Professional brokers are determined by different factors, but perhaps the most important ones are trust, quality, and experience. Luckily, easyMarkets has them all. Let’s learn more about this broker further.
About the company
easyMarkets has been paving its way to success from the year 2001. Initially starting with Forex trading products, it significantly enhanced its product scope as the company evolved.
easyMarkets website is owned and is being operated by Easy Forex Trading Ltd with headquarters in Limassol, Cyprus. Is easyMarkets legit? Absolutely. The company is a holder of CySEC license under the number 079/07 when it comes to Europe. In addition, easyMarkets brand is also regulated by Australian Securities and Investment Commission (ASIC) – number 246566.
Apart from its main office, easyMarkets enhanced its presence in the industry by opening several branches worldwide. It has offices in Warsaw, Shanghai, and Sydney. Although easyMarkets offers its services to traders globally, there are exceptions for several regions due to certain restrictions. These include USA, Israel, Iran, Afghanistan, Syria, North Korea, Myanmar, Somalia, Iraq, Sudan, South Sudan, Yemen, British Columbia, Ontario, and Manitoba.
The company is transparent about its information. If you are willing to learn more about easyMarkets Forex broker, you can check out their website, company history timeline etc.
Opening an Account
Account setup is quick and not difficult. Once you fill in the basic info, the web-based platform will automatically open. At this stage, you can switch between the live and demo account. To start off with real trading, you will have to complete the account registration by filling in necessary KYC details. Additionally, you will have to select the currency among the 20 available, including EUR, USD, GBP, PLN, AUD, CAD etc. Afterward, easyMarkets expects you to fund the account. The minimum deposit requirement is $100 or the equivalent in other currencies.
When preparing this easyMarkets opinion, we discovered that the broker does not offer multiple account packages. This is done not to overburden the trader, but rather keep everything simple and intuitive. It is, however, possible to upgrade the regular live trading account into VIP to enjoy tighter spreads (from 1 pip) and personal analyst services. To register as VIP, the client has to deposit at least $2500.
Besides offering MetaTrader 4, easyMarkets also developed its proprietary web-based platform. While MT4 is downloadable, the EeasyMarkets platform can be opened in browser provided that you have a stable Internet connection. On top of that, easyMarkets web-based platform is accessible in the form of mobile apps for iOS and Android devices.
The web-based platform is well-designed and easy-to-use. It has a single all-inclusive screen to ensure maximum convenience. Additionally, it provides access to 3 chart types, 10 timeframes and also some technical indicators.
On a side note, there are some platform-exclusive features. For example, web platform users can take advantage of dealCancellation which enables the trader to cancel a deal in 1 hour for a small fee. Furthermore, easyMarkets broker ensures that web-based platform users will have zero slippage, unlike MT4. It is also worth mentioning that easyMarkets platform offers integrated news feed and access to vanilla options as well as forward deals. Lastly, easyMarkets platform users can enjoy Freeze Rate, which allows to pause the rate and place the trade at the “frozen rate”.
On the other hand, the good old MetaTrader 4 provides the possibility to use MultiTerminal mode tailored for advanced traders. In case are of the auto trading type, the broker enabled EAs for you on MT4 too. Last but not the least exceptional feature is the negative balance protection on MT4. This ensures that your equity cannot fall below zero.
Both platforms allow trading more than 300 different markets such as Forex, commodities, cryptos, options, indices, and metals. Since the primary product of easyMarkets remains Forex, the trader can enjoy 136 major, minor and exotic pairs. Spreads are fixed and start from 1.8 pip unless you are VIP. Also, the maximum leverage available is up to 1:200. Other features include free guaranteed stop-loss, limit orders, one-button trades.
easyMarkets Review of Customer Support
Client support at easyMarkets is proficient, resourceful and multilingual. The agents are available 24/7 to tackle even most complex issues. You can contact the customer support by using email, phone numbers, live chat, Viber, and Messenger. However, consider the client support agents as the last resort, because the broker developed several FAQ sections tailored for covering the most common issues.
In case you are a newbie and willing to start off, easyMarkets developed the learning center. You can easily find series of educational videos, webinars, ebooks and more.
In addition, the website itself is available in 4 languages including English, Arabic, Polish and Chinese.
With easyMarkets, you can be sure that all the deposits and withdrawals processes will be smooth and swift. Moreover, the broker catered for convenient payment options. That’s why the clients can deposit or withdraw funds using credit/debit cards, online banking systems, eWallets and wire transfers. Our easyMarkets review figured out that making the deposits does not entail any extra fees or commissions. For most payment methods, easyMarkets processes the deposits within 1 working day.
The withdrawal requests are processed within a working day as well, however, it may take some time for the funds to reach the account. More specifically, this should the range of 3-10 business days depending on the payment option selected.
Some unsure traders ask the question: Is easyMarkets scam? After completing our investigation, we can confidently state that it is a splendid broker with a long history and well-built client base. Whether you are a novice or seasoned veteran, you will certainly enjoy the high-quality services and functionality that easyMarkets offers. Yes, trading with easyMarkets is not cheap, but it is definitely worth it. However, don’t just take our word for it. Open the demo account today to see if easyMarkets is the trading partner you dreamed of!