easyMarkets Broker Review

Is easyMarkets a scam?

EasyMarkets is regulated by several reputable financial authorities, including the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC). These regulatory bodies oversee the operations of the company and ensure that it complies with strict regulations designed to protect traders and ensure fair trading practices.

Additionally, EasyMarkets provides a range of safety measures to protect its clients’ funds and personal information. The company uses advanced encryption technology to secure its trading platform and client data, and it also offers negative balance protection, which ensures that traders cannot lose more than their account balance.

Furthermore, EasyMarkets is a member of the Investor Compensation Fund (ICF), which is designed to provide additional protection to traders in the event that the company becomes insolvent. The ICF provides compensation of up to €20,000 per trader in such cases.

Overall, EasyMarkets is considered a reputable and safe broker, with a long track record of providing reliable and transparent trading services to its clients.

easyMarkets Trading Platforms

EasyMarkets offers its clients a choice of two trading platforms:

1. easyMarkets Web Platform: This is the company’s proprietary web-based platform, which offers a user-friendly interface and a range of trading tools and features. The platform is accessible from any web browser and does not require any downloads or installations. It offers a range of trading instruments, including forex, commodities, indices, and cryptocurrencies.
2. MetaTrader 4: This is a popular third-party trading platform widely used in the forex and CFD markets. EasyMarkets provides its clients with access to the MT4 platform, which offers advanced charting tools, technical analysis indicators, and a range of other features. MT4 is available as a desktop platform for Windows and Mac users, as well as a mobile app for iOS and Android devices.

Both trading platforms offered by easyMarkets are user-friendly and provide a range of tools and features to help traders analyze the markets, make informed trading decisions, and manage their positions effectively. Additionally, easyMarkets offers a demo account that allows traders to practice trading strategies and test the company’s trading platforms without risking real money.

Products easyMarkets provides

EasyMarkets provides access to a range of financial products across various markets, including:

1. Forex: EasyMarkets offers trading in more than 135 currency pairs, including major, minor, and exotic pairs. Clients can trade forex with competitive spreads and leverage of up to 1:30.
2. Commodities: EasyMarkets provides trading in a range of commodities, including precious metals like gold, silver, and platinum, as well as energy products like crude oil and natural gas.
3. Indices: Clients can trade a variety of global stock indices, such as the S&P 500, NASDAQ, FTSE 100, and more.
4. Cryptocurrencies: EasyMarkets provides trading in cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Ripple.
5. Options: The company also offers trading in vanilla options, allowing clients to buy or sell an underlying asset at a predetermined price and time.

Overall, easyMarkets provides a diverse range of financial products across various markets, allowing clients to trade multiple assets from a single account. The company’s trading conditions are transparent, with competitive spreads and flexible leverage options, making it an attractive choice for both novice and experienced traders.

easyMarkets account types

EasyMarkets offers two main types of trading accounts:

1. Standard Account: This account type is suitable for traders who are new to trading or those who prefer a simple trading environment. The standard account offers fixed spreads, negative balance protection, and no commissions.
2. VIP Account: This account type is designed for more experienced traders who require advanced trading features and prefer a more customized trading experience. The VIP account offers tighter spreads, a dedicated account manager, free SMS market updates, and other premium features.

Both account types provide access to a wide range of financial instruments, including forex, commodities, indices, and cryptocurrencies. EasyMarkets also offers a free demo account, which allows clients to practice trading strategies and test the company’s trading platforms without risking real money.

In addition to the standard and VIP accounts, EasyMarkets also offers Islamic accounts, which are designed for clients who follow the Islamic faith and require a trading account that complies with Sharia law. These accounts do not charge any swap or rollover fees, and all trading is based on the principle of immediate settlement.

Overall, EasyMarkets provides a range of trading accounts to cater to the needs of different traders, whether they are beginners or experienced professionals.

easyMarkets trading fees

EasyMarkets charges trading fees in the form of spreads, which are the difference between the bid and ask prices of a financial instrument. The company offers fixed spreads, which means that the spread remains the same under normal market conditions, regardless of the size of the trade or the account balance.

The size of the spread varies depending on the financial instrument and the account type. For example, the fixed spread for the EUR/USD currency pair starts from 1.2 pips for the Standard account and 0.9 pips for the VIP account.

EasyMarkets does not charge any commissions on trades, and there are no hidden fees or charges. The company also offers guaranteed stop loss orders, which can help traders limit their potential losses in volatile market conditions.

It is important to note that overnight financing charges, also known as swaps, may apply to positions held open overnight. These charges vary depending on the financial instrument and the prevailing interest rates.

Overall, EasyMarkets offers competitive and transparent trading fees, with no commissions or hidden charges. The fixed spreads provide certainty and transparency, which can be beneficial for traders who prefer to plan their trading costs in advance.

easyMarkets Funding and Withdrawal Options

EasyMarkets offers a range of funding and withdrawal options to clients, including:

1. Deposit Options: Clients can fund their trading accounts using various deposit options, including credit/debit cards (Visa/MasterCard), bank wire transfers, and e-wallets such as Neteller, Skrill, and Fasapay. The minimum deposit amount varies depending on the deposit method, but it is generally around $100 for most methods.
2. Withdrawal Options: Clients can withdraw funds from their trading accounts using the same methods used to deposit funds. The withdrawal process is generally quick and easy, and funds are usually processed within 24 hours. However, it may take longer for bank wire transfers, which can take up to 3-5 business days to process.
3. Fees and Processing Time: EasyMarkets does not charge any fees for deposits or withdrawals. However, clients should be aware that their bank or payment provider may charge fees for transactions. The processing time for deposits is usually instant, while withdrawals can take up to 24 hours to process.

It is important to note that EasyMarkets only accepts deposits and withdrawals from accounts that are in the same name as the trading account. This is a standard industry practice to prevent money laundering and fraud.

Overall, EasyMarkets offers a range of convenient funding and withdrawal options with fast processing times and no fees. Clients can choose the deposit and withdrawal method that suits their needs and preferences, making it easy to manage their trading accounts.

easyMarkets’ promotions

EasyMarkets offers various promotions and bonuses to its clients throughout the year, including:

1. Welcome Bonus: EasyMarkets offers a welcome bonus to new clients who open and fund a trading account. The bonus amount varies depending on the account type and the amount deposited. Clients can use the bonus amount to trade and generate profits, which can be withdrawn after meeting certain trading volume requirements.
2. Refer-a-Friend Bonus: Clients can earn a bonus by referring friends and family members to EasyMarkets. The bonus amount varies depending on the number of referrals and the size of their deposits.
3. Trading Contests: EasyMarkets regularly organizes trading contests and competitions, where clients can compete against each other for prizes and rewards.
4. Seasonal Promotions: EasyMarkets offers various seasonal promotions and bonuses throughout the year, such as special bonuses for holidays like Christmas and New Year.

It is important to note that all promotions and bonuses offered by EasyMarkets are subject to terms and conditions. Clients should carefully read and understand these terms before participating in any promotion or bonus program.

Overall, EasyMarkets provides various promotional offers and bonuses to its clients, which can be a great way to boost trading profits and earn additional rewards. Clients should regularly check the company’s website or contact their account manager to stay informed about the latest promotions and bonuses.

easyMarkets customer support

EasyMarkets offers comprehensive customer support to its clients, which includes:

1. 24/5 Customer Service: EasyMarkets provides 24/5 customer service through phone, email, and live chat. The customer service team is available to assist clients with any questions or issues they may have regarding their trading accounts, platforms, or any other queries related to trading.
2. Personal Account Managers: Clients who open a VIP account with EasyMarkets are assigned a dedicated personal account manager. The account manager is available to provide personalized support and assistance to clients and help them achieve their trading goals.
3. Education and Training: EasyMarkets provides a range of educational resources and training materials to help clients improve their trading skills and knowledge. These resources include webinars, video tutorials, e-books, and trading guides.
4. Multilingual Support: EasyMarkets provides customer support in multiple languages, including English, Spanish, Arabic, Chinese, and more. This ensures that clients can communicate with the customer service team in their preferred language.

Overall, EasyMarkets provides high-quality customer support to its clients, with a dedicated team of professionals available to assist with any questions or issues. The company’s comprehensive educational resources and personalized account management also help clients improve their trading skills and achieve their financial goals.

easyMarkets Educational Resources

EasyMarkets provides a wide range of educational resources to help clients improve their trading knowledge and skills. These resources include:

1. Webinars: EasyMarkets offers a range of live webinars on various topics related to trading, including technical analysis, fundamental analysis, and risk management. Clients can attend these webinars for free and interact with expert traders.
2. Video Tutorials: EasyMarkets provides a range of video tutorials on its website and trading platform. These tutorials cover various topics related to trading, such as how to use the trading platform, how to analyze the markets, and how to place trades.
3. E-books: EasyMarkets offers a range of e-books that cover various trading topics in-depth. These e-books are available for free and can be downloaded from the company’s website.
4. Trading Guides: EasyMarkets provides a range of trading guides that cover different aspects of trading, such as forex trading, CFD trading, and options trading. These guides are designed to provide clients with a comprehensive understanding of the markets and the trading process.
5. Market Analysis: EasyMarkets provides daily market analysis and updates, including technical and fundamental analysis, market news, and economic events. This helps clients stay up-to-date with the latest market developments and make informed trading decisions.

Overall, EasyMarkets provides a wide range of educational resources to help clients improve their trading skills and knowledge. These resources are available for free and can be accessed by clients of all levels of experience.

Pros and cons of easyMarkets

Pros:

1. Regulated Broker: easyMarkets is regulated by reputable financial authorities, such as CySEC and ASIC, which ensures the safety and security of client funds.
2. User-Friendly Platform: easyMarkets provides a user-friendly trading platform that is easy to navigate, even for beginners.
3. Comprehensive Educational Resources: easyMarkets offers a range of educational resources, including webinars, video tutorials, and e-books, to help clients improve their trading knowledge and skills.
4. Multiple Account Types: easyMarkets provides multiple account types with different features and benefits, allowing clients to choose an account that suits their trading needs and budget.
5. Fixed Spreads: easyMarkets offers fixed spreads, which can provide traders with greater transparency and predictability in their trading costs.

Cons:

1. Limited Product Range: easyMarkets primarily focuses on forex and CFD trading, which may not be suitable for clients looking to trade other financial instruments.
2. Inactivity Fees: easyMarkets charges inactivity fees for dormant accounts, which can be a downside for clients who do not trade frequently.
3. Limited Funding Options: easyMarkets offers limited funding options compared to some other brokers, which may be inconvenient for clients who prefer a wider range of payment methods.
4. Limited Trading Tools: easyMarkets provides limited trading tools and features compared to some other brokers, which may not be suitable for advanced traders who require advanced charting tools and analysis.

Overall, easyMarkets provides a user-friendly and regulated trading platform with a range of educational resources. However, the platform may not be suitable for clients looking to trade a wider range of financial instruments or requiring advanced trading tools. Additionally, clients should be aware of potential inactivity fees and limited funding options.

Frequently asked questions about easyMarkets

Is easyMarkets a regulated broker?

Yes, easyMarkets is a regulated broker. It is regulated by reputable financial authorities, such as CySEC and ASIC, which ensures the safety and security of client funds.

What trading platforms does easyMarkets offer?

easyMarkets offers its proprietary trading platform, as well as the popular MetaTrader 4 (MT4) platform.

What products can I trade on easyMarkets?

easyMarkets primarily focuses on forex and CFD trading. Clients can trade a range of forex pairs, commodities, indices, and cryptocurrencies.

Does easyMarkets charge any fees?

Yes, easyMarkets charges fees for trading, funding, and withdrawals. The fees vary depending on the account type and payment method used.

What educational resources does easyMarkets offer?

easyMarkets offers a range of educational resources, including webinars, video tutorials, e-books, and trading guides. These resources are designed to help clients improve their trading knowledge and skills.

What account types does easyMarkets offer?

easyMarkets offers multiple account types, including the Standard, Premium, and VIP accounts. Each account type comes with different features and benefits, such as fixed spreads, personal account managers, and premium trading conditions.

What funding and withdrawal options does easyMarkets offer?

easyMarkets offers a range of funding and withdrawal options, including bank transfers, credit/debit cards, and online payment methods such as Skrill and Neteller. Fees and processing times vary depending on the payment method used.

Does easyMarkets offer a demo account? Y

es, easyMarkets offers a demo account that allows clients to practice trading in a risk-free environment using virtual funds.

What customer support does easyMarkets provide?

easyMarkets provides comprehensive customer support, including 24/5 customer service through phone, email, and live chat. Clients can also access personal account managers, educational resources, and multilingual support.

Overall, easyMarkets provides a range of trading services, products, and educational resources, along with comprehensive customer support. Clients should be aware of potential fees and limitations on trading tools and funding options, but the broker’s user-friendly platform and regulatory compliance make it a potentially attractive option for many traders.