tradingcritique.com helps people to make the best decision they can about when, where, and, how to invest. We’ll check every aspect that makes easyMarkets, the best choice for modern traders through this Broker review.
easyMarkets is an online trading platform for derivatives like Contracts for difference (CFD). It offers CFD trading in a wide range of asset classes such as Forex, cryptocurrencies, indices, agricultural goods, metals, and energy.
Table 1: easyMarkets Overview
| easyMarkets Highlights | ||
|---|---|---|
| Regulated By | The Australian Securities & Investments Commission (ASIC)Australia | |
| The Cyprus Securities and Exchange Commission (CySEC)Cyprus | ||
| The British Virgin Islands Financial Commission (BVI)UK | ||
| The Financial Services Authority of Seychelles (FSA)Seychelles | ||
| Account Types | Standard Account Premium Account VIP Account | |
| Demo account | YES | |
| Minimum deposit | $100 | |
| Maximum Leverage | 1:30 | |
| Deposit and Withdrawal Method | Bank Transfer Master card VISA Maestro American Express Astropay FasaPay Neteller Skrill BPay | Bitcoin Cryptocurrency Perfect Money MyFatoorah UnionPay WeChat Pay SoFort GiroPay iDeal Web Money |
| Account Base Currencies | USD, EUR, GBP, CAD, JPY, NOK, CHF, NZD, CNY, AUD, PLN, SGD, ZAR, CZK, MXN, TRY, HKD, SEK, BTC | |
| Customer Support | 24/5 | |
| Fees | Details | |
| Trading fee | YES | |
| Currency Conversion fee | YES | |
| Inactive fee | NO | |
| Deposit fee | NO | |
| Withdrawal fee | NO | |
| Commission | NO | |
| Market Instruments | Details | |
| Forex CFD | YES | |
| Shares CFD | YES | |
| Indices CFD | YES | |
| Commodities CFD | YES | |
| Metals CFD | YES | |
| Cryptocurrencies CFD | YES | |
| Trading platforms | Details | |
| Meta Trader 4 | YES | |
| Web Platform | YES | |
| Mobile Platform | YES | |
easyMarkets broker Review- An Intro
easyMarkets is a multi-asset broker and online financial trading platform which was founded in 2001. EF Worldwide Limited is the brand name of the Easy market.
It provides three types of trading accounts: Premium Account, VIP Account, and Standard Account. It supports trading in over 150 countries and over 200 assets across six asset classes on mobile, desktop, and other platforms.
The most useful tool in the Easy market is deal cancellation which allows losing trades to be cancelled for up to 1, 3 & 6 hours.
Regulations and Trustability Review of easyMarkets broker
easyMarkets is established in 2001 and is regulated by the ASIC, CySEC, BVI, and FSA. It is authorized by one tier -1 regulator (high trust), one tier -2 regulator (average trust), and one tier -3 regulator (low trust).
The easyMarkets website is operated by EF Worldwide Limited which is the part of blue capital markets group. The funds of clients are held in a segregated bank account of the client. It also gives Negative Balance Protection.
Table 2: Regulatory bodies that regulate easyMarkets
| Countries | Regulated by | Registration number | Company Details |
|---|---|---|---|
| Seychelles | The Financial Services Authority of Seychelles | SD056 | EF Worldwide Limited(Registration No- 2031075)Headquarters Cyprus |
| Cyprus | The Cyprus Securities and Exchange Commission (CySEC) | 079/07 | |
| Australia | The Australian Securities & Investments Commission (ASIC) | 246566 | |
| UK | The British Virgin Islands (BIV) | SIBA/L/20/1135 |
Review on Accepted and Forbidden countries of easyMarkets broker
Some countries accept easyMarkets. But it is not allowed in other countries. Check the list of Countries that Accept and forbid the usage of the easyMarkets platform in Table 3.
Table 3: Countries that Accepted and forbid the usage of countries of easy Market
| Countries that Accept easyMarkets | Countries that forbid easyMarkets | |
|---|---|---|
| Austria Denmark Kuwait Denmark Italy Romania Portugal Poland Sweden Spain Slovenia Slovakia Norway Germany France South Africa Malta Luxembourg Lithuania Greece Belgium Estonia Finland Hungary Bulgaria Cyprus Croatia Iceland Ireland Latvia Australia South Africa Seychelles The British Virgin Islands The United Kingdom The Netherlands the Czech Republic Liechtenstein | Iran Iraq Israel Manitoba Quebec Ontario British Columbia North Korea The United States Yemen Sudan Syria Myanmar Somalia Ontario Manitoba Haiti Honduras Laos Libya | Afghanistan Anguilla Burundi Cambodia Cayman Islands Chad Congo Cuba Dominica Equatorial Guinea Fiji Guinea-Bissau Mozambique Nicaragua North Korea Palau Panama South Sudan The Democratic Republic of the Congo |
Review on Awards won by easyMarkets broker
The Platform evolved to encompass the remarkable changes in the trading industry and is veryresponsible for traders’ needs. It has been offering its unique proprietary platform and services since 2001 and has won many awards across the world.
Table 4: Awards won by easyMarkets
| Awards won by easyMarkets | Awarded By |
|---|---|
| Best Forex trading Investigation 2021 | FxScouts.com |
| Best Forex trading app | A Smart vision Investment app |
| Best forex trading innovation 2020 | FxScouts.com |
| Best forex broker 2019 | The Forex Expo -Dubai |
| Best APAC Region broker 2018 | ADVFN International Financial awards |
| Most Innovative broker 2018 | World Finance Markets Awards |
| Most transparent broker 2017 | Forex-Awards |
| Best Forex Service Provider | FXWord China |
| Best trusted by investors | World business outlook |
| Best trading platform | World business outlook |
| Dobra Marka 2017 Poland | World business outlook |
| Best trading platform Poland 2016 | Finance derivative awards |
| Best trading platform UK 2016 | Global business review magazine |
| Excellent trading platform | tejaraforex.com |
| Golden consumer award | Pipsofx.com |
| Best partner program Europe 2015 | Pipsofx.com |
| Annual innovative products & services | Finance derivative awards |
| Best broker 2013 | International business magazine |
| Best broker of the year 2013 | Global business review magazine |
| Best dealing room 2013 | Finance derivative awards |
| Best forex broker 2013 Poland | Global Financial market awards 2013 |
| Best forex customer service provider 2013 | 12 the Mena Forex Awards |
| Smart investor blue ribbon awards 2013 | AFR |
| Best FX trading platform 2013 | Nanjing expo |
| Best innovative forex platform2013 | COTS |
| Best new product 2013 | www.51credit.com |
| Best professional forex investment platform 2013 | 2013 money fair |
| Forex company that most trusted by clients 2012 | JRJ.com |
| Best customer service 2012 | London investor show Forex Awards 2012 |
| Best forex broker 2012 | eastmoney.com |
| Best forex education 2012 | UK forex awards 2012 |
| Best FX Broker 2012 | East money |
| Best FX Broker 2012 | Guangzhou financial expo |
| Best FX platform 2012 | London investor show FOREX awards 2012 |
| Best FX retail broker 2012 | London investor show FOREX awards 2012 |
| Best FX services provider 2012 | China financial awards |
| Best FX training provider 2012 | London investor show FOREX Awards 2012 |
| Best online broker, Eastern Europe 2012 | World finance awards 2012 |
| The fast 50 business award winners 2012 | Fast Money |
| Best FxNews and analysis provider 2012 | AG Arabcom Group |
| Best retail Fx provider 2010 | AG Arabcom Group |
Market Assets and Products Review of easyMarkets broker
easyMarkets offers plenty of financial instruments to choose from for trading. These financial assets will vary depending upon the country of the trader and all the assets may not be available. It offers more than 200 products to trade which are divided into 6 varieties.
Financial Instruments available in easyMarkets to trade:
Forex
In easyMarkets you can trade in more than 60 currency pairs through forward markets, CFDs, or vanilla options. The maximum leverage of forex pairs is up to 1:200 on the web and app, it is 400:1 in MT4 trading platform.
Table 5: Forex instruments available to trade in easyMarkets
| easyMarkets Forex | ||
|---|---|---|
| Major | Major | Exotics |
| Swiss Franc | Swiss Franc | Israeli ShekelChinese YuanMexican PesoSwedish KronaNorwegian KroneSouth African Rand |
Indices
Indices are considered to be the barometer which shows the health of the world’s economy. In easyMarkets, the indices are classified into US indices, UK and European indices, Australian and Indian indices, and Asian indices.
Table 6: Most traded Indices in easyMarkets
| easyMarket Indices | |
|---|---|
| USD Index India 50 China 50 Japan 225 Hongkong 50 | Swiss 220 UK 100 US 100 UK 100 Germany 30 |
Commodities
It offers 12 commodities which include metals like gold and silver, the non-metals like crude oils and natural gas, and crops like sugar, cocoa, coffee, soya beans, cotton, wheat and corn. The maximum leverage of commodities is up to 1:100.
Table 7: Most traded Commodities in easyMarkets
| easyMarket Commodities | |
|---|---|
| Energy | Agriculture |
| WTI crude Natural gas Heating oil Gas oil Brent oil | CORN COTTON SUGAR WHEAT COCOA |
Shares
easyMarkets only offers 50 shares which is lesser than the other brokers. The maximum leverage of share CFDs is up to 1:20.
Table 8: Most traded shares in easyMarkets
| easyMarkets Shares | ||||
|---|---|---|---|---|
| US | EU | AU | JA | HK |
| Netflix | Amazon | RIO Tinto | Tencent | Toyota |
| Allianz | Siemens | Suncorp | Softbank | AIA |
| L.V.M.H. | National Australia Bank | Honda | HSBC | |
| Apple | Adidas | Macquarie | Mizuno | CNOOC |
| Tesla | Iberdrola | Insurance Australia | Sony | Bank of China |
| Coca-Cola | Commerzbank | Goodman | ||
| Microsoft | BNP Paribas | CSL | ||
| Ford | Bayer | Commonwealth Bank | ||
| McDonald’s | Daimler | BHP | ||
| Intel Corporation | Volkswagen | ANZ Bank | ||
Metals
Metal trading is divided into 4 categories which are Gold and silver, Copper, Copper CFD and Alternative metals. Traders can trade gold and silver using vanilla options and gold & silver against
currencies.
The other metals available for easyMarkets to trade are platinum and palladium. Spot copper can be exchanged for currencies. Copper CFDs can be traded as limit orders with a reserve date in the future. Metals have a maximum leverage of 1:400 on MT4 & 1:200 on the Web and app.
Most traded metals in easyMarkets:
Cryptocurrencies
easyMarkets offers more than 15 cryptocurrencies against the US dollar. It is available only through
CFDs but not available through underlying assets.
Cryptocurrencies are the most recent financial market supplied by easyMarkets. It has large price changes for short periods of time. The maximum leverage of cryptocurrencies is up to 1:20 on MT4 and 1:30 on the web/app.
Table 9: Most traded Cryptocurrencies in easyMarkets
| easyMarket Cryptocurrencies | |
|---|---|
| DOT/USD LNK/USD ZEC/USD OMG/USD | MTC/USD DSH/USD DOG/USD SOL/USD |
Different Trading features available in the easyMarkets broker platform
Different trading features that can be executed in the easyMarkets broker platform are:
Easy trade
EasyMarkets launched its latest innovation easy trade in 2018. It allows the traders to trade without high leverage, spread, and margin requirements in this trade you can choose the maximum risk, and duration of trade and decide whether the rate goes up or down.
EasyTrade is very helpful for traders to place an order quickly. But the only disadvantage is that it has a limited number of financial instruments. This option will automatically expire at the end of the time frame as you set it up as default.
Options
Options offer unlimited rewards while the financial product allows limited risk. The easy trade allows the innovative technology called vanilla options. There are no rolling fees and margin requirements in this method. It can be closed at any time before the option expires and stop-out is impossible.
Forwards
The unique way to trade allows locking the price of an instrument for the future date for up to 30 days. It is used as a hedge against future market movements.
Pending orders
Pending orders allow you to set the rate at which you like to open a trade. It can work as a robust hedge to automate your trading. It protects the traders against market conditions and helps to optimize trading strategy.
CFDs
CFDs allow you to benefit from the rise and fall of the trading instrument. It is risky for beginners to trade in CFDs. You can open or close the positions easily. It can also be used in the easyMarkets trading and risk management tools.
Trading platforms Review of easyMarkets broker
Types of easyMarkets Trading Platforms
This Metatrader 4 version is appropriate for the Web version, Desktop version and Mobile version.
Meta Trader 5
The most popular trading platform is MT5, which is widely known for its quick execution speed,
customizability, range of charting tools, and algorithmic trading. It is developed to trade forex but you can also trade various types of instruments through spread betting and CFDs. It gives guaranteed negative balance protection but traders may experience slippage.
easyMarkets Web version
The web-based platform is the most proprietary platform of the easyMarkets which is a MT4 powered platform. It does not allow the third-party plugin so traders find this web platform helpful. It does not support automatic trading and the user interface looks simple with modern extra features like freeze rate, inside viewer and deal cancellation are available on this platform. The only drawback is that forex traders are charged higher costs.
easyMarkets Desktop version
This desktop platform is more compatible with mobile platforms and web platforms. If you open the trade on the mobile platform, you can also manage the trade with this desktop platform too. It can be very easy when using it on a desktop platform. The data of the trade which is displayed on the mobile is also displayed on the desktop so there is no worry whether your device isn’t close to you or lost.
easyMarkets Mobile version
The mobile trading platform has more features than the MT5 platform. It is available on both mobile software iOS and Android. The mobile platform has limited functionality than the desktop platform. But it allows traders to work from anywhere.
easyMarkets Trading View platform
By linking their easyMarkets accounts directly towards the trading view interface, traders may instantly trade through the social network of the trading view with just one click. It combines tight fixed spreads, regulated trading, and leading conditions with the social network for traders, analytics, and advanced charting.
Traders can share their trading strategies and ideas with other traders using this trading view platform and you can also customize the chart with indicators and overlays.
Review on Account Types of easyMarkets broker
There are 4 types of accounts designed by easyMarkets. The types of accounts available in easyMarkets are:
easyMarkets Standard Account
The minimum deposit for a standard account is $25. This standard account is suitable for beginner
traders because it has a low minimum deposit and wide spreads. In the standard account, the spread starts from 2.0 pips on the easyMarkets platform and 1.9 pips on MT4.
The maximum leverage of a standard account is up to 200:1. The standard account type is fast and
convenient on all platforms and there is no slippage.
easyMarkets Premium Account
The minimum deposit of the premium account is $2000. In the premium account, the spread starts from 1.4 pips on the MT4 platform and 1.5 pips on its proprietary platform. The maximum leverage of a premium account is up to 200:1.
easyMarkets VIP Account
The minimum deposit for the VIP account is $10000. In the VIP account, the spread starts from 0.9 pips on the MT4 platform and 1.2 pips on its easyMarkets proprietary platform. These account holders have access to same-day withdrawals and deposits.
VIP traders have access to real-time technical analysis, technical trading tools, and tighter fixed dealing spread. The guaranteed stop-loss option is available in this account type.
VIP traders have access to experienced market analysts who will help in navigating technical, fundamental, and macroeconomic data. If you have a VIP trading account, you can conduct trades over the phone without using the internet.
Bitcoin Base Currency account
easyMarkets offers a bitcoin account that allows traders to trade more than 275 instruments on both the easyMarkets web, app, MT4 and MT5.
Using this account, traders can trade, withdraw and deposit bitcoin effortlessly. It doesn’t require a FIAT exchange. It is a great option for active crypto investors. They can use a bitcoin account by simply selecting micro bitcoin at the sign-up stage.
Bitcoins can be used to trade all products like day trade, easy trade, and vanilla options. This account is regulated by the cySEC in Europe and ASIC in Australia.
Demo account Review of easyMarkets broker
EasyMarkets offers a Demo account that can be topped off with a virtual amount of $10,000. This Demo account is available to all traders and especially it is recommended for new traders. It can also be useful for experienced traders to test different strategies on live trading platforms for free.
easyMarkets Fees and Commissions Review
easyMarkets does not charge commissions for trade and also no fees for deposit and withdrawal. Since they are a CFD provider, an Overnight fee is charged on every asset to hold a position overnight which is charged at the closing time of the market. This fee depends upon the types of assets. easyMarkets does not charge any inactive fees.
Safety features & Less commission of easyMarkets
The following are the safety features and less commission of easyMarkets:
Negative balance protection
Negative balance protection prevents you from losing more money than you deposited in easyForex. Even in the event of bankruptcy or insolvency, your money is totally secure. You can get an extra benefit of an additional amount of $20000 from the ICF Fund during financial problems.
No slippage
The instrument price can fluctuate significantly during the active market in a few seconds which is due to the server lag. It results in huge losses or gains. So, easy markets platform never allows slippage to increase your bottom line and losses. It is very helpful for traders to execute trades with their choice of price.
Fixed spreads
Most brokers adjust their spreads depending on how markets are active. However, easyMarkets offers fixed spreads for all financial instruments. Fixed spread values are displayed while executing the trades.
Guaranteed stop loss
One of the most widely utilised tools in easyMarkets for preventing runaway losses is the stop loss.
easyMarkets give access to stop loss free of cost for traders. It is a stable feature available across the easyMarkets apps and platforms.
The rate you set for trade is guaranteed to be met and the trades are automatically closed when the market moves against the trader. It sets the maximum risk limit and avoids the unintended losses.
Review on Deposit fees and methods of easyMarkets broker
easyMarkets deposit is free of any fees. You will have to pay the currency conversion fees when you deposit currency other than the base currency.
You can use Bank Transfer, Master card, VISA, sofort, giropay, ideal, web money Maestro, Neteller, Skrill, Bitcoin, myfatoorah American Express, JCB, Astro pay, fasapay, Cryptocurrency, money, union pay, WeChat pay, and bpay for depositing money into your trading account.
The minimum deposit for the easyMarket standard account, premium account, and VIP account is $25, $2000, and $10000 respectively. easyMarkets ensures that all Anti-money laundering rules and regulations are followed. The funding process time varies depending on the funding method.
Review on Withdrawal fees of easyMarkets broker
easyMarkets withdrawal is also fee-free. You can use Bank Transfer, Master card, VISA, Maestro, American Express, JCB, Astro pay, fasapay, Neteller, Skrill, Bitcoin, Cryptocurrency, money, myfatoorah, union pay, WeChat pay, sofort, giropay, ideal, web money and Bpay for withdrawal.
The withdrawal of all profits must be made by bank transfer to the bank account. You should also need to submit the proofs before the withdrawal. $50 is the minimum withdrawal amount to your bank account. But there is no minimum withdrawal amount for wallets and credit/debit card
Bonuses and Promotions Review of easyMarkets broker
easyMarkets offers a Welcome Bonus and also a first deposit bonus of $2000 as a tradable bonus. The welcome bonus is $25 and the first deposit bonus is up to 50% on a $100 deposit.
As part of the Share and Earn policy, you get compensated for the gift when a new trader signs up using your link. You can also obtain a $2500 trade credit that can only be used for trading and cannot be withdrawn.
Customer Support Review of easyMarkets broker
easyMarkets offers customer support via live chat, telephone, email, and fax. The live chat features include WhatsApp, Facebook, Viber, and web-based live chat. Online chat attendants are incredibly responsible within 20 seconds. Emails are answered within two to three hours.
Table 12: customer support service details in easyMarkets
Social media page Links of Charles Stanley
Telephone +35725828899
Twitter https://twitter.com/easyMarkets
Email support@easyMarkets .com
Youtube https://www.youtube.com/easymarkets
Facebook https://www.facebook.com/easyMarkets
Instagram https://www.instagram.com/easyMarkets /
WhatsApp https://api.whatsapp.com/send?phone=442039293848
LinkedIn https://twitter.com/easyMarkets
Education and Research Review of easyMarkets broker
easyMarkets offers a trading glossary, economic indicators, free eBooks, and trading courses. It provides a separate section for research and education.
The Education category is divided into 6 sections, one is the blog section; the other 5 sections are collections of data. The educational section offers a mix of videos and written content and one division is allotted for the psychology of trading.
A separate section for the financial news feed is available on the MT4 trading platform. The blog section which easyMarkets provides in-house content. The research section is unremarkable, and sorely lacking substance. The information provided in the research section can be more efficiently retrieved from within the MT4 trading platform.
Trading tools Review of easyMarkets broker
Trading Tools available in easyMarkets are:
easyMarkets Deal cancellation
This tool enables traders to cancel the deal if the trade is non-profitable. It is very helpful for traders to avoid losses. It allows the clients to cancel the order within 6 hours of making the trade.
This service can be charged with a fee is based on the market volatility of the instrument. This feature appears as a slider button on the web trading platform.
easyMarkets Freeze rate
While trading traders didn’t know when the currency value will rise or fall. Traders can freeze the rate of instruments by activating this freeze rate option. This option is used to execute the trade without taking a risk. You can freeze the live rates to close or open the trades by simply selecting the freeze rate button.
easyMarkets Free Guaranteed Stop loss
Before placing an order, you can choose the risk level by using this risk management feature. This is the best way to trade in an unfavourable market without losing money.
easyMarkets Pending orders
The traders of easyMarkets must select the risk rate, amount, and limit rate. This pending order is used to choose to sell or buy at a predefined rate once the market reaches the preferred rate.
Market analysis tools Review of easyMarkets broker
Market analysis tools Review of easyMarkets broker
easyMarkets Financial calendar
This calendar updates the relevant financial events in easyMarkets. All the events are customized by relevance and time frame.
easyMarkets Market news
Before entering the world of commerce, traders must understand everything there is to know about trade. Information on geopolitical events, macroeconomic statistics, available assets, accolades, and even rumours are provided in this market news section. It helps to learn about important events with a live feed of market news.
easyMarkets Trading charts
Traders can analyze the past price and current price movements of the assets and select the time frame and draw custom graphical elements. Traders can see the live tradable prices, highs 7 lows, and historical price data in a customizable format.
easyMarkets Live currency rates
The market prices in real-time can help you to learn the best time to enter and exit a trade. It helps traders to develop the trader strategy and avoid unnecessary risk. It exactly shows the current rate at which the instrument is being offered to buy or sell. It also shows the lowest instrument prices and high instrument prices.
easyMarkets Trading hours
Trading hours may change due to several factors such as abnormal market conditions which affect liquidity. The trading hours are different for various instruments in various countries. Forex trading and online CFDs are available from Sunday to Friday.
easyMarkets Inside viewer
You can see the other trader’s actions using the market sentiment indicator called the inside viewer. This option appears below the price chart on a web-based platform. It shows the percentage of sellers and buyers during the trade execution.
In a Nutshell – easyMarkets Broker Review
- easyMarkets Offer CFD trading in a wide range of asset classes such as indices, agricultural goods, Forex, cryptocurrencies, metals, and energy.
- Approved by three different regulators at different regulatory tiers: tier 1, tier 2, and tier 3.
- Easy trade, CFDs, options, Forwards and Pending orders are the different Trading features available in easyMarkets.
- Negative balance protection, no slippage, fixed spreads, and guaranteed stop loss are the safety features of easyMarkets.
- Financial Calendar, Market news, Trading charts, live currency rates, Trading hours, and inside viewer are the Market analysis tools of easyMarkets.
- Deal cancellation, Freeze rate, Free Guaranteed Stop loss, and pending orders are the Trading tools of easyMarkets.
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