EasyMarkets review
Introduction of the broker EasyMarkets
In today's review, we will look at the broker EasyMarkets, which has been operating since 2001. Over more than two decades, it has built a reputation as a reliable provider of trading services, appealing to both beginner and advanced traders.
Easymarkets.com is an MM-type broker operated by Easy Forex Trading Limited, based in Cyprus. The broker is regulated by several authorities, including CySEC, and offers a wide range of trading instruments. The platforms provided include MT 4, easyMarkets WebTrader, and mobile applications.
EasyMarkets requires a minimum deposit of $25, allowing traders to start with small amounts. Traders can trade micro lots starting from 0.01 lots, which is friendly for beginners who want to test their strategies with a smaller capital. The broker also offers a demo account valid for 10 days, allowing traders to test the entire platform before starting real trading.
Trading Platforms and Accessibility
EasyMarkets offers a remarkably wide range of trading platforms. In addition to its proprietary web platform and mobile apps for iOS and Android, it also supports the popular MetaTrader 4 and 5. A notable bonus is the integration with TradingView, which will be appreciated by technically inclined traders.
The mobile applications are intuitive and well-optimized, enabling efficient trading on the go. The web platform is user-friendly and offers all necessary tools without requiring additional software installation. EasyMarkets provides traders with a choice of three account types - Standard, Premium, and VIP, each offering specific benefits. What truly makes this broker exceptional is its extensive range of supported currencies.
Clients can choose not only traditional currencies like the euro, US dollar, or British pound but also less common ones, including the Chinese yuan, Hong Kong dollar, or South African rand.
easyMarkets provides access to more than 200 CFD instruments, including stock indices, commodities, stocks, and currency pairs. The CFD offering is extensive and covers a wide range of tools, making it suitable for every trading strategy – from scalping to day trading.
The broker places great emphasis on education. Articles, tutorials, market analyses, and regular webinars are available. Beginners can take advantage of a Forex course and a demo account, while advanced traders will appreciate detailed technical analyses and tools. Customer support operates 24/5 and is very responsive. It can be contacted via email, live chat, or mobile applications such as WhatsApp or Viber.
Fees, Deposits, and Withdrawals
The broker does not charge fees for deposits or withdrawals, and traders can benefit from very competitive spreads starting at 1.0 pip. The maximum available leverage is 1:30 for clients in the EU, which is especially beneficial for experienced traders. Both beginners and professionals can benefit from negative balance protection, which is available on all accounts.
Regarding deposits and withdrawals, EasyMarkets truly stands out in the variety of payment methods offered. Traders can use a wide range of payment cards, including Visa, MasterCard, Maestro, American Express, and JCB. The platform also supports various electronic payment systems such as Sofort, Giropay, iDeal, and Bpay.
For those who prefer electronic wallets, options include Neteller, Skrill, FasaPay, Sticpay, Webmoney, and other popular services. The minimum deposit requirement of just $25 is also very favorable, making the platform accessible even to beginner traders with limited capital.
EasyMarkets Ratings and User Reviews
The broker easyMarkets achieves a rating of 4.5 out of 5 on Trustpilot based on 1,667 reviews. The vast majority of users (89%) gave the highest number of stars, with only 3% rating the experience negatively. Users appreciate the platform's clarity, fast trade execution, and quality customer support. However, some point out higher spreads and fees compared to other brokers, as well as occasional technical issues or delays in fund withdrawals. Overall, easyMarkets is perceived as a reliable broker with predominantly positive feedback.
The easyMarkets app is available for Android and iOS devices. On Google Play, the app has a rating of 3.4 out of 5 stars based on approximately 2,270 reviews. Users praise the intuitive interface and fast trade execution but note occasional technical issues and higher spreads.
On the Apple App Store, the app has a rating of 4.6 out of 5 stars based on 16 reviews. Users commend the app's stability and quality customer support, though some mention limited options for advanced analytical tools.
Risk warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| Basic information | |
|---|---|
| Regulations |
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| Number of CFD asset classes | 6 |
| Broker type | MM |
| Customer support |
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| Deposit from | 5 EUR/USD |
| Spreads | 1 EUR/USD *The value is indicative from the broker's website. The spread amount is variable. |
| Real Stocks and ETFs | |
| Platforms |
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| Instruments CFD | Commodities, Share CFDs, Forex, ETF, Cryptocurrency traded as CFD, Indicies |
| Established | 2001 |
| Location | P.O. Box 53742Limassol 3317Cyprus |
| support@easymarkets.com | |
| Country | Cyprus |
| Last update: | |
Pros
- Multiply regulated broker with a strong establishment: The broker holds multiple regulatory licenses and has a stable position in the market.
- Great technical solutions, tools, platforms: It offers excellent technical solutions, tools, and trading platforms.
- Good Reputation: It has a solid reputation and credibility.
- Quality education: It provides high-quality educational materials and training.
- Negative balance protection: It ensures protection against negative balances on accounts.
- Regulated by ASIC and CySEC: It is regulated by ASIC and CySEC, providing clients with assurance and transparency.
- Competitive trading conditions: It offers competitive trading conditions that can be advantageous for traders.
Cons
- Only Forex and CFDs: It specializes only in Forex and CFD trading.
- No 24/7 support: 24/7 support is not available.
- Conditions vary based on entity: Conditions may vary depending on the specific entity or subject.
Licences and regulation
- Easy Markets Pty Ltd - authorized by ASIC (Australia) registration no. 246566
- Easy Forex Trading Ltd - authorized by CySEC (Cyprus) registration no. 079/07
- EF Worldwide Ltd - authorized by FSC (British Virgin Islands) registration no. SIBA/L/20/1135
