EasyMarkets

easyMarkets Review

easyMarkets was formed by bankers and Forex experts and has been serving the forex market for 18 years. As a result of being regulated by multiple authorities including CySEC, EasyMarkets is a broker you can trust. They stand behind their philosophy to be openly accessible for all types of traders, simple for those starting out, and practical for even the most advanced traders. What’s more, easyMarkets has transparent pricing with fixed spreads and no commissions on deposits or withdrawals.

Tradeable Assets

Trade over 200+ products on their platform and this includes CFDs, forex, metals, commodities, indices and vanilla options.

Account Types

Clients at easyMarkets have the choice of two trading accounts that are available on two platforms – MetaTrader 4 and the broker’s proprietary web-based platform. Both of these account types offer commission-free trading, leverage up to 1:30, and fixed spreads. There are micro lots available for trade only to the Standard account holders.

At easyMarkets, several features are available solely to VIP account holders, like the Personal Market Analyst, Loyalty Rebates, Free trading signals, Express Withdrawals, Free Breaking news, SMS Alerts, and more.

If you do not require these extras or you aren’t looking to invest a lot of money, you can get the VIP spreads on the Standard account if you deposit $250.

There are also Islamic (swap-free) accounts available. These accounts are compliant with the Sharia law for those clients who, for religious reasons, don’t want to earn interest.

*The Standard account holders who deposit $250 or more, get VIP spreads.

Regulation

Easy Forex Trading Ltd, who conducts its business as easyMarkets, is licensed and regulated by the Cyprus Securities and Exchange Commission. Its Australian subsidiary – EasyMarkets PTY Ltd. – is authorized and regulated by the Australian Securities and Investment Commission (ASIC).

Platforms

easyMarkets’ client can choose from the popular MetaTrader 4 (MT4) and the broker’s proprietary web-based platform.

The in-house platform at easyMarkets offers traders advanced charts, technical analysis and sentiment, and live market news all on one screen, with one click trading (from the Market Explorer).

In addition to those features, platform users get free Guaranteed stop-loss and deal cancellation option. These features are two great risk management tools.

easyMarkets also offers the powerful MT4. This platform allows traders to automate their operations fully. Their traders can do so by choosing from a broad range of Expert Advisors (EA) and let the program do all the work. It’s one of the reasons that most traders prefer this platform. Also, this platform offers several useful technical indicators, extensive back-testing and advanced charting package, including the option to trade directly from the chart.

Promotions

At easyMarkets clients can receive up to 50% for their First Deposit Bonus up to $2.000, excluding the EU clients. Please see the breakdown below.

Trading Conditions

Minimum initial deposit

When you open an account with easyMarkets, there is a minimum deposit of $100.

Spreads & Commissions

This broker offers their traders fixed spreads. These fixed spreads allow traders to predetermine their costs. Also, there are no commission fees charged, since the broker generates revenues through the bid-ask spread that is paid by traders on each transaction.

Even though the fixed spreads generally tend to be wider than the variable ones, this isn’t the case with easyMarkets. At easyMarkets, their spreads amount to 1 pips on EUR/USD and are accessible with a $250 deposit.

Leverage

The maximum leverage level offered by easyMarkets is 1:30. This level is considered comparatively high, seeing as recently CySEC has proposed the default leverage provided by brokers to be 1:50. The reason for limitations to leverage is that higher leverage involves a higher risk of heavy losses.

Deposit Options

The brokerage provides a variety of payment methods, which include credit cards (Visa, Visa Electron, Mastercard, Maestro), bank transfer and e-wallet systems, like Skrill, Neteller, WebMoney, SoFortüberweisung, Giropay, UnionPay, American Express, and Ideal.

Withdrawal Methods

When making withdrawals to credit/debit cards and e-wallets, there’s no minimum withdrawal amount. For withdrawals to bank accounts, there is a required minimum amount of $50. All deposits and withdrawals are commission-free.

Customer Support

easyMarkets has three major support centres, therefore ensuring that their traders receive support worldwide. For Europe, there is a support centre in Limassol, Cyprus. For the Asia-Pacific region, there’s a centre located in Sydney, Australia to support traders from that region. Traders from the rest of the world, are supported by the support centre based in the Marshall Islands.

Additionally, easyMarkets has a 24/5 customer service system which customers can reach via live chat, email, and telephone.

Languages

Services are available in 12 different languages including English, Spanish, German, Russian, French, Hebrew, Polish, Chinese, Dutch, Greek, Indonesian, and Arabic.

Address

PO Box 53742, Limassol 3317, Cyprus

Ease of Use

EasyMarkets stands above their competition in that traders can begin trading immediately without needing to first open a bank account, depositing money in advance, or having to download software.

Why Trade at easyMarkets

Traders can modify the three platforms at easyMarkets to meet their needs, from those starting out in the trading world to experienced traders. easyMarkets platforms include their straightforward web platform, MetaTrader’s custom trading systems, and their mobile app.

To see how easyMarkets ranks against other industry-leading trading platforms see our comparison charts. Read our expert reviews, see our ratings and compare the best online trading platforms, features, fees, and more.