easyMarkets Review ⭐ (Tight Spreads & Guaranteed Stops)

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easyMarkets review - Overview
easyMarkets logo

easyMarkets

  • Demo Account: Yes
  • Min. deposit: €100
  • Trading Platforms: Desktop, Web & Mobile
  • MetaTrader4: Yes
  • Assets: Forex, Crypto, Stocks & CFDs
  • Transparent fees
  • Unique dealCancellation feature

 

74% of retail investor accounts lose money when trading CFDs with this provider

Site security, profitability, user-friendliness, and a tremendous overall trading experience, are some of the things you look at when choosing a trading platform. Is easyMarkets a good choice?

This easyMarkets review focuses on this well-known online broker and tells you everything you need to know about the brokerage so that you can make an informed decision when choosing it.

Let’s get started!

Our easyMarkets review – Is easyMarkets safe?

Reviews of easyMarkets on Trustpilot

EasyMarkets is a safe, average risk, and trusted broker where clients enjoy protection for their funds and trade without worry. It holds licenses from the most reputable top-tier regulatory authorities, CySEC & ASIC.

Cyprus Securities & Exchange Commission (CySEC) offers licenses and regulation to the arm of easyMarkets used by clients in the EU to trade. This arm is called Easy Forex Trading Ltd, license number 079/07.

The Australian Securities & Investments Commission offers licenses to the other arm that services Australian clients and the rest of the world. This other arm is called Easy Markets Pty Ltd, license number 246566.

easyMarkets awards

All clients on easyMarkets have negative balance protection such that they cannot lose more funds than those available in their account balance. The broker’s unique features like Freeze Rate and dealCancellation help clients control risk and avoid significant losses.

EasyMarkets uses fixed spreads, especially in volatile markets like cryptocurrency and Forex CFDs. The investor is aware of the costs and remains unaffected even with changes in market conditions.

The regulations allow easyMarkets to separate client’s funds from the company funds and keep them safely in low credit risk banks. Also, the broker holds sufficient liquid capital to cover client deposits and unexpected market fluctuations.

In the event where the broker may become insolvent, EU clients are protected for up to 20,000 EUR. Unfortunately, the rest of the clients remain unprotected from such an event.

easyMarkets review - easyMarkets homepage

Pros
  • No slippage
  • Tight spreads
  • Free guaranteed stop loss
  • Negative balance protection
  • dealCancellation – cancelling a losing trade
Cons
  • Doesn’t allow US clients
  • Not CFA-regulated

 

 

Markets to Trade

easyMarkets hosts over 200 financial instruments for you to trade. They include metals, Forex, indices, commodities, cryptocurrencies, shares, and options.

  • Metals – easyMarkets offers a high number of precious metals as CFDs, which you can trade on Day trading and Options. They are paired with highly competitive currencies, making easyMarkets a suitable place for traders interested in metals.
  • Forex – There are over 100 currency pairs on easyMarkets, which allows you to trade on major, minor and exotic currencies of your choice. The fixed spreads help you manage risks, especially in a volatile market.
  • Indices – easyMarkets has popular world indices as well as those that are paired with currencies. Examples of popular indices available on easyMarkets are NSQ, US Dow, the AU ASX, the Japanese NKI, and the EU DAX. Those that pair with currencies have these currencies: USD, AUD, HKD, EUR, GBP, & CHF.
  • Commodities – All the commodities on easyMarkets are energy and agriculture instruments. They are paired with USD, making it a convenient way to grow your portfolio on the broker.
  • Cryptocurrencies – Some of the cryptocurrencies available on easyMarkets are Bitcoin (BTC), Ripple (XRP), and Ethereum (ETH). They are all traded as CFDs paired with the USD.
  • Shares – The shares are available as CFDs, pairing with USD, AUD, JPY, HKD, and EUR. You can trade with the big brands globally like Amazon, Netflix, Intel, etc.
  • Options – With options, you can trade currencies, commodities, and precious metals. Short trade lengths vary between days to one week, while longer durations can go up to 6 months.

easyMarkets - Markets offered

Commissions & Fees

The charges applied on easyMarkets, whether trading or non-trading fees, vary depending on the account type you’re holding. For instance, standard accounts enjoy average Forex spreads, which are slightly higher in VIP accounts.

Let’s look at the various fees on easyMarkets.

  1. Trading fees – They apply on every trade you place but vary on different accounts. easyMarkets ensure transparency so that the trader is aware of these charges. Looking at a EUR/USD pair traded on the proprietary trading platform and the MT4 platform, the charges applied on trading the pair vary as follows for different accounts.
  • Standard account – Spread is 2.0 pips on the proprietary platform and 1.9 pips for the MT4 platform.
  • Premium account – Spread is 1.5 pips and 1.4 pips for the proprietary platform and MT4 platform, respectively.
  • VIP account – Spread is 1.2 pips and 0.9 pips for the proprietary platform and MT4 platform, respectively.
  1. Overnight Charges – If you’re trading on the web platform, all open positions will be charged an overnight/rolling fee at 22:00 GMT every day for seven days. Those trading on MT4 are charged at 00:00 GMT on weekdays and a triple amount on Wednesday to cover the weekends.
  2. Non-trading fees – easyMarkets does not charge non-trading fees. You’ll not be charged for inactivity, account maintenance, withdrawals, and deposits.

Pricing-of-Fixed-Forex-Spreads-easyMarkets-com (1)

Deposit Methods

easyMarkets allows for a wide range of deposit methods, including traditional methods like bank transfers and cards. Some of the payment methods are available in specific regions and countries, while others extend services worldwide, so you’ll choose one that is best for you depending on where you are.

They include MasterCard, Maestro, Visa, JCB, America Express, Sofort, Astropay Card, iDeal, GiroPay, Bank transfer, WebMoney, BPay, Skrill, Neteller, WeChatPay, Fasapay, Union Pay, and Bank Wire transfer.

The broker accepts deposits in 18 different currencies, easing the account funding process and eliminating exchange charges. The accepted base currencies are USD, GBP, EUR, CHF, CAD, CNY, HKD, AUD, CZK, JPY, NOK, ZAR, SGD, MXN, NZD, SEK, PLN, & TRY.

The depositing time varies depending on the deposit method you choose, with the quickest depositing instantly and the slowest taking up to five days to complete the deposit. Whichever way you choose, the deposits are safe, and there are no charges on depositing any amount.

Withdrawals

With easyMarkets, you can only withdraw using the deposit method you used to fund your account. There is no withdrawal fee, so you can withdraw any amount at any time.

Most withdrawal methods do not have a minimum withdrawal amount, except for bank transfers that require a minimum withdrawal amount of $50.

Withdrawals take 1-3 working days to process and become available to you.

Demo Account

easyMarkets’ demo account is available to all traders on the platform. It’s very useful for beginners to practice in real market conditions and get the real market experience with the available $10,000 virtual funds before investing real funds.

The demo account gives you access to over 200 markets so that you can practice in your preferred market and compare with how other markets are doing. You can also use the demo account to familiarize yourself with the broker’s features and understand how you can use them to make profits.

Account Types

Non-EU clients have access to three account types: Standard, premium, and VIP accounts. EU clients only have access to VIP and professional accounts that have been adjusted to meet their trading needs.

These accounts come with a personal account manager, 24/5 customer support, trading insights, and fund-protection features like negative balance protection and guaranteed stop loss.

Let’s look at the features of each account briefly.

easyMarkets - account safety

Standard Account

  • It requires a minimum balance of $100.
  • Maximum leverage of 1:200/1:400
  • The minimum order size is 0.05/0.01 lot.
  • The spread size is 1.9 pips.
  • Instrument types available are cryptocurrency, metals, Forex, indices, commodities, and options.
  • Over 200 markets are available.
  • The standard account is accessible on the web, on the mobile app, and on MT4.

 Premium Account

  • It requires a minimum balance of $2000.
  • Maximum leverage of 1:200/1:400
  • The minimum order size is 0.05/0.01 lot.
  • The spread size is 1.4 pips.
  • Instrument types available are cryptocurrency, metals, Forex, indices, commodities, and options.
  • Over 200 markets are available.
  • The premium account is accessible on the web, on the mobile app, and on MT4.

VIP Account

  • It requires a minimum balance of $10,000.
  • Maximum leverage of 1:200/1:400.
  • The minimum order size is 1 (negotiable)/0.01 lot.
  • The spread size is 0.9 pips.
  • Instrument types available are cryptocurrency, metals, Forex, indices, commodities, and options.
  • Over 200 markets are available.
  • The VIP account is accessible on the web, on the mobile app, and on MT4.

VIP Account for EU Clients

  • It requires a minimum balance of £100.
  • Maximum leverage of 1:30.
  • The minimum order size is 0.05/0.01 lot.
  • The spread size is 0.9 pips.
  • Instrument types available are cryptocurrency, metals, Forex, indices, commodities, and options.
  • Over 200 markets are available.
  • This account is accessible on the web, on the mobile app, and on MT4.

Deals & Promotions

easyMarkets has exclusive offers, bonuses, and promotions for all their members as a ‘thank you for trading with the broker. They include:

First Deposit bonus

It’s given to all traders who deposit $100 and above as their first deposit. You must agree to a deposit bonus during sign-up and then later contact your relationship manager quoting “First Deposit Bonus.” The bonus is given in different percentages depending on the amount you deposit.

The bonus is for trading only, so you cannot withdraw it. So, to make good use of the bonus, you must place trades and make profits which you can withdraw. easyMarkets debits the bonus if you don’t place any trades with it within 30 days after receiving it.

Get your 50% sign up bonus here (non-EU) –>

 

 

Referrals

easyMarkets innovated a program to encourage traders to invite their friends to the platform. If you have a channel where you can share your referral link and get more people to sign up using it, you become eligible for a bonus.

You’ll get your referral link under “My Referrals” and “Referral Scheme” on “my easyMarkets. Use it to invite friends on email and social media. If they sign up and deposit above $100, you get a bonus.

Partnership Program

You can become an affiliate marketer for easyMarkets or an IB (Introducing Broker) and earn commissions. As an IB, you’ll be required to have one on one interaction with clients, organize presentations, host webinars, and attend events in the industry.

You are to keep constant communication with all your referrals at a personal level so that they can experience good customer service and help them remain on the site.

Regulations

As mentioned earlier, easyMarkets are tightly regulated by tier-1 and tier-2 financial regulatory bodies to ensure that they are safe for use by all investors. All the policies regulating activities on the platform are documented and made available in downloadable formats for all users to access.

To ensure you’re protected and to know what is expected of you while trading on the site, you’ll need to read and familiarize yourself with the policies.

More to the Cyprus and ASIC regulations, easyMarkets has also been regulated in the Republic of Seychelles under the Seychelles Financial Services Authority and in the British Virgin Islands.

Leverage

The leverage rate you get on easyMarkets depends on the platform you are using to trade and where you’re trading from. Clients in the EU have leverages of 1:30, which is generated automatically for popular and major pairs.

Metals and minor pairs like AUD/CAD get leverage of 1:20 while some indices like USTech100 are leveraged at 1:5.

Non-EU clients enjoy higher leverages of 1:200 on web platforms and 1:400 on MT4 platforms. This leverage is the same for standard, premium, and VIP account types.

Although we consider these to be standard and apply to all clients, other factors can vary the leverage you get on your trading account. Some of these factors include your expertise according to your trade history, your location, customer loyalty, etc.

Trading Platforms

easyMarkets gives you access to four trading platforms, all customized to serve your trading needs excellently. These four are the Meta Trader 4 (MT4) platform, easyMarkets proprietary HTML5 web platform, easyMarkets Mobile App, and the unique Vanilla Options platform.

easyMarkets Meta Trader 4 Platform

easyMarkets - MT4 platform

MT4 has powerful trading features favorable for every trader. With easyMarkets’ access to the MT4 platform, traders can take advantage of the features that come with it, like fixed spreads and trade in over 80 markets.

It has over 30 indicators and over 24 drawing tools pre-installed for you. You can take advantage of the predesigned templates on the platform or create yours.

There are different order types available. So far, you have access to two market orders and four pending orders. The margin call is set at 70%, and the deal stop-out at 30%.

easyMarkets Proprietary Web Platform

easyMarkets - trading platform

The web platform is designed to satisfactorily meet both amateur and veteran traders’ needs with its valuable features like the guaranteed stop-loss, no spillage, and fixed spreads. Innovative features like dealCancellation and Freeze Rate are also available on the web platform.

Freeze Rate allows you to pause an ongoing trade for some seconds, especially in a volatile market, while deal cancellation allows you to cancel a deal at a small fee within one, three, or six hours after the deal was initiated.

easyMarkets web platform lets you use different chart types like the line charts, candlestick charts, and the OHLC charts and choose your preferred time frame from one minute to weekly.

You can trade in over 200 markets, with access to over 78 indicators and six drawing tools. There are three available market order types.

easyMarkets Mobile App Platform

easyMarkets review - Mobile trading

The mobile app is for Android and Apple devices, easily downloadable from the Google Play Store and the Apple Store. The app is designed to conveniently help the trader review markets on the go.

Like the Web platform, the app platform has the unique dealCancellation feature and the Inside viewer feature that shows sentiment information important for market analysis.

Other features that come with the mobile app are price notifications, a market explorer, a financial calendar, and live rate graphs.

Download mobile app here –>

Vanilla Options Platform

It’s a special easyMarkets platform customized for clients interested in trading Options. Considering the high risk and volatility common in the Options markets, the Vanilla Options platform for trading is highly user-friendly and gives you high control over your trades.

With this platform, you can easily take advantage of volatility or risk high amounts without limiting your trade potential.

 

 

Trading Tools

easyMarkets has special powerful trading tools that set it apart from other brokers. These tools are meant to help clients trade better and manage risk effectively.

They include easyTrade, dealCancellation, Freeze Rate, Free Guaranteed Stop Loss, and Negative Balance Protection.

easyTrade

easyMarkets - easyTrade

easyMarkets offers the unique easyTrade option where you can trade with limited risk and get unlimited returns. When you set up the trade time on easyTrade, the deal will close once the time expires. However, you can close the deal at any time before the time expires.

There are no margin requirements or stop loss because you determine your risk when performing your trade. Use easyTrade in three steps as follows.

  • Choose a risk amount.
  • Specify trade duration.
  • Choose rate direction, whether up or down.

dealCancellation

Imagine you placed a trade, and then the market reverses, and in no time, it becomes a losing trade. What do you do? This is where dealCancellation comes in. You have an allowance of one, three, or six hours to cancel the order.

This tool helps traders trade in highly volatile markets, make big deals, and trade in significant economic events without worry. They can quickly reverse the trade if things turn out unfavorably.

To use dealCancellation, ensure you click on the shield icon on the open deal to turn it on. You can then choose an allowance of either one hour, three hours, or 6 hours. When you open your ‘Open Trades Report,’ you’ll see all the trades that you can cancel. If the deal is not going as you had anticipated, go ahead and cancel it.

Freeze Rate

Are you trading in a volatile market, and you see a favorable price on a pair? The Freeze Rate tool will pause the price movement for a few seconds to allow you to place a trade on the price you chose.

To use Freeze Rate, choose your preferred instrument and click on it. You’ll see the ‘Freeze Rate’ icon between the “Buy” and “Sell” Icon. Click on it, and you’ll get a few seconds to make a buy or sell decision. A bar timer will show to let you know how much time you have.

Free Guaranteed Stop Loss

With easyMarkets, stop loss is free and available on the web platform and mobile app. You can confidently use stop loss to manage risk because it’s guaranteed to close the trade according to your set limits.

Even though many brokers offer this tool, slippages happen, and losses occur, especially in highly volatile markets. On easyMarkets, you can trade with peace of mind knowing that your stop-loss order will be executed just as you’ve set it.

The stop loss is generated automatically when you place a trade, but you can modify it to suit your preferences.

Negative Balance Protection

With easyMarkets, you can be sure that you won’t lose more money than what is available on your account balance. The negative balance protection feature comes in handy, especially for beginners who are unfamiliar with market volatility.

If you have a running trade that is losing money, use a margin call to automatically stop all open positions and preserve your account balance.

Research

All easyMarkets accounts have access to different research tools and resources, all geared to improve a trader’s trading experience. Trading Central sends informational fundamental and technical analysis emails to all account types, including trading signals and indicators.

Most market news comes from FXStreet, a top-tier news source, with headlines specifying the instrument featured, date, and time for convenience. There’s also a Forex news blog, Forex.info, where you get detailed analysis from the experts.

Other research tools include Trade Ideas, Expert Analysis, Sentiment Charts, and Economic Calendar. The trade ideas come with trading signals from Trading Central, while expert analysis is found on the blog.

 

 

Mobile Trading

The easyMarkets app allows traders to access markets on their smartphones, both Android and Apple Devices. It’s simple and accessible, with powerful features just like the web platform. The app is highly compatible with the devices, so you experience no delays when executing trades or canceling orders.

Trading tools available on the app are dealCancellation, Inside Viewer, Market Explorer, Price Notification, Live rate graphs, and a financial calendar. These tools collaboratively enhance a trader’s trading experience and help them manage risks better.

On the app, you can monitor how your trades are performing in real-time, update yourself with market news, open and close trade positions, use analytical tools, place pending orders, and deposit/withdraw funds into or from your account.

Customer Service

easyMarkets has excellent customer support. There are several contacts means you can use to reach their customer support. They include a live chat on the platform, customer support email, a working phone number, a Viber account with the same phone number, Facebook Messenger (easyMarkets), and Whatsapp.

The live chat option is very prompt, and you can receive a reply to your message within seconds. Emails take some hours to get a response, but all messages are replied to candidly, and questions answered exhaustively.

If you prefer social media, you can chat with customer support on Facebook Messenger, on Viber, or on WhatsApp. Response time can vary depending on the difference in time zones.

The agents are professional, kind, and knowledgeable, as they help answer questions and sort out your issue until you’re satisfied. All clients are also linked with a personal account manager who is always present to guide you through the platforms.

Before chatting with customer support, you can first check out the rich FAQ section from the website and find an answer to your question. If you find no help there, feel free to contact them and get the help you need.

Accepted Countries

easyMarkets services clients from over 150 countries worldwide, with this number, constantly growing as they seek to reach more people. Some of these countries include Australia, India, Germany, Thailand, Italy, Singapore, Saudi Arabia, Denmark, Kuwait, South Africa, Germany, France, Russia, Portugal, Pakistan, Netherlands, among others.

easyMarkets is not available in these countries. United States, Afghanistan, Israel, Yemen, Somalia, Iran, North Korea, South Sudan, Canada, Angola, Libya, Chad, Haiti, Cambodia, Venezuela, Guinea Bissau, Syria, Turkmenistan, Brazzaville, DRC, and Burundi.

easyMarkets accepts different languages such as English, Arabic, Spanish, Japanese, Polish, German, and Mandarin Chinese.

Final Thoughts

From this easyMarkets broker review, you can tell that easyMarkets is a trustworthy and reliable broker, with excellent safety and regulatory measures taken to protect every investor. With over 200 markets available, traders can trade any market of choice in the four trading platforms and have a great trading experience.

It’s also the best place for beginners to start, as easyMarkets have vast educational resources and research tools which they can use to hone their trading skill. They also have access to a demo account to practice in actual market conditions and feel the market mood. The demo is also helpful in trying out new trading tools.

The unique Freeze Rate and dealCancellation features make this broker stand out from among other brokers. You can tell many clients enjoy their experience on easyMarkets considering the high ratings on trusted review sites like TrustPilot.

If you’re looking to start trading, you can register with easyMarkets and experience all the benefits we’ve discussed in this review. Or start easy with their excellent demo account.

easyMarkets
easyMarkets logo

easyMarkets

  • Assets: Forex, Crypto, Stocks & CFDs
  • Transparent fees
  • Unique dealCancellation feature

 

74% of retail investor accounts lose money when trading CFDs with this provider

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