easyMarkets Review

easyMarkets Overview

easyMarkets is a regulated online trading broker offering traders of all levels access to trade over 200+ trading instruments in global markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs ETFs. They are one of the longest serving and largest brokers with many years of expertise and hundreds of thousands of clients in 160+ countries worldwide.

Since they were founded in 2001 and rebranded in 2016 from easy-forex to easyMarkets, their philosophy has been to provide easy, transparent, accessible and friendly trading services to all traders. They were amongst the first to offer online trading and have a powerful user-friendly web and mobile platform that is easy enough to use for novice traders yet advanced and flexible enough for the more experienced traders.

easyMarkets is proud to be a market maker because it enables them to keep offering fixed spreads whatever the market volatility is. They do not disable trading and conditions always remain the same. Costs can be calculated prior to taking a trade due to the fixed spreads and no slippage on their web platform.

easyMarkets offer a range of innovative products, tools and services. These unique tools include free guaranteed stop loss, insideViewer, Freeze Rate and dealCancellation.

easyMarkets are rated excellent with 600+ reviews on Trustpilot. They have won over 37 international awards including Best Forex Broker (The Forex Expo 2019, Dubai), Best APAC Region Broker (ADVFN International Financial Awards 2018) and Most Innovative Broker (World Finance Markets Awards 2018).

easyMarkets Regulation

easyMarkets are regulated in Europe by the Cyprus Securities and Exchange Commission (CySEC) and in the Asian Pacific Region by the Australian Securities and Investment Commission (ASIC). They were amongst the first firms to be registered and licensed by these authorities. The broker later acquired an FSA Seychelles and British Virgin Islands Financial Services Commission (BVI) license to cover global clients.

They are also fully compliant with all European Securities and Markets Authority regulations (ESMA). ESMA is an independent EU Authority that contributes to safeguarding the stability of the European Union’s financial system by enhancing the protection of investors and promoting stable and orderly financial markets.

Client funds are held in segregated top tier global bank accounts away from the company funds so that they cannot be used for any other purpose. These funds are only accessible to clients and readily available as and when they need them. All trading accounts have negative balance protection that guarantees a client cannot lose more than their initial investment.

Company accounts are regularly audited. In addition to independent auditing, they also have risk managements in place to regularly identify, assess, monitor and control each type of risk associated with its operations.

As part of their continued commitment to clients, easyMarkets strives to remain a transparent, trusted and regulated online broker. They maintain sufficient liquid capital to cover all client deposits, any potential fluctuations in the company’s currency positions and other expenses. Having these regulations and policies in place, helps to ensure clients that funds and transactions are secured and protected.

easyMarkets Countries

easyMarkets do not provide services for residents of certain regions, such as the United States of America, Israel, Iran, North Korea, Iraq and some other countries. Some easyMarkets broker features and products mentioned within this easyMarkets review may not be available to traders from specific countries due to legal restrictions.

easyMarkets Platforms

easyMarkets provides traders with multiple trading platforms to choose from, flexible to suit individual needs.

easyMarkets App

The easyMarkets trading App puts the global markets at your fingertips with its intuitive design giving you access to all trading and information from the same user-friendly interface. You can access live real time prices and market news directly from within the app. Features include integrated tools for conducting analysis, dealCancellation, Freeze Rate and Free Guaranteed Stop Loss and Take Profit.

Available on iOS or Android devices, it gives you all of the same features as the easyMarkets web platform with access to markets everywhere in the world that you have an internet connection.

The easyMarkets trading app offers a variety of different ways to trade according to your trading strategy and goals.

easyTrade

easyTrade is an innovative product created by easyMarkets that allows you to easily place trades with zero spreads and no margin requirements, based on some pre-set parameters that you enter into the simple interface.

You can set the maximum risk that you are comfortable with before trading, how long the trade will last with an expiry time (or close it manually before this) and what direction you with to trade.

Day Trading

You can choose from over 150+ markets with the simple day trading tickets. Features include the ability to cancel a losing trade within an hour for a small fee using dealCancellation. The FreezeRate feature allows you to freeze prices to place your trade at the price that you want.

Pending Order

The pending order trading gives you more flexibility and control with the ability to set the rate and date at which you would like your positions to be opened. Freeze Rate can also pause the market at the prices that you want.

Vanilla Options

You can trade Vanilla Options with easyMarkets. These are a popular financial product often used by institutional traders to hedge against volatility but can also be used for long term trading.

easyMarkets Web Platform

The easyMarkets web platform is accessible through your browser and requires no software to be installed. You just need a web enabled device and internet connection. It is full of useful analytical trading tools and customisable features. Is has a very user-friendly interface that is simple to navigate and quick to learn. Over 200+ instruments are available on the web platform with features including dealCancellation, Freeze Rate, Free Guaranteed Stop Loss and Take Profit, no slippage, fixed spreads and no funding or withdrawal fees.

easyMarkets MT4

MetaTrader 4 (MT4) is one of the most popular trading platforms in the world. MT4 is well known for its easy to use interface and quick learning curve. It was developed by Russian company MetaQuotes, is available in multiple languages and free to download.

MT4 has a wide range of built-in technical indicators for analysing charts on multiple timeframes. You can load pre-set trading strategy templates or create your own and save them for future use.

There is a built-in MetaEditor where you can programme your own custom indicators and automated trading systems known as expert advisors (EAs). There is also a large online MQL4 community where traders share ideas and trading tools.

MT4 supports multiple order types including market execution and pending orders. You can enable one-click trading for more efficiently entering positions at the prices that you want.

In addition to the many features MT4 already has, easyMarkets offer good trading conditions, fixed spreads for price transparency, negative balance protection, free guaranteed stop loss and take profit, trading central news and analysis. There are 80+ markets to choose from including forex currencies, precious metals, commodities, indices and cryptocurrencies.

MT4 is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).

easyMarkets Trading Tools

dealCancellation

The dealCancellation feature gives you the ability to undo a trade within one hour for a small fee. This is useful if you have made a mistake and want to reclaim trade losses. This feature can be switched on or off.

Inside Viewer

The inside viewer is a sentiment tool that will show what percentage of other easyMarkets are buying or selling a particular trading instrument. Sentiment analysis is often used as part of a contrarian trading strategy.

Freeze Rate

The freeze rate feature lets you pause the market at a specific price rate and place your trade at this frozen rate.

Notifications

You can set your account and platform to send you up to date notifications to keep you informed about the latest market and account activity.

Market Explorer

You can monitor the rates, percentage change and high/lows of multiple markets. These can then be loaded into your trading ticket with just one click.

Live Rate Graphs

The charts display current and historical market movements. They can be used to spot potential trading opportunities by looking for price action patterns and using technical indicator analysis.

Financial Calendar

easyMarkets have an integrated financial calendar within the platform so that you can easily keep up to date with the latest financial releases.

Market News

You can get the latest market news releases directly into your platform to stay up to date with the latest happenings across different markets. News releases are often used as part of a fundamental analysis.

easyMarkets Education

You can increase your trading knowledge using the various articles, videos and eBooks that easyMarkets provide. They are free to anyone who opens an account and cover a range of topics suitable for beginner and experienced traders. Topics include trading strategies, trading psychology, technical analysis, risk management and an introduction to trading. There is also an FAQ and trading glossary.

easyMarkets Instruments

easyMarkets offer traders multiple ways to trade on multiple markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs ETFs.

Forex

Forex trading is a massive global market with over $5.3 trillion in currency exchanged every day. The currency market is open 24 hours a day, 5 days a week, with 3 main trading sessions around the world. These are the New York, London and Tokyo sessions. easyMarkets have over 95 major, minor and exotic currency pairs to choose from, including popular pairs such as the EURUSD, GBPUSD, USDCHF USDJPY.

Indices

Through easyMarkets you can trade 14 CFD global indices such as the SP 500, FTSE, NIKKEI, DAX, NASDAQ. Indices offer a mixed portfolio of top company stocks (Amazon, Nike, Honda, Sony, Olympus, BMW, Adidas, Airbus, etc) and are therefore considered a diversified product. They are separated into specific economies and can be impacted by interest rates, jobs data and strength of currencies.

Metals

easyMarkets offer CFD metal trading so you can trade precious metals such as gold and silver without actually needing to own the physical product. Precious metals are often considered safe heavens and used to hedge.

Commodities

easyMarkets provide access to trade both energy (hard/mined products) and agricultural (soft/grown products) CFD commodities. Commodities available to trade include oil, gas, wheat, coffee and sugar. Commodity trading is a popular way to diversify a portfolio and is primarily driven by supply and demand.

Cryptocurrencies

Cryptocurrencies are online digital currencies based on blockchain technology and complex mathematical algorithms for security. Cryptos are considered by many as the next evolution in currency. easyMarkets offer Bitcoin, Ethereum and Ripple, with no exchange account or digital wallet necessary.

easyMarkets Accounts Fees

There are 2 main account types, the VIP account for the easyMarkets web/app platforms or the VIP account for MT4. The account you opt for will most likely depend on what platform you wish to use. The main difference other than the platform used is that the VIP account for web/app has lower trading costs overall due to the tighter spreads and no slippage. Demo accounts are available if you wish to test the different trading platforms and conditions before opening a real account.

VIP Account Web/App

This account will allow you to use easyMarkets very own web and mobile app platforms which include extra unique features such as dealCancellation, Freeze Rate and Inside Viewer.

This account requires a minimum deposit of $100. The minimum position size on this account is 0.05 lots with fixed spreads on the EURUSD starting from just 1 pip, no commission charged and no slippage. Flexible leverage of up to 1:400 is available although EU clients have leverage capped at 1:30 due to MiFID regulations. There are no account fees or charges for deposits and withdrawals. These accounts have negative balance protection and guaranteed stop losses.

VIP Account MT4

This account will allow you to use the easyMarkets MT4 platform and requires a minimum deposit of $100. The minimum position size on this account is 0.01 lots with fixed spreads on the EURUSD starting from 1.8 pips and no commission charged. Flexible leverage of up to 1:400 is available although EU clients have leverage capped at 1:30 due to MiFID regulations. There are no account fees or charges for deposits and withdrawals. These accounts have negative balance protection and guaranteed stop losses.

As broker fees can vary and change, there may be additional fees that are not listed in this easyMarkets review. It is imperative to ensure that you check and understand all of the latest information before you open an easyMarkets broker account for online trading.

easyMarkets Support

easyMarkets welcome all queries and are happy to assist in a prompt and efficient manner through their award-winning support team. They can be contacted at one of their local offices or headquarters via email and telephone. There are also online chat options including Facebook, Viber and WhatsApp. Supported languages include English, Chinese, Polish, Arabic.

easyMarkets Deposit Withdrawal

easyMarkets have a wide selection of deposit and withdrawal methods without any fees. The method you choose may depend on how long it takes to process. If you want something quick then you may consider an online payment processor such as Skrill or Neteller. Please note that some methods may only be available to specific countries.

Some fees may be charged when using certain payment methods. Bank transfers may take a few business days to clear whilst some methods such as card payments can be instant.

Accounts can be opened in USD, GBP, EUR, CAD, AUD, ILS, CNY, NZD, NOK, CHF, JPY, PLN, SGD, ZAR. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

easyMarkets Account Opening

Signing up for an easyMarkets account is simple process. You need to complete the form on the website and then verify your email. Following on from that you can choose your account type and submit documents to verify your identification (e.g. passport) and address (e.g. utility bill). Once approved by the easyMarkets account team you will be able to fund your account and start trading.

easyMarkets FAQ

What is the easyMarkets minimum deposit?

The minimum deposit amount required to start trading with easyMarkets is $100. This is relatively cheap since some brokerage firms set their minimum deposit requirements at above $500.

How do I deposit money into easyMarkets?

If you already have an account and are logged in, you may deposit at the top of your screen in “My easyMarkets.” If you do not have a registered account, you must create one before you could deposit.

Depositing into your account is fast and easy. You can add funds into your account by using your credit or debit card, bank transfer, or some online payment processors, such as Neteller, Skrill, SticPay, Web Money, Perfect Money, and more.

What are easyMarkets deposit fees?

easyMarkets does not charge any fees for account deposits.

How do I withdraw money from easyMarkets?

You can withdraw your funds from your easyMarkets trading account using any of the payment options you used for your deposits: credit/debit cards, bank transfers, and some online payment gateways — Neteller, Skrill, Web Money, Perfect Money, and more.

You have to log into your account and go to “My easyMarkets Funds Management” to withdraw. Select the withdrawal method and enter the amount and any other account information that may be required. If you have deposited via credit or debit card, your funds will be returned to the same card.

What are easyMarkets withdrawal fees?

There are no fees on withdrawals at easyMarkets.

What is easyMarkets commission fee?

easyMarkets charges zero commissions on all the available trading account options.

Are there any easyMarkets inactivity fees?

Inactive accounts are charged with a maintenance fee of US$25 or the full amount of the free balance in the account if the free balance is less than US$25. There will be no charge if the free balance is zero. Accounts with a zero-free balance may also be closed.

What are easyMarkets account types?

The broker offers a choice of three live trading account options. The account types include VIP, Premium, and Standard accounts.

Is there an easyMarkets demo account?

Yes, easyMarkets offers a demo account option.

The demo account is designed to help traders familiarize themselves with the broker’s platform and practice their trading strategies with virtual funds before opening a real account.

The easyMarkets demo account has the same features and functions as a real account, but it does not simulate the real trading market conditions. Also, it does not take into consideration the psychological impact of trading with real money. So, your trading performance with a real account may not be comparable to that of trading with virtual funds.

What are easyMarkets spreads?

The broker offers low spreads from 0.03 pips.

The spread is the difference between the bid-ask prices you pay for each trade you take with the broker. It is essentially the difference between the highest price that a buyer is willing to pay for an asset and the lowest price that a seller is willing to accept.

What is easyMarkets leverage?

The broker offers leverage of up to 1:400.

Leveraged trading enables traders to enter larger position sizes than they would be able to without it. However, note that higher leverage leads to higher risks. Therefore, it is imperative to ensure that you clearly understand what leverage is and how it works before trading leveraged positions.

What are easyMarkets margin stop-out levels?

The margin at easyMarkets is 70% of the volume of the opened positions, while the stop-out level is at 30% for the MT4 trading platform.

Margin is the required amount in the trading account’s base currency needed to open or maintain a position. Margin is calculated as a percentage of the notional value of the CFD or a fixed monetary amount.

Do easyMarkets allow hedging, scalping expert advisors?

easyMarkets welcomes all trading strategies: hedging, scalping expert advisors.

Is there an easyMarkets Islamic account?

easyMarkets offers an Islamic account. The Islamic account is swap-free and is best suited for clients of the Muslim faith.

What are easyMarkets trading instruments?

The broker offers over 200 trading instruments across different asset classes, including forex, commodities, cryptocurrency, stocks, shares, indices, metals, energies, options, bonds, CFDs, and ETFs.

How do I open an easyMarkets live account?

Opening an easyMarkets account is simple. You need to click on the “Sign Up” tab at the top right corner of the easyMarkets website and complete your application form. Once the accounts team has approved your online application form, you will be emailed your trading account login details and password. You can then download the trading platforms and fund your account.

How do I verify my easyMarkets account?

To verify your easyMarkets account, you need to provide the following documents:

1) Personal ID – a valid copy of your Passport or your national ID card or Driver’s license (with your photo).

2) Proof of your address – any bill with your name and address: utility or bank statement. Should not be older than six months.

What is easyMarkets trading platform?

easyMarkets provides traders with the popular MT4 trading platform, an advanced trading platform that was launched in 2005. The platform is very popular among forex and CFD traders due to its built-in features and enhanced capabilities. The MT4 trading platform is available as a desktop application for Windows and Mac computers, a Web Trader that can run directly on modern web browsers — Chrome, Safari, Edge, Firefox, and more — and a mobile app that is compatible with mobile devices running on Android and iOS.

Where can I download the easyMarkets platform?

The WebTrader platform can be accessed directly from the broker’s website via any modern web browser. The desktop applications for Windows and Mac computers can be downloaded from the broker’s website. In contrast, the mobile apps can be downloaded from the Google and Apple stores, which can also be accessed from the broker’s website.

Where is easyMarkets located?

EasyMarkets is located in Cyprus.

Is easyMarkets regulated?

easyMarkets are regulated in Europe by the Cyprus Securities and Exchange Commission (CySEC) and in the Asian Pacific Region by the Australian Securities and Investment Commission (ASIC). They are also regulated by the FSA Seychelles and British Virgin Islands Financial Services Commission (BVI).

What countries do easyMarkets accept?

easyMarkets Group of Companies does not provide services for residents of certain regions, such as the United States of America, Israel, Iran, Syria, Afghanistan, North Korea, Somalia, Yemen, Iraq, Sudan, South Sudan, British Columbia, Ontario, Manitoba, Equatorial Guinea, Guinea Bissau, Turkmenistan, Venezuela, Libya, Republic of Congo (Brazzavile), Democratic Republic of Congo, Chad, Haiti, Quebec, Cambodia, Cuba, and Burundi.

Is easyMarkets a scam?

No, easyMarkets is not a scam. The CySEC and ASIC properly regulate them.

How can I contact easyMarkets support?

easyMarkets offers a knowledgeable client support team available to respond to clients’ technical, general, or account-related inquiries. You can reach the easyMarkets support team through the following contact channels: telephone, email, and social media.

easyMarkets Summary

easyMarkets has been around for a long time and established themselves as an innovative broker with unique features not available elsewhere. The platforms and tools are very flexible to suit all styles of trader whilst there is a wide range of trading instruments across multiple markets. They have won multiple awards and are under strict regulation which helps to give clients peace of mind they are using a broker that can be trusted.