easyMarkets

easyMarkets Review: Is easyMarkets any good?

easyMarkets Broker Overview and General Information

EasyMarkets is an online trading platform that offers regulated forex trading and other financial products such as CFDs and options. They offer tight fixed spreads, negative balance protection, and a wide range of trading instruments. Users can trade on the web platform, mobile app, or other platforms. They have won numerous awards, including Best Forex Broker and Best Competitive Spread Broker.

However, as per the disclaimer on the website, CFDs and options are complex instruments and come with a high risk of losing money rapidly. Users should be aware of the risks involved before deciding to invest with EasyMarkets.

Broker Licensing and Regulation

If you ask whether easyMarkets is good or not, you must first consider the license factor, which has the following licenses:

• British Virgin Islands Financial Services Commission (BVI FSC) License No. SIBA/L/20/1135 under EF Worldwide Ltd.

• Cyprus Securities and Exchange Commission (CySEC) License No. 079/07

   Under Easy Forex Trading Ltd.

• Australian Securities and Investments Commission (ASIC) License No. 246566 under Easymarkets Pty ltd.

• Financial Services Authority (FSA Seychelles) License No. SD056 under EF Worldwide Ltd.

Products and services from easyMarkets broker

Trading products

• Forex

• Shares

• Cryptocurrencies: BTC, ETH, Ripple, Litecoin, Stellar, Bitcoin Cash

• Metals

• Commodities

• Indices

Trading Platform

EasyMarkets Web Platform:

The EasyMarkets Web platform has built-in tools such as dealCancellation, Freeze Rate, and Inside Viewer that help reduce risk and increase profit opportunities. It also provides access to a wide range of financial instruments such as forex, commodities, indices, and cryptocurrencies, but lacks the advanced customization capabilities of the MT4 or MT5 platforms.

MetaTrader 4 (MT4):

The MetaTrader 4 (MT4) platform is popular among traders around the world due to its advanced technical analysis and technical tools. It supports automated trading with Expert Advisors (EAs) and offers a wide range of order types and execution modes. MT4 is ideal for traders who want to customize and implement advanced trading strategies, but learning how to take advantage of its many features can take time, and the interface may not be beginner-friendly.

MetaTrader 5 (MT5 ): 

The next generation MT4, MT5 features an improved user interface and advanced functionality, providing more order types, a built-in economic calendar and market insights for a more comprehensive trading experience. ETO Markets also supports MT5, giving you the flexibility to choose the platform that best suits your needs.

Mobile Trading Apps:

EasyMarkets’ mobile trading app is available for both iOS and Android devices and offers full account management capabilities on the go. The app offers live prices and interactive charts, making it ideal for traders who want to track and manage their trades while on the go.

TradingView:

TradingView is a platform that provides a social network for traders and investors. It offers advanced charting and analysis tools, and the ability to share and discuss trading ideas with a large community. A comprehensive set of analytical tools makes TradingView a good choice, but some features may require a premium subscription, and the complexity of the tools may not be suitable for beginners.

easyMarkets Broker Account Types

easyMarkets offers 3 types of trading accounts to choose from, but they differ depending on the platform chosen to trade with to meet the needs of different investors. The features depend on the platform chosen by the trader.

VIP Account

For trading via easyMarkets Web/App and TradingView

• Minimum deposit: $10,000

• Fixed Spread: 0.8 - 1.5 pips / $0.04 -  $0.40 (Oil,XAU)

• Maximum leverage: 1:200

• Commission: $0

For trading via MT4

• Minimum deposit: $10,000

• Fixed Spread: 0.7 - 1.0 pips / $0.03 -  $0.35 (Oil,XAU)

• Maximum leverage: 1:400

• Commission: $0

Premium Account

For trading via easyMarkets Web/App and TradingView

• Minimum deposit: $2,000

• Fixed Spread: 1.5 - 2.2  pips / $0.05 -  $0.45(Oil,XAU)

• Maximum leverage: 1:200

• Commission: $0

For trading via MT4

• Minimum deposit: $2,000

• Fixed Spread: 1.2 - 1.8  pips / $0.04 -  $0.40(Oil,XAU)

• Maximum leverage: 1:400

• Commission: $0

Standard Account

For trading via easyMarkets Web/App and TradingView

• Minimum deposit: $25

• Fixed Spread: 1.8 - 2.4  pips / $0.06 -  $0.50(Oil,XAU)

• Maximum leverage: 1:200

• Commission: $0

For trading via MT4

• Minimum deposit: $25

• Fixed Spread: 1.7 - 2.0  pips / $0.05 -  $0.45(Oil,XAU)

• Maximum leverage: 1:400

• Commission: $0

Deposits and Withdrawals of easyMarkets Broker

Credit/Debit Cards

Visa

• Free deposit fee

• Deposit Time: Instant

• Support: All countries

AstroPay

• Free deposit fee

• Deposit Time: Instant

• Support: All countries

Online Banking

Local Bank

• Free deposit fee

• Deposit time: 24 hours

• Support: LATAM,Africa,India,Indonesia,Vietnam,Thailand,Malaysia

Pix

• Free deposit fee

• Deposit time: 24 hours

• Support: Brazil only

Net Banking

• Free deposit fee

• Deposit time: 24 hours

• Support: India only

UPI

• Free deposit fee

• Deposit time: 24 hours

• Support: India only

And other channels can be viewed at the easyMarkets website, but the website does not provide any withdrawal details. Traders should study the information again before choosing to invest.

Pros and cons of easyMarkets 

strength:

• Tight Fixed Spreads: Focus on tight fixed spreads on Forex pairs, which can be beneficial for active traders.

weakness:

• Limited regulations for non-UK clients: If you are outside the UK, you may be redirected to EF Worldwide Ltd, which is not regulated by the FCA, reducing investor protections.

• Limited transparency on certain products: Information about specific CFDs offered (e.g. cryptocurrencies) may be limited.

• The website does not support Thai language.

• Lack of transparency in explaining withdrawal details

• The starter account still has a high minimum deposit compared to other brokers.

easyMarkets Customer Service

Customer support is available via 

• E-mail : Customer Support
  [email protected]

• Affiliates and IBs
  [email protected]

• Compliance Officer
  [email protected]

EasyMarkets Broker Overview Summary

EasyMarkets offers a number of attractive features, especially for forex traders who value tight spreads and a user-friendly platform. However, the lack of FCA regulation for non-UK clients is a major concern. Furthermore, the focus on CFDs and options also highlights the risks involved in leveraged trading. If you value safety and are a beginner, EasyMarkets may not be the best choice. However, for experienced traders with a tolerance for risk, this may be a suitable option, provided they do their research thoroughly and understand the risks involved.

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