A Detailed Review of easyMarkets – One of the Best Out There

  • Regulation: ASiC, CySEC
  • Minimum Deposit: $25
  • Max Leverage: 1:200
  • Reward: $2,000
  • Open Account!

EasyMarkets is an online CFD/Forex broker that first started its operations in 2001. That time it used to be known as Easy-forex. Later in 2016, the company rebranded to easyMarkets. The headquarters of the company is in Majuro, Marshall Islands. easyMarkets has offices all around the globe, and it is handled by Easy Forex Trading Ltd, which also belongs to the Blue Capital Markets Group.

The company has more than 200 trading instruments, which include metals, currencies, energy, vanilla options, and agricultural commodities. easyMarkets is regulated by the Australian Securities & Investment Commission (ASIC) and the Cyprus Securities & Exchange Commission (CySEC). It is known for the web-based platform that is user-friendly and also for a couple of unique features, Freeze Rate and dealCancellation. easyMarkets also offers the clients negative balance protection in segregated accounts.

Trading Platforms and Features

easyMarkets is a trading platform that is for all types of traders. Be it experienced or new traders, there are useful tools on the web platform. It is possible to access all the listed assets for trading without having to download any software. Some of the features of the web trading platform are:

  • Accounting management: You will have easy deposits and withdraws from the platform. Moreover, there are options such as history, KYC documents submission, and account statement.
  • There are around 81 technical indicators, along with other analytic tools.
  • There is no need to download anything as the trading platform runs on all operating systems.
  • Financial Calendar and News Headline: These crucial tools are for fundamental analysis that is streamed live on the platform.
  • There are four different ways to trade. These are Forward Deals, easyTrade, Day Trading, and Pending Order.

easyMarkets Forex broker homepageA well-known trading platform amongst Forex traders is MT4, which is also available with easyMarkets. The platform is well accepted due to its capabilities. Moreover, with easyMarkets, you can get the downloadable windows version of MT4.

easyMarkets also has a mobile trading platform. The app has the same functions as the web platform, and it is for mobile phones. The application is available for iOS and Android devices. It has a colorful interface, and the majority of the features are the same as the web version. Even the MT4 trading platform has mobile applications for iOS and Android.

Some of the trading features of easyMarkets are:

  • dealCancellation: A unique tool that lets a losing trade to be canceled in less than an hour. Once the trade is canceled, the amount will be returned to the trading account. You will have to pay a fee for this feature.
  • easyTrade: With this unique tool, traders can set their risk limit, potential payout amount, and duration of the trade. Moreover, it maximizes profits, risks, and leverage.
  • Freeze Rate: With this tool, it is possible to freeze the price displayed on the screen for a few seconds. This is done to enable the trader to enter a trade at that particular frozen price.

Promotions

There are different promotions and bonuses on offer for the traders. However, these benefits are not for EU clients as per the regulatory demands of CySEC.
There is a first deposit bonus, which is rewarded to new clients with up to 50% on their very first deposit. Also, the minimum credit bonus is $30, and the minimum amount for deposit is $100. Using this promo, a maximum bonus of $2000 can be received.

Another one is to refer a friend bonus. You can get up to $750 whenever you refer other people to the trading platform on social media or email. To be eligible for the bonus, the referred person should make an account using the link. Moreover, it is crucial to fund the account with at least $100.

Deposits and Withdrawals

There are no additional charges for withdrawal or deposit. Also, whenever there is a request for withdrawal, the account holder is verified per the regulatory requirements. In fact, all the withdrawals are only sent to the original deposit method that was used.

Here are the different payment options:

  • Credit and debit card – Cards such as AstroPay, Mastercard, Maestro, and JCB are accepted. Moreover, card payments are processed instantly.
  • Online banking – For some European countries, SOFORT is accepted, and the transactions are processed in under two hours. For clients in Germany, Giropay is accepted. For those who are outside the Asia Pacific and Europe, WebMoney deposits are accepted, and they are processed in less than 24 hours. Clients in Asia Pacifica can use Bpay.
  • eWallets – Even Neteller and Skrill are accepted, and the transactions are instant.
  • Bank transfer – This method will take around 3-10 days, and the minimum amount for withdrawal is $50.

Regulation Information

CySEC regulates easyMarkets under the license number 079/07. Also, it is regulated by ASIC under AFSL No. 246566.

Aside from the regulatory provisions, the company asserts that the clients’ funds are all in segregated bank accounts with low credit risk banks. Moreover, the broker maintains sufficient funds that are required to cover the deposits and expenses.

Also, the company regularly identifies and controls the risks that are associated with the operations. There is SSL as well to protect the clients and their personal information.

Support Methods

  • Company: Easy Forex Trading Limited
  • Headquarter: Cyprus
  • Founded: 2001
  • Telephone: +357 25 828 899
  • Email: support@easymarkets.com
  • easymarkets.com

Reaching out to the customer support team is simple. Clients can utilize the chat feature on Facebook, WhatsApp, etc. to communicate with customer service. In fact, you can also use the message form that is available on the website. Aside from these options, you can send an email to support@easymarket.com or complaints@easymarkets.com.

In case you want to get in touch with the customer support team over call, reach them at +181 930 710 00 or +357 25 828 899. The support team of easyMarkets is highly active and is ever ready to help you out.

Conclusion

EasyMarkets has a long history as a broker and an excellent track record as well. It has useful mobile and web trading platforms for experienced and new traders. Some unique features set it apart from the other options in the market. Moreover, the broker has won several accolades for its performance in the industry.