Have you searched EasyMarkets review to verify the true value of this trading platform?
Do you really want to understand if EasyMarkets is trustworthy or is it a scam?
Do you want to find out everything you can do with EasyMarkets, expert opinion and trader reviews?
In this EasyMarkets UK review, you will find all the information you need to dispel any doubts, including our feedback on EasyMarkets, both on a practical and technical level, after years of experience with this platform.
In order to be able to effectively follow this review, we suggest you open a free demo account and try the EasyMarkets platforms directly.
EasyMarkets Review: Security
Our EasyMarkets review begins in an area that’s crucial for all traders. That is safety. This broker has been in the industry for nearly 20 years and enjoys a solid reputation. However, let’s take a closer look at what it offers in terms of security.
Foundation and Offices
EasyMarkets is a European broker active in the sector since 2001. It has since grown a lot in terms of reputation and experience. The broker has two physical locations:
PO Box 53742,
Suite 703, 65 York Street,
Sydney NSW 2000.
These operational offices represent the main areas of focus for the broker offering its services throughout Europe and Australia, as well as in other regions.
As far as regulations are concerned, EasyMarkets features regulatory oversight from two of the most prominent and respected authorities in the industry. These are CySEC regulating the easy Forex Trading LTD entity with license # 079/07 , and ASIC regulating the Easymarkets PTY LTD entity with license # 246566.
EasyMarkets is also authorized by Consob (7077557).
Global and International Clients can register with EasyMarkets thanks to FSA regulation licensed # SD056 which oversees the broker’s EF Worldwide Ltd entity. EasyMarkets has also added a fourth regulation by the BVI under license # SIBA / L / 20/1135 which oversees the entity EF Worldwide Ltd.
The very high level of regulation isn’t the only security measure with which EasyMarkets protects its traders. You can also benefit from negative balance protection, whereby you can’t lose more money than you deposit into your account.
In addition, the broker uses separate bank accounts to keep your funds safe even in the event of bankruptcy or insolvency. Finally, if you’re a trader based in the European Union , you’re entitled to the ICF fund , which provides additional coverage of up to € 20,000 in the event of large-scale financial problems.
Active in the sector for many years, EasyMarkets has collected 37 international awards in total . Several recently included, such as Best Forex Broker 2019 at the Forex Expo Dubai, Most Innovative Broker 2018 at the world Finance Markets Awards, and Best APAC Region Broker 2018 at the ADVFN International Financial Awards. Demonstration of how the broker is still considered one of the best globally.
Security: Pros and Cons
Here are the security aspects in which EasyMarkets gives its best and those it could improve.
- Well regulated by ESMA and ASIC.
- The broker offers several additional security measures to protect your money.
With only two offices, its physical presence is small for a top-tier broker.
EasyMarkets Review: Costs and Accounts
The time has come in our EasyMarkets review to talk about the different account types offered by the broker. But not only. We also see the trading costs you can run into when trading with EasyMarkets.
Find different types of EasyMarkets accounts to choose from. Here is all the information about it.
The demo account is the best place to start with any broker. Here you’ve got full freedom to trade with virtual funds and, therefore, no risk, but with the same features as a live account. It’s ideal for practicing as a trader and there’s no requirement to deposit real money.
The EasyMarkets demo account is unlimited and very easy to open. All you need is a verified email address and a password. After that you can start using it.
EasyMarkets Standard Account
The EasyMarkets Standard Account is very popular with traders. You can open it with a minimum deposit of just $ 200 and it offers an always competitive forex spread. The spread starts at just 1 pip.
With this account you’ll not have any slippage problems thanks to fast execution and all trading operations are performed through the very convenient webtrader.
MT4 EasyMarkets account
The EasyMarkets MT4 account is another very popular choice. Especially for traders interested in the MT4 desktop platform through which trading takes place with this account, without a webtrader.
Even for this account, the minimum deposit is only $ 200, so it’s easy to get started. Although rare, you can run into slippage with this account. It also doesn’t guarantee traders to stop losses. That said, the trading costs and spreads are very competitive and make it an excellent option.
EasyMarkets VIP account
The EasyMarkets VIP account offers many unique benefits including a tight spread on forex trading. Indeed, the spread with this account starts at 0.9 pips with guaranteed free stop loss. The minimum deposit required is quite low and affordable. Also, with the VIP account you’ll upgrade your account from an MT4 account whenever you want.
EasyMarkets Islamic Account
You will be happy to know that there’s an Islamic account with EasyMarkets. These accounts are swap free and therefore fully Shariah compliant. EasyMarkets doesn’t charge any additional fees to this account, except for an extra cost that replaces the swap in case of open positions for more than 14 days.
EasyMarkets Professional Account
The last type of EasyMarkets account is the professional one. It’s only available to traders in the UK and the European Union and has two of the following requirements:
- Have an average of 10 significant size transactions per quarter over the past year.
- Maintain a portfolio of financial instruments greater than € 500,000 (in your bank or trading account).
- Have relevant experience in the financial services industry.
If you meet these requirements, you can access other benefits including leverage of up to 400: 1 on forex, no slippage, free stop loss, entitlement to your personal analysts and account managers. Plus, you always have negative balance protection.
Account Base Currency
EasyMarkets offers a huge list of 18 base currencies to choose from. These include the most common currencies like EUR (euro), GBP (British pound), USD (US dollar), AUD (Australian dollar), CAD (Canadian dollar), CHF (Swiss franc), SGD (Singapore dollar), JPY (Japanese yen) and ZAR (South African rand). But also a number of less common base currencies such as MXN (Mexican peso), TRY (Turkish lira), CZK (Czech koruna), NZD (New Zealand dollar), CNY (Chinese yuan), HKD (Hong Kong dollar), NOK ( Norwegian krone), SEK (Swedish krona) and PLN (Polish zloty).
This is a huge choice that will help you avoid any exchange fees in case your deposits and withdrawals are during a different currency than the base one.
Let’s see how deposits with EasyMarkets work in terms of minimum deposit, available methods and costs.
The minimum deposit to open any EasyMarkets account is $ 200. Including VIP account which grants more benefits than standard and MT4 accounts.
One of EasyMarkets’ strengths is its huge selection of deposit methods. While some may not be available in certain geographic areas, you can deposit via: bank transfer; Visa, MasterCard, Maestro, JCB, AMEX, and AstroPay credit / debit card; online banking Sofort, Giropay, iDeal, Malaysian local bank transfer, Webmoney, and BPay. Additionally, deposits via Neteller, Skrill, and Fasapay eWallets are also accepted.
If you’re a resident of China, you can use both Webmoney and WeChat Pay to transfer funds to your account. Typically, this procedure takes around 24 hours for most methods, but it may vary in some cases.
Usually, deposits with EasyMarkets are free. The only exceptions are any currency exchange fees if the deposit isn’t made in a supported base currency. Or if your bank charges a bank transfer fee.
Here is an overview of the withdrawal methods and costs with EasyMarkets.
This broker usually offers the same withdrawal methods that are available for deposits. That is, wire transfer, credit / debit cards, a huge selection of online payments, and eWallets. Withdrawals with EasyMarkets usually take approximately 2 business days.
Generally, EasyMarkets withdrawals are free.
Spreads and Commissions
EasyMarkets is one among the few brokers to offer fixed spreads. Which is great if you want to get a clear idea of how much it’ll cost you to trade. The fixed spread with the standard account starts at 1 pip, while the one with the MT4 account starts at 0.9 pips. If you apply for a VIP account you can lower it much more.
Here are some minimum spreads on the assets most traded with the broker:
- EUR / USD – 1 pip
- SPX500 – 0.5 pips
- Gold – 75 pips
- BTC / USD – $ 35
Another very useful feature of EasyMarkets is the Freeze Rate. It serves to block the price of an asset at a certain point so as to open a more advantageous position. for example, in an unstable market, if the price suddenly collapses, you can use this function to freeze the price so you can buy before it rises.
Here are a couple of other costs you may encounter when trading with EasyMarkets.
The overnight fee is common among brokers in the industry and is charged on virtually every asset by EasyMarkets, as it may be a CFD provider. this is the cost charged at the close of the market when you hold a position open overnight. The cost varies by market, but you can find out the exact amount on your trading platform.
Costs for Inactivity
EasyMarkets doesn’t charge any inactivity costs. This is a good advantage, since this cost is applied by many brokers in the industry.
Costs and Accounts: Pros and Cons
Here are some of the benefits and drawbacks related to costs and account types with EasyMarkets.
- Unlimited demo account, perfect for new traders.
- Extremely accessible VIP account thanks to the low minimum deposit.
- EasyMarkets offers a huge selection of base currencies to help you avoid exchange fees.
- Wide range of deposit and withdrawal methods.
- No cost for inactivity. Perfect for casual traders.
- The broker only offers fixed spreads, which may not be ideal for everyone.
EasyMarkets Review: Trading
Now that you know the broker better and have probably opened your account, let’s have a look at what the trading experience with EasyMarkets is like. Below you’ll find all the trading features and assets available.
EasyMarkets has several trading features. let’s see them in detail.
When it comes to executions, EasyMarkets is a market maker broker . This implies that it acts as a counterparty in your operations and creates its own internal market. This may not be ideal for those who prefer to have direct access to the market, despite allowing the broker to manage prices in order to be more consistent and be able to offer benefits such as the free rate.
The minimum trading size with EasyMarkets is 1 micro lot . This is the equivalent of 0.01 standard lots or a monetary value of $ 1,000, which can go down if you use leverage.
EasyMarkets is quite open and flexible when it comes to trading techniques. Both scalping and hedging are allowed and available. The same goes for algorithmic trading via the EA functionality of the MT4 and MT5 trading platforms. you can also use your own VPS even if the broker doesn’t provide one of their own.
In terms of risk management, EasyMarkets offers the tools available through the trading platforms. This means that you have access to stop losses , trailing stops and take profits to manage your active positions. you’ll also use limit order to manage your incoming positions. If you use leverage, the broker also provides the use of the call to prevent your capital from falling below a particular level.
The trading hours available with EasyMarkets depend on the traded assets. The forex and commodity markets are open 24 hours each day from Monday to Friday. You can trade cryptocurrencies 24/7, while for indices, stocks and other assets it depends on the local time.
Leverage is available with EasyMarkets. It depends on your geographic location and therefore the assets traded. If you’re registered with Easy Forex Trading LTD in the European Union or the United Kingdom the leverage is 30: 1 for retail traders only. If you qualify as a professional trader, you have access to a leverage of 200: 1 via webtrader, or up to 400: 1 with MT4.
If you are registered with Easymarkets PTY LTD , you have access to leverage up to 400: 1 .
Platforms and Mobile
Let’s find out what trading tools and platforms EasyMarkets offers.
Analysis and Trading Tools
The trading experience with EasyMarkets is highly customizable thanks to the wide selection of analysis tools and indicators available through the trading platforms. You have access to a total of 51 indicators and 31 charting tools to form your experience as detailed as possible. You can also find the order in one click from the chart and the price notifications.
EasyMarkets MT4 Desktop Platform
One of the most respected and widely used trading platforms in the industry, MT4 desktop is an easy-to-use and highly customizable third-party platform that has been around for several years. It allows algorithmic trading with EA functionality and is compatible with almost any device.
Through this platform, EasyMarkets offers more than 80 CFD markets, all available with fixed spreads.
EasyMarkets Web Platform
The EasyMarkets web platform is available with some types of accounts and is extremely intuitive and easy to use. This platform features a number of additional features such as a market sentiment indicator , the Freeze Rate feature, and the dealCancellation option to get some losses refunded depending on the situation. Of course, the webtrader platform can be used via browser on almost any device.
Vanilla Options Trading Platform
Another trading platform available with this broker is the proprietary one for vanilla options. this enables options trading through a very intuitive webtrader platform . If you’re fascinated by vanilla options trading, you can also access this platform directly from the EasyMarkets web platform.
The EasyMarkets app allows you to trade on the go. This app is available on iOS or Android devices and is very easy to use, with a good selection of tools and indicators. You’ve got access to several features including dealCancellation , a financial calendar, push notifications, and a market sentiment indicator. Overall, it makes mobile trading a very easy experience.
EasyMarkets is a CFD broker, therefore every asset listed on the platform is offered in CFDs. Here is a detailed overview of the markets and assets available.
The broker offers over 100 currency pairs to trade. The spread usually starts at 0.9 pips, but depends on the account type chosen.
With EasyMarkets, there are 1 7 commodities in total to trade as CFDs. Among these you’ll find the 5 metals gold, silver, copper, palladium and platinum, and 5 energies such as oil, natural gas and fuel oil. Additionally , 7 agricultural products are also available including coffee, wheat and cotton. Both gold and silver can be traded against more than 8 currencies.
Find numerous indices from around the world to trade as CFDs. These include indices from the european Union , the UK , the US , Australia and Asia .
EasyMarkets offers more than 40 major stocks from markets around the world, such as the european Union, the US, Hong Kong, Japan, and Australia. With stock trading you get free access to prevent losses, fixed commissions, and no slippage. Plus you’ve got the advantage of having the ability to earn dividends on shares traded with EasyMarkets in case they pay a dividend.
There are three cryptocurrencies available, which are also tradable as CFDs. That is, Bitcoin , Ethereum , and Ripple , all traded against the US dollar. you can buy as little as 0.25 BTC, 1 ETH, or 1,000 XRP.
Forex Vanilla Options
With EasyMarkets you also find vanilla options and options on forex, commodities, stocks, indices, and cryptocurrencies.
Forward contracts on Forex
With EasyMarkets you also have access to forex forward contracts, or forex futures. These are contracts to buy a certain currency at a predefined price and by a predefined date, although this is regularly traded before that date. This broker offers a total of 35 forex futures .
Let’s see the other products and features you can find with EasyMarkets.
EasyMarkets dealCancellation functionality
As the name suggests, this feature allows you to close a losing position and get a refund for a small fee.
EasyMarkets Freeze Rate
With this feature you can freeze the price of an asset for a few seconds to be able to buy it at that price. it’s ideal when you trade unstable markets and find a low position that could go up.
Social Trading – Copy Trading
At present, EasyMarkets doesn’t offer copy or social trading services. However, you can access other forms of copy trading with EAs and trading robots via the MT4 platform.
Trading: Pros and Cons
Here are some of the pros and cons of the trading experience with EasyMarkets.
- Guaranteed stop loss. Ideal for low risk trading.
- EasyMarkets dealCancellation functionality is unique and allows you to make up for some mistakes in exchange for a small fee.
- Another unique feature is the Freeze Rate to take advantage of the best prices.
- Wide range of markets, including options and futures.
- It doesn’t offer nano lots. the littlest are the micro lots.
- Despite admitting the use of VPS, the broker doesn’t offer any of its own.
- The number of available assets is limited for a major broker.
- It doesn’t offer copy or social trading services.
EasyMarkets Review: Training and Support
The last area to focus on in our EasyMarkets review concerns two aspects that are as important to your experience with the broker as it is to your future as a trader.
The broker’s website is translated into 7 languages . That is, English, Chinese, Polish, Arabic, Spanish, German and Japanese. this is a good hedge for traders from all over the world.
In terms of research, EasyMarkets offers a few tools. You can use a detailed and updated economic calendar with the latest market news, and live exchange rates . The broker also integrates TradingView’s analysis tools to ensure access to as much information as possible.
EasyMarkets client support is professional, quick to reply and available in several languages. you’ll contact him on the web site via live chat , email , or phone . The website also hosts an in depth FAQ section with answers to frequently asked questions.
EasyMarkets has a good training section. Contains a variety of free PDFs on a wide range of topics. For instance on many sorts of trading, such as CFDs, options, and futures. If you’re a new trader, you’ll find the basic terminology, risk management material , and guide and glossary of the MT4 trading platform very useful . For the experienced traders, on the other hand, there’s plenty of information on technical analysis and on the entry and exit points of the market.
Training and assistance: pros and cons
Here are some of the strengths and weaknesses in EasyMarkets training and customer support.
The broker offers an extensive training section with material for traders of all levels.
The research section, while good, is still limited for a large broker.
Our Opinion on EasyMarkets
Coming to the end of our EasyMarkets review, it’s clear that this is a really good broker. He has tremendous industry experience and an excellent level of regulation from leading authorities. Despite having only two physical locations, it serves traders around the world. In addition, the excellent training material makes it ideal for inexperienced traders.
However, it’s also a good choice for experienced traders thanks to its VIP account featuring excellent benefits for an inexpensive minimum deposit. The broker also offers competitive trading costs . Which, along with 15 base currencies and numerous deposit methods , makes it very accessible. While the asset selection is not the most extensive, the number of additional proprietary trading features make it particularly attractive.
In conclusion, EasyMarkets offers a secure , reliable and well balanced trading experience, no matter your level.
EasyMarkets Pros and Cons
- The broker is safe and regulated by some of the most respected authorities in the industry.
- Unlimited demo account to practice and learn.
- The low budget VIP account makes the broker even more accessible and interesting.
- It offers numerous base currencies, so as to avoid exchange fees.
- The dealCancellation and Freeze Rate features are available, unique and advantageous.
- EasyMarkets has an excellent training section with abundant and quality material.
- Poor physical presence with only two offices in the world.
- Limited selection of available assets.
- No direct social media or copy trading services.
- EasyMarkets research section is restricted for such a major broker.
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