Welcome to Our Best Forex Broker Review Website. Today we are doing an easyMarkets Review. In this review, we will provide you complete information about this broker such as trading platforms, trading accounts, assets or markets available, payment methods, accepted countries, customer care services, educational resources, benefits and drawbacks, and our final verdict. So if you are planning to do trading using this broker then keep reading this article for making a good decision.
Let’s get started!
What is easyMarkets?
easyMarkets is a CFD trading site that lets users exchange commodities, forex, stocks, indices, and cryptocurrencies. The business is managed by CySEC and ASIC, making it a safe place to trade CFDs and forex. The company is well-known for its web-based application, which was created with the customer in mind.
Overall, the company has a positive reputation, particularly among new traders. easyMarkets is also known for its beginner-friendly functionality, such as a low freeze rate and the ability to cancel trades.
Let’s dive into the details of easyMarkets Review!
easyMarkets: Law and Regulation
easyMarkets is governed by CySec (the Cyprus Financial Supervisory Authority), allowing them to welcome traders from all over the EU, including the United Kingdom. Furthermore, the Australian Securities and Investments Commission (ASIC) regulates the brand (the Australian Securities & Investments Commission).
Easy Forex Trading Ltd, a subsidiary of easyMarkets, is a CySec-registered company. It has the license number 07907. On May 29th, 2007, the license was first issued.
easyMarkets: Trading Platforms
In this section of easyMarkets Review, we will discuss the trading platforms offered by this broker. easyMarkets provides users with a choice of two platforms: its proprietary web-based (HTML5) software and MetaTrader 4. (MT4).
The company’s platform is surprisingly light, with a simplicity and cleanliness that helps users stay focused on trading. However, for more demanding or seasoned traders, it might not be enough.
MetaTrader 4, on the other hand, is one of the most popular sites for online trading and has a solid reputation.
Users will easily log in to the easyMarkets websites and start trading right away, without having to download any extra applications or tools.
easyMarkets has its Android and iOS app, which can be downloaded either from the easyMarkets website or from the Google Play Store and Apple App Store.
The first thing to notice about the easyMarkets smartphone app is that it has the same kind of new, clean interface as the web-based version. It also has the same website-like syncing watch list.
The Trading View portion of the mobile app provides charting, which includes the same metrics (81 in total) as the easyMarkets platform’s online edition.
The software, like the web edition, lets users exchange with MetaTrader 4. All MT4 functions are available, allowing you to trade effectively no matter where you are or when you need to.
The software does not, however, have the same level of improved capabilities as MT5. This can be a thorn in the side for consumers who want to use MT5 on the go but have to settle for MT4 instead as part of easyMarkets’ offering.
The following features are available to consumers through the app:
- 30 maps with markers and studies
- Draw trend lines
- Moveable trend lines
- Multiple time frames
- Forex calendar
- Trading (Forex, CFDs)
- Basic warning
- Watch list
- Syncing with web-based account
easyMarkets: Trading Accounts
This section of easyMarkets Review will cover the trading account available to users. VIP Accounts are offered to European clients. Owing to legal limits, this has a maximum leverage of 1:30.
Traders may provide a Personal Account Manager who can supply them with information on price patterns, global activities, trading plans, and more for a minimum deposit of 100 EUR.
Trading insights such as daily fundamental and technical analysis, as well as trading central indicators, are also available to traders. The spreads on this account are extremely low.
The company offers three types of accounts for non-European clients: Standard, Premium, and VIP (details below).
The spread varies depending on the account selected. The minimum deposit for a standard account is 100 USD, for a Premium account it is 2000 USD, and for a VIP account, it is 10,000 USD.
All accounts have a maximum leverage of 1:400. All account holders are assigned, personal account managers. Daily fundamental and technical analysis emails are also sent out. easyMarkets accepts 18 different account currencies.
A standard account requires a minimum opening balance of £100. The EUR/USD distribution on standard accounts is set at 3 pips.
Premium account holders would benefit from a benchmark EUR/USD range of 2.5 pips. A £1000 minimum opening balance is expected to open a premium account. On the internet and the easyMarkets proprietary platform, the minimum transaction size is 0.5, but on the MetaTrader 4 platform, it is 0.05.
The EUR/USD spread on this account is 1.8 pips. Users must make an initial investment of at least £2,500 to apply for a VIP account.
Both traders have access to this account. It’s also useful for seasoned traders who want to put their tactics to the test, or for those who just want to check out the easyMarkets website. Demo accounts come with £10,000 in virtual funds pre-loaded.
easyMarkets: Assets and Markets
In this part of the easyMarkets Review, we will reveal the assets and markets available to traders. easyMarkets offers a diverse range of assets and portfolios. However, keep in mind that the instruments available will differ depending on the trader’s location – not all instruments will be available to you.
EasyMarkets currently sell CFDs, Vanilla Options, Forward Orders, and easyTrade as trading options.
They also offer you access to a variety of markets, including forex, indices, commodities, metals, stocks, and cryptocurrencies.
easyMarkets: Deposit and Withdrawal methods
In this part of the easyMarkets Review, we will highlight the deposit and withdrawal methods offered by this broker.
easyMarkets supports a wide range of online banking options, making it accessible to people all over the world.
Bank payments such as SOFORT, Bpay, and Giropay are accepted, as well as eWallets such as Neteller, Skrill, Webmoney, iDEAL, and Fasapay.
Users can also choose to make deposits and withdrawals through bank transfers, which can take up to three working days.
It is essential to have proof of address as well as proof of identity. If you finance your account with a credit card, easyMarkets can ask for additional documentation.
EasyMarkets offers a range of withdrawal options, much as it does with deposits.
The minimum number that can be withdrawn is £50. The easyMarkets portal processes payments easily.
easyMarkets does not charge redemption fees at the moment, making it an appealing choice for traders all over the world. The company is continuously introducing new currencies, so consumers can search the official website to see if they can make a withdrawal in their preferred currency.
easyMarkets: Accepted Countries
In this part of the easyMarkets Review, we will provide you the names of the countries accepted by this broker. Traders from Australia, Thailand, the United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, the United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and the majority of other countries are accepted at easyMarkets.
Traders from the United States, Israel, Iran, Iraq, Canada, and Spain are unable to use Easy Markets.
easyMarkets: Customer Services
This section of easyMarkets Review will highlight all the information about customer support services provided by this broker. The following networks for contact/customer service are available:
- Email: email@example.com or firstname.lastname@example.org
- Facebook chat
- WhatsApp chat
- Live online chat
- Demand a callback: customers should input their information on the easyMarkets website and request that a representative contact them (via email or phone)
The online chat attendants at easyMarkets are extremely attentive, usually responding to queries within 20 seconds. Helpers on the internet are professional and eager to help.
In this part of the easyMarkets Review, we will cover all the educational resources provided by this broker. easyMarkets has several unique features, many of which make trading much simpler – especially for new or novice traders.
The easyTrade app, for example, allows users to set their risk thresholds, trade durations, and future payouts. This helps users to increase their risk, leverage, and benefit potential. Trades are initiated by pressing a simple up or down button, which is particularly convenient for day traders.
Trade Cancellation is another valuable technique. This option allows you to cancel loosing trades for up to 1, 3, or 6 hours.
Freeze Rate is a tool that allows consumers to freeze onscreen rates for some time, allowing them to sell at that speed.
This is especially useful for day traders in competitive markets, where every second count and the valuation of a transaction can change dramatically in a short time.
EasyMarkets has a wealth of information, including the most recent news reports (as all seasoned traders know, news items can have a significant impact on trading) and a financial calendar. These functions are critical for real-time reporting and can aid in benefit maximization.
easyMarkets: Pros and Cons
In this part of the easyMarkets Review, we will summarize all the benefits and drawbacks of this broker.
- Reliable platform
- A wide range of instruments to choose from
- Simple smartphone trading
- Free analysis resources
- Low fixed spreads
- No fee
- Responsive customer service
- Innovative trading network with special capabilities for new traders (outside the EU)
- There are no programs available to customers in the United States
- No cent accounts available
- There are no Forex or VPS calculators
Conclusion easyMarkets Review
Finally, we reach the end of this easyMarkets Review. easyMarkets is a basic but welcome platform that provides many advantages over its rivals as an experienced broker with nearly two decades of trading experience.
In terms of accessibility, the platform places a strong focus on allowing users to browse the site quickly and conveniently when making trades. The website itself offers a diverse variety of accounts and instruments to select from. Whatever kind of trader you are, you should be able to find something here to satisfy – and maybe surpass – your needs. It’s easy to see why easyMarkets is so successful with so many advantages.
So if you are interested in trading using this broker then don’t forget to try it in the demo account first to see it works for you!