easyMarkets

easyMarkets is a well-established broker since 2001. easyMarkets has headquarters in Cyprus, Australia, Seychelles and British Virgin Islands. easyMarkets to provide their Forex/CFD trading services to over 4 million clients. This broker has also been regulated by CySEC 079/07, ASIC 246566, FSA (Seychelles) 19.09.2020 and FSC (BVI) 15.20.2020.

easyMarkets is thoroughly compliant with the EU’s 4th Anti-Money Laundering Directive, so you can read all legal documents published on their website. As a member of Investor Compensation Fund (CIF), if you’ve schemed or the broker goes bankrupt, you will have access to up to compensation to a maximum amount of €20,000 compensation Negative balance protection and a guaranteed stop loss are also available for clients.

In 2016, the brokerage re-branded itself from easy-forex to easyMarkets. easyMarkets currently sponsors the Spanish football club, Real Madrid, which shows that the company is looking to build its brand and to stick around.

easyMarkets also includes financial calendar, market news, trading charts, and trading signals as the platform’s perks. They also offer the technology on the mobile interface via iOS and Android devices. Traders can access markets anywhere and at any time.

MetaTrader 4 is also provided by easyMarkets. When using this popular trading platform, traders will get negative balance protection and fixed spreads. Besides that, Vanilla Options is available in this broker.

Because of those innovations, easyMarkets is an award-winning broker, receiving Forex Broker 2019 by The Forex Expo-Dubai, Most Innovative Broker 2018 by World Finance Markets Awards, Best APAC Region Broker 2018 by ADVFN International Financial Awards, Most Transparent Broker 2017 by Forex-Awards, Best Forex Service Provider 2017 by FXWord China, and many more over the years.

Account Information

Apart from the forex demo account, this broker offers VIP, Standard and Premium. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by easyMarkets is up to 1: 400. Meanwhile, you can open an account with a starting capital of $25.

There are three account types available at easyMarkets:

• VIP: The minimum deposit starts from $10,000, minimum position 1 lot, fixed spread, permit hedging, scalping, and expert advisors. The account also offers mobile trading.
• Standard: The minimum deposit starts from $100, minimum position 0.01 lot, fixed spread, permit hedging, scalping, and expert advisors. The account also offers mobile trading
• Premium: The minimum deposit required is $2,000 and the minimum position of 0.01 lot. Despite not offering expert advisors and scalping, premium users can get features such as mobile trading, trailing stops, pending orders, one-click trading, and auto trading.

Fees

easyMarkets spread and pricing are transparent however It also charges substantial spreads across assets. The broker features a EUR/USD spread of 0.9 pips, but many other pairs carry a significantly higher mark-up.

As a market maker, easyMarkets trading environment obviously favors broker income over traders’ profits. Approximately 74% of the broker’s retail traders tend to lose money, which directly profits easyMarkets. However, there is no fee charged on deposits and withdrawals.

Payment Methods

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, easyMarkets offers you MetaTrader 4, easyMarkets Web Platform and MetaTrader 5.

• MetaTrader 4: easyMarkets provides MT4 trading platform, but it lacks a lot of critical third-party plugins which are necessary to unlock full functionality. Even though only a basic version, but MT4 remains the best choice available at easyMarkets.

Another new trading platform you can download is easyMarkets webtrader.

• easyMarkets webtrader: While the user interface looks modern and clean, and allowing options trading to be carried out, the app doesn’t support automated trading or third-party plugins. The easyMarkets webtrader also comes with a hidden cost to traders in the form of higher spreads if you want to unlock all the products and services provided. Two of the broker’s main features, dealCancellation, and Freeze Rate, are exclusively granted in this platform.

Features

easyMarkets is also known for its beginner-friendly features including a low freeze rate and deal cancellation. The purpose is to enhance risk management, but what this broker fulfilled mirrors binary options trading more than Forex.

• Deal cancellation: This feature allows traders to cancel a losing trade; the implication is that the trades are never executed. easyMarkets will then collect a substantial fee for each canceled trade. dealCancellation is an innovative approach but serves mostly to charge traders for trades that aren’t executed.
• The Freeze Rate: Freeze Rate is a tool that allows users to freeze the displayed price for a few seconds, in theory, to allow for the entry of trades. In practice, this offering is similar to one-click and automated trading, as provided in the MT4 trading platform.
• easyTrade: the easyTrade tool is useful to enhance risk management, but only available on just 20 assets and mirrors binary options trading.

Research and Education

easyMarkets offers some research additional tools including trading charts, financial calendar, and many more.

• Trading charts: Trading charts offer very little substance, and live currency rates can be obtained from the trading platform.
• Financial calendar: Financial calendar can be filtered to provide relevant upcoming financial data; potentially market-moving events are shown in red under the volatility column. The data can be filtered for relevancy for each trader.
• easyMarkets blog: The blog is the sole section where easyMarkets provides in-house content. It contains five categories, including Market News, Outlook, Technical Analysis, Education, and Fun Stuff. The market news section is a financial news feed, which can be found inside the MT4 trading platform.

Customer reviews show easyMarkets falls down when it comes to the research section, as the market analysis section is sorely lacking in substance and could be repaired.

Beginners or new traders will also find some educational section useful as it offers materials for less-experienced traders.

• Get Started segment offers seventeen videos with a solid introduction to the Forex market.
• Discovery Series adds three more videos, complementing a properly executed segment. The quality tapers off from here, however; traders may download nine eBooks,
• Knowledge Base is just an FAQ section.

Customer Support

Do you have any question or find any trouble related to easyMarkets? If you do, you should reach easyMarkets’s support to get the information that you need. Here is the detail of the broker’s customer support:

easyMarkets has reliable customer support via phone, e-mail, live chat, or assorted messenger apps. There are also social media platforms that you can reach on Facebook, Twitter, Instagram, etc., and contact can also be made in that manner. Support hours are not provided, but normal business hours are assumed.