easyMarkets Review 2018
Initially established in 2001 as “easy-forex”, easyMarkets is a leading online forex and CFDs broker. With their offices in major cities around the world, easyMarkets is able to provide their clients with unimpeded access to the international financial markets. In terms of product and services, easyMarkets offers a wide selection of instruments for traders to trade with. These include the spot forex market, CFDs, and options. With regards to the legal protection offered by easyMarkets, the broker is well regulated in several jurisdictions such as Europe and Australia. This is the key reason why easyMarkets has remained a trusted brand in the online trading industry since its inception in 2001.
easyMarkets Video Review
easyMarkets is committed to providing their clients with transparency as to the way they operate. As such, the broker has voluntarily submitted itself to be regulated by several leading regulatory agencies around the world. In Europe, easyMarkets is authorized by the Cyprus Securities & Exchange Commission (CySEC) under the CIF license number #079/07. As a regulated broker under CySEC, this means easyMarkets is also a MiFID compliant broker. For its operation in Australia, easyMarkets comes under the regulatory oversight of the Australian Securities & Investments Commission (ASIC) with the AFS license No. 246566.
In terms of reliability, easyMarkets has earned a reputation as being one of the leading brands in the industry. The broker has also sought to maintain satellite offices in major financial centers such as Shanghai, Warsaw, and Sydney to enable it to provide better support to its clients. In addition, easyMarkets has also gone to great lengths to ensure all its clients are well equipped in terms of trading knowledge and trading tools.
easyMarkets Trading Platforms
There are two main types of trading platforms available at easyMarkets, a web-based platform, and the popular MetaTrader 4 (MT4) platform. Each of these platforms caters to different categories of traders. For example, beginner traders would prefer the easyMarkets WebTrader as they can access the trading platform with any web browser. No complicated installation of trading software is required.
Experienced traders, on the other hand, might prefer the robust and reliable MT4 platform due to the numerous trading tools that come integrated with the platform. Most importantly the MT4 support automated trading with the use of Expert Advisors (EAs).
For potential clients who are unsure of which platform to use, they can try out the obligation free trade simulator which easyMarkets has provided. The simulator allows traders to experience trading under live market conditions, with no risk at all. In addition, experienced traders can also use the same simulator to test out and tweak their trading strategies.
easyMarkets Mobile Trading
For traders who are constantly on the move, they can also access the financial market wherever they are, whenever they want to, by downloading and installing the easyMarkets mobile trading apps for iOS or Android powered devices. The mobile trading apps have the same powerful features as the easyMarkets Webtrader. For example, apart from being able to check on your trading account status and trade the markets from your smartphone, the mobile app is also equipped with the new revolutionary “deal cancellation” feature. With this feature, a trader can cancel any losing deals within 60 minutes and recover all your losses.
easyMarkets Trade Types/Instruments
At easyMarkets, traders can trade with a wide variety of asset classes. Coverage of the markets included CFDs, Commodities, Cryptocurrencies, Forex, Metals, Indices and Options. Altogether, there are more than 300 different markets to trade in. For currencies, you can trade not only in the spot market but also with forwarding forex contracts and forex options.
easyMarkets Account Types
There are 2 types of trading accounts available at easyMarkets, a standard trading account, and a VIP account. Features of these 2 types of trading accounts are as follows:
- Minimum deposit of $100
- Competitive spreads
- 50% bonus
- Personal Account Manager
- Free basic trading education
- Platform tour
- Technical reports access
- Briefing on how to utilize all the main trading tools
- Minimum deposit of $10,000
- Ultra Tight spreads
- Custom bonus
- All benefits of the standard account
- Higher leverage
- Free signals
- SMS alerts
- Personal Analyst
- Express withdrawals
- 24 hours live support
easyMarkets Commissions & Spreads
As with all brokers, the applicable spread depends on the type of asset being traded. Nevertheless, with easyMarkets, traders can expect very competitive spreads on all the assets which they wish to trade with. The following table below shows some of the typical spreads that you can expect from this broker.
Spreads (in pips)
easyMarkets Deposits & Withdrawals Options
In terms of funding options, easyMarkets has provided support for a wide selection of payment methods. These methods consist of the following:
- American Express
- China Union Pay
- International Deposit
- Local Deposit
Traders can also withdraw their money for easyMarkets using the same methods that they used for funding their trading accounts. easyMarket does not impose a minimum withdrawal amount except for withdrawals to a bank account. For withdrawals to a bank account, the minimum amount which can be withdrawn is $50. As for the time required to process a withdrawal, the typical time is just one business day. Nevertheless, it should be noted that it may take as long as 3 days to 10 days for the money to be posted to the trader’s bank account.
easyMarkets Bonus & Promotions
As for trading bonuses, easyMarkets offer a 50% bonus for traders who are making their first deposit. The maximum amount of bonus which can be claimed is however limited to $2000. In addition to the trading bonus for first-time depositors, easyMarkets also offer a special promotional program called “Share and earn”. With this program, you can get to earn a referral fee each time you make a successful introduction to easyMarkets.
easyMarkets Customer Support
To cater to their diverse clientele base, easyMarkets’ website is also available in Chinese, Polish and Arabic. The support that is provided by the support team is on a 24/5 basis throughout the entire trading week. To communicate with the customer support team, several channels of communication are available. For example, you can contact customer support through live chat, email, fax or phone.
- Choices of trading platform
- Established since 2001
- Innovative deal cancellation trading tool
- Regulated Broker
- A wide range of instruments
- Trade simulator only available for 8 days
- Limited choices of trading account types
Is easyMarkets regulated?
Yes, easyMarkets is regulated by the Cyprus securities exchange commission and the Australian Securities and Investments Commission.
Where is easyMarkets based?
easyMarkets has several offices around to manage its global operations. However, the corporate headquarter of the broker is located at Ajeltake Road, Trust Company Complex, MH 96960, Ajeltake Island, Majuro, Marshall Islands.
How does easyMarkets make money?
easyMarkets makes its money by charging its traders’ small spreads on the trades that they made.
How to deposit in easyMarkets account?
Funding of trading accounts at easyMarkets can be done through major credit cards, eWallets, and bank wire transfer.
How to withdraw money from easyMarkets?
Withdrawals at easyMarkets can be initiated through a credit card, eWallet or bank wire transfer.
How to open an account with easyMarkets?
To open an account at easyMarkets, you need to fill up the registration form and submit it with all the necessary documentation.
Is easyMarkets reliable?
Yes, easyMarket is reliable. This can be seen from the fact that the broker has been around since 2001.
Does easyMarkets use MetaTrader?
Yes. Apart from a WebTrader, easyMarkets has also provided their traders with the MetaTrader 4 platform.
What is easyMarkets’s leverage?
The maximum leverage offered by easyMarkets is 1:400.
Is easyMarkets a scam?
No. easyMarkets is not a scam. The broker is a well established and regulated broker since 2011.
How safe is easyMarkets?
easyMarkets is a safe broker as it is regulated by 2 different regulatory agencies.
From our observations, it is easy to see why easyMarkets is a trusted brand among traders in the online forex community. Well regulated and with dedicated customer support, easyMarkets has put tremendous effort into ensuring that their clients will have a fulfilling trading experience when trading the financial markets through the easyMarkets’ platforms.
|Regulated by||ASIC, CySEC|
|Number Of Employees||100|
Trading Account Options
easyMarkets Trading Features
|24 Hours Support||Yes|
|Support During Weekends||No|
Customer Support Languages
|Supported Trading Platforms||MT4|
|Guaranteed Stop Loss||Yes|
|Guaranteed Limit Orders||Yes|
|Has VPS Services||Yes|
- 1.0Win or lose but no withdrawalPandian
- 1.0Cysec should take serious action against this brokerJasmine
- 1.0Very aggressive customer supportKelan
- 1.0avoid this funny brokerAmelia
- 1.0I have faced many scam brokers in my 8 years experience but not like this one, illegally legalized scam? Screw you easymarketsMelis