Welcome to Our Best Forex Indicator Website. We’re going to do an easyMarkets Review today. In this review, we’ll go over everything you need to know about this broker, including trading platforms, trading accounts, available assets or markets, payment methods, approved countries, customer service, educational resources, advantages and disadvantages, and our final verdict. So, if you’re thinking about trading with this broker, keep reading to make an informed decision.
Let’s get started!
What is easyMarkets?
easyMarkets is a CFD trading platform for commodities, forex, stocks, indexes, and cryptocurrency. CySEC and ASIC regulate the company, making it a safe place to trade CFDs and forex. The business is well-known for its web-based application, which was built with the customer in mind.
The company has a good reputation overall, especially among new traders. easyMarkets is also known for its user-friendly features, which include 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 regulated by CySec (the Cyprus Financial Supervisory Authority), allowing merchants from all over the EU, including the United Kingdom, to trade with them. ASIC (Australian Securities and Investments Commission) also oversees the brand (the Australian Securities & Investments Commission).
To be overseen by one of these agencies, EasyMarkets had to demonstrate an extremely high level of honesty, transparency, ethical trading, and complete financial responsibility.
Easy Forex Trading Ltd is a CySec-registered affiliate of easyMarkets. Its license number is 07907. The license was first released on May 29th, 2007.
easyMarkets: Trading Platforms
In this section of our easyMarkets review, we’ll go over the trading platforms that this broker has to offer. Users can choose between two platforms: easyMarkets proprietary web-based (HTML5) software and MetaTrader 4. (MT4).
The platform is surprisingly light, with a simplicity and cleanliness that allows users to remain focused on trading. However, for more discerning or experienced traders, it may not be sufficient.
MetaTrader 4, on the other hand, is one of the most prevalent and well-known online trading platforms.
Users will be able to quickly log in to the easyMarkets websites and begin trading without the need to download any additional applications or tools.
The easyMarkets Android and iOS apps are available for download from the easyMarkets website as well as the Google Play Store and Apple App Store.
The easyMarkets smartphone app has the same new, tidy interface as the web-based version, which is the first thing you’ll find. It also has the same syncing watch list as the website.
Charting is available in the Trading View section of the mobile app, which comprises the same metrics (a total of 81) as the easyMarkets platform’s online edition.
Users can trade with MetaTrader 4 using the program, just as they can with the web version. All MT4 features are accessible, allowing you to trade successfully regardless of where you are or when you need to.
However, the software does not provide the same level of enhanced functionality as MT5. Customers who want to use MT5 on the go but have to settle for MT4 as part of easyMarkets’ offering may find this a thorn in their side.
Consumers should use the app to access the following features:
- 30 maps and studies with markers
- Draw trend lines
- Moveable trend lines
- Multiple time frames
- Forex calendar
- Trading (Forex, CFDs)
- Basic warning
- Watch list
- Web-based account synchronization
easyMarkets: Trading Accounts
The trading account available to customers will be discussed in this section of the easyMarkets Review. The company provides VIP accounts to European customers. Due to legal restrictions, the optimum leverage is 1:30.
For a minimum deposit of 100 EUR, traders should provide a Personal Account Manager who can provide them with information on pricing trends, global operations, trading plans, and more.
Traders can also access trading perspectives such as daily basic and technical analysis, as well as trading central indicators. This account’s spreads are ridiculously low.
For non-European customers, the firm offers three types of accounts: standard, premium, and VIP.
The spread varies based on the account you choose. A standard account requires a minimum deposit of 100 USD, a Premium account requires a deposit of 2000 USD, and a VIP account requires a deposit of 10,000 USD.
A £100 minimum opening balance is required for a standard account. On standard accounts, the EUR/USD distribution is set at 3 pips.
A benchmark EUR/USD range of 2.5 pips will be beneficial to premium account holders. To open a premium account, you’ll need a minimum opening balance of £1000. The minimum transaction size on the internet and the easyMarkets proprietary platform is 0.5, although it is 0.05 on the MetaTrader 4 platform.
On this account, the EUR/USD spread is 1.8 pips. To apply for a VIP account, users must make an initial investment of at least £2,500.
This account is accessible to all traders. It is suggested for new merchants who are just starting in the market. It’s also helpful for experienced traders who want to put their strategies to the test, or for those who just want to look around the easyMarkets website. Virtual funds worth £10,000 are pre-loaded into demo accounts.
easyMarkets: Assets and Markets
The assets and markets available to traders will be revealed in this section of the easyMarkets Review. easyMarkets has a wide range of assets and portfolios to choose from. However, keep in mind that the instruments available can vary depending on the trader’s location – you may not have access to all of them.
As trading derivatives, EasyMarkets offers CFDs, Vanilla Options, Forward Orders, and easyTrade.
They also give you access to forex, indexes, commodities, metals, stocks, and cryptocurrencies, among other markets.
easyMarkets: Deposit and Withdrawal methods
This section of the easyMarkets Review will focus on the deposit and withdrawal options available to this broker.
easyMarkets accepts a variety of online banking options, making it available to users all over the world.
eWallets like Neteller, Skrill, Webmoney, iDEAL, and Fasapay, as well as bank payments like SOFORT, Bpay, and Giropay, are approved.
It is necessary to have both proofs of address and proof of identity. If you use a credit card to fund your account, easyMarkets may request additional documentation.
EasyMarkets, like its deposit options, offers a variety of withdrawal options.
Withdrawals, on the other hand, will be processed in the same way that the initial deposit was.
At the time, easyMarkets does not charge redemption fees, making it a desirable option for traders all over the world. Consumers should check the official website to see if they can make a withdrawal in their preferred currency, as the company is constantly adding new currencies.
easyMarkets: Accepted Countries
This section of the easyMarkets Review will give you the names of the countries that this broker accepts. Traders from Thailand, the United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, the United Arab Emirates, Saudi Arabia, Luxembourg, and Qatar, as well as the majority of other countries, are accepted at EasyMarkets.
Easy Markets is unavailable to traders from the United States, Israel, Iran, Iraq, Canada, and Spain.
easyMarkets: Customer Services
This section of the easyMarkets Review will highlight all of the information about the broker’s customer support services. The following contact/customer service networks are available:
- Email: firstname.lastname@example.org or email@example.com
- Demand a callback: customers should enter their information on the easyMarkets website and request that a representative contact them (via email or phone)
EasyMarkets’ online chat representatives are highly attentive, typically responding to queries within 20 seconds. On the internet, helpers are professional and anxious to assist.
This section of the easyMarkets Review will go over all of the educational tools that this broker offers. easyMarkets has several unique features that make trading a lot easier – particularly for new or inexperienced traders.
Users can set risk thresholds, trading durations, and future payouts in the easyTrade app, for example. Users would increase their risk, leverage, and benefit potential as a result of this. Day traders would appreciate how easy it is to start a trade by pressing a simple up or down button.
Another useful approach is trade cancellation. You can suspend loosing trades for up to 1, 3, or 6 hours using this option.
Freeze Rate is a tool that allows customers to set onscreen rates to zero for a set time, allowing them to sell at that rate.
This is particularly helpful for day traders in competitive markets, where every second count and a transaction’s value can change drastically in a short time.
EasyMarkets has a wealth of information, including the most recent news headlines (which, as all seasoned traders know, can have a huge effect on trading) and a financial calendar. These features are essential for real-time reporting and can help you maximize your benefits.
easyMarkets: Pros and Cons
This section of the easyMarkets Review will summarise all of the broker’s advantages and disadvantages.
- 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)
- No options are developed for customers in the United States
- Cent accounts not available
- No Forex or VPS calculators are available
Conclusion easyMarkets Review
Lastly, this easyMarkets Review comes to an end. As an experienced broker with nearly two decades of trading experience, easyMarkets is a simple but welcome platform that offers many benefits over its competitors.
When it comes to accessibility, the platform focuses on helping users to navigate the web quickly and easily when making trades. The website itself provides a wide range of accounts and instruments from which to choose. Whatever kind of trader you are, you should be able to find something to meet – and possibly exceed – your requirements here. With so many benefits, it’s easy to see why easyMarkets is so popular.
So, if you’re thinking about trading with this broker, don’t forget to test it out first in a demo account to see how it works for you!