Easy Markets Forex Broker

easyMarkets Forex Broker - Complete Information Guide

1. Broker Overview

　　easyMarkets, originally known as Easy Forex, was established in 2001 and has since become a well-recognized name in the online trading industry. The company is headquartered in Limassol, Cyprus, with additional offices in Sydney, Australia, and Shanghai, China. It operates as a private entity under the umbrella of Blue Capital Markets Ltd.

　　Over the years, easyMarkets has expanded its offerings to include a wide range of financial instruments beyond forex trading, including contracts for difference (CFDs), commodities, and cryptocurrencies. The broker primarily serves retail clients, providing them with user-friendly trading solutions and innovative tools designed to enhance their trading experience.

　　A significant milestone in the companys history was its rebranding from Easy Forex to easyMarkets in 2016, which reflected its broader service portfolio. This transition marked the introduction of new trading products such as options trading and enhanced risk management features. The firm has consistently focused on providing transparent trading conditions, which has garnered it numerous awards and recognition within the industry.

　　The business model of easyMarkets is primarily retail forex trading and CFD trading, allowing clients to engage in a variety of markets with fixed spreads and no hidden fees. The broker has built a reputation for its commitment to customer service and innovative trading solutions, making it a popular choice among traders.

2. Regulatory and Compliance Information

　　easyMarkets operates under a robust regulatory framework, holding licenses from several reputable financial authorities. The main regulators include:

• Cyprus Securities and Exchange Commission (CySEC) - License Number: 079/07
• Australian Securities and Investments Commission (ASIC) - License Number: 246566
• Financial Services Authority (FSA) of Seychelles - License Number: SD 056
• British Virgin Islands Financial Services Commission (BVI FSC) - License Number: SIBA/L/20/1135

　　These licenses ensure that easyMarkets adheres to strict regulations and operational standards, providing a secure trading environment for its clients. The regulatory oversight includes client fund segregation, which means that all client deposits are held in separate accounts from the companys operational funds, ensuring their safety.

　　Additionally, easyMarkets participates in an Investor Compensation Fund, which provides clients with compensation up to €20,000 in case of insolvency. The broker also implements Know Your Customer (KYC) and Anti-Money Laundering (AML) policies to ensure compliance with international standards and protect against financial crimes.

3. Trading Products and Services

　　easyMarkets offers a diverse range of trading products, focusing primarily on forex and CFDs. The broker provides access to over 60 currency pairs, including major, minor, and exotic currencies. Some of the most traded pairs include EUR/USD, GBP/USD, and USD/JPY.

　　In addition to forex, easyMarkets offers a variety of CFD products across several asset classes:

• Indices: Traders can access major global indices, allowing them to speculate on the performance of stock markets.
• Commodities: The broker provides trading options for various commodities, including agricultural products and energy resources.
• Shares: easyMarkets offers CFDs on shares from major companies, enabling traders to benefit from price fluctuations without owning the actual stocks.
• Cryptocurrencies: Clients can trade CFDs on popular cryptocurrencies such as Bitcoin, Ethereum, and Ripple.

　　The company frequently updates its product offerings, ensuring that clients have access to new trading opportunities as they arise. With a commitment to providing a comprehensive trading experience, easyMarkets also offers unique trading features such as deal cancellation, which allows traders to cancel losing trades within a specified time frame for a small fee, and freeze rate, which locks in the current price for a few seconds to execute trades.

4. Trading Platforms and Technology

　　easyMarkets supports several trading platforms, catering to various trader preferences. The primary platforms include:

• MetaTrader 4 (MT4): A widely recognized platform known for its user-friendly interface and extensive analytical tools, MT4 allows traders to automate their trading strategies using Expert Advisors (EAs).
• MetaTrader 5 (MT5): The successor to MT4, MT5 offers enhanced features, including more timeframes and technical indicators, as well as support for trading stocks and commodities.
• Proprietary easyMarkets Platform: This web-based platform is designed for ease of use, featuring innovative tools like guaranteed stop loss, no slippage, and the ability to execute trades directly in the browser without additional software installation.

　　Additionally, easyMarkets offers a mobile trading app available on both iOS and Android, allowing traders to manage their accounts and execute trades on the go. The brokers platforms are supported by a robust technical infrastructure, ensuring fast execution speeds and reliable performance.

　　Clients can also integrate their easyMarkets accounts with TradingView, a powerful charting and analysis tool that enhances the trading experience with advanced features and social trading capabilities.

5. Account Types and Trading Conditions

　　easyMarkets offers several account types to cater to different trading needs, including:

• Standard Account: Requires a minimum deposit of $25, providing traders access to fixed spreads starting at 1.8 pips for major currency pairs.
• Premium Account: Requires a minimum deposit of $2,000, offering tighter spreads starting at 1.5 pips.
• VIP Account: Requires a minimum deposit of $10,000, providing the best trading conditions with spreads starting from 0.7 pips for the EUR/USD pair.

　　The broker also offers Islamic accounts that comply with Sharia law, allowing Muslim traders to engage in trading without incurring interest charges.

　　easyMarkets provides a demo account for new traders, allowing them to practice trading strategies without risking real money. The demo account is unlimited and comes with $10,000 in virtual funds.

　　Leverage options vary based on the account type and the regulatory framework under which the trader operates. For example, traders under ASIC regulations can access leverage up to 1:400, while those under CySEC may have lower leverage limits due to ESMA regulations.

6. Fund Management

　　easyMarkets offers a variety of deposit and withdrawal methods to facilitate easy fund management. Accepted payment methods include:

• Bank Transfers
• Credit/Debit Cards: Visa, Mastercard, and American Express.
• E-wallets: Skrill, Neteller, and WebMoney.

　　The minimum deposit requirement varies by account type, starting at $25 for standard accounts and going up to $10,000 for VIP accounts. Deposits are generally processed instantly, while withdrawals may take 1 to 5 business days depending on the method used.

　　Importantly, easyMarkets does not charge any fees for deposits or withdrawals. However, third-party payment providers may impose their own fees. For bank transfers, a minimum withdrawal amount of $50 is required, while there is no minimum for withdrawals via credit cards or e-wallets.

7. Customer Support and Educational Resources

　　easyMarkets provides comprehensive customer support through multiple channels, including:

• Live Chat
• Email Support
• Phone Support
• Social Media: Available on platforms like Facebook, WhatsApp, and Viber.

　　Customer support is available 24/5, covering major trading hours, although it does not operate on weekends. The broker offers support in multiple languages, including English, German, Polish, Arabic, and Chinese.

　　In terms of educational resources, easyMarkets offers a range of materials designed to help traders enhance their skills. Resources include:

• Webinars: Covering various trading topics for all skill levels.
• Video Courses: Introducing traders to forex and CFDs.
• E-books: Covering advanced trading strategies and market analysis.
• Market Analysis: Daily insights and reports to aid traders in making informed decisions.

8. Regional Coverage and Restrictions

　　easyMarkets operates globally, serving clients in over 150 countries. The broker has a strong presence in Europe, Asia, and Australia, with offices located in key financial hubs. However, there are certain regions where easyMarkets does not accept clients, including:

• United States
• Israel
• Iran
• Syria
• Afghanistan
• North Korea
• Venezuela

　　These restrictions are primarily due to regulatory compliance and local laws.

　　In conclusion, easyMarkets is a well-regulated broker offering a range of trading instruments, competitive trading conditions, and innovative features. With a commitment to transparency and customer support, it caters to both novice and experienced traders alike, providing a reliable platform for engaging with global financial markets.