easyMarkets Review 2023: Pros, Cons and Detailed Features

easymarkets review

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easyMarkets, a Cyprus-based brokerage platform, is making headlines these days for its customer-centric services and intuitive features. But Is it worth the hype? Let’s find it out with this detailed easyMarkets Review 2023.

The most common queries in traders’ minds while choosing a trading platform remain its reliability, fee and user interface. But how can anyone judge these aspects in one go? This is where reviews come to the rescue. Like in this easyMarkets review, we will be deeply analyzing the broker to determine whether its services are worth trying.

The detailed easyMarkets Review 2023 will highlight the broker’s features, such as the account types, the trading platform’s operation, fees, and pros & cons. We’ll also go into detail about any bonus deals that are now available.

What is easyMarkets?

easyMarkets is a global online financial trading platform and multi-asset broker founded in 2001. Since its inception, the broker has grown to its full potential and is currently offering to trade on CFDs, Forex, Commodities, Indices, Stocks and Cryptocurrencies.

easyMarkets is a great option for traders seeking a modest selection of affordable services. It provides third-party, white-label offerings for its programs.

Along with everything else, the broker offers new and experienced traders various advantages that enhance their trading experience.

easyMarkets Review 2023: Pros and Cons

ProsCons
No trading commissionNot available for US residents
Dedicated customer support
No slippage
Negative balance protection
Competitive spreads
Free guaranteed Stop Loss 

Is easyMarkets A Scam?

No, easyMarkets is a reliable broker online as it complies with the rules and regulations of various regulatory bodies like CySEC, ASIC, and the BVI. Therefore, it is a secure option for CFD and forex trading.

As a CySEC-regulated broker, easyMarkets can accept traders from the UK and the rest of the EU. Additionally, the Australian Securities & Investments Commission oversees the company in Australia (ASIC) under license number 07907.

In general, the company has a solid reputation, especially with its existing users. In addition, the user reviews of the platform also indicate it to be a legit forex broker.

Is It Safe To Trade With easyMarkets?

Yes, easyMarkets is a safe trading platform as it has a strong set of policies to guarantee ethical trading. It delivers an industry-standard secure socket layer (SSL) for information encryption.

The platform also offers 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.

Under its privacy policy, the platform doesn’t share client information with any other organisations or people in compliance with the company’s privacy policies comprised of credit history and other financial data.

easyMarkets Review 2023: What Are The Account Types Available?

The business offers different account offerings for its European and Non-European customers. While former ones are limited to just VIP Accounts, Non-EU traders can access three account types.

However, every account holder on the platform can gain trading insights from daily technical and fundamental research as well as trading indicators. The spread varies with the account tier. 

Let’s take a look at the features of each account type through this easyMarkets Review 2023.

Standard Account

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

Premium Account 

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

VIP Account

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

How To Open An Account On easyMarkets? 

The signup process on easyMarkets is relatively simple and quick; all you need to do is just follow these steps:

  • Go to – www.easymarkets. com and tap on the ‘Sign Up’ icon. 
  • Now, fill in your details and tap on ‘Sign Up”.
  • Select your country. Congratulations! You have successfully activated your account
  • You can verify your account lately post registration. 
  • Upon verification, sign in to your account using the easyMarkets login credentials.

easyMarkets Review 2023: Available Trading Platform

EasyMarkets gives users an option between plenty of trading platforms to choose from. They can choose between MT4, MT5, Tradingview and an intuitive mobile application. In this section of easyMarkets Review 2023, we will shed light on the features of each trading platform it offers:

easyMarkets Platform

The broker’s proprietary platform is clean and simple, which helps traders 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. Thanks to quick execution, users can trade safely without being concerned about slippage. Likewise, the dealers will be able to seize any opportunities with its assistance. 

TradingView

It is one of the most common trading platforms in use now. The platform is preferred by both beginner and professional traders. Its simplicity and low system requirements are what every trader is fond of using it. Additionally, you don’t need to download or install any software to run this platform.

MetaTrader4

MetaTrader4 (MT4) is the best among the trading platforms for many reasons. With a feature-rich, intuitive user interface and a highly customizable 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 utilizing the MetaTrader 4 platform, including an online web platform.

MetaTrader5

The MT5 platform offered by the broker includes advanced features like 21 Different Chart Timeframes from 1 min to 1 month, 38 in-built technical indicators, expert advisors, and access to 20+ years of historical data.

easyMarkets App

easyMarkets mobile app has a simple layout and replicates its web-based counterpart, 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 TradingView 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.

easyMarkets Review 2023: Available Trading Tools & Features

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. 

dealCancellation

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 canceled. However, trader must know that this feature is not included in the basic easyMarkets configuration and must be purchased separately.

Negative Balance Protection

Due to its negative balance protection, easyMarkets is a favorite 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

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.

Other Tools

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 maximize 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.

easyMarkets Review 2023: What Can you Trade On The Platform?

More than 200 instruments and 150 currency pairs are among the major 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.

EasyMarkets Fees, Spreads and Commissions

Tradable Instruments
Fixed Spreads (Starting)
Variable Spreads (Starting)
easyMarkets Web / App & TradingViewMT4MT5
Forex 0.8-2500.7-2000.3-39.6
Metal40-250035-235015-745
Commodities4-2003-1802-50
Indices1-250.75-210.55-11
Cryptos0.005-500.004-1.50.0039-15.1
Shares0.15-0.90.9-1.40.5-0.24

EasyMarkets Review 2023: Maximum Leverage

Trading InstrumentMaximum Leverage
easyMarkets App / Web & TradingViewMT4MT5
Forex1:2001:4001:500
Metals1:2001:4001:500
Commodities1:1001:2001:200
Indices1:1001:1001:100
Currencies1:501:201:20
Shares1:201:201:20

The leverage rates at easyMarkets vary according to the type of trade. Additionally, they differ based on the type of account and the trading instrument.

easyMarkets Review 2023: Payment Method For Deposits & Withdrawals

According to our easyMarkets review, the broker is convenient for global users because it accepts a wide range of online payment options.

Deposits Methods

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 authorized, 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.

easyMarkets Review 2023: Withdrawals Options

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.

easyMarkets Review 2023: Research & Educational Support

There are plenty of options available for educational and research purposes. These tools are free-to-use; however, you must have an account with the platform.

Educational Support

  • Trading Courses
  • Free e-books
  • Knowledge Base
  • Trading Glossary
  • Economic Indicators
  • FAQs

Research Resources

  • dealCancellation
  • Freeze Rate
  • Market News
  • Trading Charts
  • Live Currency rates
  • Financial Calendar
  • Trading Hours
  • Earning Session

easyMarkets Review: Promotions, Bonuses & Offers

The bonuses and promotional programs the broker runs are generous but subject to change from time to time. So, its best to check out for new offers before you proceed with the platform.

Here’s a lists of ongoing bonuses and promotional programs offered by easyMarkets:

easyMarkets Bonus

There is a sign up bonus of 50% or up to $2000 on your first deposit.

Refer A Friend Program

The easyMarkets refer and earn program allows its existing users to earn passively by just introducing their contacts to the platform. Here’s detailed information on the referral program:

Referral Initial Deposit30-day TurnoverYour Credit
USD 5,000+USD 2,000,000USD 750
USD 2,500+USD 800,000USD 400
USD 1,000+USD 400,000USD 200
USD 250+USD 100,000USD 50
USD 100+USD 50,000USD 25

Review of easyMarkets Affiliate Program

For a business looking for profitable opportunities, easyMarkets also have a plan for them. They can connect to the broker through the platform’s affiliate program and earn passively.

Commission PlansCost Per Activated User (CPA)
Best Deal$1000
TOP Tier 1 Countries$600
Tier 1 Countries$400
Tier 2 Countries$200

easyMarkets Review 2023: 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.

Here’s how you can connect with easyMarkets customer support:

  • Email – [email protected][email protected] 
  • Address – EF Worldwide Ltd, Trinity Chambers, Road Town, Tortola, PO Box 4301, British Virgin Islands.
  • Live Chat
  • Social Networks – Facebook, Viber, Whatsapp

Final Verdict on easyMarkets Review 2023

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

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.

However, the customer support and limited selection of trading instruments are where this broker needs improvement. So, for a better option, you can go for InvestFW. The platform offers 250+ tradable instruments across all major markets, with round-the-clock customer support.

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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