Investor Protection & Regulations
“Investor protection on easyMarkets comes in the form of regulation and adherence to digital security measures. easyMarkets is regulated by CySEC and ASIC. The broker says it is in full compliance with regulatory laws which includes account segregation, digital security and KYC.”
easyMarkets is regulated by the Cyprus Securities and Exchange Commission (CySEC). The license number is 079/07. Click here for details.
The brand is also regulated in Australia by the Australian Securities and Investment Commission (ASIC) with the AFSL No. 246566.
In compliance with the regulatory provisions, easyMarket asserts that clients’ funds are kept in segregated bank accounts with top-tier, low credit risk banks. The broker also maintains sufficient funds to cover all deposits and expenses.
easyMarkets state that it regularly identifies, assesses and controls every risk associated with its operations. The broker has implemented a Secured Socket Layer (SSL) which protects its website and platforms against cyber attacks by encrypting all transmitted data.
All clients are properly identified using “Know your customer” (KYC) guidelines. This is to curb money laundering and cyber crimes.
“easyMarkets offer 62 currencies pairs, 21 metals, 15 indices, 12 commodities, 7 stock shares, 28 options and 3 cryptocurrencies.”
The following are the assets that can be traded on the easyMarkets platforms:
||Number of Instruments
“The Standard, Premium, VIP and SuperVIP accounts are the account types available to clients of easyMarkets. Their minimum opening deposits are $100, $1 000, $2 500, $50 000 respectively. A demo account is also available for practice purposes”.
easyMarkets offer various account types based on trading capital, spreads, trading platform and other services rendered. For every account, the maximum leverage is 1:400 (international and Australia) and 1:30 (for EU clients). Only fixed spreads are offered. Personal account managers are assigned to all account holders. Daily emails on fundamental and technical analysis are also provided. easyMarkets supports the use of 18 account currencies.
The following account types are provided:
Standard account: The minimum account opening balance is $100. The fixed spread for the EURUSD is 3 pips.
Premium account: The opening balance is $1,000 and the benchmark EURUSD spread is 2.5 pips. The minimum transaction size is 0.5 lot on the web and mobile app platforms but 0.05 lot on the MT4 platform.
VIP account: $2,500 is the least amount required to open this account type. The EURUSD spread is 1.8 pips.
Super VIP account: The opening deposit amount is $50,000. The benchmark EURUSD spread is as low as 1.2 pips. The minimum transaction volume is negotiable.
A demo account is available for all traders. easyMarkets recommends it for new traders who are just starting out. It is also useful for testing of strategies and general platform testing. The demo account comes preloaded with $10,000 of virtual funds.
Locate the“Start Here” button found on the top right hand side of the website and click on it to open a new account. Fill the resulting form that displays.
Alternatively, a new account can be created by connecting your existing Google or Facebook accounts if you already have one. Once the form is submitted, the new account is created and you are logged onto the easyMarkets online trading platform. You can then complete your profile, upload documents and make a deposit after which trading can commence.
If you would like to trade with the MT4, the link to download the easyMarkets MT4 trading platform is on the website. Download and install the platform on a windows computer. Mobile versions are also available.
Select the appropriate server for the Real or Demo accounts.
Create a new demo or real account by selecting the correct option and click next.
Fill out the form, agree to subscribe to newsletter and then, click next.
The new account is created and you are logged into the MT4 trading platform.
EasyMarkets does not provide its services to residents of USA, Israel, Iran, Syria, Afghanistan, North Korea, Somalia, Yemen, Iraq, Sudan, South Sudan, British Columbia, Ontario, Manitoba, Equatorial Guinea, Guinea Bissau, Turkmenistan, Venezuela, Angola, Libya, Republic of Congo (Brazzavile), Democratic Republic of Congo, Chad, Haiti, Quebec, Cambodia and Burundi.
Deposit & Withdrawal Options
“easyMarkets accepts online banking solutions like SOFORT, Giropay and Bpay. eWallets like Skrill, Neteller, iDEAL, WebMone and Fasapay are also used for payments. Bank Transfers can also be used for deposits and withdrawals.”
easyMarkets does not charge deposit or withdrawal fees. In line with the regulatory requirements, account holders are verified before withdrawal requests are approved. A ‘proof of address’ as well as a ‘proof of identity’ document are all that is required. If a credit card is to be used, easyMarkets may require further documentation. All withdrawals are sent to the original deposit method used.
The following payment options are accepted:
The cards accepted are Mastercard, Maestro, JCB and AstroPay. Card payments are instantly processed.
SOFORT is accepted for some European countries. The transactions are processed within two hours.
Giropay is accepted for clients from Germany. Deposits are completed within 2 hours.
iDEAL is an online banking payment system used in the Netherlands. iDEAL payments are instantly processed.
WebMoney deposits are processed within 24 hours. It is accepted from clients from all regions except Asia pacific and Europe.
Bpay is accepted for clients from Asia Pacific only. The deposits are processed within 24 hours.
Skrill and Neteller are accepted means of payment. The transactions are instant.
Fasapay is accepted from Indonesian clients. It takes one working day to completely process the transactions.
- Bank Transfer: This takes 3-10 business days depending on the bank. The minimum withdrawal amount is $50.
Payments are promptly processed via easyMarkets innovative online platform. All transferred funds are properly documented and clients can view their account history. There are no reports of missing funds.
Web & Desktop Trading Platforms
“The available platforms are the MT4 and the easyMarkets web platform.”
The easyMarkets Web platform is a powerful trading platform designed for all levels of traders. It is simple enough for new traders and also very suitable for experienced traders. With this platform, traders can access all listed assets for trading without the need to download any software.
Here are some of the features of the easyMarkets web platform:
- Account Management: Easily deposit and withdraw from the platform. KYC documents submission, account statement and history are available on the platform.
- No download is required. The platform runs on all operating systems.
- The platform is loaded with 81 technical indicators and other analytical tools. There are also several drawing tools for analysis.
- News Headline and Financial Calendar: These are important tools for fundamental analysis streamed live on the platform.
- Order types: There are 4 ways to trade; easyTrade, Day Trading, Forward Deals and Pending order. With easyTrade, just set the trade time duration and decide to go up or down. For day trading and forward trading, a price can be frozen so that a trade can be placed at that price. Also, a losing trade can be cancelled. Pending order gives more flexibility as the trader can set the rates and time to enter a trade.
This is a well-known platform among forex traders. It is well accepted because of its capabilities. easyMarkets provides the windows desktop downloadable version of MT4. Here are some of its features:
- MetaTrader Market: Traders can buy MT4 compatible apps to enhance their trading experience right from the platform. There are thousands of MT4 apps such as indicators, expert advisors (EAs), signals, enhancement apps, etc.
- News and analysis: easyMarkets provides complete news and analysis delivered on the MT4 platform as it breaks.
- Technical analysis tools: The MT4 is loaded with charts, 30 inbuilt technical indicators and 24 drawing tools. There are 9 timeframes from one minute to one month.
- Orders: one-click trading is available. Orders can be placed from charts. There are 4 types of pending orders: buy limit, sell limit, buy stop and sell stop.
- Real time monitoring: The MT4 shows live quotes of all the tradable assets. During a trade, the account balance, profit or loss is shown in real time.
Mobile Trading Platforms
“The easyMarkets app and the MT4 mobile app are the mobile platforms provided by easyMarkets.”
The easyMarkets app is the proprietary easyMarkets web platform developed for mobile devices. It is designed for the iOS and android devices and the apps are downloadable from their app stores. The app has a simple and colourful interface and has most of the features available in the web version.
The MT4 trading platform also has mobile apps developed for the android and the iOS mobile devices. The apps can be downloaded from their respective stores. The app is easy to use, intuitive and loaded with tools for effective trading and analysis.
Here are some of the features of the mobile apps:
- The apps show live quotes of the assets on the go.
- Both the easyMarkets and MT4 apps support full charting and technical analysis.
- Integrates with the user accounts on the desktop or web platforms.
- The apps can be used to place, monitor, adjust and close a trade. This includes pending orders.
- easyMarkets app features the financial calendar, trading tools and account funding and withdrawal options
“dealCancellation, easyTrade and Freeze rate are the unique features on the easyMarkets platform.”
easyTrade: This is an innovative tool that enables the trader to set his risk limit, duration of trade and potential payout amount. It maximizes risks, leverage and profits. The trade is activated using the up or down buttons.
dealCancellation: This is a unique feature provided on the easyMarket online trading platform. This tool allows a losing trade to be cancelled within one hour. When cancelled, the amount risked is returned to the trading account. This feature is available for a fee.
Freeze Rate: This is a tool that freezes the price on the screen for a few seconds to enable a trader to enter a trade at the frozen price. This is beneficial for volatile markets as a few seconds can mean a lot.
Commissions & Spreads
“easyMarkets only offer fixed spreads on all account types. The standard account has the highest spreads while the ‘Super VIP account’ offer the tightest spreads.”
The table below shows some of the trading instruments and the spreads for the VIP account.
*This list is taken from the easymarkets.com website and is correct at time of writing
Bonus & Promotions
“The ‘first deposit’ bonus and ‘refer a friend’ bonuses are designed to reward traders”.
easyMarkets states that it offers promos and bonuses to express gratitude to traders for their patronage. These bonuses are not awarded to EU clients, in compliance with CySEC’s regulatory demands.
First deposit bonus:
New clients are rewarded with up to 50% on their first deposits. The minimum deposit is $100 and the minimum credit bonus is $30. For first deposits from $200 to $1000, a bonus of 50% is given. A maximum bonus of $2,000 can be received from the promo.
Refer a friend bonus:
Any client can earn up to $750 when he refers other people to easyMarkets brokerage via social media or email. The referred client must create a real account from the referrer’s link and fund it with at least $100. This promo is not applicable to residents of Pakistan.
“easyMarkets customer support team can be reached on various chat channels, email, phone and web forms. The client support desk operates on a 24/5 basis and speaks different languages.”
The following support channels are available:
- Chat: The following chat channels are available: facebook messenger, viber, WhatsApp and live web chat.
- Send us a message form: This form is available on the website. Fill in your name email and message and a support staff will respond to the request by email.
- Email: email@example.com, firstname.lastname@example.org
- Phone Number: +181 930 710 00, +357 25 828 899 and 10 other phone numbers from different countries.
- Request a call back form: The enquirer fill in his phone number, email, name and preferred contact time. A support representative gets back to the enquirer either by email or phone as indicated in the form.
- Social Media: The following social media channels are available:
The online chat attendants are very active. They responded to a chat that was initiated within 20 seconds. They are knowledgeable and willing to assist. Emails are typically replied within a few hours.
“easyMarkets provides a financial calendar, market news and blog that gives daily info on technical analysis, strategies and weekly market outlook.”
News: easyMarkets provides the market news on its platforms and website. This is important to the traders as it is used for fundamental analysis.
Financial Calendar: This is a calendar that shows the time and date of important financial activities all over the world. Clicking on the activities shows its history, volatility ratio and charts. This is used by traders for fundamental analysis and news trading.
Forex Blog: There is a blog operated by easyMarkets, and this is located at www.forex.info. The blog centers on technical analysis, weekly market outlook and educational articles.
“The easyMarkets ‘learn centre’ has video lessons, eBooks and articles to help improve the knowledge of traders. FAQs and glossaries are also available.”
The easyMarket website has the ‘Learn Centre’ which is designed to assist all traders with the right trading knowledge, information and trading strategies. There are training videos, articles and eBooks.
‘Get started’ section has 4 videos dealing with forex basics like pips, leverage and currency pairs. The videos are precise, loud and clear, full on animations and professionally presented.
‘Discover series’ is a section that focuses on popular assets describing their concepts, terminologies and history. It comprises of 6 short videos.
‘eBooks’ are a collection of 10 downloadable eBooks. The books dwell on technical analysis, trading psychology, MT4, etc. The books are free to all registered clients.
The ‘knowledge base’ consists of easyMarkets tutorials which centers on the trading platforms and analysis.
‘FAQs’ provide detailed explanations on options, indicators, CFDs, etc.
Glossaries of economic indicators and trading terms are also available on the website.
“easyMarkets brokerage services, account types and trading platforms are designed for all trader levels and trading styles.”
easyMarkets is a well established broker that has a long track record. The broker’s proprietary platform and mobile app are intuitive, sophisticated and designed for all types of traders.
New traders are encouraged to practice with demo accounts, study from the learn centre and read the training articles on the blog. The various account types are created for traders at different levels. New traders can start with the Standard account while professionals who have access to larger capital will be able to access the VIP accounts. The tools needed for technical and fundamental analysis for traders at all levels are provided.
Experienced traders who develop and use expert advisors or other trading tools developed for the MT4 are also welcome. easyMarkets is a broker for all traders at all levels. The broker supports all trading styles and strategies.
Here are some of the “Frequently Asked Questions” about easyMarkets:
Where is easyMarkets based?
easyMarkets brokerage has its headquarters in Cyprus (which attends to EU and UK traders), with offices in Marshall Islands (for international traders) and Australia.
How does easyMarkets make money?
easyMarkets makes money by the fixed spreads charged on all trades on its platforms.
How do I deposit in easyMarkets account?
The payment options accepted are: Bank transfers, skrill, Neteller and Fasapay, SOFORT, giropay, iDEAL, webMoney and Bpay, Mastercard, Maestro, JCB and Astropay.
What is the min. deposit for easyMarkets?
The minimum deposit is $100 for the Standard account.
What is the maximum leverage in easyMarkets?
The maximum leverage is 1:400 for all account types (international traders) and 1:30 for EU/UK traders.
How do I open an account with easyMarkets?
Click on the ‘start here’ button located at the top right hand side of every webpage on the website.
Does easyMarkets use MetaTrader?
Yes, the MT4 trading platform is available.
easyMarkets which has a long, history as a broker and a rich track record, has innovative web and mobile platforms with unique features are designed to assist the trader have a great user experience. The broker provides daily analysis reports, market research and also has a trader education suite that traders will find very useful. It is no surprise that easyMarkets has won multiple industry awards for its performance.
Here are the Pros and Cons of using the easyMarkets platform.
- Fixed spreads, no slippage and no commissions.
- Up to 50% first deposit bonus to welcome new traders.
- Innovative trading platform with innovative features.
- Higher spreads than some other brokers.
- No services to clients from USA and over 20 other countries.
- No cent account, VPS and forex calculators.