easyMarkets Review 2022: Pros, Cons and Detailed Features

easymarkets review

Table of Contents

Through its trading platform, easyMarkets is simple to use and has various distinctive features that beginners find appealing. But easyMarkets is expensive, has a limited range of tradeable goods, and lacks market research. On the other hand, EasyMarkets is well-known for its unique web-based platform, which is user-friendly and has features geared at beginners.

The easyMarkets review will highlight the features that the broker provides, such as the account types, whether or not there are options for a demo account, and how the trading platform operates. We’ll also go into detail about any bonus deals that are now available and contrast the brokerage service’s essential components.

The benefits of trading with easyMarkets are numerous. The broker distinguishes itself from all other online brokers thanks to these advantages. Check out each of the below pros and cons to have a better grasp of easyMarkets.

easyMarkets Review: Pros and Cons

Pros 

  • No trading commission
  • Dedicated customer support
  • No slippage
  • Negative balance protection
  • Competitive spreads
  • Free guaranteed Stop Loss 

Cons

  • Not available for US residents

What is easyMarkets?

EasyMarkets is a flexible platform that offers a variety of online trading methods. In addition, these instruments offer a wide range of financial market coverage.

EasyMarkets is a flexible broker platform comparable to others. EasyMarkets is a great option for traders seeking a modest selection of affordable services. It provides third-party, white-label offerings for its programmes.

Along with everything else, the broker offers new and experienced traders a variety of advantages that merit further investigation. The length of time a trade must remain offered is not limited. Customers benefit from the agents’ excellent customer service, which rewards them with benefits.

EasyMarkets accounts are accessible everywhere and offer superior customer care everywhere they have clients. Unfortunately, easyMarkets accounts are not available in a select few countries.

Is easyMarkets a Scam?

No, easyMarkets is a reliable broker online. Because various regulatory bodies like CySEC, ASIC, and the BVI govern the business, it is a secure option for CFD and forex trading. In addition, the company is renowned for its web-based service, which has the purpose of serving the user experience.

EasyMarkets is a secure broker for forex and CFD trading because tier -1 and tier-2 jurisdictions regulate it. Cyprus Securities and Exchange Commission, a financial regulatory organisation, oversees easyMarkets (CySec).

As a result, they can accept traders from the UK and the rest of the EU. Additionally, the Australian Securities & Investments Commission oversees the brand in Australia (ASIC) under license number 07907.

In general, the company has a solid reputation, especially with traders who are just starting. In addition, the user-friendly features of the broker, such as a low freeze rate and deal cancellation, are also well known.

Security 

EasyMarkets has a 2 Factor Authentication (2FA) option that you may use for increased security. You will get the verification code on your phone through SMS. To access your account, you must input this code.

As a company, it has a strong set of policies in place to guarantee ethical trading on its platform. It delivers an industry-standard secure socket layer (SSL) for information encryption.

Client information must not be disclosed to any other organisations or people in compliance with the company’s privacy policies comprised of credit history and other financial data.

Account Types

The business offers European customers VIP Accounts. However, due to regulatory limitations, this can only have a maximum leverage of 1:30. Investors can have a personal account manager who can advise them of market trends, economic events, investing ideas, and more. The minimum deposit is 100 EUR.

Additionally, traders can gain trading insights from daily technical and fundamental research as well as trading indicators. This kind of account has relatively tight spreads. The company offers Standard, Premium, and VIP accounts for non-European customers. The spread varies with the account tier. 

Standard Account

  • Fixed Spreads 
  • $25 Minimum Deposit
  • 1:200 Max Leverage
  • No commission
  • Spreads as low as 1.8 pips

Premium Account 

  • Fixed Spreads 
  • $2000 Minimum Deposit
  • 1:200 Max Leverage
  • No commission
  • Spreads as low as 1.5 pips

VIP Account

  • Fixed Spreads 
  • $10,000 Minimum Deposit
  • 1:200 Max Leverage
  • No commission
  • Spreads as low as 0.8 pips

easyMarkets Review: Trading Platform

EasyMarkets gives users an option between two platforms: MetaTrader 4 and its proprietary web-based platform (HTML5) (MT4).

The brand’s platform is rather light and has clarity and simplicity that helps consumers stay focused on trading. However, it can fall short of satisfying more demanding or seasoned traders.

EasyMarkets acknowledges the value of having a quick order execution. Users can trade safely without being concerned about slippage thanks to quick execution. Likewise, the dealers will be able to seize any opportunities with its assistance. 

On the other hand, MetaTrader 4 has a great reputation because it is one of the preferred platforms for online trading.

Without downloading any additional apps or software, consumers may instantly start trading after logging in via the broker’s websites.

MetaTrader4

MetaTrader4 (MT4) has quite a name in the financial markets, and it is the best among the trading platforms for many reasons. With a feature-rich, intuitive user interface and a highly customisable trading environment, the MetaTrader4 software meets all of your trading demands and improves your trading efficiency.

EasyMarkets offers a variety of ways for you to start utilising the MetaTrader 4 platform, including an online web platform.

Mobile Trading

Both the MetaTrader 4 (MT4) mobile app and easy markets mobile app are available. The easyMarkets mobile app has a simple layout and replicates its web-based cousin, including the ability to sync watch lists. One can download the easyMarkets app for iOS and Android straight from the broker’s website, the Play Store, or the App Store.

The mobile app’s charting is powered by Trading View and features the same indicators as the platform’s web-based interface. Overall, the mobile trading interface is straightforward and uncomplicated, although it lacks the depth of features and capabilities seen in the top mobile trading apps.

Trading tools

EasyMarkets offers more than 200 trading tools to support all its traders. The deal Cancellation and Freeze Rate features are two specific tools available through the easy Markets platform. 

The deal Cancellation tool offers you a limited window of opportunity, up to a maximum of six hours, to choose whether to cancel your trade and recover your losses for a modest cost. In addition, one can freeze a quote for three seconds using the Freeze Rate button.

The user’s risked money is restored to their trading account when a trade gets cancelled. However, consumers must know that this feature is not included in the basic easyMarkets configuration and must be purchased separately.

Due to its negative balance protection, easyMarkets is a favourite among many traders. However, investors seeking a diversity of assets are the ones who would benefit from them the most. Therefore, the foundation of easy market is its social and user-friendly trading solutions.

Freeze Rate is a feature that enables users to trade at the frozen price while freezing onscreen prices for a few seconds. Since every second counts and a trade’s value can vary quickly, this is especially advantageous for day traders who operate in erratic markets.

EasyMarkets has a lot to offer in terms of information, such as the most recent news headlines and a financial calendar. These features can help to maximise revenues and are crucial for real-time analysis.

Both of the tools seem appealing, and the broker promotes them for a reason. The platform offers guaranteed stop-loss orders (GSLO) for free, whereas most brokers charge a little extra. But, again, this is done to benefit less experienced traders.

Trading Instruments

More than 200 instruments and 150 currency pairs are among the many trading assets available on easyMarkets. But the accessibility of these resources differs by jurisdiction. However, it’s important to keep in mind that depending on the trader’s nation of residence, not all instruments will be accessible to you.

They also offer access to a variety of markets, including those for cryptocurrencies, equities, indices, commodities, metals, and Forex currency pairs. Currently, easyMarkets provides trading alternatives like CFDs, on-orders, and standard options.

Spreads and Commission

For Forex traders, commission percentages on easyMarkets are rather modest, and they typically fall in line with the industry average for CFD trades. In addition, users can check spreads and prices for free, and they are transparent.

There are fixed spreads on both the web platform and MT4, and trading expenses might vary depending on the type of account a user chooses. Although the accounts that each trader has access to will vary depending on their location, choosing an account type can also have an impact on spreads.

Leverage

The leverage rates at easyMarkets vary according to the type of trades. Additionally, they differ based on the type of account and the trader’s location. Please be aware that leverage gets never allotted directly. Instead, the broker will decide on leverage based on a user’s prior trading history, their unique experience, customer loyalty, as well as several other variables, including their location.

Maximum leverage is 1:30 for traders in the EU for the majority of the major Forex pairs. That covers important trading pairs like EUR/USD. Regulations mandate this leverage level, which is typically the same for the majority of the big, regulated brokers.

Payment Methods

Deposits

According to our easyMarkets review, the broker is appropriate for consumers everywhere because it accepts a wide range of online banking options for payment.

You can deposit money through eWallets like Neteller, Skrill, Fasapay, and more, as well as bank payments like SOFORT and more.

For deposits and withdrawals, users can also choose to use bank transfers. These transfers can take up to three working days. But, again, there are no commission fees associated with financing your account, and the majority of deposit methods are processed promptly.

Before any payments are authorised, account holders must confirm the regulatory procedures.

It is necessary to provide both identity and address proof. EasyMarkets also ask for proof if you use a credit card to finance the account.

Withdrawals

EasyMarkets provides a range of withdrawal options, just like for deposits. But withdrawals have to be processed using the same method as the initial deposit.

The smallest withdrawal is £50. The platform processes payments on time. The accurate documentation of every withdrawal enables users to keep track of their history.

Since easyMarkets does not currently impose withdrawal fees, it is a popular option among traders all around the world. However, users should check the official website to confirm that they can make a withdrawal in their preferred currency since the company is constantly adding new ones.

Customer Support

easyMarkets offers well-responsive customer support for the convenience of its clients. You can get in touch with the customer service team through live chat, WhatsApp, social media pages and email.

The online chat representatives are highly attentive and typically answer questions in under 20 seconds. In addition, online assistants are knowledgeable and ready to help. Usually, emails receive a response within two to three hours.

Final Verdict

According to our EasyMarkets review, the platform is a reputable broker with nearly 20 years of trading expertise under its belt; it is a straightforward but welcome platform that has several advantages over its rivals.

Importantly, numerous financial behaviour authorities govern it all around the world. That not only offers its users security and protection but also shows that easyMarkets is eager to conduct business honestly and openly. InvestBy is a good alternative to easyMarkets if you are looking for forex trading or investing in any other asset class.

When it comes to usability, the website places a big emphasis on making sure users can traverse it fast and easily while completing deals. In addition, the portal itself offers a decent selection of various accounts and products. So whatever kind of trader you are, you should be able to find something here to satisfy and possibly exceed your needs. With so many advantages, it’s simple to understand why easyMarkets is so well-liked.

FAQs

Is easyMarkets regulated?

Yes, easyMarkets, being the most trusted brokerage platform, is being regulated by three top-tier financial regulators, including the Australian Securities & Investments Commission (ASIC) and Cyprus Securities and Exchange Commission (CySEC) and Financial Service Authority (FSA). 

Is easyMarkets a good platform?

EasyMarkets is an award-winning trading platform that offers tight fixed spreads, negative balance protection, guaranteed stop loss orders and no slippage trading. Hence, it can be considered a good platform. 

What do I get with the easyMarkets VIP account?

The account holders of the easyMarkets VIP account gain access to specialized features, innovative trading conditions, tighter fixed spreads and a full suite of real-time technical analysis tools.

Where is easyMarkets based?

The headquarters of easyMarkets is located in Limassol, Limassol, Cyprus.

Is easyMarkets safe?

easyMarkets is absolutely safe to trade with as the platform holds clients’ funds in segregated bank accounts away from company’s funds. 

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