EasyMarkets Review

Have you ever heard of EasyMarkets.com? Have you ever heard of EasyForex.com? The former name is, in fact, the re-branded new feel and looks of the latter. After a groundbreaking ride of over 16 years as a customary retail forex trading firm, the broker decided to change to the Easy Markets Broker to show that it is now a bigger and better brand. You can go through Easy Markets customer reviews and comments to get more info about th broker.

An industry innovator and leader, the broker was established in 2001 and by 2013, it had over 100,000 active traders and over $1.5 trillion in accrued trading turnover. The firm since diversified its product collection to offer CFDs indices and commodities while expanding forex contracts as well as vanilla options (two service offerings that makes this firm a leader).

Trading Accounts

There are four main accounts at Easy Markets Brokers that cater to the needs of clients. These accounts are:

Standard Trading Account

There is just one standard trading account that requires a minimum deposit of $100.  Standard account holders that are located outside of Europe get a leverage of up to 1:400 while the European dwellers get a leverage of 1:20 for exotic crosses and 1:30 for major Forex pairs. The spreads usually start from 3 pips.

Islamic Account

With this account, traders are allowed to take their day-trading transactions to the next day and they are not changed a rolling fee.

Demo Account

Demo account is found in the proprietary platform and is provided for life. This account is also free and is not found in other firms. 

VIP Account

This is the Easy Markets Broker’s top account and has an analyst that will help traders by providing them with professional trading tips. The analysts are available around the clock and can be reached by the phone.

VIP account holders can avail themselves of 1.8 pips spread for all major pairs. Holders of these accounts also receive SMS alerts on market trends and cash rebates.

About Easy Markets and Security of Funds

Easy Markets Broker is an online firm that provides a platform for agreements for difference CFDs trading. It offers to trade in different types of asset classes including cryptocurrencies, forex, metals, energy, agricultural goods, and indices.

The Easy Markets platform is well-known for its latest features, including an emphasis on transparent pricing and proprietary dealCancellation tool. The firm is a haven to over 300 markets and a number of trading instruments such as options, forwards, and trades.

Easy Markets Broker has scooped over 40 international awards provided by industry watchers for its services and platforms. 

The firm’s headquarters are in Limassol, Cyprus and it has a branch in Warsaw, Poland. Also, the firm is heavily felt around the world with offices in Sydney, Marshall Islands, and Majuro.

It also has some subsidiaries including Easy Forex Trading Ltd and Easy Markets Pty Ltd. Easy Forex Trading Ltd is registered and controlled by the Cyprus Securities and Exchange Commission while the Easy Markets Pty Ltd is licensed by the Australian Securities and Investments Commission.

This means that Easy Markets Broker can be trusted and the fund is secure when exchanging under its safe hands. Traders in states regulated by Cyprus Commission are entitled to compensation of up to $20,000 if the firm fails.

Trading Conditions and Platforms

Minimum Deposit

Easy Markets holds all the funds in a separate bank account “Bankwest”. The account is owned by Commonwealth Bank of Australia (CBA) allowing for fast transfers and offering stability to the account. The minimum deposit usually varies from one account to the other, but the lowest is set at $200 for Standard Account (VIP Account is set at $50,000).  With just $200, traders can start to make a contract online. The minimum withdrawal is set at $50 to a bank account.

Leverage

Leverage varies from asset to class type. In fact, it varies from CFDs to other instruments, but currency exchange is about 1:30. Cryptocurrencies leverage is set at 1:50 for customers outside of Europe. A high leverage means that your capital is at a high risk but also offers you the opportunity to enjoy higher returns. The benefits outweigh the risk and all traders want the best return on their investment.

Spread and Commissions

Easy Markets broker does not charge any commission on all trades. It also provides fixed spreads unlike other Forex brokers who also offer fixed and variable ones. Moreover, the spread will depend on the type of account owned, with Standard Account attracting 3 pips while the VIP Account attracts 1.8 pips.

Trading Platform

The Easy Markets Broker groundbreaking proprietary trading platform is unlike others in the industry. It is 100% web-based, meaning that there are no downloads here. It only provides the basics that traders will require, while still offering unique features such as “Inside Viewer”.

Easy Markets also supports the popular Metatrader4 product line. This enables traders to employ their preferred “Expert Advisor” and still enjoy rapid execution without re-quotes or slippage.

Mobile use is also supported. With this, all traders need is a smartphone and start trading when on the go – no to have an office to start trading. Safety and security are assured by the firm’s use of the best encryption technology protocols that protect all trading activity data and other personal information.

Promotions

Easy Markets Broker trading promotions, offers, and bonuses are ways of saying “thank you” to its customer for choosing it. The first promotion that traders get to enjoy is the First Deposit Bonus, which is a 50% bonus up to $2,000 tradable bonus on the first deposit. Another promotion is the Refer a Friend promotion that rewards people when they introduce a new trader. There is a treat for everyone who wishes to join the broker and start trading.

BRIEFLY ABOUT Easy Markets

So, for all traders looking for a reputable broker to trade with, Easy Markets Broker is the place to be. The firm has proven over the years that it is unbeatable and has continued to diversify its products to cater to every trader. It is among the leader in the security trading industry.