easyMarkets Forex Broker Review

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easyMarketsEstablished in 2001 in Cyprus, EasyMarkets is on online broker registered under the trade name Easy Forex. It was re-branded last December 2015 for a new look and to show everyone that it is more than just an online market. EasyMarkets offer one simple trading account to their clients which is over 100,000 as of writing. 

Furthermore, it has received several industry awards too as their quest for one of a kind trading experience for their client goes on.

Basic information on the easyMarkets Forex Broker

  • Regulator – CySEC, ASIC
  • Trading Platforms – MT4
  • Available since – 2001
  • Minimum deposit– $100
  • Leverage – Up to 1:400
  • Spreads (& commission)– 0.8 pips
  • Minimum trade size – 0.01 lot
  • Demo account – Available
  • Mobile Trading– Available
  • Trade Signals– Automated Trading.
  • US Clients– No
  • Islamic Account– Yes

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Trading Platform 

The easyMarket platform enables clients to trade at a fixed spread with advanced charging tools and with the exclusion of EA and one-click trading from Market Explorer. 

EasyMarket offer their clients the MT4 platform. Clients are given the access to all the features of MT4 which include a guaranteed take profit rate and stop loss. Furthermore, MT4 also gives access for an Expert Advisor to clients as they enjoy swift execution with the absence of slippages. 

Mobile Trading

EasyMarkets also offer their clients a mobile trading app was launched last 2007. This enables clients to trade at ease with the use of their mobile phones no matter where they are. It is available for download on the Appstore and Playstore with the use of an Android or iOS device. The mobile trading feature of EasyMarkets offer clients to employ risk management tools, financial calendar, charting options and so much more. Basically, it has the same feature as web trading. 

Account Types

EasyMarket only offers one account type to all their clients. It is known as the Standard Trading Account which requires an initial deposit of $100 in order for someone to open an account. 

An Islamic Account is also available which is in accordance with the laws of Sharia. The Islamic Account enable clients to continue trading the next day with no rolling fee charge as no trading is done at night.  

If a client upgrades his account into a VIP account, he is entitled to have a personal analyst which can be of assistance for 24 hours, 7 days a week. They are also given the benefit of cash rebates and SMS alerts on market movements. 

Demo Account

EasyMarkets also offer their clients a demo account where they can have a rundown on trading before live trading. This enables them to have a glimpse of what it feels like when trading, practise trading and test new strategies without having to risk their actual capital.

Minimum Deposit

A minimum deposit of $100 is needed in order for someone to open a trading account with EasyMarkets. This is a must and reasonable initial deposit considering the trading experience that is offered by EasyMarkets. 

Payment Methods

Payments are made via major credit and debit card, as well as e-wallets. Withdrawals and deposits have no commission and no minimum punt required. But to make a withdrawal via bank account, a minimum amount of $50 is required. 

Maximum Leverage 

A leverage which can go as high as 1:400 is offered to EasyMarkets clients. Such leverage can give higher gains but it also comes with higher risk and a great loss when not executed properly. 

Spreads and Commissions 

Basically, Easy Markets does not offer commissions and the average spread that they offer is 0.8 pips.

Regulation and License 

EasyMarkets is regulated and licensed by Cyprus Security Exchange Commission (CySEC) with license number 079/07 and by the Australian Securities and Investment Commission (ASIC) with license number 246566. Being regulated with these two bodies ensure that client investments are safe and secured. 

Customer Service 

EasyMarkets’ customer service representatives can be reached at any time of the day during the 5 working days. They can be reached via email, phone, fax, or live chat. 

Benefits of Trading with EasyMarkets 

Trading with EasyMarkets enables clients to enjoy risk-free trading with negative balance protection and comprehensive learning centre. Clients enjoy the simplicity, transparency and customer loyalty that EasyMarkets offer. 

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Pros

  • Availability of Islamic and demo accounts 
  • Risk-free trading 
  • Variety of innovative trading features 

Cons

  • no trading account choice

Conclusion 

Undeniably, EasyMarkets provide a simple avenue for traders to access everything they need in order to top up the trading industry. The user-friendly and informative website is top notch, especially with the features that are available on EasyMarkets only. The regulatory bodies holding EasyMarkets are reputable which ensure that clients are safe with them.

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