Easy Markets Review : Is Good Forex Broker Or Not ? 2023 Pro Or Cons Latest Updated

Hello Wootfi.com Visitors Today WE Covered Easy Markets Review. Please Read Our All review to know more about Easy Markets Broker .

About Easy Markets

Founded in 2001, easyMarkets was the first Forex broker to introduce negative balance protection and a guaranteed stop-loss. It has continued to innovate with unique tools such as easyTrade, Freeze Rate, and deal Cancellation to help traders manage their risk.

The main draw for beginner traders is easyMarkets’ well-designed trading platform, which integrates with TradingView and comes with all the tools mentioned above. easyMarkets’ also offers the MT4 and MT5 platforms, providing traders with ample choice.

easyMarkets offers seven live accounts with higher-than-average minimum deposits and trading costs that vary between 0.7 and 1.8 pips (EUR/USD), which is high for the industry. However, traders will appreciate the fact that easyMarkets offers fixed spreads on most of its accounts, making it easy to calculate its trading costs.

easyMarkets at a glance

Minimum Balance	$200
Minimum Withdraw	$50
Trading Fees	Low
Regulation Country	Australia, Europe
Publicly Traded (Listed)	Yes
Bank	Yes
Mobile App	No proprietary app currently available
Customer Support	Phone, email and live chat support 24/7. In person at local branches. Support also available via text, Facebook Messenger, Twitter direct message, Apple Business Chat and Amazon Alexa.
Platform	easyMarkets Trading Platform
Official Website	Click Here To Visit

How To Create Account At easyMarkets

easyMarkets offers many different account types with no minimum deposit requirements, which means US citizens of all financial backgrounds can sign up.

Spreads & Commission

Commission percentages on easyMarkets are reasonably low for Forex traders, and generally hover around the industry average on CFD trades.

Trading costs can vary dependent on the type of account the user opts for, and spreads are fixed across both the web platform and MT4.

Fees

Spreads and pricing are transparent and freely available for users to check (Some are listed in our data panel on this review).

Choice of account type can affect the spreads too, though the accounts available to each trader will depend on their geographic location.

Payment Methods

Deposits

easyMarkets accepts a multitude of online banking solutions for payment, making it suitable for users all around the world.

With bank payments like SOFORT, Bpay and Giropay available, and eWallets like Neteller, Skrill, Webmone, iDEAL and Fasapay available for depositing funds.

Users can also elect to use bank transfers for deposits and withdrawals, although these could take up to three working days. Most deposit methods are processed instantly, and there are no commission fees for funding your account.

In line with regulatory practices, account holders must be verified before any payments are approved.

Proof of address and proof of identity is required. If a credit card is used to fund the account, easyMarkets may require further documentation.

Withdrawals

As with deposits, easyMarkets offers a variety of ways to withdraw money.

However, withdrawals must be made by the same means as the initial deposit.

The minimum withdrawal amount is £50. Payments are processed quickly via the easyMarkets platform. All withdrawals are correctly documented, allowing users to keep track of their history.

easyMarkets does not currently charge withdrawal fees, making it an attractive choice for traders around the world. The brand is constantly adding new currencies, and users are encouraged to check via the official website to confirm whether they can make a withdrawal in their currency of choice.

Is easyMarkets safe?

A popular and well-regulated broker, easyMarkets has a very high trust rating and has been a reliable trading partner for Indian traders since 2001. However, traders should be aware that they will be onboarded through the British Virgin Islands-based entity, which provides less regulatory oversight than regulators in the EU or UK.

FSC Regulation: Indian traders will be trading under the subsidiary, EF Worldwide, regulated by the British Virgin Islands FSC. The FSC’s rules are somewhat relaxed compared to those of regulators in the EU and the UK, and Indian traders will not be as well-protected as their European counterparts.

Safety features: Despite the comparatively weak regulatory oversight, easyMarkets segregates all client funds at top-tier banks worldwide. This segregation of client funds ensures that only clients have access to these funds and that they cannot be used in company operations. easyMarkets also provides traders with negative balance protection, ensuring they cannot lose more than the balance of their trading accounts.

Trading Platform

easyMarkets offers users a choice of two platforms: its own proprietary platform, which is web based (HTML5) and MetaTrader 4 (MT4).

The brand’s own platform is relatively light and features a simplicity and cleanliness which is useful in keeping users focused on trading. However, it may not be quite enough to satisfy more demanding or experienced traders.

On the other hand, MetaTrader 4 is one of the go-to platforms for online trading, and as such it has an excellent reputation.

It allows users to simply log on via the easyMarkets websites and begin trading instantaneously, with no requirement to download any additional apps or software.

Regulation & Licensing

easyMarkets is regulated by CySec (the financial regulation body for Cyprus), this allows them to accept traders from all over the EU, including the UK. In addition to this, the brand is regulated in Australia by ASIC (the Australian Securities & Investments Commission). The company also holds a license with the British Virgin Islands (BVI).

In order to be regulated by each of these authorities, easyMarkets has had to demonstrate an exceptionally high level of fairness, transparency, honest trading and full financial accountability.

High Grade Features Which Offer By easyMarkets

Wide range of trading instruments

easyMarkets offers trading in a variety of instruments, including forex, commodities, indices, shares, and cryptocurrencies.

Fixed spreads

easyMarkets offers fixed spreads on all of its trading instruments, which means that traders know the cost of trading upfront.

Negative balance protection

easyMarkets provides negative balance protection to all of its clients, ensuring that traders cannot lose more than the funds in their account.

Guaranteed stop-loss orders: easyMarkets allows traders to set guaranteed stop-loss orders, which can help to limit their risk and protect against sudden market movements.

User-friendly platform

easyMarkets offers a user-friendly trading platform that is easy to use and navigate, with a range of trading tools and features.

Trading signals

easyMarkets provides trading signals to its clients, which can help to inform their trading decisions and strategies.

Educational resources

easyMarkets offers a range of educational resources, including articles, videos, and webinars, to help traders improve their knowledge and skills.

Mobile trading

easyMarkets offers a mobile trading app that allows traders to access the markets and manage their positions on-the-go.

Customer Service

While trading online, there are moments when you need someone to rescue you from uninvited technical glitches or assist you with some sort of professional help. With its presence on every communication medium, easyMarkets is at your service 24/5. You can connect with its customer service professionals via live chat, or email, or over the phone, or through social media. They did a test of how responsive and helpful they are. Here are our review findings:

Live Chat is an easy way to get answers to your queries. It is remarkably swift and accurate.
Email support functions well but takes a little time to get back to you with relevant answers.
Phone support executives provide you with the best solution to your queries. They are decent and helpful.
Social Media support is available via Facebook Messenger, WhatsApp, and Viber. For mobile traders, it is a great option to reach them.

easyMarkets Pros & Cons

easyMarkets is a forex and CFD broker that provides trading services to clients worldwide. Here are some pros and cons of using easyMarkets:

Pros:

User-friendly platform: easyMarkets provides traders with an intuitive and user-friendly platform that is easy to navigate, making it suitable for both novice and experienced traders.
Fixed spreads: easyMarkets offers fixed spreads on its trading instruments, which means traders can be sure of the cost of their trades, even during periods of high market volatility.
Range of trading instruments: easyMarkets offers a wide range of trading instruments, including currency pairs, commodities, indices, and cryptocurrencies.
Negative balance protection: easyMarkets provides traders with negative balance protection, which means traders cannot lose more than their account balance.
Educational resources: easyMarkets provides traders with a range of educational resources, including webinars, trading guides, and market analysis, to help improve their trading skills.

Cons:

Limited trading platforms: easyMarkets only offers its proprietary platform and the popular MetaTrader 4 (MT4) platform, which may not be suitable for traders who prefer other platforms.
Limited payment options: easyMarkets only accepts a limited number of payment methods, which may not be suitable for all traders.
High minimum deposit: easyMarkets requires a minimum deposit of $100, which may be high for some traders who are just starting out.
Limited customer support: easyMarkets’ customer support is only available during trading hours and does not offer 24/7 support.
Limited leverage: easyMarkets’ maximum leverage is 1:30 for major currency pairs, which may not be sufficient for traders who prefer higher leverage.

Overall, easyMarkets is a user-friendly broker that offers fixed spreads and a range of trading instruments. However, it has some drawbacks, such as limited trading platforms, payment options, and customer support, as well as a high minimum deposit and limited leverage. Traders should carefully consider their needs and preferences before choosing a broker and conduct thorough research to ensure they select a broker that meets their requirements.

easyMarkets Conclusion

In conclusion, easyMarkets is a regulated forex and CFD broker that offers a user-friendly trading platform with fixed spreads and a range of trading instruments. It also provides traders with negative balance protection and educational resources to improve their trading skills. However, it has some drawbacks, such as limited trading platforms, payment options, and customer support, as well as a high minimum deposit and limited leverage. Traders should carefully evaluate their needs and preferences before choosing a broker and conduct thorough research to ensure they select a broker that meets their requirements. Overall, easyMarkets is a suitable choice for traders looking for a straightforward trading experience with fixed spreads and a user-friendly platform.

Frequently asked questions

Is easyMarkets a regulated broker?

Yes, easyMarkets is a regulated broker, authorized by multiple regulatory authorities, including the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC).