EasyMarkets Review 2024: Should you sign up with the broker?

easy markets review

Then, on the main user interface you have a pretty well laid out and intuitive platform. You have all of your markets on the left, the order forms on the right, charts on the right and the live, pending and past orders in the bottom panel. Easy Markets has a range of platforms that you can use including their own proprietary technology as well as some well known third party applications. With STP (Straight Through Processing) brokers, your orders are routed straight to the liquidity providers. This means that the broker does not manage the order and hence cannot protect you from any potential market moves that take you into negative equity.

  1. Indeed, we all know about the analogy of “teaching people how to fish”.
  2. You get access to live trading charts, the options inside view, market explorer and trade notifications.
  3. If the position reaches your stop-loss level within 6 hours of entering a trade and dealCancellation is active, you take no loss from that transaction and just pay the dealCancellation fee.
  4. If you prefer to download offline content to read later then there is an extensive range of eBooks.
  5. New clients outside the EU receive a first deposit bonus of up to 50% on their initial deposit.

Does easyMarkets offer negative balance protection?

easy markets review

Brokers continue to roll out or enhance beginner-friendly features such as fractional shares, practice accounts (also called paper trading or simulated trading), and basic investor education. EasyMarkets primary income sources are spread on all the accounts which starts from 0.5 pips (variable) on the MT5 account or from 0.7 pips (fixed) on the VIP account. EasyMarkets also makes money from swap fees on open positions overnight. The μBTC account supports Bitcoin as the account base currency allowing trading on all the CFDs assets with no FIAT exchange required. The easyMarkets μBTC account, also known as Bitcoin base currency account, is available for traders under the ASIC, FSA and FSC regulations.

Additional Features

They mentioned that I could not take advantage of scalping fixed spreads at certain hours. Therefore, I would suggest carefully reading them through before starting. If your strategy does require the lowest spread and commission fees at all time, IC Markets would be one of my top choices as they have ECN execution and raw spreads starting from 0.0 pips.

easy markets review

Mobile trading apps at easyMarkets

easy markets review

If you prefer to download offline content to read later then there is an extensive range of eBooks. These are completely free and you can even download them now from their website. They cover everything from beginning trading principles to how to use the trading platforms. Something else that may surprise you is the fact that they still have phone calls. They are happy to call back their traders should there be any questions about their accounts. They are also one of the few brokers that we know that still do phone execution.

easy markets review

Excellent service

This site was created for people interested in learning digital options, cryptocurrencies, Forex, CFD, ETF, OTN, and ICO and, of course, how not to fall for the bait of unscrupulous trading platforms. Here you can find a lot of useful information about brokers, strategies, and the latest news from the world of online investment possibilities and many other interesting topics. Traders registering with easyMarkets can access over 200 financial instruments across forex, shares, cryptocurrencies, metals, commodities, indices, futures and options. Besides the regular CFD trading, traders can also carry out EasyTrade, which comes with limited risk/unlimited profits. EasyMarkets is an online broker that first started operating in 2001 under the Easy-Forex name.

EasyMarkets Review

You will also notice on the web platform that you have other options before you place your trade including whether you want to freeze the rate or cancel a deal. Trading forwards is done on the easy markets web platform and it allows you to select a forward date up to thirty days ahead. The forward option is currently available on 39 different forex pairs. For those of you who like to trade slightly more exotic instruments, easyMarkets has their own entire vanilla option offering. Another really important consideration for any trader has to be the fees and spreads.

How to Open an EasyMarkets Account – Step-by-Step Guide

The standout features from my perspective are the user-friendly platforms, innovative trade management features, range of markets available to trade and account funding options. I like how they have been around for a long time and established themselves as an innovative broker with unique features not available elsewhere. The platforms and tools are very flexible to suit all styles of trader whilst there is a decent choice of trading instruments across multiple markets. https://forexbroker-listing.com/ They have won multiple awards and are under strict regulation which can help to give clients peace of mind they are using a broker that can be trusted. That being said, I wasn’t able to use my scalping strategy on a live account so I couldn’t take advantage of the fixed spreads that were being promoted. While comparing easyMarkets reviews from several trading-related websites, we found that people generally regard their easyMarkets experience as positive.

Choice of account type can affect the spreads too, though the accounts available to each trader will depend on their geographic location. Commission percentages on easyMarkets are reasonably low for Forex traders, and generally hover around the industry average on CFD trades. We have been trying to contact you to discuss your experience but without success.

However, Acorns’ investment selection is limited to ETFs and doesn’t offer tax-loss harvesting. So, if you’re interested in a broader range of investments or more advanced tools and features, easymarkets broker our picks for the best online brokerages may have what you’re looking for. Blain Reinkensmeyer, head of research at StockBrokers.com, has been investing and trading for over 25 years.

The execution screen has a simple design where traders can set amounts, risk limits and dealCancelation rates with the slide of a finger. Once traders download the app, they are welcomed with ready-to-trade demo. EasyMarkets hasn’t yet published spreads for all their listed cryptocurrencies. Note that cryptocurrency spreads may be adjusted more frequently than other assets due to high volatility.

This is a feature that easyMarkets includes on their web platform that basically allows a trader to cancel a trade after it has been placed and executed. Once you have filled out the form you will be directed to their proprietary options platform. Upon your first launch of the platform they will give you a handy step-by-step guide about how to place a trade as well as the tools at your disposal. Then, when it comes to the charts themselves, they are third party trading software developed by Tradingview.

Traders can access a significant collection of exotic assets, which are mainly cryptocurrencies and options. You can trade the three major cryptocurrencies, which are Bitcoin, Ethereum, and Ripple. You do not need to own a wallet or deal with complicated cryptocurrency security keys as you can easily trade them from your account, just like the FX pairs. All trades are quickly filled immediately you submit them online.

Dear Ram, We are thrilled to hear that you had a great experience with easyMarkets! I tried so Many companies but this company is easy to deposit/trade/withdraw in India. I remember that it was called Easy Forex when I used it many years ago. The platform appears to be improved and I may want to consider returning. Well, if you are looking for a regulated broker with low spreads, great trading tech and a well established reputation then it is definitely worth considering.

The mobile trading apps at easyMarkets are highly functional, providing traders with the flexibility to trade on-the-go effectively. Our research led us to appreciate easyMarkets’ robust regulatory framework, being a MiFID-regulated and ASIC-authorised broker. Although not publicly traded, the broker maintains a good standing in the industry with a trust score of 80, which falls under the “Trusted” category according to the research from ForexBrokers.com.

EasyMarkets does not have a minimum withdrawable amount with the sole exception of bank wire transfer that requires a minimum of $50. The easyMarkets account base currencies include EUR, USD, AUD, NOK, CAD, SGD, PLN, SEK, CZK, CHF, TRY, ZAR, JPY, GBP, CNY, NZD, MXN, HKD. Boasting a worldwide presence, easyMarkets has a significant operational footprint in various countries. It operates offices and is licensed in Sydney, Australia, the Seychelles, the British Virgin Islands and also maintains a marketing office in Shanghai, China.


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