easyMarkets is a Forex trading company and broker based in Cyprus, established in 2001. It was among the pioneers in providing online trading through its user-friendly platform. Read this easyMarkets review to get better insight of it before trading.
The firm has offices in Shanghai, Sydney, Limassol (Cyprus), and the Marshall Islands, enabling it to deliver services worldwide while ensuring personalized customer support.
As it has grown, easyMarkets broker has broadened its CFD offerings to encompass Forex instruments, global indices, energy commodities, metals, and a variety of cryptocurrencies, including Bitcoin, Ripple, and Ethereum.
easyMarkets Pros and Cons
Our analysis indicates that easyMarkets stands out in several key areas of its service offerings. This includes:
- Straightforward account setup
- A diverse selection of trading instruments
- Comprehensive educational resources
- The availability of multiple trading platforms.
The fees and spreads are generally consistent with industry standards, and the broker’s minimum deposit requirement is relatively low compared to competitors. Overall, as per our easyMarkets review, our experience has been favorable.
Regarding drawbacks, there are a few notable concerns. The broker does not provide 24/7 customer support, and its range of instruments is confined to Forex and CFDs. Additionally, the trading conditions may differ depending on the specific entity involved.
easyMarkets Review | Features
easyMarkets is a well-established broker that has been operating for several years. It consistently enhances its trading conditions while ensuring a secure environment governed by stringent regulations and guidelines.
We have thoroughly evaluated all facets of trading with easyMarkets and have summarized our findings into ten key points for traders to review at a glance.
easyMarkets Regulation and Security Measures
Easy Forex Trading Limited is the trading name of a financial firm established in Cyprus, which operates under the regulation of the Cyprus Securities and Exchange Commission (CySEC) per the Markets in Financial Instruments Directive (MiFID).
This regulatory framework allows the firm to legally offer services to clients within the European Economic Area (EEA) and beyond. Additionally, the broker is overseen by the reputable Australian Securities and Investments Commission (ASIC), further enhancing its credibility.
Moreover, the broker possesses a license from the Financial Sector Conduct Authority (FSCA) in South Africa, a respected regulatory body in the region, which facilitates the expansion of easyMarkets’ operations.
Furthermore, while EasyMarkets broker is based in the Marshall Islands, a jurisdiction that does not impose stringent regulations on financial entities, its compliance with ASIC and CySEC regulations contributes to its reputation as a reliable broker.
How Safe is Trading with easyMarkets?
easyMarkets is dedicated to delivering financial services that are transparent, reliable, and compliant with regulatory standards. This commitment to regulation necessitates the highest level of security through various measures, ensuring the safety of clients’ funds to maintain integrity and secure operations.
To achieve this, the company implements client fund segregation, engages in a compensation scheme in the event of insolvency, and adheres to rigorous operational standards that are subject to regular audits, which may vary slightly based on specific obligations.
easyMarkets Cost Structure and Fees
easyMarkets Brokerage Fees
The easyMarkets broker provides a competitive fee structure, featuring costs that are generally average or lower in comparison to other brokers. The broker’s fee structure is based on spreads, which can be either fixed or floating, depending on the type of account.
easyMarkets Spreads
In our examination of easyMarkets spreads, we found that the broker’s accounts operate solely on a spread basis. This indicates that there are no additional commissions, as all expenses are incorporated within the spreads themselves. Below are the detailed findings:
1. For the easyMarkets Web/App and TradingView accounts, the fixed spreads are as follows: EUR/USD – 0.8 pips, OIL/USD – $0.04, XAU/USD – $0.40.
2. For the MT4 Standard account, the fixed spreads are: EUR/USD – 1.7 pips, OIL/USD – $0.05, XAU/USD – $0.45.
3. For the MT4 Premium account, the fixed spreads are: EUR/USD – 1.2 pips, OIL/USD – $0.04, XAU/USD – $0.40.
4. For the MT4 VIP account, the fixed spreads are: EUR/USD – 0.7 pips, OIL/USD – 1.0 pips, OIL/USD – $0.03, XAU/USD – $0.35.
5. For the MT5 account, the variable spreads are: EUR/USD – 0.7 pips, OIL/USD – $0.011, XAU/USD – $0.20.
easyMarkets Commissions
According to our review for easyMarkets, the broker does not impose commissions or additional transaction fees; instead, all expenses are incorporated into the spreads. This could be a drawback for traders who favor minimal spreads accompanied by fixed commissions.
easyMarkets Trading Platforms and Tools
The variety of trading platforms offered by easyMarkets represents a significant advantage for the broker. In addition to the widely-used MT4 and MT5 platforms, easyMarkets provides access to the TradingView platform and mobile applications, enhancing the flexibility of the trading experience.
easyMarkets Web Platform
Recognizing the importance of easy access to trading platforms and personal accounts for clients, easyMarkets has developed a dedicated web platform that delivers a smooth trading experience.
This platform is equipped with distinctive features such as Free Guaranteed Stop Loss and Take Profit, which serve as risk management tools. Clients can trade from any internet-enabled device, anywhere with an internet connection, using the broker’s web platform.
With its user-friendly interface, robust analytical tools, and a selection of over 275 instruments, the platform caters to a variety of trading requirements. Furthermore, with zero slippage, trades are executed at the specified price, ensuring enhanced transparency and reliability.
easyMarkets Desktop MetaTrader 4 Platform
MetaTrader 4 is a favored choice among both novice and experienced traders. Its intuitive interface makes it accessible for beginners, while its versatility and comprehensive features attract advanced traders.
The platform facilitates one-click CFD trading and comes with pre-installed indicators, along with a wide array of tools for thorough analysis, thereby enriching the trading experience.
Additionally, clients can access over 150 markets, including currencies, metals, commodities, indices, cryptocurrencies, and stocks. Traders also benefit from historical data, the ability to back-test their strategies, and the use of Expert Advisors for trade automation.
The MT4 platform further enhances accessibility and flexibility as it is compatible with various devices, including iPhone, iPad, Android, and PC.
easyMarkets Desktop MetaTrader 5 Platform
The MT5 platform offers a versatile trading experience characterized by rapid execution and cutting-edge features. It is particularly popular among seasoned traders who value its sophisticated and customizable tools.
With 21 available chart timeframes, 38 integrated technical indicators, and the option to utilize Expert Advisors, traders can perform comprehensive market analysis. A notable feature of easyMarkets’ MT5 platform is its provision for variable spreads starting at 0.7 pips.
Furthermore, the platform boasts over 20 years of historical data, back-testing capabilities, and an impressive leverage of up to 1:2000, ensuring a sophisticated, innovative, and dependable trading environment.
easyMarkets TradingView Platform
The easyMarkets TradingView platform presents a wide array of features along with user-friendly navigation. It is an excellent choice for clients who seek access to advanced tools.
The platform guarantees fixed spreads without slippage and includes risk management features such as negative balance protection. It seamlessly integrates with the broker’s mobile and web applications, providing enhanced flexibility.
easyMarkets MobileTrader App
The easyMarkets mobile application is a versatile option suitable for traders at all experience levels. It combines effective analytical tools with robust trading functionalities, catering to those who prefer to trade while on the move.
The app offers easy access to market news, macroeconomic calendars, and trading signals, facilitating in-depth analysis that allows clients to operate under conditions nearly identical to those of the desktop platform.
easyMarkets Deposit and Withdrawal Options
Deposit Options at easyMarkets
Our research indicates that funding an account at easyMarkets broker is a straightforward process, accessible via the client area. The platform offers a variety of payment methods, including bank transfers, credit and debit cards, online cards, and several eWallet options such as Sofort, Giropay, iDeal, WebMoney, BPAY, Neteller, Skrill, and Fasapay.
Minimum Deposit
The minimum deposit required to open an account with easyMarkets is $25. However, larger accounts necessitate maintaining a higher balance, with VIP accounts requiring a minimum of $10,000.
Withdrawal Options at easyMarkets
easyMarkets does not impose any fees for depositing or withdrawing funds from your account. All payment methods provided by easyMarkets are fee-free; however, it is advisable to verify with your payment provider to ensure that they do not impose any charges.
There is no minimum withdrawal limit for transactions made via credit/debit cards and eWallets. For bank account withdrawals, a minimum of $50 is required.
All withdrawal requests are typically processed within two business days. But depending on the processing times of third parties, it may take between three to ten business days for the funds to appear in your account.
easyMarkets Customer Support and Responsiveness
Our analysis indicates that easyMarkets offers prompt and pertinent customer support. The broker facilitates multichannel assistance through Live Chat, email, and telephone.
However, a notable limitation is that their support services are not available around the clock. Additionally, the broker extends support via Messenger, WhatsApp, and Viber.
The FAQ section is well-structured, addressing the most frequently asked questions that traders may encounter. Therefore, traders can consult this section for relevant information and answers.
easyMarkets Research and Education
easyMarkets offers a range of exceptional analytical tools and features that are seamlessly integrated into its sophisticated trading platforms.
Additionally, traders can access various other resources through the broker’s website. Below are some of the research tools available at easyMarkets:
- The Market News section provides clients with updates on significant market events that may influence market dynamics.
- Another valuable research tool is the trading chart, which aids traders in conducting technical analysis by displaying current prices, historical price data, and more.
- Real-time market prices allow traders to make informed decisions regarding entry and exit points in their trades.
- Staying updated on price movements is crucial for minimizing risks and strategically planning future trading actions.
Education
We also explored the education section and discovered that the broker features a Trading Academy designed to enhance traders’ performance.
A comprehensive array of trading courses, eBooks, a glossary, and other educational materials significantly enrich traders’ knowledge and help them develop essential market skills.
The Trading Glossary is particularly beneficial for novice traders who may encounter unfamiliar trading terminology. It simplifies the trading process by providing clear explanations of various terms that may initially seem daunting.
The trading courses begin with an introduction to the fundamentals of trading and progress to more advanced topics, catering to both beginners and experienced traders. To access the full range of courses, it is necessary to open a trading account with the broker.
easyMarkets broker also provides an impressive collection of eBooks that guide traders from basic concepts to more complex strategies, covering aspects such as trading psychology and the effects of market fluctuations on trading.
Conclusion
We were thoroughly impressed with easyMarkets, and you would have too after you read this easyMarkets review. Their 20+ years in the industry have been dedicated to crafting a trading experience that is both comprehensive and user-friendly for traders of all levels.
In addition to its extensive experience, easyMarkets is well-regulated by two reputable agencies and has robust risk management strategies in place, benefiting both traders and the company itself. The platform offers a wide range of assets to trade, all with competitive spreads.
Traders can engage not only in standard FX instruments but also in Forwards and options. These are available on sophisticated trading platforms equipped with innovative tools and conditions. Moreover, the customer support was exceptional and attentive. Every inquiry we had was addressed quickly, which made our review process much smoother.