easyMarkets Review

  • Regulated by: CySEC, ASiC
  • Headquarters: Cyprus, Australia
Website : Easymarkets.com
Established : 2001
Country : Cyprus
U.S. Clients Allowed : No

easymarkets

easyMarkets formerly known as “easy-forex” is an online FX and CFD broker established in 2001. With a global presence in all many major cities in the world, the broker strives to provide its customers with access to global financial markets.  easyMarkets offers an array of instruments for trading such as CFDs, options and spot forex market. As far as regulations go, the broker is well regulated with prestigious regulatory authorities in Europe and Australia. One of the reasons why easyMarkets continues to be a trusted named in the trading market since it started operated way back in 2001.

easyMarkets Regulations

easyMarkets strives to provide its clients transparency in the way they operate, this is proved by the fact that the dealer voluntarily submitted itself to be regulated by prestigious authorities all over the world.  It is regulated with CySEC (Cyprus Securities & Exchange Commission) under the license no #079/07. Being a regulated broker with CySEC automatically means being MiFID complaint broker. In Australia, the broker is regulated with ASIC (Australian Securities & Investments Commission under the license no. 246566.

easyMarkets Reliability

easymarkets awards

When it comes to reliability, easyMarkets has paved it way as a trust-worthy broker amongst the trading community. The broker goes to great lengths to support its varied clientele, in an effort to do so easyMarkets maintain satellite offices in main financial hubs such as Warsaw, Sydney and Shanghai. Also the broker goes out on a limb to equip the traders with knowledge on how to trade forex and innovative trading strategies and tools.

easyMarkets Trading Platforms

easyMarkets  offers two trading platforms to its clients – MetaTrader 4 (MT4) and its proprietary web-based program. Each platform has its plus and minuses and caters to different types of traders. Novice traders may find the web based programme easy to start with as there is no complicated installation required.

Experienced traders on the other hand may want a robust platform that can handle complicated trade orders and is equipped with advance integrated trading tools. What might appeal to this target group is MT4’s Expert Advisors feature which support automated trading.

For the potential clients who haven’t still made up their mind, easyMarkets offers obligation free trade simulator as a feature. In which the traders can experience live market trading experience and conditions with no real risk involved. The experienced traders can use the same to improve their strategies further.

forex-platform-devices

easyMarkets Mobile Trading

easyMarkets’ WebTrader is also available in a mobile app version on IOS and Andriod devices, free of charge. It is developed to cater to the traders who like to access the market and trade on the go.  The mobile trading app contains some of the chief features of the WebTrader. It not only lets you check trading account status, but also comes equipped with the one-of-a-kind ‘deal cancellation’ feature. This feature allows the trader to cancel any losing deals within 1 hour, so that they can recover all their losses.

easyMarkets Trade Types/Instruments

easyMarkets supports trading in a variety of assets types such as CFDs, forex, metals, options, commodities, indices and cryptocurrencies. This makes a total of over 300 instruments to trade in. Traders can choose to invest in forex options, spot market for forward FX contracts when it comes to currency trading.

easyMarkets Account Types

There are 2 types of trading accounts available at easyMarkets, a standard trading account, and a VIP account.

Two types of trading accounts are available at easyMarkets – Standard trading account and VIP trading account. Needless to say, each comes with their own set of benefits.

The minimum deposit for the Standard account is $100 and for a VIP account is $10,000.

easyMarkets Commissions & Spreads

The broker offers competitive spreads on different asset types, the exact spread applicable would depend of the type of asset that’s being traded.  The table below displays the break up for the typical spreads charged at easyMarkets.

easyMarkets Deposits & Withdrawals Options

A variety of methods are available for fund transfer at easyMarkets such as – American Express, Giropay, China Union Pay, International Deposit, JCB, Ideal, Maestro, Local deposit, MasterCard, Visa, Webmoney, WeChatPay, Neteller, SoFortüberweisung and Skrill.

At easyMarkets withdrawals don’t come with a minimum limit, barring withdrawals done to bank accounts and are done via the same method as used for deposits.

For bank withdrawals the minimum amount is $50. The withdrawal is processes within a day and can take up to 3 to 10 days for the money to show in the trader’s bank account.

easyMarkets Customer Support

The customer support at easyMarkets is available at 24/5 basis and one can get in touch with them for live chat, fax, email or telephones. In order to serve a diverse clientele which is spread across the globe; easyMarkets’ website is also available in Arabic, Chinese and Polish. It has a robust team which is comprehensive and thorough.

Conclusion

It is safe to say that easyMarkets is one of the leading online brokers. It is well regulated with a robust customer support. It takes huge efforts in ensuring that the clients have an efficient and fulfilling trading experience through their platforms and is an ideal choice for traders of any level.

easyMarkets Review

easyMarkets Review
9

Easy to use

9.0 /10

Fees

9.0 /10

Support

9.0 /10

Payment

9.0 /10

Pros

  • Over 300 tradable assets
  • Regulated by CySEC and ASiC
  • No commission fees
  • Negative balance protection
  • Variety of trading platforms

Cons

  • Doesn't offer VPS
Ricardo Martinez

Ricardo Martinez

Ricardo Martinez has been active in the financial markets for around 10 years. In the early days in his career he was a trader and worked as market analyst in different online brokers advising clients on key decisions of trading instruments in foreign exchange and commodity markets. Ricardo is currently working as independent trader with diversified portfolio over different markets. His writing for LearnMarketonline is part of his commitment to share knowledge with traders.