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.
