easyMarkets Review
💲 Min Deposit $25
⌛ Year Established 2001
💼 Regulation
💡 Min Position 0.01 lot
🌐 Website easymarkets.com
🌎 Country
⚖ Max Leverage 1:400
💰 Bonuses
👨💻 PAMM
🏆 Trading contests
📁 Segregated accounts
📊 MAM
📖 Free education
easyMarkets is a well-established broker since 2001. easyMarkets has headquarters in Cyprus, Australia, Seychelles and British Virgin Islands. easyMarkets to provide their Forex/CFD trading services to over 4 million clients.
This broker has also been regulated by CySEC 079/07, ASIC 246566, FSA (Seychelles) 19.09.2020 and FSC (BVI) 15.20.2020.
easyMarkets is thoroughly compliant with the EU's 4th Anti-Money Laundering Directive, so you can read all legal documents published on their website. As a member of Investor Compensation Fund (CIF), if you've schemed or the broker goes bankrupt, you will have access to up to compensation to a maximum amount of €20,000 compensation Negative balance protection and a guaranteed stop loss are also available for clients.
In 2016, the brokerage re-branded itself from easy-forex to easyMarkets. easyMarkets currently sponsors the Spanish football club, Real Madrid, which shows that the company is looking to build its brand and to stick around.
Extensive Review
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.
Account Information
Apart from the forex demo account, this broker offers VIP, Standard and Premium. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by easyMarkets is up to 1: 400. Meanwhile, you can open an account with a starting capital of $25.
There are three account types available at easyMarkets:
- VIP: The minimum deposit starts from $10,000, minimum position 1 lot, fixed spread, permit hedging, scalping, and expert advisors. The account also offers mobile trading.
- Standard: The minimum deposit starts from $100, minimum position 0.01 lot, fixed spread, permit hedging, scalping, and expert advisors. The account also offers mobile trading
- Premium: The minimum deposit required is $2,000 and the minimum position of 0.01 lot. Despite not offering expert advisors and scalping, premium users can get features such as mobile trading, trailing stops, pending orders, one-click trading, and auto trading.
Min Deposit
$25
Max Leverage
1:400
Spread
Fixed
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
💲 Min Deposit $10000
💡 Min Position 1 lot
🔢 Spread Fixed
📉 Scalping
🤖 Expert Advisors
💱 Hedging
⏳ Pending orders
1️⃣ One-click trading
💸 Commission
Fees
easyMarkets spread and pricing are transparent however It also charges substantial spreads across assets. The broker features a EUR/USD spread of 0.9 pips, but many other pairs carry a significantly higher mark-up.
As a market maker, easyMarkets trading environment obviously favors broker income over traders' profits. Approximately 74% of the broker's retail traders tend to lose money, which directly profits easyMarkets. However, there is no fee charged on deposits and withdrawals. Corporate actions apply to equity and index CFDs and are passed onto those portfolios in which those assets are held.
Instruments Traded
Besides lots of currency pair, easyMarkets also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil, Stocks and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
easyMarkets has plenty of assets and investments to choose from, but traders may find a more competitive trading environment elsewhere, those seeking cross-asset diversification, will not be served adequately. Commodities and metals are presented thoroughly, but equity and index CFDs are fairly limited, while only three cryptocurrencies are available. Over 200 assets across six investment classes are accessible at easyMarkets:
- Forex
- Shares
- Cryptocurrencies
- Metals
- Commodities
- Indices
As for VIP account, easyMarkets specifically provides it with the following instruments and leverage:
💲 Min Deposit $25
💡 Min Position 0.01 lot
🔢 Spread Fixed
📉 Scalping
🤖 Expert Advisors
💱 Hedging
⏳ Pending orders
1️⃣ One-click trading
💸 Commission
Fees
easyMarkets spread and pricing are transparent however It also charges substantial spreads across assets. The broker features a EUR/USD spread of 0.9 pips, but many other pairs carry a significantly higher mark-up.
As a market maker, easyMarkets trading environment obviously favors broker income over traders' profits. Approximately 74% of the broker's retail traders tend to lose money, which directly profits easyMarkets. However, there is no fee charged on deposits and withdrawals. Corporate actions apply to equity and index CFDs and are passed onto those portfolios in which those assets are held.
Instruments Traded
Besides lots of currency pair, easyMarkets also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil, Stocks and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
easyMarkets has plenty of assets and investments to choose from, but traders may find a more competitive trading environment elsewhere, those seeking cross-asset diversification, will not be served adequately. Commodities and metals are presented thoroughly, but equity and index CFDs are fairly limited, while only three cryptocurrencies are available. Over 200 assets across six investment classes are accessible at easyMarkets:
- Forex
- Shares
- Cryptocurrencies
- Metals
- Commodities
- Indices
As for Standard account, easyMarkets specifically provides it with the following instruments and leverage:
💲 Min Deposit $2000
💡 Min Position 0.01 lot
🔢 Spread Fixed
📉 Scalping
🤖 Expert Advisors
⏳ Pending orders
1️⃣ One-click trading
💸 Commission
Fees
easyMarkets spread and pricing are transparent however It also charges substantial spreads across assets. The broker features a EUR/USD spread of 0.9 pips, but many other pairs carry a significantly higher mark-up.
As a market maker, easyMarkets trading environment obviously favors broker income over traders' profits. Approximately 74% of the broker's retail traders tend to lose money, which directly profits easyMarkets. However, there is no fee charged on deposits and withdrawals. Corporate actions apply to equity and index CFDs and are passed onto those portfolios in which those assets are held.
Instruments Traded
Besides lots of currency pair, easyMarkets also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil, Stocks and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
easyMarkets has plenty of assets and investments to choose from, but traders may find a more competitive trading environment elsewhere, those seeking cross-asset diversification, will not be served adequately. Commodities and metals are presented thoroughly, but equity and index CFDs are fairly limited, while only three cryptocurrencies are available. Over 200 assets across six investment classes are accessible at easyMarkets:
- Forex
- Shares
- Cryptocurrencies
- Metals
- Commodities
- Indices
As for Premium account, easyMarkets specifically provides it with the following instruments and leverage:
Payment Methods
Deposits and withdrawals remain free of charge, but third-party fees may be applicable. Payments like bank wires, credit and debit cards, Skrill, Neteller, Sofort, as well as several regional-only options available for depositing funds. Users can also elect to use bank transfers for deposits and withdrawals, although these could take up to five business days. As required by its regulator, the name on the easyMarkets account and the payment processor needs to be the same.
easyMarkets offers several payment methods:
WebMoney : WebMoney is one of the major online wallet services which many people use to send money around the world. For this reason, there is a large number of forex brokers that accept WebMoney today. Like other online payment services today, WebMoney is supported by mobile applications to make transactions more efficient.
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.
Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.
FasaPay : Known as an e-payment for retail forex traders, FasaPay does not require a huge amount of fee, giving it a competitive edge among any other e-payments in the forex brokerage industry. Instant process is also featured as one of its advantages.
easyMarkets also provides payment with iDEAL, giropay, UnionPay, Tether (USDT), SOFORT, Litecoin, Ethereum, Crypto Cash, Crypto, Credit/debit cards, BPAY and AstroPay
Trading Platforms
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, easyMarkets offers you MetaTrader 4, easyMarkets Web Platform and MetaTrader 5.
- MetaTrader 4: easyMarkets provides MT4 trading platform, but it lacks a lot of critical third-party plugins which are necessary to unlock full functionality. Even though only a basic version, but MT4 remains the best choice available at easyMarkets.
Another new trading platform you can download is easyMarkets webtrader.
- easyMarkets webtrader: While the user interface looks modern and clean, and allowing options trading to be carried out, the app doesn't support automated trading or third-party plugins. The easyMarkets webtrader also comes with a hidden cost to traders in the form of higher spreads if you want to unlock all the products and services provided. Two of the broker's main features, dealCancellation, and Freeze Rate, are exclusively granted in this platform.
Unique Features
easyMarkets is also known for its beginner-friendly features including a low freeze rate and deal cancellation. The purpose is to enhance risk management, but what this broker fulfilled mirrors binary options trading more than Forex.
- Deal cancellation: This feature allows traders to cancel a losing trade; the implication is that the trades are never executed. easyMarkets will then collect a substantial fee for each canceled trade. dealCancellation is an innovative approach but serves mostly to charge traders for trades that aren't executed.
- The Freeze Rate: Freeze Rate is a tool that allows users to freeze the displayed price for a few seconds, in theory, to allow for the entry of trades. In practice, this offering is similar to one-click and automated trading, as provided in the MT4 trading platform.
- easyTrade: the easyTrade tool is useful to enhance risk management, but only available on just 20 assets and mirrors binary options trading.
Research and Education
easyMarkets offers some research additional tools including trading charts, financial calendar, and many more.
- Trading charts: Trading charts offer very little substance, and live currency rates can be obtained from the trading platform.
- Financial calendar: Financial calendar can be filtered to provide relevant upcoming financial data; potentially market-moving events are shown in red under the volatility column. The data can be filtered for relevancy for each trader.
- easyMarkets blog: The blog is the sole section where easyMarkets provides in-house content. It contains five categories, including Market News, Outlook, Technical Analysis, Education, and Fun Stuff. The market news section is a financial news feed, which can be found inside the MT4 trading platform.
Customer reviews show easyMarkets falls down when it comes to the research section, as the market analysis section is sorely lacking in substance and could be repaired.
Beginners or new traders will also find some educational section useful as it offers materials for less-experienced traders.
- Get Started segment offers seventeen videos with a solid introduction to the Forex market.
- Discovery Series adds three more videos, complementing a properly executed segment. The quality tapers off from here, however; traders may download nine eBooks,
- Knowledge Base is just an FAQ section.
Bonuses and Promotions
easyMarkets likes to offer bonuses and promotions to its users to express gratitude for their patronage. At the time of this review, easyMarkets offered three promotions; a first deposit bonus, a partnership program, and a refer-a-friend bonus.
Customer Support
Do you have any question or find any trouble related to easyMarkets? If you do, you should reach easyMarkets's support to get the information that you need. Here is the detail of the broker's customer support:
easyMarkets has reliable customer support via phone, e-mail, live chat, or assorted messenger apps. There are also social media platforms that you can reach on Facebook, Twitter, Instagram, etc., and contact can also be made in that manner. Support hours are not provided, but normal business hours are assumed.
Website Languages
Office Support
Email Support
Call Support
Chat Support
FAQ About easyMarkets
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if easyMarkets is a good broker for you or not by reviewing the criteria. In general, easyMarkets provides trading service in Forex , Gold & silver , CFD , Oil , Stocks and Crypto . As for the payment methods, you can choose between WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, BPAY, iDEAL, SOFORT, FasaPay, Crypto, Litecoin, giropay, Ethereum, Crypto Cash, Tether (USDT) and AstroPay. The customer support is available via Email, Web form, Phone, Callback, Live chat, Forum, Office and Skype.
The starting capital in easyMarkets is $25.
easyMarkets is regulated by CySEC 079/07, ASIC 246566, FSA (Seychelles) 19.09.2020 and FSC (BVI) 15.20.2020. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
easyMarkets is a brokerage company offering trading services for clients since 2001 with offices in Cyprus, Australia, Seychelles and British Virgin Islands.
Account Number: (342156xxx)
Jan 31 2022
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Dec 31 2021
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