023
Good question. It can be overwhelming at first, but it doesn't have to be complicated. You simply need to choose the one that's most convenient to you.
- Credit/debit cards are fast and easy to use, but they can also be expensive. While the broker doesn't charge any deposit fees, some credit cards charge high fees for international transactions.
- Bank transfers are a traditional way of sending money. It is considered the safest option out of them all, but it takes a while for your funds to show up on your account. I personally don't recommend this method if you are an active trader as it can easily mess up your schedule.
- e-wallets are in contrast, a modern payment method that allows you store and transfer money electronically. You can choose from many providers like Neteller, Skrill, etc. It offers instant deposits/withdrawals with lower fees, so it's certainly worth to consider.
I usually go with my credit card simply because it's the easiest option for me and the process is quite fast as well. You can also make deposits/withdrawals via mobile phone app, so it's accessible anywhere.
Oct 26 2023
Hi, allow me to answer your second question. So, here's how it works. After you make a withdrawal request, the broker will have to process it, check its eligibility, etc. This step takes up to 2 business days. During this period, your request is "on process". Then, the broker will send your request to the payment provider or bank institution, which will then further process the money before it can be reflected on your account. This is why withdrawals usually take about 3-10 days to complete.
If 2 days have passed and the status of your withdrawal is still on process, you can contact the customer service for further assistance. Just in case there's an issue with the withdrawal.
Oct 25 2023
I like the way easyMarkets allows its clients to make deposits and withdrawals for free. This means that traders can freely manage their account without having to calculate the cost of simply transferring money between accounts. My question, why is it mandatory to verify your account before making a withdrawal? I'm not sure if it's a good idea to upload confidential documents like ID card to a company that I barely know about. Is there a guarantee that the broker won't use my identity for fraudulent activities? This is what I'm most curious and worried about. Hopefully someone can enlighten me on this matter, thanks.
Oct 26 2023
This is actually a common rule among forex brokers and I believe it is mostly for security reasons. Initially, account verification is a part of the broker's compliance with the regulators, but it's also a way for the broker to learn about their clients and ensure that they are real people. This way, the broker can filter their clients from potential frauds and scammers. Verification is usually not mandatory, but it is required to access the broker's full features, including withdrawals. It is to ensure that the money is being sent to the rightful owner and avoid hacks.
It is worth to be underlined that KYC procedure is safe as long as you are trading with a fully regulated broker. easymarkets operates under the regulation of several authorities, including CySEC and ASIC. Therefore, the broker is considered trustworthy and reliable.