Verdict

/ 5

EasyMarkets review

By azeshan

Updated on Nov 2, 2024

9 mins read

2 customer reviews

Overview

easyMarkets, headquartered in Limassol, Cyprus, is an online trading platform founded in 2001. Since its inception, the broker has focused on providing its traders access to multiple financial...

See full overview for EasyMarkets

easyMarkets, headquartered in Limassol, Cyprus, is an online trading platform founded in 2001. Since its inception, the broker has focused on providing its traders access to multiple financial markets, including forex, commodities, and cryptocurrencies.

The broker further offers its clientele advanced risk management tools, guaranteed stop-loss orders, and unique features such as DealCancellation and Freeze Rate. easyMarkets certainly understands the needs of its clientele in a volatile ecosystem called the financial market.

Supported Countries

easyMarkets supports traders from over 150 international countries, making it one of the most widely accessible brokers globally. The broker’s reach spreads to Australia, European Union member states, Asia, Africa, and the Middle East.

Despite easyMarkets’ international reach, however, there are countries where easyMarkets is not authorized to operate due to regulatory restrictions.

Restricted countries include Afghanistan, Belgium, Burundi, Cambodia, Canada, Chad, Cuba, Democratic Republic of Congo Equatorial Guinea, Guinea Bissau, Haiti, Iran, Iraq, Israel, Libya, North Korea, Republic of Congo (Brazzaville), Somalia, South Sudan, Sudan, Syria, Turkmenistan USA, Venezuela, and Yemen.

Customer Service Rating

EasyMarkets is rated an excellent broker on Trustpilot with 4.6 average ratings of 1502 reviews. The positive reviews centered around the broker’s swift and professional customer support.

Many traders shared their experiences to describe how professional the customer support unit was in answering their questions and helping to resolve their issues. Some traders also applauded the broker for its transparency and growth.

On the other hand, the negative reviews were offshoots of withdrawal hitches. Some traders reported missing bonuses, an inability to withdraw bonuses, and general withdrawal challenges.

It’s a good thing the broker has an effective customer support network; traders can lodge these complaints to the customer support unit and patiently follow their instructions afterward.

easyMarkets Trading Platforms

easyMarkets reviews reveal that the broker grants its users access to five different trading platforms: the easyMarkets web-based platform, the easyMarkets mobile app, TradingView, MetaTrader4, and MetaTrader5. Traders can select the platform that best fits their trading preferences and style. The features of each of these platforms are discussed below.

easyMarkets’ web-based platform: With any internet-enabled device and an internet connection, traders can access the user-friendly easyMarkets web-based trading platform from anywhere. This platform grants users access to a variety of trading instruments as well as additional features like a market sentiment indicator, a freeze rate option, and the unique dealCancellation feature. The platform’s user-friendly interface makes it simple for traders to navigate and execute transactions.
easyMarkets Mobile App: This platform offers traders the same range of trading instruments and risk management tools as the web-based platform. This app provides a commendable trading experience. It is accessible for mobile trading on iOS and Android. Users can access several unique features and tools on this app to boost their trading experience and complete transactions quickly and efficiently.
TradingView: Traders wishing to trade on Tradingview can now use their easyMarkets accounts. On the easyMarkets TradingView, traders can exchange their ideas and trading methods. This platform is an excellent tool for researching, charting, and screening any instrument that is only available on easyMarkets’ trading platform.
MetaTrader4: easyMarkets provides MT4 with excellent trading conditions and customer service available to all easyMarkets users. This platform offers traders a comprehensive range of trading orders, analytics with technical indicators, graphical objects, and flexibility to close and modify existing orders. Traders may use the MT4 app to work anywhere, even though it has significantly less capability than the desktop versions.
MetaTrader5: Although the easyMarkets MT5 trading platform and MT4 are relatively similar, MT5 offers some significant improvements over MT4. These include quicker processing times, more sophisticated chart indicators, and an integrated economic calendar.

Trading Denominations

Across easyMarkets platforms, traders can only utilize 18 base currencies. These currencies include EUR, AUD, CAD, CHF, SGD, CNY, CZK, JPY, NZD, GBP, PLN, TRY, HKD, NOK, SEK, ZAR, MXN, and BTC.

Traders can deposit, withdraw, or pair from these base currencies for exchange purposes. As long as traders can access these currencies, they can use them to suit their specific needs and trading styles.

Company Structure

easyMarkets is a financial institution with a strong international presence. In addition to its headquarters in Limassol, the Cyprus broker has other offices in Sydney, Australia. easyMarkets also has a marketing office in Shanghai, China. The broker is doing the most to ensure its presence in as many regions as possible, and this is part of its efforts to increase its popularity and clientele.

Another easyMarkets bonus is its management team—the team in charge of the daily operations and organization of the company. The team consists of seasoned financial experts with in-depth knowledge and experience in online trading. The quality of their work is reflected in the quality of services rendered by the broker across its trading platform.

easyMarkets Licenses and Regulatory Compliance

This easyMarket review affirms that the broker is well-regulated and licensed by multiple reputable financial authorities. Its strong commitment to regulatory compliance births its high level of transparency.

The broker provides traders with a safe and secure trading environment and fairness in all its operations, particularly trading conditions, pricing, fees, and commission.

The regulatory authorities that license easyMarkets include;

The Cyprus Securities and Exchange Commission (CySEC); easyMarkets is regulated by CySEC under license number 079/07. This regulatory authority oversees the operations of the company in the European Union.
The Australian Securities and Investments Commission (ASIC): easyMarkets is regulated by ASIC in Australia under the license number AFS number 246566. ASIC oversees the financial operations of easyMarkets in Australia.
The Financial Services Authority (FSA): easyMarkets is regulated by FSA under the license number SD056 in regions outside Australia and the European Union.
Financial Services Commission of the British Virgin Islands (FSC BVI): easyMarkets is regulated by FSC BVI under the license number SIBA/ L / 20/1135.

easyMarkets Customer Support

easyMarkets provides its clientele with a devoted customer support team that works around the clock to help traders make timely transactions and resolve technical issues. EasyMarkets.com customer support is reachable on various chat tools across its platforms, email, phone, easyMarkets.com official social media platforms, and website.

easyMarkets’ customer support desk operates on a 24/5 basis, meaning they can be contacted at any time of the day, all week long, across all available platforms. According to easyMarkets.com customer reviews, the easyMarkets’ customer support desk is available in different languages, such as Chinese, German, Spanish, Arabic, Polish, and English. Hence, traders can easily access customer support in their preferred language.

easyMarkets Customer Protection

The safety and security of its traders is a top priority at easyMarkets. As a result, the broker prioritizes client protection by implementing several security measures to protect their assets and personal data. Some of these security measures include:

Effective Authentication and Encryption: easyMarkets protects its clients’ financial and personal information by employing security features such as two-factor authentication and SSL encryption. These measures ensure that third parties cannot access traders’ accounts or personal data registered on the broker’s platform.
Negative Balance Protection: This has become an essential part of trading, judging by the recent fluctuations in the Forex market and the unpredictability of trading decisions. easyMarkets affords its clientele negative balance protection to ensure traders can only lose what they have left in their accounts.
Full Compliance with Regulations: EasyMarkets is subject to several financial regulatory bodies, including CySEC, ASIC, FSC BVI, and the FSA. To safeguard the interests of traders, these regulatory authorities ensure that easyMarkets adheres to stringent market rules and regulations, which include transparency of financial records.
Segregated Accounts: EasyMarkets keeps customer funds distinct from corporate assets in segregated accounts for each client. In the improbable scenario of the company’s collapse, this offers traders an additional layer of security.
Tools for Risk Management: In reducing trading risks, easyMarkets offers its traders several risk management tools across its trading platforms. This easyMarkets.com review encourages traders to utilize these risk management tools as enjoying their maximum benefit is subject to the trader’s use and not solely dependent on the broker.

Trading Information

easyMarkets offers a wide range of financial instruments, giving its users numerous options. These options allow them to trade in different markets and diversify their investment portfolios.

Leverage on easyMarkets

On EasyMarkets, traders have access to leverage. However, this leverage will vary depending on location and the trading assets.

Retail traders registered with Easy Forex Trading LTD in the European Union or the United Kingdom have access to a leverage of 30:1 for major currency pairs and 20:1 for minor currency pairs. This is so because easyMarkets is under the Cyprus Securities Exchange Commission (CySEC) regulation.

The only exception to the easyMarkets leverage rule is if the user qualifies as a professional trader. In such cases, the available leverage would be up to 200:1 on Webtrader or up to 400:1 on the MT4 platform. It’s important to note that leverage is always available for up to a maximum of 30:1 for traders registered with Easymarkets PTY LTD per ASIC regulations.

Deposits and Withdrawals

easyMarkets permits various methods for depositing and withdrawing funds across its platforms. These methods include bank transfer, credit, debit, online cards, and eWallets.

However, the availability of deposit and withdrawal methods may vary depending on the trader’s location. The minimum deposit also depends on the type of account. Please note, that this review has discovered that easyMarkets doesn’t charge any fees when traders fund or withdraw from their accounts.

Deposits

Method	Processing Time	Fee
Credit/Debit card	Instant	Free
eWallets	Instant	Free
Bank Wire Transfer	1 – 2 working days	Free
Online banking (Local Bank Transfer)	3 – 5 working days	Free

Withdrawals

Method	Processing Time	Fee
Credit/Debit card	Instant	Free
eWallets	Instant	Free
Bank Wire Transfer	1 – 2 working days	Free
Online banking (Local Bank Transfer)	3 – 5 working days	Free

easyMarkets Trading Education and Training

easyMarkets offers a range of educational resources and training tools to help traders improve their trading knowledge and skills. However, these materials are primarily geared toward new traders.

The educational resources on the easyMarkets platform are in six sections. They are tagged:

Getting Started
Discover Series
Free eBooks
Knowledge Base
Economic Indicators
Trading Glossary and FAQ

These educational resources are best for beginners to understand the basics of trading. These resources can also help seasoned traders to refurbish their knowledge of the basics of trading. But they are not enough to learn more technical training subjects.

Conclusion

easyMarkets is a well-established forex broker that provides traders with a user-friendly platform and a range of trading instruments. With over 20 years of experience in the industry, easyMarkets has earned a reputation as a trusted broker.

easyMarkets affords its clientele flexible alternatives for depositing and withdrawing money and competitive trading conditions. While they cover a variety of subjects, the training materials are mainly targeted at new traders. This easyMarkets review concludes that easyMarketis an excellent choice for traders of all levels.

Countries

+190

Devices

Max insured

Yes

Our Verdict

/ 5

See our process of evaluating brokers

Commissions & Fees

4.1

/ 5

Deposit & Withdrawal

4.3

/ 5

Customer Support

3.6

/ 5

Account Opening

3.8

/ 5

Regulation & Safety

4.3

/ 5

Our 5-step process of verification and evaluation – How do we obtain information?

General inspection – 30%

Trading experience – 30%

Technical audit – 20%

Collective experience from collaborations with the broker – 10%

Interviews with real traders – 10%

See the entire process here.

Pros

Offers risk management tools
Provides a wide range of unique trading instruments
Provides a user-friendly platform
Swift registration process
No commission fees or unprecedented charges

Cons

Limited customer support
Limited clientele’s access to research and educational resources

General details

Type of accounts

Unlimited Demo Accounts

Standard Accounts

Swap free accounts

VIP accounts

Micro accounts

Segregated accounts

Trading platforms

Execution Model

Deposit currency

Regulatory complience

ASIC

FSC (BVI)

CySEC

FSA

Deposit payment systems

Withdrawal payment systems

Support Languges

English

Arabic

Greek

Spanish

Italian

Chinese

Malay

German

Polish

Portuguese

Romanian

Russian

French

Hindi

Swedish

Autotrading

easyTrade MT4 EA TradingView Zulutrade Myfxbook AutoTrade

Contact details

[email protected]

+357 99 875 998

Customer reviews

Read real reviews from traders all over the world:

Tehran

26 November 2020

Advantages: None

Disadvantages: Won't let you win

I opened an account with EasyMarkets because I wanted a fixed spread for my EA to work best. At first, I suffered a string of losses. But over time, I have found the right settings for my EA. This is when it started for things to become really bad. I started to win. Once night, I gained 1000 USD and was shocked to know that my EA stopped working the next day. I sent their support an email, their agent told me that EA trading wasn’t allowed! This was the most ridiculous thing I’ve ever heard. EA trading is allowed with EasyMarkets, what they don’t allow is when you start gaining profits.

Kiyine

10 June 2020

Advantages: none

Disadvantages: bogus bonus offer

EasyMarkets won’t give me the 50% bonus they previously offered me. They’re negotiating for only 10% after depositing funds into my trading account, to which I said no! This had led me to remove funds from my account. Made a withdrawal request last week, until now no confirmation email from their finance department. It’s been very disappointing - this broker has been known as a market leader, but they’re behaving differently recently.

See all 2 customers reviews

Accounts

Type of Trading Accounts

EasyMarkets offers different types of trading accounts. Each one was created to satisfy the individual preferences of various traders. The available easyMarkets accounts are:

Standard account: This account was designed for novice traders who wish to start with a minimal investment. There is no commission for account maintenance, replenishment, or cash withdrawal; the minimum deposit is $25. The maximum leverage ranges from 1:200 to 1:500. The spread might range from $0.05 to 2.4 pips, depending on the asset. A personal manager and mailing lists with technical and fundamental analyses are also available on this account. Other important features in this account are negative balance protection and access to the easyMarkets mobile app and web platform.
Premium account: This account is recommended for more seasoned traders who wish to trade more frequently and take advantage of tighter spreads. Depending on the trading platform, the leverage goes from 1:200 to 1:500, while the minimum deposit is $2,000. The spread varies between $0.04 and 1.8 pips. This account comes with access to a personal account manager, negative balance protection, analytical newsletters, and 24/7 trading. The easyMarkets web-based platform and mobile app are all accessible via this account.
VIP account: The name says it all; “VIP.” This easy Markets account is intended for high-volume traders who desire the best spreads and individualized assistance. The minimum deposit is $10,000, and the leverage ranges from 1:200 to 1:500 for web and mobile trading and trading on the MT4 platform, respectively. The minimum spread is $0.03. All features offered by Standard and Premium accounts are accessible on the VIP account. Additionally, an account upgrade directly from an MT4 account is possible using this VIP account.
Islamic account: This type of account is intended for traders who adhere to Islamic financial rules and are not allowed to pay or collect interest on overnight holdings. However, if traders using this account hold onto a position for more than 14 days, a different cost can be applied in lieu of the exchange fee. Fixed spreads, access to the easyMarkets mobile app and web platform, and protection from negative balances are all features of the Islamic account. A $100 deposit is required to open an Islamic account.
Demo Account: The easyMarkets demo account is unlimited, meaning that traders can use this account for as long as they want. easy Markets demo accounts are free and available on all the broker’s live account markets. The easyMarkets demo account allows traders to install EAs, making the trading experience as real as possible.

Tradable instruments

Tradable instruments on EasyMarkets trading platforms include:

Metals
Energy

Currencies

N/A

Cryptocurrencies

N/A

Commodities

N/A

Indices

N/A

Frequently asked questions

Find the right answer to your question below.

How can I withdraw funds from easyMarkets?

You must submit a withdrawal request to transfer your money to your bank account. The available withdrawal methods are credit or debit cards, wire transfers, and eWallet.

Does easyMarkets charge a fee for deposits or withdrawals?

easyMarkets charges no fees for deposits or withdrawals. Nevertheless, third-party costs can be charged by the trader’s preferred service provider.

Is a demo account available on easyMarkets?

Yes, easyMarkets provides traders with a free demo account. Another easy market bonus is that traders can use this demo account to test their abilities and practice trading techniques without worrying about trading risk.

Is easyMarkets a scam?

No, easyMarkets is not a scam. The broker is regulated by CySEC, ASIC, FSC BVI, and FSA. easyMarkets complies with all regulatory provisions to secure its client’s funds and Investments.

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