3.88 79 Reviews
3.88

easyMarkets Review Summary

easyMarkets, initially known as ‘easy-forex’ was founded in 2001, in Majuro, Marshall Islands and is currently headquartered in Limassol. easyMarkets is licensed and regulated by CySEC (Cyprus Securities and Exchange Commission) and ASIC (Australian Securities & Investment Commission). easyMarkets is a trustworthy broker that many traders choose for its good reputation, easy to use, unique proprietary platform that has a great tool for novice traders called dealCancellation which is an innovative tool developed by easyMarkets themselves that helps undo losing trades. Currently the award-winning broker has offices around the world in Warsaw, Shanghai and Sydney. easyMarkets is a market maker and operates with a dealing desk easyMarkets offers a range of tradeable instruments, although we do believe they could do better in this area. easyMarkets offer Forex currency pairs (major, minor and exotic pairs), shares, indices, commodities, precious metals, indices, shares and of course, cryptocurrencies. Unfortunately, easyMarkets offers a very limited number of cryptocurrencies, just Bitcoin, Ripple and Ethereum.

easyMarkets Review Highlights

Trading Platform: MT4, proprietary platform
Cryptocurrencies Bitcoin
Regulator CySEC and AISC
Minimum Initial Deposit $100
Leverage Up to 1:30

Pros & Cons

Pros
  • Easy to navigate and platform - great for beginners.
  • Licensed and well-regulated by CySEC and ASIC.
  • Very low non-trading fees: no inactivity or withdrawal fees.
Cons
  •  Research tools are not great
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We found the website of easyMarkets to be slightly confusing when it came to choose what account type we need. easyMarkets offers two account types:

  • Standard account:  this type of account is accessible to all brokers. It has a minimum deposit balance of $100. No commission is charged when trading with the standard account but instead the broker integrates its trading costs in the spread – the spreads are fixed. In addition to this micro lots are available only to Standard accounts.
  • VIP account: this account type offers different account benefits such as more competitive spreads, access to analytical tools and a personal VIP marker analyst. The spreads are fixed and start from 1 pip. The minimum deposit fee when opening a premium account is $2500. There are no special requirements in opening a premium account and users with standard accounts can upgrade at any point.

easyMarkets executes its trades through a dealing desk. easyMarkets does not charge any commission, but all of its trading fees are integrated into the spreads. This means that the broker earns money by taking the fee that is between the buy and sell price of a financial instrument. We noticed that the spreads of easyMarkets are quite high therefore they do not have the most lucrative trading costs.

On the other hand, the non-trading costs of easyMarkets are very favorable. The broker does not charge withdrawal fees or inactivity fees. We found that depositing and withdrawing funds with easyMarkets was quite easy and straightforward.  The broker offers many funding methods such credit/debit cards, bank transfer, online banking like SOFORT, giropay, iDEAL, etc and e-wallets like Neteller, Skrill and Fasapay.

 

There are 2 platforms that easyMarkets offers:

  • The popular MT4 (MetaTrader 4) as well as. An award-winning favorite among many brokers, the MT4 platform was created by the fintech company ‘MetaQuotes’ and is highly customizable. Th platform offers extensive features like s a favorite among traders and offers a vast range of features and tools. MT4 also offers many tools like technical, Expert advisors (EAs) for automated trading, indicators, signals, and other great tools that can improve the trading experience for many users. The platform is available on mobile, on iOS and Android. We were disappointed that easyMarkets does not offer MetaTrader 5 (MT5).
  • Proprietary platform (easyMarkets Web Platform): easyMarkets developed this platform in-house and introduced it in 2001. We found it to be refreshingly easy to use in comparison to many other brokers’ proprietary platforms. It offers plenty of tools like dealCancellation which allows users to protect their trades from errors then ‘undo’ them, Freeze Rate that allows users to pause a rate and Inside Viewer that is a form of social trading tool that allows users to view the trades of others.

In addition to this, easyMarkets also has a feature called easyTrade which allows users to trade with zero spreads and no margin. A lot of traders interested in hedging find this tool highly useful.

We were not very impressed with the research tools that easymarkets offers.  The broker’s website features a Market Analysis section where traders can find market news that regularly updated, real time trading charts that shows the changes in prices, a Financial Calendar that includes various geopolitics events that may influence financial markets and a blog. What we found a bit disappointing was about this section was the information wasn’t sufficiently detailed.

Trader’s education at easyMarkets was satisfactory. Under the section ‘LEARN’ traders can find various e-books, articles and videos that cover different topics like trading psychology, risk management, etc.

We particularly impressed with the ‘Get Started’ and the ‘Discover Series’ that is something like crash course in trading which teaches brokers forex terminology, key concepts and history behind popular financial instruments. The broker also offers a demo account for traders to practice trading or to try the platform out.  The easyMarkets Learn Center has several sections that teach users about trading:

  • Getting Started: this section talks about the fundamentals of trading. This is particularly helpful to new traders who are trying to learn about trading. This section will help users to set up their account and navigate them through the platform.
  • Discover Series: This section talks about the various financial instruments that easyMarkets offers, such as currency pairs, commodities, cryptocurrencies etc. Traders will learn terminology, key concepts and the history behind different instruments.
  • Free eBooks: this section contains 10 e-books on different topics that discuss trading. Those vary from Trading psychology to platform guides.
  • Knowledge Base: this section contains economic indicators which is a list of different movement across markets that may influence the economy; a trading glossary which is a section that contains various trading terms and their meaning; and finally an extensive FAQs that contains common questions that traders ask Customer Support about.

easyMarkets offers good, reliable customer support to be quite good. Customer support is available on a 24-hour, 5 day a week basis in many languages like French, Chinese German, Spanish, Polish, Russian, Hebrew and of course English. There are also many methods in reaching the customer support team of easyMarkets such as by phone, live chat, email, as well as through WhatsApp and Viber.

easyMarkets offers its customers something that many other brokers do not – simplicity. The broker’s proprietary platform is very user-friendly and does not scare of new users. In general, we believe that easyMarkets is worth considering as your broker.

 

Official easyMarkets Review Registration

Founded: 2001
Broker Type: Market Maker, dealing desk
Languages Supported: Various like EN, FR, ES, DE, RU, PL, HE and ZH
Trading Instruments: Forex, Indices, Metals, Commodities, Shares, Crypt
Account Types: Standard, Premium, VIP and Super VIP
Expert Advisors: Yes
Social Trading: Yes
Hedging: Yes
Scalping: Yes
Commission: No
Inactivity Fee: No
Swap-Free Account: Yes
Mobile Apps: Yes
Demo Account: Yes
Prohibited Countries: USA
Trading Fees: Variable - integrated in the spread
Withdrawal Fees: No
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easyMarkets Reviews

79 Reviews for easyMarkets

  • Kjuan says:

    The sophistication of the trading platform and the product breadth offered by easyMarkets are unparalleled within the discount brokerage firms in Canada. I wouldn’t use any other providers.

  • Greg says:

    Its a very good options and stock trading platform. The navegation is very intuitive and it has plenty of tools – the functionality as well is outstanding. I have not used the bond and currency part of the platform yet.

  • Rayam says:

    Great Brokerage and service

  • Ron D. says:

    Good functionality but inadequate responses to problems when busy

  • Seamus RG says:

    Easy to navigate through their website which makes it a User-friendly platform.
    However, it has limited reporting options and lacks price transparency. They charge high fees when withdrawing your money and the withdrawal process is slow.
    Their technical support is very slow and almost inexistent.

  • Robbie says:

    Solid platform its just expensive to use . The lay out is good but opening the same trades on my easyMarkets account compaired to my mt4 account is shocking . I always make less money with easyMarkets . Good platform for absolute beginners.

  • Rayam says:

    Very good if your novice and want to copy people. But spreads and position sizes are very frustrating if you want to go it alone

  • Pencil Ndlovu says:

    wonderful broker to me, and I’m enjoying my trading under Easy markets

  • Ejeh Godwin says:

    very helpful thank you

  • Floood says:

    Good Broker. Good assistance. various methods to deposit. Just to bank transfer 20 aud commission…Could you take a little less? Anyaway everything good

  • Mike Reed says:

    Good support team.

  • Lukian Mitov says:

    I’ve been trading on this platform since March and I experienced some serious issues. They disable trading with the most volatile stock when they deem fit, but what ia worse, they page is sometimes totally inaccessible. E.g. on Monday June 08, 2020 from 3.35pm till at least now (4.10pm). Totally unacceptable for sites ‘controlling’ money. My faith in eToro is lost and I will definitely not add any more funds

  • Dhruba says:

    Very user friendly and easy to use. The only serious problem is the take profit limit which although can be adjusted should be removed entirely.

  • Trevor says:

    i think you should need one more type of account in which without commision spread will be very low like in othe brokera pro account etc

  • Cinque Gulio says:

    Swap are not fair. Please adjust them. Until now good customer support.

  • Steve Powell says:

    I have just started so I had no idea what to do. Live chat responsed quickly and solved my questions.

  • Ben Holmes says:

    Easy markets are the best trader ive used as a small time trader. good customer service, good wthdrawals and ….they’re australian

  • Avi Apel says:

    Bad Price feed during News release

  • Devin says:

    Great trading experience and really nice support. My nr1 broker right now.

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