easyMarkets Forex Broker
Basic Information
Australia
Above 20 years Regulated in Australia Regulated in Cyprus Regulated in Seychelles Regulated in South Africa Regulated in The Virgin Islands Market Maker (MM) Retail Forex License Financial Service Corporate MT4 Full License MT5 Full License Self-developed Global Business Suspicious Overrun Medium potential risk Offshore RegulatedCompany profile
Rating Index
Pros
Tight fixed spreads and no hidden fees, providing transparency in trading costs.
Unique features like deal cancellation and freeze rate, allowing traders to manage risk more effectively.
Regulated by multiple authorities (ASIC, CySEC, FSA, BVI, FSCA), offering a degree of security and trust.
Cons
Higher fixed spreads compared to some competitors, which may increase trading costs.
Limited cryptocurrency offerings, with only three options available for trading.
Some users report issues with account restrictions and withdrawal processes, raising concerns about customer service and support.
easymarkets Forex Broker - Complete Information Guide
1. Broker Overview
easyMarkets, established in 2001, is a well-known online trading platform that has gained recognition for its innovative approach to financial trading. The broker is headquartered in Limassol, Cyprus, with additional offices located in Australia and China. It operates as a private company and is not publicly traded.
The primary market served by easyMarkets includes retail forex and CFD trading, catering to a diverse clientele that spans across the globe. The broker has built a solid reputation over the years, marked by significant milestones such as the introduction of unique trading features like deal cancellation and freeze rate tools, which enhance the trading experience and risk management capabilities for its users.
easyMarkets is part of the Blue Capital Markets Group, which allows it to leverage a broader range of services and expertise in the financial market. The broker operates on a market-making model, providing clients with access to various financial instruments including forex, commodities, indices, and cryptocurrencies.
The easyMarkets broker has evolved since its inception, adapting to market changes and regulatory requirements while continuously improving its service offerings. Today, it stands out as a reliable choice for both novice and experienced traders seeking a user-friendly platform with innovative features.
2. Regulation and Compliance Information
easyMarkets is regulated by several reputable authorities, ensuring a secure trading environment for its clients. The main regulatory bodies overseeing its operations 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 (FSC), License Number: SIBA/L/20/1135
The regulatory licenses held by easyMarkets are valid and cover a wide range of services across different jurisdictions. Each regulatory body imposes strict compliance requirements, including maintaining segregated accounts for client funds, which ensures that traders' deposits are kept separate from the broker's operational funds. This segregation of funds provides an additional layer of security, safeguarding client assets in the event of financial difficulties faced by the broker.
Furthermore, easyMarkets adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, ensuring that all clients are verified and that their transactions are monitored for compliance with international standards. This commitment to regulatory compliance enhances the trustworthiness of the easyMarkets broker, making it a safe option for traders.
3. Trading Products and Services
easyMarkets offers a comprehensive selection of trading products, making it a versatile platform for various trading strategies. The broker provides access to:
- Forex: Over 136 currency pairs, including major, minor, and exotic pairs, available for trading as CFDs, forwards, or vanilla options.
- CFD Products: This includes a range of asset classes such as:
- Indices: Access to major global indices.
- Commodities: Trading options in energy products like crude oil, natural gas, and agricultural commodities.
- Metals: Trading in precious metals such as gold, silver, platinum, and palladium.
- Cryptocurrencies: CFDs on popular cryptocurrencies including Bitcoin, Ethereum, and Ripple.
- Stocks: A selective range of shares from major companies.
The broker continuously updates its product offerings, ensuring that clients have access to the latest market trends and trading opportunities. While easyMarkets may not have the most extensive range of instruments compared to some competitors, it provides a solid array of options that cater to the needs of most traders.
Retail trading services are the primary focus, with no institutional services or asset management options available at this time. This specialization allows easyMarkets to concentrate on providing a high-quality trading experience for individual traders.
4. Trading Platforms and Technology
easyMarkets offers multiple trading platforms, catering to both novice and experienced traders. The platforms available include:
- MetaTrader 4 (MT4): A widely used trading platform known for its advanced features, including customizable indicators and automated trading capabilities through Expert Advisors (EAs).
- MetaTrader 5 (MT5): An upgraded version of MT4, offering additional features such as more technical indicators, advanced charting tools, and an integrated economic calendar.
- easyMarkets Proprietary Platform: This web-based platform is designed for ease of use, providing essential trading tools and features like deal cancellation and freeze rate options.
- TradingView: Integration with TradingView allows traders to utilize advanced charting tools and social trading capabilities.
The mobile trading app is available for both iOS and Android devices, ensuring that traders can access their accounts and manage trades on the go. The app mirrors the features of the web platform, providing a seamless trading experience.
The execution model at easyMarkets primarily follows a market-making approach, allowing for quick order execution without slippage, which is particularly beneficial during volatile market conditions. The broker's infrastructure is robust, with servers located in strategic regions to ensure low latency and high reliability in trade execution.
5. Account Types and Trading Conditions
easyMarkets offers several account types tailored to different trading needs:
- Standard Account: Requires a minimum deposit of $25, with fixed spreads starting at 1.8 pips. The leverage available is up to 1:200.
- Premium Account: Requires a minimum deposit of $2,000, offering tighter spreads starting at 1.5 pips and up to 1:200 leverage.
- VIP Account: Designed for high-volume traders, this account requires a minimum deposit of $10,000 with the tightest spreads starting at 0.8 pips and leverage up to 1:400.
- Islamic Account: Available for traders adhering to Islamic finance principles, this account type ensures compliance with Sharia law.
All accounts come with no commission fees, and easyMarkets provides an unlimited demo account for traders to practice without risk. The minimum trade size varies by account type, with the standard account allowing trades from 0.01 lots.
The leverage offered by easyMarkets varies based on the account type and asset class, with retail accounts typically capped at 1:30 for most instruments due to regulatory restrictions. This ensures that traders can manage their risk effectively while still having the potential for significant returns.
6. Fund Management
easyMarkets provides a variety of deposit and withdrawal methods to facilitate easy fund management for its clients. The available payment options include:
- Credit/Debit Cards: Visa, Mastercard, and Maestro are accepted, with instant processing times and no fees.
- E-Wallets: Options such as Skrill, Neteller, and Fasapay are available for quick transactions.
- Bank Wire Transfers: Processing times range from 1-3 business days, with a minimum withdrawal limit of $50 for bank transfers.
The minimum deposit requirement varies by account type, with the standard account starting at $25 and the VIP account requiring $10,000. Importantly, easyMarkets does not charge any fees for deposits or withdrawals, making it a cost-effective choice for traders.
Withdrawal requests are processed within 48 hours, but the actual time for funds to reach the trader's account may depend on the chosen withdrawal method. This streamlined process ensures that traders can access their funds promptly, enhancing the overall trading experience.
7. Customer Support and Educational Resources
easyMarkets prides itself on offering excellent customer support, available through multiple channels including:
- Live Chat: Quick responses to inquiries, typically within a few minutes.
- Email Support: Available for more detailed queries.
- Phone Support: Traders can reach customer service representatives directly.
- Social Media: Support is also accessible via platforms like WhatsApp and Facebook Messenger.
The customer support team operates 24/5, providing assistance in multiple languages, including English, Chinese, Polish, and Arabic.
In terms of educational resources, easyMarkets offers a range of materials aimed at helping traders improve their skills. This includes:
- Webinars: Covering various trading topics.
- Video Tutorials: Offering insights into trading strategies and platform usage.
- E-books: Covering fundamental and advanced trading concepts.
- Market Analysis: Daily updates and insights on market trends.
These resources are designed to support traders of all experience levels, from beginners looking to learn the basics to experienced traders seeking to refine their strategies.
8. Regional Coverage and Restrictions
easyMarkets serves a global clientele, with its services available in over 150 countries. The broker has established a strong presence in regions such as Europe, Australia, Asia, and Africa. However, there are certain geographical restrictions due to regulatory compliance.
Countries where easyMarkets does not accept clients include:
- United States
- Israel
- Iran
- Syria
- North Korea
- Afghanistan
- Venezuela
These restrictions are primarily due to local laws and regulations that govern financial trading activities. Despite its broad international reach, easyMarkets remains committed to compliance, ensuring that it operates within the legal frameworks of the jurisdictions it serves.
In summary, the easyMarkets broker has established itself as a reputable and innovative trading platform, providing a diverse range of trading products, competitive trading conditions, and robust customer support. Its commitment to regulatory compliance and client protection further enhances its appeal to traders around the world.
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Latest Reviews
FX1825073414
Japan
It's a long-established broker. I've never heard any bad rumors like withdrawal refusals. That said, if you ask whether there's anything particularly attractive about it, that's a tough question. I think their support is very kind, the spreads aren't that wide, and with leverage up to 2,000x, the specs are certainly not bad. It feels more geared towards beginners, perhaps. It gives the impression of being one of those clean, proper overseas brokers.
Positive
07-29
Lady Chiun
Taiwan
Fast small deposits and withdrawals with USDT
Positive
07-17
sovesip
India
I had a good experience with this broker as i find their spreads to be lower than others
Positive
08-01