easyMarkets is a platform that allows users to trade CFDs on commodities, forex, shares, indices, and cryptocurrency. This easyMarkets review will highlight the sort of features the broker offers, including the types of accounts available, whether there are any demo account facilities, and how the trading platform functions. We will also go into detail regarding any current bonus offers and compare key elements of the service to its rival firms (for example, minimum deposit and trade amounts).
easyMarkets Overview
easyMarkets is a well-established online broker that was founded in 2001. They are regulated by several financial authorities, including the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC). Their main goal is to provide simple, transparent trading options for beginners and experienced traders alike.
The company offers a wide range of financial products, including forex, commodities, indices, and cryptocurrencies. With more than 20 years in the business, easyMarkets has built a reputation for providing a user-friendly experience, solid customer support, and innovative trading tools.
Key Features of easyMarkets
Regulation
easyMarkets operates under strong regulatory frameworks, which ensures safety and transparency. They are regulated by CySEC and ASIC, two reputable authorities in the world of finance. This means they must follow strict rules and guidelines to protect their clients.
Trading Platforms
Whether you’re new to trading or an experienced trader, you’ll find easyMarkets platforms easy to use. The company offers three main trading platforms.
- Web Trading Platform: Intuitive and perfect for beginners.
- MT4 (MetaTrader 4): Widely used in the industry with advanced tools for more seasoned traders.
- Mobile App: Trade on the go with their iOS and Android apps. Each platform provides real-time charts, analysis tools, and the ability to trade directly from the platform with ease.
Assets
With easyMarkets, you can trade over 200+ financial instruments. This includes
- Forex Pairs: Trade major, minor, and exotic currency pairs.
- Commodities: Gold, silver, oil, and other popular commodities.
- Indices: Major indices like the NASDAQ and FTSE.
- Cryptocurrencies: Bitcoin, Ethereum, and other digital assets. This variety allows traders to diversify their portfolios and reduce risk.
Spreads and Commission
One of the biggest advantages of easyMarkets is the fixed spreads. Unlike brokers that offer variable spreads, which can widen during high market volatility, easyMarkets provides fixed spreads. This means you always know your trading costs upfront, allowing for better risk management.
Slippage
Another unique feature easyMarkets offers is no slippage. Slippage occurs when the price at which your order is executed differs from the price you expected, usually due to fast market movements. With easyMarkets, you’ll always get the price you see, making it ideal for traders who value price certainty.
Fees and Trading Costs
While easyMarkets does not charge commissions on trades, they do make money from spreads. However, the benefit here is that spreads are fixed, and as a trader, you know your costs upfront. This can be an advantage for those looking to keep trading fees low and predictable.
There are also no hidden fees for deposits or withdrawals, though it’s always good to check with your payment provider for any charges on their side.
Trading Tools
easyMarkets stands out with its innovative trading tools that make trading easier and more efficient:
- DealCancellation: This tool allows you to cancel a trade within 1, 3, or 6 hours after you place it if the market moves against you. It’s like having insurance for your trades!
- Freeze Rate: With this feature, you can freeze the current rate for a few seconds before placing your trade. This gives you more control over your entry point.
- Negative Balance Protection: This feature ensures that you will never lose more than your initial deposit. If the market moves sharply against you, easyMarkets will cover any losses that go beyond your account balance.
easyMarkets Account Types
easyMarkets offers a range of account types to suit different traders:
- Standard Account: This is suitable for beginners with a minimum deposit of just $100.
- Premium Account: Designed for more experienced traders who want better spreads and access to a personal account manager.
- VIP Account: This account is for high-volume traders and comes with premium benefits like tighter spreads and personalized service.
Additionally, easyMarkets offers Islamic Accounts for traders who follow Sharia law, ensuring they comply with their religious beliefs while trading.
Customer Support
Customer support is a crucial factor in choosing any broker, and easyMarkets excels in this area. They offer 24/5 customer support via:
- Live Chat: Available on their website.
- Phone Support: Multiple international numbers to serve clients from different regions.
- Email Support: Fast and responsive.
Their customer service is available in multiple languages, making it accessible to traders worldwide.
Pros and Cons of easyMarkets
Here’s a table outlining the pros and cons of easyMarkets forex broker:
| Pros | Cons |
|---|---|
| Fixed spreads – Offers fixed spreads for transparency and consistency in pricing. | Limited asset range – Doesn’t offer as many asset classes as some competitors. |
| No slippage – Ensures trades are executed at the price you see. | Higher minimum deposit compared to some brokers ($100 for standard accounts). |
| Negative balance protection – Ensures you won’t lose more than your deposit. | No ECN accounts – Limits options for traders who prefer direct market access. |
| Risk management tools – Free guaranteed stop loss, no slippage, and dealCancellation feature. | Limited leverage – Offers lower leverage compared to some brokers, especially for retail traders. |
| User-friendly platform – Available on web, mobile, and MetaTrader 4 (MT4). | Non-scalping friendly – Not ideal for scalpers due to no ECN and no slippage policies. |
| Free educational resources – Offers webinars, tutorials, and market analysis. | Withdrawal fees may apply depending on the method used. |
| Regulated – Overseen by several regulatory bodies, including CySEC, ASIC, and FSA. | Lack of cryptocurrency offerings – Fewer crypto trading options compared to other brokers. |
| 24/5 customer support – Offers multilingual customer service. | No U.S. clients – Not available for U.S. residents. |
| Bonus programs – Frequently offers promotional bonuses to new clients. | Limited advanced trading tools compared to more feature-rich platforms. |
Pros:
- Regulated by CySEC and ASIC, ensuring safety and transparency.
- Fixed spreads with no slippage, offering certainty for traders.
- Innovative tools like DealCancellation and Freeze Rate.
- 200+ assets to trade, including forex, commodities, and cryptocurrencies.
- User-friendly platforms suitable for beginners and advanced traders.
- Excellent customer support.
Cons:
- Some features, like DealCancellation, come with a fee.
- Limited advanced charting tools compared to other brokers.
- No support for MetaTrader 5 (MT5), which is becoming more popular among advanced traders.
Final Thoughts
Overall, easyMarkets is a solid broker, especially for beginners or intermediate traders looking for simplicity, transparency, and fixed spreads. Their trading platforms are easy to use, and their unique tools like DealCancellation and Freeze Rate can be valuable for risk management.
With strong regulation, excellent customer support, and a variety of account types, easyMarkets is a broker worth considering if you want a reliable, no-frills trading experience. While it may lack some advanced features for professional traders, its strengths in simplicity, safety, and transparency make it stand out in the crowded world of online brokers.
FAQs About easyMarkets
Yes, easyMarkets is regulated by CySEC and ASIC, ensuring transparency and client protection.
You can trade forex, commodities, indices, and cryptocurrencies on easyMarkets’ platforms.
No, easyMarkets operates with a commission-free model. They charge fixed spreads instead.
Yes, with the DealCancellation feature, you can cancel a losing trade within a specified time frame for a small fee.
By focusing on these features and benefits, this easyMarkets review should help you determine if this broker aligns with your trading goals. Whether you’re a beginner or a seasoned trader, easyMarkets has plenty to offer.
Top 3 Alternatives to Easy Markets
Compare Easy Markets with the top 3 similar brokers that accept traders from your location.
XM
Founded in 2009, XM has established itself as a prominent broker with a global presence, offering trading in forex, CFDs, and commodities. The brand provides access to over 1,000 financial instruments through user-friendly platforms like MT4 and MT5, catering to both novice and experienced traders. XM is well-known for its competitive spreads and commitment to client education, making it a strong contender in the industry.
HFM
Established in 2010, HFM (formerly HotForex) is a well-regarded forex and CFD broker with a large international client base. It offers access to over 1,000 trading instruments across various platforms, including MT4, MT5, and its proprietary WebTrader. HFM is regulated by multiple authorities, providing a secure trading environment. The broker is recognized for its low trading costs, high leverage options, and extensive educational resources for traders of all levels.
AvaTrade
AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker, which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. With over 1,250 financial instruments available for day trading, from CFDs to AvaOptions and AvaFutures, AvaTrade also features a comprehensive education center and multilingual customer support.
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Editorial Staff at Chweya is a team of financial experts led by Vincent Nyagaka, with over 9 years of experience in finance, commerce, forex, crypto, and marketing. Started in 2014, Chweya is now among the largest free financial resource sites in the industry and is often referred to as Wikipedia for business.
