EasyMarkets

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	Official Website
Popularity
Leverage	1:400
Minimum Deposit	$100
Regulation	ASIC, CySEC
Payment Methods	Credit Card, PayPal, Wire Transfer, Skrill
Trading Assets	Forex, Commodities, Indices, Shares, Cryptocurrencies
MT4	✅
MT5	❌
Spreads	Low
Average cost: EUR/USD	0.9 pips
Demo Account	✅
Islamic Account	✅
MAM	❌
PAMM	❌
CopyTrading	✅
ZuluTrade	❌
Scalping	Yes
Signals	✅
EAs/Robots	Available
Negative Balance Protection	Yes
Deposit Fee	❌
Withdrawal Fee	❌
Inactivity Fee	$10 after 12 months of inactivity
Year Established	2001
Address	Limassol, Cyprus
Contact Information	Email: [email protected], Phone: +357 25 828 899
Mobile Trading APP
Rating	★★★★☆
Website	Official Website

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Pros and Cons

Introduction

EasyMarkets is a renowned online broker that has carved a niche for itself in the competitive world of online trading.

Established in 2001, it has grown to offer a wide range of financial instruments, including forex, commodities, indices, and cryptocurrencies.

This broker stands out for its user-friendly platform, comprehensive educational resources, and strong regulatory framework, aiming to cater to both novice and experienced traders.

Brief History and Reputation:

• Founded in 2001, originally under the name “easy-forex.”
• Transitioned to EasyMarkets in 2016 to reflect the broad range of markets available.
• Known for its transparency, customer-focused services, and innovative trading features like dealCancellation and Freeze Rate.

EasyMarkets has built a solid reputation over the years, emphasizing customer satisfaction and regulatory compliance, which has endeared it to traders worldwide.

Regulation and Safety

In the realm of online trading, the importance of regulation and safety cannot be overstated.

The company adheres to high regulatory standards, ensuring a secure and trustworthy trading environment for its clients.

Regulatory Bodies:

• Cyprus Securities and Exchange Commission (CySEC): EasyMarkets is authorized and regulated by CySEC, which ensures adherence to EU financial regulations.
• Australian Securities and Investments Commission (ASIC): For clients in Australia, it operates under the regulation of ASIC, offering additional security and peace of mind.

Safety Measures for Client Funds:

• Segregated Accounts: Client funds are kept in segregated bank accounts, separate from the company’s operating funds, to prevent misuse.
• Negative Balance Protection: EasyMarkets offers negative balance protection, ensuring clients cannot lose more than their deposited funds.
• Financial Services Compensation Scheme (FSCS): Clients are covered by the FSCS, providing compensation in the unlikely event of the broker’s insolvency.

Table: Regulatory Overview

Account Types

EasyMarkets offers many account types to cater to the diverse needs of its client base.

From beginners to seasoned traders, there’s an account tailored to every level of experience and investment capacity.

Overview of Account Types

The broker primarily offers three types of accounts: Standard, Premium, and VIP.

Each account type has been designed with different features and benefits to suit various trading styles and preferences.

• Standard Account: Ideal for newcomers to the forex market, providing access to all trading instruments with a low minimum deposit requirement.
• Premium Account: Designed for more experienced traders looking for lower spreads and a more personalized trading experience.
• VIP Account: Tailored for professional traders, offering the lowest spreads, personalized market insights, and one-on-one support.

Features and Benefits of Each Type

This table highlights the key differences between account types, helping traders choose the one that best fits their trading strategy and goals.

Trading Platforms

The trading platforms offered are designed to provide a seamless and intuitive trading experience, catering to traders of all experience levels.

Platforms Available

• Web Platform: EasyMarkets offers a robust and user-friendly web trading platform that requires no download or installation. It is accessible from any web browser, offering traders convenience and flexibility.
• MetaTrader 4 (MT4): For those who prefer a more advanced trading platform, it also provides access to the widely popular MetaTrader 4, known for its comprehensive analysis tools and automated trading capabilities.

Features and Usability

• Web Platform:

• • User-Friendly Interface: Designed for simplicity and ease of use.
  • Advanced Charting Tools: Offers a range of charting options and technical indicators.
  • Risk Management Features: Includes innovative tools like dealCancellation and Freeze Rate.

• MT4 Platform:

• • Automated Trading: Supports the use of Expert Advisors (EAs) for automated trading strategies.
  • Advanced Analysis Tools: Comprehensive charting tools and technical indicators for detailed market analysis.
  • Customization: Highly customizable interface and trading experience.

Comparison and Suitability

Choosing between the Web Platform and MT4 depends on the trader’s preferences and experience level:

• Web Platform is best suited for traders who value simplicity and easy access without the need for advanced analytical tools.
• MT4 is ideal for experienced traders who require in-depth analysis, custom indicators, and automated trading options.

Trading Instruments

EasyMarkets offers a wide variety of trading instruments, allowing traders to diversify their investment portfolio and capitalize on different market opportunities.

Types of Instruments Available

• Forex: Access to major, minor, and exotic currency pairs with competitive spreads.
• Commodities: Trade a range of commodities including gold, silver, oil, and agricultural products.
• Indices: Invest in leading global indices such as the S&P 500, FTSE 100, and DAX 30.
• Cryptocurrencies: Offers trading on popular cryptocurrencies including Bitcoin, Ethereum, and Ripple.

Highlights of Each Instrument Type

• Forex: Offers leverage up to 1:400, allowing for significant market exposure with a small initial investment.
• Commodities: Provides a hedge against inflation and currency devaluation.
• Indices: Access to a broad market segment, reflecting the performance of major companies.
• Cryptocurrencies: Opportunity to trade on the volatile crypto markets with potential for high returns.

Fees and Costs

Understanding the fee structure of a broker is crucial for traders, as it directly impacts profitability.

EasyMarkets prides itself on transparency and competitive pricing.

Structure of Trading Fees

• Spreads: EasyMarkets charges trading fees in the form of spreads, which vary by account type. The Standard account has higher spreads compared to Premium and VIP accounts, which benefit from lower spreads due to the larger minimum deposit requirement.
• No Commission: All trades executed through EasyMarkets come with zero commission, making it easier for traders to manage their trading costs.
• Overnight Fees: Also known as swap fees, these are charged on positions that are held open overnight. The rates vary depending on the market and the position size.

Comparison with Industry Standards

While it offers competitive spreads, especially for VIP account holders, its starting spreads for Standard accounts are slightly above the industry average.

However, the absence of commission fees and the provision of innovative risk management features can offset this aspect for many traders.

Non-Trading Fees

• Account Inactivity Fee: An inactivity fee is charged to accounts that have not executed a trade for a specified period, usually 12 months.
• Deposit/Withdrawal Fees: The broker does not charge any fees for deposits. However, withdrawal fees may apply depending on the payment method.

Customer Support and Service

The level of customer support provided by a broker is indicative of their commitment to their clients.

EasyMarkets offers comprehensive support channels to address the needs of its traders.

Channels of Support

• Live Chat: Available 24/5, providing instant assistance for urgent inquiries.
• Email: A more formal avenue for support, with responses typically within 24 hours.
• Phone Support: Direct line to customer service representatives for immediate help.
• Educational Webinars and Seminars: Regularly scheduled events that also serve as indirect support by educating traders.

Quality and Availability

• Multi-Language Support: Services are available in multiple languages, catering to a global clientele.
• Responsive: Customer feedback highlights the responsiveness and helpfulness of the support team.

Educational Resources and Research

An informed trader is an empowered one.

EasyMarkets invests in comprehensive educational resources and research tools to enhance the trading knowledge of its clients.

Types of Resources Available

• Online Trading Courses: Covering basics to advanced strategies.
• eBooks: A range of topics including technical analysis, market psychology, and risk management.
• Webinars: Live sessions with market experts providing insights and answering questions.

Quality and Usability of Educational Content

• Beginner to Advanced: Content caters to all levels of experience, ensuring novices and experienced traders alike find value.
• Interactive Quizzes: To test and reinforce learning.
• Market News and Analysis: Timely and relevant, helping traders make informed decisions.

Deposits and Withdrawals

The ease of moving funds to and from a trading account is a critical factor for traders.

EasyMarkets offers plenty of payment methods with an emphasis on convenience and security.

Payment Methods

• Credit/Debit Cards: Instant deposits and rapid withdrawals.
• Bank Wire Transfer: For larger transactions, though, it may take several days to process.
• E-Wallets: Including Skrill, Neteller, and more, offering fast and convenient transactions.

Processing Times

• Deposits: Most are instant, especially for electronic payments and cards.
• Withdrawals: Processing times vary, with e-wallets being the fastest, often within 24 hours, and bank transfers taking up to 5 business days.

Any Associated Fees

• Deposits: No fees charged by EasyMarkets.
• Withdrawals: Some methods may incur fees, which are clearly outlined on the EasyMarkets platform.

Conclusion

EasyMarkets stands out as a broker committed to providing a safe, transparent, and comprehensive trading environment.

Its regulatory compliance, diverse account types, innovative trading platforms, and a wide range of financial instruments make it a suitable choice for traders at all levels.

The broker’s emphasis on education, customer service, and transparent fee structure further enhances its appeal.

Whether you’re a novice trader looking for educational support or an experienced trader seeking advanced tools and low spreads, EasyMarkets caters to a wide spectrum of trading needs.

In sum, EasyMarkets combines the essentials of competitive pricing, robust regulatory oversight, extensive educational resources, and responsive customer service, positioning itself as a reliable and reputable choice for traders globally.

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Frequently Asked Questions (FAQ)

Resources

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Our experts

This article has been written, edited and reviewed by the following members of our team:

Feng Zhou

Feng Zhou, a seasoned author and financial expert, boasts a diverse portfolio of articles recognized by prestigious publications such as Bloomberg, Global Asia, and BizLeaders. Graduating from the University of Hong Kong marked the inception of Mr. Zhou's journey into the financial sector. Initially delving into financial statement audits for both publicly traded and privately held clients, he honed his skills before furthering his education at Hong Kong Polytechnic University. During his tenure, Feng Zhou contributed significantly to the valuation of privately held businesses, engaged in forensic accounting, and provided litigation-related services. His professional trajectory also includes valuable experience at Nezu Asia Capital Management, a prominent hedge fund giant. Demonstrating entrepreneurial spirit, Feng Zhou founded a financial asset management company and frequently shares his expertise as a guest lecturer at various Chinese MBA programs. His prolific writing extends beyond traditional platforms, with articles featured in a range of industry events and publications, including FoxTrade, The MoneyShow, London Summit, and iFX EXPO. With a keen eye for market trends and a wealth of experience, Feng Zhou continues to be a prominent voice in the financial landscape.

Sandro Pontedra

Sandro Pontedra is the mastermind behind the insightful financial analysis and educational content that FoxTrade readers have come to rely on. With a rich academic background from Università di Bologna and the University of Milan, Sandro has built a career that spans across private wealth management and financial analysis, culminating in his role as Chief Accounting Officer for a prominent firm. An avid trader with over a decade of experience in the markets, Sandro combines his hands-on trading knowledge with a keen analytical mind, offering FoxTrade readers a unique blend of practical advice and in-depth market insights. His work, recognized by major financial publications, reflects his passion for finance and commitment to demystifying complex financial concepts. Sandro is dedicated to empowering readers with the knowledge and tools needed to navigate the financial markets confidently. Whether you're a seasoned investor or new to trading, his articles provide valuable insights into investment strategies, market analysis, and the future of finance and technology.

Stephane Dubois

Stephane Dubois stands at the forefront of financial analysis and industry expertise, driving innovation and insight across global markets. With a diverse academic background in International Relations and World Economy, coupled with practical experience spanning government projects and private sector endeavors across five continents, Stephane brings a wealth of knowledge and perspective to his role. As a senior editor at FoxTrade, Stephane oversees the publication of insightful content, ensuring that readers receive accurate and timely analysis to navigate the complexities of the financial world. His leadership and editorial guidance have been instrumental in shaping the platform into a trusted source of information for investors and traders alike. Beyond his editorial responsibilities, Stephane is revered as a leading analyst in the online broker industry. His insights have been instrumental in shaping strategies and decision-making for executives worldwide. Stephane's expertise isn't confined to the boardroom; he is also an esteemed business school professor, with an MBA from Columbia University and prior experience at Goldman Sachs. Stephane's impact extends beyond the confines of academia and corporate settings. He has spoken and moderated panels at prestigious events globally, earning citations from esteemed publications such as Finance Monthly, The Journal of Finance, and Financial Analysts Journal. His contributions to industry discussions cover a wide array of topics, from forex strategies to stock market catalysts, earning him recognition as a thought leader in the financial world.

Last update: April 27, 2024