easyMarkets Review

easyMarkets

EasyMarkets

www.easymarkets.com

  • Leverage: 1:30 | 1:200

  • Regulation: ASIC, CySEC, FSC

  • Min. Deposit: $100

  • HQ: Cyprus

  • Platforms: MT4, WebTrader, Mobile App

  • Found in: 2001

easyMarkets Licenses

  • Easy Forex Trading Ltd - authorized by CySEC (Cyprus) registration no.  079/07
  • Easy Markets Pty Ltd - authorized by ASIC (Australia) registration no. 246566
  • EF Worldwide Ltd - authorized by FSC (British Virgin Islands) registration no. SIBA/L/20/1135

Top 3 Forex Brokers

  1. easyMarkets Pros and Cons
  2. Is easyMarkets safe or a scam?
  3. Leverage
  4. Fees
  5. Spread
  6. Deposits and Withdrawals
  7. Trading Platform
  8. Conclusion

Our Review Method

  • 55Brokers Financial Experts with over 10 years ща experience in the Forex market checked broker’s trading offerings, fees, platforms, verified regulations, contacted customer service, and placed traders to see trading conditions and give expert opinion on easyMarket

What is easyMarkets?

easyMarkets is a Cyprus-based Forex trading firm and Broker that started its operation back in 2001 and was one of the first to offer online trading at their developed user-friendly platform.

easyMarkets offices are located in Shanghai, Sydney, and Limassol (Cyprus), as well as the Marshall Islands, to be able to offer services globally and provide personal customer service.

  • While, the company strives to deliver trustful trading conditions in response to market volatility with fixed spread and no slippage, thus the traders always know their costs.
  • The idea to democratize trading since the beginning started as a company idea that accepted an initial deposit of only 25$, while further the broker enlarged their client base and got many positive regards in terms of their trading environment.

Over the years of expansion easyMarkets CFDs offering the range currently includes Forex instruments, global indices, energies, metals, and cryptocurrencies including Bitcoin, Ripple, and Ethereum.

Is easyMarkets a market maker?

Yes, based on our findings, the broker claims itself a market maker broker meaning that they quote both bid and ask prices with  the intention to make profit from bid-ask spreads

easyMarkets Pros and Cons

Our experts find easyMarekts provides easy account opening, a wide range of instruments, good education and research tools, also platform selection. Fees and spreads are mainly in line with the industry average. The minimum deposit offered by the broker is also average for the industry. Overall, our experience with easyMarket can be considered positive.

For Cons, there aren’t so many in our opinion. The broker has no 24/7 support, also the instrument range is limited to Forex and CFDs. Among other things, the broker’s conditions might vary based on the entity.

AdvantageDisadvantage
Multiply regulated broker with a strong establishment Only Forex and CFDs
Ggreat technical solutions, tools, platforms No 24/7 support
Good Reputation Conditions vary based on entity
Quality education
Negative balance proteciton
Regulated by ASIC and CySEC
Competitive trading conditions

easymarkets webpage

easyMarkets Review Summary in 10 Points
🏢 HeadquartersCyprus
🗺️ RegulationASIC, CySEC, FSC
📉 InstrumentsForex instruments, global indices, energies, metals and cryptocurrencies including Bitcoin, Ripple and Ethereum.
🖥 PlatformsMT4, WebTrader, Mobile App
💰 EUR/USD Spread1 pip
🎮 Demo AccountProvided
💳 Minimum deposit$100
💰 Base currenciesUSD, EUR
📚 EducationEducation and research included
☎ Customer Support24/5

Overall easyMarkets Ranking

Based on our expert findings, we can confidently assert that the broker is trustworthy and highly regulated by top-tier regulators. It assures trading safety and secure transaction, as well as negative balance protection in case of insolvency. A good selection of education makes the broker highly attractive for beginners. The main disadvantage is the limited market range and no 24/7 support.

  • easyMarkets Overall Ranking is 8.3 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.
RankingeasyMarketsInteractvie BrokersFP Markets
Our Ranking ⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
AdvantageFeesInsturmentsLow Spreads

easyMarkets Alternative Brokers

Despite all the benefits and good trading conditions, we found some disadvantages of easyMarkets. The broker’s market range is strictly limited to FX and CFDs with differing conditions for different jurisdictions. Also, international trading seems to be done through its offshore entity which is a major drawback in our opinion.

Awards

Since easyMarkets has proved itself as a reputable and favorable broker, it has gained multiple awards and good reviews from both clients and market experts. The broker each year gains more and more recognition across the globe and various awards for its operation. Here are some of the most notable awards the broker has received recently:

easymarkets awards

Is easyMarkets safe or scam?

Yes, easyMarkets is a safe trade due to its high regulatory standards, is operating through a few regulated entities in its established jurisdiction, and is not a scam.

Is easyMarkets regulated?

The company’s trading name is Easy Forex Trading Limited, it is a Cyprus-established financial services firm with registration number HE203997 regulated by CySEC in Europe that complies with the MiFID set of rules. This means its operation standards enabled the EU to provide legal services to the EEA zone clients and beyond.

EasyMarkets office is also located in the Marshall Islands that in fact does not regulate financial firms, but since it is regulated by the ASIC in the Asian Pacific Region and is Australia Forex Broker that enables authorized trading services.

See our conclusion on easyMarkets Reliability:

  • Our Ranked easyMarkets Trust Score is 8.8 out 0f 10 for good reputation and high compliance with the jurisdiction, the broker is regulated by two top-tier regulators with strong requirements. The only disadvantage is international trading available via the offshore entity.
easyMarkets Strong PointseasyMarkets Weak Points
Multiply regulated broker with a strong establishment Regulatory standards and protection vary based on the entity
Regulated by ASIC and CySECRuns offshore entity
Founded in Cyprus
Negative Balance protection

Trading protection

easyMarkets strives to provide transparent, trusted, and regulated financial service. The regulatory commitment requires the utmost level of security in various ways and includes clients’ safety of funds to assure integrity and safe performance.

This is done by the client money segregation, participation in a scheme in case of the company insolvency and strict operational standards constantly audited, which may be slightly diverse according to its obligations.

What leverage does easyMarkets offer?

So by trading numerous instruments, you also may use powerful tool leverage, which may increase your potential gains through its possibility to multiply initial accounts balance. Yet, make sure to learn how to use tools smartly, as high leverage and incorrect use increase risks as well.

 easyMarkets leverage levels, as always they are depending on the instrument you trade or platform you use and are also defined by regulatory restrictions.

  • Trading with Australian regulated by ASIC traders can now use only 1:30 
  • European entity regulated by CySEC demands significantly lower levels due to ESMA restrictions, which offer only 1:30 for Forex instruments and 1:10 for Commodities.
  • Opening account under a global entity you can use high leverage with a maximum of 1:400 for major currencies and 1:50 for cryptocurrencies.

Account types

Based on our findings, the range of easyMarkets trading accounts includes three types with conditions developed over almost two decades of experience and designed to cover individual needs. Nevertheless, make sure to check with customer service under which conditions you particularly will fall, as conditions may vary according to the trading entity.

easymarkets account

easyMarkets Trading Instruments

Going deeper into easyMarkets technology, the designed Market Explorer gives deep market insight, showing the real-time rates of 200+ instruments available to trade.

Furthermore, the democratic strategy offers also negative balance protection that is a very useful tool for any type of trader as well as continuous innovation of the easyMarkets delivers valuable trading tools and conditions such as free guaranteed stop loss, inside the viewer, Freeze Rate and very advanced tool deal cancellation. All that ensures the traders’ safety, especially to those who trade in volatile conditions.

  • easyMarkets Markets Range Score is 7.9 out 0f 10 for wide trading instrument selection, however, they are limited to FX and CFDs only. Besides, the range might vary according to each jurisdiction

Fees

The trading costs are included in the fixed spread with 0 commissions divided and defined by the trading account you operate through. All accounts include daily emails with technical analysis and fundamental data along with guarantees on stop loss, negative protection, and additional trading tools.

  • easyMarkets Fees are ranked low with an overall rating of 8.7 out of 10 based on our testing and compared to over 500 other brokers. Fees might vary based on the account type and jurisdiction, but overall our impression is positive, see our finds of fees and pricing in the table below:

FeeseasyMarkets FeesAlvexo FeesFXOpen Fees
Deposit FeeNoNoNo
Withdrawal FeeNoNoNo
Inactivity FeeYesYesYes
Fee rankingAverageAverageLow

easyMarkets Spread

Based on our findings, EasyMarkets has the most competitive pricing available with its VIP account, which requires a $2 500 deposit ($100 for EU and UK residents) as well as a web platform. The fixed spreads are 0 .77 pips on EUR/USD when using MT4 or the website respectively.

  • easyMarkets Spreads are ranked low with an overall rating of 8.9 out of 10 based on our testing comparison to other brokers. We found that the broker has relatively low spreads offering 0.77 pips for both accounts. Other spreads are attractive as well. easyMarkets spreads see the comparison table below
AsseteasyMarkets SpreeadAlvexo SpreeadFXOpen Spread
EUR USD Spread1.3 pips1.4 pips0.5 pips
WTI Crude Oil Spread4413
Gold Spread403511

easyMarkets spread

easyMarkets rollover

Also, always consider easyMarkets rollover or overnight fee as a cost, it is charged on the positions held longer than a day and may be checked directly from the platform. Each instrument has a different condition for overnight positions and may be as a fee or refund.

Deposits and Withdrawals

Based on our findings, account funding is easy and straightforward process at easyMarkets available through the client area.

  • easyMarkets Funding Methods we ranked Excellent with an overall rating of 8 out of 10. The minimum deposit is among the average in the industry, fees are little to no for various currency-based accounts

Here are some good and negative points for easyMarkets funding methods found:

easyMarkets AdvantageeasyMarkets Disadvantage
Fast digital deposits, including Neteller, and Credit Cards None
Fast digital deposits, including Neteller, and Credit Cards
Multiple Account Base Currencies
0$ deposits and free withdrawals
Withdrawal requests are confirmed within 12-24 hours

Deposit options

The multiple payment funding makes your options with numerous ways available in almost any region including bank transfer, credit, debit, online cards and a selection of eWallets: Sofort, giropay, iDeal, WebMoney, BPAY, Neteller, Skrill and fasapay.

easyMarkets minimum deposit

easyMarkets minimum deposit requires 100$ as a start, while a bigger size account along with VIP and premium conditions demands higher balance maintenance.

easyMarkets minimum deposit vs other brokers

easyMarkets Most Other Brokers
Minimum Deposit $100 $500

Withdrawal fee

easy marker doesn’t charge any fees to fund or withdraw money from the account. The fees are covered for all easyMarkets payment methods, nevertheless, make sure to check with your payment provider in case fees will be waived from their side.

How do I withdraw money from easyMarkets?

Log into your account and go to My easyMarkets Funds Management. If you have deposited via credit or debit card, your funds will be returned to the same card.

easyMarkets deposit

Easy Markets Trading Platforms

The choice of the platform goes to an award-winning easyMarkets intuitive platform based on the Web, thus, does not require installation while is adjusted to the computer’s system. Equipped with a suite of comprehensive tools to support trading along with the tailored by the easyMarkets powerful trading conditions it is a good option to trade.

Also the easyMarkets intuitive app allows trading on any iOS or Android device, giving access to markets anywhere and anytime.

  • easyMarkets Platform is ranked Excellent with an overall rating of 8.4 out of 10 compared to over 500 other brokers. We mark it as excellent being one of the best proposals we saw in the industry, and a great range including MT4, and MT5. Also it provides its sophisticated easyMarkets proprietary platform

Trading Platform Comparison to Other Brokers:

easyMarkets AdvantageeasyMarkets Disadvantage
Fast digital deposits, including Neteller, and Credit Cards None
Fast digital deposits, including Neteller, and Credit Cards
Multiple Account Base Currencies
0$ deposits and free withdrawals
Withdrawal requests are confirmed within 12-24 hours

easyMarkets platform

Research

Nevertheless, if you prefer to use the most popular software MetaTrader4 it is welcomed also with the great trading conditions and customer service equipped together with Trading Central news and analysis.

In addition to the trading software, the broker constantly develops enhancing tools and delivers vast add-ons to the trading platforms. One of the unique features is easy to trade which allows one to set the custom-designed features and execute the order instantly while guessing if the price will go up or down, with the set of the maximum amount the trader is comfortable risking, potential payout, time duration, and the price rate.

And that is also presented by the availability of trading vanilla options, which allow you to hedge against volatility and perform long-term trading.

easyMarkets Customer Support

Based on our research, easyMarkets customer support is quick and relevant. The broker provides multichannel customer support via Live Chat, email, and phone. The main drawback is that it isn’t operating on weekends

  • Customer Support in easyMarkets is ranked Excellent with an overall rating of 8.6 out of 10 based on our testing. Our expert team contacted them and got quick relevant responses

See our find and Ranking on Customer Service Quality:

Education

We also checked another important section – education. in fact, traders of any level can find some useful information and perform even better trading. Moreover, the broker is extremely awarded once, for the year of their operation, 37 awards were received for excellence in service, trust, and built-in technology.

  • easyMarkets Education ranked with an overall rating of 7.9 out of 10 based on our research. The broker provides an extensive range of various trading educational resources suitable for both beginners and advanced traders. It provides highly useful informative courses, videos, eBooks, and glossaries

easymarkets education

easyMarkets Review Conclusion

Overall, our impression of easyMarkets was quite positive despite some small disadvantages. easyMarkets review shows a brokerage company with a long operational history and absolutely fair and transparent trading conditions. Even though, the easyMarkets are even proud to be a market-making broker since they ensure stable trading conditions to their client under any market conditions and even extreme volatility. The range of account types and advanced software features are also great benefits available to all easyMarkets clients, which is worth consideration. 

As for regulation, and trading instruments, the broker does seem to provide a limited range, but the great conditions along with tight spreads and low trading costs make it demanded broker among beginners and advanced traders alike.

Based on Our findings and Financial Expert Opinion easyMarkets is Good for:

  • Beginning Traders
  • Professional Traders
  • Algorithmic or API Traders
  • EAs running
  • Copy Trading
  • Scalping / Hedging Startegies
  • Traders who prefer MT4 or MT5 platform
  • Currency Trading and CFD Trading
  • Suitable for a Variety of Trading Strategies

So, overall we conclude that easyMarkets can be trusted and it offers quite comfortable conditions and continues to develop and enlarge its offerings. As we see before broker had less suitable conditions, but now it thrives with its innovative technology and great offerings.

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