EASYMARKETS REVIEW 2023: SHOULD YOU SIGN UP WITH THE BROKER?

In 2001, EasyMarkets began its journey as easy-forex.  The founders have one thing in mind: to change the trading environment by adding innovation. Most of you were young in 2001… or maybe not even born yet (Man, I feel old). For those who can’t remember the internet in 2001, it was kind of boring and slow, and the only way to trade was through the trading room.

EasyMarkets changed the game and provided an online trading platform. The minimum deposit was $25, and that’s still the same today. They also accepted the deposits through a credit card in 2001, which was forward-thinking for that time. Fast-forward to 2016, the broker change from easy-forex to EasyMarkets.

easyMarkets homepage

The broker kept modernizing, introducing several features you can’t find elsewhere. Some examples are tools like free-guaranteed stop-loss, freezing rate, and deal cancellation. Fun fact: EasyMarkets is an official partner of Real Madrid CF. The firm has earned several awards now, including:

• Steady Development in comprehensive operation
• Most Trusted Forex Broker in the Middle East.

The broker is available in more than 150 countries. However, I’m sorry to tell you that you can’t open an account if you are from the US, Canada (some parts), Japan, Iran, North Korea, Syria, and other countries. You can check the complete list through the broker’s website.

WHAT ARE EASYMARKETS’ REGULATIONS?

EasyMarkets has a long history, as we learned in the previous section. But it’s important to check a broker’s regulations before trading. EasyMarkets has three homepages; international, EU, and Australia. Each one has different regulations. The broker has regulations from:

ASIC (Australian Securities and Investment Commission),

CySEC (Cyprus Securities and Exchange Commission),

FSA (Financial Services Authority), and

FSC (Financial Services Commission).

International clients come under the FSA and FSC regulations. The Australian clients come under the ASIC, and the European users come under CySEC. This information is important before opening an account, as regulation does matter.

easyMarkets regulations 

Other Cysec regulated brokers include AAATrade and ThinkMarkets.

HOW DOES EASYMARKETS WORK? 

We’ve covered the regulations of the firm. But what trading assets are available? EasyMarkets provides plenty of tradable assets across six categories, which include forex, stocks, indices, cryptos, commodities, and metals. Let’s look at each category in detail.

Forex

• EUR/USD
• GBP/USD
• AUD/USD
• USD/JPY
•  USD/CAD, and more.

Stocks

• Intel
• Amazon
• Ford
• Tesla, and more.

Indices 

• S&P 500
• FTSE
• DAX
• NIKKEI
• NASDAQ, and more.

Metals

• Gold
• Silver
• Platinum
• Copper
• Palladium

 Commodities 

• Oil
• Gas
• Agricultural products

Cryptos

• BTC
• ETH
• XRP
• ALGO, and more.

EasyMarkets is one of the few prominent brokers that provides traders with fixed spreads. It is useful to know how much your transactions will cost. Spreads on major forex pairs, such as the EUR/USD and GBP/USD, begin at 0.9 pips.

easyMarkets product page

HOW DOES THE EASYMARKETS PLATFORM WORK?

To trade all these assets, you need a platform. As an innovative broker, EasyMarkets provides plenty of platforms. I do like their native platform, but there are also other options available. EasyMarkets offers four trading platforms:

• EasyMarket platform
• TradingView
• MT4
• MT5

Let’s talk about all of them.

EASYMARKET PLATFORM

EasyMarket has a native platform, which is extremely beginner-friendly. On the trading platform, you’ll find:

• market sentiment indicator,
• a freeze rate tool,
• and the dealCancellation feature.

dealCancellation

The dealCancellation feature performs precisely what its name implies. If you make a mistake and initiate a position that begins to lose money, you can end that position and get your losses back for a modest cost. This is a great feature to have while you’re still getting a feel for how trading works.

Freeze rate 

The Freeze rate allows you to temporarily freeze a rate on a certain asset to give yourself time to enter that position. It is perfect if you are trading in volatile markets and identify a low position that you believe will not last long.

You can also use the easyTrade feature with the platform, which allows you to minimize risk while increasing your potential gain without margin requirements or spreads. The platform is available on the web and mobile versions (more on the mobile app later).

easyMarket web platform

MT4

If you’re familiar with trading, you’ll know of MT. The MetaTrader 4, aka MT4, is the pioneer of trading platforms. EasyMarkets’ MT4 platform comes with all the handy features like:

• One-click trading,
• A variety of tools and indicators,
• Custom trading templates,
• Over 20 years of historical data for backtesting.

In addition, you can open a Bitcoin account with the MT4 platform. The Bitcoin base account has BTC as a base currency, and you can trade more than 275 assets. MT4 is also provided by other brokers like Alpari and JustMarkets.

MT4 platform

MT5

The MetaTrader 5 is the successor of MT4 and provides more robust features than its predecessor. These are ideal for more experienced traders. Some of the features of EasyMarkets MT5 include:

• 21 Different Chart Time Frames from 1 minute to 1 month
• 38 built-in technical indicators
• Access to expert advisors
• The ability to download 20+ years of historical data

MT5 platform

TRADINGVIEW

Tradingview (TV) is a godsend when it comes to trading. It provides various tools and features to smooth the overall trading process. Fortunately, EasyMarkets has an integration with TV. You can have:

• Social Network for Traders
• Advanced Charting
• Deep Market Insights

easyMarkets Tradingview 

MOBILE APP

EasyMarkets provides a native mobile app which offers the same features as the web version. It is available on both the Google play store and Apple store.

easyMarkets mobile app

WHAT TRADING INDICATORS ARE AVAILABLE?

As an active trader, technical trading is essential for success. We need technical indicators to inform our trades. EasyMarkets offers plenty of trading indicators across all platforms. Some of the available indicators are:

• MACD
• Moving Averages
• RSI
• Bollinger Bands
• VWAP, and many more.

EasyMarkets provides five account types:

• Standard
• VIP
• Premium
• Profession
• Islamic

Let’s compare each one.

1. STANDARD ACCOUNT

The Standard account is the basic account you can get at EasyMarkets. There is a $25 minimum deposit, and you can have a maximum leverage of 1:500. There is a fixed spread that starts from 1.7. I think it’s ideal for beginners who wish to get started with a low deposit.

2. PREMIUM ACCOUNT

The premium account has a minimum deposit of $2000 and has no extra fees. You can open the account with the maximum leverage of 1:500, and spreads start from 1.2 pips.

3. PREMIUM

The VIP account is an upgraded version of the premium account. You can open the account with the maximum leverage of 1:500, and spreads start from 0.7 pips. Besides, you can have 24/5 phone and live chat trading. This account allows you to place your trades directly through phone or live chat.

easyMarkets account types

If you are looking for a lower spread broker, see IC Markets or Alpari.

3. PROFESSIONAL

If you want options other than retail trading, you can join the experts by opening a professional account. This account is only available for UK and European traders. To open the account, you must have:

• An average of 10 large trades every quarter in the past year.
• A financial instrument portfolio worth more than €500,000.
• Relevant experience in the financial markets.

If you become eligible, you can start trading like a pro.

4. SWAP-FREE

The swap-free or Islamic account offers zero swap rates. It is Sharia-compliant and follows the no-swap principles of Islam. To open the account, you need to contact the support team first.

DOES EASYMARKETS OFFER A DEMO ACCOUNT?

If you aren’t ready for live accounts, you can instead open a paper trading/demo account. Yes, EasyMarkets does provide a demo account. The cool thing is that you can demo trade on any platform for an unlimited time.

In addition to its stringent regulations, EasyMarkets takes plenty of measures to provide a safe trading environment:

• Segregated funds
• Investor Compensation Fund (ICF) protection.
• Top-tier insurance and banking partners
• Risk management

These security measures are enough to put most experienced traders’ worries to rest.

easyMarkets safety

EasyMarkets’s headquarters is located at 1 Griva Digheni Limassol CY, 3035, Cyprus.

The international address of the broker is Trinity Chambers, PO Box 4301,
Road Town, Tortola, British Virgin Islands.

They also have offices in Sydney, Australia, and a marketing office in Shanghai, China.

The deposit methods available at EasyMarkets are:

• Credit/Debit Cards (available in all countries)
• Online banking (available in some countries)
• Skrill (available in some countries)
• Neteller (available in some countries)
• Fasapay (available in Indonesia only)
• Stickpay (available in all countries excluding Europe and APAC)
• Webmoney (available in all countries excluding Europe and APAC)
• Bitwallet (available in Japan only)
• Bank wire transfer (China only)

Depositing through your card is instant. Bank wires can take 3 business days, while third-party apps’ payment methods can take 24 hours.

HOW TO WITHDRAW FUNDS FROM THE EASYMARKETS ACCOUNT?

Are the withdrawal methods the same on EasyMarkets as deposit methods? Are there any additional fees? EasyMarkets has the same withdrawal methods as deposits. It also takes the same amount of time. There are no additional fees for withdrawals or deposits.

easyMarkets payment methods

There are several ways to contact the broker. You can call their service number, use the live chat, or email them. They also have a helpful FAQ page where you can find answers to common questions. You can also contact them through social media.

easyMarkets contact page

EasyMarkets offer promos through partnerships. The broker offers three types of partnerships:

• Affiliates
• Introducing brokers (IBs),
• Referring a friend.

Each program has specific requirements, and you should check them before signing up. You can find all the info you need here.

easyMarkets partnership

DOES EASYMARKETS OFFER BONUSES?

Everyone loves free stuff. Let’s take a look at EasyMarkets’ available bonuses. EasyMarkets provides a first deposit bonus. You can get 50% or up to a $2000 bonus on your initial deposit.

EasyMarkets has been around for quite some time, and I joined the broker in 2015. I joined because EasyMarkets had some innovative features, especially at the time, such as the EasyTrade option which lets you trade with minimum risks (more on that later).

I also liked the various account types and the fact that the minimum deposit was only $25. Let’s see what others have to say:

How good is easyMarkets?

Easymarkets is an excellent broker regarding trading fees, security, and other factors. For these reasons, they are a popular choice among many large forex brokers.

Is EasyMarkets a market maker?

Yes, it is! Market makers give liquidity and depth to markets while profiting from the bid-ask spread difference. EasyMarkets fits these criteria.

Who owns EasyMarkets?

EasyMarkets is part of EF Worldwide LTD and Blue Capital Markets Group.

Is EasyMarkets regulated in South Africa?

No, it unfortunately is not. The broker has regulations from Australia, Cyprus, Seychelles, and the British Virgin Islands.

Does EasyMarkets charge taxes on profits?

No, EasyMarkets is not a tax regulator, and therefore does not charge taxes.

FINAL THOUGHTS

EasyMarkets offers plenty of features that aren’t available elsewhere. EasyMarkets’ array of tools, adherence to regulations, variety of platforms, responsive customer support, types of assets, and versatile account types stand out as appealing for traders. On the downside, the broker isn’t available in the US, and spreads are higher than others.

Overall, I would give it a 4.1/5. I hope this review was informative and time-saving for you. If you are looking for forex brokers other than easyMarkets, you can check the complete list of brokers here.

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