easyMarkets is a simple, honest, and transparent forex broker that connects traders all over the world to the forex market. Founded in 2001, the reputable forex/CFD broker strives to democratize trading by giving market access to anyone worldwide. Enhancing online trading, all over the world, is core to easyMarkets mission provided the investments made and expanded offerings that cater to the needs of all investors.
The online Forex and CFD broker rebranded to easyMarkets from Easy Forex. Headquartered in Cyprus, the broker also maintains offices in the Marshall Islands and Australia to cater to international traders' needs.easyMarkets was the first forex broker to offer an online trading platform that ensured investors could not lose more than they invested.
Is easyMarkets Legitimate?
easyMarkets is a reliable and legitimate forex/CFD broker regulated in tier 1 and tier 2 jurisdictions. The broker is authorised to provide CFD products by the Australian Securities and Investment Commission. Its trust score in the space is above 80.
What Products does easyMarkets offer?
easyMarkets is a must trade with forex broker given the unique features it offers backed by over 200 Contract for Difference products. The broker provides support for over 95 currency pairs allowing traders to diversify their trading activity in the forex market. The broker offers both major and minor currency pairs as well as exotic currency pairs and cryptocurrency pairs.
It also provides access to 21 metals, including copper, gold, and silver. It also allows traders to trade over 15 high profile market indices. Cryptocurrency trading is also very much possible thanks to risk management tools on offer. Traders can also trade stocks of some of the biggest companies in the world as well as engage in options and commodity trading.
How Does easyMarkets Make Money?
easyMarkets makes money by charging fixed spreads on positions opened in various trading platforms. Fixed cost ensures traders walk away with optimum returns on closing positions in the market.
What Types of Trading Accounts Does easyMarkets Offer?
EasyMarkets offers different types of accounts designed to cater to the needs of different traders. The account types are trading platform, trading capital based, spreads, used, and services rendered.
Standard Account: An easyMarkets with a minimum deposit requirement of $100. The account is ideal for people who are just starting and won't wish to risk more.
Premium Account: This is an easyMarkets trading account for traders who have garnered some experience. The minimum opening balance is pegged at $2,000 and offers some of the lowest spreads for trading currency pairs. The minimum transaction size is 0.5.
VIP Account: an account for people who are willing to take significant risks by opening big positions. The minimum opening deposit is $10,000, according to traders' low spreads of as much 1.2 pips. Traders can negotiate the minimum transaction volume.
In all three accounts, traders can access leverage of up to 1:400. Customer support is available over the phone as well as access to Personal Account Manager.
Demo Account: Available to all traders. The account is especially useful for traders just getting started and would like to polish their trading skills and strategies before going live. The account comes pre-loaded with $10,000 in virtual money.
What Trading Platforms does easyMarkets support?
easyMarkets has sought to enhance the trading experience by offering three types of trading platforms, ideal for different situations. MT4 Platform, easyMarkets WEB Platform, and Mobile Trading platforms are the three platforms that traders can access.
The easyMarkets web platform caters to the needs of all levels of traders. The platform allows traders to access all listed assets for trading without downloading any software. Besides, to placing and closing positions, traders can also deposit and withdraw money from the platform.
The MT4 is the standard trading platform, given its capabilities. With the platform, to enhance traders can buy apps which compatible with MT4 to gain excellent trading experience. The app comes with an array of trading tools in the form of indicators and supports expert advisors. The platform also supports news and technical analysis.
The easyMarkets app is the proprietary mobile app that makes it easy for traders to stay in touch with the market while on the go. The mobile app is available for both iOS and Android devices, downloadable in their respective stores.
What Kind of Spreads, Pricing, and Execution does easyMarkets offer?
EasyMarkets offers some of the most competitive trading conditions designed to ensure traders end up with optimum returns. Unlike other Forex/CFD brokers, it provides fixed spreads that never change regardless of market volatility.
In addition to competitive conditions, easyMarkets also offers negative balance protection, free guaranteed stop loss, no commission, and zero withdrawal and deposit costs, as well as segregated client accounts.
What Options for Deposit and Withdrawals Are Available?
easyMarkets accepts a wide array of options for financing trading accounts and withdrawing money. Also, the Forex/CFD broker does not charge any fees on deposits and withdrawals. Traders only have to be verified before withdrawing or depositing money into their accounts.
The broker accepts debit and credit cards for withdrawal and deposit, including Visa, MasterCard, and Maestro for all countries, as well as UCB for European clients and AstroPay for all countries except Europe and Australia.
Traders can also finance and withdraw money using online platforms such as Sofort, Giropay, and Local Bank Transfer.
Some of the eWallet platforms that clients can use to deposit and withdraw include Neteller, Skrill, Fasapay, and Sticpay.
Does easyMarkets Offer Customer Support?
easyMarkets is always at hand to respond to any queries that clients and prospective traders might have in the effort of trading CFDs. The customer support team can be reached on various channels, including email, phone, and web.
The Chat channels include Facebook messenger, Viper WhatsApp, and Live web chat. The support desk operates 24 hours, five days a week.
Why trade with easyMarkets?
What are the Drawbacks of EasyMarkets?
easyMarkets is a reputable and legitimate forex/CFD broker with a track record in facilitating online trading backed by over 200 CFDs. The broker is supported by innovative web and mobile platforms and unique features designed to enhance the trading experience in the capital markets. In addition, easyMarkets accords traders access to daily analysis reports and market research reports for making informed trading decisions. EasyMarkets has won multiple industry awards affirming its reputation and credibility as a forex/CFD broker.