EasyMarkets Broker Review 2019

FairBinaryOptions Broker Certificate
  • Min. Deposit $100
  • Max. Leverage 1:400
  • Spread EUR/USD 1 pip
  • Mobile Yes
  • Platform Scipio
  • LiveChat Yes

In 2001, the pioneering company, Easy Forex Trading Ltd, currently operating with the trading name ‘EasyMarkets.com’, established the first web based Forex platform for trading financial instruments. The re-branding of the website to EasyMarkets.com in 2015, saw the launch of a new trading platform offering a much broader range of financial instruments, both traditional and revolutionary. Currently, EasyMarkets offers traders the opportunity to trade Forex, CFDs, Metals, Commodities, Vanilla Options, Indices and Cryptocurrencies, on the EasyMarkets proprietary trading platform or the MT4 platform. The new EasyMarkets trading app is available free for Android and iOS mobile devices, giving traders access to 300+ market instruments on the go.

EasyMarkets prides itself for transparency with no ‘sneaky fees’ or commissions, free guaranteed stop loss and fixed spreads. Importantly, it offers traders a unique ‘deal cancellation’ tool for undoing losing trades within one hour of making a deal. Despite the new trading name, the EasyMarkets website is operated by Easy Forex Trading Ltd, licensed and regulated by the Cyprus Securities and Exchange Commission (CySec) and the Australian Securities and Investment Commission (ASIC). EasyMarkets is available in English, Chinese, Arabic and Polish languages with 24/5 live support.

  1. Website Preview

  1. EasyMarkets Account Features

    Two types of live trading account are offered by easyMarkets. These are the Standard account and the VIP account. Islamic compliant versions of the trading accounts are offered to clients following the Islamic faith.

    Standard Forex Account

    Traders opening a Standard Forex account must make a minimum deposit of $100 for fixed spreads commencing at 3 pips. To open a 1 pip Standard Forex account, clients must make a minimum deposit of $250. The Standard trading account offers a client relationship manager, free trading signals, technical reports and guides on how to use them, free basic education and a platform tour.

    VIP Client Forex Account

    Clients need to make a minimum deposit of $2,500 to open a VIP account. The spreads are fixed and as low as 1 pip. As with the standard account clients enjoy free trading signals, charts, technical reports, basic education and a platform tour. Notably, in addition to a client relationship manager, VIP clients have SMS market updates, a personal analyst and trading support 24 hours a day over live chat or on the phone. What’s more, VIP clients enjoy express withdrawals from their easyMarkets trading accounts.

    Islamic Account

    EasyMarkets offers Islamic compliant trading that adheres to Sharia law. Significantly, the Islamic account has the same features and benefits as the standard trading accounts. However, when traders extend trading deals to the next day, no rolling fee is charged. Customers can contact the support team for information about opening an Islamic compliant trading account.

    Demo Account/Risk Free Trading Simulator

    A free Demo account also called the Risk-Free Trading Simulator can be opened at easyMarkets. It gives traders the opportunity to become familiar with the trading platforms and financial instruments whilst using virtual money. The Risk-Free Trading Simulator expires after 8 days and does not oblige traders to open a live account. However, if traders do set up a live easyMarkets trading account, a lifetime Demo account is made available for practicing trading strategies before opening live deals.

  2. EasyMarkets Trading Software

    Spreads are fixed for Forex accounts at easyMarkets without commission or hidden fees. For the standard Forex live trading account, spreads can be as low as 3 pips, tightening to 1 pip for traders upgrading to the VIP Client account.  Because easyMarkets is a ‘market maker’, it can offer traders access to tier-1 banks providing high liquidity and competitive pricing with no slippage. What’s more, clients can use the unique deal cancellation feature and enjoy the safety of a guaranteed stop loss, whilst trading with up to 100% margin.

    EasyMarkets Vanilla Options

    EasyMarkets offers traders easyMarkets Vanilla Options for the opportunity to trade Forex currency pairs, commodity crosses and metals in a completely different way. Primarily, Vanilla Options give traders the opportunity to trade more flexibly than with CFD and spot Forex trading. What’s more, traders cannot be stopped out or charged rolling fees. Vanilla Options allow trade of 7 major currencies against the USD as well as trading in minor currency crosses and exotic currency crosses.

    Some traders may confuse easyMarkets Vanilla Options with Binary Options. Whilst they have some common features, there are significant differences between them. Unlike Binary Options, easyMarkets Vanilla Options do not have pay out limits when traders win. Moreover, traders can close their positions with no obligation within the life of a contract without having to stick to an expiration date.

    EasyMarkets offers traders a choice of two main trading platforms, each with free mobile trading apps ensuring continuous access to global markets, easily and conveniently.

    EasyMarkets Platform

    The web based easyMarkets trading platform is accessible 24/7 and does not require software download or installation. It features convenient one-click trading from Market Explorer and negative balance protection. Conveniently, traders can see charts, technical analysis, news and sentiment on a single screen. The easyMarkets platform is compatible with Windows, iOS and Android operating systems on desktop and mobile devices. With the easyMarkets platform, traders gain access to 300+ trading markets with fixed spreads and up to 400:1 leverage. Trading markets include 136 currency pairs, CFDs, Vanilla trading options, indices, commodities and forward trading. Notably, the unique deal cancellation feature can be used for up to 1 hour after a deal is closed, allowing traders to recover their losses. Moreover, the free guaranteed stop loss tool ensures there is no price slippage.

    EasyMarkets Trading App

    The new easyMarkets trading app is available for Android and iOS powered mobile phones and tablets. Its free to download and lets traders monitor their accounts, get market news, open and close positions as well as cancel deals up to one hour after they were done.  Traders can deposit and withdraw funds using the Trading app and contact support, relationship managers and analysts.

    • EasyMarkets Meta Trader 4 Trading Platform

    The MT4 trading platform is perhaps the most popular trading program with traders all over the globe. It is available for download to desktop computers, Android and iOS devices, directly from the easyMarkets interface. It comes with three types of user guide that can be downloaded free as PDF files, as well as a demo account. The MT4 is a trusted platform offering access to 150+ trading markets and negative balance protection whilst providing leverage up to 400:1. Notably, the MT4 platform includes a multi-terminal option for money-managers, advanced analytical charts and autotrading. Traders enjoy the stability of fixed spreads with free guaranteed stops, as well as scalping and hedging opportunities with access to expert advisors.

    As of July 29th 2018, the leverage offered to EEA traders is changed according to the new regulatory rules adhering to The European Securities and Markets Authority known as ESMA which affect European RETAIL clients only.

    Presented below are the new leverage limits per assets for European Clients:

    • 30:1 for major currency pairs (such as EUR/USD)
    • 20:1 for non-major currency pairs (such as NZD/USD), gold and major indices: FTS, CAC, DAX, ESX, SPI, NDQ, NKI, ASX
    • 10:1 for commodities with the exception of gold and non-major equity indices
    • 2:1 for cryptocurrency CFD
    Your capital is at risk
  3. EasyMarkets Support Information

    Traders at easyMarkets have access to qualified support agents 24 hours a day, 5 days a week over the phone, live chat, Fax and email.  Several global office addresses, with email and phone numbers are available on the easyMarkets website for clients to address complaints or questions.

    We found the easyMarkets Educational Centre, exceptionally well structured and informative for traders with all levels of experience. Notably, the Learn Centre is packed with short, well presented news and training videos, articles, e-books for free download and guides for Forex trading and Vanilla Options. A ‘terms glossary’, explanations of economic indicators, FAQs about CFDs and Options trading, as well as a Forex info blog, make it varied and interesting. Trading tools are listed separately on the website, with full explanations of how each trading tool can assist in successful trading.

    Your capital is at risk
  4. EasyMarkets Payment Methods

    EasyMarkets supports a broad range of payment methods including bank transfer, E-Wallets, Credit and Debit cards. Indeed, it stands out from its competitors with a client-friendly policy of free deposits and withdrawals. What’s more, there is no minimum withdrawal amount unless clients opt for bank transfers, where a minimum of $50 is imposed. All withdrawal requests are processed within one day and delivered to clients as fast as the selected payment option allows. E-Wallets are the fastest payment method, typically taking one hour or less. Bank transfers can take 3 to 5 days for local deposits and up to 7 days for international deposits.

  5. Your capital is at risk
Easy Forex Trading Limited
EasyMarkets is regulated by CySecEasyMarkets
is regulated by
CySec
Reg no.: 079/07

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